- Apr 28, 2009
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- Jerry
So basically what you''re saying Ryan, the more leads they get the tougher it gets to make videos. Let's do the math. A dealership gets 300 leads spread amongst 3 reps. They do personalized videos and close at a 20% rate resulting in 60 sales. Lead count is now 600 per month and because it has gone up, the reps don't have time to make the videos. The close rate now drops to 15% and the dealership is now selling 90 cars a month from Internet leads.
I would not suggest my team make videos, I would demand it. I would also hire three more people and get the close rate back to 20% thus my Internet sales total 120 per month.
Now if every dealership were doing this it would be tough to maintain a 20% close rate. Since very few do this, it's easy to see why a person would be successful doing this. When the day comes that everyone is doing video, well then those who want to separate from the pack will have to come up with a better way to engage customers. Until then make videos!
Do the things that others won't and you'll have the things that others don't!
I would not suggest my team make videos, I would demand it. I would also hire three more people and get the close rate back to 20% thus my Internet sales total 120 per month.
Now if every dealership were doing this it would be tough to maintain a 20% close rate. Since very few do this, it's easy to see why a person would be successful doing this. When the day comes that everyone is doing video, well then those who want to separate from the pack will have to come up with a better way to engage customers. Until then make videos!
Do the things that others won't and you'll have the things that others don't!