We stare at the blank white board, we know we're about to walk into analytics hell. You break the silence and say "If we could create an analytics model that'll help us 'score' a visitors level of engagement, and if we can map that back to a sale, THAT would be our shopping cart!" #MicDrop My jaw hits the floor... "Holy shit! that's it!"
On the top of the white board, I write....
"What does a productive shopping visit looks like?"
Ooh! I'm always thinking about this, from all angles. It's not a granular thing for sure, I've went down that road and got frustrated.
For me, with shoppers, it's about a visit to the website that provides all the answers to their questions about the vehicle and the buying process, and then offers more help by encouraging a showroom visit. Now what do you need to make that happen?
For dealer's, it's a shopper visit that asks for an appointment or in reality they make a showroom visit. Now what do you need to make that happen?
So website usability is a factor, but not a main component. A webpage with a price, a picture and a phone # can sell a car.
It's also not about website conversions or leads. Our #1 internet lead question: "Is this car still in stock"? Is that a productive website lead and conversion? Look through the questions coming into your CRM, it's telling.
Out of all sold customers 90% have previously visited our website. So if we push hard enough we'll eventually attribute most customers as an internet lead. So is our BDC superior because they're closing over 50% of all sales? No. They just do better at lead attribution.
So 90% of all our sold customers have previously visited our website, out of that 60% came from a 3rd party website, and we can attribute on average 30% of all of our monthly sold to an internet lead (shopper hit the CRM)... so almost everybody could be considered an internet lead? Now we're back to square one. Lead attribution in this business is like ghost hunting, you get real excited - thought you saw something, spend hours getting all the equipment setup and wait... then later on you figure out it was just your neighbors cat.
For me, I keep coming back to: the dealers inventory is everything... just focus on solid vehicle merchandising, answering questions (from the website to the BDC, sales), and providing helpful solutions to make a showroom visit easy for the shopper. Get that right and everything takes care of itself.