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5th Digital Dealer Conference Review by Kevin Frye

“Sorry about how my hair looks this morning – I combed it with a porkchop”

Could this be anyone else but Shaun Raines opening up his session on Video SEO?

Since Jeff was in Vegas with the J.D. Power Automotive Internet Roundtable this week, he asked if I would fill in with a review of the 5th Digital Dealer Conference and Exposition.  Located at the Gaylord Hotel in Dallas, we once again had a great venue where everything one could need was easily accessible.  My goals were to attend many of the sessions where “new and cool” issues were being addressed, as well as to network and meet some key people within our industry.

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One of the highly anticipated sessions was lead by Shaun Raines, and was the first that I attended.  Shaun had a full house and a rapt audience for his presentation on “What You Should Know About Video and VSEO”.  It is readily apparent that video has caught the attention of many dealers now and with a slowing market and less dollars, many are looking to learn how to do their video “in-house”.  Shaun shared many of the inside “secrets” of how to do this on your own, and how to position your work at the top of the results for the search engines.  Several other sessions dealt with this same topic, with all showing good attendance and reinforcing that our market is moving in this direction.

Another great session was lead by Ralph Paglia and dealt with social networking and blogging.  Many of us already feel overwhelmed with the great amount of work we need to do to keep our dealerships in front of our customers.  Ralph asked “Why not let your customers do the work for you?”.  His session shared how to utilize social networking and blogging websites and allow your customers to generate positive content for you.  Many dealers are afraid to get into this online arena, as they are afraid that folks might leave negative reviews about them.  We need to get over this fear and work to encourage our satisfied customers to leave positive reviews for us, and to honestly deal with those who were not happy and work to solve any problems.

Speaking of reviews, I met several times with the folks from dealerrater.com.  Chip Grueter (President), Matt Lamoureux, and Heather were working the floor of the exhibit hall and attending the sessions to network with the folks who are working on the front line.  I always look to find 1-2 new people that I can meet and work with in this fast-moving market that really understand where this market is going.  Chip Grueter really understands where the consumer side of our market is moving, and the Dealer Rater site is a great example of that.  Great job to the entire team at Dealer Rater!

Also presenting at the conference was Rafi Hamid, who is now working with vAuto.  When I asked what Rafi was doing with vAuto, he shared that he is now a “Value-added benefit” to vAuto’s current customers.  When I pressed him further on this, he shared that vAuto sends him out to current customers where he shares his expertise (learned by actual experience!) with working our internet market and helps each store to refine their process to become much better.  This impressed me that a vendor would bring someone like Rafi on to “complement” their service and truly offer a value-added benefit that all of us could use.

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While I attended multiple sessions, the other key issue that stood out for me was Text Messaging.  When we consider the ramifications of the FTC CanSpam Act and the ongoing difficulties with email spam filters, etc, a solution is needed to optimally reach our customers.  I learned in more than one session some key statistics that showed that cell phone users of all age groups are now sending out more text messages than making actual cell calls.  If you are with a group of friends and you receive a call on your cell phone, do you always answer it?  If you get a text message, do you take a moment to look at it?  Receiving the call requires that you “engage” with the caller and interrupt your busy schedule.  Text is becoming more and more preferred with folks as a primary source of communication that fits their lifestyle, and we need to address that.  My prediction is that this subject will continue to gain more interest in the upcoming conferences.

I am always impressed with the approach to the exhibit hall at these conferences, as folks are always returning to the hall before, between, and after sessions to network and meet with the vendors.  Why?  Whether it is breakfast, refreshments, or drinks, there are always sponsors providing items to encourage folks to return to the exhibit hall – smart thinking, and it works!  (kudos to Mike Roscoe!).  Most of what I look forward to goes on the floor in the exhibit hall.  Alex Jefferson with Proctor Honda/Acura made the rounds with me as we met with multiple vendors and learned about new products and services available.  One of the event sponsors was
ClickMotive, who has built on their success with search engine marketing and entered the website hosting market with some cutting-edge, search-friendly sites.  SEM needs were another hot item this year, with several exhibitors.  Video services were also well represented by AutoMotion, Phil Sura and UnityWorks Media and more.

The best “give-away” was a close call. I came to the Reply!com booth where some of the Dallas Maverick dance team was present and signing photos.  Alex and I were surprised to find 4 of the dance team members huddled around the latest issue of Digital Dealer, where they were admiring the “hot” dealer on the cover – Alex Snyder of Checkered Flag.  Please take time to see the photo we took of the girls with Alex!  Great job to Kevin Stellbrink with Reply!com who helped us set this up, lol.

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The highly coveted best give-away went to the folks at activeEngage where they were giving away a “flying-screaming monkey”.  Hard to describe, so I included a short video to try and show what this does.  You take the monkey, pull its body back (like you are shooting a rubber band), and let it fly (cape is included), at which point it begins to scream and holler.  I was asked if I would like to take some of these back to our dealership.  I had to immediately decline, could you imagine a floor full of car sales reps playing with these all day???  Great fun, creative give-away, and an enticing reason to see the new instant message services offered by ActivEngage (where their folks staff your instant messaging 24/7 to ensure prompt and professional response to your online customers’ inquiries.

As for the “word on the streets”, everyone was talking about our current market, and the slowdown we are seeing.  Many are currently in a spending freeze, and several are cutting back in their internet marketing efforts.  More than ever, it is important that our vendors can show measurable results (ROI…) to earn our dealers’ hard-earned dollars.  This market is also a great time to use creativity to keep your presence online extensively without spending massive amounts of money.  If you are going to spend money on something new in this market, you are going to have to cut back somewhere else.  Attending events like this allow each of us to get the information we need to succeed in difficult markets like the one we are now in…

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Big Congrat to Mr. Alex Snyder for his cover shot and story in the latest issue of Digital Dealer Magazine.

Compared to the spring conference, attendance appeared to be down.  I would attribute much of this to the competing conference with J.D. Power in Vegas, as well as the recent slowdown in our market which means dealers are tightening up their budgets.  Overall I found the conference to be another great success, and I look forward to attending the next one in 2009.  Please share your comments and stories, and I apologize for not being able to mention everyone that I enjoyed meeting with in this quick review. Cheers!

Out of Office Reply: While I'm Away...

This will be my last posting until November.  I'm getting ready to head to the remotest part of the planet for a vacation that has been years in the making.

While I'm away, I hope everyone gets on Jeff to launch the all-new DealerRefresh website.  I won't say anything about it other than it is really cool and much more functional.  I can't wait! ...I can also see Jeff's face right now, and can think of exactly will be going across his mind when he reads this:  "Alex - you're such a _____."  Jeff - I'll miss you buddy.

I'd also like to see my (and your) money still working when I get back, so you guys need to do everything you can to make the dollar strong again.  I'm sorry I won't be here to fight the good fight with you, but I'll definitely try to keep tabs and be thinking about everyone.

I'm either taking this trip at the best time or the worst, but it will be the trip of a lifetime.  I'll be in the Antarctic Converge with National Geographic photographing the animals of Antarctica racing to breed for the very short Antarctic Summer.  I made a blog for the trip and hope to update it daily.  If you want to follow along, you can visit http://axspot.wordpress.com and click on the "Antarctica" category....or Email Subscribe on that link.  I have that blog filtering into my Twitter account, so you can "follow" along there as well.

I'll be back just in time to vote, so I'll see you guys again just as the election is coming to a close.  Good luck, sell lots of cars, and say hello to the new DealerRefresh for me!

VinSolutions Showcases Its DIY and Inventory Management Module at the Fall 2008 Digital Dealer Conference and Exposition

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Featuring the benefits of the VinCamera, VinSolutions’ personnel attending the 5th Digital Dealer Conference demonstrate how dealers can choose, shoot and upload their own vehicle photos directly into their Inventory Management software. Matching photos and videos to specified stock numbers, dealers can now detail, photograph, upload and display their inventory on their Web sites in hours instead of days. Grapevine, Texas (Vocus/PRWEB ) October 7, 2008

VinSolutions, a leading Web-based automotive software provider, is showcasing their Do-It-Yourself (DIY) and Inventory Management module at the 5th Digital Dealer Conference and Exposition in Grapevine, Texas. Running from October 6th through 8th, dealers can meet VinSolutions’ upper management, salesmen and trainers for one-on-one demonstrations of the VinCamera, VinBuddy, CRM, ILM, Inventory Management and Web site design products.

“The thing I like best about coming to this conference is the chance it gives us to actually show dealers in person how great our products are,” said Mike Dullea, VinSolutions’ CSO. “Since our software was designed by people who were in the car business for years, we know our products meet the needs of real people working real car deals.”

The DIY market segment is growing. Upgrades in technology have made do-it-yourself activities easier, and as dealers look for ways to cut back on expenditures, taking their own inventory photos makes a lot of sense. VinSolutions has stepped up their efforts to provide dealers with a turn-key DIY product. The VinCamera offers dealers a way to match vehicle stock numbers from their DMS directly with photos they shoot on their lot. Simply plug the camera into the dealership’s computer system and the photos upload automatically in the Inventory Management module.

Right now dealers need to use every advantage they can to cut cost, maximize efficiencies, and convert leads to sales. Selecting and using the right CRM, ILM and Web site design allow dealers to do just that. The down turn in auto sales brought on by the softening of the nation’s economy has many dealers battening down the hatches in an effort to ride out the tough times ahead. Running an efficient operation is key to survival.

“Even though the nation’s economy is soft right now, we’ve just come off of the best third quarter in our company’s history,” said Doug Kinney, VinSolutions’ CEO. “We owe that success to the results our clients get from using our fully-integrated products. Efficiency equals savings.” Using VinSolutions’ suite of products, dealers can handle everything from taking pictures of their inventory to pushing a deal to finance without ever having to sign a long-term contract or chase down contacts from multiple companies to handle their needs. One contact, one company, one commitment. It doesn’t get much more efficient than that.

About VinSolutions (www.vinsolutions.com):
An industry-leading developer of Internet-based customer relations management (CRM) and Internet lead management (ILM) software, VinSolutions provides 24/7 dealership sales and marketing information to their clients anywhere Internet access is available. In addition to CRM, ILM and inventory management products, VinSolutions builds custom dealership Web sites, uploads inventory photos, offers their clients quality training and consulting services, as well as valuable customer support. VinSolutions is GM, Ford, Chrysler, Audi and Subaru certified and has working relationships, alliances and integrations with several automotive software service providers such as CARFAX, Kelley Blue Book, AutoSoft, Inc., Autodata, RouteOne and DealerTrack.

Dealerskins, AVV Partner to Offer Customers a New Solution for Lead Management

dealerskins.gifDealerskins and AVV, both divisions of Dominion Enterprises, have partnered together to offer AVV's Web Control to Dealerskins customers, which will assist the management teams at auto dealerships with lead management and communication processes. Nashville, TN (PRWEB) October 6, 2008

Dealerskins, a division of Dominion Enterprises and leader in dealer web services, has partnered with AVV, also a division of Dominion Enterprises, to provide Web Control, a new lead management solution, for Dealerskins customers.

This exciting partnership enables both new and existing customers to streamline their online marketing and lead management operations using a single tool. Dealerskins is known for creating websites that serve as the driving force of consumer awareness and lead generation, and Dealerskins customers will now have the ability to add on AVV's Web Control to increase conversion ratios on those leads.

"At Dealerskins, it is important that the products and services we provide are world class and category leaders, and those two phrases describe AVV's Web Control perfectly," said Eric Brown, general manager at Dealerskins. "We are very excited to provide our current and future customers with AVV's amazing lead management tool."

The goal of this joint venture is that dealers will be able to seamlessly move between the two systems to monitor sales progress, easily follow up on leads and automatically communicate with potential car buyers.

By offering AVV's Web Control, Dealerskins' customers spend less time with the administrative work and more time selling cars.

About Dealerskins

Dealerskins provides beautiful, powerful, distinctive web solutions to automotive dealers. Our expertise comes from real-world dealership experience and a passion for listening and responding to our dealers' needs. In fact, our founders designed, built and used the first Dealerskins website while working at a top-50 dealership group. They realized that automotive dealers require high-caliber, dynamic websites to meet car buyers' needs. Dealerskins was founded in July of 2000 to serve those needs. Today, we're bigger and better than ever, and still focused on helping dealers use their websites to sell more cars.

About Dominion Enterprises

Dominion Enterprises, a division of Landmark Communications, is a leading marketing services company serving the automotive, real estate, apartment, recruitment and marine markets. The company operates a variety of businesses that offer Internet marketing, Web site design and hosting, lead generation, CRM, and data capture and distribution services. The company has more than 40 market-leading Web sites reaching more than 12.5 million unique monthly visitors, and more than 500 magazines with a weekly circulation of over 5 million. Headquartered in Norfolk, Va., the company has nearly 6,000 employees nationwide and annualized revenue of more than $946 million. For more information, visit http://www.DominionEnterprises.com.

The Weekly Refresh - Bill Heard Chevy, Video Advertising, Larry Tabloff, Google G1 or BlackBerry Storm

I met with Larry at the conference... He was a key player for me when we contracted with BlackBook Online (which has been a very good move for us). Looks like Auto Dealer Traffic brought in a great addition to their team! Congrats Larry!

The Weekly Refresh - Bill Heard Chevy, Video Advertising, Larry Tabloff, Google G1 or BlackBerry Storm

Online Video Advertising will grow but not to meet eMarketer estimates. We all know why--it's a recession and maybe even a depression. No one wants to talk about how that may cut into advertising dollars. Like every industry in the U.S. currently, there needs to be cost saving alternatives for video advertisers. Hot Pluto offers huge discounts while at the same time providing non-intrusive advertising. The Video Business Directory should be considered as a sensible solution for video advertisers--especially the small businesses across the U.S.--the backbone of America. They should have every opportunity to grow and be able to create a competetive advantage. Hot Pluto is working with www.americasbestcompanies.com to provide much needed discounted solutions.

Brett Hill- CEO
www.hotpluto.com

Twittering from J.D. Power Roundtable

Jeff - seeing that you're pretty acclimated within the new media space with your blog and utilizing Twitter, what were your thoughts on the Social Media panel from the event?

I just watched the video online and was pretty appalled at Tom Peyton being the moderator for that panel. He was clearly ignorant to the space and basically mocked it, not to mention his own company's successful Myspace campaign. I figured there would be someone with more knowledge to moderate such a panel vs. putting it down throughout the entire session. I thought the panel was fantastic though and gave great insight on the space and what benefit you can get from it.

Measuring Your Dealer Website Conversion Rate

I can't help but think #4 or 5 are the way to go simply because to me, conversion rate means HOW is the website performing? Is it doing its job by converting interested people into leads? By measuring email submissions, you are necessarily eliminating the leads from the phone calls, unless of course you are including those in the count.

By measuring SALES vs web visitors, you are introducing a margin of error based on how good your appointment setting and/or closing skills are. Those are measured separately, so I have measured conversion separately as well.

Measuring Your Dealer Website Conversion Rate

Mike,

So what standard does your software use to determine a duplicate lead? Does it look at the time period since the last time that prospect submitted a lead? What if the prospect is looking for a sedan in January and buys one from another dealer, then in February he is looking for an SUV, is this a new lead? What if it is 90 days out or 120 days out. What if he does not purchase a car but inquires about a different make.......

etc....

You see my point. I am sure that you thought this thing through like I have, but the biggest problem is that it should be the same for everyone.

I would really like to talk to you about this tough, because I might be spinning my wheels for nothing if your software does it already.

Thanks,

Oscar

Measuring Your Dealer Website Conversion Rate

Great topic and I think this definately needs to change. We should make a standard for tracking these things so we can make comparisons and improve.

We are even forgetting about service, parts and bodyshop leads. When you have 10,000 unique visitors ( I only look at the unique visitors) and I get 500 new and used car email leads out of it, 100 new and used phone calls and an additional 300 service requests and 100 parts request. What is my conversion ratio now?

If I want to truly rate my website conversion, I would have to add all up and divide by the unique visitors. This means I have a conversion of 10%, but if I only look at the email leads for sales, my ratio would be only 5%. Of course taking service and parts and employment, etc out of the equation makes your numbers swing bigger month by month.

So I do think you should measure total leads vs unique visitors and possibly break it down by type of leads. All of this makes no difference though, because as long as there is no standard I cannot make comparisons except with my own website.

Same applies for closing ratios. I have developed a spreadsheet that keeps track of closing ratio by consultant, lead source and vehicle model. It also tracks the Cost per Vehicle Sold per Lead Source, AVG Gross per source and consultant etc.

But again, I cannot compare my data with others, because there is no standard in reporting. What is a duplicate lead for example? Everybody has a different opinion.

I am working on an online tool to track internet performance and I should have it ready to go in about a month or 2. I do not know how many of you would be interested in such a thing...

Measuring Your Dealer Website Conversion Rate

This is the way I see it. Conversion stats are in internal measurement tool. Comparing my conversion rates with another dealer is... supersillious.

There are so many marketing variables that my pea brain has a hard time getting them all under foot.

For purposes of illustration, let's take 2 identical dealer sites (selling the same products) and Dealer1 is priced below the market and Dealer2 is above the market. Yup, Mr. Discounter wins the conversion battle because his shoppers are more likely to "reveal" themselves. Before you pounce on me, I am NOT talking volume of leads, but the conversion ratio.

Ok... Let’s compare 2 other dealers selling the same products at the same prices, but this time, Dealer#1 is Mr. High profile, big dollar media mogul while Dealer #2 is unknown. Dealer#1 wins conversions hands down. (If you can't understand why #1 beats #2, then you need to take off your Mr. Dealer hat and put on your Mr. Shopper hat and go shopping for a while [and don’t come back until you get it!])

We can go on and on and on with all the variables but why bother? It’s easy to see (for those of us who are not imagination challenged).

What are they good for??
I say conversion stats give you great info when compared to itself (i.e. looking back over time). For an intellectual exercise, you were to compare to another dealer, I say only the most basic of measurements could be used to loosely compare one dealer to another.

There. I said it. I now return you to your thread.
Joe

Measuring Your Dealer Website Conversion Rate

This is an interesting topic. Many of our clients look at form submissions. However, it is very important to look at phone calls as well and even more important to separate sales calls from "other" calls such as service calls.

We like to divide all 'contacts' via phone or email into the unique visitors to the site. This unfortunately does not take into account how many people walk in to the dealership which is a good conversion and one of the most desirable.

Some providers of websites and search marketing services consider some items as "conversions" that I would personally not consider a conversion. For example, a visit to a credit app is not a conversion. Filling out an app IS a conversion however. Taking credit for a web event such as visiting a page is misleading to a dealer.

Showing how many people clicked the print button on your pages is also exciting on paper, but does it mean that they filled out a form, made a phone call, or walked in? Not in my book.

We recommend a separate sales and service number on every page of a dealers website for this reason alone. Track it all and may the best sources win.

-Michael

Measuring Your Dealer Website Conversion Rate

Hi,

I'm not sure about the US, but here in the UK the dealers tend to demand more than just leads to visits ratio. What dealers are really after is how many SALES and revenue (aftersales etc.) has come from the website. We need to track more than just email enquiries, but also telephone calls (with trackable numbers) and footfall. Once all of these sources have been tracked they need to be linked or synched with the DMS to determine if the lead resulted in a sale or not. Then and only then can you determine the effectiveness of your website.

Email leads alone can vary in quality so 10 good leads are better than 100 poor leads. The end result is what matters.

There are other factors, such as brand awareness etc. that needs to be taken into account. One user may not buy today, but could buy in the future or even tell a friend who then buys. This type of source is hard to capture, but not impossible.

If you require more info in this area, then let me know: www.stevetaylor.me.uk

thanks

Steve
Automotive Technology Consultant

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