Tag Archives: sales trainer for new homes sales

Video Mystery Shopping: Change is GOOD!

Let’s face it; most people are fearful of change. Whether that change logo 30 years finalinvolves getting a new job, or relocating to a new city, or buying a new home, change can stress some people out! However, once we realize that change is inevitable and we embrace it, this produces growth and experiences that we may never have experienced without change.

I have been very fortunate to own and operate Melinda Brody & Company for the past 30 years. We have achieved great successes and reached new milestones as one of the industry’s premier video mystery shopping organizations. Over the years, we have expanded our services to include coaching and training, enhanced our technology to remain cutting edge, and have had the great fortune of being able to work with the best builders in the industry. I am very proud of all the growth and achievements we have experienced over the past 3 decades.

With that being said, we have another change taking place that I wanted to share with you. I have brought in a business partner! Ben Marks has joined me and is committed to taking the company to a new level of success! His goals include providing more services to our clients, adding more video shoppers to the fold, and growing the company.

Ben is energetic, knowledgeable and extremely talented. I am excited to have him as such an integral part of the Melinda Brody & Company team! I am confident he will successfully grow and manage Melinda Brody & Company for another 30 years!

I will be transitioning with Ben over the next several months. All our staff remains in place and are very excited about the opportunities and advancements that will be happening in the company.

Once we have transitioned, you will still be seeing and hearing from me….just not as much! I plan to travel as much as I can, meet new people and explore new places! I am excited about the future, both the company’s and my own.

Video Mystery Shopping: Be Your Personal Best

massageOver the past few months I have noticed a DANGEROUS new trend among new home sales associates. They are working themselves TO DEATH! I spoke to one sales associate last month that said she had not taken a day off in over 28 days. Another sales associate told me he had not gone on a ‘real’ vacation in over 2 years! And yet another told me she had not worked out or gone to the gym in 6 months and had subsequently gained 35 lbs. because of it! I hear stories like these almost on a daily basis!

OK, people…here is your wakeup call! It’s time to start taking care of yourselves! How can you be expected to perform at your best if you are not taking the time to relax, recharge, and rest! Let’s start with your smart phone…..it’s OK to turn it off at night. I have actually heard sales associates tell me they SLEEP with their phones. I don’t know about you, but I have never heard of a new home sales emergency taking place at 2 a.m. Suggestion: set a designated time each night to turn your phone off! Also, if you are in the practice of keeping your phone on when you are eating dinner with your family, at least put it on silence or vibrate. If calls come in, let it go to voice mail and return the call later.

Secondly, most new home sales associates are given two days off during the week. These are called ‘days off’ for a reason. You are not supposed to work. However, almost every sales associate I speak with says they literally work through their days off. I certainly understand if you have to check voice mail, return a few emails, or maybe even write a contract on a day off, but your entire day off should not be about working. Suggestion: set aside an hour in the morning and an hour in the evening to do these tasks (excect the contract writing!). Also, plan something special for your day off. It can be as simple as reading a book, getting a massage, or having lunch with a friend. Enjoy your time!

Third, don’t put your health in jeopardy. I know it can be easy to blow off exercising, but it is important that you take care of you. Suggestion: use a day timer or calendar program and SCHEDULE your exercise the same way you would schedule an important appointment. Also, when it comes to eating properly (going through a Mickey D’s drive-through does not count as healthy!) plan ahead for the week. Suggestion: Always have healthy snacks on hand in the sales office. Also, when you do your weekly grocery shopping have a plan for what you will be eating for lunch and dinner for the entire week.

Some of these suggestions might sound elementary to you; however, I can promise you that by incorporating them into your life you will improve your well-being! New home sales is not an easy job. It can be stressful, demanding, and overwhelming. So, it’s up to you to set boundaries and standards by which to live!

 

Video Mystery Shopping: We’ve been building quality homes since 1902…. Perfecting your Builder’s Story

graphic-book“The SA mentioned that her builder was one of the best in the area, except for the illegal stuff that happened at corporate a few years ago”

This is an actual quote from my book They Said WHAT??!! Behind the Scenes of 25,000 Undercover Video Mystery Shops.  Sadly, we can’t make this stuff up! For the first time in 30 years of mystery shopping the builder’s story ranked dead last in our 2015 Benchmark Study. Only 46% of those we video shopped last year even mentioned their builder. I was shocked! Your builder is your brand!

When I talk to Sales Associates many of them tell me they ‘forget’ to tell their builder’s story. Or, they don’t know how to properly introduce the builder without sounding ‘canned’. Here are a couple of tips to help you incorporate your builder’s story with every one of your prospects.

  1. Ask them if they have ever built a new home before. This is one of the best questions you can ask! If they have built a new home, ask them to share with you what they liked and disliked about the experience. This will give provide you with their ‘hot buttons’. Once they give you that information, you can craft your builder’s story to address their issues.
  2. If they have never built a new home before, they are probably pretty clueless about the whole process. This is your opportunity to share with them how YOUR builder does things differently and better than the others. Again, an opportunity to explain your process
  3. Ask them what is important to them in a new home builder! Are they concerned about value, reputation, quality of craftsmanship? By asking them this question, they will tell you what they are most interested in getting from their builder.
  4. Trial close on your builder! After sharing your builder’s story, ask them if your builder is one they would feel comfortable with moving forward in the process
  5. Identify the top 10 things that set your builder apart from the competition. These are called Unique Selling Propositions (USPs). This is your brand! This is WHY people would build with you versus other new home builders.
  6. Make your builder’s story engaging and vibrant! No one wants to hear that you are a quality builder that has been building homes since 1902. BORING!
  7. When discussing your builder or your building process, always use the pronoun ‘WE’ instead of ‘they’ or ‘them’. In your prospects’ mind YOU are the builder!

Bottom line, your builder’s story is your secret weapon. Not all builders are alike. This is your opportunity to shine!

Video Mystery Shopping: REALTORS are our friends!

image of sold house 3d illustration

I was speaking with a builder client the other day and he mentioned that his sales people did not like to work with Realtors. He went so far as to say that his sales people NEVER communicated with Realtors and preferred dealing with only walk in traffic. WHAT???

In most markets the percentage of Realtor co-broke deals is well over 50%. So, if you are not working with your Realtor community you are in essence losing sales! New home sales associates need to look at Realtors as their friends! Cultivate these relationships! Last I checked….Realtors worked with buyers! Ready, able and willing buyers! Why wouldn’t you want a chance to showcase your community and product?

Here are a couple tips for you when it comes to building relationships with Realtors.

  1. Identify the top 10 Realtors in your market area. Who are the movers and shakers? These are the ones you want to get to know and develop a personal relationship with. You don’t need to know the entire Realtor community. Remember, 20% of Realtors do 80% of the sales.
  2. Cultivate personal relationships with your top 10. By this I mean take a personal interest in who they are and what they do. Don’t just try to ‘sell’ your community to them. Care about them as a person. Remember, people do business with those that they know, like and trust.
  3. Incorporate social media into the mix when marketing to Realtors. If they have a Facebook page, LIKE it. If they are on Linked In, LINK IN with them. 91% of Realtors use social media in some form to market themselves.
  4. Engage them. Think outside of the box and get creative. You could have a wine and cheese reception at your new model. Or, you could have a lunch & learn and invite your design center manager to come and give a presentation about design and decorating trends.
  5. Be where they are. Are you active in your local Realtor Association? How about the Women’s Council of Realtors or your Builder’s Association?
  6. Make them feel special and appreciated! Sometimes it is the little things that can make them feel appreciated. A hand written note, tickets to a sporting event or cultural happening, or maybe a gift card….all these things go a long way in making someone feel special!
  7. Develop their trust. In most cases, Realtors are apprehensive about working with New Home Builders because they fear they will lose control of their client. So, keep them in the loop when working with their clients. Ask them how they wish to be communicated with. Work together as a team to gain their trust.

 

Video Mystery Shopping: Benchmark 2015 The Results are in!

 

Melinda-Brody-Logo (2)

 

benchmark2015

From January to December 2015, Melinda Brody & Company gathered scorecards from more than 1000 video shops representing 36 different builders / divisions from across the country. We then compared 6 key questions. The graph above shows the percentage of new home sales associates that discussed the Builder, Demonstrated the Model, Demonstrated the Home Site and or Gained Agreement of Home Site, Asked for the Sale, Registered their prospect and Followed Up with the prospect.

These are the national results of our 2015 Benchmark Study. So, what does it mean? Well, let’s talk about the good, the bad, and the ugly!

The Good – Sales associates are registering their clients! A whopping 95% of them are doing this! Yeah! Also, the model demonstration has improved! 93% of the sales associates successfully completed this portion of the shop!

The Bad – Scores dropped this year in the Builder story, home site demo, and follow up. This tells me that these are areas that require additional training with your sales teams. I was shocked that the builder’s story dropped 15 %! This is a critical part of the sales presentation. It is also a part that the builder needs to be involved in providing. What’s YOUR USP (Unique Selling Proposition)? What sets you apart from the pack? Important questions

The Ugly – Our sales associates are still NOT closing. The score dropped to 47% in 2015. That means that 53% are not closing! This is particularly upsetting because the shoppers we send into your sales offices are READY, WILLING, and ABLE buyers. In the 30 years I have conducted video mystery shops, closing has ALWAYS ranked dead last. This year is no exception. This is an area that really needs to be focused on in your training and sales meetings. How do you ‘earn the right’ to ask for the sale?

If you need assistance in conducting training programs that can help your sales team in these areas, give us a call. We provide personalized and customized sales training for your team.
Want to learn more? Click here to view a short video.

Video Mystery Shop: The Power of Personalization

cokePersonalize and Customize. Personalize and Customize. I cannot stress to you enough how important it is to do this in every sales presentation you give. In fact, you should never, ever give the same sales presentation twice. Each one should be specific and focused on your prospect’s specific needs, wants, and desires! The experience you create for your prospects can either make or break the sale for you!

And, this is not just true for new home sales. Many businesses today are finally embracing the concept that there is not a ‘one size fits all’ sales and marketing strategy. My favorite example of this comes from Coca Cola. A couple of years ago Coca Cola introduced its ‘Share a Coke’ campaign. Instead of just having the company name on the cans and bottles of the soft drink, they started incorporating individual names! It created quite the buzz! Everyone wanted to find ‘their’ coke can or bottle. Facebook was a flurry with pictures of people holding their personalized cans of Coca Cola! It was fun, it was clever, and it was pure marketing genius! Not only that….it was profitable!

The ‘Share a Coke’ campaign was single handily responsible for turning profits around for the company after a decade of decline. That’s right! After ten long years of losing money, Coke made a profit by simply adding a person’s name to a can of soda! The first step in personalizing your presentation is building rapport in order to find out what is important to your customers. One of the best ways to do this is to use your prospect’s name. Yes, I know it sounds easy, but in about 75% of the video shops I watch the sales person NEVER uses the customer’s name. Not even once!

In his book ‘How to Win Friends and Influence People’, Dale Carnegie writes: ‘A person’s name is, to that person, the sweetest and most important sound in any language’ . Don’t forget that! And, if you are like me and have a problem remembering names…..WRITE IT DOWN. Use a clipboard to take notes and write your customer’s name on the top of the page. Try to use their name 3 – 5 times in the first ten minutes of your presentation so that it becomes natural to you.
The Power of Personalization….if Coke can increase sales after ten years by simply putting a name on a 75 cent can of soda, imagine what would happen if you started personalizing and customizing in your sales presentations on a $500,000 home!!!

Video Mystery Shopping: Setting Expectations

Outdoor business meetingOne of the things I have noticed lately in watching video mystery shops is that many seem to lack structure. In some cases, the presentations go on and on forever, but there is no rhyme or reason to the presentation. As I watch, I have to wonder what is going on in the mind of the sales associate. Do they not have a plan for how they are going to spend their time with the prospects? Do they not realize that in our business ‘time is money’? Why don’t they set expectations with the prospects?

I’ll give you a real life example. I was watching a shop last week that went well over 2 1/2 hours. At the end, the shopper was visibly drained. The SA had not asked her at the beginning of the presentation how much time she had to spend nor did she ask what she hoped to accomplish from the meeting. It was like she was on the Gilligan Island’s 3 hour tour….to nowhere!

How much time do you have to spend with me? What do you hope to accomplish today? These two questions asked upfront will allow you to set the stage for the entire presentation.

“I understand you have about 1 hour to spend with me today, and I want to be respectful of your time. So, let me suggest how we can best use our time together to meet your expectations.”

This not only sets the stage with your prospects, it gives you control and structure of the presentation. It also let’s your prospect know what’s going to take place throughout the presentation. And, added bonus…it allows you to introduce the close at the beginning!

“Once we’ve viewed the models and toured the community, I would like to then return to the sales office and discuss options for moving forward with the purchase of your new home.”

I see WAY too many shops where the sales associate ‘runs out of time’ at the end of the presentation and literally has to close the presentation standing in the sales office parking lot because the prospect has to leave! By setting expectations, you are giving ample time for all parts of the presentation, including qualifying, community/model/home site demonstration, and closing.

All sales presentations have a beginning, middle and end. It’s a sales strategy! Tell them what you are going to tell them, tell them, and then tell them what you told them. In other words, set expectations.

Video Mystery Shop: Help Me Help You!

Business people in officeDo you all remember that scene from the movie Jerry Maguire where Jerry is trying to negotiate with Cuba Gooding and finally, exasperated, Jerry screams ‘Help Me Help You!”. Great movie and a great scene! So, what does it have to do with new home sales?

Absolutely everything! Your job as a new home sales associate is to help your clients find their dream home, in the perfect community, on the ideal home site, with the right builder. So, how can your prospects’ Help Me Help You? Simple, they have to TELL you what they want!
Getting them to tell you what they want can only be accomplished in one fashion…by asking questions! Believe it or not, I have watched hundreds of video shops where the sales associates barely ask any questions! They may ask price point or number of bedrooms needed, but they don’t dig any deeper than that.

People love to talk about themselves! If you don’t believe that…just take a look at facebook. We’ve become a society that loves to share our news with everyone! Use this to your advantage. Ask your prospects about themselves! Find out who they are and what their hot buttons are. This will help you to customize your presentation in a way that speaks specifically to their wants, needs and desires! This is called the Discovery process.

Also, when you are asking your prospect’s questions, make sure they are open-ended questions that can’t be answered with either a YES or a NO. Below are some excellent questions you can incorporate into your sales presentation that will help you get a better understanding of your prospects and what they are looking for.

-Tell me about your current situation
– What’s important to you in a new home? Community? Home site? Builder?
– How familiar are you with the area?
– What do you dislike about your current home?
– What line of work are you in? How did you get started?
– What do you like to do in your spare time?
– What are some ‘must haves’ that you want in your new home?
Remember, as a sales associate your primary role is to find out if what you are selling matches with what your prospects are looking for. Help Me Help You!

Video Mystery Shopping: Tips for Building a Better Builder’s Story

Oftentimes when watching video mystery shops, the SA’s tend to struggle with the Builder’s story. They either don’t bring up the builder AT ALL during the presentation or they have a tendency to recite a canned speech about how the builder is a ‘quality, family owned builder’….which can get very BORING!

older people

Let’s face it….your prospects are probably visiting several builders during their home search. Your job is to provide a builders story that will make YOUR builder memorable and unique! Imagine that! A builder that your prospect will actually remember long after they have left your sales office. So, how do you do this?

Here are a couple of tips for you:
1. Don’t make your presentation boring! The fact that you have been in business since 1956 is honorable, but does it really impact your prospect? The fact that you are a quality builder is great, but don’t you think your prospect already assumes you are a quality builder? To make your builders story stand out think about what makes you different and better than the other builders. Try this exercise, fill in the blank: “We are the only builder in (your city) that (your uniqueness). Answers may range from ‘offers a no down payment option’ to ‘builds with brick’ to ‘offers award winning energy features’.

2. Avoid the ‘Pronoun Problem’. Too often SA’s refer to the builder as ‘they’ or ‘them’ during the presentation. This immediately distances you from your builder. It creates an us vs. them scenario. Try using the pronoun WE when referring to your builder. WE build in communities throughout Tampa Bay. WE offer an award winning energy efficient program. WE allow you to customize’

3. Ask your prospect’s if they have ever built a new home before. If they answer YES, then continue by asking them what they LIKED and DISLIKED about the process. This allows you to collect key information that can be used to customize and personalize your builder’s story. If your prospect has never built a new home, then your line of questioning changes. You can ask them about their expectations and then craft your builder’s story to reflect on that.

Bottom line, your builder’s story is your brand. It’s your secret sales weapon! By crafting and sharing an excellent builder’s story, you not only gain credibility and trust with your prospects, but you are able to affiliate yourself with a brand that is much bigger than you alone.

Video Mystery Shopping: Customize and Personalize – It’s the only way to sell

show a homeIn July, I had the opportunity to attend The Southeast Building Conference (SEBC) in Orlando. It was great connecting with old friends and sitting in on some excellent educational programs. The one common theme that I heard over and over amongst the speakers was the importance of customizing and personalizing your sales presentation if you want to make the sale.

I have been preaching this to the choir for several years now, so I was happy to hear how mainstream this has become in the home building industry.

At the Rockfest Sales & Marketing Rally, three industry speakers discussed marketing and selling to different groups of people: Women, the over 50 crowd, and Millennials. The information was fascinating! In fact, so fascinating that it made me realize that if you were to try to sell a home to a woman yet used the approach that millennials prefer, there is not a chance in the world it would work! In fact, it would probably backfire in your face!
New home sales associates have to realize that the selling process is not as easy as it once was. You can’t just lead your prospects around the model home, feature dumping about every fixture in the home, and expect them to purchase! No way, you’ve got to get inside their minds…you have to do the work to determine WHAT it is they want, and then build your presentation around that. No two sales presentations are EVER going to be the same. Each is individually crafted and delivered to meet the specific needs, wants and desires of your prospect. If you don’t learn that now, chances are you won’t be selling new homes in the future.

So, what’s the best way to customize and personalize your sales presentation? By asking the right questions in order to get the information you need to create your presentation. I would also recommend doing some research (YES, research) on buying triggers, marketing strategies, and selling techniques of different demographics and cultures. In today’s world, there is no one size fits all.