Phone Ninjas
Is a Virtual BDC Cost Efficient?
Would a Virtual BDC be cost efficient for your dealership? It’s no secret that ROI is crucial. The cost of a Virtual BDC should not be any more than paying a part-time receptionist and a full time BDC agent. A Virtual BDC can be used to handle your inbound calls or for outbound campaigns.
Using a Virtual BDC will more than double your sales appointments set by handling the initial inbound sales calls for the. Only 30% of sales calls turn into an appointment on average but with a Virtual BDC, you would see that increase to upwards of 70%. Seems like a no brainer, right? Missing phone calls or not handling them properly portrays poor customer service and results in lost business for the dealership.
How does the cost compare? Having a Virtual BDC would ultimately provide substantial savings when compared to a fully staffed in-house BDC. The Virtual BDC agents essentially do the job of 3 people for the cost of one. The BDC Agents are dedicated to the dealership’s success. Thus, maximizing conversions and appointment traffic.
Phone Ninjas
Outsourced BDC vs. Virtual BDC
Do you know the difference between an “outsourced” BDC and a “virtual” BDC? A lot of people get the two confused.
In most instances, outsourced BDC’s are designed to replace your in-house BDC and then will implement their own process. The Virtual BDC is not intended to do that. The goal is to help lighten the load for your team, making it a seamless process. Do not change any procedures that you have in place already, just work on improving the one item that is most crucial- the initial inbound call!
A Virtual BDC can be used for coverage; after hours and weekends if needed. Also, could be used permanently or just while working with your in-house staff, training them how to be more efficient on the phone. The goal is to eliminate some of the burden and make your team stronger!
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Phone Ninjas
How To Maintain Your Online Presence During Unknown Times
Maintaining your social presence is key during times like these.
More important now than ever, is to make sure to keep your brand positive, thoughtful, and generous. "Familiar Favorites" are what you should focus on.
Stay on top of what's happening:
-What posts have mattered most to your customers? How have they changed?
-How can we connect with our customers?
-How can we keep our content appropriate with new and emerging trends?
Use real stories to connect with people. Use your employees and their families. People love people. Collaborate and acknowledge local businesses.
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Phone Ninjas
The Benefits of Twitter
The Benefits of Twitter in the Automotive Industry
Most dealers forget about this platform, and while it might not be the easiest to figure out for a lot of salespeople, it's very beneficial.
I haven't come accross one OEM that doesn't make announcements on Twitter. Whether it be new line-up, changes, or pictures of consumers. It is all factual and information based. It's a great way to start conversations with future and present customers.
To Conumers, research is imperative. According to a study that Twitter did last year, 83% of new car shoppers said that Twitter influenced their decision-making process. We all know that most potential car buyers research across the web before making a decision. In most cases, it is new car buyers that will see the information they want on Twitter, but used car buyers shop the web even more.
Twitter started the #hashtag trend. With Twitter, you can use hashtags anywhere in your Tweet. Using relevant keywords and/or phrases result in your Tweets being viewed more easily by potential consumers. Posting real situations/people tends to get more results (shares, likes, comments). For example, Dodge recently posted (one day ago) a picture of a nurse with her new Dodge Charger and it's had 7,625 views! I'd re-tweet that!
Food for Thought:
Toyota USA has 798K Followers
Ford Motor Company 1.2M Followers
GMC 998K Followers
Jeep 1M Followers
Volvo Cars USA 240K Followers
Dodge 934K Followers
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Phone Ninjas
Keep Your Team Positive
During these tough times, it's not easy to keep the morale up with your team and amongst others in the dealership. The dealership life requires high self-motivation and persistence and a lot of us seem to have lost that lately. It's only human to feel stress, fear, and demotivation. Thus causing such a slump.
Small gestures go a long way. Get to know your people and make examples out of each of their strengths. Whether it be someone that's great at walk around videos, or an individual that exceeds their number of phone calls. Recognize individuals publicly, especially within the dealership. Even saying "Thank You" could change someone's mood.
Most people think that pay is the only way to praise your employees. Now is a time where the focus needs to be shifted. Try to have fun; scavenger hunts, bingo cards, and cookouts are excellent ways to bring your team closer together and to take advantage of the down-time we are all experiencing. Getting involved in the community is another way to boost morale, a little positive reminder that people still care. Be open to suggestions from your team and other staff members. Take turns leading team meetings. With sales being lower than usual, have your people set their own personal goals and encourage them to achieve them.
We will all bounce back from this and hopefully learn more about each other. Keep your head up and stay generous.
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Phone Ninjas
Who can give pricing?
Are sales managers the only ones who should be able to desk deals and provide pricing?
Being a dealership with multiple brands, this becomes an issue due to the BDC needing pricing, as well as the salespeople. It always seems like such a hassle to get the information when we're busy or there's only one sales manager on duty.
Our luxury brand doesn't get quite as busy as the others so there is only one sales manager, one salesperson, and one BDC person trained. It becomes difficult to cover all shifts and to get pricing for a customer when the manager is off or with someone. The salespeople, of course, do not have access to giving sales quotes.
To remedy these issues, we have trained one BDC person and the one salesperson for our luxury brand on desking the deals. We have had a lot of internal controversy over this, specifically with the BDC person having this ability. The sales managers seem to think that they should be the only ones giving out pricing sheets that are presented to the customers. However, it has helped in many instances when they are backed up. It's never good customer service to make a customer wait hours or sometimes until the next day to receive pricing. By this time, they've already gotten pricing from other dealerships and have probably made their decision on who they are going to purchase from.
Being that one BDC person trained on our luxury brand and having the ability to provide pricing for my customers and my team, it has been tremendously beneficial and time-saving. It also gives us, in the BDC the ability to provide better customer service and a faster response rate.
How important do you think it is to have others trained to do this? Maybe it would be beneficial for your dealership?
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Chesrown Chevrolet, Buick and GMC
I am the BDC Manager for a multiple brand dealership and I think it would be extremely beneficial to be able to work numbers as well. I don't think it would be good for every customer who asks mainly because there is nothing worse than being shopped and having your numbers being taken to a different dealership. But for those customers who have made multiple purchases and use our service department as well, what could it hurt?
Acp Consulting Group
Hi Morgan, great conversation you have stared. Giving price has always been and still is the major objection for most dealers. The fear is “They will shop our numbers”, which maybe true. The question I always ask my clients, if you called a business and ask for price and they would not offer a price what would you do? The common response I get is “I would hang up and go elsewhere. So, what we can agree on if you don’t answer the question 100% of customers will shop for sure.
Think about this… I would rather have 50% of something versus 100% of nothing. What I mean by this statement is, some customers will agree to moved forward with an appointment to visit your dealership that day or the next day. They may shop and come back to your store because you did not put the client thru the grind by not offering price. Its all about the BDC or sales rep’s confidence, tonality and professionalism. Today’s customers are interviewing your store to see if they want to even do business will you beside price.
Who should give price? If you have a BDC, the BDC manager needs to be able to give price and desk a deal if necessary. All BDC’s have a back up for the BDC manager. That person should perform the same function of the manager when the manager is not there. The issue with upper management is they want to control pricing, who gives it and when. Management does not have confidence in the BDC to handle pricing. Well teach them mangers! 50% of your business comes through the BDC. If there is no BDC and salespeople answered email leads and take phone calls. A sales manager needs to be dedicated to managing that part of the business. FULL TIME.
One of my training topics has been for a very long time is “Honor the Button”. Morgan the bottom of your blog you show a button that’s tells the consumer to click here for a price quote! If a dealer’s website has call to action button’s like... “Get E price”, “Get today's Price”, “Ask for price quote”. So, may question to dealers what is your E-price? If you were on a website the had a button that said you and E-price what you expect? Of course, a better price than you see listed on the web site. If you don’t want to dive out pricing unless you must, then change the name of your call to action button. People will still ask price often, but everybody will ask price when you offer a button that reflects a better price than what is reflected on your website. Does your store Honor the Button?
Conclusion:
1. What does your call to action buttons say?
2. Teach your BDC manager on how to desk a deal and giving price if necessary.
3. You must have a back up for the BDC manager to give pricing
4. What is your pricing philosophy, how do you determine pricing? New and Used?
5. Does your staff execute confidence, positive tonality and professionalism when speaking to a customer or emailing?
Today Customer looks for 4 things when they interview a store before they will do business!
I refer to this as the 4 T’s
Tailored responses
Trustworthy Responses
Transparency
Timely
Craig Polito
ACPConsultinggroup.com
3E Business Consulting
Morgin... Several years ago, I was a BDC Director for a combined Honda, Nissan, and Used Vehicle operation. The Honda New Car Sales Manager gave us pricing ranges, the Nissan New Car Sales Manager gave us a convoluted pricing scheme, and the Used Car Manager refused to give us pricing and demanded that we "Just get in!"
Bottom line, we were much more successful in getting Honda customers to Schedule an appointment, Show, and Buy. Our Appointments, Shows, and Buy rates with Nissan customers was not as good. And getting Customers, interested in our Used Cars, to Schedule and appointment, Show, and Buy was dismal.
However, after six months, the GM stepped in and gave me Pricing Power, with accountability for targeted percentages for: Appointments, Shows, Sold, and Gross... the BDC Business BLEW-Up!!!
So I can honestly say, that having the BDC capable of giving a Customer a Price can and will have a POSITIVE impact on Sales and Gross!
Phone Ninjas
Increase Your Following on Instagram
Does your dealership use Instagram for social media? Do they encourage the salespeople to use it as well? A lot of salespeople do not have the first clue about how to start this process. Other than just downloading the app. It's understandably frustrating when you post pictures often and your following doesn't increase.
To start, you want to make sure that you gain the following of local businesses and even other salespeople and dealerships in the area. To do this, you can search for the hashtag and name of your city and/or county (ex. #orlando), and follow users that have used this hashtag. If you are brand specific, you can also search the hashtag+your brand (ex. #mitsubishi). This may not get you all local followers but it is a good way to build them. I recommend staying away from following private profiles and profiles without pictures, as these are less likely to follow you in return. It's also good to make sure to follow users who like photos that you post.
Don't forget to invite your friends and family to follow you on Instagram, as well as your previous customers. A good way to reach your previous customers would be with an email blast or a Facebook post, on both your personal and business pages if you have them!
Instagram does put a limit on the number of other users you can follow/unfollow in a specific time period. The more established your account, the more you'll be able to follow per day. With most newer accounts, the limit is 100.
You will want to avoid looking like a spam profile. If you are following 3k users and only have 200 followers, this can look suspicious to other users. There are apps that can be downloaded to weed out the users that have not followed you in return. Some of the apps that I have used are "Unfollowers" and "Follow Cop".
This whole process can be very time consuming and seem monotomous but will get easier and easier as your following increases. Just remember to keep engaging your followers by posting pictures and stories!
2 Comments
Auto Group
Another recommendation to the above would be the 9x9 strategy. Liking the top 9 photos of the top 9 hashtags that are relevant to you will give you a few followers each day, but if you like random hashtags (like #instagram), then you'll receive a lot of fake followers that only add to your vanity follower number. My adaptation to this strategy is to tap the search bar and switch over to places (by default, you'll be looking at "Top") and searching for your city or local cities in your PMA. Liking the top nine photos will give you additional exposure and increase your followers.
Phone Ninjas
@Dustin - Yes! This does help increase your followers as well. The app "Follow Cop" will also show you the top 5 "trending" for the day, liking these also helps!
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