Tag Archives

Posts with roundtable tag.
It’s That Time Of The Year: A Legacy Or 2 Steps Forward, 20 Years Back

Confernce season! You're about to experience record-setting attendance, more technology than will choke a horse, speaker after speaker, keynote after keynote and talk about how 2012 should be your year to embrace it all. Oh, and the budgets! Take here, put there and add everywhere that starts with digital. Whew, welcome to the conference season.

This is the time of the year that makes the chasm between doers and don't doers greater, creates the delta between those who practice and those who pretend and allows those who want, a battle cry. But it's no guarantee of success. Recently IM@CS experienced its fifth pre-term cancellation in the past four plus years. What happened? One person leaving. One really good, very focused, and awake individual…but still one person. It was an experience that you might call two steps forward, 20 years back. There is no focus on the web there now.

Remember that staying on top of everything that's changing and relevant takes time, attention, questions, resources and commitment. When that one person, or in some cases few people, don't do the work for the many or depart the dealership, what happens? Where is the commitment that is required to truly be successful? It's not the ideas or initial execution that makes the difference, it is the promise to maintain for the long term. It may even include an expectation for excellence and signifiacnt cost. Every individual that has applied a successful strategy for web-based results in their dealership or group has been doing so for a while. In some cases, a very long while. These are experiences that you might call building a legacy.

So take heed. Commit to what comes after the events. Make a differnce starting with the decision to go. The cost of attending an event like the DrivingSales Executive Summit is one of the smallest you'll ever make. Most dealers spend more on coffee or shuttling customers to the local mall in a month. And those costs don't grow your business anywhere close to the amount that a digital investment will.

A legacy starts with a unbending determination to see things through, not giving up at the first sign of resistence or willing to settle for mediocre. And sitting down listening to someone telling you what you should do versus talking with someone about how to do it is a massive difference. Today it seems as though more dealers are willing to settle for second rate and not executing a plan over doing the work it takes to build to the point of success and making sure everyone is on board. Last time we checked, an engine doesn't run without fuel and a stuck cylinder means problems. Always move forward. Even fail forward. But move forward.

Yes, it's that time of the year again. But it's always that time of the year. The battles are won and the vision grows every day in the trenches. Press forward with a commitment to you, your business, your staff, your product and ultimately your customers. Remember that is why we do what we do. Refuse to take the backward steps that more businesses seem to do today. Don't compromise. Because you're better off doing it or quitting it. Are you in it to quit it?

And lastly, with a heavy heart for the loss we experienced today, consider some of the words that Steve Jobs has shared and how it relates to us:

“But it’s a disservice to constantly put things in this radical new light — that it’s going to change everything. Things don’t have to change the world to be important.”

“That’s been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”

“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.”

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.”

So are you ready for what needs to take place after conference season? We'd like to hear from those who are….

 

Best Practices: Professional Insight, Powerful Results

Are We Just Digital Lemmings?

(Cue the Madonna music) “You know that we are living in a digital world and I’m an automotive digital nerd…” Can you see it now? The musical hit of the automotive digital conference season! Or possibly one more thing that keeps a dealer from making the commitment he or she needs to make that will actually do something great for their business.

Whether acknowledged or not, most of us in the automotive digital realm must have some kind of recessive gene or a predisposition for suffering. But are we the ones making it better or worse? Remember that what drives someone to change is either opportunity or fear. Fight or flight. Survival or death. Being as how we can’t make decisions for others, let alone many times for ourselves, a small percentage of the industry are lining up on a regular basis, strapping our brass cojones on and taking the plunge.

2011 has been an amazing voyage so far and the last four months appear to be no different. If anything, we may experience the dizzying effect of greater immersion. So are we just digital lemmings or do we have a definitive purpose supported by concrete goals? Is our purpose so clear that a dealer can understand both potential benefit and potential loss within 30 minutes?

Let’s ask ourselves just as wide ranging a question as we’d ask a vendor:

“How do we know what value we bring?” Especially since many of the tangibles are so obscure to start with that the ability to define a “good job” takes months or longer.

“How can we define, in lay terms, what we’re attempting to do so that our clients can take over the efforts?” Especially since many times we don’t even understand completely what we’re doing nor expecting.

“How does what we are doing provide the opportunity to create change?” Especially since setting expectations in a “what’s in it for me” environment is at best difficult.

It’s great to participate in an exciting and extremely dynamic part of our business. For many, it has proven immensely successful and profitable. We can all agree that the higher the risk, the higher the reward. At the same time there are days (or longer periods) that can easily qualify as a “loss”.

Being as how this will be read by the leading edge of the force in the automotive digital world, we don’t need to excuse ourselves. But maybe, just maybe, we need to explain ourselves. There is such a high level of blind trust that goes on with relatively significant investments, that defining what we do and don’t do along with what we’re attempting to do and attempting not to do is overdue. There is also a need to be more willing to call bullshit in an accountable, cooperative way.

Remember that if something sounds too good to be true, yes even at a 20 Group meeting, it likely is. It takes a lot to simply take a leap of faith. It’s something entirely different for a vendor to take a client over the edge. No buses or trains here…no company is perfect. Just try not to come off that way (free $100 advice).

So can we lead an industry that’s mostly in the dark collectively? Some of us surely hope so. What’s coming up with three amazing events in Las Vegas in October sure sounds like the right opportunity. Remember that the total amount of people in attendance will likely represent less than 0.001% of the retail industry, OEM and agency staff (less than 1% of just dealer staff). So we need to be incredible. We need to be prepared. We need to show and provide the best information. We need to listen to and respond to the questions and admit when we don’t have an answer. We need to show the way and not just talk about it.

So let’s kick the lemming routine and make the leap a big but manageable step. Let’s give everyone that wants it the secret sauce. Let’s make sure that nobody goes home with a nagging question. Let’s do what is right as if the entire automotive industry depended on it.

And by the way, the entire automotive industry does depend on it….

 

Best Practices: Professional Insight, Powerful Results

What Have You Done For You Lately? (Ooh ooh ooh yeah…)

You're back but your bags (and head) may still be packed from your Las Vegas departure. The whirlwind of powerpoints, data, applications, widgets, speakers, vendors and pitches that opened October 12 with Digital Dealer and ran through DrivingSales Executive Summit at Encore, came to a close mid-day last Friday with the departure of over 1,000 from JD Power's Annual OEM and Ad Agency shindig called Internet Roundtable at Red Rock Resort (where more upfront talks than Internet dealings happen, but let's digress).

So your notebook, FlipCam, voice recorder and brain are packed with thoughts, visions, ideas and goals around everything you heard. But the "back to normal" is so gratifying that you may have not done a cotton-picking-thing since switching off the neon and turning on the flourecents. And besides, it was kind of touching to see that 88-day old unit turn 100 now that you're back (ooops!).

So if you're stuck with not knowing where to start, you didn't leave with goals. If you've got three or four places you want to start at, you may not know what your greatest weaknesses or opportunities are. And if you didn't gather enough information on how to get started and the first steps to take from that high-ranking speaker, call them for a freebie. And you may just want to "x" off that session or conference next year because the value didn't get delivered.

So, what have you done for you lately? (Sorry Janet, it's not about you). It's time to crank that Internet machine thing to the next level, right?! Do yourself a favor and start looking everywhere else but automotive and get your bearings. Why? Because there are Facebook pages selling more Snuggies than your website sells in service. There are blogs feeding more contacts to start-up S-E-O, K-E-Y, M-O-U-S-E companies than you get leads from $199-a-month leases. And we have ourselves (and many vendors) to blame.

Start Thursday with a goal to add one task from your volume of Notes 'de Las Vegas and start it. Not Friday, not next week. October 28. Haven't secured your Google Places/Maps location? Do that or learn about it. Haven't secured your Foursquare venue? Have 60 domains you registered a bunch of years ago and one is perfect for a blog? Start it and who cares what it says as long as it says something about what your store is passionate about regarding your customers and the products you sell. But what have you done for you lately?

"Good thing I cook or else we'd starve to death…" How appropriate is that today? Automotive retailers must thank their customers for coming in year after year and driving off in new and pre-owned cars with little more than a smile. It was about the badge, the new product, the incentives and the advertisements. Now it's about you. Matter of fact it always was but the industry lucked out for more than a decade. So what have you done for you lately?

Yes there's half-cooked information all over. Yes, there's "experts" who haven fallen into something that, for obvious reasons, they can't quite explain in an hour on stage. Yes, there's going to be more consolidation in the indsutry which means your ____________ company may become part of another company you're not doing (or don't want to do) business with. But what have you done for you lately?

There are many really good, and some extremely good, tools and providers out there to settle for what someone in your Twenty Group has or what your read in an ad or study. Last week it was amazing to watch the Innovation Cup at the DrivingSales Executive Summit. The "let's never settle for me-too" juices were really flowing there. Put easily, if something can't be verified by a neurtal third party, don't necessarily run away, rather gain more information before making a decision. Chances are you're right that it wasn't a good choice in the first place.

Today you have to be prepared to do something for yourself and stick with it. Even though it's so easy to quit and go back to what you knew. It's also more costly than ever. If you invested the time and money to be around that much addictive behavior for a week or two in Las Vegas, everything you brought back deserves to come to life in your store. That is if you can find your notes among the free schwag of flying monkeys, free model cars, light-up bounding balls, mints, pens, flash drives, logo hats, t-shirts, notepads, shopping bags and fliers for products that are pay-for-it-now-cuase-it's-almost-to-market-so-you-can-be-first (wink, wink).

So what have you done for you lately? Come on, we've got to …….uh, wait….come on…..wait for it…..wait for it……you know you want it…..SELL MORE CARS!

Best Practices: Professional Insight, Powerful Results

A Week In Vegas Automotive Style (In A Few Paragraphs)

It's the conference time of the year for the automotive biz and this last week didn't disappoint. Having attended both the first-ever DrivingSales Executive Summit and the venerable JD Power Internet Roundtable it was clear, to some degree, as to what the leaders are looking for, discussing and sharing.  My first observation? Not enough dealers were present.

Nobody is trying to hold one group more accountable than the other and while budgets and money are tight, our industry moves at retail not at the supplier, vendor, media or marketing levels. Yes we need to have product that is appealing, ways to communicate effectively about it, means to get people buying the product (hello banks…), staying up with the breakneck speed of technology and keeping the general public excited. All those things aside, it's your good 'ol neighborhood retailer that gets the metal to move.

So, the DSES at the Hard Rock had two days to get the dealers that want to be in front in the best possible position with data, technology, new capabilities and compelling roundtable conversations. For a first-time event, it seemed to have hit its mark. With an agenda that covered current market data, SEO and relevant trends, new technologies and vendor offerings, analytics and social media, what was really impressive was the 'how to' part of the summit. Real conversations with real people answering the tough questions.

Networking is great and does has its immense value (including to this author) but the in-the-trenches, getting your hands dirty stuff is what moves the needle for any business. When someone is interested in doing something, they usually want to know the how, why, when and where. It was refreshing to be a part of the event put together by Charlie Vogelheim and Jared Hamilton.

DSES' range of speakers was atypical and that was a breath of fresh air. Compete's Skip Streets couldn't handle the glaring lights beaming down on him but the content prevailed. It was wonderful to get to hear BlueKai's new approach to media buying and consumer targeting from Dave Armitage. The presentation given by Driverside and R.L. Polk was very different considering it dealt with the back end of the retail business: service. Chris Brogan (New Marketing Labs) and Aaron Strout (Powered) quite frankly gave the road map to the industry without strings: customers, social media, branding, listening, content and value.

Switch gears to an event that I've been participating in since the first one back five plus years ago: JD Power's Internet Roundtable at Red Rock. Well attended by the OEMs, agencies, service providers, portals and dealers. The IRT has changed some over the past few years but it has lacked the 'punch' that it had a couple ago with the breakout roundtable discussions. One undisputed aspect: Everyone's socks were knocked off by Jim Farley's session Thursday morning, period. I've never heard more compliments and conversation after a speaker, ever. And if you haven't taken note of Ford's digital efforts over the past year, maybe you should.

In attending (and participating via Twitter) in a number of other sessions,the content seems to have drifted from subject at times but the speakers knew the craft from the social media, to the leads presentation to the media integration panel. Bar none, the crowd needed to be involved during or, at a minimum, after the sessions. The 'juice' comes from squeezing the *&$%!)#$% out of people and the occasional challenge to their stance.

Where JD Power's event always drives immense dividends for our industry is the lunches, dinners and hallway banter. I've always enjoyed taking part especially considering their influence and reach and, whether or not they are liked and appreciated at any given time, the company's heritage: focus on the customer. Hopefully our industry continues to listen considering consumers control everything today.

The IRT organizing team deserves props for getting social media on the agenda again but it still doesn't get the representation it deserves considering it makes up (along with online marketing and websites) the majority of automotive traffic now and for the future.

What both events need: more dealer participation, more dealer participation and maybe some more dealer participation. The media pays attention to SAAR, manufacturers, balance sheets, production, trends, bailouts and a whole lot of other things that have nothing to do with saving an industry. if you'd like to argue whether the magic number is 11.5M units or 13.1M, that's fine. Just as long as we're helping those that sell the cars in the first place.

The progressive dealers need to be up on stage talking about how they've changed their business and what ways they're moving forward. There may be a day in the near future in where the retailer is just as important as the company paying $20,000+ to speak or that changing up the agenda to showcase an undiscovered nugget is more relevant than some OEM's marketing exec giving the same presentation about their (somewhat) radical approach to marketing for the 20th time. (disclaimer: not talking about Mr. Farley here).

So this latest round of automotive Vegas-ness goes in the record books. Thank you DrivingSales Executive Summit and JD Power Internet Roundtable for having platforms that brought hundreds of thousand of dollars into Sin City. Now the question is: who has the guns to not make it a year until the next time the industry can learn?

Who can drive the education and engagement in the next 90 days without the trip, hotel, expense account and wad of one dollar bills (ooops, did I say that?).

Best Practices: Professional Insight, Powerful Results

Webinar: Stimulating Profits: Used Cars Drive Sales Success in 2009

Dealer_Advantage_Image

Industry Roundtable Discussion With:

  • Mitch Golub, president, Cars.com
  • Art Spinella, president, CNW Marketing
  • Paul Taylor, chief economist, NADA

With
sales of used cars expected to return to 40 million-plus units in 2009,
used-car sales stand out as a bright spot in automotive retail. For
consumers concerned about their purse strings and possible job losses,
buying a pre-owned car allows them to get the vehicle they need and
maintain their peace of mind. This webinar examines the current outlook
for the year ahead and outlines the practical steps dealers must take
to survive and even thrive in this changing economy.

In this session, you’ll learn how to:

  • Fine-tune your advertising strategy and media mix to reach in-market shoppers.
  • Capitalize on economic uncertainty and pent-up demand to drive more used-car sales.
  • Stock your store with in-demand cars that turn quickly and hold gross.
  • Leverage third-party vehicle history reports and factory certification programs to build buyer confidence in your listings.

Thursday, April 9, Noon ET/9:00AM PT

Enroll_Now