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Cross-Selling Alternative Products to the Main Customer Base

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.

Cross-Selling Alternative Products to the Main Customer Base
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