Would You Like Fries With That?

“Would You Like Fries With That?” One of the most well-known ways of adding value to your customer’s choice. These simple words account for a significant percentage of the 2 billion servings of fries consumed in this country and it nets hundreds of millions of dollars in sales. It is one of the best examples of cross-selling. So what does that have to do with this industry?

According to a study by Axis Consulting, 99% of insurance agents feel that cross-selling is critical to their success, but only about 46% of agents feel they do it successfully. The more services you sell to individuals, the more profitable those customers are and the harder it is for them to leave and be able to re-create their existing portfolio.

It can cost four times as much to sell to a new customer as it does to sell to an existing one. By cross-selling to your existing clients, you can sell more products and services, reduce the cost of sales, increase customer loyalty and yes, as a by-product, your income will rise.

I would bet the majority of those reading this article have bought something from Amazon. Their cross-selling is a bit more subtle. When you log on, they greet you and remind you what you had purchased before…in case you’ve forgotten. Then they let you know that all of your “friends” that bought what you had done previously, also bought this other product and guess what? Most people want to be included in a group of friends so, you might add that product to your cart along with the one you were originally going to purchase on your return visit. Not only is this cross-selling, it’s also an amazing relationship building strategy and business is all about relationships.

Cross-selling is more than just about increasing your bottom line. While that is important, think about what it means to a client when they have multiple policies from an agent. They trust the agent, they are loyal to that agent and their retention to that agent increases with each additional policy.

Retention rate based on the number of products owned.

When one line of business is sold, there is a 30% chance that business will be on the books in three years. When two lines of business are sold, there is a 70% chance that business will persist for at least five years. When a third line of business is sold to that same client, there is a 90% chance that all three will persist after seven years. This means that your existing client base can be responsible for over 80% of your revenues through ongoing business and referrals…imagine adding one new product?

I hear from many of my clients that cross-selling is too hard and too time consuming. Here are some easy ways to add cross-selling to your appointments:

1. Don’t be pushy and salesy-It’s about value and need so, ask questions and listen. You will never know what they need or have an interest in if you don’t ask. Offer to spend a few minutes with them to update their coverage and review their needs and if nothing else, when you do their policy review, focus on their long-term needs and how you can provide a comprehensive solution. When you become your customers’ source for all their insurance and financial needs, you’ve become invaluable to them.

2. Actively recommend-Think about what might close a gap or add additional coverage. Look for related opportunities that may complement what they already have.

3. Keep those recommendations limited-Don’t sell everything. They will get confused and overwhelmed with too many choices and end up buying nothing. They don’t need everything and that will not help with referrals or your relationship.

4. Justify your choices-Have valid reasons why you are recommending the products to them. If it’s just to add dollars, they will get that immediately and you will get zero.

5. Try bundling-What products work together well? What would make their lives easier? How can you make their choices simpler? Remember, it’s not about you, it’s about them.

6. Don’t rush-Let them finish with what was most important first. Once they have finished with that decision, you can introduce something else. Be prepared that they might want to schedule another appointment to discuss it and if you see signs that they are overwhelmed, you can take the lead and make that suggestion. They will know you have their best interest at heart.

7. Solidify your relationship-Cross-selling is one of the easiest way to build loyalty. When done correctly, your clients will reward you not only with more sales but more referrals and become your walking ambassador.

As with so many other aspects of your insurance business, cross-selling is all about building relationships. And when done right, cross-selling tightens the bond between you and your customers, and greatly increases your profitability.


Judy Hoberman, President of Walking on the Glass Floor and Selling In A Skirt- International Speaker, Trainer, Coach, Author and Mentor. Her 30 years in business has given her both the knowledge and sense of humor about how men and women sell, work and live differently will enlighten you in learning how both genders can support each other’s successes in a more productive way. Her audiences, from 10 to 10,000 are engaged with details wrapped in memorable stories that are easily implemented that same day. In 2016 she was a TEDx speaker talking about pre-judging people, something we all do without even thinking. She is the author of “Selling In A Skirt”, “Famous Isn’t Enough”, “Pure Wealth” and her latest book “Walking on the Glass Floor” already a best-seller, is about the soft skills of leadership. A complete training program rounds out the training and development of women in leadership and the men that champion them. As her book was coming off the printing press, Judy completed a program from Cornell University's College of Business in Women in Leadership. Judy’s mission...to help One Woman A Day by following an important philosophy- “Women want to be treated equally, not identically” TM She was awarded the Character and Integrity Award from the field for her distinct and significant contribution to the field agents’ success and was recently named as a finalist in the Women of Visionary Influence Mentor of the Year. Judy is the author of “Selling In A Skirt”, “Famous Isn’t Enough” and “Pure Wealth”, business books for Professional Women, Sales Executives and Entrepreneurs. She is the host of a weekly radio show on The Women 4 Women Network/iHeart Radio called Selling In A Skirt and is also featured as “The Gender Expert” on Fox News Radio. She has appeared on CNN Headlines, ABC, CBS, CW33 and Good Morning Texas and has contributed articles to multiple publications and journals and appeared on the cover of Exceptional People Magazine and has spoken for Monster.com, numerous Insurance companies and sales teams internationally. In 2016 she was a TEDx speaker talking about pre-judging people, something we all do without even thinking. Her mission…to help women live the S.K.I.R.T. philosophy-Standing Out, Keys to Success, Inspiring Others, Results Oriented and Time Management…all while having fun.