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Chris Austin

🚀Small business

1y ago

I educate & advise on price strategy for small businesses who want to increase their sales and profits.

10 Bundling Dos and Don’ts for Increasing Sales and Customer Satisfaction
Chris Austin

Bundling is the practice of selling a collection of products and/or services together for a single price. Done well, it increases sales and customer satisfaction.

Here are 10 do's and don'ts for making bundling work for you.

1: Do study how products and services are used together. 

What other products or services do customers use before, after, or with your product or service?

2: Do bundle products in ways that will enhance customer value. 

How can you combine your products and services to your customers' advantage?

3: Do satisfy diverse customer preferences with mixed bundling. 

Let customers purchase items individually at full price or as a package for a single, discounted price.

4: Do communicate the clear benefits and value proposition of your bundles. 

Educate buyers on the advantages, such as price savings or added convenience, of purchasing your product bundle.

5: Do create an attractive yet profitable bundle price.  

Carefully consider the prices of the individual items being bundled and the size of the bundle discount.

6: Do configure bundles to address specific customer challenges. 

Identify common pain points your customers face and create bundles that deliver a desired result.

7: Do use bundling to protect the price image of your premium products. 

Offer discounts through bundles rather than direct price cuts on individual items.

8: Don't create bundles that offer little or no additional value to the customer. 

A bundle is more than a collection of items sold for a single price.

9: Don't bundle products that buyers would have purchased together anyways. 

The bundle discount will erode your profits on these products.

10: Don't assume that all products are suitable for bundling. 

Some products are better sold à la carte or unbundled.

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