Will your business expand faster by selling new products to existing customer or selling current products to new customers?

[UsmanAmoyo]

Sometimes one if the major sales challenges encountered by new companies is due to lack or incompetence of the marketing team.
Marketing is very important in new companies.

You are right, marketing plays and important role in the advance and continuity of a producing company.
Without marketing in place it would be virtually impossible to achieve maximum results.

 

[Genie01]

You are right, marketing plays and important role in the advance and continuity of a producing company.
Without marketing in place it would be virtually impossible to achieve maximum results.

Yeah, it would be definitely hard for the company to make sales.
That is why for a business to grow it is very good to sell current products to new customer.

 

[UsmanAmoyo]

Yeah, it would be definitely hard for the company to make sales.
That is why for a business to grow it is very good to sell current products to new customer.

Yeah it is very true if you could devise a means of reaching out new customers, the sales would definitely increase and there would be a corresponding grow of the company.

 

[tyrim88]

You should always try to take everybody along in your business and that is going to make you to stand at a very good point. This is why I advise that you should do a little of both.

That is a good and thoughtful decision to take,because the persons that have been with you and kept faith with the business as well as the ones that we intend to get into the business are all very important.

 

[Floura]

I think all if them are very important to you, customers are all good remember they are the reason why you start up the business you are not expected to abandoned them.

 

[Shigobad2020]

The exact product youbare selling will depend if you will be selling raster or not , I believe the content of the product you are selling matter most , If youbstarted selling me product and its inferior to the old one you are selling , people will stop patronising you .

 

[nana kwasi]

In both situations, the expansion of the business is dependent on the items and the sorts of clients. New customers are preferable to new customers if the products are ascending or growing in season. On the other side, existing clients are the best if new products are not coming to market.

 

[Agbalagbaa]

Yes you can earn money by doing that but you have to be very careful, this will be a good idea to earn a extra amount of money but it's kind of risky, you have to be very careful.

 

[frederick_9]

When products are climbing or expanding in demand, new consumers outperform other new customers.
The best customers, though, are those who already have things in the market.

 

[Joseph555]

selling new products to existing customers because the customers would have gotten a strong confidence in the seller making it easy for them to buy any products he or she introduced to them so far they need it they won't even bother to go elsewhere to go and buy from another seller in the market

 

[Shigobad2020]

You need packaging in your business , sometimes you don't need producing a new product for your busuness to start turning a new leaf , all you need is just repackaging your product to entice your customers.

 

[Sotherefore]

I don't think it matters , customer satisfaction is the most important priority. So many business owners are willing to satisfied their clients needs and that is how most business will grow.

 

[ganibade]

To answer this ultimate question, you may want to compare how long it will take and how much it will cost your business to capture the growth with each option in order to determine which is the better course.

To find that out, here are three steps:

a. To locate a prospect, close the deal, and collect the cash, estimate the time required and the cost for your company.

b. When your business produced and sold the last new product, calculate the time it took and the cost.

c. With the lowest cost and fastest time to market, pick the option.

These three basis are essential when taking a decision to make, hope it helps you. Please share your feedbacks below.

There's no preferential treatment in business,
to sell a new product for existing customers and new customers is the best attitude of the company, if the company want to make a good profit.there was no special treatment between new and existing customers.

 

[Imran_Noori]

To answer this ultimate question, you may want to compare how long it will take and how much it will cost your business to capture the growth with each option in order to determine which is the better course.

To find that out, here are three steps:

a. To locate a prospect, close the deal, and collect the cash, estimate the time required and the cost for your company.

b. When your business produced and sold the last new product, calculate the time it took and the cost.

c. With the lowest cost and fastest time to market, pick the option.

These three basis are essential when taking a decision to make, hope it helps you. Please share your feedbacks below.

I think it goes in both ways, if you are selling new products to your current customers and if they like it, this can grow your business beside that they will bring more new customers to sell your current products.

 

[Shigobad2020]

The business can expand if you do the two , packaging is very important in business and you don't need to be producing new product each time , all you need is a good customer service relationship.