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when's the last time you went out and bought something that that you just had
to have something you were excited to buy, for some people it might be going
out and getting that new cell phone
it could be getting a new computer. For for my wife recently it was getting a
new grand cherokee
that was something that she really wanted, she was excited about getting a
new grand cherokee and and I remember us driving to the dealership and was kind
of funny because she was asking me questions about it
how's it Drive and what's the performance and what's the ride going to
be like compared to what she was currently driving and and it was pretty
cool she was excited about she was very emotional about getting it in a good way
in an excited way, and we get to the dealership and sales person finally
comes up and greets us and we have a little conversation and then salesperson
never really build any rapport got to know her, and just out of the blue says
well would you like to take the the grand cherokee for a drive? and the first
thing she says was, no. I'm thinking we just spent 25 minutes talking about
how excited you were to drive the grand cherokee all the way to the dealership
and now you say no.
so my job was to make sure she definitely drove that grand cherokee but
it's, I guess the most important thing to understand guys, is when people come
on our lot
they're emotional right some of it some of it could be fear some of its excitement
but we have to understand there's two parts of the emotion we have to deal
with, with customers, we have to deal with the emotional part of selling and we have to
deal with the logic part of selling because here's how it works...
think about a customer this way, right, we have the sales process and for all you
guys have been through class you understand when we talk about quadrant
1, that's the greeting the needs and analysis the trade walk, quadrant 2 is
doing the high-impact presentation demonstration quadrant 3 is closing and
overcoming objections, quadrant 4 is the negotiation
and then you have the delivery, right. So the customer comes on the lot, here's
what we know; their emotions are high, and my job is is to keep their
emotions as high as I can as long as I can, but we also have to deal with the
logical part of the deal.
so the customer comes on the lot, here's the customer there's somewhere
high on the emotional chart that customer comes in my job as a salesperson your
job as a sales person is to keep that customers emotions as high as I can as
long as I can, okay because eventually when i get to the negotiation that
customer then is going to become logical
that's just how we are. Once I sit down and start talking about numbers
it becomes a very logical decision we're looking at budget, we're looking at at
what their current payment is versus our old payment their down payment we're
looking at fuel economy insurance costs all those force that customer to become
logical which is perfectly normal and if i do a really good job at the
negotiation right, if I kept the customers emotion as high as I can as
long as I can, all the way through the sales process
I get to the negotiation do a great job here and delivery
the customer is as excited if not more excited than they ever will be in that
entire car deal
that's ideally what we're trying to accomplish with a customer
ok. Well, think about us as sales people where's our emotions typically?
I mean in real life aren't we are we pretty emotional creatures I mean sometimes our
emotions may be really high in a positive way it could be our emotions
are low in a negative way
whether you're having a good month or a bad month but typically our emotions as
salespeople they go right along this line here, and if you look at the chart
the biggest gap we run into is in quadrant four
in the negotiation is our biggest challenge and that's when you guys
really really really have to focus, because we got to understand the
customer's logical and at this point we're still emotional right we're still
emotionally and financially attached to the car deal
so if you can do a good job right here keep your emotions in check, your going
to have a good high quality successful win-win negotiation.
So this is ideal. What can happen?
What causes all this to go wrong? Well if you're not careful,
customer comes on a lot early on we started asking him questions:
How much you want to spend a month? How much down payment do you have? What kind
of budget you have? What do you owe on your trade? What's your credit like? and if
this, or or in our defense the customer will bring those up.
They'll ask us: What's the best deal, I've been on the internet? ...and it if you're
not careful, you start talking numbers you start talking price
so now think about this; customer is excited, they come on the lot
we start talking numbers, budget, payment.
What happens? Do the customers emotions go up or down? Doesn't it come down? And now
that customer early on first five or ten minutes of the deal,
now they're becoming logical. I'm forcing that customer to think about numbers
so now they're thinking about numbers, payment, down payment,
can they afford the car? Maybe they can, maybe they can't. And then my job as a
sales person what we have to do now is try to get their emotions back up. When
we do our high impact presentation and demonstration, and we know that we're
never going to get their emotions as high as they would have been,
and then we get back over to the negotiation, and the customer is never
happy and if you do make the deal when they take delivery, that's when they
say they felt really pressured in the negotiation.
Well they did because we artificially force these customers to negotiate twice
in the car deal.
it's this talking price early on. Taking the customers emotional state to be in
logical in the first 10 minutes or so when they get to the dealership, then
never being able to get that emotional peak back with that customer negotiating with
them again once
we get back from the demo if we actually went on the demo, and now the customer,
they're the ones that bury you on the CSI
so, it's look, if you want if you really want to increase sales, understand your
buyers. When they walk on the lot
don't let yourself fall into the trap of talking numbers of talking price of
making that customer become logical before they have to be.
Let's keep their emotions as high as we can as long as we can. When i get over
here to the negotiation,
now i need to make sure I control my emotions, because whoever cares least
about a deal wins.
Okay. I need to make sure I keep them in check I focused on the logic making it
makes sense why that customer needs to get this car.
They take delivery. That's when you make the most amount of money. That's when
you're going to have your best CSI. Which in the long run is going to give
you more repeat business, it's going to give you a referral business, and that's how
you become a top producer, a high volume, high grossing salesperson.
So the next time a customer walks on your lot, remember get their emotions as high as
you can as long as you can.
Don't force that customer to become logical until you get in the office.
Remember build value on your feet talk price on your seat.
Don't let your emotions take over the deal, and I promise, I promise you, this is how to be
more successful selling cars.