Please note: this feature is in Preview at the moment, which means we're still making a few tweaks here and there to make it even better. It also means that while all customers can benefit from the Magic Matrix right now, when it's out of Preview it may be restricted to certain subscriptions.

Prospect CRM's Magic Matrix helps you identify products you could be selling more of to your customers. With simple colour coding, you can quickly and easily identify upsell opportunities - either by customer or by product category.

Prerequisites

  • You'll need CRM Admin rights in order to follow the steps in this article

Step 1: Open the Magic Matrix

Access the Magic Matrix via the navigation menu under the Sales page, or click here.

Step 2: Choose your Product Categories

Next, use the categories drop-down menu to choose up to 10 product categories. You can also use the other drop-down menus along the top to filter the results down further, like RFM Segments, Account Managers or Industries.

Step 3: Understand Colour Codes

The Magic Matrix has four different stages, each with an associated colour so they're easily identifiable on the Magic Matrix Dashboard and elsewhere within the CRM:

  1. Unaware (Red) - Customers who've not purchased from the product category before, and have not yet been included in a Campaign Activity to make them aware of the product category.

  2. Aware (Orange) - Customers who've not purchased from the product category before, but have been included in a Campaign Activity to make them aware of the product category.

  3. Opportunity (Blue) - Customers who've not purchased from the product category before, but have an Opportunity logged for the product category.

  4. Bought (Green) - Customers who have purchased from the product category before

For example, looking at the example above, the customer 'Bayside Club' has purchased from the 'Furniture' product category but not from the 'Seating' product category.

The more green dots on your Magic Matrix Dashboard, the better! The aim is to get as many of your customers to buy as many of your products.

To move customers from Unaware to Aware, you'll need to use the Bulk Awareness tool to add them to a Campaign Activity to help manage your marketing effort. Here's how!

Magic Matrix by Company

You can also view the Magic Matrix by Company by simply navigating to any Company in the CRM and clicking the 'Sales Analysis' page. This shows how well you're doing at cross-selling your different products to this particular customer, along with the progress (aware or interested) with products that you're trying to sell to this customer.

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