---
title: Four ways to boost customer transactions
description: By raising your price, introducing choice, down-selling and service contracts, you can improve your customer's transactions.
image: https://www.itagmedia.com.au/hubfs/Blog%20Images/Placeholder.png
---

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[Sales](https://www.itagmedia.com.au/blog/tag/sales) - 2 min read

# Four ways to boost customer transactions

![Placeholder](https://www.itagmedia.com.au/hs-fs/hubfs/Blog%20Images/Placeholder.png?width=1200&height=630&name=Placeholder.png)

 Posted January 11, 2012  |  Written by [David Ligtenberg](https://www.itagmedia.com.au/blog/author/david-ligtenberg)

The importance of generating repeat sales, more sales per customer, and getting  
 more money out of each transaction are essential to business success. Here’s four  
 often over-looked strategies to achieve these...

## 1. Raise your price

Far too many businesses compete on price. Fair enough if you have pitched your  
 business at the budget conscious as a "price buster"; Red Dot, Price Line, The Good  
 Guys... there is nothing wrong with this strategy, and these businesses do it well, but  
 it is a very tough market to compete and profit in.

Most businesses will achieve better margins if they focus on delivering value.  
 Research shows consumers are generally more concerned with quality, prestige or  
 convenience than just price; you know, the emotional stuff. But guess what, if there  
 is nothing to differentiate your product or service from your competitors, customers  
 have nothing but price to compare! So steer away from price and seek to differentiate  
 yourself through better service or quality.

It is the perception of value that is important. Interestingly, the idea of "you get what  
 you pay for" still has resonance with shoppers.  Even a small increase in price can  
 help your bottom line without dampening sales, but you need to communicate the  
 perception of increased value.

## 2. Introduce choice

Give your customer purchasing choices. Create levels of service or product options  
 based on price, quality, inclusions, upgrades etc. This allows you to reduce the value  
 you deliver for a reduced price, rather than simply discounting the price and getting a  
 lower margin. Once again, selling value rather than price.

## 3. Down-sell

If you're not making ground on the higher priced model, it's time to suggest the less  
 expensive model. Just because you down-sell doesn't mean you can't back-end or  
 cross-sell at the same time. At the same time, ask for referrals, it may lead to that  
 better sale you were looking for!

Sometimes making a lower priced sale that will still generate additional sales at a  
 later date or referrals is better than no sale at all.

## 4. Service contracts

Develop a monthly service contract as an optional sales add-on. Include phone  
 support or service calls. These contact points create great opportunities to further  
 build the relationship plus make future sales. You will also be in a better position to  
 know when the client is ready to buy a new product or service.

When you help your customer gain value from their purchase, you increase customer  
 loyalty and satisfaction. Of course, it also creates a valuable and recurring revenue  
 stream, and while some customers will never use it all the time, you are still getting  
 paid. A side benefit is that recurring and contracted revenue streams can add to the  
 value of your business.

![David Ligtenberg](https://www.itagmedia.com.au/hubfs/Blog%20Authors/author-david.png) Post written by   
**David Ligtenberg**

[LinkedIn](https://www.linkedin.com/in/davidligtenberg/) 

[View Author](https://www.itagmedia.com.au/blog/author/david-ligtenberg)

 This post has been tagged   
[Sales](https://www.itagmedia.com.au/blog/tag/sales), [Business Advice](https://www.itagmedia.com.au/blog/tag/business-advice)

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