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Posts with cost tag.
Websites: Why Your Smallest Investment Still Pisses You Off

We’ll let you in on a little secret. For years, decades really, you’ve been able to throw some words and photos onto recycled trees, shoot a check out for $5,000 a week and create a line so long out your front door you were laughing. And now you have a virtual ad up every day for one quarter that price (or less for most dealers) and bang your head against a wall.

You might even think that your last print ad actually did better than any other source in recent memory.

The only rules that changed when you relied on print was if your rep would “take care of you”, a competitor would drop out of the paper for a week, you had a better lost leader than the closest same-brand store or if you included dealer cash or bought down rate and nobody else did that weekend.

Nowadays how you show up, where you show up, when you show up doesn’t make sense to you and don’t have anyone even get you started on pricing as gross erodes, software tells you how to optimize your lot and competitors you’ve never heard of are showing up in your pump-in, pump-out report.

You would gladly spend $30,000 a month to see your latest promotion, however if another rep or consultant walks in with a haphazardly assembled SEO report telling you that their services are needed immediately for $2,000 a month you’ll give them the Axel Foley treatment in Beverly Hills Cop.

And now you’re told that your current website provider platform isn’t up to snuff (what is a subdomain or a second “site”??), your paid ads don’t convert, leads are down and your cost per sale is up. You’re pissed. And mostly because you don’t understand what to do and how to do it or how to get your vendor(s) to do it, not because your most important advertising source can’t work.

It’s your smallest investment (you’ll spend more in coffee services, porters and trips to 7-11 for Red Bull for your staff to start logging their ups and follows ups in CRM).

Studies don’t matter. Analytics don’t matter. Lead ROI doesn’t matter. Not until all of the basics are covered. Not until you have an understanding of your $700-$3,000 per month spend. It’s never been a pay-for-it-and-leave-it even though every vendor tells you it is.

Websites are one of your three greatest investments and the least expensive (the other two are your staff and your CRM). Don’t ignore it and them blame anyone else. You shouldn’t spend money for anything you don’t understand. Don’t be the one who knows more about what clubs Jordan was using last weekend, yet nothing about the platform your website runs on or that you need to deliver four sizes of your latest ads instead of one. Don’t get pissed off at one of your smallest line items, get smart and get results.

 

Best Practices: Professional Insight, Powerful Results

April 13, 2015 by Gary May 0
Want R.O.I. on Anything? Start Using Anything! (Or Settle For B.S.)

One of the first questions that is asked of us when engaging a dealership is “what is the R.O.I. of (fill in the blank)?” Well our friends, from leads to software, to websites and PPC, the question that is being asked is wrong.  If you ask what is the R.O.I. of a product, let me ask you what is the R.O.I. of air?

Well, it’s noting if you don’t use it.

Over the past seven years, we have proven over and over a multiple R.O.I. on all digital aspects compared to before we arrived. And remember, that is usually with no or little vendor changes. Why is this? Because there is no return of investment without education, understanding and utilization.

Dealerships usually buy due to fear or loss, standardization or acceptance of a product, or a unique opportunity (first-in-market). Rarely are those opportunities truly vetted out. While we are not saying to stop before purchasing a product or service that has market penetration because there is a compelling otherwise to do so, we are advocating full assessment prior to signing.

Take lead providers, for example. While most have taken a (B.S.) marketing position and away from you buying leads, most dealers have more “opportunities” in their ILM/CRM than they know how to handle. Buying more leads? Usually you drop your R.O.I.

Also, return on investment is calculated improperly. Is it closer to income and expense or profit and loss? Yes. Until you are properly educated, coached and assessed regularly, there is no R.O.I. because the assumptions are in the wrong place. Show me a dealer closing 10% of their leads, add another provider and, after six months, you will have a dealer with a higher cost structure closing 10% of their leads. Insanity.

Spoiler alert: do the math, work it and get results. For every new website, software, marketing tool and process, you must back it up with hard-core training (no matter how much that word sucks) and sustainment. That is how our average client that buys in fully to our processes and business rules doubles results in less than a year.

Recently we have heard about more catastrophic website or software installs than ever before. What’s the R.O.I. on a vendor search, pitches, proposal and negotiations, set-up fees, months frustratingly lost followed a switch back to the previous or another new provider?

Stop talking about R.O.I. until you spend more on your personnel, education, accountability, scoring, bonuses (not get-it-done spiffs, by the way) and intra-staff support. That’s when you get return.

Until then, you can continue to buy based off of “your competitor is using this and they’ll eat your lunch” or “only 5 more cars sold with our biz-bang-boom and you’re in profit!” or any other snake oil sales job you fall for.

Oh…and one more thing to consider. Results occur top-down with an true ownership, understanding perspective. Not bottom-up make this work garbage. So take that pill and swallow it…

 

Best Practices: Professional Insight, Powerful Results

 

August 27, 2014 by Gary May 0
What Tough Times Have Taught Us About Digital

Money. Lots of it! Tons and tons and tons of it! So much that for the first time, we're witnessing dealers that have been hands-on since 2008 starting to slip away a little from the stores and enjoy "away" time again. And that's great. Until, at least, you think about the last seven years again.

If "Digital" has taught us anything, it has demonstrated that small can become bigger faster, the big ones often look like Swiss cheese and that up and down markets don't care about much besides presence. After the last fourteen years around the Automotive Web and six and a half in dealerships, what is striking is that digital has shown ambivalence and opportunity at undeniable levels.

And most still ignore the power and upside. Making money can make us stupid.

Even with sales up 3% so far in 2014 and last year's finish around 8% over 2012 (our average client was up over 30% last year and tracking again), there still is a strong desire not to change anything. And most of what we see is still what could be categorized as "fly-by-the-seat-of-your-pants-trust-me-it-works" stuff.

When a tough market hits again, and it undoubtedly will, will we collectively be in a better place or will we still be grasping at straws and dumping expenses to match traffic and revenue? As shared by Jared Hamilton at last year's DrivingSales Executive Summit, we still aren't tapping into service marketing and penetration opportunities right now via digital channels (really any to speak of) while aftermarket still dominates search and revenue save for dealers really paying attention to categories such as tires, Quick Lube and equity mining. Digital covers all of those if CRM and marketing integration is done properly.

Tough times, and the subsequent good times, have taught us that when push comes to shove, no answer and direction is as good as solid ones. Because nearly everyone that was able to hold out between 2007 and 2009 is making money. Yes, the smarter ones are making more, however most are nearly printing money today.

Digital is still the "back marker" in a nearly-completely digital world. And the statistics for the entire market simply don't matter when it comes to your market. So what has digital taught you?

Share what you can about your experiences, good and bad, that steers what you do and don't do in digital today…

 

Best Practices: Professional Insight, Powerful Results

May 4, 2014 by Gary May 0
Peeling Back The Social Onion: Are You Just A Puppet?

2013 is shaping up to be a pivotal year for automotive retail (again). Results are in for March and the first quarter showing that, with exception to some brands, you're making money. However are you making enough money to make bad mistakes for your business? Look at your social media, chances are you're doing just that.

There's just no excuse for not participating in one of the essential areas for grown, increase in traffic, creation of leads and retention of clients. And by participate, what's meant is not completely being hands-off. Outsourcing your content (SEO, SEM, social, etc.) is critical for the majority of dealers but you must stay involved: review, analyze, modify, challenge and hold accountable. Never, ever let your vendors run wild on your content. Thousands of dealerships are, regardless if they pay for services.

Dealers will write checks to vendors from $300 to $4,000+ a month for social media content services for six months, not realizing that their pages look identical to hundreds of other dealers. Remember the following tips related to all of your content:

    1. The majority of Facebook pages are not crawled by Google, Bing, or other search engines. The fact that your Lexus dealership has the same posts and a hundred other ones won't bother Google, just the people you're trying to engage. And if you have most social vendors and a large "Like" count, you've likely bought fans or acquired them through giveaways. On average, less than 2% engage on dealership Facebook pages because they're not authentic, don't represent their neighborhood/area or extend their brand. It's useless if it doesn't look, sound and feel like you. "Caption This" didn't work, doesn't work and won't work.

    2. Add to the above a little annoying Facebook detail that dealers (and many businesses) continue to ignore: if you have a profile ("friend") page, you are not only in violation of Facebook Terms of Use (TOU) rules and can lose your page, you can't get all of the analytics, advertising and other functionality that come with a business page.

    3. Google doesn't like duplicate content. You've heard it at least 10-20 times but you don't know what it means. Simply put, if you have the 78th blog to post a redundant article on the Chevy Volt from the auto show you're not an authoritative site and Google won't drive traffic to your blog from searches. That is unless you can get a lot (A LOT) of people to your post, to talk about and share your post as well as re-post. Good luck.

    4. Twitter is an amazing tool, that most dealers' vendors simply automate posts from Facebook, YouTube and their blog. It's a shame. With Twitter you can actually listen. Yes, listen. Google doesn't show you real-time results for posts and discussions about your brand or franchise. Twitter does. And you can reply to them, unlike on Facebook. It's amazing what will happen in Twitter, over time, if you simply use it, ask questions and engage.

    5. Google Plus is being underutilized by you right now. Google what? Yeah, Google Plus, which should now be integrated (merged) with your Google Local page (reviews). And oh boy, are there a lot of "experts" giving out the completely wrong information on using Google/Google Plus/YouTube and their other tools (as well as all things social) and your vendors are just responding with "thank you" or "we'll get back with you" on your positive and negative reviews. One thing that happens with G+ consistently? Content indexing quicker than any other platform. Well, Google owns it…and you're not posting on it.

Typically a quick (10-15 minute) review of all your social network assets will reveal nearly no advantage by paying your vendors for 80%+ of dealerships. Better yet, look at your Google Analytics and see if you have actual links to your website(s) from your social media networks. Even if you're not paying for your content services, why even do it if you're not doing it right? And if your social vendor happens to also provide you with "SEO" services, look twice as hard.

Puppets are cute, for puppet shows. Not for business. Stop being a social media puppet or just another case study for your vendor to get an OEM endorsement. It's not a silo. It's not "we have a social presence" or "we do social". Everything that carries your name must be known and understood by you. Quit turning over your business to others because you don't want to invest or because "it doesn't sell cars".

This post likely won't change much but so much improper marketing for data purposes or to perpetuate automation is being done in the digital realm today. Maybe we can change it. Don't be another puppet…

 

Best Practices: Professional Insight, Powerful Results

April 2, 2013 by Gary May 0
The cost of information versus execution

We hem. We haw. We decide. We buy. We go. Then what? First,
let’s go back to the start. What is the education budget of your dealership?
There is likely a marketing budget, a maintenance budget and even a coffee budget
(especially if you’re a high-line store). Where is your education budget? How
much is spent on outside support and consulting away from a vendor rep or “consulting”
reseller that simply pushes products and trains on them specifically?

Sure, it is important to take care of your image, your
facility and your customers. However today, more than ever, the investment made
in dealership staff is more important than the payroll investment and on par
with any other expense or cost center. The number one thing that can move a
business forward is typically forgotten, let alone budgeted for.

So the dealer, general manager, marketing or Internet
manager make it to a conference. Once everyone is happily back in the nest, 30-95%
of what is learned is lost or not executed on (delayed loss). $2,000-3,000 is
spent to have one to two people there; however sustainment investment typically
runs about 5-10 times what the event does. Where’s the investment to ensure the
information, implementation and platform for success? $10,000 will usually be
spent in a flash to simply appease the manufacturer’s rep with some local newspaper
advertising to push the new model,
where’s the $10,000 over six months to keep the dealership staff on the leading edge?

Information is great, fantastic, liberating and exciting.
However the actual implementation and sustainment is more so and the other
benefit is you actually get to see the results rather than simply reminiscing “remember
back at that conference when the guy (or gal) talked about doing that new thing”
and then getting back to doing things the way you…always have.

The cost of the information is practically zero. Yes, some companies
and publishers in the industry charge you for webinars with expert speakers but
where’s the follow up and how do you actually do what they’re talking about.
The cost of implementation is significantly higher but it’s the only way to get
the results.

Don’t go to the conferences if you won’t back it up with the
real investment. Don’t send your staff to get information that, with about five
minutes of searching on Google, is otherwise available within the confines of
your dealership. And don’t send your Internet director for the “amazing networking
events”. Get the rubber to meet the road by attending, considering, spending,
measuring*, reviewing and reinvesting.
 *measuring that involves using a proprietary
dashboard rather than an unbiased third party is typically a short-sighted
move.

The greatest reward any dealer will receive from their
digital marketing is no different than any other investment, like a facility
upgrade or a redo of the fixed operations department. It causes people to work
and think in fresh ways, generating better results.

Invest in the best assets you have and make those efforts
ongoing. Replace "I liked that conference a lot and will likely go again, especially if I can fit in a couple rounds" with "I can't believe the growth we've had from doing what the speakers taught us about and am already booked for next year".

See you at the conferences!

 

Best Practices: Professional Insight, Powerful Results

September 26, 2012 by Gary May 0
Searching For The Digital “Leg Up”? Jump All In!

The mad scramble to do the crawl, walk and maybe run is still in full force. Yes, more are shifting toward digital but 2012 is nearing half way through and we're likely still under 20% of budgets going to true online and integrated strategy across 17,000+ franchise dealerships. We're talking the talk, ladies and gentlemen, but we're not walking the walk…

As a matter of fact, you might just say that the "Leg Up" everyone is looking for is only one jump away. But while you're looking at (and impressed with) your knee moving up, you miss the view of the real goal is a good leap away. And at the same time, our indsutry is being bombarded with new vendors, software and services along with the current ones continually trying to reinvent themselves. And for what?

What moves results? Sustained efforts. On top of solid education. Supported by execution. Surrounded by measurement. Without the entire package, not just the slick sale pitch that got you to buy, you might as well cut yourself off at the knees. No digital leg up for you! But why????

Because, for the most part, we allow vendors to pull the wool over our eyes. It's not about having the newest and greatest or even starting from scratch for your first time. It's outlining what success looks like, making enterprise commitments for training and utilization, how technology gets us there, insights to customers' technology use, understanding how people find us and so, so much more.

It is 2012, you're not in the game if you're simply buying a new website! Your website has to be completely integrated with your inventory. The dealership's CRM has to allow you to work remotely. Salespeople must enter data about their customers. You will not get a leg up in digital marketing or eCommece results if there are workarounds of any kind. This goes for everyone on the showroom floor to executive management.

One out of 100 customers are drive-bys today. There shouldn't even be a "drive-by" in the sourcing options of your CRM. Fudging a prospect's email or driver's license number to get a key for a test drive "just do to it later" is as effective as not having a customer sign the purchase contract but letting them drive off the lot. Having a website without real SEO, integrated incentives down to VDPs, model (and if called for) trim landing pages that are not copied from or framed in from your OEM, future models and everything people actually come to websites for is also unacceptable. Everything that you want to make easier with a digital leg up is real work. Yes, it takes real work. And it never, never, nover ends.

And here's a newsflash: It's not all about the acronyms:

SEO – Shove Everything Overboard
SEM – So Everything's Mobile?
PPC – Perpetually Perform Catastrophically
CRM – Can't Review Monthly
SME – Social Media Euthanasia
SMO – Senseless, Mindless, Objectiveless

Now you're left with one thing to do…SOS! 

SOS – Shiny Object Syndrome

You can't and won't win the digital marketing war purely by spend while staying immersed in traditional media or by making incremental movements while the world is forging forward in digital consumption at 200 MPH. Dealers and managers, don't excuse yourself or your staff because that is followed by your customers excusing you to go down the street.

A digital leg up is going at your entire presence all the time, both online and offline. On the web and in the store. If you're not making the experience the same, don't ask an app or a CRM to save you.

Last weekend I participated alongside roughly 13,000 cyclists to raise money for Multiple Sclerosis in a ride form Houston to Austin, TX called MS150. Most finished. Some quickly. Many slowly. For those that didn't finish, some had mechanical issues due to their bicycles not being properly ready. Some had accidents which took them out, which is to be expected when thousands converge on a small area at the same time. And finally some just couldn't make it, their hearts completely in the game but their bodies not. They wanted to. But they didn't get the results they expected due to the fact that they didn't jump in. 167 miles is a long way in two days for most people, period. And my hat's off to everyone that participated. But to win, you can't just get a leg up or start "training" the week before. You have to jump all in.

Digital marketing and success online as well as in your store doesn't happen by will power alone. There needs to be a plan, equipment, partners, inventory and more. Make sure that your multi-million dollar investment doesn't have a nickel-and-dime presence online. And take the time to understand what it takes to go all in. If your vendors only want to give you a leg up and are not willing to jump in with you, you might as well stick your head between your legs and kiss your store goodbye…

 

Best Practices: Prefessional Insight, Powerful Results


April 24, 2012 by Gary May 0
I Before We, With No Exception To D(ealers)

It's the end of the year and the heart of the holiday season, right in between being thankful for everything we have and swearing off more than half of it (mostly weight) for the coming year. It's the time of the year when a few minutes on the automotive networks and news sites gets the mind going. It's also right after last week's (first ever) rant….

So in spelling, it's i before e except after c. Makes sense. Well, it makes no more sense than if it had never been that way and we simply didn't make the rule. No different than putting I before we, especially for the D's. The I's are the loud talkers, advertisers and general blow hards. We…in case people forgot, are the industry. And alas, the D's. The D's are the dealers. Those are the ones that move the industry.

In the event that those that believe the real deals are: the ones doing all of the talking, the media, the OEMs and the old boys club…you're dead wrong. Not that more than an acceptable level of that goes on, it clearly does. But the writing on the wall is getting more clear by the day: the dealers, customers and (ahem) the banks/captives move our beloved industry. Just because an outside person can come in and put a deal together doesn't mean that anything….anything improved the dealership.

More and more dealers are waking up to the simple fact that they've been taken for a long drive on a short road for quite a while. And since the days of milk and honey have been over for a bit, it's more painful than most would care to admit.

So check out the majority of content on our favorite places to read. More #1 this and that's. More white papers. More new, unbelievable this and that's. More covers and articles blaring horns and sirens. OK, the numbers are up in 2010, thank goodness. Even if we're at 12M new units, that's not 17M. Not playing the downer here, lots of stuff is good, but realize that yelling about being the best at something does nothing for business at retail.

Heck, there should be more practicing of the preaching. Any company claiming they're the best, don't just back it up with 1-5% of the client base with quotes. Get the bottom percentage to do the same thing. Ask them to write testimonials without any favors, kickback or kudos of any type. And if you have three times the customers of your next competitor, you should have at least three times the reviews.

We need to move the industry at retail. We can't change the banks, so let's put our efforts where they matter most. Yelling about moving a dealer's Internet sales from 25 to 50 per month, when you didn't? Screaming that you can do the best job in the industry at whatever and your clients aren't the best in the industry? Promoting as best-in-class when the company's experts can't get on the phone for days to review the company's performance in what should be their core competency? Shame on us. How many things have become more important than the customer and how many things are in the way of simply delivering?

Let's make dealers better tomorrow. If a dealer is paying for a service, every 30 days should be better in some measurable form. It's not always units or profit. Sometimes, it's efficiency (which drives profit anyway) or education or communication or retention. Something that makes more sense than simply spending more. Let's put the dealers first. Before the next award bought. Before the next accolade spun.

I before we, with no exception to D is the wrong approach. Pass on the awards, the half-baked "third party" certifications, the advertisements (please!), the 'unbiased' networks, the bling and the paid glorification. Let's get more DEALERS on the cover of Newsweek, not CONSULTANTS on the cover of….

Whooops, that one almost got out….

Best Practices: Professional Insight, Powerful Resultsego,

December 19, 2010 by Gary May 0
Don’t Let Social Media Get In The Way Of Your Success With It

We're bringing a petition to DrivingSales Executive Summit, JD Power Internet Roundtable, SEMA and NADA. But you can be first to sign it here and now. The law we're hoping to get passed in the retail automotive industry is "stop calling it social media and start calling it die without it". It's not something you try, experiment with, make efforts toward or the like. At least no more than you do with sales, service, F&I and your P&L. Do more. And stop thinking so much you can't do much.

Sick and tired of consumer communication and engagement, as well as fundamental business improvement, being hawked, pitched and sold by fly-by-night companies (as well as legitimate ones) with getcha-while-you're-looking tactics, it's time to discuss, use and improve platforms no differently than you would want a CRM or website technology used and improved.

Simple question: Do you want to stay in business? Your answer has to be all the way in yes or all of the way out no. There is no in between. Many (not all) companies that have tried to be somewhere in between over the past few years show up today as the many For Lease or Going Out Of Business signs on your daily drive. Don't think for a second that we're saying that had those businesses been in social media that they'd be vibrant and profitable today. Not at all.

But to sit and wait, guess and judge, delay and save or flat out refuse social media as part of your business strategy every day is the fastest path to demise today. Period. Remember that no one aspect of your business is a silver bullet. At the same time remember you can save yourself to death no differently than you can spend yourself to death. You're not "in" Twitter and Facebook. You're (hopefully) in business using a database/contact management system, a series of processes to sell, track and report, and a solid foundation of online media to showcase your business.

Saying "I'll try Facebook for 6 months and see if it works" is the same exact thing as saying "I'll try selling our services for 6 months and see if it works" or "I'll maintain my storefront for 6 months and see how that goes". If you want to see how things go, get committed or get out. If you truly aren't prepared for success in your own business, do it for someone else and leave the tools that professionals use to…a professional.

Blogs, Wikis, Display advertising/SEM, Review sites/reputation management, Facebook, Twitter, LinkedIn, Foursquare, Google Places and more are tools to be a more effective, yes effective, business. Not a trend-setter, not a groupie, not one of the cool places to hang or any other way of minimizing your way to profit. Can your business survive without being on Facebook? Chances are yes if at least for a short time. Can you survive without the fundamentals that have social media thriving and being "buzz" in mainstream media? Not for one New York minute, to steal a great song title from Don Henley.

So please don't let social media get in the way of your success with it, knowing you'll not experience success without it. Even if you don't set up that Twitter page you've been hemming and hawing about for a year… Oh, and one more thing. If you're a car dealership, don't pay $4,000 plus a month for social media services. That is unless you're getting a cut of the profit.

Best Practices: Professional Insight, Powerful Results

October 17, 2010 by Gary May 1
Crunch Time: Are Your Vendors out To Lunch? Or Are You?

It's very telling, especially today, when a supplier doesn't deliver.
Over-commit, under-deliver. While there is no such thing as 100%
delivery, 100% of the time when there are variables like creative,
interpretation, third parties and even technology changing at a
breakneck, daily pace. However the fundamentals should never change:
communication, expectation, examination and verification.

Being
around the automotive online space for over 10 years, it has been
common to be around or even directly involved with what you might call
"sales coups without production capabilities" or "sell it and then we'll
build it". Most of the time letting clients know you're building
something as they buy it is completely fine. Selling something as
complete or pitching services you provide when you really don't is
something else.

Over the past few years, it's been website and SEO services. Lately it's social media and reputation management. Two sayings to remember: if it sounds too good to be true, it likely is; stupid is as stupid does. In all fairness, the impetus is always on the buyer. While that's not completely fair, everything deserves a second look or opinion. For one example, recently we've been in meetings hearing about services for a few hundred dollars a month promising positive reviews on hundreds of sites.

Even without prejudice, it is difficult to understand the reach, impact or importance of a positive dealership review on some obscure website. About florists. Being read eight states away from you. By someone who has no interest in buying a car.

Numbers are great. Especially transparent ones via Google Analytics or something similar. It's also great to have a string following in the social online around your business. Having 40,000 on Twitter and 10,000 fans on Facebook, most of whom never have or never will buy from you, refer people to you or possibly even realize what your business does. That's irrelevant. People moving into your PMA that own a car from your franchise? Great. Likely a potential customer. Someone on your social network that lives 8,459 miles away from you because you're giving away something for free? Worthless.

What's of less value than that? The people and companies that are selling the services because you don't have the time to know and understand better, let alone put resources against it. And the fact that you can do it for $300 less a month than another company that can do it for you? And you call yourself a business person? Please. The other day at an OEM meeting, we heard about dealers paying $2,000 dollars a month for social media services. There are real companies doing a better job for half the price. Dealers paying $8,000 a month for that?!?!?! Let's not even go there.

This is not about the struggles with real ROI in the digital space. Or people not understanding services. It's not even about pushing companies out of the industry that will intentionally pull the wool over dealers' eyes (that would take years anyway). It is about taking charge of what you want to do in your business, having goals, comparing apples to apples and making sense out of the insane amount of pitches car dealers face.

Many times it's your vendors that are out to lunch. Sometimes, it's absolutely you. Question reps and consultants. Question proposals and marketing materials. Question your staff on what to do. Heaven forbid, question your customers and find out what they want and expect first. And stop buying for the sake of it, because someone in your 20 group did or because a golf buddy (that operates their store completely different than you do) told you they found the magic bullet.

Get back to business. It's crunch time…

Best Practices: Professional Insight, Powerful Results

September 4, 2010 by Gary May 0
Dealership Reset: It’s Halftime, You Got Game?

There's not too many times during the year that we call a time out. Well, there's usually one. Here's the dealership reset:

Accountability: How are you against your goals?

It's not just units, gross and ROs. It's about cost, effectiveness and no-bullshit reviews. Someone's feet not being held to the fire? Now's the time or else don't expect anything different come December.

Assessment: Who is helping you, who is not?

In meeting after meeting, the question should be the same for dealers to suppliers: "what have you done in the past 30 days to improve my business?". If they can't answer and back it up, you're wasting money.

Education: It's not just for sales meetings anymore

It's incredible when the entire sales staff can chirp back specs on the car they just received product training on that morning from a sales manager or the factory rep. It's another thing when a salesperson helps everyone learn something about their CRM they didn't know or shares a closing technique that got them to 25 units for 3 months running. When you stop learning, you start dying. When you refuse to learn, you need to pack your bags.

Impression: None, fleeting, building, lasting or wow?

Impressions have nothing to do with CPMs or 4-color versus black and white, although every newspaper sales rep that calls on your store will have a fit defending themselves. Impressions are all about what people think and feel about you and your business. And while it has a little something to do with the "silver bullet" that nearly everyone is talking about lately (yes, all of the experts are talking…all few of them), impressions are a lot more under your control once you realize that management actually influences nearly everything that happens at your dealership.

Half way through the year is more than enough time to evaluate a new program, see the leads you were supposed to get, increase your SEO results (if not dominate in many markets), build substantial results from email marketing, and a whole  laundry list of other improvements. If you are not getting the results, cut bait. If you are, see how you can get more.

Everyone needs to do the reset. In a meeting with a dealer last week, it was dismaying to see things that weren't acceptable even five years ago still prevalent today. Apologies for using some cliches but they're so appropriate:

  • You must inspect in order to expect
  • Together Everyone Achieves More (TEAM)
  • Leaders are readers
  • The hardest thing to change is the 6 inches between your ears
  • It's not how hard you work, it's what you do with your time
  • Dreams come a size too big, they allow us to grow
  • Track, target, trim and train
  • An idiot with a plan is better than a genius without one

The tragedy in life is not missing your goals, it's not starting with any. And that's even more the case when you don't check yourself before you wreck yourself. It's time to do your reset. You'll thank us later…

Best Practices: Professional Insight, Powerful Results

June 6, 2010 by Gary May 1