When supply is high and demand is low, buyers are looking for the best value. Many people in the remodeling industry think that means they have to cut their price and jump into the three-bid war game, but the panic-driven mindset is not a healthy place for a salesperson to be. âThe place to go with prospects,â says Jim Stephens, a Sandler Training consultant, âis to recognize that now is the best time to remodel.â To convince prospects of that, establish yourself as a trusted adviser. To do so, build trust â quickly. Some tips:
- Act as a trusted adviser. Help prospects over roadblocks they arenât even aware of. They know itâs a good marketplace, but get them to see how they can take advantage of that; play the role of consultant.
- Donât skirt the issue of the economy. Call out that 800-pound gorilla up front and say, âLetâs wrestle that together.â
Let prospects know that you have leverage, for example with trade partners willing to negotiate price, and that you can help prospects take advantage of that. Stephens counsels: âTell prospects, âIt hasnât been this good a buyerâs market ever, and we want to help you take advantage of it. Youâll end up with something youâre buying at a low point in the marketplace that will appreciate over time.ââ
- Focus on the customer. The biggest differentiator in todayâs market is how you deal with customers. âThe [homeowner] doesnât care about you or your company. They care about their issues,â Stephens says. âThe person who takes time to help [homeowners] work out their options and think through their process wins because that person helps them discover.â
- Have ârealâ conversations. âBring up difficult topics … like the economy,â Stephens says. âOffer your opinion when [prospects] ask for it versus steam-rolling. Let the customer buy and not be sold. When you push, people will resist.â
Also, be transparent and willing to disqualify a prospect. âIt makes you appealing,â Stephens says. âIf youâre desperate, itâs not sexy.â
In the end, you will bring value to the table and you wonât be trying to compete on price. âIf clients recognize that you are looking out for their best interests, theyâll trust you,â Stephens points out. âYou donât have to cut profits or margins, just pour yourself into taking care of your clients.â
âStacey Freed, senior editor, REMODELING.