Order takers Archives - Diane Masson | Author, Speaker, Blogger & Senior Housing Expert

Deciding To Use Incentives Or Not In Senior Living?

by Diane Masson | Feb 24, 2013

Incentives in Senior Housing What Is The Best Incentive You Have Ever Given In Senior Living?

Discounting can be the owner’s operational nightmare and the sales persons best friend. Incentives cost the company money and affect the bottom line. Just giving away one month of rent can cost $2000 – $6000 depending on the retirement community. Yet, empty apartments are losing revenue month-after-month. Should you or should you not use incentives?

I believe that incentives can permanently ruin some sales people. Some sales people can ONLY sell apartments with incentives. When the gravy train stops they don’t know how to just simply sell an apartment at regular price to a senior. Seriously?!? In my opinion, this is right up there with someone who is simply an order taker in senior living.

The benefit of incentives is bumping up the occupancy to get ahead of the move outs in a very short period of time. Every senior living community has to look at their financials and determine what is best for them. If you have more two-bedrooms than one-bedrooms, an incentive on two-bedrooms can create balance again in your inventory. It is a funny thing in our industry – how every five years the surplus of a certain size apartment switches. Right now everyone seems to want a one bedroom…

Here are some common assisted living and independent living incentives:

One free month
The fourth month free
No move in fee or a discount on the community fee
A free TV
A moving or downsizing allowance

Continuing Care Retirement Communities can use the same or different incentives:

90 – 100% Returnable entrance fees
A percentage off future healthcare
Paying for the move completely
Discounting apartments that are the farthest walk from the dining room
A discount off the entrance fee if a prospect commits to moving in within a short period of time

Do you use incentives? Which ones? Which incentive in your career resulted in the biggest flurry of sales for your retirement community? My favorite incentive of all time was a 100% returnable entrance fee at a new community that I opened. It worked like a charm! Within months, 70% of the building was spoken for, so we could start construction.

Please comment to join the conversation and interact with other senior living professionals on what is currently being effective to increase occupancy on a nationwide basis.

Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. Masson’s book will be required reading at George Mason University in the Fall as part of the marketing curriculum. She is currently consulting with Seniors For Living and two debt-free Continuing Care Retirement Communities in Southern California – Freedom Village in Lake Forest and The Village in Hemet, California. Connection and partnership opportunities: Email: diane@marketing2seniors.net

Have You Hired a Closer or Order Taker In Senior Living?

by Diane Masson | Feb 3, 2013

Order Taker or Closer in Senior Living? Did you hire a closer or an order taker for your senior living community? Both can be good listeners, but there is a huge difference. One can increase the occupancy and the other will complain that people “ARE NOT READY YET!” Many seniors desire to move now – do you want them to move into your senior living community or a competitor?

The first order of business is hiring a fantastic senior living sales person that fits with your current staff and has the ability to talk to your prospective residents like you would yourself. Be patient and don’t hire the first person that “might” work.

An order taker lets the customer take the lead through the tour. For example a senior says, “I don’t have a lot of time and want to see a two bedroom.” The order taker would take them to the two-bedroom and then wonder why no one buys from them.

A closer will listen to what the senior or boomer children demand to see. Then the closer can suggest to the family to have a quick sit-down, to determine exactly what is most important for them to see during the visit. Then they can tell the prospective resident(s) that a tailored tour for what is most important to them will save them a ton of time. People eat these comments up like candy and love that you want to save them time. The closer introduces the pricing of a studio and one-bedroom before the tour begins, because that two-bedroom price could be too rich for the senior’s blood (this strategy alone can increase sales by 25%). So even though the customer demanded to see a two bedroom, the closer may never show them one.

The closer guides them throughout the tour and asks key questions and builds rapport as they walk down hallways. Every minute and every word that comes out of a closer’s mouth is designed to either build value for the retirement community or learn more about the needs and timing of the prospective senior resident.

Senior living sales closers strategically show prospects high value areas of the community during the tailored tour. This can happen on the way to the apartment that the senior can most likely afford now.