Are you familiar with the book “If you give a moose a muffin?”
Blog
If consumers are “Smart” do we risk looking dumb?
Topics: Customer Retention, Improve CSI
Accessories sales task force: develop a map to victory
“Look back over the past with its changing empires that rose and fell, and you can see the future”- Marcus Aurelius
Every great warrior and leader knows that the key to success in the future lies in having an understanding of the past. So with that said what sense does it make to set up a dealership accessories sales program and never keep an accurate detailed record of activity? In it lies your plan for victory. A lack of record keeping could be a plan for failure. Here are three keep points you should track and analyze throughout the history of your accessory selling program.
Record Keeping #1 - Customer Access
When a customer agrees to view accessories they should always create a unique log in ID and password. A good accessories selling system will be able to track where they logged in from, what they looked at, etc. Plus, the customer may be associated to the sales consultant for future sales credit.
Example: Analyzing your customer’s activity will help you understand what accessories are most viewed in your catalog. You should know the year, make, model and sub-model. It’s an easy way to advise your sales team on hot items to present to future customers.
In short…your sales consultants should take the time to register all customers.
Looking for a complete guide for selling accessories in your dealership? Get a free copy of the Accessories Profit Playbook
Record Keeping #2 - Sales Consultant Log-ins
All sales consultants should have their own login credentials. Not only does it give them commission credit for their sales it gives management an idea of who’s doing what? And let’s not forget about Customer Access discussed above!
Example: The dealership may use the individual performance reports to inspire “spiff” based activity contests. Spiffs based upon the most number of registered customers. Perhaps spiffs for the greatest penetration. Tracking at the sales consultant level allows you to manage, plan and reward for success.
In short…reviewing your sales consultants activity allows for success planning.
Record Keeping #3 – Pricing
This is essential to remaining competitive. You do not want to spend time and resources promoting a great program however pricing yourself out of the market? This is also very important if you’re stocking high volume items…price them to sell!
Example: You’ve seen it on every news program, read about it on every website, and even seen your customers with it, the IPOD. So you decide that the Personal Audio Link will be a hit in the accessories catalog. You get about one purchase out of a hundred views…while this is a hot item based upon views, nobody buys. Be sure to compare your pricing.
It’s most likely priced too high. There are several mark-up options available. Based on your observations pricing it correctly will make it sell.
Topics: Customer Retention
4 ways to keep customers engaged on the dealership website
With all the content that’s out there it’s hard to keep customers engaged. This is not to mention the hundreds of websites you are competing with. As a dealership you have to stand out online as well. Here are four tips to keep your customers engaged and prevent them leaving your website without becoming a customer.
1. Videos:
Topics: Customer Retention
4 consumer points to consider when selling car accessories
Since the release of the popular film “The Fast and the Furious”, car accessorizing has shifted from being a secret of car gear enthusiasts to a mainstream phenomenon. It even factors into customer retention for service conversions. Two sequels later and the aftermarket accessory market continues to average 8% growth annually. Car dealerships would be wise to keep up. The demand for car accessories is high. And, just like fashion accessories, there are hundreds of options. And, trends change rapidly. Here are four reasons why people love to personalize their vehicles.
Topics: Customer Retention
Purchasing a car is the second largest investment most people will make. And, unfortunately, many compare the experience to a visit with the dentist. John Krafcik, Hyundai Motor America CEO stated “Americans would rather go to the dentist than visit a car dealer.” So many things can go wrong from the time a prospect sets foot on the lot to the time they roll off in their new car. Many deals fall apart during one fatal stage, the uncomfortable transition to F&I. During this time period many prospects are likely to change their mind.
Topics: Customer Retention




