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The Roofer Show Growth

431: Roofing Financing: Close More Jobs Without Lowering Your Price

⏱️ 29:36 🎀 Dave Sullivan, Christopher Scoville
AUDIO EPISODE
431: Roofing Financing: Close More Jobs Without Lowering Your Price
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Chapters

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  • 0:00
    The Importance of Financing
    Dave and Chris emphasize that offering financing is crucial for selling more roofs and avoiding being outcompeted.
  • 0:29
    SMA Support Introduction
    Dave thanks SMA Support, a sponsor that provides inside sales and operational support to roofing contractors.
  • 3:57
    Offer Early, Always, Often
    Chris introduces his core philosophy for financing: offer solutions early, always, and often to eliminate the homeowner's pain of finding funds.
  • 7:02
    Dig the Well Before Thirsty
    Chris uses the analogy of 'digging the well' to illustrate the importance of being prepared with financing options before customers ask.
  • 17:35
    Improvefi's Unique Approach
    Chris explains Improvefi's three pillars: lending (unsecured, secured, commercial), training (university and live sessions), and support (client success managers and a deal desk).
  • 27:09
    Website Financing Strategy
    Chris advises contractors to create a 'Consumer Credit Center' on their website to capture customer data, rather than directly linking to a bank's application.
  • 37:08
    Integrating Financing with Sales
    Chris explains how to integrate financing into sales proposals, presenting it as an option alongside different roof tiers and monthly payment breakdowns.
  • 43:50
    Improvefi Training & Support
    Chris details their university structure with live weekly training, recorded sessions, and resources to help sales managers and teams.
  • 46:50
    Improvefi's Cost & Benefits
    Chris discusses Improvefi's nominal fee, emphasizing its ROI, and highlights their multiple no-dealer-fee programs as a key differentiator.
  • 56:26
    Connect with Chris Scoville
    Chris invites listeners to visit the Improvefi website, follow him on social media, and access his free YouTube training channel.

Speakers

D
Dave Sullivan
Host β€” The Roofer Coach and The Roofer CFO
C
Christopher Scoville
Improvefi

Key Takeaways

✦

Always offer financing early, always, and often to prevent losing sales to competitors and to simplify the buying process for homeowners.

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Instead of directly linking to a bank's financing page, create a 'Consumer Credit Center' on your website to capture customer data and maintain engagement.

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Present financing options as integrated solutions within your sales proposals, showing monthly payments for different tiers (good, better, best) rather than just a total price.

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Utilize a financing partner that provides comprehensive training and support, not just rate sheets, to ensure your sales team knows how to effectively present and close with financing.

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Leverage tools like mobile apps and CRM integrations (e.g., Proline) to seamlessly offer financing, allow soft credit pulls, and schedule appointments directly at the point of sale.

✦

Explore financing options that include no-dealer-fee programs to maintain profit margins, especially if you're a restoration contractor or averse to promotional loan costs.

✦

Treat financing as an essential 'tool in the toolbox' for every sales representative, equipping them with multiple lending options to address diverse customer needs and credit profiles.

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