Master Your Response Time
Most dealerships close an average of 5–7% of all internet leads, considering leads from the company website and third-party vendors. Is your sales staff trained to master response time every month?
Analyzing the call-to-close ratio could make a significant difference in monthly sales.
Here are a few ways to analyze current practices and increase your closing ratio every month:
1. How many calls do you make before giving up? National statistics show that it takes an average of 9.1 attempts to get a customer on the phone. Are you spending the time necessary to create a relationship?
2. What time of day are you calling? Calling at 9:00 AM or 10:00 AM, after the team meeting might be convenient for your staff, but customers are likely out of the house or at work during that time. Schedule sales calls at a more convenient hour – when people are likely to answer and have time to discuss their needs.
3. What are you saying once you get someone on the phone? Do you have a general sales script for staff to use and takes notes on, or are they trained to handle calls on the cuff? Having a pre-planned map could help guide customers in the right direction and right into a sale.
4. Who can help you set appointments? Hiring an appointment setter can help your sales staff focus more on closing sales and less on administrative tasks. Create an environment conducive to a higher closing ratio.
The speed of response is equal to the relationship you create with a customer and equal to the gross profit you experience on a sale. It’s very important to respond to people within 11–30 minutes on a daily basis. The stores that have the highest closing ratios attribute that to a response of average time 10–30 minutes. How will your dealership master response this month?