At Senior Living SMART, we talk to operators every day who ask the same questions about senior living sales and how to grow their occupancy. How do we get more conversions from senior living website? Which senior living CRM is right for our team? What data should we be looking at to improve results? What new technology should we invest in?
Here are some ideas from our guest author, Enquire Solutions.
1. Don’t lose sight of your true customers: Prospective residents
- Many senior living marketers focus their sales efforts on the adult children, but ignoring the prospective residents can cost you sales. Don’t take our word for it. A recent ALFA Update highlighted two studies that investigated who makes care decisions. They found that while adult children are involved in their parents’ transitions 73% of the time, the seniors themselves have a say about 70% of the time.
- Even when adult children make the decision, seniors are still the primary audience. Margaret Wylde of market research company ProMatura Group said: “You’re going to kill the deal if you don’t pay attention to the prospect. ‘If Mom isn’t happy, nobody is happy.’ Many times, executive directors are not taking care of the true customer.”
2. Get more out of your CRM software to increase your occupancy
- According to senior housing marketing consultant Traci Bild, most senior living communities aren’t using customer relationship management (CRM) software as effectively as they could be, leaving potential sales on the table. In her experience, as many as three-quarters of senior living leads don’t move forward—they are just entered into the system and then forgotten.
- CRM software’s lead management features can improve your sales process and help you deliver better customer service. When used properly, they can improve response time, automate workflows, deliver customized reports, and monitor your team’s sales performance.
3. Prioritize your leads to better target your sales activities
- Do you treat all leads the same? You shouldn’t! Score your leads and identify those that are ready for a sales interaction.
- Try using information from your senior living CRM as well as other sources to apply a numerical rank to every single lead in your database. This practice will help your salespeople focus on high-quality leads and allow you to segment your leads for targeted marketing campaigns.
4. Centralize your sales efforts to increase conversions
- Senior living communities traditionally have high turnover, in positions ranging from caregivers to salespeople. Centralizing your sales efforts can help you avoid the extra costs—and frustration—associated with constantly needing to hire and train sales staff. In addition, it can help you avoid the consequences of leads that are dropped in the turnover process.
- Learn more about how centralizing your sales efforts using call center services can help you increase profitability while also controlling costs.
5. Make sure that everyone who answers the phone and is trained.
- In 2012, senior housing expert Diane Masson conducted a small experiment. She called 12 retirement communities on a Saturday morning and asked them this question: “I am looking for a place for my mom – she lives in your town – how many places are there to choose from and how do you rate?”
- The results were dismal: she gave one community an A+, two communities B’s, five C’s, one a D, and three F’s. Out of the 12, two went straight to voicemail (automatic F’s) and only four of the people she reached asked for her phone number. Many simply couldn’t answer the question.
- Calling on a Saturday morning isn’t unusual—about 75% of the people who call senior living communities asking for information are adult children of prospective residents, who usually work during business hours. Don’t settle for anything less than an A+. When potential customers call, make sure the person who answers the phone can provide the information your customers need.
6. Don’t ignore the Internet
- These days, the Internet can be a senior living community’s best friend or its worst enemy. In any case, it can’t be ignored. What happens online can affect your business in two major ways.
- Leads – consumers today are well informed. A Google and CEB study found that buyers don’t contact suppliers until they are more than halfway through the purchasing process. They shop online before calling, and increasingly they make inquiries online as well. Traci Bild suggests that online leads are still widely ignored by the senior living industry, which means that simply treating online leads the same as phone leads can give your community a leg up.
- Reputation -when prospective customers look you up online, what will they find? Online reputation management is a challenging, but essential, aspect of senior living management. For tips on how to do it right, explore this best practices kit provided by Caring.com and Reputation.com.
What is working for you in boosting your occupancy?
Feel free to leave your comments below!
And if you need a boost, let’s talk about how we can help.