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Reputation Conversion, What’s Your Success Rate?

 

Reputation Management is evolving very quickly.

Nearly 3 years ago, Google introduced Local Listings and, with it, the corresponding signals pointing to the increased value of consumer sentiment.

The importance of reviews and social engagement has never been higher. Dealerships have flocked to solutions of various types; some partially supported by vendors, others supported by complete platforms.

As I’ve previously posted, the definition of Reputation Management is vital to understand before a dealership adopts a reputation strategy or chooses a reputation partner. For those that understand this, the art of reputation can actually be boiled down to simple science.

Most solutions deploy a “value chain” approach to influencing customers, regardless of whether or not they are aware of it. This same approach applies to both leaving reviews and engaging via social media.

All reputation processes (whether internal or external) can be broken down by value chain.

Here are some examples:

value_chain_examples.png

The 3 Value Chain Examples

See a pattern?

My point here is that Reputation Management is a science. No matter what a dealership’s current strategy may be, every dealership can measure success and ensure specific goals are met.

Below is a chart that we recently shared with a review site interested in understanding more about Reputation Management solutions. Basically, it shows conversion rates for each review site as measured through Prime Response. No matter which value chain is being deployed, we always seek to understand conversion. In terms of Reputation Management, this is defined by the successful generation of a consumer review. We measured this by taking all of the traffic sent to each review site vs. the final step of the necessary value chain, review display.

Take a look...

review_conversion.png

Questions:

Are you measuring your review conversion?

..If so, what does your review conversion rate look like?

What Value Chain are you using to obtain dealership reviews?

What do you think of the conversion numbers above?

Driving Sales Executive Summit 2013 Recommended Sessions with Kevin Frye

 

Kevin Frye's Suggested DSES 2013 Sessions

Let me first extend my congratulations to the Driving Sales team on putting together a great agenda with superior keynote speakers.

I am very excited to hear Danny Sulllivan, whom I have followed with my SEO research for several years. And as a formal Naval Aviator, I am also excited to see Leif Babin, former US Navy Seal Officer, speak on developing leaders. I have brought the same leadership skills to automotive that I learned as a Naval Officer, and I am certain that Leif will take that to a higher level.

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Before attending any conference, I always like to spend some time reviewing the agenda, and more important, choosing the breakout sessions that I feel will give me the most value. Here are my recommended breakout sessions for The Driving Sales Executive Summit 2013:

Oct 14th - Breakout Session 1, 2:15 PM

Extreme Targeting: How to Generate PERFECT Digital Traffic! / Shane Hambly

There is one thing in eCommerce that most of us can agree upon – there is a direct correlation between vehicle detail page (VDP) views and cars being sold. Shane is presenting with Nisha Abraham, a Google manager, and they are going to share how we can use hyper targeted adwords to drive traffic to VDP’s. Sounds like a win to me, as I know that more VDP views should equate to more sales. I am a bit cynical on search focused display banners and their performance, so I also hope to see if I can learn something about using the Google Display Network to generate better ROI.

Oct 14th - Breakout Session 2, 3:00 PM

Advanced Digital Strategies for Advanced Internet Dealers / David Kain

David is a highly respected leader in our industry, and I am intrigued by the Advanced Digital Strategies he is going to share. I have been doing this a long time, and I agree that our Internet shoppers are much more experienced with their online buying. My fear is that my current strategies might be falling short of our current buyers’ expectations, and I look forward to seeing what David can show me (I hope he has some new ideas).

Oct 14th - Breakout Session 3, 3:45 PM

Big Data, Better Data: How People-Driven Marketing Will Drive Sales / Kass Dawson

I met Kass Dawson this summer at Facebook’s headquarters while attending the Digital Summit at Mountain View. There is a revolution going on right now in eCommerce and it is called mobile. Kass and I talked quite a bit about mobile, and how a dealer can leverage Facebook with their marketing efforts. If you want to fish where the fish are at, then what is one of the most powerful mobile advertising platforms available to you as a dealer? This session combines two things I love, Big Data and Facebook, and looks to share some ideas of how to leverage both together to market in a top-performing mobile platform. Sounds like a winner to me. BUT – I am also recommending…

Befriending the Lonely Community Manager / Aaron Wirtz

If people must be brands, and brands must be people, then social media must be KEY in a dealer’s success in today’s market. I look to see some real examples of how Aaron is using his social strategy to build value in his dealership brand. Plus, if this session is anywhere near as exciting as his promotional video, it should be a lot of fun.

With so many great speakers, it is difficult to pick which sessions to attend. Of course, my needs as a dealer can be much different than many attendees, which would lead to me having different choices. I look forward to hearing your input on which sessions you choose to attend, and  I also look forward to seeing each of you at Driving Sales as I defend my “Digital Media Battle Debate Championship” on Tuesday morning, Oct. 15th, at 9:10 am, moderated by Joe Webb.

What sessions are you looking forward to seeing at DSES?
Let us know in the comments!

*Save $100 when you register for DSES. Just use promotion code "REFRSHGD" = Dealer guest receives $100 discount

[highlight color="#FAAC58" font="black"]Looking to attend DSES? We have two FREE tickets in our super top-secret DealerRefresh vault (next to our super hero costumes) and we’re looking to see who wants one of these babies the most. Click here for more details. [/highlight]

The New Playing Field at the Dealership - Are You Playing?

That are good thing like as at this time Cobalt was putting on regional "training sessions" for their Volkswagen dealers. I attended several. Training those days consisted around NOT calling the customer and communicating by email until the customer will be listed as a success story and best practice in the publishing and fashion industry for years to come. I wish you all well and much success in your future endeavors.
Thanks................
<br><a href="http://www.superioreducationz.com/">Education Information</a>

The New Playing Field at the Dealership - Are You Playing?

It was the best of times, it was the worst of times…

Actually it was 1996.

A few memories:

  • Yasser Arafat is re-elected president of the Palestinian Authority.
  • The Nintendo 64 video game system is released in Japan.
  • Dolly the sheep, the first mammal to be successfully cloned from an adult cell, is born at the Roslin Institute in Midlothian, Scotland.
  • The O.J. Simpson civil trial begins in Santa Monica, California.
  • General Motors EV1 (the first electric car to go into mass production) is launched.

Last and definitely least, ‘Yours Truly’ started selling Honda’s in Wilkes-Barre, Pennsylvania.

Turns out, it was a very interesting time to enter the car business. I was hired into and taught the “old ways” of selling cars. Back then, going to the dealership was the best way to get information about cars. Just like going to the library..

[highlight color="#E8E8E8" font="black"] li·brar·y [lahy-brer-ee, -bruh-ree, -bree]

noun, plural li·brar·ies.

a place set apart to contain books, periodicals, and other material for reading, viewing, listening, study, or reference, as a room, set of rooms, or building where books may be read or borrowed[/highlight]

...was the best way to research a given topic.

Our challenges included how to set an appointment for a Phone Up without divulging price and how to handle “THOSE PEOPLE” who dared walk through the door armed with the latest edition of Consumer Reports (remember the magazine version?).

A few technology-forward people with disposable income actually had a PC at their house: dialing-up America Online to enter Cyberspace and Surf the Internet. Some cool stuff there… I can actually still hear that computer buzzerbouncebeepscreech in my head. At the dealership, we had some phone connections to the manufacturers to transmit our green screen data. Big Shots.

But within a year of my start date, we were approached by a new company called Auto-by-Tel. They promised to deliver qualified leads from cyberspace to the dealership for a price – by Fax -- as long as we (the dealer) agreed to provide a no-hassle experience to the buyer.

We the dealer defined “no hassle.”

We jumped on-board. Before too long, because I had received a lap-top computer for Christmas and was therefore the defacto computer genius in the dealership, I quickly ascended to the moniker of Internet Manager. On a semi-serious note, I am kinda proud to be one of the country’s first Internet Sales Managers. Not so noteworthy was the fact that our first Internet Sales Process consisted of me passing-by the fax machine once or twice a week to grab our ‘leads.’ I would then call them to tell them to come-in to get a price.

That’s the truth – any of you around ’96 to ’98 probably have a similar story. We would to hear more about in the comments below.

One nice thing about working for a group with a bunch of OEM’s was that as the Internet Manager, I was afforded the opportunity to attend virtually every OEM training on the topic for years. As fast as everything was evolving, there was a training session, an instructional gathering, a roundtable almost every month. I remember Microsoft CarPoint offering regional training sessions on how to work with “Internet Leads.” And there was a TON of trial and error. Much error. More error than trial it seemed. It was a GREAT time to learn and experiment.   It was cool to make it up as you went along.

But here we are, 17 years later. If you’ve paid attention, you’ve learned. You’ve evolved. You’ve improved. And if you haven’t – chances are you have a child getting set to run your business that knows exactly what I’m about to describe.

The Game Has Changed. Or at least, we play it on a different field.

It’s ironic how much the OEM’s are currently concentrating on your infrastructure façade. Because your front door is no longer attached to your building with that signage you are required to purchase and install. Let’s face it: the customers that come to the dealership for information are most-certainly a dying breed.

In the old school, our entire process was set-up to compel shoppers (people who came to the dealership to browse, look, peruse, etc) to buy NOW. Everything we were taught revolved around how to turn Floor Ups into a buyer - NOW. We didn’t envision a time where we, as the Sales Professionals, would cease to be the authority on the product and therefore have virtually no ability to control the conversation and process. We were taught and have been left with a process that no longer applies to the marketplace.

We didn’t see it coming. But it’s here. How will you adapt?

Try this line of thought:

Where is your front door?  Where do people “walk in” to your dealership today?

Answer: Your website. Whether you speak to them or not, they are there.

Where is the Meet and Greet occurring?

Answer: Your CRM.

Your focus has always been on Floor Traffic; managers manage what they can see – on the floor, on the lot, in the booth. If we agree that our Website is the new Floor, and that our Process is managed in CRM, as long as we can “see” what is happening in CRM, we can really blend the “old” with the “new” without all this bugaboo and fear of new process and technology – without all this fear of change.

Visibility is the key. Managers sit in glass offices and in raised towers for a reason – so they can see what’s going-on and manage behaviors accordingly! Seeing is the first step – we have to be able to see so we can react. But how do we track? What do we measure?

Does our traditional Road to the Sale still apply?

No. And yes. Yes and no.

Is there a road to the sale? Of course! Does it start when a customer physically comes to the dealership?  (Where is your front door again?).

Why are you still concerned with marking a checkbox that says “Took a Test Drive?” Realistically – why else do customers come to the store anymore?

Don’t like that last statement? Let me ask you this: How often, when a BDC Agent or a Salesperson sets an appointment that shows as scheduled does that customer not buy a car?  If you are like me and most of the dealers with whom I speak, your answer is “Not Often!”  Of course not – done right, people who actually come to your store are ready to buy a car. Knowing this, what should we as managers be concerned with when evaluating our opportunity for the first time?

Should we be checking-off the ‘Meet N Greet’ box or would it be more useful to already know the customer has been on your website and that she’s been in contact with a salesperson?  answer in the comments below

Is it more pertinent today to know that the person in front of you has had a full Features and Benefits walk-around or that this person in front of you was a Set and Confirmed appointment?

Right now, is it more important to know if the customer has actually physically been here or if, while they were here, they had a test drive?

It’s hard to argue that today we play the game on a different field. It’s only natural that the tools and strategies that we use to manage and measure this game evolve. I mean, there’s a reason they no longer wear leather helmets in the NFL, right?

Challenge yourself and your people to think outside the box and re-evaluate what is important in today’s automotive landscape. Think Big Picture, and think small details:

  • What do you need to SEE to really know your dealership?
  • What do you need to MEASURE and TRACK to put yourself in the best position to earn your customers’ business?

Provide your comments and answers below the post

It’s hard to let go of the assumptions under which you were indoctrinated to the business. But when you do, and you adopt the new tools of the trade, you just might find yourself 1st and Goal from the one, ready to score.

Welcome to the New Playing Field!

Also - if you too have a fun dealer story around 1996 - 99, please share in the comments below!

Contest! Contest! FREE Driving Sales Summit Tickets Up For Grabs #DSES

That post are about it like as non-profit, organization, sanctuary, rehabilitation and training center for the horse. Hundreds of horses have been saved, trained, housed, or re homed by the equine charity in the last five years. We are also helping to raise funds to restore best practice in the publishing and fashion industry for years to come. 
Thanks................
<br><a href="http://www.superioreducationz.com/">Education Information</a>

11th Reason to Attend #DSES - Driving Sales Executive Summit

Aaron Wirtz gives us the breakdown on his breakout!

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A fairly standard preview of Aaron Wirtz's Breakout section at the 2013 Driving Sales Executive Summit, entitled "Befriending the Lonely Community Manager."

Top 10 Reasons to attend DrivingSales Executive Summit

In this post we are under stand about it  understand is that there is no direct path to online consumer sales. Consumers desire to broadcast and share their lives, and their web behaviors therefore strike out on a non linear path to purchase. The whole concept of social commerce is now realizing that every platform and network is a potential lead for an online sale. 
Thanks................
<br><a href="http://www.superioreducationz.com/">Education Information</a>

An Extreme Close-Up on Your Digital Channels. Schaaaawinggggg!

Jon, loved the article and the Wayne's World references. We need more of you!
You hit the nail on the head for me in a few key areas. Numbers 3+4 especially.
In the auto industry it's tough to show that ever important "ROI" for dealerships. Your points in 3+4 go hand in hand with each other. As with the "Rock & Roll Dream Machine", sure it did not sell you a car that day, but will those people remember you're dealership next week, month, or year from now when you go to buy a new vehicle?
Expectations need to be set with the customer from the beginning when jumping into the wild west of digital advertising. If they are a customer who is looking for a "tangible", maybe they aren't ready for digital advertising. Or maybe it hasn't been explained to them in the right fashion. In order for a campaign to have success, goals and expectations must be measured and discussed. Nothing like a customer steaming mad after spending 10k on a campaign expecting the dealership to be full day in and day out because of a banner or ad they were running online. 
Thanks for the great article and info Jon, look forward to reading more from you.

An Extreme Close-Up on Your Digital Channels. Schaaaawinggggg!

Love the article and the writing style Jon, great job! As digital marketing attribution gains more traction, I think  you will find a lot more dealers that understand what you are sharing, especially when they look at the entire "digital conversation" before that final click that takes the shopper to the dealer's website.

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