AutoLoop XRM
The Talk Trap
I love to talk, which is why, I suppose, I’m in this business.
I love talking about all of it. I’m always being asked 'which dealers are doing what' to increase sales and gross. I debate about which new makes and models will excel this year. I offer my ideas on how the new consumer-finance bureau czar will affect our business. I look forward to making phone calls to chat about Tom Brady or Tim Tebow…before getting to my point, how I might help a dealer improve his or her processes.
All my talk can seem productive, but there are times….
….when I hear a whisper of that old proverb, “When there are many words, transgression is unavoidable, but he who restrains his lips is wise.”
Why is that so hard to do, restrain the lips?
Why is this advice so hard to apply after we present the customer with our first price? Why is the urge to talk during this critical presentation so strong and soooo hard to resist?
How uncomfortable those seconds are. How much we hate that silence. How much we want to rescue ourselves from the emptiness of sound between us. We even want to offer the customer an out. “We can come off that, of course,” you nervously mutter to break the discomfort of silence.
Speak first and you lose. This principle is a first lesson learned in any art of negotiation class. We wrongly believe we are controlling the situation when we’re talking. We’re not; we’ve already lost control.
Keep quite. Let the leverage of silence work in your favor. Fight the urge to remind the customer how much they said they liked the vehicle, loved the color, and how affordable it was.
Even if the wife chats with the husband at this time, look elsewhere while biting your lip. Wait for the customer to break the silence. What they say then, if not yes, is the sticking point – and what you must overcome. This objection most likely is one your discussion on the lot, during the test drive or the negotiation failed to uncover and address – and pops up at this crucial point.
The tendency to keep talking right through this critical decisioning point plagues most green pea sales associates. Learn to be still, to understand that the more we talk we often talk ourselves into traps. At minimum, when we’re talking we’re not listening, and the only true way to serve our customer properly is to ask the right questions in the right way and then zip the lips and listen keenly. If your associates are plagued by the sin of too many words at the wrong times, consider a refresher course for them on sales and sales negotiation basics.
AutoLoop XRM
The Talk Trap
I love to talk, which is why, I suppose, I’m in this business.
I love talking about all of it. I’m always being asked 'which dealers are doing what' to increase sales and gross. I debate about which new makes and models will excel this year. I offer my ideas on how the new consumer-finance bureau czar will affect our business. I look forward to making phone calls to chat about Tom Brady or Tim Tebow…before getting to my point, how I might help a dealer improve his or her processes.
All my talk can seem productive, but there are times….
….when I hear a whisper of that old proverb, “When there are many words, transgression is unavoidable, but he who restrains his lips is wise.”
Why is that so hard to do, restrain the lips?
Why is this advice so hard to apply after we present the customer with our first price? Why is the urge to talk during this critical presentation so strong and soooo hard to resist?
How uncomfortable those seconds are. How much we hate that silence. How much we want to rescue ourselves from the emptiness of sound between us. We even want to offer the customer an out. “We can come off that, of course,” you nervously mutter to break the discomfort of silence.
Speak first and you lose. This principle is a first lesson learned in any art of negotiation class. We wrongly believe we are controlling the situation when we’re talking. We’re not; we’ve already lost control.
Keep quite. Let the leverage of silence work in your favor. Fight the urge to remind the customer how much they said they liked the vehicle, loved the color, and how affordable it was.
Even if the wife chats with the husband at this time, look elsewhere while biting your lip. Wait for the customer to break the silence. What they say then, if not yes, is the sticking point – and what you must overcome. This objection most likely is one your discussion on the lot, during the test drive or the negotiation failed to uncover and address – and pops up at this crucial point.
The tendency to keep talking right through this critical decisioning point plagues most green pea sales associates. Learn to be still, to understand that the more we talk we often talk ourselves into traps. At minimum, when we’re talking we’re not listening, and the only true way to serve our customer properly is to ask the right questions in the right way and then zip the lips and listen keenly. If your associates are plagued by the sin of too many words at the wrong times, consider a refresher course for them on sales and sales negotiation basics.
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AutoLoop XRM
Staying on the 'Road to the Sale'
An in-depth report based on interviews with 250,000 customers of more than 250 dealerships tells us customers most often walk without buying because we wandered off or away from our Road to the Sale.
We’d like to believe customers’ excuses for not buying – “It’s not in my budget” or “I'll be back tonight with my wife" – but the facts say differently.
A report by an Unsold Research Call Center found that 27% of customers who left without buying did so for reasons within dealership management control. Ouch!
Here’s what real customers said about why they left a dealership without buying:
• Rude and disrespectful treatment by sales personnel
• Sales staff not being knowledgeable about product or
financing information
• Appointments not kept by the proper sales staff member that customer was expecting to meet with
• Condescending attitude and not working directly with or talking to a female when a male was present with her
• Not being respectful of customers’ time by back and forth communication with sales desk manager
• Manager who took a turn seen by the customer as rude or too pushy and lacking empathy
Without commitment to (and accountability for) following your Road to the Sale with every up, the entire sales process falls apart. How is yours? Here’s what research tells us are the most frequent missteps:
· The product presentation
· The demo drive
· The service introduction and walk
· The manager TO interview
Take detours on this road at your own risk. Want to know more about improving sales, be-backs and decreasing third-party leads, click for the report, “An Auto Dealer’s Guide to Outselling the Competition.”
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AutoLoop XRM
Staying on the 'Road to the Sale'
An in-depth report based on interviews with 250,000 customers of more than 250 dealerships tells us customers most often walk without buying because we wandered off or away from our Road to the Sale.
We’d like to believe customers’ excuses for not buying – “It’s not in my budget” or “I'll be back tonight with my wife" – but the facts say differently.
A report by an Unsold Research Call Center found that 27% of customers who left without buying did so for reasons within dealership management control. Ouch!
Here’s what real customers said about why they left a dealership without buying:
• Rude and disrespectful treatment by sales personnel
• Sales staff not being knowledgeable about product or
financing information
• Appointments not kept by the proper sales staff member that customer was expecting to meet with
• Condescending attitude and not working directly with or talking to a female when a male was present with her
• Not being respectful of customers’ time by back and forth communication with sales desk manager
• Manager who took a turn seen by the customer as rude or too pushy and lacking empathy
Without commitment to (and accountability for) following your Road to the Sale with every up, the entire sales process falls apart. How is yours? Here’s what research tells us are the most frequent missteps:
· The product presentation
· The demo drive
· The service introduction and walk
· The manager TO interview
Take detours on this road at your own risk. Want to know more about improving sales, be-backs and decreasing third-party leads, click for the report, “An Auto Dealer’s Guide to Outselling the Competition.”
No Comments
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