Land and Expand
What is Land and Expand?
Land and expand is a sales strategy where a company first secures a small deal with a customer and then works to grow that relationship over time. This often involves selling to more departments or adding more users within the same organization.
Why It Matters
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It lowers the initial barrier to entry for new customers, making it easier to close the first deal.
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Expanding within existing accounts is typically much cheaper than acquiring entirely new customers.
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It allows the company to build deep, multi-threaded relationships with its largest and most important clients.