PBMF The Mechanics of Making Money
Across
- 2. (2 words) the process of finding and attracting potential customers who may be interested in purchasing your company’s products or services
- 4. (hyphenated) suggesting complementary products or add-ons that are related to or can be used with the customer's initial purchase
- 5. encouraging a customer to purchase a higher-end, more expensive version or upgrade the product they are already interested in buying
- 7. (3 words) researching and evaluating your competitor’s prices for similar products and services
- 10. (2 words) the practice of suggesting additional or complementary products to a customer beyond their initial purchase
- 11. a factual capability, attribute, or specification about what the product is or can do
- 12. a specific advantage, solution, or desirable outcome the customer will experience using the product or service
- 13. (2 words) all the positive things customers believe they will get or experience by purchasing a particular product or service
Down
- 1. (2 words) specific, measurable goals a business sets to guide its selling efforts and track its progress in meeting sales targets
- 3. competitors that offer different products/services that could substitute for our offerings to the same target customers
- 4. (3 words)estimates how much total revenue a single customer will generate through all their purchases over the lifetime of their relationship with your business
- 6. (2 words) how responsive or sensitive a customer is to the price of a product
- 8. potential customers–either people or businesses–who are likely to be interested in your product or service
- 9. competitors that sell similar or near identical products/services to the same target customers