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Shetterly's 3 Laws of . . . Sales Calls
1) Rapport Gets'em in the Door: Smile! Shoppers buy from people they like and trust, and that process begins from the first moment on the phone. Be and sound happy and interested, and they will be, too. They can see your smile through the phone, and always give it to them--so that they want to come see you and your vehicle for sale.
2) Conversation Leads to Conversion: Give in Order to Get. Give your name to get theirs; give your enthusiasm to get theirs; give your phone number to get theirs; give your urgency to get theirs; and so on. And answer enough of their needs only to convert to the appointment, not close them on a vehicle. Which is actually the next rule . . .
3) Close on the Appointment, not on the Vehicle: For best selection and terms, they must be present to win! An appointment is faster and makes best use of their time; you'll have several vehicles pulled up and ready for them to choose from; the particular pre-owned vehicle is very popular so your manager is scheduling times for test drives; finance will already be prepared to discuss terms; etc. An appointment gives all that in perception and is your well-proven best shot at actually delivering both a great shopping experience for your customer and a sale for you!
See the rest of the laws at www.shetterlyslaws.com.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
TurnUPtheSales.com
Shetterly's 3 Laws of . . . Sales Calls
1) Rapport Gets'em in the Door: Smile! Shoppers buy from people they like and trust, and that process begins from the first moment on the phone. Be and sound happy and interested, and they will be, too. They can see your smile through the phone, and always give it to them--so that they want to come see you and your vehicle for sale.
2) Conversation Leads to Conversion: Give in Order to Get. Give your name to get theirs; give your enthusiasm to get theirs; give your phone number to get theirs; give your urgency to get theirs; and so on. And answer enough of their needs only to convert to the appointment, not close them on a vehicle. Which is actually the next rule . . .
3) Close on the Appointment, not on the Vehicle: For best selection and terms, they must be present to win! An appointment is faster and makes best use of their time; you'll have several vehicles pulled up and ready for them to choose from; the particular pre-owned vehicle is very popular so your manager is scheduling times for test drives; finance will already be prepared to discuss terms; etc. An appointment gives all that in perception and is your well-proven best shot at actually delivering both a great shopping experience for your customer and a sale for you!
See the rest of the laws at www.shetterlyslaws.com.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
No Comments
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Shetterly's 3 Laws of . . . Internet Leads
1) Don't Forget to Still Answer the Sales Calls Correctly: An inbound sales call on average is much more valuable than an Internet lead. Studies show that nearly 8 out of 10 shoppers who contact us from our web presence call us for that first contact. Just because Internet Leads might be easier to measure doesn't mean you can or should ignore needing great sales phone skills on your inbound sales line--online shoppers are going to call you, so be prepared to close them on an appointment!
2) Be Ready to Work for Your Money: The only fact you actually know about an Internet lead is that you got one. The email address might be wrong; the vehicle of interest might be the result by a bad shopper selection; the lead might be a prank (on your dealership or on the shopper); etc. Really, all you know for a fact is that you got a lead, so work it via email and phone until you are sure that you've done your best to get the information needed to reach the shopper. And then . . . CALL them, if you can. See the next rule.
3) The First Bird Gets the Worm: Any sale from an Internet lead will most often go to the first dealership to convert the lead to a good phone call. Of the 22% or so of online shoppers that do email you or send in a lead, email them back immediately what they want to know with calls to action, especially ones that will lead them to call you. And, if the shopper gave up a phone number in the lead or email, my successful rule is to also call them immediately--and with compelling reasons to talk to you and come in as soon as they can. Great phone skills still get you sales from the Internet, and likely will for some time to come.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
www.youtube.com/keithshetterly
www.shetterlyslaws.com
No Comments
TurnUPtheSales.com
Shetterly's 3 Laws of . . . Internet Leads
1) Don't Forget to Still Answer the Sales Calls Correctly: An inbound sales call on average is much more valuable than an Internet lead. Studies show that nearly 8 out of 10 shoppers who contact us from our web presence call us for that first contact. Just because Internet Leads might be easier to measure doesn't mean you can or should ignore needing great sales phone skills on your inbound sales line--online shoppers are going to call you, so be prepared to close them on an appointment!
2) Be Ready to Work for Your Money: The only fact you actually know about an Internet lead is that you got one. The email address might be wrong; the vehicle of interest might be the result by a bad shopper selection; the lead might be a prank (on your dealership or on the shopper); etc. Really, all you know for a fact is that you got a lead, so work it via email and phone until you are sure that you've done your best to get the information needed to reach the shopper. And then . . . CALL them, if you can. See the next rule.
3) The First Bird Gets the Worm: Any sale from an Internet lead will most often go to the first dealership to convert the lead to a good phone call. Of the 22% or so of online shoppers that do email you or send in a lead, email them back immediately what they want to know with calls to action, especially ones that will lead them to call you. And, if the shopper gave up a phone number in the lead or email, my successful rule is to also call them immediately--and with compelling reasons to talk to you and come in as soon as they can. Great phone skills still get you sales from the Internet, and likely will for some time to come.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
www.youtube.com/keithshetterly
www.shetterlyslaws.com
No Comments
TurnUPtheSales.com
The Good Ol’ Boy Network (GOBN) Limits Dealer Success
The Good Ol’ Boy Network (GOBN) of the car business limits us in how we apply experienced and/or capable people, how we run our dealership’s business, and in how we approach women in this business for everything from ownership, to manager spots, to sales positions. And, by doing all that, limits our success. And our profitability. Let me tell you my own experience with the car business GOBN, and then I’ll address the point I’m making on limits.
I came to the car business in my 40’s (I’m now 52) with experience ranging from owning my own business, to Fortune 100 Consulting, to several years at Microsoft. I entered the sales floor, as perhaps many do, because I had a financial issue—I had a cash flow problem with my business, and so I was making an effort to offset that slowdown.
I was privileged to work with several great salespeople who were happy with me until I started selling #1 consistently. Eventually, they came back to liking me, but what really happened next was inevitable: I knew so much about sales and marketing, and the dealership group’s attention to marketing and the Internet was severely lagging. They couldn’t run a marketing program in any coordinated fashion to save their lives. I tried to help, but I ran right smack into the GOBN: I couldn’t possibly understand the car business! And the people they had running all the marketing and Internet were just fine. Really. They knew them all very well, how could it be otherwise??
And so I sold lots of cars and left when my cash was right again. The main store’s GM called me very shortly after that, though, and he said “I get it even if other’s don’t. I need your help in a BDC with phones and Internet, can you come back and help me?” And so I did. And a shout-out to my old GM, Mike, by the way: Thanks very much for that!
He and I worked together and took the BDC—even back then—to running 40% of the dealer’s vehicle retail business. I eventually moved on to an eCommerce position at a large group, and for me the rest is history as they say—I’m now an independent consultant (www.keithshetterly.com), but I still have all that experience, both outside and inside the car business. Plus I qualify now for some entry into that GOBN. Who knew?
Though that’s still not true with everyone who considers me, because I’m not twenty years in this business making all the same mistakes they are making (if not direct business mistakes, then business-limiting mistakes because they are still GOBN-oriented).
So, what are a few of the most common GOBN limits? First, that experience outside the car business isn’t any strong help to a dealership; second, that running the dealership AS a business, instead of by GOBN “relationship decisions", is not possible nor profitable; and, third, that women are never, ever part of the GOBN.
Yeah. I said it. Women are limited by the GOBN in the car business. Still. I’ll write more on that in a minute.
I already covered the GOBN’s reaction to experienced and capable people when I wrote about my own entry into the car business. What I see for GOBN for relationships that hold back their business success is perhaps best given in questions: Who knows a GM who buys a random direct mail piece because his buddy at another dealership “killed it” and sold “fifty cars” from it last month? Or has seen the management clearing-out that happens with some GM regime changes? Or still sees print advertising spend over digital because the GM has a long-standing relationship with the local newspaper? And so on. Exactly.
And back to women, then, to wrap up, and I’ll ask some more questions: How many women GMs and managers are there? Would a successful woman ever get online as a dealership Marketing Director and write on an automotive professional blog site (using both their personal name and their dealer’s name) in angry posts, some containing profanity (see the thread here, be warned)? Would even my actions there be done differently? Why do lots of capable women leave the sales floor? Why do the ones who stay do so well and yet cause such jealousy?
GOBN, that’s why. For all of that and more.
We need experienced, capable people with new ideas; we need to run our dealerships as a business, not as clubs; and we need more women in sales, management, and ownership.
And we lag on all these because of the limit of the GOBN, both in business practice and in attitude. Removing that limit will do more for long-term dealership success than any new efforts on Internet, Social Media, Reputation Management, etc. ever will alone—simply because those are all really most successful when change for business success is really embraced.
And the car-business GOBN hates change. Have you noticed? So did the dinosaurs, perhaps, and they are now encased in rock. Don’t be a GOBN fossil and miss modern success and profit.
Change.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
www.youtube.com/keithshetterly
No Comments
TurnUPtheSales.com
The Good Ol’ Boy Network (GOBN) Limits Dealer Success
The Good Ol’ Boy Network (GOBN) of the car business limits us in how we apply experienced and/or capable people, how we run our dealership’s business, and in how we approach women in this business for everything from ownership, to manager spots, to sales positions. And, by doing all that, limits our success. And our profitability. Let me tell you my own experience with the car business GOBN, and then I’ll address the point I’m making on limits.
I came to the car business in my 40’s (I’m now 52) with experience ranging from owning my own business, to Fortune 100 Consulting, to several years at Microsoft. I entered the sales floor, as perhaps many do, because I had a financial issue—I had a cash flow problem with my business, and so I was making an effort to offset that slowdown.
I was privileged to work with several great salespeople who were happy with me until I started selling #1 consistently. Eventually, they came back to liking me, but what really happened next was inevitable: I knew so much about sales and marketing, and the dealership group’s attention to marketing and the Internet was severely lagging. They couldn’t run a marketing program in any coordinated fashion to save their lives. I tried to help, but I ran right smack into the GOBN: I couldn’t possibly understand the car business! And the people they had running all the marketing and Internet were just fine. Really. They knew them all very well, how could it be otherwise??
And so I sold lots of cars and left when my cash was right again. The main store’s GM called me very shortly after that, though, and he said “I get it even if other’s don’t. I need your help in a BDC with phones and Internet, can you come back and help me?” And so I did. And a shout-out to my old GM, Mike, by the way: Thanks very much for that!
He and I worked together and took the BDC—even back then—to running 40% of the dealer’s vehicle retail business. I eventually moved on to an eCommerce position at a large group, and for me the rest is history as they say—I’m now an independent consultant (www.keithshetterly.com), but I still have all that experience, both outside and inside the car business. Plus I qualify now for some entry into that GOBN. Who knew?
Though that’s still not true with everyone who considers me, because I’m not twenty years in this business making all the same mistakes they are making (if not direct business mistakes, then business-limiting mistakes because they are still GOBN-oriented).
So, what are a few of the most common GOBN limits? First, that experience outside the car business isn’t any strong help to a dealership; second, that running the dealership AS a business, instead of by GOBN “relationship decisions", is not possible nor profitable; and, third, that women are never, ever part of the GOBN.
Yeah. I said it. Women are limited by the GOBN in the car business. Still. I’ll write more on that in a minute.
I already covered the GOBN’s reaction to experienced and capable people when I wrote about my own entry into the car business. What I see for GOBN for relationships that hold back their business success is perhaps best given in questions: Who knows a GM who buys a random direct mail piece because his buddy at another dealership “killed it” and sold “fifty cars” from it last month? Or has seen the management clearing-out that happens with some GM regime changes? Or still sees print advertising spend over digital because the GM has a long-standing relationship with the local newspaper? And so on. Exactly.
And back to women, then, to wrap up, and I’ll ask some more questions: How many women GMs and managers are there? Would a successful woman ever get online as a dealership Marketing Director and write on an automotive professional blog site (using both their personal name and their dealer’s name) in angry posts, some containing profanity (see the thread here, be warned)? Would even my actions there be done differently? Why do lots of capable women leave the sales floor? Why do the ones who stay do so well and yet cause such jealousy?
GOBN, that’s why. For all of that and more.
We need experienced, capable people with new ideas; we need to run our dealerships as a business, not as clubs; and we need more women in sales, management, and ownership.
And we lag on all these because of the limit of the GOBN, both in business practice and in attitude. Removing that limit will do more for long-term dealership success than any new efforts on Internet, Social Media, Reputation Management, etc. ever will alone—simply because those are all really most successful when change for business success is really embraced.
And the car-business GOBN hates change. Have you noticed? So did the dinosaurs, perhaps, and they are now encased in rock. Don’t be a GOBN fossil and miss modern success and profit.
Change.
By Keith Shetterly, keithshetterly@gmail.com
Copyright 2011 All Rights Reserved www.keithshetterly.com
www.twitter.com/keithshetterly
www.youtube.com/keithshetterly
No Comments
TurnUPtheSales.com
Shetterly's Three Laws of... Women Buyers
1) Hire some women! Women buyers will, on average, prefer to buy a vehicle from another woman when they can--and women salespeople are awesome. By the way, women salespeople will do a great job with male buyers, too.
2) Smile and understand their power. Lots of women are on their own and earning money these days, and, when in families, women statistically make most of the car-purchasing decisions, anyway--so, if you can pleasantly help women smartly enjoy their vehicle purchase, you will get some of your best sales. And referrals.
3) Sell with polite confidence. Women don't want to buy vehicles from mean or weak people, male or female, which means--no matter your own gender--you'll lose the sale if you are condescending or disrespectful. Or just don't know your product.
**To help be sure I wasn't a total Neanderthal about this, I vetted some of these ideas with Dr. Elizabeth Archuleta, whom I would like to thank. Regardless, though, I take full responsibility for the idea and content of this article.
Copyright 2011 All Rights Reserved
www.keithshetterly.com
No Comments
TurnUPtheSales.com
Shetterly's Three Laws of... Women Buyers
1) Hire some women! Women buyers will, on average, prefer to buy a vehicle from another woman when they can--and women salespeople are awesome. By the way, women salespeople will do a great job with male buyers, too.
2) Smile and understand their power. Lots of women are on their own and earning money these days, and, when in families, women statistically make most of the car-purchasing decisions, anyway--so, if you can pleasantly help women smartly enjoy their vehicle purchase, you will get some of your best sales. And referrals.
3) Sell with polite confidence. Women don't want to buy vehicles from mean or weak people, male or female, which means--no matter your own gender--you'll lose the sale if you are condescending or disrespectful. Or just don't know your product.
**To help be sure I wasn't a total Neanderthal about this, I vetted some of these ideas with Dr. Elizabeth Archuleta, whom I would like to thank. Regardless, though, I take full responsibility for the idea and content of this article.
Copyright 2011 All Rights Reserved
www.keithshetterly.com
No Comments
TurnUPtheSales.com
Shetterly's Three Laws of... Excellence
1) Mediocrity is a habit; excellence is a choice.
2) The ability of a competitor does not govern your excellence: Competition for excellence begins and ends within yourself.
3) Excellence is not a measure of effort--it is a measure of results.
(from the dealership series Shetterly's Three Laws of...)
Copyright 2011 All Rights Reserved
www.keithshetterly.com
No Comments
TurnUPtheSales.com
Shetterly's Three Laws of... Excellence
1) Mediocrity is a habit; excellence is a choice.
2) The ability of a competitor does not govern your excellence: Competition for excellence begins and ends within yourself.
3) Excellence is not a measure of effort--it is a measure of results.
(from the dealership series Shetterly's Three Laws of...)
Copyright 2011 All Rights Reserved
www.keithshetterly.com
No Comments
No Comments