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The Blueprint to Building an Internet Dealership
Sean V. Bradley, CSP
Founder and President
Dealer Synergy
seanb@dealersynergy.com
Title Sponsor
About Me
● Over 19 Years in the Automotive Industry
● President & Founder of Dealer Synergy
● Averaged 30+ Units per month
● Delivered 110 Units per month Online in 2002
● 31,000 Automotive Sales Professionals,
Managers, and Owners trained
● 1,200 Rooftops trained
● Best-Selling Author of “Win the Game of
Googleopoly”
About Me
Thesis Statement
The Internet and Phones are
the NEW Showroom!
Dealers Must CHANGE
Change Their Paradigm
Dealers Must CHANGE
Change The Way They Allocate Resources
Human Resources / Staff
Marketing Budget
Dealers Must CHANGE
Change The Way They Recruit / Hire
Dealers Must CHANGE
Change The Way They Train Their Team
Dealers Must CHANGE
Change The Way They Utilize:
Products
Resources
Technology
Vendors
Dealers Must CHANGE
Change The Way They Communicate With Prospects / Clients
Dealers Must CHANGE
Change Their Follow Up Process
Dealers Must CHANGE
Change Their Engagement Process
Current Situation Analysis
of ALL Transactions START on search…
Current Situation Analysis
of Americans go online before they step
foot into a Dealership.
Current Situation Analysis
The Average Internet Prospect visits up to
different websites and/or Dealerships before they
ever go in person.
Current Situation Analysis
The Average “In Market” Buyer ONLY visits
Dealerships.
Current Situation Analysis
Bottom Line…
If you get them to your Dealership, unless something goes
wrong at the Dealership or they are NOT qualified...they are
getting SPOTTED.
The TOP 7 Reasons
“Why People Go Online or Call in as a Phone Up”
P.
R.
A.
C.
T.
I.
C.
E.
- Price
- Research
- Availability
- Convenience
- Trade
- “I Hate Car Salesman”
- Credit
- Everything Else
Current Communication Metrics and Reality
Outbound Phone Calls
connect at an 11-14%
Connection Ratio.
Current Communication Metrics and Reality
have an average 2-4% Read-Open Ratio.
Current Communication Metrics and Reality
96% of
Text Messages
get read.
Current Communication Metrics and Reality
The Majority of Dealerships do NOT utilize powerful forms of
communication consistently or at all:
Video Email / Video Text Messaging
Apple FaceTime / Skype
Social Media Direct Messaging “DMs”
Current Communication Metrics and Reality
Video Enhances ALL Forms of Communication:
Just adding “Video” in an email subject line increases read-open rates by
19%.
Video in an Email (Video Email) increases read-open rates by up to 300%.
Video in Text (Video Text Messaging) gets read up to 99% of the time.
1 Minute of Video is equivalent to 1.8 Million Written Words.
Current Communication Metrics and Reality
Majority of Dealerships do NOT Articulate their
Value Package Proposition
(Why Buy From Us? Message)
Current Dealership / Sales Consultant Profile
The Average Dealership delivers
per Month.
Current Dealership / Sales Consultant Profile
The Average Dealerships’ Average Cost Per Sale in
Advertising is
per Car Sold
Current Dealership / Sales Consultant Profile
The Average Dealership has:
10 Sales Consultants
2 Sales Managers
A General Manager and/or a General Sales Manager
An F&I Manager
Current Dealership / Sales Consultant Profile
The Average Dealership Invests
LESS Than $1,000 per month
in Training.
Less than $100 per Sales Person per Month in Training and less than $10 per Car
Sold per Month.
The Average Dealership has a 70%+ Attrition Ratio on the Showroom Floor.
The Difference Between an Internet Department and a “BDC…”
Internet Sales
Phone Sales
Unsold Showroom Follow-Up
Data Mining
Equity Mining
Lease Retention
Service BDC
Service Conversions
OEM Campaigns
Buy Backs
Cross-Promotional Marketing
CSI
A BDC...
of BDCs are
Broken or Not Profitable
The BEST Way to Build a “BDC” is with a Solid Foundation
Internet Sales
Phone Sales
After those are in rhythm then roll out the next module and
then the next, etc.
Current Challenges in the Average Dealership
There is a disconnect between the
“Internet / BDC” and the “Showroom” Departments.
Most Dealerships are NOT Set Up Correctly.
Dealerships react to leads / opportunity rather than set up a Proactive Strategy.
There is not an appropriate allocation for resources (both money or staff).
Current Challenges in the Average Dealership
Turnover is High
at the Dealership.
Current Challenges in the Average Dealership
CRM is NOT Utilized Correctly
or held Accountable.
CRM data is compromised and not dependable.
Current Challenges in the Average Dealership
Sales Consultants are NOT Productive.
They utilize ONLY 2-3 of the 8 Potential Ways to Sell an Automobile.
They are not able to truly provide the right amount of follow up needed for Internet Prospects.
They also do not utilize all of the different ways to communicate with prospects.
This leads to missed opportunities and “Bought Elsewheres.”
They usually catch the “Low Hanging Fruit.”
Sales Consultants are NOT given the proper training and resources for selling in 2018
We assume they know everything. We expect them to just magically be able to do everything and do it commission based…with no money upfront!
They are NOT versed in CRM.
They do NOT work synergistically with the Internet Sales Department.
Current Challenges in the Average Dealership
Internet Sales Coordinators / BDC Reps
There usually isn’t enough of them.
They usually do not have the right schedule.
They don’t have the right pay plan.
They are doing too many things and spread too
thin. “A Jack of all Trades and a
Master of None.”
There really isn’t a strategy.
Very little to no training.
Not really included into the same resources and information as
the Showroom Sales team.
Second rate citizen...they are not as important as Showroom or
Showroom Sales Consultants
No real time “T.O.s”
Examples of Dealers Being “Upside Down”
Ford Dealership
300 Cars a Month
27 Salespeople Generating 111 units from Phone/Internet Department
189 Remaining Units from the Showroom
27 Salespeople / 189 Units = 7 Units Per Salesperson
8 Ways to Sell a Car - 2 Ways (Phone/Internet) = 6 Ways
Increase 2 Units x 27 Salespeople = 54 Additional Net Units
Point of Diminishing Return on Follow Up for the Showroom
Examples of Dealers Being “Upside Down”
Another Ford Dealership - Much Smaller
100 units per month
9 Sales Consultants, 3 Managers and a GM
1 Internet Director, 3 Part Time BDC Reps
Showroom has less than 200 Ups per month
BDC Does EVERYTHING, has 260 fresh leads, 300 RFF,
hundreds of ROs, hundreds of Be-Backs etc…
BDC is responsible for 49 units
Take away BDC, the Showroom is ONLY averaging 5.7 units a piece!
They are missing 30+ on the Showroom Side and
another 30-40+ on the Internet Side!
The Solution...
....is building an
“Internet Dealership”
A TRUE Hybrid Scenario
S.W.O.T. Your Dealership
S.W.O.T. Your Dealership on the “4 Ps”
S.W.O.T. Your Dealership
Products (Resources)
Website(s), CRM, Call Monitoring, Inventory,
Pricing Tools, Computers, Phones, Video,
Tablets, Software, etc...
S.W.O.T. Your Dealership
People
HR / Recruiting, Job Descriptions, Schedule,
Pay Plan, Motivation, Training,
Accountability, etc...
S.W.O.T. Your Dealership
Process
S.O.P.s - What to Do, When to Do It, How
to Do It, and Why We Are Doing It.
S.W.O.T. Your Dealership
Process
Inbound/Outbound
-Phone Process
-Email Process
-Text Messaging Process
-Video Communication Process
-Apple Facetime / Skype
-Video Email
-Video Text
Inbound/Outbound
-Chat Process
-Social Media DM Process
S.W.O.T. Your Dealership
Process
All Other Processes, etc…
Appointment Process
Appointment Confirmation
Missed Appointment Process
Dead Deal Process
T.O. Process
One on One Process
Follow Up Process
Engagement Process
S.W.O.T. Your Dealership
Promotions (Marketing / Advertising)
Conventional - ?
Digital - ?
Total - ?
Cost?
Receive?
Generate?
NET Profit?
Average Cost Per Sale
Per Car Sold in Advertising?
Per Source?
Per Sales Person?
S.W.O.T. Your Dealership
PRIORITIZE Your “4P” Assessment
Identify / Bullet Point ALL of the things that are NOT set
up, not purchased, broken, missing, etc…
NOW after they are ALL identified and bullet pointed, go
back and out them in PRIORITY order. You must create a
“checklist” but must prioritize it.
Begin With the End in Mind
How many units per month do I want to sell from my Showroom side?
How many units per month do I want to sell from my Internet (email)
opportunities?
How many units per month do I want to sell from my Phone Up opportunities?
How many units per month do I want to sell from my BDC activities?
Reverse-Engineer the Road Map!
How many Fresh “Ups” do I need to drive the
Showroom this month?
How many Ups does my Showroom Sales Team need to contribute / drive to the
Showroom?
How many Showroom Sales Consultants do I need to have to handle these
opportunities the right way?
Reverse-Engineer the Road Map!
How many Internet Purchase Requests do I need to
buy or generate this month?
-How many from the OEM?
-How many from my website?
-How many from 3rd Party Lead Source Providers, Online Classifieds, etc…?
-How many from Digital Marketing?
-How many reps do I need to handle these opportunities correctly?
-Internet Coordinator / BDC Reps
-Internet Sales Consultants / “Point Guards”?
Reverse-Engineer the Road Map!
How many Phone Ups do I need to generate this month?
From the Conventional Sources?
From the Digital Sources?
How many reps do I need to handle the Phone Ups correctly?
Reverse-Engineer the Road Map!
How many BDC opportunities do I need to generate this month?
Data Mining / Equity Mining
Unsold Showroom Traffic
Lease Retention
Special Finance
Cross Promotional Marketing
Fleet
How many reps do you need to manage these leads?
Map It Out
Start with Mapping out
the “NEW” Showroom
Sales Team, utilizing
the “Money Mind
Mapp” Strategy
(Individual)
= 30 Total Units Sold
Map It Out
Start with Mapping out
the “NEW” Showroom
Sales Team, utilizing
the “Money Mind Mapp”
Strategy
(Dealership)
= 300 Total Units Sold
200
200
200
640
800
300
400
100
100
160
160
10
20
20
200
200
100
160
160
10
20
20
10
20
50
80
80
10
10
10
Map It Out
Next - map out the
Internet Sales and Phone Sales Strategy
utilizing the
“Money Mind Mapp.”
There are
7 MAIN THINGS
you need for your plan to work...
The 7 Main Things
1. Vision…
Where are you going? What is the
mission? And FAILURE IS NOT
AN OPTION!
The 7 Main Things
2. Opportunities…
You NEED LEADS! You can NOT
sell something to NO ONE.
The 7 Main Things
3. People…
You need to have the RIGHT people and the RIGHT
AMOUNT of people working these opportunities!
The 7 Main Things
4. A Plan…Process, Structure.
A Standard Operating
Procedure for EVERYTHING.
The 7 Main Things
5. Training...
Your people from the TOP down
need to be fully trained.
The 7 Main Things
6. Accountability / Tracking...
EVERYTHING needs to be tracked. NOT just the things your
dealership has always tracked.
People 4 Ps
Technology Vendors
Activities Managers
EVERYTHING!
The 7 Main Things
7. Evolve, Adapt and
Improvise...FITFO
Implementation
HR / Recruiting
Recruit Different!
www.AutomotiveSalesCareers.com
HR Recruitment Videos
Implementation
Implementation
Implementation
Implementation
HR / Recruiting
Use:
Create a “Pro Pay Plan” Strategy
-Employees Network
-CONVENTIONAL Media!
-Colleges/Universities/Tech Schools
-Internships
-ALL Internet Means...like a Digital
Marketing Strategy
-Your Website
-ALL Social Media
-Email Blasts
-PAID Facebook Ad Manager
-PAID OTHER Social Media
Implementation
CRM (Set Up & Training)
Types:
Walk-In
Phone
Email
Text
Social Media
Chat
Other
Implementation
CRM (Set Up & Training)
Source:
Be Ultra Specific
Limit Options
Status:
Active
Inactive
Sold
Future
N/A
Implementation
CRM (Set Up & Training)
Action Plans
Internet After Hours
Phone Sold
Showroom Dead
Implementation
CRM (Set Up & Training)
Templates / Scripts
Video Email Template Library
Rate sessions & download PPT decks on the Digital Dealer mobile app.
Implementation
CRM
(Set Up & Training)
Implementation
CRM
(Set Up & Training)
Implementation
CRM (Set Up & Training)
Text Template Library
HTML Template Library
Implementation
CRM (Set Up & Training)
Training
CRM Company
CRM Content
CRM Strategy
CRM Customization
Implementation
Communications
Phone & Voicemail
Text Messaging
Email
Video
Implementation
Communications
Apple Facetime/
Skype
Implementation
Communications
CoVideo -
Video Email
Implementation
Communications
CoVideo -
Video Email
Implementation
Communications
Video Text Messaging
Social Media DMs
Implementation
Value Package Proposition (Why Buy)
P.
R.
A.
C.
T.
I.
C.
E.
- Price
- Research
- Availability
- Convenience
- Trade
- “I Hate Car Salesman”
- Credit
- Everything Else
Implementation
Value Package Proposition (Why Buy)
Military/First Responders
First-Time Buyers
Women
Students
Teachers
Service Perks
Daycare Service
Free Food
Community
Involvement
Implementation
Value Package Proposition (Why Buy)
Implementation
Value Package Proposition (Why Buy)
Implementation
Training
Pay Plan
Dealership
Bonus / Spiffs
OEM Spins
Dealership Information
Orientation
Employee Handbook
Mission/Vision Statement
Community Involvement
OEM Incentives, Rebates,
Programs, Specials
Inventory
New
Used
Unique
Communication Resources / Types
Phone
Text
Email
Video
Conference
Text
Chat
Social Media & Chat
Implementation
TrainingTechnology
Computers
Tablets/iPads
Search/Search Engines
Google
YouTube
Apple Siri
Amazon Alexa
Telephones/Headsets
Typing
Spelling
Grammar
Chat
Technology
CRM
Ecosystem
Templates/Scripts
Action Plans/S.O.P.s
Taking Notes
DMS
Dealer Website
Personal Website
Vendor Websites
Data/Equity Mining
OEM Technology
Hand-Raisers
Implementation
TrainingTechnology
Video/Video Production
YouTube
SEO
Microsoft Office
Word
Excel
PowerPoint
Online Reputation
Google Reviews Dealer Rater
Video Testimonials Cars.com
Yelp Edmunds.com
Technology
Social Media
Facebook
YouTube
LinkedIn
Instagram
Twitter
Pinterest
Social Media PAID Ads/
Campaigns
Implementation
Training
Personal Resources
Typing
Public Relations “PR”
(Positive Propaganda)
Networking
Referral Generation
Prospecting
Speaking
Appearance / Hygiene
Implementation
Integration of Showroom & Internet / BDC…
Showroom Sales Consultants into the Internet / BDC
BEFORE they go on the Showroom Floor, they must do a “tour” in the Internet / BDC
“Point Guards”
“Overflow” Showroom Sales / Internet / BDC “Up System”
Internet / BDC Reps onto the Showroom Sales Floor
Promoting Internet / BDC Reps into Internet Sales Consultants / Point Guards or even as a traditional
Showroom Sales Consultant.
Implementation
Explaining of the “Point Guard” Role
What are the responsibilities of a Point Guard?
“Substitute Coordinator”
“T.O. Manager” (Proactive and Reactive)
Appointment Confirmations
“B Team on the Relay Race”
Who should be a Point Guard?
Point Guard Pay Plan & Schedule
Point Guard Accountability
Implementation
Explain the Internet Coordinator Role
120 Outbound Calls Per Day
(11-14% Connection Ratio)
14-16.8 Conversations Per Day
(30-35% Appointment Made Ratio)
5-6 Appointments Per Day
(65-70% Appointment Show Ratio)
45% Selling Ratio
Implementation
31 Calendar Days
22 Employee Working Days
120 Calls per day x 22 = 2,640 Calls for the month
2,640 Calls x 12% = 317 Conversations
317 Conversations x 30% Appointment Made Ratio = 95
appointments
95 Appointments x 65% Appointment Show Ratio = 62
appointment shows
62 Appointment Shows x 45% Appointment Sold Ratio
= 28 Units
28 Units x 5 Reps = 140 Units
1.5 Reps = 600 Calls per Day x 22 Days = 13,200
Calls
28 units x 10 Reps = 280 Units
10 Reps = 1,200 Calls per Day x 22 = 26,400 Calls
EXAMPLE in March
We MUST Change our Paradigm
Perform a S.W.O.T
Assessment ASAP
We
Acknowledge What is
Broken, Not Working,
Not Set Up, etc...
Create a Plan with a Priority
Protocol on What to Fix,
Replace, or Secure...Take it
One Bite at a Time.
Begin with the End
Result in Mind...
Reverse-Engineer
Your Road Map
Form VOLTRON!
Showroom Strategy
Internet Sales Strategy
Phone Sales Strategy
BDC Strategy
Form VOLTRON!
Integrate all
Initiatives into one
“Ecosystem”!
STOP being
“Upside Down”! Allocate
PROPER resources
accordingly!
Create a NEW
and BETTER
HR/Recruiting Strategy
Create a NEW and
BETTER CRM
Strategy
Start to utilize ALL forms of
communication available to you for follow
up and engagement of BOTH prospects
and clients.
Create and master your
dealership’s
VPP
Train, Train, Train, Train, and
KEEP TRAINING!
Utilize a Virtual Training, Tracking, Testing and
Certification Platform and track the trajectory of each and
every one of your employees!
BUILD an
“INTERNET
DEALERSHIP” NOT an
Internet Department!
Questions?
ENJOY THIS SESSION?
Post about it on social media using the hashtag #IS20G!
Share some love for your favorite speakers!
Title Sponsor
Contact Info:
Sean V. Bradley, CSP
Founder and President - Dealer Synergy
267-319-6776
seanb@dealersynergy.com

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IS20G11 - The Blueprint to Building an Internet Dealership - Sean V. Bradley, CSP

  • 1. The Blueprint to Building an Internet Dealership Sean V. Bradley, CSP Founder and President Dealer Synergy seanb@dealersynergy.com Title Sponsor
  • 2. About Me ● Over 19 Years in the Automotive Industry ● President & Founder of Dealer Synergy ● Averaged 30+ Units per month ● Delivered 110 Units per month Online in 2002 ● 31,000 Automotive Sales Professionals, Managers, and Owners trained ● 1,200 Rooftops trained ● Best-Selling Author of “Win the Game of Googleopoly”
  • 4. Thesis Statement The Internet and Phones are the NEW Showroom!
  • 5. Dealers Must CHANGE Change Their Paradigm
  • 6. Dealers Must CHANGE Change The Way They Allocate Resources Human Resources / Staff Marketing Budget
  • 7. Dealers Must CHANGE Change The Way They Recruit / Hire
  • 8. Dealers Must CHANGE Change The Way They Train Their Team
  • 9. Dealers Must CHANGE Change The Way They Utilize: Products Resources Technology Vendors
  • 10. Dealers Must CHANGE Change The Way They Communicate With Prospects / Clients
  • 11. Dealers Must CHANGE Change Their Follow Up Process
  • 12. Dealers Must CHANGE Change Their Engagement Process
  • 13. Current Situation Analysis of ALL Transactions START on search…
  • 14. Current Situation Analysis of Americans go online before they step foot into a Dealership.
  • 15. Current Situation Analysis The Average Internet Prospect visits up to different websites and/or Dealerships before they ever go in person.
  • 16. Current Situation Analysis The Average “In Market” Buyer ONLY visits Dealerships.
  • 17. Current Situation Analysis Bottom Line… If you get them to your Dealership, unless something goes wrong at the Dealership or they are NOT qualified...they are getting SPOTTED.
  • 18. The TOP 7 Reasons “Why People Go Online or Call in as a Phone Up” P. R. A. C. T. I. C. E. - Price - Research - Availability - Convenience - Trade - “I Hate Car Salesman” - Credit - Everything Else
  • 19. Current Communication Metrics and Reality Outbound Phone Calls connect at an 11-14% Connection Ratio.
  • 20. Current Communication Metrics and Reality have an average 2-4% Read-Open Ratio.
  • 21. Current Communication Metrics and Reality 96% of Text Messages get read.
  • 22. Current Communication Metrics and Reality The Majority of Dealerships do NOT utilize powerful forms of communication consistently or at all: Video Email / Video Text Messaging Apple FaceTime / Skype Social Media Direct Messaging “DMs”
  • 23. Current Communication Metrics and Reality Video Enhances ALL Forms of Communication: Just adding “Video” in an email subject line increases read-open rates by 19%. Video in an Email (Video Email) increases read-open rates by up to 300%. Video in Text (Video Text Messaging) gets read up to 99% of the time. 1 Minute of Video is equivalent to 1.8 Million Written Words.
  • 24. Current Communication Metrics and Reality Majority of Dealerships do NOT Articulate their Value Package Proposition (Why Buy From Us? Message)
  • 25. Current Dealership / Sales Consultant Profile The Average Dealership delivers per Month.
  • 26. Current Dealership / Sales Consultant Profile The Average Dealerships’ Average Cost Per Sale in Advertising is per Car Sold
  • 27. Current Dealership / Sales Consultant Profile The Average Dealership has: 10 Sales Consultants 2 Sales Managers A General Manager and/or a General Sales Manager An F&I Manager
  • 28. Current Dealership / Sales Consultant Profile The Average Dealership Invests LESS Than $1,000 per month in Training. Less than $100 per Sales Person per Month in Training and less than $10 per Car Sold per Month. The Average Dealership has a 70%+ Attrition Ratio on the Showroom Floor.
  • 29. The Difference Between an Internet Department and a “BDC…” Internet Sales Phone Sales Unsold Showroom Follow-Up Data Mining Equity Mining Lease Retention Service BDC Service Conversions OEM Campaigns Buy Backs Cross-Promotional Marketing CSI A BDC...
  • 30. of BDCs are Broken or Not Profitable
  • 31. The BEST Way to Build a “BDC” is with a Solid Foundation Internet Sales Phone Sales After those are in rhythm then roll out the next module and then the next, etc.
  • 32. Current Challenges in the Average Dealership There is a disconnect between the “Internet / BDC” and the “Showroom” Departments. Most Dealerships are NOT Set Up Correctly. Dealerships react to leads / opportunity rather than set up a Proactive Strategy. There is not an appropriate allocation for resources (both money or staff).
  • 33. Current Challenges in the Average Dealership Turnover is High at the Dealership.
  • 34. Current Challenges in the Average Dealership CRM is NOT Utilized Correctly or held Accountable. CRM data is compromised and not dependable.
  • 35. Current Challenges in the Average Dealership Sales Consultants are NOT Productive. They utilize ONLY 2-3 of the 8 Potential Ways to Sell an Automobile. They are not able to truly provide the right amount of follow up needed for Internet Prospects. They also do not utilize all of the different ways to communicate with prospects. This leads to missed opportunities and “Bought Elsewheres.” They usually catch the “Low Hanging Fruit.” Sales Consultants are NOT given the proper training and resources for selling in 2018 We assume they know everything. We expect them to just magically be able to do everything and do it commission based…with no money upfront! They are NOT versed in CRM. They do NOT work synergistically with the Internet Sales Department.
  • 36. Current Challenges in the Average Dealership Internet Sales Coordinators / BDC Reps There usually isn’t enough of them. They usually do not have the right schedule. They don’t have the right pay plan. They are doing too many things and spread too thin. “A Jack of all Trades and a Master of None.” There really isn’t a strategy. Very little to no training. Not really included into the same resources and information as the Showroom Sales team. Second rate citizen...they are not as important as Showroom or Showroom Sales Consultants No real time “T.O.s”
  • 37. Examples of Dealers Being “Upside Down” Ford Dealership 300 Cars a Month 27 Salespeople Generating 111 units from Phone/Internet Department 189 Remaining Units from the Showroom 27 Salespeople / 189 Units = 7 Units Per Salesperson 8 Ways to Sell a Car - 2 Ways (Phone/Internet) = 6 Ways Increase 2 Units x 27 Salespeople = 54 Additional Net Units Point of Diminishing Return on Follow Up for the Showroom
  • 38. Examples of Dealers Being “Upside Down” Another Ford Dealership - Much Smaller 100 units per month 9 Sales Consultants, 3 Managers and a GM 1 Internet Director, 3 Part Time BDC Reps Showroom has less than 200 Ups per month BDC Does EVERYTHING, has 260 fresh leads, 300 RFF, hundreds of ROs, hundreds of Be-Backs etc… BDC is responsible for 49 units Take away BDC, the Showroom is ONLY averaging 5.7 units a piece! They are missing 30+ on the Showroom Side and another 30-40+ on the Internet Side!
  • 39. The Solution... ....is building an “Internet Dealership” A TRUE Hybrid Scenario
  • 40. S.W.O.T. Your Dealership S.W.O.T. Your Dealership on the “4 Ps”
  • 41. S.W.O.T. Your Dealership Products (Resources) Website(s), CRM, Call Monitoring, Inventory, Pricing Tools, Computers, Phones, Video, Tablets, Software, etc...
  • 42. S.W.O.T. Your Dealership People HR / Recruiting, Job Descriptions, Schedule, Pay Plan, Motivation, Training, Accountability, etc...
  • 43. S.W.O.T. Your Dealership Process S.O.P.s - What to Do, When to Do It, How to Do It, and Why We Are Doing It.
  • 44. S.W.O.T. Your Dealership Process Inbound/Outbound -Phone Process -Email Process -Text Messaging Process -Video Communication Process -Apple Facetime / Skype -Video Email -Video Text Inbound/Outbound -Chat Process -Social Media DM Process
  • 45. S.W.O.T. Your Dealership Process All Other Processes, etc… Appointment Process Appointment Confirmation Missed Appointment Process Dead Deal Process T.O. Process One on One Process Follow Up Process Engagement Process
  • 46. S.W.O.T. Your Dealership Promotions (Marketing / Advertising) Conventional - ? Digital - ? Total - ? Cost? Receive? Generate? NET Profit? Average Cost Per Sale Per Car Sold in Advertising? Per Source? Per Sales Person?
  • 47. S.W.O.T. Your Dealership PRIORITIZE Your “4P” Assessment Identify / Bullet Point ALL of the things that are NOT set up, not purchased, broken, missing, etc… NOW after they are ALL identified and bullet pointed, go back and out them in PRIORITY order. You must create a “checklist” but must prioritize it.
  • 48. Begin With the End in Mind How many units per month do I want to sell from my Showroom side? How many units per month do I want to sell from my Internet (email) opportunities? How many units per month do I want to sell from my Phone Up opportunities? How many units per month do I want to sell from my BDC activities?
  • 49. Reverse-Engineer the Road Map! How many Fresh “Ups” do I need to drive the Showroom this month? How many Ups does my Showroom Sales Team need to contribute / drive to the Showroom? How many Showroom Sales Consultants do I need to have to handle these opportunities the right way?
  • 50. Reverse-Engineer the Road Map! How many Internet Purchase Requests do I need to buy or generate this month? -How many from the OEM? -How many from my website? -How many from 3rd Party Lead Source Providers, Online Classifieds, etc…? -How many from Digital Marketing? -How many reps do I need to handle these opportunities correctly? -Internet Coordinator / BDC Reps -Internet Sales Consultants / “Point Guards”?
  • 51. Reverse-Engineer the Road Map! How many Phone Ups do I need to generate this month? From the Conventional Sources? From the Digital Sources? How many reps do I need to handle the Phone Ups correctly?
  • 52. Reverse-Engineer the Road Map! How many BDC opportunities do I need to generate this month? Data Mining / Equity Mining Unsold Showroom Traffic Lease Retention Special Finance Cross Promotional Marketing Fleet How many reps do you need to manage these leads?
  • 53. Map It Out Start with Mapping out the “NEW” Showroom Sales Team, utilizing the “Money Mind Mapp” Strategy (Individual) = 30 Total Units Sold
  • 54. Map It Out Start with Mapping out the “NEW” Showroom Sales Team, utilizing the “Money Mind Mapp” Strategy (Dealership) = 300 Total Units Sold 200 200 200 640 800 300 400 100 100 160 160 10 20 20 200 200 100 160 160 10 20 20 10 20 50 80 80 10 10 10
  • 55. Map It Out Next - map out the Internet Sales and Phone Sales Strategy utilizing the “Money Mind Mapp.”
  • 56. There are 7 MAIN THINGS you need for your plan to work...
  • 57. The 7 Main Things 1. Vision… Where are you going? What is the mission? And FAILURE IS NOT AN OPTION!
  • 58. The 7 Main Things 2. Opportunities… You NEED LEADS! You can NOT sell something to NO ONE.
  • 59. The 7 Main Things 3. People… You need to have the RIGHT people and the RIGHT AMOUNT of people working these opportunities!
  • 60. The 7 Main Things 4. A Plan…Process, Structure. A Standard Operating Procedure for EVERYTHING.
  • 61. The 7 Main Things 5. Training... Your people from the TOP down need to be fully trained.
  • 62. The 7 Main Things 6. Accountability / Tracking... EVERYTHING needs to be tracked. NOT just the things your dealership has always tracked. People 4 Ps Technology Vendors Activities Managers EVERYTHING!
  • 63. The 7 Main Things 7. Evolve, Adapt and Improvise...FITFO
  • 64. Implementation HR / Recruiting Recruit Different! www.AutomotiveSalesCareers.com HR Recruitment Videos
  • 68. Implementation HR / Recruiting Use: Create a “Pro Pay Plan” Strategy -Employees Network -CONVENTIONAL Media! -Colleges/Universities/Tech Schools -Internships -ALL Internet Means...like a Digital Marketing Strategy -Your Website -ALL Social Media -Email Blasts -PAID Facebook Ad Manager -PAID OTHER Social Media
  • 69. Implementation CRM (Set Up & Training) Types: Walk-In Phone Email Text Social Media Chat Other
  • 70. Implementation CRM (Set Up & Training) Source: Be Ultra Specific Limit Options Status: Active Inactive Sold Future N/A
  • 71. Implementation CRM (Set Up & Training) Action Plans Internet After Hours Phone Sold Showroom Dead
  • 72. Implementation CRM (Set Up & Training) Templates / Scripts Video Email Template Library
  • 73. Rate sessions & download PPT decks on the Digital Dealer mobile app. Implementation CRM (Set Up & Training)
  • 75. Implementation CRM (Set Up & Training) Text Template Library HTML Template Library
  • 76. Implementation CRM (Set Up & Training) Training CRM Company CRM Content CRM Strategy CRM Customization
  • 82. Implementation Value Package Proposition (Why Buy) P. R. A. C. T. I. C. E. - Price - Research - Availability - Convenience - Trade - “I Hate Car Salesman” - Credit - Everything Else
  • 83. Implementation Value Package Proposition (Why Buy) Military/First Responders First-Time Buyers Women Students Teachers Service Perks Daycare Service Free Food Community Involvement
  • 86. Implementation Training Pay Plan Dealership Bonus / Spiffs OEM Spins Dealership Information Orientation Employee Handbook Mission/Vision Statement Community Involvement OEM Incentives, Rebates, Programs, Specials Inventory New Used Unique Communication Resources / Types Phone Text Email Video Conference Text Chat Social Media & Chat
  • 87. Implementation TrainingTechnology Computers Tablets/iPads Search/Search Engines Google YouTube Apple Siri Amazon Alexa Telephones/Headsets Typing Spelling Grammar Chat Technology CRM Ecosystem Templates/Scripts Action Plans/S.O.P.s Taking Notes DMS Dealer Website Personal Website Vendor Websites Data/Equity Mining OEM Technology Hand-Raisers
  • 88. Implementation TrainingTechnology Video/Video Production YouTube SEO Microsoft Office Word Excel PowerPoint Online Reputation Google Reviews Dealer Rater Video Testimonials Cars.com Yelp Edmunds.com Technology Social Media Facebook YouTube LinkedIn Instagram Twitter Pinterest Social Media PAID Ads/ Campaigns
  • 89. Implementation Training Personal Resources Typing Public Relations “PR” (Positive Propaganda) Networking Referral Generation Prospecting Speaking Appearance / Hygiene
  • 90. Implementation Integration of Showroom & Internet / BDC… Showroom Sales Consultants into the Internet / BDC BEFORE they go on the Showroom Floor, they must do a “tour” in the Internet / BDC “Point Guards” “Overflow” Showroom Sales / Internet / BDC “Up System” Internet / BDC Reps onto the Showroom Sales Floor Promoting Internet / BDC Reps into Internet Sales Consultants / Point Guards or even as a traditional Showroom Sales Consultant.
  • 91. Implementation Explaining of the “Point Guard” Role What are the responsibilities of a Point Guard? “Substitute Coordinator” “T.O. Manager” (Proactive and Reactive) Appointment Confirmations “B Team on the Relay Race” Who should be a Point Guard? Point Guard Pay Plan & Schedule Point Guard Accountability
  • 92. Implementation Explain the Internet Coordinator Role 120 Outbound Calls Per Day (11-14% Connection Ratio) 14-16.8 Conversations Per Day (30-35% Appointment Made Ratio) 5-6 Appointments Per Day (65-70% Appointment Show Ratio) 45% Selling Ratio
  • 93. Implementation 31 Calendar Days 22 Employee Working Days 120 Calls per day x 22 = 2,640 Calls for the month 2,640 Calls x 12% = 317 Conversations 317 Conversations x 30% Appointment Made Ratio = 95 appointments 95 Appointments x 65% Appointment Show Ratio = 62 appointment shows 62 Appointment Shows x 45% Appointment Sold Ratio = 28 Units 28 Units x 5 Reps = 140 Units 1.5 Reps = 600 Calls per Day x 22 Days = 13,200 Calls 28 units x 10 Reps = 280 Units 10 Reps = 1,200 Calls per Day x 22 = 26,400 Calls EXAMPLE in March
  • 94.
  • 95. We MUST Change our Paradigm
  • 97. We Acknowledge What is Broken, Not Working, Not Set Up, etc...
  • 98. Create a Plan with a Priority Protocol on What to Fix, Replace, or Secure...Take it One Bite at a Time.
  • 99. Begin with the End Result in Mind...
  • 101. Form VOLTRON! Showroom Strategy Internet Sales Strategy Phone Sales Strategy BDC Strategy
  • 103. Integrate all Initiatives into one “Ecosystem”!
  • 104. STOP being “Upside Down”! Allocate PROPER resources accordingly!
  • 105. Create a NEW and BETTER HR/Recruiting Strategy
  • 106. Create a NEW and BETTER CRM Strategy
  • 107. Start to utilize ALL forms of communication available to you for follow up and engagement of BOTH prospects and clients.
  • 108. Create and master your dealership’s VPP
  • 109. Train, Train, Train, Train, and KEEP TRAINING! Utilize a Virtual Training, Tracking, Testing and Certification Platform and track the trajectory of each and every one of your employees!
  • 110. BUILD an “INTERNET DEALERSHIP” NOT an Internet Department!
  • 112. ENJOY THIS SESSION? Post about it on social media using the hashtag #IS20G! Share some love for your favorite speakers! Title Sponsor Contact Info: Sean V. Bradley, CSP Founder and President - Dealer Synergy 267-319-6776 seanb@dealersynergy.com