Our proposed 3-Step strategy on how you can improve your lead conversion and increase your sales
In the evolving automotive sales landscape, this report focuses on assessing current dealership operations associated with inbound call and internet form leads.
This report acts as a manual for automotive managers to locate areas of inefficiency and what to do to introduce best practices in their sales teams.
Lead Source Visibility
Since call-in leads close 2.5X higher than internet leads it is essential to know where they are coming from to invest in attracting more.
Lead Volume Visibility
Knowing the volume of leads a marketing source is generating helps you make better investment decisions on where best to spend your Marketing budget.
Lead Conversion Visibility
By measuring your lead source conversion you can better understand where the best quality leads are coming from and adjust your budget accordingly.
Missed Lead Visibility
When you have visibility of missed leads/calls you provide the dealership with the platform to bring missed opportunities back into the dealership.
Lead Management System
With an effective Leads Management System, you should be able to automate processes and centrally capture your client information to improve your capability to convert more leads.
Lead Distribution
When a prospect calls, to give yourself the best chance to convert them you need to get them in contact with a salesperson as quickly as possible.
Lead Capture
When call-in leads are automatically captured you guarantee that all leads are accounted for and that visibility is given to the managers who can question the status to help convert more leads.
Speed to Lead
The quicker you can get your prospect to speak to a Sales Executive the lower the chance they will drop off the call. This results in higher conversion rates.
Conversation Oversight
With the ability to listen to sales call recordings or listen in on calls it is possible to identify where Sales Executives are going wrong, provide the relevant coaching and save missed deals.
Lead Source Visibility
Knowing where your leads come from gives you the ability focus your budget, allowing for a better Return-on-Marketing Investment.
Lead Volume Visibility
With a precise figure of total leads generated it becomes easy to calculate the investment needed to sell a vehicle.
Lead Conversion Visibility
Measuring your lead source conversion you can better understand where the best quality leads are coming from and adjust your budget accordingly.
Missed Lead Visibility
Knowing how many leads were not contacted allows you to keep sales teams accountable for the leads allocated to them. This allows the dealership to capitalise on every possible lead.
Lead Management System
With an effective Leads Management System, you should be able to automate processes and centrally capture your client information to improve your capability to convert more leads.
Lead Distribution
Average dealers take 4 hours to respond to internet leads. The faster your sales executive can engage with the prospect the better chance they have to convert them.
Lead Capture
When leads are automatically captured you guarantee that all leads are accounted for and that visibility is given to the managers who can question the status to help convert more leads.
Speed to Lead
When you automate the process to connect to your prospect as quickly as possible, you increase your chances of converting a sale. Strike while the iron is hot!
Conversation Oversight
Managing the closed reasons allows management to identify leads that were closed early which could present opportunities to re-engage with a prospect and allow additional revenue.
Lead Recycling
With the ability to listen to sales call recordings or listen in on calls it is possible to identify where Sales Executives are going wrong, provide the relevant coaching and save missed deals.
Allow you to automatically and immediately call your internet leads back. Sales Executives will hear all the relevant details of the lead before the call is connected with the prospect giving them them enough context to immediately start with the sales journey. *Requires a supported Lead Management System
With Click to Call you can record all outbound sales calls, allowing you listen how well you team are dealing with prospects.
In addition to tracking numbers you can then have all inbound and outbound call recordings on one place.
Three focus areas that will improve your lead management and convert more sales.
Skills to grow
0.125 | Metrics to measure
0.5001 | Processes to follow
0.7999999999999999 |
Sales Training | Training your team in best practice sales behaviours will allow you to increase their skills and positively influence their ability to close more sales. In particular, if you increase their ability to book more test drives you will increase sales. |
Call Evaluations | Introducing Deal Catcher will allow you to catch deals that were missed by a Sales Executive. With-in 30 min of a call, a notification is sent by our call analysts when they identify an opportunity that was missed, so you can bring those opportunities back into the dealership. |
Lead Management System | By Implementing an effective Leads Management System (LMS), you centralise the management of all leads. When choosing an LMS it's important that it automates processes to give speed to contacting a prospect, with all the relevant metrics to allow for better decisions and leads management. |