How do I sell my extended warranty?

How do I sell my extended warranty?

If you want to actually sell the protection plan, be customer-focused and train your employees on the soft skills of communicating and problem-solving. Then make sure they match the compelling benefits of a protection plan with products that deserve them. Then you can increase your sales of extended warranties.

What is sale of an extended warranty?

An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer.

How do I offer a warranty?

The following are some tips and guidelines for composing your product warranties.

1. Follow the rules expressed in the Magnuson-Moss Act.
2. Clarify what the warranty does and does not cover.
3. State the length of time that the product is covered.
4. Give customers the option to extend.

How do you market a warranty?

Tips for Selling Extended Warranties

1. • Training, training, training. Make sure your sales team understands the CPS program completely.
2. • Focus on the benefits.
3. • Drop the hints early.
4. • You gotta listen.
5. • Every single person.

Can I sell a warranty?

Selling extended warranty might take some practice, but it can be done, and the more you try it the easier it’ll get. Just remember: Sell the benefits of extended warranty as you would any other product on your shop floor.

How do you sell a service plan?

Service plans are important for businesses and clients alike. Your company gets consistent contracts and customer loyalty….Read on for five unmissable tips to successfully selling service contracts.

1. Build it into your sales process.
2. Start the discussion early.
3. Provide robust and flexible solutions.
4. Be aware of budgets.

Who sells extended warranty?

Best Extended Car Warranty Companies

• Carchex. The best extended car warranty company is Carchex because it offers five levels of coverage, with multiple contract options ranging from 12 to 84 months.
• autopom! Autopom!
• Endurance.
• Toco Warranty.
• Omega Auto Care.
• Infinite Auto Protection.
• Concord Auto Protect.
• CarShield.

What is a good extended car warranty company?

The best extended car warranty companies are Carchex and autopom!, according to WalletHub’s analysis of 11 major providers. These extended warranty companies rank highest due to a combination of low prices, varied coverage options, and strong ratings from industry watchdogs.

Which extended warranty is the best?

After thoroughly reviewing the most popular providers on the market, these extended warranty companies came out on top:

• Endurance: Best Overall.
• CARCHEX: Best for Used Cars.
• CarShield: Most Affordable.
• Protect My Car: Best Maintenance Benefits.
• autopom!: Best Customer Service.