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Internet Sales 4.0:




Internet Sales 4.0:
     Secrets of a Successful
Automotive Internet Operation
Internet Sales 4.0:


Credentials
    David Kain
    •  Owner of Kain Automotive, Inc., Automotive Sales Training
       specializing in Internet Sales and Automotive Business
       Development Centers
    •  Dealer's Choice Award winner as the #1 Rated Internet
       Training Company 2008, 2009, 2010 & 2011 in Auto Dealer
       Monthly
    •  Co-Founder and COO of FordDirect.com
    •  18 years automotive retail experience; Dealer partner in Jack
       Kain Ford
        –  12 years Dealer Principal
    •  Served on 2000 Ford National Dealer Council
    •  BBA in Marketing and Management from Eastern Kentucky
       University

                                                                      2	
  
Internet Sales 4.0:




KainAutomotive.com Study - GOALS

•  Review Digital Marketing

•  Review Processes and Tactics

•  Identify Traits of Leading Dealerships

•  Identify and Rank what Drives Success
Internet Sales 4.0:




Internet Sales 4.0
 Internet Sales 1.0:
 1995 to 2000

 Internet Sales 2.0:
 2001 to 2005

 Internet Sales 3.0:
 2006 to Present

 Internet Sales 4.0:
 Begins Today
Internet Sales 4.0:




Formula for Success
 Progressive Leadership
 + Innovative Marketing
 + Continuous Process Improvement
 = Internet Sales Success

                          “Our process is the key to our
                          success. Quick response and
                          quality interaction makes all the
                          difference”

                                 Mike Lallier, Dealer
                                 Reed Lallier Chevrolet
                                 Fayetteville, NC
Internet Sales 4.0:




       Study revealed
 Countless reasons for success


         We identified the


     Top 10
after interviewing over 100 dealers
Internet Sales 4.0:




Traits of Top Performing Dealers
15-20%
closing ratio

14 – 15
sales per person

Sales Gross Average
~equal to floor

35% of Sales
from Internet appointments
Internet Sales 4.0:




What Drives Successful Dealers?
                                ,-./01-$2-3456$
            ,-./012"34"A7.<"B7=@36=7"                                                   +"'$
      M<;7976:7"13"."P90Q76"J93:7=="                                                   +"%$
80<</7"8.6.>7F761"5L79=0>;1OG-2HI6"                                                   +"#$
              A7L7/"34"M::3-61.N0/012"                                         )"*$
                       ?1.K"C9.0606>"                                          )"($
                   A7.<="J79"J79=36"                                           )"#$
          ?76039"8.6.>7F761"G-2HI6"                                        )"&$
           C9.:D06>"E"87.=-97F761"                                      '"($
             ?@77<"34"A7.<"B7=@36=7"                             %"&$
     ,-./012"34"56/067"879:;.6<0=06>"                     !"#$

                                         !" #" $" %" &" '" (" )" *" +" #!"
Internet Sales 4.0:




    Quality of Lead Response: 9.7

 “I noticed you wanted the 3rd
   row seat and would like a
value for your 2005 Chevrolet
             Tahoe”

“I can help you with this right
            away.
Internet Sales 4.0:
Internet Sales 4.0:




Sell the REPLY

Sell the CALL

Sell the APPOINTMENT

Sell the CAR
Internet Sales 4.0:




Adherence to a Written Process: 9.6




                          Plan Your
                            Work
                              &
                          Work Your
                             Plan
Internet Sales 4.0:




Middle Management Oversight/Buy-In: 9.2


  There is no gross in an
    Internet deal…

  Why would I give a price
to some guy in an email?
Internet Sales 4.0:
Internet Sales 4.0:




Level of Accountability: 8.4


  Great Internet
salespeople want
    to be held
 accountable…
Internet Sales 4.0:




Staff Training: 8.3



Train:
  Daily…
  Weekly…
  Monthly…
Internet Sales 4.0:




Leads Per Person: 8.2



  Right-Size
 the Leads…
Internet Sales 4.0:




Senior Management Buy-In: 8.1




This means
SUPPORT!
Internet Sales 4.0:




 Tracking & Measurement: 7.3




Measure Everything…
  (Great Salespeople like Report Cards)
Internet Sales 4.0:




Speed of Lead Response: 6.1

Speed and Quality
   go together
Internet Sales 4.0:



Quality of Online Merchandising: 5.2




  The CAR is
  the STAR…
Internet Sales 4.0:

It’s always about the CAR...
(or TRUCK or SUV)

Don’t forget your FREE sites…
Internet Sales 4.0:




The Surprises….

 Lead Quality
 Lead Mix
 Social Media
 Search
Internet Sales 4.0:




Social Media
Internet Sales 4.0:



It’s easy…
Internet Sales 4.0:

The Big 3
Internet Sales 4.0:




Putting the Secrets to
Work through Process
Internet Sales 4.0:




Mystery Shopping
                 www.Gmail.com
  Login is dmccoig12@gmail.com
         Password is checkmail12
Internet Sales 4.0:



EXERCISE: Quality Response Process Development
Internet Sales 4.0:




 “Humanize”
  so you can
“Personalize”
Internet Sales 4.0:




Read the Lead…
Bring the Prospect to Life
•    Lead submitted: 12:51 pm
•    Lead Source: Chrysler Dealership Website
•    Customer Name: Michael Steckler
•    Address: 328 Catalpa, Lexington, KY
•    Phone: 859-239-6734
•    Email: Msteckler@perkinsagency.com
•    Vehicle: 2012 Chrysler 200 Stock # 5725
•    Exterior: Summit White Interior: Black cloth
•    Trade: 2005 Chevrolet Malibu 37,654 miles

•    Comments: Can you tell me if you still have this 200 and what my Malibu
     would be worth on trade?
Internet Sales 4.0:




How can we Personalize?

________________________________________
________________________________________
________________________________________
________________________________________
________________________________________
________________________________________
________________________________________
________________________________________
Internet Sales 4.0:




Read the Lead
within first 2 minutes

Personalize message
in next 3 minutes

Call First - then Email
within 5 minutes
Internet Sales 4.0:

What’s your Connection Plan?
Internet Sales 4.0:




More Personal
    means
   More
Connections
PROCESS
                               Internet Sales 4.0:




Performance Relies On
Completing Every Single Step
Internet Sales 4.0:




    100 %
 Quality Tasks

    100 %
Completion Rate



                    37	
        15	
  
Internet Sales 4.0:



Actions You’d Take in First 2 Weeks To CONNECT
 Day 1 Email___Phone___Mail___Text___Video___Who?_____________
 Day 2 Email___Phone___Mail___Text___Video___Who?_____________
 Day 3 Email___Phone___Mail___Text___Video___Who?_____________
 Day 4 Email___Phone___Mail___Text___Video___Who?_____________
 Day 5 Email___Phone___Mail___Text___Video___Who?_____________
 Day 6 Email___Phone___Mail___Text___Video___Who?_____________
 Day 7 Email___Phone___Mail___Text___Video___Who?_____________
 Day 8 Email___Phone___Mail___Text___Video___Who?_____________
 Day 9 Email___Phone___Mail___Text___Video___Who?_____________
 Day 10 Email___Phone___Mail___Text___Video___Who?_____________
 Day 11 Email___Phone___Mail___Text___Video___Who?_____________
 Day 12 Email___Phone___Mail___Text___Video___Who?_____________
 Day 13 Email___Phone___Mail___Text___Video___Who?_____________
 Day 14 Email___Phone___Mail___Text___Video___Who?_____________
Internet Sales 4.0:




Add Up Your Total Tasks Per Person


______________ # of Tasks Identified

x ____________ Average monthly leads

= ____________ Total Tasks monthly
Internet Sales 4.0:




    Ask Yourself…

   Will we REALLY
complete that many tasks?
Internet Sales 4.0:




 Fewer tasks
  completed
Every time
are better than
Internet Sales 4.0:




More tasks completed
  Half the time
Internet Sales 4.0:




  Not sure what your
CONNECTION PROCESS
      should be?
Internet Sales 4.0:




Try This:

  3 Day Personal Push
  Two Week Press
  Nurture Marketing
Internet Sales 4.0:




   3 Day Personal Push                           Two Week Press

 Day 1        Day 2     Day 3        Day 5        Day 8        Day 11           Day 14




Personal     Personal   Manager     Personal     Personal     Personal         Personal
  Call         Call       Call        Call         Call         Call             Call
  x2




 Personal    Personal   Manager   Quick Hello    Survey       New Info      Bridge Building
Email with    Email      Email      Email         Email        Email             Email
  Price



                         Delete the Tasks you don’t see as High Value
Internet Sales 4.0:




                Nurture Marketing
              Until they buy or unsubscribe

Weeks 3 - 6                      Week 7 & forever




 Personal
                            Personal Call 1x mo for 3
   Call
                                    months




 New Info                   Specials
  Email                      Email           eNewsletter
Internet Sales 4.0:




Use These Ideas to
Review Your Own
     Process
Internet Sales 4.0:



Situational Processes You’ll Need Once You Connect

                              –  Contact made –
                                 appointment set

                              –  Contact made –
                                 no appointment

                              –  Appointment –
                                 no show

                              –  Appointment show –
                                 unsold

                              –  Etc
Metrics Review:
                           Internet Sales 4.0:



Monthly Metrics Overview
Internet Sales 4.0:

Monthly Lead Source Performance
Internet Sales 4.0:

Analyze leads through in 3 key areas




                     A key metric is cost per vehicle sold
Internet Sales 4.0:

Month over month comparison
Internet Sales 4.0:

Metrics Internet
Performance Summary
Internet Sales 4.0:




Want a free Metrics Report?
Contact us at info@kainautomotive.com and
we will set you up with our progressive
Metrics report so you can manager your
Internet / BDC Return on Investment
Internet Sales 4.0:




Don’t forget about our 7th Annual
Clients & Friends Workshop

November 14 – 16 in Lexington, KY

visit www.AutomotiveDigitalSuccess2012.eventbrite.com
for all the details
Internet Sales 4.0:




Q&A

                   56	
  
Internet Sales 4.0:

    Free Online Resources
                                     Sign up for our eNewsletter at
      www.kainautomotive.com            www.kainautomotive.com




                                        www.kaintoolkit.ning.com
www.kainautomotiveideaexchange.com




                                                                      57	
  
Internet Sales 4.0:




 Thank You!
               David Kain
             859-533-2626
david@kainautomotive.com

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CP04_20_group_presentation_David_Kain_2011

  • 1. Internet Sales 4.0: Internet Sales 4.0: Secrets of a Successful Automotive Internet Operation
  • 2. Internet Sales 4.0: Credentials David Kain •  Owner of Kain Automotive, Inc., Automotive Sales Training specializing in Internet Sales and Automotive Business Development Centers •  Dealer's Choice Award winner as the #1 Rated Internet Training Company 2008, 2009, 2010 & 2011 in Auto Dealer Monthly •  Co-Founder and COO of FordDirect.com •  18 years automotive retail experience; Dealer partner in Jack Kain Ford –  12 years Dealer Principal •  Served on 2000 Ford National Dealer Council •  BBA in Marketing and Management from Eastern Kentucky University 2  
  • 3. Internet Sales 4.0: KainAutomotive.com Study - GOALS •  Review Digital Marketing •  Review Processes and Tactics •  Identify Traits of Leading Dealerships •  Identify and Rank what Drives Success
  • 4. Internet Sales 4.0: Internet Sales 4.0 Internet Sales 1.0: 1995 to 2000 Internet Sales 2.0: 2001 to 2005 Internet Sales 3.0: 2006 to Present Internet Sales 4.0: Begins Today
  • 5. Internet Sales 4.0: Formula for Success Progressive Leadership + Innovative Marketing + Continuous Process Improvement = Internet Sales Success “Our process is the key to our success. Quick response and quality interaction makes all the difference” Mike Lallier, Dealer Reed Lallier Chevrolet Fayetteville, NC
  • 6. Internet Sales 4.0: Study revealed Countless reasons for success We identified the Top 10 after interviewing over 100 dealers
  • 7. Internet Sales 4.0: Traits of Top Performing Dealers 15-20% closing ratio 14 – 15 sales per person Sales Gross Average ~equal to floor 35% of Sales from Internet appointments
  • 8. Internet Sales 4.0: What Drives Successful Dealers? ,-./01-$2-3456$ ,-./012"34"A7.<"B7=@36=7" +"'$ M<;7976:7"13"."P90Q76"J93:7==" +"%$ 80<</7"8.6.>7F761"5L79=0>;1OG-2HI6" +"#$ A7L7/"34"M::3-61.N0/012" )"*$ ?1.K"C9.0606>" )"($ A7.<="J79"J79=36" )"#$ ?76039"8.6.>7F761"G-2HI6" )"&$ C9.:D06>"E"87.=-97F761" '"($ ?@77<"34"A7.<"B7=@36=7" %"&$ ,-./012"34"56/067"879:;.6<0=06>" !"#$ !" #" $" %" &" '" (" )" *" +" #!"
  • 9. Internet Sales 4.0: Quality of Lead Response: 9.7 “I noticed you wanted the 3rd row seat and would like a value for your 2005 Chevrolet Tahoe” “I can help you with this right away.
  • 11. Internet Sales 4.0: Sell the REPLY Sell the CALL Sell the APPOINTMENT Sell the CAR
  • 12. Internet Sales 4.0: Adherence to a Written Process: 9.6 Plan Your Work & Work Your Plan
  • 13. Internet Sales 4.0: Middle Management Oversight/Buy-In: 9.2 There is no gross in an Internet deal… Why would I give a price to some guy in an email?
  • 15. Internet Sales 4.0: Level of Accountability: 8.4 Great Internet salespeople want to be held accountable…
  • 16. Internet Sales 4.0: Staff Training: 8.3 Train: Daily… Weekly… Monthly…
  • 17. Internet Sales 4.0: Leads Per Person: 8.2 Right-Size the Leads…
  • 18. Internet Sales 4.0: Senior Management Buy-In: 8.1 This means SUPPORT!
  • 19. Internet Sales 4.0: Tracking & Measurement: 7.3 Measure Everything… (Great Salespeople like Report Cards)
  • 20. Internet Sales 4.0: Speed of Lead Response: 6.1 Speed and Quality go together
  • 21. Internet Sales 4.0: Quality of Online Merchandising: 5.2 The CAR is the STAR…
  • 22. Internet Sales 4.0: It’s always about the CAR... (or TRUCK or SUV) Don’t forget your FREE sites…
  • 23. Internet Sales 4.0: The Surprises…. Lead Quality Lead Mix Social Media Search
  • 27. Internet Sales 4.0: Putting the Secrets to Work through Process
  • 28. Internet Sales 4.0: Mystery Shopping www.Gmail.com Login is dmccoig12@gmail.com Password is checkmail12
  • 29. Internet Sales 4.0: EXERCISE: Quality Response Process Development
  • 30. Internet Sales 4.0: “Humanize” so you can “Personalize”
  • 31. Internet Sales 4.0: Read the Lead… Bring the Prospect to Life •  Lead submitted: 12:51 pm •  Lead Source: Chrysler Dealership Website •  Customer Name: Michael Steckler •  Address: 328 Catalpa, Lexington, KY •  Phone: 859-239-6734 •  Email: Msteckler@perkinsagency.com •  Vehicle: 2012 Chrysler 200 Stock # 5725 •  Exterior: Summit White Interior: Black cloth •  Trade: 2005 Chevrolet Malibu 37,654 miles •  Comments: Can you tell me if you still have this 200 and what my Malibu would be worth on trade?
  • 32. Internet Sales 4.0: How can we Personalize? ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
  • 33. Internet Sales 4.0: Read the Lead within first 2 minutes Personalize message in next 3 minutes Call First - then Email within 5 minutes
  • 34. Internet Sales 4.0: What’s your Connection Plan?
  • 35. Internet Sales 4.0: More Personal means More Connections
  • 36. PROCESS Internet Sales 4.0: Performance Relies On Completing Every Single Step
  • 37. Internet Sales 4.0: 100 % Quality Tasks 100 % Completion Rate 37   15  
  • 38. Internet Sales 4.0: Actions You’d Take in First 2 Weeks To CONNECT Day 1 Email___Phone___Mail___Text___Video___Who?_____________ Day 2 Email___Phone___Mail___Text___Video___Who?_____________ Day 3 Email___Phone___Mail___Text___Video___Who?_____________ Day 4 Email___Phone___Mail___Text___Video___Who?_____________ Day 5 Email___Phone___Mail___Text___Video___Who?_____________ Day 6 Email___Phone___Mail___Text___Video___Who?_____________ Day 7 Email___Phone___Mail___Text___Video___Who?_____________ Day 8 Email___Phone___Mail___Text___Video___Who?_____________ Day 9 Email___Phone___Mail___Text___Video___Who?_____________ Day 10 Email___Phone___Mail___Text___Video___Who?_____________ Day 11 Email___Phone___Mail___Text___Video___Who?_____________ Day 12 Email___Phone___Mail___Text___Video___Who?_____________ Day 13 Email___Phone___Mail___Text___Video___Who?_____________ Day 14 Email___Phone___Mail___Text___Video___Who?_____________
  • 39. Internet Sales 4.0: Add Up Your Total Tasks Per Person ______________ # of Tasks Identified x ____________ Average monthly leads = ____________ Total Tasks monthly
  • 40. Internet Sales 4.0: Ask Yourself… Will we REALLY complete that many tasks?
  • 41. Internet Sales 4.0: Fewer tasks completed Every time are better than
  • 42. Internet Sales 4.0: More tasks completed Half the time
  • 43. Internet Sales 4.0: Not sure what your CONNECTION PROCESS should be?
  • 44. Internet Sales 4.0: Try This: 3 Day Personal Push Two Week Press Nurture Marketing
  • 45. Internet Sales 4.0: 3 Day Personal Push Two Week Press Day 1 Day 2 Day 3 Day 5 Day 8 Day 11 Day 14 Personal Personal Manager Personal Personal Personal Personal Call Call Call Call Call Call Call x2 Personal Personal Manager Quick Hello Survey New Info Bridge Building Email with Email Email Email Email Email Email Price Delete the Tasks you don’t see as High Value
  • 46. Internet Sales 4.0: Nurture Marketing Until they buy or unsubscribe Weeks 3 - 6 Week 7 & forever Personal Personal Call 1x mo for 3 Call months New Info Specials Email Email eNewsletter
  • 47. Internet Sales 4.0: Use These Ideas to Review Your Own Process
  • 48. Internet Sales 4.0: Situational Processes You’ll Need Once You Connect –  Contact made – appointment set –  Contact made – no appointment –  Appointment – no show –  Appointment show – unsold –  Etc
  • 49. Metrics Review: Internet Sales 4.0: Monthly Metrics Overview
  • 50. Internet Sales 4.0: Monthly Lead Source Performance
  • 51. Internet Sales 4.0: Analyze leads through in 3 key areas A key metric is cost per vehicle sold
  • 52. Internet Sales 4.0: Month over month comparison
  • 53. Internet Sales 4.0: Metrics Internet Performance Summary
  • 54. Internet Sales 4.0: Want a free Metrics Report? Contact us at info@kainautomotive.com and we will set you up with our progressive Metrics report so you can manager your Internet / BDC Return on Investment
  • 55. Internet Sales 4.0: Don’t forget about our 7th Annual Clients & Friends Workshop November 14 – 16 in Lexington, KY visit www.AutomotiveDigitalSuccess2012.eventbrite.com for all the details
  • 57. Internet Sales 4.0: Free Online Resources Sign up for our eNewsletter at www.kainautomotive.com www.kainautomotive.com www.kaintoolkit.ning.com www.kainautomotiveideaexchange.com 57  
  • 58. Internet Sales 4.0: Thank You! David Kain 859-533-2626 david@kainautomotive.com