Preditive Analytics for Auto Sales: Before the-form

Post on 08-May-2015

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In this talk for Digital Dealer 16, Scott Meyer of 9clouds.com explains why Predictive Analytics are essential for auto sales. The fact that most consumers never set foot in the dealership and are afraid to fill out a form means dealers need to know when someone is ready to buy based on historic and real-time factors. Learn in this talk how to identify potential buyers and reach out in a data-drive, targeted way.

Transcript of Preditive Analytics for Auto Sales: Before the-form

Before the Form: Predictive Analytics for Sales

Scott D. Meyer@9Clouds Subscribe: 9clouds.com/blog

BEFORE THE FORM

BEFORE THE FORM

Customers don’t tell you what they want, they show you.

BLAST - CONVERT - FOLLOWUP

BLAST - CONVERT - FOLLOWUP

BLAST - CONVERT - FOLLOWUP

Emails

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

Newspaper

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

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BLAST - CONVERT - FOLLOWUP

Scott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

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BLAST - CONVERT - FOLLOWUP

Scott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

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PPC

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BLAST - CONVERT - FOLLOWUP

Scott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

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PPC

Radio

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Sponsorships

BLAST - CONVERT - FOLLOWUP

EmailsScott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

BLAST - CONVERT - FOLLOWUP

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CallsScott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

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Sponsorships

BLAST - CONVERT - FOLLOWUP

Emails

CallsScott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

Retarget

BLAST - CONVERT - FOLLOWUP

Emails

Calls

Mailers

Scott Meyer !scott@9clouds.com !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

Retarget

This is desperate.

This is desperate.

21% of auto consumers see salespeople as trustworthy.

Customers don’t tell you what they want, they show you.

BEFORE THE FORM

DME Automotive, 2014

16% took no test driveBEFORE THE FORM

DME Automotive, 2014

16% took no test drive33% test drove only one car

BEFORE THE FORM

DME Automotive, 2014

16% took no test drive33% test drove only one car68% visited two dealerships or fewer

BEFORE THE FORM

DME Automotive, 2014

16% took no test drive33% test drove only one car68% visited two dealerships or fewer80% used the Internet in buying process visiting average of 10 websites

BEFORE THE FORM

DME Automotive, 2014

BEFORE THE FORM

BEFORE THE FORM

Repulse

BEFORE THE FORM

RepulseIdentify

BEFORE THE FORM

RepulseIdentifyConnect

Brofounders

9 CLOUDS

Digital marketing & education

Improve digital literacy

Teach | Audit | Market

Scott and John Meyer

REPULSE

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

“The goal of the email is not so much to attract viable users as to repel the non-viable ones, who greatly

outnumber them. Failure to repel all but a tiny fraction of non-viable users will make the scheme unprofitable.”

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

HELP CUSTOMERS FILTER THEMSELVES

IDENTIFY

IDENTIFY

IDENTIFY

IDENTIFY

SHRINK THE POND

SHRINK THE POND

# of days since last purchase

SHRINK THE POND

# of days since last purchaseMileage

SHRINK THE POND

# of days since last purchaseMileageNumber of repair orders

SHRINK THE POND

# of days since last purchaseMileageNumber of repair ordersCost of last vehicle

SHRINK THE POND

# of days since last purchaseMileageNumber of repair ordersCost of last vehicle% of last vehicle paid off

SHRINK THE POND

SHRINK THE POND

Cars purchased: 5,084

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:

SHRINK THE POND

Cars purchased: 5,084Days before 1st service: 238

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:Days before next purchase:

238

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:Days before next purchase:

238346

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:Days before next purchase:

Average miles at trade-in:

238346

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:Days before next purchase:

Average miles at trade-in:

238346

88,179

SHRINK THE POND

SHRINK THE POND

SHRINK THE POND

Customers don’t tell you what they want, they show you.

Email Segmentation1

16% open

16% open

58% open

16% open

58% open

3 sales

16% open

58% open

3 sales

27 sales

What brings the right people for your dealership?

Personas2

-Male -30-50 -Price-focused

-Female -45-60 -Safety

-Female -20-25 -Mileage

WHAT YOU NEED-Universal Google Analytics - google.com/analytics

WHAT YOU NEED-Universal Google Analytics - google.com/analytics

WHAT YOU NEED-Universal Google Analytics - google.com/analytics

WHAT YOU NEED

WHAT YOU NEED

WHAT YOU NEED

-Twitter Analytics

WHAT YOU NEED

-tagxedo.com

Inventory3

Predictive Historical Factors4

SHRINK THE POND

# of days since last purchaseMileageNumber of repair ordersCost of last vehicle% of last vehicle paid off

SHRINK THE POND

Cars purchased: 5,084Days before 1st service:Days before next purchase:

Average miles at trade-in:

238346

88,179

SHRINK THE POND

SHRINK THE POND

SHRINK THE POND

Predictive Real-Time Factors5

IDENTIFY - ENGAGE - FOLLOWUP

Personal Follow-up

Historical Factors for Specific Persona

Activity Activity

BLAST - CONVERT - FOLLOWUP

Personal Follow-up

Historical Factors for Specific Persona

Activity Activity

Email Open/Click

Website Visit Email Open/ Click

BEFORE THE FORM

BEFORE THE FORM

Customers don’t tell you what they want, they show you.

info@9clouds.com | @9clouds | facebook.com/9clouds

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