
Revenue Expansion
Expand the range of products and/or services that are purchased by customers and grow the share of wallet
More revenue.
Strategically expand the range of products and/or services that each of your customers purchase from you. The capacity for the ‘share of wallet’ to grow hinges on understanding the ultimate strategic ‘success’ objectives of the customer, a cohesive product strategy, and the depth of the relationship that is strengthened over time.
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Whether it is annuity/recurring revenue that you are targeting for growth, or seeking to expand the revenue generated from periodic transactions, an in-depth initiative can be launched to firmly understand what competing factors, customer experience factors, and product strategy offerings are for growing revenue.
Blue Fabric will:
Review the current share of wallet for all customers
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Investigate all competitive factors that prevent revenue expansion
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Prepare an initial revenue expansion strategy
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Conduct regular ‘health-checks’ of the customer base to assess potential for expansion