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Part II: The Naked Truth Exposed [Paid Search, Retargeting & Budget Allocation]

Part II: The Naked Truth Exposed [Paid Search, Retargeting & Budget Allocation]

AutoHook’s nation-wide survey conducted over the last 3-months revealed the top five digital marketing topics dealers currently struggling with. These issues were addressed and exposed during Digital Dealer 21’s most jam-packed session, the Naked Truth. 

Part I: The Naked Truth Exposed [Social & Video Marketing]

Part I: The Naked Truth Exposed [Social & Video Marketing]

Three marketing powerhouses combined forces at DD21 for one of the most insightful sessions of the year, moderated by yours truly. The Naked Truth was a 50-minute dose of digital reality poured straight up. Our no-nonsense mission of tackling the ambiguous topics that shadow the automotive universe was such a success, every chair in the room was filled and attendees were lined up against the walls. Literally, we ran out of seats.

AT LAST: Attribution Claims its Throne

AT LAST: Attribution Claims its Throne

It’s an exciting time in digital history. Automotive marketers are finally catching on to the critical importance of attribution – AND more importantly, the associated consequences if accurate attribution is not accomplished. Maybe it’s something about the hot summer air. Or maybe digital leaders are just coming to their senses. Or maybe dealerships are just plain tired of spending thousands or even millions of dollars on advertising with not much to show for it at the end of the month. I hear this from Dealer Principals over and over as I speak at different events across the country. Most likely, it’s a combination of factors. But regardless of how or why, an attribution miracle is taking place as we speak in our industry.

LIVE WEBINAR RECORDING: How to Hit a Conversion Home Run Before Paying for Click$

LIVE WEBINAR RECORDING: How to Hit a Conversion Home Run Before Paying for Click$

FACT: $61.5 billion will be spent on search and display alone in 2016. 

If the majority of your digital budget goes into SEM and banner ads that drive shoppers to your website, but you don’t first ensure your site has the ability to convert at a high rate, YOU ARE WILLINGLY THROWING MONEY IN THE GARBAGE! It’s like throwing a pitch to home plate without a catcher. It just doesn’t make any sense!

10 Ways to Boost Service Campaigns with AutoHook

Here are 10 different ways to use AutoHook incentive offers to boost your service campaigns. A July 2016 client survey revealed some interesting insights from AutoHook’s dealer and OEM subscribers. The study’s strongest finding confirmed: What AutoHook customers want, AutoHook customers get.

Digital Wake Up Call: 3 Marketing Myths & How to Overcome Them

I always say the most successful marketers are the ones that look for problems and inefficiencies and implement new ways of thinking to solve them. There are those that follow, blend, and eventually fade, and then there are those that inspire change for the better. Einstein measured human intelligence solely by a person’s ability to change. There has been a trend in our industry that has gained a more than significant following. The time has come to take a step back, reevaluate, and make a change that will eradicate wasted ad spend.

SEM Costs on the Rise: How to Adapt

SEM Costs on the Rise: How to Adapt

I’m not saying I have a Master’s Degree in economics from Harvard, but I do understand the fundamental principles of supply and demand. The price of goods and services is a direct reflection of the market’s available quantity and requirement of said goods and services. As I assume you’ve heard, Google - the guru of digital adaptation - altered the layout of their search engine results pages (SERPs) to better align with the mobile movement. In February of this year, they removed paid ads on the right side of SERPs – leaving less ad real estate and of course, more competition amongst dealerships.

The Myth of the "All Powerful" Marketing Suite

By David Metter

Just as one baseball glove does not fit all who play baseball, one “all-encompassing” marketing suite or strategy does not fit all in the automotive business. Think about how our industry views vendors. If dealerships are the players, then vendors are the equipment – the bats, the gloves, the cleats, the helmets – the indispensable facilitators of grand slam opportunities. No team has a shot at winning without the right, proper-fitting equipment. It is the equipment, or rather the vendors, that provide the gloves and helmets that give players the freedom to do what they do best – play the game. But you can’t play baseball without a ball – and you can’t sell cars without vendors.

Okay, okay. Technically, you can still sell cars – but after taking 30 immaculate photos of all vehicles in your inventory, building and maintaining your dealership website, getting certified in Google AdWords to run your paid search campaigns, developing your own CRM, and designing retargeting ads in HTML, there isn’t much time left for selling cars. Am I right?

It’s the “Jack of All Trades” approach versus a new age, fine-tuned, and forward-thinking approach. A company that claims to be a “one-stop solution for all your marketing needs,” cannot possibly be as competent in the results they deliver as a vendor that specializes (and dominates) in one specific area. Think about Walmart. If you wanted to, you could do all your grocery shopping and revamp your wardrobe all in one place. But do you really want to buy your underwear at the same store you buy your carrots? You would have to sacrifice quality somewhere, and in this case, it’s going to be your underwear.

The most progressive dealers, dealer groups, and manufacturers make the time to evaluate new, revolutionary technologies. Why? Because they can have revolutionary impacts on your business. The best players never compromise quality for convenience. They embrace change and innovation while always keeping their eye on the ball. They know the score at all times. To win at something, you don’t necessarily have to know all the stats and analytics, or every player’s batting average, but you do have to know the score – or rather, where you stand in comparison to your competition.

“IF DEALERSHIPS ARE THE PLAYERS, THEN VENDORS ARE THE EQUIPMENT - THE BATS, THE GLOVES, THE CLEATS, THE HELMETS - THE INDESPENSIBLE FACILITATORS OF GRAND SLAM OPPORTUNITIES.” 

More than ever, platform-style vendors are developing marketing suites that consolidate all needs into one. In theory, this sounds like a good idea. However, with product consolidation can come problematic insufficiencies that do not fit all business models, especially those that are unique to car dealers. Jay Henderson, Director of Strategy at IBM advises, “To best succeed in 2016, marketers must understand that flexibility is key and the ability to integrate with a variety of best-of-breed technologies can open up amazing
new opportunities to innovate and engage.”

Thinking outside the traditional marketing platform mentality is the clutch, or the fastball, that will ultimately defend your dealership from falling into the dreaded “average” category, which also fails to identify why people should buy from you. Average is not compelling. Average online experiences don’t drive buyers to your showroom – and more importantly, traditional marketing suites do not offer memorable experiences for your customers. Who wants to be average? Certainly no one in an industry synonymous with competition.

These one-stop-shop agencies and vendors lure you in with the appeal of only having to remember one login, with a single user-interface where you can access all your advertising needs – spanning from paid search, to social media, to email marketing, to your in-store conversion tools, as well as the analytics and reporting on all said items. But that’s exactly why they make tools like LastPass, which manage all your sites and logins so you don’t have to, while providing an easy method of ensuring you have the right players, in the right positions, with the best possible equipment. In other words, the ultimate, game-winning formula.

There’s no denying the accelerating rate at which new companies, with first-ever technologies are entering the digital landscape. This makes it virtually impossible for an all-in-one marketing platform to keep up with up-and-coming players, with best-in-class solutions that challenge the traditional way the game is played. In IBM’s recent whitepaper, they recognize the flexibility that accompanies integrating the ideal mix of solutions as opposed to a large “one-size fits all” marketing suite. “In 2016, look for new ways to leverage your technology mix to give you greater agility to innovate and more strongly engage your customers.”

SmartInsights.com points out another common problem that has accompanied the upheaval in digital solutions, with a movement towards large vendor product consolidation. These curveballs that disrupt organizations and halt communications is what many refer to as digital silos. “Digital silos are created where different parts of marketing and their agencies don’t communicate effectively giving rise to campaigns that don’t work across media.”

When considering which vendors to work with, remember to choose ones that complement each other. For example, you can’t achieve a high website conversion rate if you don’t get enough traffic to your website. Likewise, when drafting a winning team, a coach is tasked with the finding the right blend of talent and strengths, and placing those players in the right positions. And when you think about it, that’s really the only way to win at anything – finding that perfect combination of vendors and tools and making sure all your bases are covered with the player that’s made for the job.

*Article originally featured on Digital Dealer

Winning Starts With WHY: The Critical Role of the "Why Factor" in the Auto Industry

By David Metter

Every business in existence knows what they do – or what product they offer and the associated features and benefits. Every dealership knows what they do best – which is obviously, sell cars. Successful dealerships equip their team with key players that know how to sell cars. But very few know why they sell cars, and the ones that do are empowered with this magical element I like to call the “why factor.”

What is the why factor? The why factor is a set of indestructible beliefs. It is how a business inspires to the point of eternal success. The why factor occurs when a threshold is crossed that transforms a brand into an essential lifestyle component. It is the point at which the brand itself becomes synonymous with the experience it provides.

The why factor is what makes baseball America’s pastime and not just a sport. You don’t have to be a diehard fan to enjoy a baseball game. It’s the atmosphere - the sights, the sounds, the smells, the contests - the experience the ballpark offers that makes it an exciting event for the whole family.

I’ll admit, compared to other pro sports, baseball is relatively slow-paced. But regardless, people love going to baseball games. Why? Because there is something memorable that comes to life within the stadium. The ballpark experience has become a vibrant aspect of our culture.

Apple, like baseball, has also become a part of our culture due to their unique marketing plays. The question becomes, what does Apple have that competing brands lack? I’ll give you a hint. It starts with why and ends with factor. It’s the why factor alone that has made Apple more successful than Dell. Their business model takes the traditional, “outside-in” approach and reverses it from “What-How-Why” to “Why-How-What.”

Leadership guru, author and acclaimed TED Talks speaker, Simon Sinek has created his own diagram that demonstrates the why factor, which he refers to as “The Golden Circle” shown below. Sinek says, “The inspired leaders, the inspired organizations, regardless of their size, regardless of their industry, all think, act, and communicate from the inside out.”

Still with me? Let’s further break down how Apple has mastered the all-powerful “why factor.”

IF (and that’s a big if) Apple communicated like everyone else, they would say what they do, how they do it and why they’re better. Then they would expect the action or behavior of people wanting to purchase their products. This is the “outside in,” commonplace approach. This tactic fails to guarantee longevity or more importantly, loyal customers.                                                 

Sinek demonstrates how Apple’s marketing messaging would sound if they were just like everyone else (outside in)…              

  1. What: “We make great computers.”
  2. How: “They’re beautifully designed, simple to use, and user-friendly.”
  3. “Want to buy one?”

Apple’s Actual Model (inside out):

  1. Why: “Everything we do we believe in challenging the status quo, we believe in thinking differently.”
  2. How: “The way we challenge the status quo is by making our products beautifully designed, simple to use, and user-friendly.”
  3. What: “We just happen to make great computers, want to buy one?” 

The difference between these two angles of approach is in the values behind the company that define why they exist. Sinek emphasizes, “People don’t buy what you do, they buy why you do it.” Such a simple idea, but so incredibly powerful. If you don’t believe me, look at any great car salesperson vs. an average car salesperson and you will see what I mean. 

In order to stand out, you can’t just say you’re different. You have to know exactly why you’re different. The why factor must be overflowing within your inherent system of beliefs. It should dictate why you get out of bed in the morning. It is this factor that conquers competitors and challenges the current way the game is played.

It’s not about if you win or lose. It’s about WHY you play the game. Same thing applies for dealers. Whether you sell the car or not, it’s essential you deliver a ball park-inspired, grand slam experience. People who have negative dealership interactions are more likely to tell their friends about them. Positive experiences equate to satisfied, loyal customers. The article, 9 Ways Your Business is Like Baseball also emphasizes the point, “The experience your customer has with your company can make or break their overall view of you and your products. Filling the seats isn’t enough. You want those seats filled by people who are happy they came.”

For your dealership’s message to resonate, you have to simply reverse the order of the information you deliver from “What-How-Why” to “Why-How-What” – always pushing forward from the inside out – never the other way around. Dealers can go about their day (and their marketing strategy) in one of two ways: they can sell cars, OR they can inspire people. Which will you choose moving forward?