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Training is By Far Your Highest ROI For
Your Dealership
Sean V. Bradley, CSP
Founder and President |Dealer Synergy | Audubon, NJ
(267) 319 - 6776 | seanb@dealersynergy.com
@seanvbradley
#NADASHOW
The views and opinions presented in this educational program and any
accompanying handout material are those of the speakers, and do not
necessarily represent the views or opinions of NADA. The speakers are not
NADA representatives, and their presence on the program is not a NADA
endorsement or sponsorship of the speaker or the speaker’s company,
product or services.
Nothing that is presented during this educational program is intended as legal
advice, and this program may not address all federal, state, or local
regulatory or other legal issues raised by the subject matter it addresses. The
purpose of the program is to help dealers improve the effectiveness of their
business practices. The information presented is also not intended to urge or
suggest that dealers adopt any specific practices or policies for their
dealerships, nor is it intended to encourage concerted action among
competitors or any other action on the part of dealers that would in any
manner fix or stabilize the price or any element of the price of any good or
service.
2
About Me
Founder & President
of Dealer Synergy.
Best Selling Author
“Win the Game of Googleopoly.”
8 Time Convention Speaker
at NADA / ATD.
3
About Me
25,000Automotive
Professionals & 1,100
Unique Rooftops Trained.
Over 18 years in the
Automotive Industry.
4
Current Situation Analysis
Dealers Have High Turnover
Total Dealership employee turnover
rate has now increased to
43%(source - NADA)
5
Current Situation Analysis
Dealers Have High Turnover
Turnover on the Showroom Floor
rate has now increased to
70+%(source - Automotive News)
6
Current Situation Analysis
Low Performing Sales Professionals
The median weekly earning
for dealership employees is
$1,035(source - NADA)
7
Current Situation Analysis
Unhappy and Underappreciated Workforce
High employee engagement is a result of how the
company is managed & employees are treated.
(source - Automotive News)
8
Current Situation Analysis
Low Online Reputation Scores
Positive Online Reviews are
SO IMPORTANT!
9
Current Situation Analysis
Minimal Usage of Technology (Like CRMS, etc…)
Only 44%of average dealers are properly
utilizing their CRM, with only an 11%reply rate
for emails sent through the CRM.
10
Current Situation Analysis
There is a large excess of
“Orphan Owners” in CRM / DMS!
11
Statistics - Automotive
70% Attrition Ratio
Plagued with Mediocrity
Average Dealership delivers 96 units
Average Salesperson delivers 9.6 units
12
The Biggest Time Wasters:
Gossip - 42%
The Internet - 39%
Social Media - 38%
Snack / Smoke Breaks - 27%
Noisy Coworkers - 24%
Meetings - 23%
Email - 23%
Co-workers dropping by - 23%
Cell Phone / Texting - 50%
Statistics - National Workforce
13
Dealers Spend a TREMENDOUS Amount on
Driving Traffic, but NOT NEARLY enough on
TRAINING their team!
14
The Average Dealership spends $64,000 per
month in Advertising or $640 per car sold in
Advertising!
15
The Average Dealership spends less than
$1,000 per month in training, which is also...
16
...less than $100 per Sales Consultant in
Training per month, or less than $10 per car sold
per month in Training.
17
“Training” Encompasses...
18
Onsite Training
Virtual / Video On Demand
Workshops / Conferences
OEM / Vendor Partner Training
What’s Worse?
Some Dealers don’t
even invest in THAT!
19
What’s Also Bad
The Dealers that DO invest that less than
$1,000 per month in training are investing in
BAD and/or ANTIQUATED Training!
20
Practice Does NOT Make
“Perfect”... Practice Makes
PERMANENT!
21
Typical Training for Sales Consultants
OEM Product Training
“Road to the Sale” Training
BASIC CRM Training
22
We assume they know everything. We
expect them to just magically be able to
do everything and do it commission
based…with no money upfront.
23
Managers run around saying “Car Sales”
is LIKE “Owning Your Own Business!”
BUT...
24
HOW is That Even Possible?
If we do not “TRAIN” Sales Consultants
on “How to be a Business Owner /
Entrepreneur?
25
What You Should Know
“The Secret” to Being An Entrepreneur is
MINDSET “The Laws of Attraction”
and SKILLSET - The “7 Habits of Highly Effective
People”and Time Management
26
What You Should Know
27
Projecting / Forecasting
The 8 Ways to Sell a Car
Value Package Proposition
28
What You Should Know
Dealership Information
Orientation
Employee Handbook
Mission/Vision Statement
Community Involvement
29
What You Should Know
Pay Plan
Dealership
Bonus / Spiffs
OEM Spins
OEM Incentives, Rebates, Programs, Specials
Inventory
New
Used
Unique
30
What You Should Know
Communication Resources / Types
Phone
Text
Email
Video
Conference
Text
Chat
Social Media
Chat
31
What You Should Know
Technology
Computers
Tablets/iPads
Search / Search Engines
Google
YouTube
Apple Siri
Amazon Alexa
Telephones / Headsets
32
What You Should Know
Technology
Typing
Spelling
Grammar
Chat
CRM
Ecosystem
Templates / Scripts
Action Plans / S.O.P.s
Taking Notes
33
What You Should Know
Technology
DMS
Dealer Website
Personal Website
Vendor Websites
Data / Equity Mining
OEM Technology
Hand-Raisers
34
What You Should Know
Technology
Video / Video Production
YouTube
SEO
Microsoft Office
Word
Excel
PowerPoint
35
What You Should Know
Technology
Online Reputation
Google Reviews
Video Testimonials
Yelp
Edmunds.com
Cars.com
Dealer Rater
36
What You Should Know
Technology
Social Media
Facebook
YouTube
LinkedIn
Instagram
Twitter
Pinterest
Social Media PAID Ads / Campaigns
37
What You Should Know
Personal Resources
Typing
Public Relations “PR” (Positive Propaganda)
Networking
Referral Generation
Prospecting
Speaking
Appearance / Hygiene
38
How do you organize ALL
OF THAT?
39
One Piece at a Time
How Do You Eat an Elephant?
(One Bite at a Time!)
Level 1: 0-3 Months
Level 2: 3-6 Months
Level 3: 6-12 Months
Level 4: 1-3 Years
40
One Piece at a Time
Define Your (Custom) Levels
Level 1 Level 2
Level 3 Level 4
1. What should they know?
2. What should they be able to do or
accomplish?
41
Create Certifications that
Correlate with the
PAY PLANS.
42
Use a Virtual Training Platform For Accountability
Training
Tracking
Testing
Certification
43
Use a Virtual Training Platform For Accountability
Customize The Virtual Training Platform With:
Your Dealerships Orientation
Employee Handbook
Sexual Harassment Compliance
Mission, Vision, Value and Social Responsibility
CUSTOM Curriculum Outlined in this Presentation
44
45
Basic Product Knowledge
Basic Road to the Sale
Basic CRM
What You ARE Doing What You SHOULD be
Doing
VS.
THANK YOU!
46
Questions
47
Training is By Far Your Highest ROI For
Your Dealership
Please visit the NADA Pavilion
in the Expo Hall for information
on accessing electronic versions
of this presentation and the
accompanying handout
materials, and to order the
education video recording.
@seanvbradley
#NADASHOW
Sean’s
Headshot
Here
Sean V. Bradley, CSP
Founder and President |Dealer Synergy | Audubon, NJ
(267) 319 - 6776 | seanb@dealersynergy.com

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Training is By Far Your Highest ROI for Your Dealership - NADA Show 2018

  • 1. Training is By Far Your Highest ROI For Your Dealership Sean V. Bradley, CSP Founder and President |Dealer Synergy | Audubon, NJ (267) 319 - 6776 | seanb@dealersynergy.com @seanvbradley #NADASHOW
  • 2. The views and opinions presented in this educational program and any accompanying handout material are those of the speakers, and do not necessarily represent the views or opinions of NADA. The speakers are not NADA representatives, and their presence on the program is not a NADA endorsement or sponsorship of the speaker or the speaker’s company, product or services. Nothing that is presented during this educational program is intended as legal advice, and this program may not address all federal, state, or local regulatory or other legal issues raised by the subject matter it addresses. The purpose of the program is to help dealers improve the effectiveness of their business practices. The information presented is also not intended to urge or suggest that dealers adopt any specific practices or policies for their dealerships, nor is it intended to encourage concerted action among competitors or any other action on the part of dealers that would in any manner fix or stabilize the price or any element of the price of any good or service. 2
  • 3. About Me Founder & President of Dealer Synergy. Best Selling Author “Win the Game of Googleopoly.” 8 Time Convention Speaker at NADA / ATD. 3
  • 4. About Me 25,000Automotive Professionals & 1,100 Unique Rooftops Trained. Over 18 years in the Automotive Industry. 4
  • 5. Current Situation Analysis Dealers Have High Turnover Total Dealership employee turnover rate has now increased to 43%(source - NADA) 5
  • 6. Current Situation Analysis Dealers Have High Turnover Turnover on the Showroom Floor rate has now increased to 70+%(source - Automotive News) 6
  • 7. Current Situation Analysis Low Performing Sales Professionals The median weekly earning for dealership employees is $1,035(source - NADA) 7
  • 8. Current Situation Analysis Unhappy and Underappreciated Workforce High employee engagement is a result of how the company is managed & employees are treated. (source - Automotive News) 8
  • 9. Current Situation Analysis Low Online Reputation Scores Positive Online Reviews are SO IMPORTANT! 9
  • 10. Current Situation Analysis Minimal Usage of Technology (Like CRMS, etc…) Only 44%of average dealers are properly utilizing their CRM, with only an 11%reply rate for emails sent through the CRM. 10
  • 11. Current Situation Analysis There is a large excess of “Orphan Owners” in CRM / DMS! 11
  • 12. Statistics - Automotive 70% Attrition Ratio Plagued with Mediocrity Average Dealership delivers 96 units Average Salesperson delivers 9.6 units 12
  • 13. The Biggest Time Wasters: Gossip - 42% The Internet - 39% Social Media - 38% Snack / Smoke Breaks - 27% Noisy Coworkers - 24% Meetings - 23% Email - 23% Co-workers dropping by - 23% Cell Phone / Texting - 50% Statistics - National Workforce 13
  • 14. Dealers Spend a TREMENDOUS Amount on Driving Traffic, but NOT NEARLY enough on TRAINING their team! 14
  • 15. The Average Dealership spends $64,000 per month in Advertising or $640 per car sold in Advertising! 15
  • 16. The Average Dealership spends less than $1,000 per month in training, which is also... 16
  • 17. ...less than $100 per Sales Consultant in Training per month, or less than $10 per car sold per month in Training. 17
  • 18. “Training” Encompasses... 18 Onsite Training Virtual / Video On Demand Workshops / Conferences OEM / Vendor Partner Training
  • 19. What’s Worse? Some Dealers don’t even invest in THAT! 19
  • 20. What’s Also Bad The Dealers that DO invest that less than $1,000 per month in training are investing in BAD and/or ANTIQUATED Training! 20
  • 21. Practice Does NOT Make “Perfect”... Practice Makes PERMANENT! 21
  • 22. Typical Training for Sales Consultants OEM Product Training “Road to the Sale” Training BASIC CRM Training 22
  • 23. We assume they know everything. We expect them to just magically be able to do everything and do it commission based…with no money upfront. 23
  • 24. Managers run around saying “Car Sales” is LIKE “Owning Your Own Business!” BUT... 24
  • 25. HOW is That Even Possible? If we do not “TRAIN” Sales Consultants on “How to be a Business Owner / Entrepreneur? 25
  • 26. What You Should Know “The Secret” to Being An Entrepreneur is MINDSET “The Laws of Attraction” and SKILLSET - The “7 Habits of Highly Effective People”and Time Management 26
  • 27. What You Should Know 27 Projecting / Forecasting The 8 Ways to Sell a Car
  • 29. What You Should Know Dealership Information Orientation Employee Handbook Mission/Vision Statement Community Involvement 29
  • 30. What You Should Know Pay Plan Dealership Bonus / Spiffs OEM Spins OEM Incentives, Rebates, Programs, Specials Inventory New Used Unique 30
  • 31. What You Should Know Communication Resources / Types Phone Text Email Video Conference Text Chat Social Media Chat 31
  • 32. What You Should Know Technology Computers Tablets/iPads Search / Search Engines Google YouTube Apple Siri Amazon Alexa Telephones / Headsets 32
  • 33. What You Should Know Technology Typing Spelling Grammar Chat CRM Ecosystem Templates / Scripts Action Plans / S.O.P.s Taking Notes 33
  • 34. What You Should Know Technology DMS Dealer Website Personal Website Vendor Websites Data / Equity Mining OEM Technology Hand-Raisers 34
  • 35. What You Should Know Technology Video / Video Production YouTube SEO Microsoft Office Word Excel PowerPoint 35
  • 36. What You Should Know Technology Online Reputation Google Reviews Video Testimonials Yelp Edmunds.com Cars.com Dealer Rater 36
  • 37. What You Should Know Technology Social Media Facebook YouTube LinkedIn Instagram Twitter Pinterest Social Media PAID Ads / Campaigns 37
  • 38. What You Should Know Personal Resources Typing Public Relations “PR” (Positive Propaganda) Networking Referral Generation Prospecting Speaking Appearance / Hygiene 38
  • 39. How do you organize ALL OF THAT? 39
  • 40. One Piece at a Time How Do You Eat an Elephant? (One Bite at a Time!) Level 1: 0-3 Months Level 2: 3-6 Months Level 3: 6-12 Months Level 4: 1-3 Years 40
  • 41. One Piece at a Time Define Your (Custom) Levels Level 1 Level 2 Level 3 Level 4 1. What should they know? 2. What should they be able to do or accomplish? 41
  • 42. Create Certifications that Correlate with the PAY PLANS. 42
  • 43. Use a Virtual Training Platform For Accountability Training Tracking Testing Certification 43
  • 44. Use a Virtual Training Platform For Accountability Customize The Virtual Training Platform With: Your Dealerships Orientation Employee Handbook Sexual Harassment Compliance Mission, Vision, Value and Social Responsibility CUSTOM Curriculum Outlined in this Presentation 44
  • 45. 45 Basic Product Knowledge Basic Road to the Sale Basic CRM What You ARE Doing What You SHOULD be Doing VS.
  • 48. Training is By Far Your Highest ROI For Your Dealership Please visit the NADA Pavilion in the Expo Hall for information on accessing electronic versions of this presentation and the accompanying handout materials, and to order the education video recording. @seanvbradley #NADASHOW Sean’s Headshot Here Sean V. Bradley, CSP Founder and President |Dealer Synergy | Audubon, NJ (267) 319 - 6776 | seanb@dealersynergy.com