Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail...

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ARE YOU READY TO TAKE YOUR DEALERSHIP’S DIGITAL MARKETING TO THE NEXT LEVEL? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Transcript of Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail...

Page 1: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

ARE YOU READY TO TAKE YOUR DEALERSHIP’S DIGITAL MARKETING

TO THE NEXT LEVEL?What You Need to Nail Before Raising the Bar to

Maximize Your Returns

Page 2: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 3: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 4: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 5: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 6: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 7: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 8: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

Page 9: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for?

Page 10: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers?

Page 11: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers? Text opt ins?

Page 12: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers? Text opt ins? Social media contacts?

Page 13: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?- What percentage do you have email addresses for?

Telephone numbers? Text opt ins? Social media contacts?- Do you ask customers to specify their preferred

communication channel?

Page 14: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers? Text opt ins? Social media contacts?

- Do you ask customers to specify their preferred communication channel?

- How do you update your customer data?

Page 15: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers? Text opt ins? Social media contacts?

- Do you ask customers to specify their preferred communication channel?

- How do you update your customer data? Through the Service Drive?

Page 16: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

- How many records do you have in your customer database?

- What percentage do you have email addresses for? Telephone numbers? Text opt ins? Social media contacts?

- Do you ask customers to specify their preferred communication channel?

- How do you update your customer data? Through the Service Drive? Through third party data providers?

Page 17: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

25-50%TYPICAL ANNUAL CHURN RATE FOR

EMAIL LIST

MediaPost, 2014

Page 18: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

4400%AVERAGE ROI FOR EMAIL MARKETINGThat's a return of about $44.25 for every $1 you

spend

Outbound Engine, 2015

Page 19: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 20: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 21: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 22: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 23: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 24: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 25: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 26: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 27: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 28: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 29: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 30: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 31: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 32: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 33: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 34: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 35: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 36: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 37: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

7,000UNIQUE VISITORS

PER MONTH

7,000UNIQUE VISITORS

PER MONTH

RESPONSIBLE OFFENDERSVS

Page 38: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

23,000DATABASE

23,000DATABASE

RESPONSIBLE OFFENDERSVS

Page 39: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

+140 from website conversions

RESPONSIBLE OFFENDERSVS

Page 40: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

4 email campaigns

+140 from website conversions

4 email campaigns

RESPONSIBLE OFFENDERSVS

Page 41: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

4 email campaigns1 newsletter (23,000)

+ 3 targeted emails (3,000)

+140 from website conversions

4 email campaigns4 blasts (23,000 x 4)

RESPONSIBLE OFFENDERSVS

Page 42: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

4 email campaigns1 newsletter (23,000)

+ 3 targeted emails (3,000)31,000 total emails

+140 from website conversions

4 email campaigns4 blasts (23,000 x 4) 92,000 total emails

RESPONSIBLE OFFENDERSVS

Page 43: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

4 email campaigns1 newsletter (23,000)

+ 3 targeted emails (3,000)31,000 total emails

0.3% unsubscribe = -69

+140 from website conversions

4 email campaigns4 blasts (23,000 x 4) 92,000 total emails

1.0% unsubscribe = -920

RESPONSIBLE OFFENDERSVS

Page 44: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+140 from website conversions

4 email campaigns1 newsletter (23,000)

+ 3 targeted emails (3,000)31,000 total emails

0.3% unsubscribe = -69

+71

+140 from website conversions

4 email campaigns4 blasts (23,000 x 4) 92,000 total emails

1.0% unsubscribe = -920

-780

RESPONSIBLE OFFENDERSVS

Page 45: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

23,071DATABASE

22,220DATABASE

RESPONSIBLE OFFENDERSVS

Page 46: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Replacing database loss through unsubscribesAverage cost of a 3rd party lead: $21

780 x $21 = $16,380

THE COST OF IRRESPONSIBLE EMAILINGPutting the loss in perspective.

Page 47: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 48: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

BUY A CAR FROM ME

SERVICE YOUR CAR WITH ME

WRITE A REVIEWTO HELP ME OUT

Page 49: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

GIVE TO GET

Page 50: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

GIVE TO GET

NEW MODEL

Page 51: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

GIVE TO GET

AUTO REVIEW

Page 52: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

GIVE TO GET

VEHICLE EDUCATION

Page 53: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

GIVE TO GET

V

LIFESTYLE

Page 54: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 55: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Not only are your best customers responsible for more revenue, they also engage 290x more than others

+ 63% CLICKSBenefits of Non-Promotional

Content:+ 61% SERVICE VISITS

+ 28% VEHICLE PURCHASES

Page 56: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 57: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Can take a number of different forms:- Not having a follow up plan based upon the data generated- Not using data to develop predictive models- Not joining different data sets for more in depth analysis and

insight

FOLLOW UP OPPORTUNITIES

Page 58: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 59: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 60: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 61: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 62: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

JOINING DIFFERENT DATA SOURCES TOGETHER FOR DEEPER INSIGHT

3rd Party Leads

SEM

Behavioral

Data

Website

DMS

CRM

Page 63: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 64: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 65: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

LEARN MORE ABOUT YOUR CUSTOMERS

Page 66: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 67: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 68: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 69: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

>60%OF CUSTOMERS DON'T

FOLLOW MANUFACTURER

RECOMMENDATIONS.

Dealer Marketing Magazine

Page 70: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

So why do our lifecycle communications assume that all vehicle owners behave exactly the same way?

Demographic data is not enough. Intent must be taken into account.

Smart use of data will predict when each customer is likely to service within the next month.  Same for likely to purchase.

Page 71: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 72: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 73: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

ARE YOU THROWING GOOD MONEY AFTER BAD CUSTOMERS?

$ $$ $$$ $$$$

Page 74: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

MAKE THE MOST OF YOUR MARKETING DOLLARS

42%OF VEHICLE PURCHASES

44%OF SERVICE

REPAIR ORDERS

44%OF STORES

GROSS MARGIN

IN AN IMPORT STORE*, THE TOP 20% OF CUSTOMERS CREATED:

*During a 6 month period

Page 75: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 76: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Look at all of your marketing and advertising activity in one calendar.

Page 77: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

Leverage Tier 1 and Tier 2 advertising support to your advantage.

Page 78: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 79: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 80: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 81: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

+Banners & Digital Assets

+

Page 82: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 83: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 84: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

DAY OF SEND

COPY OF ADS

TIME OF SEND

SUBJECT LINE

COLOR OF BUTTONS

SHAPE OF BUTTONS

ETC.

Page 85: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

CASE STUDY: Day of Week Testing on a Newsletter

Open Rates Increased by

11.15%

3 Birds Marketing

Page 86: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

SMALL CHANGES,

BIG DIFFERENCE.

Page 87: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 88: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns
Page 89: Are You Ready to Take Your Dealership's Digital Marketing to the Next Level? What You Need to Nail Before Raising the Bar to Maximize Your Returns

PLAYING THE LONG GAME:Revitalize Your Digital Marketing by Spending on the RIGHT Customers

MONDAY, AUGUST 8TH AT 2:30PM ROOM 120

KRISTEN JUDDCEO & CO-FOUNDER

3 Birds Marketing