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Most offices have
coffee machines, so they need coffee cups. Many offices have kitchens, they
need dishwashing detergent.
Topic for
discussion: It's important to "think outside of the box". Just because
you've never sold a particular product and/or service doesn't mean it's not a
great fit for you and your customers. What opportunities do you have in your
business to sell additional products and/or services to existing customers?
Answer: It's
harder to attract a new customer than to sell additional products to existing
customers, a lot harder. As you visit your customers, look around, see what
they are buying.
Are they buying
something from someone else that you are currently selling? Look at what they
are buying that you are not selling, make a list. Do this for your top twenty
customers, cross check the lists. Note any commonalities. How difficult would
it be you to expand your product/service offerings to include these
commonalities? What ancillary costs would be involved? What are the benefits to
the customer of single source procurement? Go through this exercise, see what
turns up.
Consultants call
this horizontal and vertical integration, but those are just fancy terms for
taking your existing customer base and your existing infrastructure and
expanding profit opportunities for your business.
You think about
it: What could you or should you be selling to your customers that you are
not now selling? When was the last time you added a product or a
service?
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