So--what do I do to sell more cars?
Well, I follow up with everyone that I have talked to at the dealership.
I use a combination of my Car Sales Assistant 2008 program and a legal pad. The program to help me keep track of contact and the legal pad for an "overview" of the people I have talked to. When I get someone back in, I write SOLD with a big black magic marker--it kind of gives me positive reinforcement! Plus--it looks cool when the manager comes by.
Why is follow up so important?
Well, here are some truths about people that come up on your lot.
- For the most part--they are in the market for a car.
- For the most part--if they came to your lot, they are at least considering something that you have to offer.
- For the most part--if they come on your lot, there is a huge chance that they will be buying something within the next few weeks. Some sales trainers have stated that most will buy within a couple of days but my experiences have stated within a few weeks.
- For the most part--you have an 18% chance to sell someone who comes on your lot.
- For the most part (getting tired of the "for the most parts yet?" It will be a given for now on...) That leaves 82% of the people who came on your lot who didn't buy.
- If you do a good job following up on those 82% of the people--any one of them you get back on the lot, you will have about a 50% chance of selling them a car.
If you talk to 30 people in a month, you will sell about 6 on the spot. Out of the other 24, if you do a halfway decent job doing follow up, you might get a third back on the lot--so, 8 will come back. Out of those 8, you will sell 4 (on average.) Can you see where this can be important yet?
OK--I am sitting on 8 cars right now (it's slow here in Michigan--as of yesterday, I was leading the board with 8...) Out of those 8, 4 were "be-backs" that I got back up and sold. Actually, my closing ratio for be-backs is higher than 50% (you can track it with my software) so I work real hard to get people back up to the dealership.
I see people all the time who catch an up and if they don't sell them, their ego gets in the way and they assume that the people just couldn't buy, etc. Well, they are dead wrong and they are losing sales by the dozens.
OK--here are some concrete steps you can take to increase your sales IMMEDIATELY!
- Treat everyone you talk to as a buyer. They would not be there wasting their time (for the most part--sorry) unless they were at least "thinking" about getting a car.
- If they don't buy, give them a "great news" call. "Hey Jim--I have some great news--call me as soon as you get this message." When they call back, "Great news--I have another manager that wants to take a look at your trade. When can you bring it by--right now or later this afternoon?" Remember--if they come back--you have a 50% chance of closing them on the spot.
- Send them a thank you letter for stopping by with a business card in yours since they probably threw yours away or added it to a pile.
- If the don't come back--call them again from time to time but always have new information for them--such as new rebates, a great used car you just got in, a new car with the color they really wanted, etc.
- If they don't call back after 3 calls, I assume they have bought somewhere else or do not want my product. Sorry--I don't call until they "buy or die"--there are too many others to call. I do give them a final, "Do me a favor--if you are out of the market, please call and leave me a message on my voice mail so I can quit calling you." (Mention the voice mail because that is non-confrontational--they may not have the guts to tell you live over the phone.)
- Put them into your master database like the one on CSA 2008. Send them something once a month. I have had people come back literally years later and buy off of me. "I bought somewhere else but they treated my like crap," I hear a lot.
- I send out postcards (easy to print with CSA2008--sorry about the plugs for my software--it really does help people sell tons of cars.) because they are easy to read and don't look like all the other junk mail we all get.