jargon

Office Jargon 101 – What Does ‘Land and Expand’ Mean?

What Does ‘Land And Expand’ Mean?

“Land and expand” is a business strategy that focuses on securing one large customer or client and then slowly growing that relationship to increase profits. The idea behind this approach is to “land” one large customer (or piece of business) by selling an initial product or service and then “expand” the relationship with that customer by introducing new products or services over time.

For example, a company may land a large customer by providing a web design and development service. Once that customer has been secured, the company can then expand the relationship by introducing other digital marketing services like SEO and social media management. The idea is to expand the customer’s business according to their needs as it grows. As the customer’s business grows, the company’s revenue can grow along with it.

The land-and-expand strategy is a great way for businesses to increase their customer base and revenue. It requires companies to be proactive and to understand their customer’s needs. It’s also important to have a good relationship with customers so that they will continue to come back for more services as their business develops.

As businesses grow, the land-and-expand strategy can become an important part of their growth and success. It allows businesses to identify their potential customers, make a sale, and then gradually increase the services they provide over time. By following this strategy, businesses can increase their profits while also building strong relationships with customers.