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Transcript of Paul Sansone JR
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Relationship Selling
Paul Sansone Jr.Dealer Principal of Sansone Jr’s 66 Automall
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Paul Sansone Jr. Paul has been a dealer since 1985. He was
Director of Operations at Sansone Auto Network, a 26-acre complex including Toyota, Nissan, Hyundai, Mazda, Suzuki, and Lincoln Mercury from 1995 to 2009, and grew the dealership from 4,500 to 10,000 sales per year. Paul was also on the National Dealer Council for Mazda for 3 years including 2 years as President (1997-2001). Since 2009, Paul is the owner of Sansone Jr’s 66 Automall, which includes Nissan, Kia, Suzuki as well as an on-site accessory center, 66MVP. In 2010, Paul formed The PMB Group, a firm specializing in dealer-focused products and services.
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Relationship Selling
Make the Numbers Work for You
By Paul Sansone JrDealer Principal
Sansone Jr’s 66 AutomallNeptune, New Jersey
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Relationship Selling: Make the Numbers Work for You
Lead Source Closing Ratio
First Time Ups 9%
Internet Leads 10%
Be Backs 67%
Repeat Buyers 60%
ReferralsFriends, Family, Networking
55%
Source: Car-Statistics
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Friends, Family, Networking
Who is Your Most Desirable Lead & Who Will Generate the Highest Gross Per Car?
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Relationship Selling: Make the Numbers Work for You
Lead Source Closing Ratio
First Time Ups 9%
Internet Leads 10%
Be Backs 67%
Repeat Buyers 60%
ReferralsFriends, Family, Networking
55%
Source: Car-Statistics
Relationship Selling:
Best Results
Most advertising dollars are focused on
these
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Unbalanced
• Lowest Closing Rate
• Lowest Gross Profit
• More Manpower Hours Needed
Lead Sources
Price Driven Relationship Motivated
Internet
Direct Mail
Television
Radio
Be Backs
Previous Buyers
Price or Offer Motivated
Referrals
Newspapers
What’s Your
Game Plan?
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We Need to Focus on Balance
Price or Offer Motivated
Relationship Motivated
Be Backs
Previous Buyers
Networking
Referrals
Internet
Direct Mail
Radio & Television
Newspaper
• Higher Closing Rate
• Higher Gross• Higher CSI
Lead Sources
Price or Offer Motivated
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Math discussionLead Source What is the average
cost per car for each media?
What percentage of your business comes
from…Internet
Direct Mail
Television
Newspaper
Radio
Be Backs
Previous Buyers
Networking
Referrals
If you don’t know, you can’t manage.
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Choice of Advertising Dollars
Purchase 150 Internet Leads @ $20 each $3000
Closing Rate 10% = 15 deals
Gross per car @ $______________________
Manpower (Full time person can effectively handle 150-200 Internet leads each month)
$______________________
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Salesperson Responsibilities: 1980
Salesperson
Met & Greeted Customers
Took Customers on Test Drive
Managed Negotiations
Delivered Vehicles
Followed Up on Unsold Showroom Traffic
Networked
Built Referral Base
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Salesperson
Meet & Greet Customers
Take Customers on Test Drive
Delivery?
Salesperson Responsibilities: Today
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Previous Buyer-Be Back Retention Products
• Data Mining including equity, end of term/lease, lower your payments
• Website Chat• CRM Tool• Content Management• Mobile Marketing: Text and QR Codes• Call Tracking• Trade-In Appraisals
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Make Referrals and Networking a Bigger Part of Your Business
• 30% of purchasers have a family member who plan to buy a new or used car within 90 days
• 60% of purchasers know someone who will buy within 60 days• 71% buy because they like their salesperson• 40% higher gross on repeats and referrals
Source: Earn Over $100,000 Selling Cars – Every Year by Joe Verde
• Local community events: Hope for a Ride• Large buying programs for local businesses: example, Jersey Shore
Premium Outlets• Contact local organizations like PBAs
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Organic Growth Stems from Salesperson
Salesperson
Neighbor
RA2
RA Significant Other
Service Advisor
SiblingChildrenFriend
Satisfied Customer
RA2RA2
RA2RA2
RA2
RA2
RA2
RA2
RA2
RA2
RA2RA2
RA2
RA2
RA2RA2
RA2
RA2
RA2
RA2
Give sales the tools to build their own business within my business
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My Dealership Has the Tool to Make Networking EZ
• At my dealership, I developed and launched a product called EZ Referral Network* to make relationship selling EASY.
• Through the use of today’s technology the EZ Referral Network allows a dealer/salesperson to easily build a vibrant and active referral network– Smart Phone Web-Based Application– Personalized Websites, Mobile Websites, QR Codes and SMS Text
Codes – Mobile Wallet**
– Prepaid Debit Card*/Electronic Payment
*Patent pending
*Cards are issued by Citibank, N.A. pursuant to a license from Visa U.S.A. Inc.
and managed by Citi Prepaid Services. This card can be used everywhere Visa debit
cards are accepted.
My dealership has 1600 Referral Agents!
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Salesperson
Referral Agent
Customer
BDC/ Dealership CRM
EZ Referral Network is a systematic way to: Get Referrals Track Referrals Pay Referrals
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6 Months Results
• EZ Referral Network results at Sansone Jr’s 66 Automall:– 118 Deals @ $2400 gross = $283,200– 40% of all leads delivered– 1300 Referral Agents– Overall Business= +10%– August= +23%– Nissan Ranking 114 of 245 to 83 of 245
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Nissan Motor Company Dealer Rejecter Study Report
February 2012 – July 2012
• 245 northeastern Nissan dealers• 11 Nissan dealers in district
Question: Why did Local Nissan purchasers not shop Sansone Jr’s 66 Nissan?
Question: Those customers who purchased from Sansone Jr’s 66 Nissan: How is it that you became aware of this dealership?
Nissan rankings :August year to date 2011, we were 118 out of 245 in the northeast region. In August 2012 alone we were 83 out of 245, which is a 30% increase.
District Rank Region
Avoided Dealership 51.2% 11 239
Rep’s comment: Acquired dealership in Dec 2009/ Prior dealer reputation
District Rank RegionRecommended by Friend or Family
29.6% 1 42
Rep’s Comment: Far above average; EZ Referral in action
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Fundraising
• Organization signs up members• Members refer customer
• Members can earn $100 for every customer• Organization can earn $50 for that same customer
Salesperson belongs to organization
Organizations sign up their members and receive $50
Members can refer customers and receive $100Customers
Organization
Organizations: Millstone Elks BPOE 2613, Lighthouse of Deliverance, Jersey Shore Premium Outlets, First French Speaking Baptist Church, Word of God Church of FaithNew Jersey PBA Local 57, New Jersey PBA Local 251, New Jersey PBA Local 305, First Pentecostal, Family Promise of Monmouth County
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Relationship Selling
Make the Math for You!