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Go Ahead, Keep Rebuilding The Mousetrap. Tip: You’re Trying To Catch A Cheetah

Stop what you're doing. Right now! Look back, quickly. Look back for a while. No, not over your shoulder silly. If you've been at least somewhat involved in the digital realm over the past 3-6 years, take a hard look back. What have you done? Where did your advice come from? How much time have you lost? How much momentum have you gained? How many wins have you had? And how many losses?

Everything changes, we know that. We also know that one man's garbage is another man's treasure. So in your looking back, what have you really learned? This is a little beacon asking you to close the door (or if you're in a cube or BDC or somewhere without a door, pretend to) and think about who, what and to where you were following. This is not a call to go back to basics, which is garbage, however it's a call to think. For yourself.

Too often we go with those that have been penned as the thought leaders, gurus, experts, published authorities, subject matter experts, pros, top of their gamers and the like. So that begs a question: what has been constant in your digital presence for the last three years? Four? Five?

Chances are, not much.

Fact is a lot of people, namely business owners and executive management, are scratching their heads over the past months asking themselves "why did we go down the (fill in initiative here) road?". Is SEO alive or dead? Does social media work or not? Did the new close work or deter customers? Was mobile marketing right or wrong? Great questions. Think about it this way: did your last tent event sell lots of cars? But….that's not digital, right? A tent event or massive offsite lot sale is not, true. Neither should your thinking.

All those things promote traffic, sales, new customers, conquest, retention and more. Of course they do…you can ALWAYS sell. Digital strategies are no different than picking up a good book. They're cause to make you think. Not copy! Short term gains never win over long term thinking. And to think you need to know or be on the path to knowing better.

Sometimes it's funny how operators operate. There's a lot to be said about how dealers are afraid. They're afraid to spend or try new things or go off into unchartered territory. Not to defend them, the truth is they're bombarded. And by everyone that has something to sell from $.02 pens to $20M facilities. And the shiny new thingamabob fits squarely somewhere in between.

So in your reflection, look as specifically as possible at what was done over your foray into the digital world, and what was not done. You see a lot of people are selling new mousetraps and reworking the old ones. Yes, for the most part they work better. You can only be a judge, just like with a book or white paper or study at a conference, after the fact. And quite a few have benefitted over the past years due to their desire and ability to win in the digital realm and congrats to those who have.

Just a heads up that you're trying to catch a cheetah, not a mouse. A cheetah can still run at over 60 miles per hour with a mousetrap clipped onto its paw. That is until it gets smashed to smithereens and the cheetah goes on as if nothing ever happened. There are so few mice in the digital realm today and most have mousetrap detectors.

There are some big things coming. Here is a heads up that the next big thing is not in hardware, software, advertising, marketing, mobile apps, CRM, retargeting or templates. You'll have to think about it. For those that do get it the remainder of 2012 and 2013, as well as going forward, will be easier.

If this was a hard one to understand, keep reading and coming back. And thank you.

If you got this, see you at the DrivingSales Executive Summit October 21-23 at Bellagio in Las Vegas…and please keep reading. We'd love to hear from you, you're our kind of business.

 

Best Practices: Professional Insight, Powerful Results

 

IMACS To Speak At Upcoming Digital Marketing Strategies Conference In Napa

IM@CS is pleased to announce that President Gary May has been invited to speak at the upcoming PCG 2011 Digital Marketing Strategies Conference in Napa, CA just prior to the National Automobile Dealers Association (NADA) conference in San Francisco. As things continnue to shift online for the automotive industry, the time dealers have to reassess their activity, brand and resutls online is extremely limited.

Like the PCG event prior to NADA 2010 in Orlando, progressive dealers are expected to get answers to their questions, sound strategies to move forward, relevant data to build from and more. Attendees will take part in three different workshops per day, bookended by breakfast and "Wine Tasting Optimization (WTO)" receptions prior to local Napa dinner engagements that are expected to be the talk of NADA.

Gay May will be joined by Christine Rochelle, Alex Snyder, Matt Murray and Glenn Pasch with keynotes by Brian Pasch, Jared Hamilton and other special guest speakers. Speaker bios and session times can be found at http://www.digitalmarketingstrategies.org/digital-marketing-strategies/agenda/ as well as registration and lodging information.

As the market continues to favor businesses that are focusing online, engaging consumers, responding to input and reviews and retaining their customers properly via the web and other tools, the sessions on February 2-3 will provide the latest in some of the ways to address today’s automotive retail environment.

Heading to San Francisco for NADA and willing to add on a few days that can more your business? Join us!

It’s Time To Do A Few Things Well

Most people that read this blog that are in automotive retail probably have one thing in common: they can do one thing really well. Sales, finance, management, etc you're likely not fresh in your position or field. You've been trained, taught, updated and (even if not very effective) sent to seminars, events and trade shows. People looking for more information, especially in this format, are those that want to learn…to be better, earn more or lead their field.

So, it's time for you and your colleagues. Time to do a few things. This is not a way to say that you're only doing one thing. Rather that the automotive retail, and even most of the headquarters, needs to venture outside of the comfort zone in regards to being more effective, using multifaceted strategies and new technology to deliver better results.

There is raging debate on what works and doesn't tied into whether or not fads and technology work: social media versus the tickler file, direct mail versus ads, text marketing versus a note, text codes/integrated mobile marketing versus billboards, Internet departments versus the floor, CRM versus the 3 by 5 and the salesperson's memory. Folks, what are afraid of? What investment is not worth it if customers will consume it? And why is the debate still going on at all? If it works for you, do it.

Oh, and then there's the budget and resource excuse. It used to be that the argument was simply "if I drop my newspaper and TV ads, traffic will stop". We all know today, without question, that's not the truth. Period. Now days it's "I can't staff competent people to handle live chat", or "how can I have someone post on social media ll day and still sell the cars they're supposed to?".

That's not the point. It's simple: do the same things, get the same results. Stop thinking of a technology, solution or new mouse trap as a stand alone aspect of your business! Everything creates either consideration or traffic that should convert. You might think about things this way:

1. Your website is the center of the universe. All traffic should ultimately go there. Leads convert there or because of the information gained there. While not the most dynamic part of your marketing, it is one of most easily tracked, can be modified nearly on the fly, enjoys the benefits of multiple sources and provides seamless integration. Oh, and you own it (or if you don't, you now know you should!)

2. Invasive marketing is meant to drive specific contact or leads but rarely meant to drive traffic to the website (which should change): direct mail, outbound calls, inserts and other forms of non-requested contact. Still works but typically not tailored correctly for higher conversion. If dealers started using their data correctly, ROI would increase (or start actually). Upside is that the receiver is not expected to do anything other than look or open their mail or drive by something while the downside is that tracking is poor and is not on the consumers terms.

3. Passive marketing is meant to involve your customers with your brand and includes events, ride-and-drives, social media, giveaways and more. Benefits are that it can be tracked more accurately than any other off-site media, costs are typically lower than (if not practically dirt cheap) traditional marketing, engages consumers at their want/need/desire level and offers great sharing and word-of-mouth.

Two and three are supposed to make one work better, consistently. It's incredible to think of someone that controls the marketing spend at a dealership or group using invasive marketing as the majority of their focus while the same person doesn't use the media they buy when they consume content! Put even more appropriately, why do you market or advertise expecting it to work when you've not successfully asked or tracked how your customers engaged, used and responded to your marketing? The first dealer that says they source successfully over 50% of the time, your staff is…well…not being honest.

It's our job to know what our customers want, not what we want them to want. If you're a top producer at your dealership, how can you deliver more? The answer isn't that you can't. Or that there's not enough time in the day. Or that you're waiting for the new model because nobody wants to buy what's being replaced. It's time to do a few more things well.

Are we recommending that you get into a fist fight with your GM about opening up the firewall that your IT director clamped down so tight you can't get an email out to your mother? No. What we are recommending is that you find the time and ways to make your time and results more effective and productive.

These things don't happen by themselves. We need to push ourselves into uncomfortable territory for a while and commit to seeing the results through.And don't lay down because your factory rep doesn't understand how your CRM works or what a tweet is or that you can actually talk with people on Facebook.

Do one new thing…then do two things…and they will come! Yes, silly, the customers.

Best Practices: Professional Insight, Powerful Results

Webinar: Ward’s eDealer 100

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Ward’s will introduce you to successful dealers
from the Ward’s e-Dealer 100, each of whom have implemented unique sales
strategies for driving sales. The Ward’s e-Dealer 100 is considered the
industry’s benchmark for measuring top franchised new car dealerships
by Internet sales, and we have selected dealers from our list to offer
insights into the business practices that helped get them on our
ranking. Our webinar discussion will offer real-world examples and best
practices to help you craft effective new Internet strategies. You can’t
afford to miss it!

Ward's e-Dealer 100
Wednesday, April 14th, 2010 — 2:00 PM ET | 11:00 AM PT

Sponsored by:

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Free Live Webinar: Doing a Website Redesign for 2010 with an Internet Marketing Strategy in Mind

The
Internet has made apparent that a company's website is an increasingly
important asset, and many businesses are now embarking on website
redesign projects to "improve" their websites. However, in order to
really get the most out of a website redesign, companies need to
construct their website in the context of a greater Internet marketing
strategy. Attend this free webinar presented by HubSpot's VP of
Marketing, Mike Volpe, to learn stategies for a successful website redesign.

This live webinar will cover:

  • Before you get started: when and why to do a website redesign
  • Keyword research to build out website content strategically
  • Building your website's reputation via blogs and social media
  • How to measure results from your Internet marketing efforts

Live Webinar: Wednesday, January 13, 2010 at 1pm EST


Reserve Your Spot For This Free Live Webinar

Don’t Worry About 2009…Unless You Have To

If there has ever been a time to realize the benefits of creating and executing on new strategies, it is the coming year. For those who went digital, got behind online completely, build their brand and reputation where the public actually spends their time, engaged their clientele via effective software and database activities, you will already have a great look into how your 2009 will sort out. Keep doing what you're doing and don't worry.

Now, if you haven't spent time assessing, looking at, determining and then executing your Interactive strategy, you have one decision with two options. And if you do opt for the 'stay in business' route, be prepared for a significant amount of technology this year, even simply from an integration standpoint. Things on the software, video, mobile and other aspects of marketing are going to accelerate.

Over the weekend, a number of conversations I was around included statements about newspapers, relevancy and readership, none of them positive. Separately, two people will be buying vehicles by March, their impressions already biased by sites they like. Others talked about past experiences being indicative of the future. Many people talked about making brand decisions based on the automotive industry coverage in the media, so I straightened those out at least. But overwhelmingly, people are using the web and not thinking about stepping foot in a dealership that is not in their specific scope of consideration.

Everything points to us having to do a better job attracting and connecting to our customer base online. It's winter, when is the last time you've had a banner ad on the local online traffic reports or weather updates on your local network news' website? Do you have links from local businesses' websites that have purchased vehicles from you? Even though we've focused a lot of attention on this lately: how many customers are providing online testimonials for you? (read: not many! Need ideas to get your customers to do that? here's one: ask them).

Your 2009 results will be based on what you are doing today and have been doing for the past few months. Those leads and customers are going to share their experience with others. The brand impressions people received months ago will undoubtedly affect who walks in your door tomorrow. There is no denying that your 2009 will be build on your ability to create a more significant presence in the areas where people consume media and data. Who's blogging, commenting and Twittering for you?

Challenge yourself to layout a plan for the first quarter that is web-based, create an environment of support throughout your entire store and get everyone to assist in deploying your new brand strategy. Get creative, become savvier, see yourself doing things that are not comfortable but will deliver results and ultimately take back ownership of your future.

There are a number of events that are dedicated to the Internet side of the business at the beginning of 2009. Commit to making those a part of your strategy and don't back out. Go the extra mile to figure out what you are going to do instead of being a victim of current circumstances.

Leave the worrying to others that don't take the time to invest in their future. Be confident in your direction and commitments. Spend your time and energy on things that deliver results rather than doubt. Thank you for reading this, now do something else online to further your business!

Best practices: Professional Insight, Powerful Results