This article was written by WeddingWire Education Guru Alan Berg, CSP. Alan has over 20 years experience in wedding related sales and marketing, and is an author, business consultant, a member of the National Speakers Association, and the wedding & event industry’s only Certified Speaking Professional®. Learn more at alanberg.com.
Are you getting the most profit from each wedding or event? I gave a presentation recently on closing sales and how none of us should sell a client something they neither want nor need. That doesn’t mean we don’t sell them things they didn’t come in for. Most couples don’t know how to shop for what you do, so they don’t always know what’s available.
Discover the interest
Part of your job in the sales process is to ask good questions to find out if your client is interested in hearing more about some of the things you do, but they haven’t asked you about. That’s called the discovery phase. If they’re not interested, move on. If they are then show them how those things can enhance their event, and then see if they’re interested in adding them. In other words, go for the close.
What if they don’t buy them today?
For most wedding and event professionals there is a gap between when you make the sale and the event date. Therefore there’s plenty of time to revisit some of the upsell opportunities with your client. But do you? Is the sale done and complete the first time, or do you call, email or bring up the other items during subsequent meetings? If not, why not?
What’s the opportunity cost?
If you’re not asking for the upsell with your client (I’m talking about upsell items that will legitimately benefit them), both you and the client lose. They lose the chance to enhance their wedding or event (and of course they can decline them) and you lose the revenue. The revenue you lose is called the “opportunity cost,” or more appropriately the “opportunity lost.” Over the course of a year this can add up to a lot of revenue. Just imagine an extra $50, $100, $200 or more, in profit from each event. What would that mean to you?