Sales tip: Extending credit wisely

Nov. 27, 2013
Knowing how much credit to extend a customer is an important part of the job that Cornwell Dealer Shane Sutton knows all about

Knowing how much credit to extend a customer is an important part of the job that Cornwell Dealer Shane Sutton knows all about. Knowing which customers to extend credit to is a skill that a dealer acquires with time. Sutton tries to offer flexible payment plans with customers, as he has learned that customers appreciate this. One customer recently wanted scan tool that cost nearly $600. Sutton agreed to accept $100 in weekly payments.

The most important thing Sutton learned as a district manager is the importance of taking the time needed to do everything the right way. A tool dealer simply cannot take short cuts. This is what separates the successful dealers from the losers.

As his business grows, he will consider hiring someone to help him with orders, arranging displays and making special deliveries. "It would free up a lot of my time," he says.

Sutton's experience as a district manager also taught him the importance of education. This is a key reason he attends the Cornwell Expo every year.

"The amount of money I make is up to me," he says. "I don't have anybody holding me back. If I don't do well in this business, it's my own fault."

Have a sales strategy or helpful hint you'd like to share? Send your "30-second sales seminar" to [email protected], and see your suggestion featured here!

Sponsored Recommendations

AIRCAT Solutions - Small Ratchets With Enormous Power

Experience the power of AIRCAT's diverse ratchet selection. Each designed with a unique transmission gear for faster torque buildup and unbeatable performance. Their compact sizes...

Unmatched Power and Comfort: AIRCAT Grinders for Every Workspace

AIRCAT grinders deliver powerful performance with high RPM and efficient, quiet operation. Designed for comfort and control, they feature ergonomic handles, extended reach, and...

What Are the Advantages of Air Tools Over Cordless Tools?

Discover the advantages of air tools over cordless tools.

AIRCAT Tool Reviews: The Nitrocat 1056-XL Compact

Hear what senior autotechs have to say about the AIRCAT Nitrocat 1056-XL compact impact wrench. They’ll provide their reviews on tools they own and have been using every day on...

Voice Your Opinion!

To join the conversation, and become an exclusive member of Vehicle Service Pros, create an account today!