ATTRACT INTERACT RESPOND SELL SERVICE RETAIN Courtesy Chevrolet Internet Sales Team  03/16/06 Weekly Strategy & Tactics Meeting
www.PHXChevrolet.com
www.Courtesy-Chevrolet-Phoenix.com
www.PHXChevrolet.com
www.PHXChevrolet.com
 
 
 
 
How much impact does  “ What ”  an Internet Sales Specialists does have on whether or not the lead is sold?  How much  are results effected by  “ When ”  you do it? Two critical sales closing factors: Timing Effects Sales Results ISS Lead Response Attributes Response Time & Content
A: Increasing Closing Ratios is not  “Just About”  Response Times… Q: Why the variations?
*Survey Participants who Purchased a Vehicle were identified via RDR data cross reference and matching with Internet Lead Data Recent Marketing research (Q1, 2005) confirms the Lead Management  Practices collected during “Best In Class” Dealer Benchmark studies. How to sell more vehicles to customers that submit Internet leads…  Without relying on opinions or seat of the pants management! #4 #3 #2 #1 Top 4 Ways to Close More Sales to Leads Received 11 27% 17% Make Direct Phone Contact with Customer  (after sending Email w/availability & prices) 9 27% 20% Send Price Quotes by Email to Customer 5 25% 21% Contact Customer more than once by Email  and  Telephone  (within First 24 Hours) 3 24% 21% Make sure Customers are either  Completely  or  Very Satisfied  with the Lead Response Statistical Correlation Factor of Response attribute with Vehicle Purchase % of Purchase* among the Leads who  DID Experience  the attribute Purchase Respondents* who  DID NOT  experience the attribute Dealer Response Attributes Experienced by Customers  within 24 hours  of Submitting an Inquiry (Lead)
5 Lead Management Activities that Drive  Lead-to-Sales conversion at  400%  higher rate* Consumer received price quote(s) by email within first 24 hours Direct customer phone contact made by Salesperson within first 24 hours Salesperson confirmed availability of multiple vehicles within first 24 hours Salesperson showed genuine interest  Customer contacted more than once within first 24 hours *Source: Morpace 24 hour survey and RDR sales Data (new 2005 study reconfirms close ratio impact factors)
Lead-to-Sales Closing Rate Improvement Action Items Courtesy LMP Review Survey customers who didn’t purchase Review Lead Management Tool for a   sampling of previous responses  Score first personalized responses using   the eBusiness Evaluation System
 
Sold Leads – First Response Examples
Sold Leads – First Response Examples
Sold Leads – First Response Examples
Actual Leads – First Response Examples Pay attention to details in outbound emails before hitting the “Send” button!!! Pay attention to details in outbound emails before hitting the “Send” button!!!
New Autoresponse validates customer contact info and seeks corrections
New Autoresponse invites customer to visit CourtesyChev.com by providing direct links to specific sections of value
 
 
 
 
3 Phone Numbers!  (Work/Home/Cell)  How important are Phone #’s???
Automated Email Reply acknowledging receipt – Verify Customer Contact Info & ask for more  Personalized Email  within 20 minutes  of business day that provides price quotes on 4 vehicles and sets stage for a follow-up telephone call within 15 minutes First Phone Call to customer: verify receipt of email and schedule a demo/test drive appointment Appointment Confirmation by Email  and   Telephone Instruct customer to check in at reception desk, ASM reviews agenda upon customer arrival, introduces ISS who sells & delivers the vehicle  Follow-up Email that sets the stage for referrals and additional business, to be routed to ISS who sold car Lead Management PROCESS 101
First Call  After  Sending Personalized Email Verify customer has received the email with price quotes on 4 vehicles.  If relevant, obtain customer’s “REAL” email address and schedule a  follow-up call after re-sending quotes to new email address (work) Establish what is most important to your customer by following the Courtesy Chevrolet Internet Price-Quote Follow-up word track Set the stage for your Customer’s expectations…  Create a buying “Plan” during the conversation  Schedule appointment for a vehicle presentation  and test drive at dealership or customer’s location Follow-up with email confirmation of appointment Prepare for appointment by locating vehicle(s) and ensuring their availability for demo drive Purpose: New Lead Phone Follow-up
Telephone Process 85% of Web visitors who contact the dealership before coming into the showroom, use the phone Direct Phone contact (after responding to an Internet lead by email), has the greatest impact on increasing sales closing ratios  Phone Follow-Up Sales Strategy (FUSS): Focus on having a set of objectives in front of us, each time we make an email follow-up call Word Track Forms (scripts) are used for training and collecting customer information during each call that is made immediately after sending personalized email response
… The Bottom Line Customer has spent up to 6 hours in researching a vehicle online before sending us a lead  Selected Courtesy Chevrolet as their dealer Requested a price quote on a vehicle They are much likely to buy from Courtesy if you… Respond quickly –  without “fluff and puff” Confirm vehicle availability –  with alternatives   Provide a fair price quote –  multiple vehicles Contact them by phone –  verify receipt of email
Vehicle Shopper Behavioral Profiles ¹ 1 Profile Index of 100 equates to the industry average Internet Users (IU) Non-Internet Shoppers (NIS) Non-Internet Users (NIU) Time Investors 137 37 50 Product Experts 113 76 85 Price Sensitive 112 73 91 Dealerphobes 112 89 74 Empowered Negotiators 100 96 103
Managing Your Assigned Leads;    New Leads / Not Yet Responded
Managing Your Assigned Leads;    Emails Received / Not Yet Responded
Managing Your Assigned Leads;  Scheduled Telephone Appointments / Completed
Proactive  Sales Lead  Management Responsibility Dormant Leads
Courtesy Chevrolet Lead Management Process (LMP): Automated Reply w/Info Validation Request First Email w/Price Quotes on 4 Vehicles Phone follow-up to verify receipt of email…    and to get a demo/test drive appointment! Email Confirmation when Voicemail is left Get second email address during phone call Outbound Follow-up Calls made by BDC Inbound eSales Calls handled by BDC Appointment Reception sets stage for the Sale

85 lmp dealership-implementation

  • 1.
    ATTRACT INTERACT RESPONDSELL SERVICE RETAIN Courtesy Chevrolet Internet Sales Team 03/16/06 Weekly Strategy & Tactics Meeting
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
    How much impactdoes “ What ” an Internet Sales Specialists does have on whether or not the lead is sold? How much are results effected by “ When ” you do it? Two critical sales closing factors: Timing Effects Sales Results ISS Lead Response Attributes Response Time & Content
  • 11.
    A: Increasing ClosingRatios is not “Just About” Response Times… Q: Why the variations?
  • 12.
    *Survey Participants whoPurchased a Vehicle were identified via RDR data cross reference and matching with Internet Lead Data Recent Marketing research (Q1, 2005) confirms the Lead Management Practices collected during “Best In Class” Dealer Benchmark studies. How to sell more vehicles to customers that submit Internet leads… Without relying on opinions or seat of the pants management! #4 #3 #2 #1 Top 4 Ways to Close More Sales to Leads Received 11 27% 17% Make Direct Phone Contact with Customer (after sending Email w/availability & prices) 9 27% 20% Send Price Quotes by Email to Customer 5 25% 21% Contact Customer more than once by Email and Telephone (within First 24 Hours) 3 24% 21% Make sure Customers are either Completely or Very Satisfied with the Lead Response Statistical Correlation Factor of Response attribute with Vehicle Purchase % of Purchase* among the Leads who DID Experience the attribute Purchase Respondents* who DID NOT experience the attribute Dealer Response Attributes Experienced by Customers within 24 hours of Submitting an Inquiry (Lead)
  • 13.
    5 Lead ManagementActivities that Drive Lead-to-Sales conversion at 400% higher rate* Consumer received price quote(s) by email within first 24 hours Direct customer phone contact made by Salesperson within first 24 hours Salesperson confirmed availability of multiple vehicles within first 24 hours Salesperson showed genuine interest Customer contacted more than once within first 24 hours *Source: Morpace 24 hour survey and RDR sales Data (new 2005 study reconfirms close ratio impact factors)
  • 14.
    Lead-to-Sales Closing RateImprovement Action Items Courtesy LMP Review Survey customers who didn’t purchase Review Lead Management Tool for a sampling of previous responses Score first personalized responses using the eBusiness Evaluation System
  • 15.
  • 16.
    Sold Leads –First Response Examples
  • 17.
    Sold Leads –First Response Examples
  • 18.
    Sold Leads –First Response Examples
  • 19.
    Actual Leads –First Response Examples Pay attention to details in outbound emails before hitting the “Send” button!!! Pay attention to details in outbound emails before hitting the “Send” button!!!
  • 20.
    New Autoresponse validatescustomer contact info and seeks corrections
  • 21.
    New Autoresponse invitescustomer to visit CourtesyChev.com by providing direct links to specific sections of value
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
    3 Phone Numbers! (Work/Home/Cell) How important are Phone #’s???
  • 27.
    Automated Email Replyacknowledging receipt – Verify Customer Contact Info & ask for more Personalized Email within 20 minutes of business day that provides price quotes on 4 vehicles and sets stage for a follow-up telephone call within 15 minutes First Phone Call to customer: verify receipt of email and schedule a demo/test drive appointment Appointment Confirmation by Email and Telephone Instruct customer to check in at reception desk, ASM reviews agenda upon customer arrival, introduces ISS who sells & delivers the vehicle Follow-up Email that sets the stage for referrals and additional business, to be routed to ISS who sold car Lead Management PROCESS 101
  • 28.
    First Call After Sending Personalized Email Verify customer has received the email with price quotes on 4 vehicles. If relevant, obtain customer’s “REAL” email address and schedule a follow-up call after re-sending quotes to new email address (work) Establish what is most important to your customer by following the Courtesy Chevrolet Internet Price-Quote Follow-up word track Set the stage for your Customer’s expectations… Create a buying “Plan” during the conversation Schedule appointment for a vehicle presentation and test drive at dealership or customer’s location Follow-up with email confirmation of appointment Prepare for appointment by locating vehicle(s) and ensuring their availability for demo drive Purpose: New Lead Phone Follow-up
  • 29.
    Telephone Process 85%of Web visitors who contact the dealership before coming into the showroom, use the phone Direct Phone contact (after responding to an Internet lead by email), has the greatest impact on increasing sales closing ratios Phone Follow-Up Sales Strategy (FUSS): Focus on having a set of objectives in front of us, each time we make an email follow-up call Word Track Forms (scripts) are used for training and collecting customer information during each call that is made immediately after sending personalized email response
  • 30.
    … The BottomLine Customer has spent up to 6 hours in researching a vehicle online before sending us a lead Selected Courtesy Chevrolet as their dealer Requested a price quote on a vehicle They are much likely to buy from Courtesy if you… Respond quickly – without “fluff and puff” Confirm vehicle availability – with alternatives Provide a fair price quote – multiple vehicles Contact them by phone – verify receipt of email
  • 31.
    Vehicle Shopper BehavioralProfiles ¹ 1 Profile Index of 100 equates to the industry average Internet Users (IU) Non-Internet Shoppers (NIS) Non-Internet Users (NIU) Time Investors 137 37 50 Product Experts 113 76 85 Price Sensitive 112 73 91 Dealerphobes 112 89 74 Empowered Negotiators 100 96 103
  • 32.
    Managing Your AssignedLeads; New Leads / Not Yet Responded
  • 33.
    Managing Your AssignedLeads; Emails Received / Not Yet Responded
  • 34.
    Managing Your AssignedLeads; Scheduled Telephone Appointments / Completed
  • 35.
    Proactive SalesLead Management Responsibility Dormant Leads
  • 36.
    Courtesy Chevrolet LeadManagement Process (LMP): Automated Reply w/Info Validation Request First Email w/Price Quotes on 4 Vehicles Phone follow-up to verify receipt of email… and to get a demo/test drive appointment! Email Confirmation when Voicemail is left Get second email address during phone call Outbound Follow-up Calls made by BDC Inbound eSales Calls handled by BDC Appointment Reception sets stage for the Sale