I Don’t Have The Money!
By Eric Twiggs
"Sales
are contingent upon the attitude of the salesman - not the attitude of the
prospect" - W. Clement Stone
My client Mac, a former police officer, recently told
me the following story from his days on the force: One night while out on
the beat, he pulled over a young man named Rick for driving without his lights
on. Mac checked his record and discovered
that Rick had over $3,500 in outstanding warrants.
“I don't have
the money!” replied the scared suspect. Mac arrested
him and took him to the precinct. The next day, Rick was scheduled
for his day in court. He met with his attorney and told her
"This is a waste of my time because I don't have the money!"
10:00am that morning he appears before the Judge. Before his attorney
could address the Bench, Rick spoke out and said the following: "
Your Honor, I don't know what we need to do here, but I don't have the
money to pay these warrants."
The Judge responded:" The penalty for the unpaid
warrants is six months in prison." Before the judge
could slam the gavel, Rick asked if he could make a phone call. After a three
minute conversation, he hung up and responded: I just spoke
to my wife and the $3,500 will be wired to the court by 12 noon! How
did Rick suddenly come up with the money and what does this have to do with
you?
Rick had the money all along, but spending it at the court
was not a priority until he had the conversation with the Judge.
If your customers are always saying that they don't have the money,
it's because you haven't communicated with them in a way that leaves them
feeling like it's a priority. Like the suspect in my story,
they are really saying: “I have the money, but I don't want to spend it with
YOU."
The threat of going to prison helped Rick to feel the value.
Below are two steps that you can take
to help your customers feel the value of your service:
1.
Use
Pictures
You’ve probably heard the saying “a picture is worth a
thousand words.” It may sound like another
cliché, but it’s really a proven fact.
According to study done by communications expert Carmine
Gallo, the average person is able to recall 10% of the information that they
receive via oral communication within 72 hours.
Gallo found that when the same information is presented using pictures,
the recall rate jumps to 65%. In other
words, consumers will remember more of what they see than what you say!
Today’s technology makes it easy to show people a picture of
their vehicle components. Tablets and
smart phones can be used to demonstrate exactly why you suggested the
service. Selling automotive service is
like selling the invisible. Using
pictures will increase the levels of trust by making the transaction
visible.
2.
Hire
For Personality
Starbucks CEO Howard Schultz was asked during an interview
about how he was able to get his people to smile when greeting customers. His response is the key to improving your
business: “The easiest way to ensure that
your employees smile when they greet a customer is to only hire employees who
smile all the time.” Schultz teaches us that hiring for personality
and attitude, instead of just industry experience, is the way to go.
You and Howard
Schultz have something in common, in that your services can be purchased from
your competition at a lower price.
Studies show that people prefer do business with people that they
like. The secret to growing your business is growing
your relationships, so hiring friendly employees, is like planting the right
seed in the right soil. You will experience growth!
So there you
have it. Using pictures and hiring for
personality will keep you from being handcuffed by low cash flow. When the buyer feels the value, they will
find the money!