Accountability: The Missing Link Between Process and ROI

by Josh Vajda, Director of Inside Sales 3. April 2013 09:53

I’d like to think that by now most dealerships have a written Internet sales process to handle Internet leads effectively. As the documented, researched and confirmed driver of “lead quality,” an established process is the key to obtaining a maximum ROI from Internet leads. Though many dealers are allocating a substantial portion of their marketing budget to attract Internet leads, many are still not achieving the recommended minimum of five times their ROI on those dollars spent, even with a “good process”. Why not?

 

Very often, accountability is the missing link between a written process and lack of desired ROI. How easy is it for an Internet salesperson to check off tasks as completed when they are not, or to say “I’ve tried calling that person three times and they haven’t called me back. What’s the point?” A good process that isn’t followed is the same as having no process at all—both salespeople and managers must be held accountable to following that process.

 

Here are a few tips to help weave accountability into your processes:

 

Does Your Team Own It? Accountability is about ownership – do your salespeople own the process? Ownership means more than just knowledge of the process, it’s belief in the process and its consistent execution. As a manager, if you want to hold people accountable you have to reinforce WHY they should be following the process and instill the belief that their personal results will improve. Call out individual successes that reinforce that following the process yields personal returns.

 

Review the Internet Sales Process.  Does it mirror the showroom sales process? In the showroom process, there’s always room for interaction with management. Salespeople have check points throughout process; the test drive, desk log and the write-up. In many stores, managers walk the lot and showroom and inject themselves in the process to ensure everything stays on track. Is management involved throughout your Internet sales process, only at the end, or not at all? Create availability of management to the Internet team and reinforce the need for manager involvement.

 

Openness and Competition. Nothing breeds accountability like visibility. Show the whole team where all of them rank in your key performance areas and include the steps of the sale (i.e. contact rate, appointment rate, show rate), not just sales volume. Regularly review team results in a group, calling out the best at execution, and schedule individual meetings for coaching and personal accountability.

 

What are your tips for improving accountability? What tips do you have for managers and for salespeople? 

To Pre-Qualify or Not to Pre-Qualify Internet Customers?

by Admin 13. March 2013 11:09
Since more than 80% of your customers are likely to finance or lease a vehicle, when is the right time to bring up this potentially touchy subject? Is it better to pre-qualify or not to pre-qualify your Internet leads? Josh Vajda, Director of Inside Sales for AutoUSA, shares some tips. www.autousadealers.com

Are 25% of Your Showroom Customers Being Ignored?

by Admin 19. June 2012 10:43
Josh Vajda compares salespeoples' lack of response to Internet leads with ignoring showroom customers, and gives three tips to ensure your Internet customers don't get ignored.

Three Best Practices for Turning Internet Leads Into Shows

by Admin 11. April 2012 08:59
Josh Vajda, Director of Inside Sales at AutoUSA, shares tips on how dealerships can turn more leads into shows.

Putting the Band Back Together

by Mike Shawd, Vice President, Sales 16. February 2012 10:28

That’s what I heard most at NADA 2012. Dealers are re-building their Internet marketing departments and they’re pretty excited about it. For the first time in years, many dealers are hiring additional staff to help with increased Internet leads and increased sales. Yet they are doing so cautiously, and from what I heard seem to be focused on the following three areas:

Return-On-Investment (ROI): Many dealers were at NADA to learn about all the new tools and technologies available to them for helping drive in-market customers to their dealership. But they also want to know the ROI for the various solutions, and many people I spoke with says it all boils down to cost-per-sale (CPS).  The good news is most of today’s technologies do provide a measurable ROI. For instance, one of our customers using a gift card to incent customers into the showroom generates a lead-to-show rate of 35% and a 59% conversion rate with an average CPS of less than $100. Vendors should be able to provide dealers with similar ROI statistics for all their products.

Process Improvement: It’s always a challenge to find good staff, but it’s possible to turn average salespeople into great salespeople with continual process training. Whether a dealer gets leads from their web site, from independent lead providers or from the manufacturer, any lead is only as good as the people and process working it. After all, it’s not rocket science is it? Follow up quickly with a personalized response, provide good customer service, listen, give pricing if asked, etc. The real challenge here is the time it takes to properly follow up all the leads that are coming in. But fortunately, new tools such as an automated virtual assistant (AVA) can help fill the gaps in any sales department by engaging every lead until they are ready to be handed over to the salespeople, as well as re-engaging older leads.

Social Media: Many dealers still aren’t quite sure how to approach social media. The consensus is that it’s best not to use it as a selling platform, and should be used to bring potential customers down-funnel. But why not leverage social media platforms to attract in-market customers as well? Posting inventory on a Facebook page is a great way to engage people interested in buying  (creating a separate tab so as not to alienate the more casual visitors). Creating the right balance with messaging is key as being too pushy is a turn-off for many consumers, and especially the younger ones who are most active in social media.

Overall, it’s an exciting time to be an Internet Sales Manager and sales predictions for 2012 promise a rewarding year for auto dealers. But the more things change, the more they stay the same. Using tools and technologies can definitely make the sales process more efficient, but the best tools in the world will never replace the final interaction between salesperson and customer, and the basic selling skills required to make that transaction a successful one.

As an Internet Sales Manager who may be in the process of “putting your band back together,” what are your biggest concerns and what are you most excited about?

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