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Ignite Dealer Summit 2011 Minneapolis MN
Larry Bruce President / CEO OnlineDrive [email protected]@pcmguy281.455.3811
Marketing Metrics
• Visibility • Impressions • Traffic
• Ad Creative • Engagement • Click Through Rate (CTR)
• Conversions• Leads (Online and Off)
* Also look at the continuity between where your ads are placed and your Ad Creative
Strategy Tip 2: “Measure Everything, because it is all measureable”
Strategy Tip 3: Market Evaluation The Basics
Top 10 Selling:Yr.Makes ModelsTop Trades:Yr. Make Model Top Service:Yr. MakeModelCustomer Pay MetricsPMA (Primary Marketing Area):ZipsDrive Time Position to Top Competitors
Strategy Tip 4: Your Dealerships Unique Selling Proposition (USP)
Without a USP all your selling is price
Radio / Television • Review Sector – Visibility • Primary Goal – Awareness • Metric – Engagement
Time Mon Tues Wed Thurs Fri Sat Sun12am -
6am50
6am – 10am
50 50 50
10am – 12pm
30 30 10
12pm – 6pm
50 – drive
20 50
6pm – 12am
20
Strategy Tip 5: Pick 1 or 2 channels, run a vertical schedule slanted to the weekend
*Test your engagement with days, times & offers & adjust accordingly
Radio Radio / Television
Radio Tactic: Add a Short Code to your Radio AdEX: “Text the model you want to 44636 and get an instant price quote”
Corolla Corolla DX: $9999 May we update via txton this car? *Reply Y or N
Radio / Television • Review Sector – Visibility • Primary Goal – Awareness • Metric – Engagement
Time Mon Tues Wed Thurs Fri Sat Sun12am -
6am
6am – 10am
50 50 50
10am – 12pm
50
12pm – 6pm
50
6pm – 12am
50 50 50
Marketing Tip 6: Pick 1 or 2 channels, run a vertical schedule on 2 to 3 days of the week as budget permits
*Test your engagement with days, times & offers & adjust accordingly
DMSOEM
CRM
Database Tactic 1: Get your dealership Records from your OEM’s•Unified – your sold•Unified Assigned – Assigned to you•Service
Database Tactic 2: Your CRM system isn't your database
Database Data
Activation
Activate Sales Segments Based On Equity•Leases Due – 8 mo. prior to termination•Purchases Due – 60% of Balance Paid•Purchase Complete – 18 mo. of ownership •Existing Service Clients – Vehicle Yr + 24 mo. •Used Car Customers – 70% Balance Paid
Activate Service Segments Based on Time & Mileage•SR1 – 45 days / 3000 mi from last service visit •SR2 – 90 days / 3000 mi from last service visit•SR3 – 120 days / 3000 mi from last service visit•SR4 – 150 days / 3000 mi from last service visit •SR5 – 180 days / 3000 mi from last service visit
Database Marketing Tactic 2: Activation of Segments
Activation = Timing, when will you interact with your customer base
Action
Action = How, will you interact with your customer base
Two types of customer interactions•Communications •Offers & Promotions
Channels of interaction•Email•Direct mail•Voice •Text
Email Communications
Email Communications should be for the most part set and forget
• Welcome to the dealership• Introduction to Service • Service Reminders • 44 touch points for a customer
Goal:•Engagement•Conversion
Direct Mail / Email Promotions
Database Tactic 3: Channel Integration Email follow up to a direct mail campaign = 17% lift in conversion
Wrap Up
1. Review Strategies & Tactics Often2. Measure Everything because its all
Measureable3. Market Evaluation – GET ONE4. Define your dealerships USP5. Run a vertical schedule on electronic
awareness media 1. Tactic 1 – Use short codes to engage
customer via mobile in radio ads 2. Tactic 2 – Test days, times & offers
for electronic media schedules using landing pages
6. Your customer database is your single largest asset – work it
1. Tactic 1 – Get your records from your OEM
2. Tactic 1 – your CRM system isn't a marketing database
3. Segment your database 4. Activate segments based on equity &
time / mileage 5. Channel Integration can be an
significant lift to your marketing
The Stats on Inbound Marketing Lead Generation Data Taken From Over 4000 Business • Blogging• Web Pages • Landing Pages • Facebook Reach • Twitter Reach
Blogging
Strategy Tip 1: Get topics from your Facebook friends profile. Use Google alerts & Twitter search to find interesting content about these topics
Blog Tactic 1: Blog about your dealership 20% of the time Blog Tactic 2: Look for human interest stories in your store
Networked Websites VS Stand Alone Web Property
• Can you add 1000’s of pages to your current website YOURSELF?• Could you do that without having to write code?• If you did is there a cost? • Could you split test these pages for Conversion?• If you did all of this and it worked would it be YOUR COMPETITIVE ADVANTAGE?
Strategy Tip 2: Get your own WebsiteWebsite Tactic 1: Wordpress based website is easiest to manage SEO / Content / Conversion
Landing Pages
• Focus the visitor • Drive to conversion• Clear call to action• Templates easy to
create NO CODE• Disposable
Landing Pages
Strategy Tip 3: Have at least 50 Landing pages, Microsites or Conversion Paths
• PPC• Email• Radio• TV• Product• Conquest• Service
Social Media Reach
Strategy Tip 4: Social Media… “It’s Not Me It’s You”
Tactic 1: Use Facebook to find topicsTactic 2: Use Google alerts and Twitter to find contentTactic 3: Understand that your blog is the center of your content world
Wrap Up
1. Your blog is the center of your content world
2. Used Facebook to find audience driven topics
1. Tactic 1: Only Blog about the dealership 20% of the time
2. Tactic 2: Look for great human interest stories in your dealership
3. Get your own website 1. Tactic 1: Wordpress based site for
easy content creation and management
4. Get 50+ Landing Pages, Microsites & or Conversion Paths customer via mobile in radio ads
5. Understand that SEO is Keywords, Content & Backlinks and that good content is all of those
6. Social is SEO