What is the difference between a satisfied customer and a loyal customer?
A few months ago, I was having an issue with my car. I took it to a shop that was just a few minutes away from our office. They fixed the issue, communicated with me promptly, and sent me on my way. It was a good experience. I was satisfied.
A few weeks later, I had another issue pop up and took my car back to the same shop. They called me with a quote that seemed a little high, so I did what anyone would do, I called my …Read More
With manufacturers jamming more and more dealers into a marketplace, your product lines are no longer a unique advantage. Big Box stores are now picking up lines of equipment that have in the past only been available at select dealerships. To set yourself apart from the business down the road, you can no longer rely on your brands. You have to work to create a unique experience that your competitors can’t easily duplicate.
1. Understand what makes you different and unique
People will pay more for what they perceive as different or unique. Why would a vase from the Ming Dynasty of China …Read More
An excerpt from Bob's upcoming book, "The 7 Principles of a High Performance Dealership".
Is your dealership bleeding? Is it a small cut or is it losing blood by the pint? Perhaps your business is on the brink of losing its life? I meet dealers across the country whose businesses are on the equivalent of life support – struggling each day to simply keep the doors of their business open. The names and locations of those dealers change, but the words they use to describe where they are at are universal. Anxious. Frustrated. Exhausted. Angry. Guilty. Worn out.
If you are among the …Read More
It’s the most wonderful time of the year … to be an employee, right?
Christmas Bonuses… What is an owner supposed to do about Christmas bonuses? This is a question that we are often asked around this time of the year, so let’s break down our point of view on Christmas bonuses.
First, we don’t do Christmas bonuses at BCI and it’s not because we are a bunch of scrooges. Instead, we have seen that incentives, often based upon performance, can be a great motivator throughout the year. Every employee should have a bonus plan built for their job role. We have …Read More
What does it mean for a company to operate lean and why does it matter? If a company is operating lean it means that the overhead a business has is as low as possible and it translates into cash in your pocket. Here are three ways to help your business operate lean - today!
Become obsessed about eliminating waste. Eliminate wasted supplies, wasted time, wasted movement; get rid of all the waste! Not only will this save you time and money, but it will give you and your employees a better environment to work in. Charge your employees to be …Read More
Sales – Objections and the Trial Close
Objections are a natural part of the selling process. I don’t care who you are or how good you are, objections are going to creep in at some point during your presentation. Think about it. All people tend to resist their point of view being changed. Even though they come into your dealership looking to make a purchase, there are still some that need to be convinced that making a new purchase is a good decision for them to make.
To determine where the customer is at in the process, we do what is called …Read More
Here is a riddle I would like for you to solve. What is the one thing you always think you have enough of, but always end up having too many? The answer? A parts person.
You know the drill during season. You have ten people standing in line at the parts counter, all the phones are ringing, a service tech is burning valuable time, and every one of them is waiting to get help from a parts person. Then, within 30 minutes, everyone is gone, and you have parts people hanging out with what appears to be little, if anything, to …Read More
Did you know that clothing, or more specific, uniforms in the workplace, have a much more powerful impact than you might first think? Fair or not, people judge businesses by what they see and that includes the appearance of our employees, including the way they are dressed. We all know it’s true, customers form opinions about us based on what we and the people who work at your dealership are wearing. We look at how people are dressed and decide if they are professional, organized, or concerned with the image they are presenting to the world. In our line of …Read More
Today, it makes no sense for a dealership to maintain a large parts inventory, or stock ten of the same item, because manufacturers have greatly improved their ability to get you the parts you need when you need them. Twenty years ago, it took almost 30 days to get a part, and now you can get a part delivered to you in one to four days. Think how that changes your approach to deciding on the number of any particular part item you should keep on hand. Twenty years ago, you may have had to carry eight different carburetors in …Read More
Years ago, all stores looked about the same, and customers didn’t have much of an opportunity to compare one to the other. In today's world, like it or not, the days of being just "okay" are over. Potential customers immediately make a decision to do business with you based upon the exterior of your dealership.
From the very beginning, it is important to make the experience with your dealership as painless as possible. This includes making sure your customers can see your store hours posted on your window from their car, and that your lot is properly lit. Based upon various studies conducted over the years, a little …Read More