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127,500,000 million
gallons of water "leak" right through It's leaking cash, and lots of it!
I'm going to show you how to harvest the hidden cash that doesn't appear on any
balance sheet...that not even the best-trained accountants could ever find. Every
business has it, even yours.
Where is this mountain of money
hiding? Right there in your customers' wallet, and they are eager to spend it!
They just need a little help. And, you're going to provide that help through
precise, proven, scientific means. Complicated? Not at all.
Upselling is the easiest way to
generate more cash in your pizza business because it is practically effortless.
It's done after the customer has already decided to buy from you. Most pizza shops can easily generate an
extra $7,000-$37,000 every year just from upselling.
The truth is, it is a clinical and
statistically proven fact that 30 to 67 percent of all people can be up-sold at
the time of purchase. Of those, ticket increases of 15 to 25 percent are
commonplace. They have already picked you. Their money is on the table. They are
in "buying mode." They are HOT!
But many people either offend
customers by being too pushy, or leave money on the table that customers would
have willingly spent. Both options are costly.
Here's the secret...buying mode takes
place in the emotional right half of the brain. Pondering questions is a
left-brain activity. Why is this important? Because saying something like,
"would you like the extra large?" will kill the upsell because you are asking a
question.
You have interrupted their pattern –
as they switch over to a different "state" of mind to process the question and
answer you. You have unintentionally snapped them out of "buying mode." Any
chance at up selling has been greatly diminished.
Buying mode is similar to that
trance you get into on the drive home. You arrive home fairly unaware of the
details of the drive unless someone honks or swerves in front of you. So, avoid
asking "upselling" questions. It's the same as honking your horn during the
buying process. But be suggestive. When people are in buying mode, they are very
"suggestible."
In fact, people like to BUY. It's
fun for them. They are in control. People DO NOT like to be sold because they
are not in control. The minute a person perceives that they are being sold to,
they put up the defenses. So, sneak past those defenses by avoiding words that
raise the caution flag.
Here's the exact technique. The
customer calls and says: I'd like to order a pizza with pepperoni, mushrooms and
green peppers. Right there is the time to say: "Extra cheese on that?" Raise the
pitch of your voice on the word "cheese." And say the sentence as an assumption
that they want extra cheese.
Again, if you were to say: "Do you
want extra cheese on that?" You cause the customer to stop and make a decision.
This "interrupts" the buying sequence. And their thought process will be: Do I
want extra cheese? What will it cost me? Is it worth it?
A confused mind always says
NO.
"Extra cheese on that?" With the
higher inflection at the end makes the phrase sound like everybody gets extra
cheese. And, it flows without causing a pause in the order taking.
Also note that this customer did not
specify a size. So, let's take the conversation further.
Customer: I'd like to order a pizza with
pepperoni, mushrooms, and green peppers. You: Extra cheese on that? Customer:
Sure. You: That's a large?
After the order has been placed and
the upselling has been done you may now ask a very profitable question. It is:
"What else can I get for you?"
This question causes an automatic
"mental movie" to play. The customer visualizes the experience they are about to
have and searches their mind for any "missing" items. You'll find people
blurting out things like, "Do you have any root beer?" or, "What kind of salads
do you have?"
"What else can I get for you?" will
generate more sales. "Is that everything?" will generate no
sales. Three Rules for UpSelling
Success
Start upselling today!
Even modest results will pay for a nice vacation.
Let's say you average 300 orders per
week. And, let's say you only up sell 20 percent of them. Remember, you should
be able to hit at least 30 percent. Anyway, 30 extra cheese pizzas at $1.50 =
$45.00. Thirty up sells from a medium to a large at $2.00 = $60.00. $60.00 +
$45.00 = $105.00 per week. Not a big deal – yet.
But, a measly $105.00 per week adds
up to, $5,460.00 per year. Of that you should expect at least $4,095.00 to drop
to the bottom line after food cost. Here's the proof below. And,this is just
"extra cheese" – nothing else. See you in – PMQ
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