Have any of you sold anything like this before (£199,995.00 boat)

24 replies
Heya,

I wondered if you - or anyone you know - has sold any high ticket items such as cars, boats, houses etc before?

I have a potential client that wants to sell more of his boats from his website, and despite my knowledge and track record of selling information based products, I'm a little more cautious about this one, in terms of how to approach it.

The specific boat he mentioned was:

Sailing Yacht, Cruiser, Boat, In Mast Reefing, Deep keel.

It's a privately owned Bavaria 47 and benefits from a very high specification and is a 3 cabin owners version with en-suite.


If you're interested in partnering up, that could be a possibility, or for the benefit of others in this forum, any tips on selling these kinds of tangible "non-impulse" items would be much appreciated.

I'm assuming it's more about building up a relationship, rather than going near any kind of direct response style copy, thoughts?

Either way, this should be fun, seeing how this plays out.

Cheers!
#£199 #boat #sold
  • Profile picture of the author Raydal
    Dan Kennedy's 'No BS guide to marketing to the Affluent'
    may be helpful.

    Your appeal will have to be different to the typical low ticket
    sales letter. They have a feeling of "deserving" luxury items
    and so status appeal would be important here.

    Another book is Selling to the Affluent by Thomas Stanley.

    -Ray Edwards
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    • Profile picture of the author Nick Brighton
      Originally Posted by Raydal View Post

      Dan Kennedy's 'No BS guide to marketing to the Affluent'
      may be helpful.

      Your appeal will have to be different to the typical low ticket
      sales letter. They have a feeling of "deserving" luxury items
      and so status appeal would be important here.

      Another book is Selling to the Affluent by Thomas Stanley.

      -Ray Edwards
      Thanks Ray, great pointers and I appreciate your advice.

      I can already tell that this is going to be a different beast and in particular, the challenge being, not justifying the price, so much as justifying why they should buy from my client at this time.

      It's not going to be easy, that's for sure... especially when you're selling items that are comparable and when people can easily shop on price.
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  • Profile picture of the author gjabiz
    Nick,

    When I was a student in Huntington Beach CA, I met with Joe Karbo several times and on one occasion we talked specifically about this.

    Joe was a sailboat enthusiast and Gary Halbert liked speedboats, and a half a million dollars was NOT the high end of things.

    Before I tell you what Joe told me, let me talk planes for a moment.

    I'm writing this from a 200 acre ranch outside Carlsbad, NM and it has it's own runway and hangar. The guy I'm visiting is a former crop duster and pilot who has bought and sold a lot of planes. He gets a couple of magazines a month, now he wants to build a boat, so he subscribes to boat building magazines.

    I asked him the same thing I asked Joe Karbo about selling these high ticket items...and his answer was the same as Joe told me. Ready?

    They look at FEATURES and buy from EMOTION.

    Sound familiar? I've sold some collector automobiles which were pretty high ticket and although I thought the SALES process might be different it isn't, except as Ray mentioned, perhaps...a sense of entitlement...

    But, you'll help your guy actually SELL his boat, if, along with all the features and wonderful descriptions of the ivory inlaid custom made table to the this and to that...at the end of the day, the guy buying the boat...wants to fulfill his

    fantasy
    dream
    or
    upgrade, downsize situation.

    Sure, he's buying a BOAT, with all the goodies, but...

    he most likely isn't going to get in the one you mention and set sail around the world by himself...he wants to ENTERTAIN

    and IMPRESS...

    So, NO, you can't hype it...but, read over some Gary Halbert stuff, the guy flipped many boats (bought and sold) I often sometimes think they may have his been his hedge against the times he was getting low on funds...sell the boat, write some ads, buy another boat...rinse and repeat.

    YOUR emotional appeals will be the same as all buyers have...go to the bookstore, or subscribe to magazines like Yacht, Planes, and or even those with luxury homes for sale...to pick up the LINGO.

    Read Halbert's letter of how he quickly sold a cadillac.

    Give REASONS for the sale that make sense to an affluent buyer...
    Give great Joe Sugarman DESCRIPTIONS of the boat which hits all the features in a romantic way
    Create the feeling of ownership through your wonderful prose of being on the high seas (even if the thing never leaves the harbor)...

    Start reading what affluent people read. And hang out at the docks.

    But, I'd bet you...at the end of the day, you'll sell the thing faster when you have put in all the ROMANTICIZED images of owning this boat.

    I've heard more than one guy say the two happiest days of his life were

    the day he bought his boat

    and the day he sold it.

    Good luck, keep in mind, these are PEOPLE, with the same preoccupations we all have, only THEY are higher on the Maslow Pyramid (see my thread on this)

    gjabiz

    PS. Good reasons for selling...he's retiring, upgrading, downsizing to go on a two year mission, he's buying an island, his grandkids no longer come with him...he was a Bernie Madoff client, he wants to go to outer space, and that costs like what his boat...he wants to invest in a gold mine in NV...

    In other words, give the potential buyer a BELIEVABLE reason why a person wants to part with it...then you give them a good reason to buy NOW, before someone else gets it.

    Originally Posted by Nick Brighton View Post

    Heya,

    I wondered if you - or anyone you know - has sold any high ticket items such as cars, boats, houses etc before?

    I have a potential client that wants to sell more of his boats from his website, and despite my knowledge and track record of selling information based products, I'm a little more cautious about this one, in terms of how to approach it.

    The specific boat he mentioned was:

    Sailing Yacht, Cruiser, Boat, In Mast Reefing, Deep keel.

    It's a privately owned Bavaria 47 and benefits from a very high specification and is a 3 cabin owners version with en-suite.


    If you're interested in partnering up, that could be a possibility, or for the benefit of others in this forum, any tips on selling these kinds of tangible "non-impulse" items would be much appreciated.

    I'm assuming it's more about building up a relationship, rather than going near any kind of direct response style copy, thoughts?

    Either way, this should be fun, seeing how this plays out.

    Cheers!
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    • Profile picture of the author ewenmack
      If you can get a list of business owners with a income over
      x number of dollars, mail a classy invitation with a RSVP date on it.

      Have it with the life partner as well.

      This is for a Saturday or Sunday cruise where they
      get to experience it with other like minded business owners.

      Experience is more powerful than reading about the subject.

      Lay on the catering.

      Show them 3 sizes so they get to choose one, not a yes or no decision.

      I remember reading how a very successful luxury boat salesman did just this
      what I've laid out here.

      Best,
      Ewen
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      • Profile picture of the author Mark Andrews
        Banned
        Must be extremely high spec to attract a price tag of just under £200,000 or pretty much brand new? Most of the Bavaria 47 series tend to sell usually for around £100,000. Just thought you might like to know Nick.

        I'd suggest you have a look at some of the ads in the following yachting magazines which deal with the higher end of the sailing market here in the UK...

        Practical Boat Owner
        - Boat maintenance advice, sailing and motor boats, practical advice | Pbo

        Yachting Monthly - Sailing news, blogs, boat and gear reviews, weather | Yachting Monthly

        Yachting World
        - Yacht racing, sailing news, events and blogs | Yachting World

        Yachts & Yachting
        - Sailing news as it happens - YachtsandYachting.com

        As for the copywriting for a high spec yacht here in the United Kingdom, I'd do what everyone else in the market does here...

        Keep your wording to a minimum, factually precise and to the point. Technical specification is what most of these buyers are interested in not sales copy which tries to sell the romance of sailing in a high specification ocean cruiser.

        Use plenty of photos, panoramic photos if at all possible or professionally shot video.

        Most of the potential buyers in this market will know in advance exactly what they're looking for and why. You don't need to try and convince them with superfluous written language. It's not required.

        The right buyer will either decide from the technical spec whether or not s/he wants to give her a viewing where ever she's lying or not as the case may be.

        Warmest regards,


        Mark Andrews
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    • Profile picture of the author Steve Hill
      Originally Posted by gjabiz View Post

      They look at FEATURES and buy from EMOTION.
      That's been my experience too - the features get them looking at the boat, and the emotional appeal sells it. Sure, it'll go to the outer islands...to the offshore oil rigs...trolling for marlin...sail to Baja. They'll probably never do any of those things, but they want to know it can...and in the back of their mind, it's a selling point for the next buyer too.

      Hardcore fishermen are a little different - they'll buy for features like transom doors, outrigger systems, torpedo tubes, live bait wells, and deluxe washdown systems. Well, that and the dreams.

      But the weekenders, especially for upper-end boats, want all those cushy features to impress, and just to know they can do any of those things should they ever want to.

      A trip to Newport Beach on any weekend features a constant parade of proud owners showing their expensive boats off and entertaining, while barely leaving the harbor.

      But the funny thing is, selling dreams works for about any boat. I've sold leaky battered 12' aluminum boats with worn-out temperamental engines for a good price by simply selling the salmon fishing they could do with it.
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      • Profile picture of the author Mark Andrews
        Banned
        With all due respect Steve, I really do not believe at all here in the UK any amount of sales copy all dressed up is going to help to sell this yacht any faster.

        We're a sea faring nation, there's tens upon tens of thousands of yachts and boats for sale here. And at the top end end of the market you know I've never seen anyone advertising their yacht for sale with long drawn out sales copy trying to sell 'the dream'.

        If this was the most effective manner in which to sell yachts and boats in the £100k price band upwards everybody would be doing it. But in pretty much every single case the ads designed to sell such yachts and boats follow my posted format above as regards the text used.

        These people know exactly what they want, they're not typically first time buyers. What they're interested in is the tech spec and condition. Nothing else.

        There's a glut of these kind of boats presently on the market, the choice is absolutely staggering - people want to know the info required quickly and easily so they can very swiftly make an informed decision whether or not to call up the broker concerned.

        His best bet (Nick) is to advertise the vessel in the manner described at either one or a combination of these websites (below) with a decent range of photos highlighting her best bits or to take out ads in the monthly yachting magazines which I posted in my previous reply.

        BoatShop24: homepage | Boats for sale, new & used boats and outboards for sale, UK & Europe. Free classified boat ads

        Boats for sale UK, used boats, new boat sales, free photo ads - Apollo Duck

        Buy and sell new and used boats at Boats and Outboards

        Keep it simple. Simple sells in this market in the UK.

        I should know, I've lived for 44 years in one of the top sailing ports in the UK if not in Europe. It's all everyone talks about here - the whole town revolves around sailing and the sea.


        Mark Andrews

        PS Also checkout The Southampton Boat Show website...

        http://www.southamptonboatshow.com/2012/home.aspx
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        • Profile picture of the author Mark Andrews
          Banned
          Another little idea Nick, something which might just generate a lot of interest, certainly more potential hot leads for this gentleman's business, is to think about putting up one of his yachts as a raffle prize.

          Take a yacht priced at £50,000 for example, still going to be a half decent spec for the money with broad appeal across a much wider spectrum of potential buyers interested in yachts in this price range.

          Set the raffle for a time period of not less than 6 months and raffle off tickets at £1 a pop.

          Obviously some people will buy batches of tickets in the hope of increasing their chance of winning. 50,000 raffle tickets being the target - this is his break even point.

          Advertise the raffle in the main national newspapers by way of a simple classified ad. This idea / approach you could write a decent sales letter for, to generate a lot of excitement and interest.

          Then have him create a new page on his website to direct interested parties to which also outlines the terms and conditions, legalities etc underneath your written promotional piece.

          In yachting circles this idea could take off and who knows, he might just sell many more than the 50,000 raffle tickets. I guess this would depend on the amount of excitement you can generate via the sales copy for this method and combined (his head and yours put together) your marketing skill prowess.

          Either way he wins, both in terms of getting the asking price for the yacht in question not to mention all the publicity which could come his way from this idea when this goes viral.

          Don't forget too in doing this... he's actually getting people to pay him directly to be on his mailing list which said opt-in subscribers are going to be genuinely interested in each of his emails sent out for his latest news updates. People he can market to for years to come. Priceless.

          Anyway... just thought I'd toss the idea out there for you to think about.

          Warmest regards,


          Mark Andrews
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  • Profile picture of the author RickDuris
    Wow, this is WONDERFUL! Three different viable strategies for selling a high-end boat. Makes me want to head over to Newport Beach and put flyers on all the docked boats saying "I can sell your boat! Call me!" - Rick Duris
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    • Profile picture of the author gjabiz
      My niece was part of a small crew of 6 people who would CAPTAIN and CREW certain size (modest, a bit smaller than Tiger Woods' yacht) yachts to the Caribbean...AND...

      They were often hired to DELIVER a boat, from West Palm or Miami to HUNTINGTON Beach or Greece or whatever.

      THROW IN THE CAPTAIN AND CREW as part of the sale, the new owner gets to "skipper" his boat with friends while the hired help get him where he is going safely and in style. My niece is a graduate of a prestigious Culinary School and you'll find most crews, big or small, to be very catering to the new owner.

      Many good size boat owners may lease their boats out, and now, there are even time shares.

      I like the idea of having a BUYER'S party as suggested above...and make sure to get plenty of the Nouveau Riche ( read Internet Marketers HA)...cause they need to get classy fast and so, be sure to invite the latest winner in the Google just bought us out crowd...sure things.

      The smaller boats and yachts like the one being sold here, cater to a different type of crowd...but, still...nothing beats new money for selling a boat to.

      gjabiz




      Originally Posted by RickDuris View Post

      Wow, this is WONDERFUL! Three different viable strategies for selling a high-end boat. Makes me want to head over to Newport Beach and put flyers on all the docked boats saying "I can sell your boat! Call me!" - Rick Duris
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      • Profile picture of the author ewenmack
        I recall Chet Holmes saying how he never thought of
        being on the water in a luxury boat would have such a
        de-stressing effect.

        It was a friend who took him out on a trip and from that experience,
        went and bought one.

        This is a market segment [new boat owners] where your whole effort is to get e'm
        on board, because they sell themselves on buying their new love.

        Best,
        Ewen
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  • Profile picture of the author The Copy Nazi
    Banned
    There's only one way to approach this - with authority. You absolutely must know what you're talking about. As Captain Andrews says -
    Most of the potential buyers in this market will know in advance exactly what they're looking for and why. You don't need to try and convince them with superfluous written language. It's not required.

    The right buyer will either decide from the technical spec whether or not s/he wants to give her a viewing where ever she's lying or not as the case may be.
    If you try and write copy for this like you're selling used cars or something it aint gonna fly. Yachties will see right through it. If you don't know boats then you need someone in your corner who does.

    Captain Copy Nazi
    Master Mariner (Class V)
    (I once delivered a yacht like this - from Sydney to The Whitsundays in The Barrier Reef)
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  • I wouldn't sell the dream but in addition to the critical specs and details I would try to personalize it much as possible. Look at this boat review:

    True, this is a TV segment and not a private party selling a boat. But I like the way he explains the features and benefits. He's not over-cooking it and seems credible.

    Can you get the owner to do a similar walk-through on his Bavaria? Have him talk about specific features and how he personally benefited from them. Something like, "Right under this panel you can see that the Bavaria 47 has easy access to the engine. I found this to be a real advantage when we stalled out just off the southern reach of Chesapeake Bay last summer and a bad storm blew in--I was able to get us up and running quickly."

    Surely it wouldn't sound that corny! You get the idea.

    More than likely he will remember specific details and personal stories about the boat(s) as he does the walk-through. Let him go, edit to the good parts and post it on his site. The written copy could even use information from the video.

    This way the pitch is more personal than a list of features and addresses questions that may be going on in the buyers mind. Even if they are experienced sailors/boat owners they'll have questions about the Bavaria that a video walk-through can help handle in advance. And his credibility, knowledge and enthusiasm for sailing should shine through.

    Something like this but better .


    And don't do any of this stuff:



    And writing like this might be too much?:
    http://www.mediabistro.com/agencyspy...f-clubs_b35338
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  • Profile picture of the author Nick Brighton
    Some fantastic responses folks, I appreciate
    every last one of them.

    I guess the underlying theme is that it depends
    on your demographic... and your demographic
    depends on your boat.

    I can see how new rich crowd would cream
    over the dream, and experienced yachties
    would want to cut to the chase.

    Some great ideas too, thank you.

    Mark - the raffle idea is a nice
    touch, m y only concern is the
    monumental risk involved if
    it flops.
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    • Profile picture of the author Mark Andrews
      Banned
      Originally Posted by Nick Brighton View Post

      Mark - the raffle idea is a nice
      touch, m y only concern is the
      monumental risk involved if
      it flops.
      Like I said I was just throwing an idea out there Nick.

      Of course, with your sales copy behind this the chance of this happening is negligible. It's a lot easier to generate massive excitement over a £1 raffle ticket spend than it is to write the sales copy to sell a £50,000+ yacht outright.

      It's simply a case of writing the most captivating copy possible, build up the dream, the excitement and like all Internet marketing, drive massive amounts of highly targeted traffic towards your £1 offer. Easy.

      Every traffic generation strategy is already available on this forum. Just one idea springs to mind which will guarantee Google page 1 for the toughest single keywords in this market - press releases. A £1 raffle for a £50,000 yacht is newsworthy indeed.

      And then, even if the risk is deemed to be too high at £50,000 try a lesser valued item from his chandlery range to test the theory out first.

      Take for example the fact nearly every decent sized yacht needs a good tender and outboard package. The gentleman concerned could offer up a raffle prize... a small 4 person rib and 2-4hp outboard. Total cost about £2,000 give or take.

      Tenders often get knocked about and need to be replaced often. Even a small ticket item like this could generate some decent interest. Everyone likes to receive something for nigh on free. To increase the chances of getting more raffle tickets sold, have him offer 50% of the proceeds to the Great Ormond Street Children's Hospital or the RNLI.

      I'm sure you could both come up with something together to make this worthwhile, whilst still minimising his financial risk, which will still capture the public imagination.

      Warmest regards,


      Mark Andrews
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  • Profile picture of the author EaglePiServ
    You might want to check with local regulations on the legality of running a raffle.

    Many jurisdictions view a raffle as a lottery and since most places now have national lotteries, you might be running afoul of some obscure regulation instantiated to ensure the government gets their "vig".
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    • Profile picture of the author Mark Andrews
      Banned
      There's nothing illegal in the slightest about running a raffle in the United Kingdom.

      They're been around since God knows when, it's a national pastime running raffles for various purposes.

      I wouldn't have offered the idea up as an alternative if it was illegal, would I?


      Mark Andrews
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      • Profile picture of the author Nick Brighton
        Originally Posted by Mark Andrews View Post


        Of course, with your sales copy behind this the chance of this happening is negligible.

        Mark Andrews
        You obviously haven't seen my sales copy...

        (jk!!)

        Thanks Mark, some really creative thinking and
        an idea I may well pursue.
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  • Profile picture of the author RickDuris
    Don't stop you guys! You're on a roll! - Rick Duris
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  • Profile picture of the author EaglePiServ
    Originally Posted by Mark Andrews View Post


    I wouldn't have offered the idea up as an alternative if it was illegal, would I?
    How could I possibly know what you would, or wouldn't do?

    I wasn't referring specifically to you at all. Rather, I was merely suggesting the OP double check. I have experience in these matters.

    There's nothing in his original post which suggests he's from Britain. There's nothing in your profile to suggest you're from Britain either.

    But you know better, so there you have it.
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    • Profile picture of the author Mark Andrews
      Banned
      Originally Posted by EaglePiServ View Post

      There's nothing in his original post which suggests he's from Britain.
      Other than a ruddy great £ (Pound) sign in the thread title of course.

      Or my British spelling in my replies on this thread.

      No, nothing to suggest it at all.


      Mark Andrews
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      • Profile picture of the author EaglePiServ
        Originally Posted by Mark Andrews View Post

        Other than a ruddy great £ (Pound) sign in the thread title of course.
        Ahh, - you are right - I missed the pound sign. My bad.
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  • Profile picture of the author mrdomains
    The Bavaria 47 is a family boat. It is also a stylish sailing boat of respectful size that requires at least a modest amount of skill to operate. Your client is a somewhat affluent family man of middle age with a job that offers ample leisure time, preteen/teenage kids and a wife who knows how to handle docking and probably sailing.

    The boat is not uncommon or very special so you need to highlight any particular characteristics for why the buyer should choose this specific boat. The buyer will already know if the Bavaria 47 is a good sailer, how it copes in rough weather and how many beds it might have. He has already been inside it, either on a boatshow or at a waterfront broker. So you will need to highlight something that you can't find in the brochures. For example, has it only been sailed in sweet water? Does it have a special engine? Special rigging? Famous previous owner? Allergic owner? (good because it will have been kept immaculately clean), etc etc

    Price matters too. Second-hand high ticket items (that 99% of the time are financed) are often a harder sell than new ones, even though the price tag will be higher. Unless the boat is pristine, or has something that makes it very special, the price difference between new and second-hand has to be substantial. Status matters, and if you are buying this kind of boat, having it new out of the box does matter, socially.

    As others have noted, dreams and impulse are vital - try to get images of the boat which differ from the standard type of boring tied-to-the-dock and internal shots... those already fill every webpage and the printed brochure he already has. Happy faces, sunshine and waterspray, or closeups of the extremely special oddities of this particular vessel.
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