NBN Online for the week of January 28, 2008

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
More Stimulus Needed to Stabilize Housing and Economy
NAHB Branding Online Survey Coming Soon
St. Louis Builders Stand Up to Unbalanced News Reporting
Coast to Coast
Housing Market Gives Hints of a Thaw
Politics & Government
Builder Calls Health Insurance a Big Issue for Small Business
Economics & Finance
Weak Home Sales Point to Need for Housing Stimulus
Fixed-Rate Mortgages Fall to Lowest Levels in Four Years
Eye on the Economy: The Fed Shifts Gears, Hits Accelerator
Useful Links to Monitor Economic and Housing Trends
Research
Study Looks at Market in China for U.S. Building Products
Tips
Builders' Tip: Getting Pinpoint Accuracy in Stair-Rail Joints
IBS
A Few Spots Still Available for 'Spokesperson Training' at IBS
BuilderBooks.com Has New Resources Available at IBS
design
Five Real Estate Trends Drive Market in Uncertain Economy
Sales
Sales Teams Should ‘Beat the Bushes’ for New Traffic
Tickets Available for The Nationals 2008 Gala at IBS
50Plus Housing
The Veranda at CollegeTown Is a Safe Haven for Seniors
Remodelers
How to Manage the Emotional Home Owner
NAHB Remodelers Special Events and Meetings at IBS
Custom
Retuning Needed to Diversify Into Remodeling
Technology
Free, New E-Newsletter Covers Latest in Home Technology
NAHB Members Needed to Help Create Home Technology Plan
Education
Education Calendar
Green Building
Green Builders Expand in North Carolina's Triangle Area
Green Building Award Entries Deadline Jan. 30
Disaster Relief
Olympia Builders Help Home Owners Recover From Floods
Labor
Faulk Recognized for Work with NAHB Student Members
Building Products
Builders Meet Manufacturers at Builders' Show Reception
TV
NAHB-Produced Programs on DIY, Fine Living and HGTV
Endowment
Wanted: HBA Proposals for Challenge/Build/Grow Initiative
Association News
Rep. Capito Praises Sandy Dunn as Housing Leader
NAHB Board Meeting Set for Feb. 15 in Orlando
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Introducing the Hertz Green Collection. Reserve and Conserve.
Get Dell Double Discounts in February
Calendar of Events
NAHB Career Center

Related Articles

Tickets Available for The Nationals 2008 Gala at IBS

Sales Teams Should ‘Beat the Bushes’ for New Traffic

The second in an occasional series about how to ramp up sales and marketing in a changing market.

With the days of prospective home buyers stampeding the doors of sales offices long gone, salespeople will have to spend more time out of the office beating the bushes to drum up new leads and traffic, according to panelists in an NAHB “Back to Basics” teleconference last month on how to ramp up sales and marketing.

“Your sales team is going to have to generate more of their own traffic,” said Ross Robbins, MIRM, of the Lee Evans Group, an operations and marketing consulting firm based in Littleton, Colo. He added that builders may want to keep shorter sales office hours so that the sales staff won’t get tied down staffing the office.

It is not unusual to see traffic of 10 to 15 per week and only one to two on weekdays, Robbins said. “Maybe being in the sales office is not where the staff should be.”

(At no charge, NAHB members can access the audio conference, "Ramp Up Your Sales and Marketing in a Changing Market,” by clicking here.)

Be Prepared to Deal With Prospects’ Fears

Not only are there fewer customers visiting sales offices, but those who do come in are coming in “terrified,” Robbins pointed out.

“They think that this is the worst time to buy because the newspapers and television have been telling them that for a year,” Robbins said. They are fearful that prices will drop and that they are making a bad investment.

“In fact, most people seem to be paralyzed with this fear to the point that they will avoid making a bad decision instead of taking a good opportunity when it fits,” he said.

To counter and lessen buyers’ fears, Robbins said sales teams first have to acknowledge their customers’ fears and then shift the conversation from making a deal into fulfilling the customer’s dream. If the sales team can’t bring the conversation back to the dream home, “it’s over, you're doomed, it’s done,” he said.

Builders cannot assume that their salespeople will know how to sell this way. They will need training and monitoring.

“You need to create these dialogues, rehearse these dialogues, train to these dialogues and then you need to use them and monitor them,” Robbins said. “Make sure they are selling just as you trained them.”

Hold the Sales Team Accountable

Not only should builders initiate specific training for their sales teams, they should also put systems in place that hold their salespeople accountable.

Robbins suggested that builders develop a reporting system where salespeople are kept accountable for their progress with potential clients or to have them explain why prospects have lost interest.

By keeping a scorecard for them, Robbins said, a builder or sales manager also will be able to track who’s going to survive with the company.

“Some of your people aren’t going to make it,” said Robbins. “You need to figure out who those people are, and you need to encourage the people who are willing to change and learn to work in a new manner.”

Builders will have to be willing to let go salespeople who can’t rise to this challenge.

“It’s going to be a matter of survival for both you and them,” Robbins said. Those sellers who can succeed in a slow market will be the sales leaders and managers in a rising market.



Subscribe to Sales + Marketing Ideas Magazine for Cutting-Edge Information

For additional cutting-edge sales and marketing information, subscribe to NAHB’s Sales + Marketing Ideas Magazine (www.smimagazine.com). 

Click here to learn about membership benefits of the National Sales and Marketing Council and the Institute of Residential Marketing.



'Sales and Marketing Checklists' Covers the Ins and Outs of New Home Sales

Sales and Marketing Checklists for Profit-Driven Home Builders,” available through BuilderBooks.com, covers the major steps involved in successful new home sales.

Learn the ins and outs of the comprehensive contract, the move-in, warranty service, asking for referrals and a great close. This expanded second edition also includes a new chapter on utilizing technology in your marketing and a more extensive chapter on multicultural sales.

To view or purchase this publication online, click here, or call 800-223-2665.



NAHB Has Nearly 300 Resources to Help You Run Your Business More Profitably

Go to NAHB's Business Management Tools Web pages (available to members only) for instant access to nearly 300 timesaving, moneymaking and cost-cutting business resources to help you run your business more profitably. Get guidance on accounting and financial management, business strategy, computers and information technology, customer service, human resources and more.

Resources are added weekly, so bookmark www.nahb.org/biztools to go directly to these vital business management resources.

Local and state home builders associations can link directly to www.nahb.org/biztools from their Web site and give their members instant access to these resources. It will make your HBA's Web site the place to go for the information and guidance that members need to succeed.



Free NAHB Kit Gives Builders Back-to-Basics Tips to Navigate the Slowdown

What was once expected to be a relatively mild housing slump following three years of record new home construction and sales has given way to a significant downturn.

To help members navigate the uncharted waters of this slowdown, NAHB has compiled a comprehensive “Back to Basics” online toolkit — the best of the basics, the tried and true and the truly new. To access the toolkit, click here.

To access the “Back to Basics” toolkit, you must be an NAHB member and have a login to www.nahb.org. To create a login, go to www.nahb.org/login or click on the log-in button on the main menu bar.

For assistance, call the NAHB Member Service Center at 800-368-5242.


 

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