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Posts with return on investment tag.
Feedback: So What Exactly Does IM@CS Do?

This post is a long time in coming, even though not our typical cup of tea. Why? Because we want clients and the industry to understand more (and in some cases, even something) and talk about us. Tooting our own horn is a turnoff, and publishing papers, studies and books with mostly repeated content is deplorable. However, after nine years of “what does IM@CS do?”, it’s likely (beyond) time to make it a little more known…

Interactive Marketing and Consulting Services (a.k.a. IM@CS) was founded in September 2007, when the amount of non-vendor companies/consultants dedicated to digital in the Automotive Industry could be counted on two hands. In other words, if you don’t count website developers, ad agencies and the like, you could hire less than 10 entities to truly grow your digital results independently.

Some of our firsts that lead the industry:

  • Website maintenance (developed into SEO Services) started December 2007 and micro-sites in 2009
  • Social Media services started in December 2007 (we launched the first Audi and second Porsche dealership on Twitter, for example, and many of the first-50 on Facebook dealership accounts) and most followed 3-5 years alter. We are the pioneers of automotive retail social media.
  • Vendor coordination/accountability yielding fastest-in-class response times (with Gary’s background at eVox, Edmunds and izmoCars, nearly all OEMs, Tier 1 and Tier 2 vendors were on a direct, one-to-one relationship with IM@CS before other digital consultants knew them)
  • First OEM-direct relationship (Toyota/Lexus) secured in January 2008, educating hundreds of Lexus dealerships around the country (replaced incumbent and scored highest dealership satisfaction from the summits over a five-year period)
  • Mystery shopping of dealers in 2007 (started in 2004 while at eVox), then introduced lead scoring (rather than mystery shopping for clients) in 2011 and rolled out to OEM programs
  • First 20 Group presentations in 2009 (Porsche US Pre-Owned Forum and Volkswagen Canada digital) yielded transformational changes for dealerships
  • Advocating, coaching and maintaining online reputation management since 2008

Not easily known unless you followed IM@CS in the early days, our work resulted in many industry-leading benchmarks as well as brought other consultants and vendors to the forefront and awareness over the past nine-plus years. Gary May has been a sought-after speaker since opening the J.D. Power & Associates Internet Roundtable at Red Rock Casino Resort in 2008. In addition, Gary has spoken at the first six years of DrivingSales Executive Summits as well as dozens of other conferences, 20 Groups and private vendor events. Eric Trytko and the content team have driven industry-exclusive vehicle editorial and content direct from auto show launches since 2010, something that no other dealer provider has done (most repurpose OEM and publisher releases and articles or use spun -software based- content, a search-engine flag).

IM@CS has created over 350 blog posts and has contributed to top Automotive forums.

Our team (currently a staff of nine) touches all parts of your digital presence:

  • Website maintenance
  • Search Engine Optimization (SEO)
  • Search Engine Marketing (SEM)
  • Social Media content management and marketing (organic and paid)
  • Reputation Management (tracking and maintenance)
  • Creative assets (banners/graphics, landing pages, email marketing)

We carefully vet all dealer digital processes through hands-on assessment, highlight low-hanging fruit as well as build long-term strategies, weigh competitors plus develop strategies around acquisition and conquest, bring unrivaled education to executive and management-level staff and build unmatched results for salespeople.

Some of our competitive advantages and benefits to business leaders:

  • Out-of-the-box solutions (no cookie-cutter/duplicated approaches including content and lead management/CRM/templates)
    • what works in your store, not others
  • Commission-free vendor recommendations (giving up 5-and 6-figure revenue per year in kick-backs)
  • Best-practice approaches influenced by both automotive industry leaders as well as out-of-the-industry strategy and results
  • Six day per week support 6a-6p PT and beyond
    • Most requests receive 24-hour turnaround

We have been a trusted, non-contracted (month-to-month services since day one) partner for dealerships with an average duration of over two years and we have been hired back or advised by 25% of our clients. Our partnerships with stores develop long-lasting results while keeping executive management up-to-date with all digital aspects. Our R.O.I. is unmatched in over 90% of clients.

When you and your business are ready to stop splitting hairs with me-too vendors and are ready to grow your sales, marketing efficiencies and knowledge in order to build sustainable results, contact us for a review call or an assessment meeting. Yes, it can be this simple to stop receiving only slight benefits while paying vendors for their lifestyles. And understand why, in most cases, your co-op OEM-run programs will never serve you to profit and actually only serve your vendors and manufacturers with piles of data about you and your operations.

 

Here’s to your success in 2017!

December 9, 2016 by Gary May 0
Want R.O.I. on Anything? Start Using Anything! (Or Settle For B.S.)

One of the first questions that is asked of us when engaging a dealership is “what is the R.O.I. of (fill in the blank)?” Well our friends, from leads to software, to websites and PPC, the question that is being asked is wrong.  If you ask what is the R.O.I. of a product, let me ask you what is the R.O.I. of air?

Well, it’s noting if you don’t use it.

Over the past seven years, we have proven over and over a multiple R.O.I. on all digital aspects compared to before we arrived. And remember, that is usually with no or little vendor changes. Why is this? Because there is no return of investment without education, understanding and utilization.

Dealerships usually buy due to fear or loss, standardization or acceptance of a product, or a unique opportunity (first-in-market). Rarely are those opportunities truly vetted out. While we are not saying to stop before purchasing a product or service that has market penetration because there is a compelling otherwise to do so, we are advocating full assessment prior to signing.

Take lead providers, for example. While most have taken a (B.S.) marketing position and away from you buying leads, most dealers have more “opportunities” in their ILM/CRM than they know how to handle. Buying more leads? Usually you drop your R.O.I.

Also, return on investment is calculated improperly. Is it closer to income and expense or profit and loss? Yes. Until you are properly educated, coached and assessed regularly, there is no R.O.I. because the assumptions are in the wrong place. Show me a dealer closing 10% of their leads, add another provider and, after six months, you will have a dealer with a higher cost structure closing 10% of their leads. Insanity.

Spoiler alert: do the math, work it and get results. For every new website, software, marketing tool and process, you must back it up with hard-core training (no matter how much that word sucks) and sustainment. That is how our average client that buys in fully to our processes and business rules doubles results in less than a year.

Recently we have heard about more catastrophic website or software installs than ever before. What’s the R.O.I. on a vendor search, pitches, proposal and negotiations, set-up fees, months frustratingly lost followed a switch back to the previous or another new provider?

Stop talking about R.O.I. until you spend more on your personnel, education, accountability, scoring, bonuses (not get-it-done spiffs, by the way) and intra-staff support. That’s when you get return.

Until then, you can continue to buy based off of “your competitor is using this and they’ll eat your lunch” or “only 5 more cars sold with our biz-bang-boom and you’re in profit!” or any other snake oil sales job you fall for.

Oh…and one more thing to consider. Results occur top-down with an true ownership, understanding perspective. Not bottom-up make this work garbage. So take that pill and swallow it…

 

Best Practices: Professional Insight, Powerful Results

 

August 27, 2014 by Gary May 0
Google Plus Pages Allowing Dealers To Do More (Half-Baked)?

With innovation and technology comes missteps and half-hearted attempts to "do it". As more dealers encourage their staff, and many times vendors, to push into new technology, software and social networking, which should be commended, the volume of missteps and simple ignorance increases as well. It's simple: if you don't know how to do something, get assistance. Just winging it in today's market won't pay dividends nor register with the public when it counts.

Google Plus Pages Equals Unknown_SMALL

Google Plus Business Pages launched more than a week ago and searches with typical terms (Toyota, Honda, Ford, etc) on G+ turns up car dealerships using Google Plus profiles as businesses. Not pages, Google Plus profiles as in personal pages. This is absolutely the same lack of common sense and willingness to "ask for directions" that has thousands of retailers on Facebook personal profiles rather than the appropriate business pages.

No different than buying a CRM and not utilizing more than 40% of its capabilities or paying $699 a month for a website without SEO services, multi-million dollar establishments continue to fudge it and then wonder why things "don't work" or "provide revenue or ROI". It seems that the more technology and opportunities avail themselves, the faster car dealers are willing to say "we don't have any more budget", "we're not looking to go after every thing we can possibly buy" and the ever-popular "we already are doing a great job using what we use". So things go 'round like they always do: crap in, crap out.

The jury is in on your decision to half-ass things: you're wrong! The rule is go big or go home.

When sales, service and parts staffs are quick to Google the latest part that a customer brings up, right after they check ESPN highlights on their smart phones, why do things stop before the extra click to search for "setting up google plus business pages" and reading a quick particle or, better yet, watching a two-minute video that explains everything to properly establish their presence. Naw, it's better to wait until it's seemingly too late to make a change and your competition that you "beat" now has a more established foothold in the same technology, website or service. A local dealer, after offers of assistance fro multiple companies, apparently had to wait until their Facebook "friend" page had over 2,000 people on it before asking about making a business page. WHY??????????????????

We continue to be an industry filled with ignorance, denial, shortcuts, Band-Aids and excuses. ALL of the information is available if you're willing to ask the right questions and select the right employee, partner or vendor. Yes, there is a lot of misinformation but it's not impossible to weed through it. Recently, a top-OEM endorsed social media company executive informed an audience at one of the auto industry digital marketing events that deleting spam posts from Facebook pages was not possible but that they "scan and report" such occurrences. Yes, there is incorrect information out in the market from what should be reputable companies so always finding the right ways to do things can be a challenge.

So are the absolutely-essential, need-to-have Google Plus Business Pages allowing dealers (and other businesses) to do more, just in half-baked ways? Yes, sure enough. Just like everything else that is not known, understood, new and not managed. Until it is…..

Best Practices: Professional Insight, Powerful Results

November 19, 2011 by Gary May 0