4. #2 PHONE SALES PROCESS #1 SHOWROOM SALES PROCESS #3 INTERNET SALES PROCESS #4 UNSOLD FOLLOW UP PROCESS #5 SOLD FOLLOW UP PROCESS #6 SERVICE FOLLOW UP PROCESS #7 PROSPECTING PROCESS
5. 1st week 1st month 1st year 2nd year 3rd year 4th year 5th year 6th year LOW HIGH Phone Contact Loyalty Repair Dollars # 6 SERVICE FOLLOW UP
7. Sell & Service more vehicles profitably! Mail, email & phone Lease Finance SERVE FIND KEEP C R C Walk-In Internet Phone OTHER Service Unsold 80% Permission Based Customer Contact SOLD SOLD 20% - Unsold Walk-Ins - Unsold Phone - Unsold Internet - Sold - Service - Prospects 75% Lost 500 250 100 100 75 400
8. Profit Opportunity Sold 67.5 x $1250 = $84,375 12 x $84,375= $1,012,500. Moving the “NEEDLE” slightly makes a BIG Difference! Walk-In Phone Internet Unsold 500 5% 25 250 5% 12.5 100 5% 5 400 5% 20 100 5% 5
9. We SAW how a CRC could make a DIFFERENCE! WE Identified the OPPORTUNITIES! Now, we need to APPLY them! What does it take to go from... Concept REALITY?
10.
11.
12. Customer Relationship Center Technology How will/do you DECIDE To manage YOUR INFORMATION? Internet Lead Management : Contact Management Salespoint Outlook Customer Information Mgmt : Contact Management Prospecting : Manufacturing Lists Third party sites Dealer database management Reporting : Microsoft Excel Contact Management DMS
13.
14. Our CRC Results With our CRC Reports We Track : Outbound Calls Inbound Calls Internet Opportunities Web Page Stats Appointments Units SOLD CRC Report - MAY 2008 AUTOMARK PAGE STATS Unique Visits 5,562 Page Views 11,473 DEALERCONNECTION PAGE STATS MTD Unique Visits Page Views Average Visit Length CRC ACTIVITY MTD Outbound Calls Sales & Service 616 Inbound/Outbound Leads 553 Internet Leads 312 Appointments Made Sales & Service 325 Sales & Service Confirmations 308 Appointments Showed Sales & Service 182 Appointments Showed Sales 141 Unsold Follow Up Sales 17 TOTAL - Unit Sales 59
15. Our CRC Results FE and BE Grosses VEHICLE DETAIL NEW - Units Sold FE Gross BE Gross Total Cars 17 $13,496 $13,172 $26,668 Trucks 25 $23,880 $26,308 $50,188 Total 42 $37,376 $39,480 $76,856 USED - Units Sold FE Gross BE Gross Total Cars 7 $15,926 $10,095 $26,021 Trucks 10 $19,389 $18,299 $37,688 Total 17 $35,315 $28,394 $63,709 TOTAL - Units Sold FE Gross BE Gross Total Cars 24 $29,422 $23,267 $52,689 Trucks 35 $43,269 $44,607 $87,876 Total 59 $72,691 $67,874 $140,565 INTERNET FE$ BE$ TOTAL NFVG 20 $26,781 $29,847 $56,628 UFVG 6 $14,236 $8,425 $22,661 TOTAL 26 $41,017 $38,272 $79,289
16. Our CRC Results CRC Expenses Net Income CRC EXPENSES Internet Leads $ 2,190 Website Fees www.rich-ford.com $ 901 richardsonfordsales.com www. Rich Ford.net www.Rich Ford NM.com autotrader.com $ 5,500 $ 8,591 Software Fees Know me/Visible Customer $ 3,100 Contact Management $ 1,930 LSI/Dealer Connection/Call Bright $ 1,092 Other Expenses Mail/Marketing $ 895 Office Supplies $ 675 KBB License $ 83 Google Adwords Online $ 5,047 Advantix Media (Website Placement) $ 1,000 ebay listing fees $ 402 Microsite Management (5 sites) CRC Salaries $ 14,349 CRC Bonuses $ 2,868 Salesperson Commissions $ 18,173 Total Expenses $ 58,205 Net Income $ 88,041
How can we take the concepts we created and put them into Practice? We created ownership by involving everyone in the process. Now we need to produce a working BDC...that works!
We reviewed what our goals were: Improved Results from defined Processes More loyalty from more consistent contact Better Tracking because WE’RE NOW DOING IT Better Follow Up because we have a reason to contact the customer...There is a benefit for the customer Long Term Relationships because we are now POSITIONAL SELLING.
Once goals are set, you can go about the business of creating: Find a PLACE that is convenient and suits YOUR needs. Find PEOPLE who will manage the activities daily and report the results WRITE DOWN the PROCESSES so everyone knows all parts of the puzzle. There are no secrets. It builds buy in and accountability Find Technology that will work for your processes, not the other way around.
When you choose technology, take into account: The Technology Provider...support and training will be your greatest concerns The Resources required to make the technology run...do you have high speed internet? Then thin client applications might work. Do you have new computers? Then loading applications to PC’s might be ok. How accessible is the technology to the salespeople The People who will use the technology.
The CRC becomes much more vital in a down market. How we use our information to know what to target and how to take action will