![Is Your Senior Living Team – Only Going for the Easy Sale?]()
by Diane Masson | Oct 21, 2012
Every senior living sales person loves the easy sale. A senior walks into your community, his or her home has just sold quickly and now they HAVE TO MOVE in the next 30 days. Or a family member’s parent is in the hospital and the doctor has stated they can’t return to their home, the senior must move to assisted living now. Will these easy sales fill your retirement community? No!!
The words patience, dedication and persistence come to mind – to reach out to the reluctant customers who can fill your senior living community. When someone comes in to tour your community, first impressions are everything. The sales person needs to take the time and compassion to find out what prompted their visit and show how their senior living community can be the answer.
When a senior or family member says they are “Not Ready Yet,” don’t blow them off! It simply means they don’t have enough information to make a decision yet and they need to come back and see you again. The prospect is scared! It is a big decision to move out of a home they have lived in for 30 to 50 years. Most seniors don’t make the decision to move in a one or two hour meeting with a senior living sales person. Give them the compassion and care they so desperately need… Call them the next day and find a reason for them to visit again – maybe it’s a lunch, an exciting event or showing them one more apartment. Turn their reluctance into excitement.
If they don’t answer, keep calling. Senior living sales people are not making enough calls on average, it’s easier to go talk to a resident than hear rejections, no’s and hang ups on the phone. Call two days in row…make the 2nd message on their recorder different from the first and then say, “Please give me a call back or I will try you back.” If I were listening to my voicemail, I would think – “Oh, I better give them a call or they will keep calling.”
Then when they call you back, invite them to visit your senior living community again and the chance of selling them on a 2nd or 3rd tour are even higher! At Continuing Care Retirement Communities in California, it is taking 5 or 6 visits to turn a reluctant customer into a sale… How many visits on average are your prospects making to your retirement community, before they decide to move in? It would be fantastic to hear averages from all over the country…
Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. If your curiosity is piqued to inquire on Diane’s availability to speak at a senior housing conference (CCRC, independent living, assisted living, skilled nursing or memory care) – please call: 206-853-6655 or email diane@marketing2seniors.net. Diane is currently consulting in Southern California for Freedom Management Company, the proud debt-free owners of Freedom Village in Lake Forest and The Village in Hemet, California. For more information: Twitter: @market2seniors Web: www.marketing2seniors.net Blog: http://marketing2seniors.net/blog/
![Which Internet Lead Referral Company Provides the Most Value?]()
by Diane Masson | Sep 9, 2012
When all the smoke and thunder blows away, which company can provide me the best quality leads that will increase my occupancy immediately? Keep reading for the answer. I was shocked to find out in my research how many Internet leads a senior housing community has to go through in order to get two sales – the answer can be about 100!
This is my third article regarding researching senior housing Internet referral companies. All the major players do a pretty good job of differentiating themselves from each other. Some companies seem to do a better job of identifying and targeting qualified leads than others. Some have great web sites, live care advisors, blogs or have fantastic placement on the Internet. A majority of the legitimate leads tend to need some help with the activities of daily living.
Pay Per Move In – In talking with a lot of administrators, in a variety of senior housing options, they tend to shy away from paying an entire month of rent for a move-in. It is a big chunk of change and I have personally experienced several bad outcomes with this choice. One challenge was when we offered the 2nd month free to get move-ins. The Internet company received one months rent, we gave the 2nd month away for free and the residents moved out at the end of the 2nd month. Yes, it cost us money to have these people live at our assisted living community.
I have also had great results with pay-per-move-in in the past, including increasing sales by 10% per month with straight independent living or assisted living rental properties. The key was working the leads immediately, because the Internet lead company would send the same lead to 5 or more of my competitors. The retirement community who called the lead first won and he who followed up two or three times also won.
Monthly Subscription – Monthly subscription Internet leads are not as high quality, because no live person filters them. About the only advantage I can see, is your community will be included in the paid search field at the top or side of a Google search (within that referral source). This will run you about $150 or more a month for this benefit.
Pay Per Lead – The companies that provide pay-per-lead have a wide variety of outcomes depending on their level of filtering the leads. You will pay $35 to $50 per lead with results ranging from 2% to 8% turning into move-ins. This means that every 50 leads your company calls will turn into a sale in the worse case scenario. The average for one company was about 4% or one sale in every 25 leads. One company claimed that the best quality sales people could produce one sale out of every 12 leads. Why the discrepancy? They said that lead results were better for those sales forces that proactively used quick follow up when the lead was received and then continued with multiple attempts of connecting with the prospective resident. I have found this to be 100% true with those I coach.
So the bottom line is the better the sales people, the lower the cost per lead. Internet leads come in, then sales people are supposed to turn them into tours, so they can become sales and finally become a move-in. What can you do if your sales people don’t manage leads effectively and you need to increase your occupancy now? A couple ideas would be to hire a sales coach or have stricter monitoring and management of metrics to set goals in your sales lead tracking system, both of which would help to increase existing performance on all your leads.
Pay Per Tour – There’s a new model that I’ve recently come across, pay per tour, which seems to address the efficiency and ROI challenges of all the existing models. This model addresses the lead efficiency issue that I’ve seen with some companies managing Internet leads while getting a reasonable effective cost per move-in.
It’s a new program being launched by Seniors for Living and based on their preliminary data they show an average of a move-in for every 4 to 7 tours (depending on the community).
The cost is around $400 per tour, so if my sales people provided great tours, an Internet move-in would only cost me around $2000. This would save me the hardest and most time-consuming part of the sale process which is following up the lead and qualification to get to the tour. I have spent 14 years in senior housing and have trained hundreds of sales people on how to turn inquiries on the telephone into great senior living tours so I know what it takes to get to a tour.
This pay per tour sounds like it will be the best approach, particularly for those retirement communities with sales teams already spread thin from their other sales activities. As part of my researching for this blog series and speaking with Seniors for Living I have begun working with them on their advisor training to help them refine their process to generate a better tour and the best overall experience for prospects and communities. Since this is a new approach I’m eager to see how this works with wider use by more senior living communities.
I look forward to hearing your feedback on all these models. What’s your experience?
Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. If your curiosity is piqued to inquire on Diane’s availability to speak at a senior housing conference (CCRC, independent living, assisted living, skilled nursing or memory care) – please call: 206-853-6655 or email diane@marketing2seniors.net. Diane is currently consulting in Southern California for Freedom Management Company, the proud debt-free owners of Freedom Village in Lake Forest and The Village in Hemet, California. For more information: Twitter: @market2seniors Web: www.marketing2seniors.net Blog: http://marketing2seniors.net/blog/
![Interviewing 5 Internet Lead Choices – To Increase the Occupancy!]()
by Diane Masson | Aug 13, 2012
All the big players in senior housing have a budget for Internet leads. With all the Internet lead companies vying for your dollar – how do you choose? We all want to get the best bang for our buck – and we want results – move-ins now!
Pew research has indicated that 50% of seniors are online users now and that 70% of web savvy seniors get online every single day. Baby boomer adult children are surfing the web researching options for their aging parents. Is your online presence strong?
This month I am going on a search to determine which senior housing Internet lead referral companies can bring the best the results for some companies I represent. My strategy is to interview 5 of the top national players who provide senior housing leads.
This is what I want to learn:
- What’s better – paying a full month’s rent for a move-in or individually paying for Internet leads?
- How many Internet leads does it take for a move in?
- What kinds of filters do they provide, so my leads are the best quality?
- If a lead is no good, do I still have to pay?
- Will too many garbage Internet leads discourage my salespeople?
- If the Internet lead person moves in and then moves out in two months, do I still have to pay a full months rent?
- For Independent Living and Assisted Living leads, how are the leads income qualified, so I don’t end up with low-income or senior apartment leads?
- Can they find entrance fee applicants for a Continuing Care Retirement Community, so I don’t end up with just rental leads?
The typical senior housing marketing mix results can now include: 20% or more of move-ins being sourced as Internet leads. At one time, I represented 14 properties that eventually had over 20% of their sales volume coming from Internet leads. There is no question that the quality of Internet leads varies. Many sales people dislike Internet leads because they think they are all garbage. Every lead needs to be treated as a viable lead. I have had to sell my sales people on how to properly utilize Internet leads, in order to increase move-ins. The challenge was having them believe in the quality of the lead, so the staff would treat them as hot leads. Quick response and follow up were the keys and the results were dramatic! The occupancy started to rise quickly with proper use of Internet leads…
Stay tuned for my results…if you were going to interview 5 Internet lead referral companies, what would be your top considerations?
Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. If your curiosity is piqued to inquire on Diane’s availability to speak at a senior housing conference (CCRC, independent living, assisted living, skilled nursing or memory care) – please call: 206-853-6655 or email diane@marketing2seniors.net. Diane is currently consulting in Southern California for Freedom Management Company, the proud debt-free owners of Freedom Village in Lake Forest and The Village in Hemet, California. For more information: Twitter: @market2seniors Web: www.marketing2seniors.net Blog: http://marketing2seniors.net/blog/
by Diane Masson | Jul 30, 2012
Does your team need to recharge their enthusiasm? Has the marketing team gotten off track? Do you need to sharpen your sales techniques?
Try a weekly marketing book review. Whether your senior living team is one sales person and the executive director or your team consists of three to six marketing people, it’s time to get the creative juices flowing again! If a sales team is not learning and growing, it becomes complacent and stagnant.
First, select a book to review. There are lots of great choices out there. Look around on Amazon.com, ask your sales people for ideas or get suggestions at senior housing conferences. My marketing teams are currently reading “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” by Diane Twohy Masson. (Yes, this is my book.) We have completed four chapters in five weeks. Our next book review conference call is chapter five scheduled for Tuesday.
It has been wonderful to watch the teams grow together. Participants include entrance fee sales people for independent living in Continuing Care Retirement Communities, assisted living marketers and skilled nursing admissions. They come from five areas and as the weeks progress the team members feel freer to share what has worked or has not worked in their area and other team members benefit from their experience.
We have had some great discussions including how many calls (in the existing database) it takes to get X amount of tours or people coming to the community for events. Best practice numbers for one team member were 157 voice-to-voice calls in 3 weeks, which resulted in 23 families coming into view the community. These are great numbers and after the call, other team members started asking for help on how to do this themselves. It seemed to bring out a natural – healthy – competiveness amongst the team.
Everyone starts thinking team and has a better understanding of the goals, because they are discussed at the weekly book review meeting (if you have multiple teams – do a conference call). Executive directors, regional marketing directors and directors of sales and marketing in senior housing often assume that everyone on the team knows the goals. Maybe they do or maybe they don’t. Why not review the goals weekly during your team book review? The number one goal is to have 100% occupancy, but what do they need to do this day or week in order to hit that goal this month or this year? Break it down for them and be their coach and mentor during the book review…try it… it works like a charm!
Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. If your curiosity is piqued to inquire on Diane’s availability to speak at a senior housing conference (CCRC, independent living, assisted living, skilled nursing or memory care) – please call: 206-853-6655 or email diane@marketing2seniors.net. Diane is currently consulting in Southern California for Freedom Management Company, the proud debt-free owners of Freedom Village in Lake Forest and The Village in Hemet, California. For more information:Twitter: @market2seniors Web: www.marketing2seniors.net Blog: http://marketing2seniors.net/blog/
by Diane Masson | Jul 15, 2012
Is this you? Is this your senior living sales person? Unless you have 10 to 15 tours a week, you have time to make follow up phone calls. Some people share this song and dance with only having one or two tours for the week – really? Come on…what are you really doing?
A legitimize excuse, for not making calls, would be having five move-ins for the week! That’s a lot of paperwork! If you were organizing a health fair with twenty venders to generate more leads – would also be worthy of a pass.
Time management is a beautiful thing and not everyone has this gift. Sales people need coaching, goals and daily targets to achieve. Break it down, to connecting with 15 people in a day. Recent averages for my successful sales people would be about 30 phone calls in a day to achieve 15 voice-to-voice contacts (this can include call-ins, but mostly call-outs). Out of the 15 voice contacts, they averaged scheduling 3 to 6 appointments per day for prospective residents to come to the community. Two people, who were called in one day, were actually interested in moving in soon. One person said, “The timing of your call was perfect, it’s time that I move into a retirement community.”
Phone calling success in senior housing includes inviting them to exciting events at the community, which you should have on at least a monthly basis. Chapter six in my book Senior Housing Marketing – How to Increase Your Occupancy and Stay Full is Great Events Can Fill Your Building.
An almost imperceptible time drain can include taking too much time talking to residents and/or helping residents. We love them so much and it’s so much easier to shoot the breeze with residents instead of hearing another “no” on the telephone from our database. Our residents deserve dignity and respect. But let’s look at all the employees at your senior living community… 97% or more of the employees are hired to take care of the residents. Less than 3% handle the marketing to fill the building. Marketers should redirect the resident to the 97% or more of the operational employees who are being paid to serve them. I believe in the two-minute rule, any resident can have one to two minutes and then say, “I would love to talk longer, but I have a phone call, meeting or tour that I need to do,” (whatever is really true).
The bottom line is that proactive marketers make follow up phone calls the next day after a tour and on a regular basis communicate with their database. Start increasing your occupancy today…
Diane Twohy Masson is the author of “Senior Housing Marketing – How to Increase Your Occupancy and Stay Full,” available for sale at Amazon.com. If your curiosity is piqued to inquire on Diane’s availability to speak at a senior housing conference (CCRC, independent living, assisted living, skilled nursing or memory care) – please call: 206-853-6655 or email diane@marketing2seniors.net. Diane is currently consulting in Southern California for Freedom Management Company, the proud debt-free owners of Freedom Village in Lake Forest and The Village in Hemet, California. For more information: Twitter: @market2seniors Web: www.marketing2seniors.netBlog: http://marketing2seniors.net/blog/
