Cross-Selling Alternative Products to the Main Customer Base

Industry: Healthcare
Year Completed: 2023
Situation: While working with a healthcare company, there was an emerging need to promote a new medical product that the company intended to market to their current customer base. To drive success of this product and launch their cross-sell strategy, there was a need to increase product adoption of alternative products across all eligible customers. Though this product had been released for a year prior to this campaign, this was one of the first major campaigns launched for this product. This company did not have a defined cross-sell strategy, and their alternative products had very low awareness amongst their main customer base. This was one of the first campaigns I launched during my tenure at this organization.
Challenge: Driving current customers to adopt a new product with personalized messaging that increases overall engagement.
Goals:
To increase message personalization for different microsegments within the target audience.
Increase product adoption across all customer segements.
Generate incremental orders and revenue directly attributed to this promotional campaign.
Solutions:
Utilize advance data points to increase the micro-segmentation within the target audience.
Test specific messaging for each customer segment with clear CTAs.
Personalize campaign messaging based on customers' previous purchases, and recommend alternative products to customers based on their needs.
Launch an incremental promotional campaign to drive engagement.
Results
Overall, the campaign generated 760 incremental orders and $40,000 in incremental revenue.
Increased overall conversions for the cross-sell program to 19.2% above plan.
First time product orders were up 120% YoY as a result of this campaign.
Product revenue was up 29.1% YoY as a result of this campaign.
