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What Are You Waiting For? It’s Already Been Here And The Train Left The Station…

Many people that are concerned in all types of businesses talk the same talk today: waiting. Some have been waiting for a new administration, some for a car czar, some for banks to loosen up, some for 'the bottom' and some just for the fun of waiting.

When you're in business, you can't wait especially when it costs you money. In the car business, it's been about waiting for people 'to really go online' or for the 'next up', or even the holy grails of 'cheap gas', 'more hybrids' or 'better advertising'. You can wait as long as it takes you and your business to turn the lights off.

Or you can become the car czar, the new administration in your dealership, the VP of Internet sales or even the authority for your entire area. Why do reporters cover auto stories IN FRONT of the "fill in the brand" dealership WITHOUT interviewing staff? The point is you can't wait, you have to act!

When I was at CarsDirect.com nine years ago, I heard a lot of 'nobody will buy a car online!'. Now my memory is likely not spot on, but I believe sales hit over 12,000 units that year. Anyway, you can keep waiting for people to hit your showroom after visiting your (mostly) average websites or stop waiting, start changing and keep changing.

Waiting does not typically evolve into a leadership position, even if it does work in your benefit every now and then. Now there is inherent risk in not waiting and taking a position on the front lines. But now is the best time to make the move.

It sounds like NADA dealership attendance (via pre-registrations) is down around half, depending who you talk to. That means A LOT of people will save one, two, maybe three thousand dollars over the weekend. It will likely cost them tens if not hundreds of thousands of dollars this year. What are you waiting for? I'll see whoever is going there to share ideas, meet vendors and start making more decisions that will grow business.

Oh, I'll be Twittering from NADA (@imacsweb on Twitter)

Best practices: Professional Insight, Powerful Results

January 21, 2009 by Gary May 0
Taking The Fear Out Of Online…One _______ At A Time

Even though you've already heard it: If you want to succeed in business today, it has to take place online. For us in the auto industry, that's truly more the case than not. But the fact is it's not harder than it looks or sounds if you have the right assistance.

Maybe it used to be much easier, in some sense, years ago when you'd place an ad insertion, sit down on Saturday, Sunday or whatever day of the week your ad would display, grab your coffee, flip the right page open and smile. "There's my ad" and "oh, so much better than their ad!" (looking at a competitors ad). You could touch it, feel it, see it and gloat over it. Somewhere before the newspapers started failing rapidly, you were paying A LOT for advertising there and in other media that is not capturing an effective audience today…in the least.

Now here comes the Internet, offering the ability to reduce budgets by 30, 50, 60 and even 75% percent and get a more effective (yes, more effective) reach and ROI, let alone transparency and accountability. You can hear the dealers backing away from their monitors right now. How (and why) can you have faith in something with no true ability to be tracked, where circulation and impression rates mean practically nothing, then look at the web and say it's not for you?

We are not talking about the "I don't get it" excuse. Let that flimsy fallacy go the way of the Dodo Bird. This is the simple message: In most markets $2,000-$4,000 monthly of well-placed spend after 60-90 days will replace what $15,000-$25,000 plus used to drive. Absorb that…call your website or SEO/SEM company and start, today. And stay in it for at least 90 days before you make any judgment. This is not a 'run and gun ad' world. This is a 'stick with it' world.

So it doesn't matter if it's one ad, one car, one store, one promo, one incentive, one anything. The only way to take fear out of something is to do it. Stop making excuses: you're astute, successful, experienced and capitalistic, even though somewhere along the line fear replaced confidence and the Internet replaced the 'Sunday Times'. Oh, you might even end up building a brand…imagine that!

And by the way, if your website company can't handle it and/or you don't have an SEO specilist, head to NADA in a couple weeks and to Digital Dealer in April and get one (see you at both events!)

Best practices: Professional Insight, Powerful Results

January 15, 2009 by Gary May 0
If My Ads Won’t Bring Them, Santa Will (and other misguided beliefs)

If the auto industry is living on one thing right now, it's hope. Not that hope isn't good, quite the opposite. But if your plan to drive traffic, sales and retention is based on the hope that people will see your ad, or that people will stop right off the freeway because your sign is there, please stop and think again.

Recently I was at a client, talking with a "non-Internet" salesperson. This person was complaining about the prospect of taking web leads since they were 'already responsible for about 600 orphans' in their system. Talk about kicking a gift horse in the mouth, but game on!

What you believe and what you perpetuate will, like it or not, manifest itself for you. Why is a person who contacts you via an email any less of a customer? Between 15 and 20% of Internet leads buy from the first store they contact. About 70% buy from a subsequent store. What are we doing or better yet not doing with our customers?

In a meeting last week, an OEM National Manager related a story about a neighbor of theirs. This person had submitted leads to all their area stores and was told by everyone that responded (not all did) that the request was for a vehicle that was not available in the entire region due to allocation not being built that way. Well, a dealer about 300 miles away got this person's next lead, found the car inbound to a dealer about 1,700 miles away, traded for it, shipped it in, the person flew in one way and drove their new car home (over 7 hours).

You could have the 'best' ads in the world (even online!), the 'best' inventory and even the 'best' facility, but you can't count on those to deliver customers (especially completely satisfied ones) to you…and neither will Santa (my sincere apologies to the jolly one).

Best Practices: Professional Insight, Powerful Results

December 1, 2008 by Gary May 0