Download - 10 Internet Department Metrics You Need to Manage

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Page 1: 10 Internet Department Metrics You Need to Manage

10 Internet Department Metrics

You Need to Manage

Brad Hampton

Marketing Manager

KPA Internet Marketing

Page 2: 10 Internet Department Metrics You Need to Manage

Brad Hampton

Marketing Manager

KPA

Previous:

Digital Marketing Manager

7 Dealerships

CRM, Websites, Lead

Providers, Sales Training

Page 3: 10 Internet Department Metrics You Need to Manage

Data Action

Data Overload

Data is everywhere

Use scalable data

Page 4: 10 Internet Department Metrics You Need to Manage

Keep your data clean

Control your data

Route your data

Clean your data

Scrub Internet Leads

Track / Route Phone

Source Walk-In’s

TRAINING

Page 5: 10 Internet Department Metrics You Need to Manage

1. Track Total REAL leads

Name: Peyton Manning

Lead Source: Dealix

Vehicle of Interest: (blank)

LEADS

OR

OPPORTUNITIES

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2. Contact Ratios

What defines a Contacted Lead?

Benchmark: 75%+ Contacted

2 Way Communication

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Why is my contact ratio low?

Messaging Response Times

Lead Providers Website Problems

CRM Follow Up

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3. Response Times

Benchmark: 30 min or less

Page 9: 10 Internet Department Metrics You Need to Manage

Increasing your response time

• CRM Escalation

• 15, 30, 60

Still no contact?

Transfer lead to another salesperson

Page 10: 10 Internet Department Metrics You Need to Manage

4. Getting the Appointment

• Appointment to Lead Ratio

• Is this an appointment based business?

• ASK FOR IT!

• Wall of Accountability

• Follow the steps to the sale

Benchmark: 40% Appointment to Contacted Lead

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Getting the Appointment to Show Up

• Confirming Appointments • Manager Confirm: 88%

• Sales Person Confirm: 62%

• Appointment Row

• Calendar reminders

Benchmark: 80%+ Show Ratio

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5. Emails / Phone Calls per Lead

Which sales people are

bringing you down?

Benchmark:

5.4 Calls per Lead 1.5 Emails per Lead

Are my sales people

cherry picking?

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6. Total Internet Leads Sold

• What is a sold Internet deal?

• Who determines it?

• Set the standard!

• Sourcing the deal

• Self made reports may be necessary

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Sold Internet Lead Benchmarks

Benchmark: 40% Appointment Closing Ratio:

Benchmark: 25% Internet Sold vs. Total Sold:

Benchmark: 15% Closing % on Total Leads:

Benchmark: 20% Closing % on Contacted Leads:

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7. Pipeline Management

• How many customers are “stuck” in your

pipeline?

• Untouched active opportunities

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The average Internet Sales Person

90 Active Opportunities 60 Daily Tasks 5 new Internet Leads 1 Appointment 4 Phone Calls

An overwhelmed salesperson will… A. Not complete the tasks B. Fake completion of tasks C. Move the customer to Lost

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8. Store Visit to Demo %

This one should be easy right?

• Slow down the sales process

• Cannot sell the car online

Benchmark: 100%

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9. Demo to Write Up %

• Getting the customer into numbers

• Under 90%?

• Trial Close

• Follow the sales process

• Best practices

Benchmark: 90% Demo to Write Up

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10. Write Up to Sold %

Benchmark: 70% Write Up to Sold

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Example Internet Department

ABC Auto Group

Total Leads 500

Contacted Leads 375

Contacted % 75%

Appointments 150

Appt / Lead % 40%

Showed Appts 120

Show % 80%

Demos 120

Write Ups 108

Demo to Write Up % 90%

Write Up to Sold % 70%

Total Sold Internet Leads 75

Contacted Lead Closing % 20%

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Shameless Plug

KPA Professional Services

• On-site dealer training

• Internet department optimization

• Marketing budget allocation

• Reporting and Tracking

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Questions?

Brad Hampton Marketing Manager

KPA