technology

Bridge the Gap Between Online and On-the-Lot Sales with Video

By Tim James

Change happens at an ever-escalating pace. Think about how you are currently reading this blog; on your computer or a smartphone that you purchased just a couple of years ago, that is likely already three models outdated. It can be hard to stay on top of these updates and changes and to know when the best time is to catch up.

The same goes for technology and consumer behavior in the auto business. Car shopper behavior has changed in the last decade. When the world of dealer inventory became visible to every person on the planet via online listings, things fundamentally changed. As new “layers” are added, consumers and dealers are naturally attracted to the next shiny object. The things that make life… easier. We’ve moved on from a sales process that was essentially 100% in person at the dealership to a process where the car is delivered to their home. However, when it comes to purchasing a car, most people still prefer to see, touch, and feel a vehicle BEFORE buying it.

Technology is great if used properly, to help (note the word “help”) sell a car. However, ultimately, the customer still needs to develop an emotional connection to your dealership and a certain vehicle. With a zillion Honda Civics for sale, how is YOURS going to make enough of an impression that the potential buyer becomes attached? Add to that the number of dealerships (franchise and independent) and the question becomes ‘how you can make YOURS the one they want to do business with?’ If you can succeed in making both of those connections successfully, you have probably earned yourself at least one sale if not repeat sales, service revenue, referrals, etc.

So exactly how do you connect with an anonymous car buyer looking at your website –when you don’t even know exactly who they are? Through video.

Look, it’s not rocket science. I would say that we are straying too far away from the “basics” and forgetting why we have “steps to the sale” in the first place. Because they work! While a lot of steps to the sale are now online, the ones that absolutely cannot be replaced are developing a relationship (meet/greet, build rapport, etc.) and getting a customer HOT on a car (showing them a vehicle that fits their needs and wants. Doing a walkaround. Getting their butt in the seat and doing a test drive.) THOSE are the things that some dealers are missing in their online presence. Through video, you can do all of the aforementioned things and still maintain the rest of the steps to the sale by using other digital tools. Utilize video/360s to replicate the ability to view a vehicle parked on your lot. Provide new model test drive videos so shoppers can get that exciting feeling of driving a new car they are interested in. Utilize video email and texting in your lead follow-ups so you get that face-to-face connection when answering their questions. The list goes on and on, but the answer to bridging the gap between online sales and on-the-lot sales is video.

Think of it like this: What if you see a customer on your lot and nobody steps out to help them? Say they browse around, look at some cars then leave? Or you see a customer and go and say “hi,” but never land them on a vehicle or get them to do a test drive? We all know the importance of the “on the lot” sales process. How important it is to “sell the dealership”, “sell yourself”, and then “sell the car”. We all know the emotional attachment that takes place during the test drive. We also all know that consumer buying habits have changed as technology has made it easier for them to shop and experience products via the internet in much the same ways as they previously did in person. The science of emotional attachment didn’t change because of technology, it simply moved from requiring “in-person experience” to “online experience”.

The tools are there for you to satisfy the consumer’s quest for information while simultaneously duplicating that emotional connection to the vehicle, salesperson, and your dealership —video!!. No matter how many people want to shop online, you will always need to use tools to make those connections and the best, easiest, most affordable way to accomplish that is through video.

Social Listening with Video

by Tim James

It is a well-known fact that video marketing is the most desired and powerful way to engage customers. There are many ways to use video to engage customers including explainer videos, video walkarounds of vehicles, live interactions, and more. Most of these are either customer-initiated engagements via a submitted form or an inquiry to dealers. A good best practice is to send all leads video introductions. But… what happens if they don’t respond to your video introduction? If you aren’t working with a technology provider that allows you to have real-time alerts when someone views your delivered videos, then you won’t know if or when the consumer opened it, and you won’t know when the best time to follow up with each individual is.

A friend of mine had an interesting experience recently that truly shows the power of video. They had purchased a Buick from a dealer that was one hundred miles away. The salesperson delivered the car to his house, it was after dark when it arrived and the salesperson did a poor job of explaining the features. Six months go by and the weather starts to get colder. The friend decided to tweet that he had just discovered (by accident) that the Buick had a heated steering wheel and he was excited! A local dealership replied to his tweet with a message along the lines of, “Isn’t that cool! Here is a video walkaround explaining all of the features you may not know your Buick has.” Even though he didn’t buy the car from them, eventually it will need to be serviced. Out of all of the competing dealerships that he COULD take his vehicle to for service, which one do you think will be top-of-mind? Now fast forward a few years when it is time to purchase another Buick. Who do you think my friend “likes” and “trusts” more, the Buick dealership 100 miles away, or the local dealership that went out of its way to assist him, even though he didn’t purchase from them?

According to this article, 96 percent of consumers have watched explainer videos with 7 out of 10 stating that the explainer video convinced them to buy that product or service.

How do you think this one dealership, out of the many in the United States, found this local person asking a question (or discovering a new feature in this case) and knew he was someone with whom they should interact? Everyone can access social platforms regardless of geography. All platforms use hashtags (in this case #Buick) to read and listen to conversations about those topics. Some can also filter hashtag conversations geographically. In this specific example, going above and beyond and simply replying to my friend’s posting with a video earned this dealership brownie points, and awareness and started a conversation that can lead to brand loyalty.

Imagine using the same hashtag and discovering a post on social media about a horrible experience a customer had at your competition? You could then respond with a personalized video to them, sympathizing with them about the experience and inviting them to your dealership, informing them that they will not have a repeat of that experience with you – that you will take care of them.

Video introductions result in increased response rates and additional engagement, and you start building a relationship between the salesperson and the customer that a text-only email cannot accomplish.

Being “aggressive” isn’t bad if you do it right – with the intent to “help” and not “sell.” The conversation should start around questions asked and include solutions to their problems. Not “buy from me,” but rather explainer videos that you’ve already made that can then be personalized for that person. Listening, caring, and helping are great. Combine that with video and you’ll hit a grand slam.

Posting videos on social media is a great way to have fun and get attention. But posting videos with a purpose will make you money.

Home is Where the Money Is

By Tim James

As we head into 2022, a dramatic shift has occurred in online consumer shopping behavior, according to an article in Forbes. While online shopping was growing, COVID hit, forcing an increasing number of consumers to do their shopping online. Shoppers started buying more than books, but necessities such as groceries, household goods (remember the toilet paper shortage), pet supplies, and more.

Due to the pandemic, for most everything a consumer needed, they looked online – and businesses had to adapt. Even big-time movie production companies changed strategies to online content. As consumers were so worried about being around others and as restrictions were in place, Warner Bros. teamed up with HBO to deliver first-run movies on HBOMaxx the same day as the official theatre release.

Another example is real estate. The most expensive purchase most consumers make in their lifetime. Due to Covid, people didn’t feel comfortable visiting multiple properties in person — so what happened? Real Estate Agents adopted video walkthroughs, drone footage, and more!

Let’s now talk about the second most expensive purchase that consumers make in their lives — vehicles. Videos are extremely valuable in the car-buying process. What do industry disrupters that operate completely online do? They use video to make the emotional attachment that is missing when a consumer can’t visit their lot! Through an aggregate of data on our platform, we’ve seen a huge spike in video usage by dealerships as well as a marked increase in consumer consumption. It’s convenient. It can be done remotely. It inspires significantly more emotion than photos alone, and consumers don’t have to visit multiple dealerships to buy a vehicle.

To create a great video experience that builds emotion in your shoppers it is important to include personalized videos to the customer as part of your video strategy. These can include “Why Buy from Us”, “Why Buy from Me”, or service-related videos. Selling yourself and your dealership along with your vehicle in your video presentations can build a solid trust relationship just as it does when the consumer is on your lot. People buy from people they like and a majority of all online auto shoppers are looking for a salesperson and a dealership they can trust – just as much as a vehicle to purchase. Use your vehicle video presentations as an opportunity to build that personal relationship as well.

Next, focus on the data. Having the data necessary to continue interaction with a customer is imperative. The data you get from your online videos can continue engagement while informing your dealership that a customer is interested. Think about when an email is sent by a salesperson or BDC agent. Most are never responded to and in many dealerships, it is almost impossible to know if the customer has read those emails or not. If your dealership is using video in an attempt to engage customers and hosting them on sites that don’t provide individual viewer data, such as YouTube, the same result occurs. You’re shooting in the dark and don’t know if you’re hitting the target.

Consumers are getting more comfortable shopping from home, online. Escrow services are even paying notaries to travel to a customer’s house to get the paperwork signed to finalize the sale. Many dealerships are also offering this type of service. There are several ways to “complete” a sale nowadays, especially with the new digital retailing technologies now available.

That being said, no house can be sold, no car can be sold, nor any other high-ticket item, without the consumer being confident in their choice. They also need an emotional attachment to their planned purchase. Even comparatively low-priced items on Amazon have video descriptions and/or reviews and information about the product.

In 2022, resolve to incorporate more video into your marketing strategy and ensure you are hosting on a platform that provides actionable data from those videos. Then you can create a game plan not just for the dealership, but for each prospective buyer.

To your success in 2022 and beyond!

The Future of Video Marketing

By Tim James

The majority of consumers prefer video content which is why social media and streaming services thrive (and prefer) this form of media.

I remember when it was revolutionary for an inventory syndication company to take still photos and convert them into stitched photos videos

Then we evolved to video walkarounds where an actual video of the vehicle is used (rather than still pictures put together) which increases engagement because the consumer can see the vehicle almost as if they are on the lot This also enables the dealership to produce their own custom voice-overs whereby a salesperson describes the features and benefits just as they would if they were doing it in real-life.

And then we moved on to taking personalized videos of vehicles for a specific customer, answering their questions then emailing the video to them. Take it up a notch and we are now able to use individual shopper data to change the viewing experience for each individual shopper based on their viewing habits and report each viewing experience back to your CRM in real-time.

Then we graduated to real-time Livestream video to communicate with customers on mobile devices, whether that be for purchasing questions or simply to let the customer guide the salesperson while doing a virtual walkaround (or virtual test-drive) to show them what they want to see. Imagine a salesperson being able to communicate with a customer just as if the salesperson were standing in the room with them!.

Now we get into the Star Trek zone…

The Cirque de Soleil show, Michael Jackson One, in Las Vegas, has an awe-inspiring feature — Michael Jackson himself appears as a hologram. And the recent Digital Dealer Conference featured an ENTIRE CONCERT with a hologram of Whitney Houston. Let me tell you, it looks like these departed celebrities are really there. They’re dancing next to real-life dancers and singing their songs. It is certainly very engaging.

The point is that video – as well as technology in general – continues to evolve. The technology to bring people in various locations together so they can engage with each other in meaningful ways will only continue to progress. What is the thread that drives all of this? It’s video. And that is how important it is for engaging others.

What’s the next step? Perhaps we’ll be able to just transport a salesperson and a vehicle into the customer’s living room (with their permission, of course.) Now, beam me up, Scotty!

Interactive Video: The Power of Story

by Tim James

Video has taken over as the preferred form of content for consumers. According to an infographic on The Drum, in 2017 only 63% of businesses used videos in their marketing. Fast forward to 2021 and that statistic has exploded to 86%. In addition, 85% of consumers stated that they would like to see even more video content from businesses. But forget about these statistics for a moment and just think about yourself and your habits. Would you prefer to read a bunch of words about a product you are researching, or watch an informative video on it?

In my past blogs I have shared various ways you can use video to engage your customers — but here is another idea:

Most dealerships hold new car-owner clinics designed to welcome shoppers who just purchased a new car to the dealership’s family, introduce them to service, and answer any questions they may have after owning their vehicle. These clinics handle a variety of things from how to set the seat memory function, to how to pair their iPhone with the vehicle’s entertainment system. The clinics are designed to invest the customer in your dealership while encouraging them to continue to do business with you as well as refer their friends and family.

If run well, the clinics show the customer that you care and that they are important to your dealership. This sort of service builds tremendous trust with your dealership’s new customers. The problem is, especially now with Covid, many new car owners don’t show up. Whether that’s because of a scheduling issue, or a feeling that it is not important, varies from customer to customer. What if you could offer a similar experience to your customers through video? It’s quite simple!

Think of an interactive video similar to a choose-your-own adventure-type experience. Do you remember those books? You read a page and then, at the end of the page, decide what you want to do next. How about creating a similar experience for your customers, but with video? As vehicles become increasingly more sophisticated and technology-infused, these questions will become more frequent, and your customers will go online to find the answers to their questions rather than come to you. Why don’t YOU become their go-to resource?

Start with what you want them to see and learn, along with the people you want them to meet, and make videos of those things. Typically, at these events, salespeople answer the customer’s vehicle-specific questions such as how the memory seats work, or how rain-sending wipers are set up.

Then, you need to put these videos where your customers will see them. The best way to get these videos seen is to use video email/text to follow up with your new customers. First, create a video introducing how your process works. Put this video on a landing page that includes videos covering the car-specific topics that you think the customer should see, whether it is features of their vehicle’s infotainment system or unique settings on their seat adjustments. This allows customers to guide themselves through your educational process at their own pace, using the power of video to retain more information and come back to watch whenever they need to.

Finally, offer each consumer the opportunity to Live Stream with you on the fly. I know that we all have become familiar with many live streaming services like ZOOM or Facetime. The problem is that not all live streaming services work on all devices (Apple, Android, Desktop, Mobile, etc.) and scheduling set times to live stream often leads to consumers ditching because something came up at that time. Utilize the new “one-click” live streaming technology that places a “Video Call” button on your landing pages (or any designated page) that the consumer can engage anytime at their convenience. This button will call into your dealership’s system and ring any designated team member who is online at that time. When the call is answered by a dealership employee, the consumer and employee are instantly placed in a live streaming call, and it all happens at the consumer’s convenience. Now your employee can walk through the various features with the consumer, just as if they were at a live event.

Interactive, personalized video engages your customers. It also makes you their go-to resource, helps the customer gain more familiarity with your dealership and staff, and starts the process of building brand loyalty which, hopefully, culminates with a brand advocate. And there is no better, or more profitable, customer than that!

All Aboard! Using Video to Onboard Employees

As I have mentioned in previous blogs, there are many uses for video in marketing. One thing I haven’t yet discussed is using video internally in your dealership. At many dealerships, training is not always a strong focus and new employees are introduced to the dealership and company culture through piles of paperwork, manuals, and other tedious tasks that, for the most part, get skimmed through – rather like all of those “Terms and Agreements” we are all subjected to continuously. For the most part, these just go unread, and we simply scroll down until we reach the “Agree” button.

Well, similar to how you can use video to great success to engage your potential and existing customers, you can also use video to engage new employees and make it simpler and more enjoyable for them to learn about their new career as well as your dealership’s culture, branding, and messaging. Incorporating training videos into your onboarding process will be more engaging and will also be remembered over piles of paper.

Here are four ways to incorporate video into your training:

Sexual Harassment/Discrimination Policies – These are pretty standard in almost every business. Typically, however, there are manuals that have to be read. Then, at the end, the employee just needs to sign the last page and turn it in. These are very important for company culture and legal compliance. Consider having your corporate office or Human Resources department create a video outlining the dealership’s policies THEN have the employee watch the video and sign the form stating they understand them. It would be much more engaging, and, with the right platform, you can have a data record of what has been watched.
Company Culture Overview – Dealerships market the experience consumers should expect and employees are on the front line of this. Employees can either reinforce that promise or detract from it. Consider creating a video for employees that illustrates the company culture and the importance of complying while also explaining expectations. You can then get a head start on the new employee’s indoctrination into the organization.
Meet the Team – All too often, a new hire completes all of the paperwork and gets thrust into their new role without knowing who else exists in the dealership outside of the few they work with directly. Just as it is a good idea to make videos introducing yourself to customers, why not have department managers – front, back office, and service – create a short video introducing themselves to a new employee? This will help the new employee start their career with a sense of who everyone is and what they do and add a sense of the “team” they are joining.
Social Media Policies – Most dealerships have policies in place for employees’ use of social media platforms. Whatever your policies happen to be, the new employee should be informed of them right from the beginning. There have been lawsuits whereby employees were terminated because of social media use and, when the employee sued the dealership, the dealership lost due to lack of a policy.

When you make these videos, you would be wise to use a video platform that provides data. Then you can allow these employees to watch these videos in the comfort of their own home –rather than sticking them in a closet with a bunch of paperwork.

Employees will feel more comfortable, will pay more attention, and should, ultimately be ready to roll from the first day they step into the dealership.

Live Video Calling: Carvana’s Kryptonite

Video marketing has been a growing focus in nearly every industry for over a decade. But during the past year-and-a-half, due to a majority of business moving to virtual, video use at dealerships has exploded. While covid-related restrictions have started to ease in recent months, video has taken root and continued to be an essential tool to help sell more cars. This is because not all consumers are ready to venture out, or they recognize the convenience of an online car buying experience.

At the same time, the used car market is exploding, forcing dealers to increase prices on their lots, with few new vehicles to sell because of chip and parts shortages.

As Carvana and other disrupters are making a play to capture even more market share by running anti-dealership campaigns while willing to lose money buying vehicles high and selling them low, consumers are gravitating towards them.

There is a way, however, to overcome the marketing tactics that these online retailers are pushing so heavily: live video calling. The ability to follow up with your leads with a live video call humanizes your dealership. It gives a face and personality to your sales staff that builds the valuable trust relationship that these companies are trying so hard to break.

While vehicle description pages exist, there is no emotion for a consumer to connect with when they look at text on a screen. Your shoppers will almost assuredly seek more information, while also trying to decide if your dealership is a place that they want to do business with. Through live video calling, your salespeople can connect with their customers, show them the vehicle live and answer any of their questions in real-time.

It does not matter if the live video call is one-sided (where the consumer sees you, but you can’t see them) or two-sided (like a Facebook Live video call). You can build rapport with a customer through a live call, show them the vehicle they expressed interest in and reassure them that YOUR DEALERSHIP will be there for them for whatever they need during the car buying cycle.

As the market continues to lean more and more to the digital side, both dealerships and these industry disruptors will continue getting online leads. The good news is your dealership can still have an advantage over these online companies. Through live video calling, you can prove that you are a business that can still be trusted… much more than any multi-story “car vending machine” can.

How Do You Sell a Vehicle without Knowing Which Features are Most Important to the Customer? Video!

by Tim James

Part of the vehicle sales process is to learn the customer’s needs and wants. You probably encounter a large number of consumers who don’t know exactly what they want (or need). In fact, it isn’t unusual for an online lead to provide no additional information other than the vehicle they are interested in. Reaching the consumer to learn more about them and their wants/needs can also be difficult. They might respond to you simply asking for a price, and that could be the only information you have when trying to move forward with the sale and relationship-building process. This conundrum makes it more difficult than ever to sell cars, but luckily video is the solution to this issue.

Recently, a dealer asked a question in a Facebook group that was amazingly simple: “What’s the most important thing for you in a car?” As you can imagine, the answers were all over the place. One of the funniest I saw was “an engine,” but many people answered with more interesting responses. The reason they were interesting is that, as a salesperson, you don’t know what a customer wants unless they tell you… and many times they won’t. So how do you sell a car to a customer if you don’t know their needs and wants, and they won’t tell you?

Video walkarounds and video communication. That’s how.

Video Communication:

While a growing number of dealerships utilize video in their lead follow up process, many dealerships still respond to inquiries with a simple “give me a call” or “we’ll be in touch soon,” without answering any questions or trying to connect with the consumer on a personal level at all. This approach simply isn’t enough to make your dealership stand out against the lot on the other side of town. Shoppers look for transparency and someone they can trust when going through the big commitment of buying a new car – and you need to show that your sales team and dealership are trustworthy. Dealerships that utilize video communication in their lead follow-up process not only stand out, but they build those valuable trust relationships that keep shoppers coming back and sharing their experience with anyone they know that may need a car. In other words, you go from just another dealership to a trusted source for your shoppers — simply by getting face-to-face with them over a video call and answering any questions they may have.

Video Walkarounds:

But… without a great video experience, one that includes video walkarounds, some dealerships might not get much of a response from their shoppers at all regarding their inventory.

By using video to display your inventory, you’re able to make an emotional impact on every shopper and get across all the vital information your shoppers care about the most. When you have a video for every car in your inventory, you get the benefit of humanizing your inventory and your dealership, while giving the customer anything they might want to know in the fastest way possible.

Although photos and vehicle descriptions are extremely important merchandising tools, emotion is what sells. There is no better way to transfer the information the consumer is looking for, while inspiring the emotions that will get the consumer attached to a vehicle, than a good video of the vehicle. With this method, you have a much better chance of selling the vehicle or getting a response from the customer about what works or doesn’t work regarding a specific vehicle. Because of your virtual showroom, once a customer is interested, you know what their needs are and can begin building a closer relationship with them via video communication. Win-win!

Video walkarounds and video communication enable you to better engage the customer, build rapport by selling the vehicle, yourself, and the dealership, and become more of a consultant to them than a salesperson. Don’t simply throw photos of your inventory on your site. Instead, combine video inventory and video communication in your strategy to stand out from the rest.

Think of your presentation like your virtual car lot. Take the customer on a tour of the vehicle via a video walkaround, or personalized video that includes all the selling points you would present if they were there in person – Safety, Comfort, Fuel Economy, Performance, etc.

An equally important note is to, no matter the form of video, use it to also sell yourself and the dealership at the same time you are selling the car. The most important sell is “you.” Introduce yourself and your dealership and let the consumer know that you are trying to learn more about their wants/needs and that YOU will work hard for them and provide them with THE best experience — so no need to shop anywhere else.

Utilizing video in this way, having a video strategy for every stage of the buying cycle, allows you to find out what your shoppers want while establishing yourself as a trusted resource.

Video: The Content that Rules them All!

by Tim James

According to a recent study published by Wistia, consumers watched more than 23,000 YEARS of video in 2020 alone. This means more video was watched last year than the entire history of modern civilization! And it’s almost certain to continue to break records. Why? Because video transfers more information to a consumer in the least amount of time, while also creating the greatest amount of emotion when compared to any other visual medium.

Perhaps even more interesting is HOW consumers are watching video content. According to an article in Forbes, about 72% of consumers watch video content solely on their smartphones. More so than on a movie screen, their desktop, or anywhere else. New video apps and features are infiltrating the current market offering an increasing number of ways for consumers to view this content. Even Pinterest, which has historically been a single image-only site, has started to adopt video into its platform. This is why your dealership must understand that video isn’t just the future, it is the NOW.

Every industry has either begun the transfer to video or is fully engulfed in it, and the automotive industry is no different. Moving forward, high-quality and innovative video experiences on your dealership websites and in the different stages of the buying cycle will set your dealership apart from the rest when it comes to building relationships with shoppers.

Why do you think that nearly every business is scrambling to include video in their marketing strategy? Because it works, and the data is there to back it up!

Entrepreneur magazine recently featured an article stating that consumers want to, “See, Watch and Buy. In that Order.” How does this apply to your dealership website? When a consumer lands on your SRP or VDP, they are “seeing” your inventory. The next step is to “watch” the vehicle via a video. Whether that is a stitched photo video, a live video walkaround, or an interactive 360 spin, video content engages viewers and saves them from clicking through uninteresting photos and from having to read a large amount of text.

Consumers want to feel empowered to gain as much information about a vehicle as possible, as quickly as possible. Why has the test drive and product demonstration been a part of the basic steps to selling a car for decades? Because it works! And now, the technology exists to accomplish the same thing online.

The point is to make content consumers like, while also making that content in the form consumers want to consume. Then make it even better! Watching a video of a vehicle is great, but if you personalize that content and make it resonate with the customer in front of you, then you can move them further down the funnel.

It also helps to have trackable data you can use for your marketing. Use personalized videos on platforms that provide useful marketing data, and which integrate with your CRM for ease of follow-up. “Easy” doesn’t have to mean that quality suffers.

Make it easy to create videos that consumers desire, that they can view on their mobile phones, with data that integrates into your CRM so you can follow up with them appropriately. This will help turn your dealership into a marketing powerhouse that rules over any competition!

Build Your F&I Revenue Through Video

Dealers are increasingly adopting video in order to engage customers and win sales. Well, how about adopting this strategy in the F&I department as well?

As front-end margins decrease, many dealerships are placing more emphasis on F&I to make revenue. With digital retailing on the rise and customers shopping from home rather than in the showroom, how does a finance department sell F&I products in the absence of the dealer?

Going under the assumption that home delivery means that the entire deal has already been done as the paperwork must be printed in advance, dealerships are probably finding it difficult to present finance products in the most convincing way.

And that is where video comes in.

Most companies that offer various F&I products have product videos available for your use. The first step to increasing your F&I profit is to package these videos along with your dealership’s value proposition (Why Buy) videos, testimonial videos, and other finance FAQ videos on your website where they are easy for the consumer to find. Consumers know these “upsell” product offers are coming. Provide them with the opportunity to educate themselves on the various products higher in the buying cycle.

The next step is to strategically re-introduce these videos to the consumer as they continue through the buying cycle. After you have used “video messages” when following up with inquiries (leads) and setting appointments, include these F&I videos in the “video experience” that you send to your leads to confirm appointments.

This provides the shopper with another opportunity to view the various F&I videos, and, with the right software, you can enjoy real-time reporting on the exact video content they view. When your shopper shows up for their appointment, you have insight into all the F&I videos they have watched (or haven’t watched). You know if they watched videos about purchasing with bad credit, lease vs. purchase, the impact of a divorce or bankruptcy, and all the extended warranty and other F&I product videos that you offer. Armed with this information, your team can provide a significantly better experience for each consumer, while helping them with any questions they may be afraid to ask. Both your profits and CSI Scores go up.

For the best results, I would suggest having the finance manager make multiple videos of products on an individual basis. This personalization will increase the informational and emotional value of your videos and reward you with an even larger success ratio.

For example, your finance manager could create a video explaining why paint & fabric protection is a worthwhile investment for the consumer. Then another video explaining wheel and tire protection. Then continue to create short videos “selling” products as if the customer is sitting right in front of them. In addition, you could also create a short video with the finance manager summarizing all of the finance products.

Regardless of if you use stock product videos, or your own personalized videos, be certain to include some testimonial videos for each product. Consumers constantly hear how they don’t need the various “upsell” products. Let them hear a few success stories from other consumers who found the product valuable.

As the finance manager is the correct person to explain and adjust payments based on product and accessory choices, it is important for them to have that engagement and to have these product videos handy should the customer prefer to do everything online. The finance manager can then engage the customer with video via email or even live over a “one-click” video call, whatever the customer’s communication preference may be, while the vehicle paperwork is being created and sent to the customer.

Video can be used in every department to increase brand loyalty, vehicle sales, F&I product sales and service revenue. It is a highly effective tool that should be added to your marketing toolbox. However, to truly maximize the benefit of your videos, utilize your video content across multiple touchpoints as an end-to-end video marketing strategy that combines video content with video data. Then you will realize the true value of video.