BIG Idea of the Week: You can't quit on your dreams now... Why? Because you're close.

You're REAL close. One small shift - one small change - one small letting-go-of-what's-not-working. We're always so quick to ADD - add a new product, add a new service, add some more marketing, add a new sales rep, add more and more and more. Sometimes the secret to success is to let go. My pal Kathy Dempsey likes to say "Shed or You're Dead." What do you need to shed in order to grow the business of your dreams? Think about it.

- David Newman

http://www.dealersynergy.com
Sean V. Bradley is Training a HIGH LEVEL Automotive Internet Sales / BDC Director on "How to Identify LOST Opportunities" and how to EVOLVE her Employees

In the early ‘90s an acquaintance received a new job assignment. He was to set up an outbound telemarketing department to sell off millions of dollars of off-lease computer equipment.

He assembled a team of “telemarketers” – accountants and administrative assistants from within the company. He sourced and obtained a prospect database. A sales and call management system – a CRM -- was evaluated and installed. In the meantime, caller phone-skills training got underway while he developed daily call goals and quarterly revenue quotas.

In the second year of its operation, this in-house effort generated $20 million for the company.

Do you see an application here to your business?

What’s your CRM doing for you?

Your CRM should be a money machine. A detailed plan for its use, operation, reporting and management is vital. Hold accountable every user in sales, service and F&I accountable for capturing customer data into it. Be sure these individuals use the CRM to stay in contact with their customers.

It should go without elaboration that daily CRM use for customer communication is important. However, to create a money machine from it put it in the hands of individuals capable of riding it hard.

Start your engines

The following steps are a guide to CRM profitability:

1. Train internally or hire an individual to be your CRM specialist who likes speaking by phone. Their personality should project well to the listener.
2. Establish specific calling goals and make them aggressive. Define specific calling objectives: mining customer data for equity-play customers; customers soon to come off lease; or, older vehicles you’d like returning to your service department.
3. Ask your marketing person or agency to draft phone scripts. Scripts should detail key benefits and selling points for each call type. Train your specialist to use them to guide conversations.
4. Include in these scripts a variation of the Road to the Sale. Craft the script so your specialist’s conversation brands your dealership.
5. Determine your calling specifics. These include calling hours, call-out quotas and revenue expectations. Here’s a model: The number of dial-ups per day required to achieve X number of live calls X number of these calls that convert to X number of fruitful discussions = X number of sales opportunities. Decide to whom you will assign resulting live opportunities. This is the individual who will meet-and-greet the shopper when they come into the store.
6. As management, track this activity to hold your specialist accountable for making the calls as required. Use these reports to monitor performance.
7. Compensate based on the caller’s adherence to and meeting of the quotas and objectives. Add a spiff for every call resulting in an appointment set. Layer another spiff when the appointment shows (incentivizes proper appointment reinforcement efforts), and consider adding a percentage or flat commission when the appointment converts to sale.

These seven points provide a framework for turning your CRM into a true profit center. Truly, CRM application like this is a “numbers game,” which the right structure, the right objectives and the right specialist can turn into more “solds” on your lot and more ROs in your service department. 

Source - Automotive Digital Marketing (RePost)

http://www.automotivedigitalmarketing.com/profiles/blog/show?id=1970539%3ABlogPost%3A370558&xgs=1&xg_source=msg_share_post 

Usually when I construct posts here on AIS, I usually like to include several statistics regarding the topic. Not this time. While there are several studies (I'm sure) on the subject of reputation management and responding to criticism on social media, I would rather this be more of a logical post. Once more, I'd also like everyone's feedback as well. So, here goes....

In 2012, when a customer's displeased with your dealership, chances are he/she will head straight to the social media-sphere. They want to share their anger with others. We've all seen it before. They'll not only post it on your dealership's Google Place page, but they'll also wander over to your Facebook and Twitter pages to voice their opinion. How exactly do you respond to their criticism? 

Some like to respond by, essentially, not responding. They like to bury the customer's post. This simply means instead of addressing the concern, the dealership posts content on top of the complaint. Some may even go so far as to delete it the complaint, altogether. The customer catches on and then, you have to block the customer.

I believe if the customer is sharing a logical complaint: "Manager rubbed me wrong way" or "Service dept didn't address my concerns." Then, you should definitely engage. There's no use ignoring a situation that can be resolved with just a few sentences. "I'd love to take care of this for you. Would mind if we called you?" Chances are that the customer won't forget you and your dealership if you just hear them out and try to address their concerns.

I'm not naive, however. I realize some customers aren't so civil. Some turn out to be social media abusers. They'll go on your dealership's page and post profane comments over and over. Some (I know firsthand) create fake accounts just to post more profanity. I believe this is the only time it's acceptable to hit that block button. That person is only there to complain. They're not posting for help. They're posting to drag your name out in the mud. Block and move on. 

*After perusing this post, I'd recommend checking out Seth Godin's Blog Post on this matter: Engaging with Criticism

So, what do you think? Immediately delete the complaint or engage and learn?

WOW!

Kind of Sounds like this...

These are the testimonials after a 1 day workshop!

Today, Consumer Reports really gave it Ford regarding the Explorer, Fiesta, and Focus. (More on that here) It is pretty surprising given the success Ford has had over the last few years, growing in reliability and quality with not only their vehicles, but also their technology. 

Anyway, I checked out Ford's twitter feed, which is the most active in the entire auto industry, and they linked to a discussion forum on their website. The topic was : "Tell us why you love Your Ford Explorer."

I just thought that was a really smart social media and reputation management technique.  Here's that tweet.

The Truth About CRMs…

Customer relationship management (CRM) software is always on a dealership’s agenda in our 20 Groups, and they almost always come up in every single workshop. And this is how it should be — it is one of the most important tools and resources that a dealership has in its arsenal for automotive Internet sales. Over the last 12 years, I’ve seen Internet lead management (ILM) and CRM technology companies evolve to have amazing offerings.

But over the years I still get the same question “What is the best CRM for dealerships?” The answer is complex, because there are different “flavors” of CRM, and what’s right for one dealership can be the wrong fit for another; we’ll get to that in a moment. The goal of a CRM package is to reduce redundancy by offering with multiple tools and consolidate to one centralized platform. That means if you have multiple tools / products that do the following:

• Digital or manual showroom control system (desk log)

• Service reminders

• Permission-based e-mail campaigns

• ILM tools

• Phone up tracking system

• Inventory management system

• Call tracking software

• Service appointment system

• Data mining

• BDC campaign management

• Special finance

• Reporting and analytics

With the right CRM, you don’t need a separate tool to perform all these functions. Theoretically, the right CRM lets you consolidate all of this with a single technology platform. The benefit here is multiple. It’s certainly cheaper to pay for one CRM tool than having to purchase numerous tools individually. While an individual tool will almost always be cheaper than a full CRM, if you add up all of individual tools out there, the total cost would be much more expensive than the average cost of a CRM.

One of the most powerful benefits of using a single CRM solution, however, is the fact that all information is on one centralized platform. For example, if you have a prospect that sends an Internet Purchase Request, the CRM will have that in its database. If that prospect decides to walk in the dealership and is “logged” into the dealership’s CRM as a showroom prospect, it will be recognized immediately that that prospect was originally an “Internet opportunity.” Furthermore, if that prospect was ever in the dealership’s service department or did any type of business with that dealership, it would show up in reports. Most CRMs will calculate the amount of profit made from each customer, and the dealership can see the whole picture of a customer or prospect. This is important because if the dealership has the full picture on a situation, it can make better business decisions.

Not all CRMs are perfect fits with all dealerships, though. CRMs can be designed to focus more on one area of sales than another. If your dealership also focuses on this area, it’s a good fit. If you don’t have a particularly strong Internet sales department, but your CRM specializes in Internet lead management, that can be a bad fit. You have to do your research before committing to a CRM solution.

The best advice I can give is to stop trying to shove a round peg into a square hole. Too many dealers out there buy one tool, and then try to make it do what it wasn’t designed to do. I’ll give you an example. I have a dealer client that purchased a tool that was 100-percent designed for special finance. It was designed for a “special finance” depart ment, and was designed by a “special finance” branded company. But the dealership uses this tool for its entire store, and they depend on it for their Internet sales department. The crazy thing about this situation is that the dealership doesn’t even have a “special finance” department. They bought this tool without researching the situation, and are now paying the price.

Here are some steps you can take before you buy a CRM:

• First, simply ask yourself “What do we want or need a CRM for —Internet, sales, service, BDC?” When you answer that question, find a CRM that specializes in that area of need.

• If, for example, you have an extreme need for Internet lead management, compair CRM tools that specialize in that area with each other. Find out why they feel they specialize in ILM, and find out what credentials they have for ILM.

• Get references, and then actually call other dealers using the tool. Ask for references who aren’t in their marketing, and speak to the actual department you are investigating. Don’t ask the dealer principle or GM about Internet lead management; ask the Internet or BDC director. Get their real opinion from a day-to-day operational level.

• Accept the fact that you might need to have more than one tool. For example, I have a lot of dealer clients who have multiple tools. They might have a full CRM and an ILM tool, as well. Yes, this goes against the myth that a CRM can do everything, you’ll be better off in the long run with the right tools for your dealership.

Look at it this way: You wouldn’t go to the ophthalmologist if you had trouble breathing. The ophthalmologist is a doctor, but that’s not his specialty. Use this same mindset when selecting your CRM.

Please e-mail or call me if you have any questions about CRM or if you would like a free strategy session/assessment on your current CRM solution.

Sean V. Bradley is the founder and CEO of Dealer Synergy, a nationally recognized training and consulting company in the automotive industry. He can be contacted at 866.648.7400, or by e-mail at sbradley@autosuccessonline.com.

http://www.dealersynergy.com

Does your ONLINE Reputation Suck...? Are you sure... You better check and if Does, You better know what to do!

OK... I know you all have heard about online reputation mangement...but it is VERY IMPORTANT!! I have clients and soon to be clients calling Dealer Synergy asking for HELP!!!! They say they are being attacked by "Internet Terrorists" I am dead serious, thats what a dealership told me the other day... You have to protect your online reputation. It is SOOOO Important, that I dedicated (FOR FREE) a portion of my site to show the community several of the major online reputation resources out there. But, I came across this resource recelty and I now have sevreal Dealer Synergy clients that are using this company. I have NO AFFILIATION with them at all. I am ONLy going by what I see personally and what my clients have told me their experieinces are and they are ALL positive... If you are getting CRUSHED by BAD reviews then you NEED to look into these people. They can FIX it... but its NOT enough to "wash away" the bad reviews... you need to have a strategy going forward to create a positive online reputation management protocol and integrity... This on the other hand is to help you out of a BAD situation. Here is a Quick Video from a client of mine, the President of Peruzzi  Toyota talking about "Review Boost", Bill Finocchiaro

http://www.facebook.com/seanvbradley

A few years ago, I was working at a Japanese high-line store and we took in a Porsche 911 on trade with the engine light on. We sent it through the Service Dept for Recon. They were able to get the engine light to go out (although I never knew exactly how) and we put the car
on the front line for sale. A buyer came in that weekend and purchased the car. Two days later, it came back on a flat-bed. Why? The engine had seized because it had no oil. In an effort to save money on the Recon, we let our Japanese-trained technicians work on it. Had it gone to the Porsche dealer a few blocks away, we might have saved the car. Instead, we had to put a $10K engine in it.

Letting just anyone ‘do’ Social Media is risky business. Social Media is much more than setting up a Facebook page, uploading YouTube videos and broadcasting Tweets. Most dealerships set up a profile on Facebook and notice that there are many more things on the to-do list. Pretty soon, interest wanes because they find out it’s harder than it looks to create valuable content every day. Who then is best suited to handle the dealership’s online campaigns?

CHOOSE WISELY

If you have employee that can free up the time and has the knowledge on how to use the Social Media tools, it might seem like an easy solution. So did sending the Porsche to our Service Dept. If you have an employee who knows how to use Facebook or Twitter, chances are they know how to use these tools for personal reasons. Engaging the online customer (Marketing), generating leads (Advertising) and building your store’s online reputation (Public Relations) is perhaps asking more of that employee than they are capable of.

Collaboration with a talented strategist is necessary to achieve your dealership’s goals with Social Media. Experts provide training and guidance to acclimate you and your staff to the process of engaging your online buyer. You’ll find that engaging a Social Media specialist not
only costs less but it will quickly bring in leads you never knew existed.