Preditive Analytics for Auto Sales: Before the-form

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Before the Form: Predictive Analytics for Sales Scott D. Meyer @9Clouds Subscribe: 9clouds.com/blog

description

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

Page 1: Preditive Analytics for Auto Sales: Before the-form

Before the Form: Predictive Analytics for Sales

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

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BEFORE THE FORM

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BEFORE THE FORM

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

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BLAST - CONVERT - FOLLOWUP

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BLAST - CONVERT - FOLLOWUP

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BLAST - CONVERT - FOLLOWUP

Emails

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

Newspaper

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Scott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Scott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Scott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

EmailsScott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Emails

CallsScott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

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BLAST - CONVERT - FOLLOWUP

Emails

CallsScott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

Retarget

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BLAST - CONVERT - FOLLOWUP

Emails

Calls

Mailers

Scott Meyer [email protected] !Interested in a Focus !6056958968 !

Emails

Mailers

Commercials

PPC

Radio

Newspaper

Sponsorships

Retarget

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This is desperate.

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This is desperate.

21% of auto consumers see salespeople as trustworthy.

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

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BEFORE THE FORM

DME Automotive, 2014

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16% took no test driveBEFORE THE FORM

DME Automotive, 2014

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

BEFORE THE FORM

DME Automotive, 2014

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

BEFORE THE FORM

DME Automotive, 2014

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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

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BEFORE THE FORM

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BEFORE THE FORM

Repulse

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BEFORE THE FORM

RepulseIdentify

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BEFORE THE FORM

RepulseIdentifyConnect

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Brofounders

9 CLOUDS

Digital marketing & education

Improve digital literacy

Teach | Audit | Market

Scott and John Meyer

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REPULSE

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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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.”

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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HELP CUSTOMERS FILTER THEMSELVES

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IDENTIFY

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IDENTIFY

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IDENTIFY

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IDENTIFY

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SHRINK THE POND

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SHRINK THE POND

# of days since last purchase

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# of days since last purchaseMileage

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# of days since last purchaseMileageNumber of repair orders

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

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

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SHRINK THE POND

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Cars purchased: 5,084

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

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SHRINK THE POND

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

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

238

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

238346

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

Average miles at trade-in:

238346

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

Average miles at trade-in:

238346

88,179

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SHRINK THE POND

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SHRINK THE POND

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SHRINK THE POND

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

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Email Segmentation1

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16% open

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16% open

58% open

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16% open

58% open

3 sales

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16% open

58% open

3 sales

27 sales

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What brings the right people for your dealership?

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Personas2

-Male -30-50 -Price-focused

-Female -45-60 -Safety

-Female -20-25 -Mileage

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

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

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

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WHAT YOU NEED

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WHAT YOU NEED

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WHAT YOU NEED

-Twitter Analytics

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WHAT YOU NEED

-tagxedo.com

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Inventory3

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Predictive Historical Factors4

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SHRINK THE POND

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

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

Average miles at trade-in:

238346

88,179

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SHRINK THE POND

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SHRINK THE POND

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SHRINK THE POND

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Predictive Real-Time Factors5

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IDENTIFY - ENGAGE - FOLLOWUP

Personal Follow-up

Historical Factors for Specific Persona

Activity Activity

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BLAST - CONVERT - FOLLOWUP

Personal Follow-up

Historical Factors for Specific Persona

Activity Activity

Email Open/Click

Website Visit Email Open/ Click

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BEFORE THE FORM

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BEFORE THE FORM

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

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[email protected] | @9clouds | facebook.com/9clouds

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