How to Make a Value Proposition to Die For

by Tim James

The first thing most people do when meeting someone new is to introduce themselves. This first meeting can quite easily dictate the future outcome of the relationship. If you come off as insincere or indifferent, the other party will probably not engage you again. However, greet someone with genuine interest and sincerity and you just might make a friend for life.

The same exact principal applies when introducing yourself to a customer that submits a lead or visits your website — except for one small thing – you can’t see them.

Most dealers nowadays have some sort of value proposition content that they put in front of customers. It typically appears in the form of an e-mail template or written content on the website (your “About Us” page, for example). While this is better than nothing, it is certainly not the most effective way to meet someone. Human beings are driven by their emotions. Heck, oftentimes the simple act of buying a vehicle can be emotional. A value proposition done with video has a distinct advantage over any written message – the customer can see you. Humans communicate in more ways than just speech. We use our eyes and ears and monitor everything from body language to facial expressions. These subtle cues can sway whether we believe someone is sincere, sarcastic, lying or joking. Written content cannot as effectively project any of these on to a customer. And, since you cannot see or even know who you will be meeting with these online leads — you should strive to create the best value proposition video possible.

What is a value proposition video, really? There’s a very simple answer to that question. A value proposition video is your dealership’s opportunity to convince a customer to choose to do business with you. I’m sure you’ve heard the phrase that in any interaction someone is being sold. This is no different. You are trying to convince (sell) the customer of the fact that you are a good choice for them. If, when creating a value proposition video, you approach it as if you were tailoring the perfect elevator pitch, you’ll have a better idea of what you should say.

Here are a few tips about what a value proposition should and should not include, along with some techniques on how to interject a little personalization into these videos.

Make it short. – No customer is going to watch a 5-minute video about how great your dealership is. Plain and simple: If you can’t describe what you do, the problem you can solve for the customer, why you are different and why they should care, in 60 seconds, you should re-evaluate your value proposition.

Stop making it about you! – Most value propositions inevitably include statements such as “We’re the best!”; “We have the lowest price.”; “We’ve been in business for 187 years,” etc. Stop that. The customer is NOT meeting you, they are in the process of deciding whether they WANT to meet you. Do you see the difference? The more you can avoid using the pronouns “We” and “Us” and “Our” the better.

While most value proposition videos try to talk to EVERYONE, make yours more personable as if you were talking to an individual. Use pronouns such as “I” and (even better) “you.” The only person that matters at that specific moment in time is that one single customer. Craft your value proposition as if you were making it for that one person. And then proceed to make your video about them. If the video is going to be displayed on your website, your dealer principal or general manager should deliver the message. If the video is designed to be sent to a customer that submitted a lead online, the message should be delivered by the person sending the e-mail. This transforms the video from a generic, impersonal piece of content to one which will have greater meaning to the person watching.

I’m not saying that you have to make an individual video for each internet lead (although that would be a very powerful tool in your sales process), rather you should have one created for each dealership employee – whether that’s a manager, salesperson, internet manager or BDC rep – that responds to and interacts with customers who submit leads. Remember, this video is NOT a “Why Buy from Me,” that’s another topic. This is a “Why Buy from Us.”

An example of a “Why Buy from Us” word track delivered in a personal way is as follows:

“I can assure you that you’ll have a great buying experience here. You’ll find a great selection of vehicles and knowledgeable sales consultants who can assist you in finding the vehicle that best fits your family’s needs and budget. Just as my other customers have, you’ll want to keep coming back after you buy your vehicle here.”

That’s one great way to deliver a dealership value proposition in a way the customer feels as if you are talking to them, and that it is not all about the dealership.

Quality counts – If you are going to make a single video to be repurposed, ensure that the video is filmed, edited and presented in a high-quality and professional manner. Simply filming a selfie while standing against a wall is like showing up to a job interview dressed in shorts and flip flops. First impressions matter — and you only get one chance to make one. So, make this one count. These may very well be the most important videos you make. Deliver them in a proper, professional way, and you’ll find that customers watch them and that they make the impact you’re searching for.

In the end, a value proposition video is not a commercial. It’s your first opportunity to convince a prospective customer why they should choose your dealership over your competition. Pulling this off successfully will start to build a relationship and trust in you and your dealership. And, once you have those, the odds of you winning the business increase exponentially.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s