video

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.

Keeping with the Times is Essential in Video Marketing

Video marketing in the automotive industry is very dynamic, which makes it essential to keep your videos relevant and sensitive to your market.

During this pandemic, video has proven to be a tremendous tool for communicating with customers and potential customers, helping to gain their trust and create more impact in every stage of the sales funnel.

Here are a few video strategies that I have found to be successful in many dealerships. They are simple, produce great results, and best of all, take little effort on the part of your dealership.

Service – Most dealerships have processes in place to sanitize their customers’ vehicles after repairs and/or maintenance are completed. Consider making a video illustrating the steps from start to finish so customers can actually SEE what you are doing, rather than try to find it in print.

Does your service department offer vehicle pickup and delivery? Show your customers! Make a video showing a driver picking up the vehicle and then returning it. If there is a loaner car involved, show not only the actual process as it happens but also the customer’s vehicle (and loaner) being sanitized, all the way up to returning the serviced vehicle to the customer.

Do you offer touchless payment options? Can the customer pay online before coming into the store? Be sure to include those features in your video to make your dealership stand out from the competition.

Sales – Most states currently allow dealerships to present and sell cars to customers both online and in store. If a customer wants to come in and kick tires, test drive or make the transaction in person, make a video illustrating what they should expect, along with the safety precautions that your dealerships take for this type of sale. This can easily be done using a salesperson along with another dealership employee acting as the customer. In this way, your dealership will not need to get permission from customers to be filmed.

If your dealership offers to deliver vehicles to the customer’s location for a test drive and delivery of the purchased vehicle, make a video illustrating this process from start to finish. This can help build trust both before and after the transaction.

I see a lot of dealerships starting to shoot great content like I’ve mentioned, but then only post their videos on YouTube or Facebook. Video is an incredibly valuable tool, but to truly maximize your ROI you must have a strategy that gets your videos in front of your audience at the right time of the buying cycle (where it will have the biggest impact). The best way to make it work is to present the videos where your customers will see them.

Your video experience should live on your website, and it should be as easy as possible for a shopper to find. Put your videos in the places where you know your site visitors will be looking since buyers won’t go out of their way during the buying cycle to view your content. To capitalize on the impact video can bring use these videos in a variety of ways:

  • Put value proposition & testimonial videos on the same page as inventory videos so consumers get to see not only how great your inventory is, but how great it would be to do business with you. The majority of consumers are looking for a dealership that they can trust, every bit as much as they are a vehicle to purchase. Don’t make them search your site to learn why you are that dealership, put it in front of them where you know they will be looking.
  • Send video emails with a landing page featuring a vehicle a customer is interested in, while also giving them the option to watch several other videos that feature your inventory, value proposition & testimonials videos. Even include your personal introduction videos, all without having to leave the page.
  • Build a trust relationship between your sales team and customers by having them send picture-in-picture videos of a vehicle a customer showed interest in, explaining the vehicle in more detail, and letting the customer know that your salesperson is a trusted resource throughout their buying process. Be sure to include this video content on the landing page experience that I just mentioned. The possibilities are endless when you utilize video to give your consumers the best experience possible.

We are currently living in an interesting time. People have many different viewpoints when it comes to the pandemic. The most important thing is to put your videos where your customers will see them, showing your customers (as well as potential customers) that you care, are trustworthy, and that your dealership is a place where they can feel safe and comfortable. These emotions are what will make a consumer choose you over the competition, and keep your current customers coming back again and again. The single most effective way to build these feelings and connections? Video.  

8 Quick & Easy Video Email Marketing Best Practices to Boost your Results

by Tim James, COO

Most consumers have a built-in fear of communicating with automotive sales professionals.  Many of the “new age” automotive retailers are trying to play on this fear by running negative ads that make automotive dealerships (and sales professionals) look like high-pressure evil people.

When a consumer does finally reach out to your dealership, using video content in your initial communications can be your opportunity to show them that they will have a GREAT experience working with you and your dealership. People buy from people they like, and video is the best way to show your potential customers why they should like you. It can be one of the most effective ways to humanize your dealership and establish trust with shoppers. 

Here are some quick tips for making the most of your video email campaigns that will increase your click-through and response rates.

1. Include the Word “Video” in the Subject Line & Avoid SPAM “Trigger Words.”

The simple act of adding “video” to an email subject line can increase open rates by 7% and can improve your click-through rate by 96%. Put it in brackets [VIDEO] at the end or beginning of your subject line to make it clear to your audience. People are more curious to see what is inside your email when it includes video and perceive the information displayed in the video to be more valuable.

In addition, the word “video” can help you avoid SPAM filters, which can be triggered for a variety of reasons, causing your email to skip recipients’ inboxes and land straight in their SPAM box. By avoiding trigger words in your email subject lines, you can dramatically increase your chances of getting beyond SPAM filters.

2. Link to the Video (or video landing page)

Unfortunately, some email providers have not started using the latest technology and this can play a significant role when you select a provider. As several email clients cannot play embedded videos, it can be better to provide a link to your video or landing page, rather than embedding it in your email.

3. Place Video Below the Email Message

Adding videos into your email will boost open rates but don’t let the video distract from your main message. An engaged audience will drop what they’re doing to watch a new video, so be sure to add it at the end of the email. By so doing, consumers will read your brief message before watching the video. Keep the text message above the video brief, as the main focus of the email should be the video.

4 Do not Send an Image Only Email

Do not send an image only email, and do not say too much in your email either. Video emails that keep it short and to the point with a word count of 50 words or less receive up to a 52% higher response rate than the same video sent with a long wordy message. 

5. Include a Call to Action

All forms of digital marketing should invite the audience to do something specific, especially when it comes to an unsolicited email or text. Make sure your videos in your emails offer value for the customer and include that critical CTA. The whole point of any message sent to a consumer is to lead them on the path that you want them to follow. Make sure the CTA is easy to understand and clearly directs them. Then ensure you take them where you promised.

6. Be Professional.

Include some basic best practices when taking your video. Have good lighting and a clean and pleasant space to stage your video. It is best to turn your phone to the side and capture the video in landscape mode. And be friendly and enthusiastic in the video (Smile).

7. Have a Variety of Video Content On Your Landing Page.

Now that the consumer has engaged with your email to watch your video message, this is the perfect opportunity for you to provide them with easy access to additional video content that really shows them that “YOU are the good guys,” and they can trust you. Rather than making the consumer search for “where should I buy it” content later in the buying cycle, present it to them now. Move the consumer along in YOUR buying cycle by including Value Proposition, Testimonial, a Personal Introduction, additional Inventory, Promotional, and New Model Test Drive videos on the same landing page as your initial video message. Let the shopper know that they can LIKE and TRUST both you and your dealership before they’ve even decided which vehicle they want to purchase.

8. Leverage The Shopper’s Data

A large number of consumers can disappear after your initial contact with them. How many times have you wondered what happened to that person that you just spoke to (who isn’t calling you back or answering your emails now)? Using a hosting company for your videos that offers detailed insights and data can make it easier to track your video success rates while allowing you to track the actions consumers take. Also, using the right video host can allow you to receive real-time notifications when your other video content (such as your inventory videos) are viewed by these same consumers. This gives you greater insight into which of your leads are still in the market and actively shopping on your website (or the popular marketplaces like AutoTrader, Cars.com, etc.), and provides you with a notification the second that they click to watch your inventory videos on these touch-points, allowing you to follow up with them at the most relevant time.

Video in email is no longer some gimmick. Consumers consistently state that video is their preference. Video has fast become a key factor in running more effective email campaigns. Adding video will breathe new life into your email marketing and is an engaging way to bring compelling content to shoppers, resulting in more appointments for your BDC and sales teams, more up-sell of recommended services for your service department, and higher CSI Scores across your entire store.

3 Hot Video Trends for 2021

By Brian Cox, president, Flick Fusion

The practice of using inventory videos to better merchandise and market vehicles is nothing new. Many dealers are old pros at using inventory videos to engage and convert more car shoppers into leads—not just on their website Vehicle Details Pages (VDPs) but across multiple channels and touchpoints.

While inventory videos form the basis of a sound video marketing strategy for dealers, there are many more ways to connect with customers and leads using video. In this article I’ll discuss three of the hottest video trends and how dealerships can incorporate these trends into their video marketing strategy.

Live Video Calling

When COVID-19 hit, video conferencing stocks soared. Almost overnight, live video calling became mainstream. Consumers not only enjoy video calling, they have come to expect it! Is your dealership meeting their expectations?

Have your sales team use a video calling app to perform live vehicle walkarounds with leads. Choose an app that can be used cross-platform and on any device. Live video calls are ideal for establishing rapport and building trust with customers, while answering all of their questions in real time.

In the service department, advisors and techs can live stream video calls to show customers worn-down parts that need to be replaced or repaired. Providing that visual proof to customers helps to increase service recommendation approvals. 

Interactive Videos

Interactive videos are fun, immersive and highly engaging because they put car shoppers firmly in control of their own viewing experience. Interactive presentations are ideal for taking your vehicle merchandising to the next level. The vehicle is showcased in a video with clickable “hotspots” that pop up to reveal detailed information to viewers, so they can learn more about features they’re interested in.

In various studies, interactive videos are proven to increase time on websites, increase recall of content and increase purchase intent. Interactive videos are a great way to make your inventory stand out from competition on third-party auto shopping sites and on your social media channels!

Personalized Videos

Your marketing vendor is probably pushing you to do more personalized campaigns, with good reason. Consumers love marketing that’s catered just to them!

Dealerships can use personalized videos in several ways. When responding to a lead, don’t just send a generic inventory video. Personalize it by recording a new, customized voice track over the existing video. Use the customer’s name, answer their questions and tell them why the vehicle would be a good fit for them.

Video technology also exists that allows you to insert a “video inside a video.” The salesperson uses their computer camera to videotape a quick, customized presentation for that same generic inventory video. When a lead opens the video, they’ll see the inventory video, along with a smaller insert video of the salesperson narrating.

Both of these personalized options only take a few minutes and are great tools to increase your lead response rates.

The use of personalized videos also involving leveraging customer data and viewer behavior in order to show the right video to the right customer at the right time. This can be done automatically by video hosting platforms that incorporate this technology. This feature is ideal for use in video ad and email campaigns. If someone is shopping for a truck online, you don’t want them to see an ad for an economy car!

If your dealership has successfully used inventory videos to merchandise and market your vehicles, think about expanding your video marketing strategy in 2021. Take advantage of these three hot video trends to connect with more customers and exceed their expectations.

Who You Gonna Video Call?

By Tim James

According to Stanford economist Nicholas Bloom, the “working-from-home” economy is likely to exist far beyond the pandemic. Employers are enjoying decreased expense in office space and increased employee productivity, while employees have more freedom with the luxury of no longer having to commute. A whopping 42 percent of U.S. employees are now working from home.

How are they able to do that? Via Video, of course.

Statistics increasingly show video as the preferred choice for consumers when it comes to media due to its viability and multiple benefits across all platforms and channels. And, during the pandemic, video has become the most used method of communication on all fronts.

Almost every company outside of essential workers is utilizing video services to efficiently continue their operations and stay in business. Video conference calls have become the norm, rather than the exception and video conferences or person-to-person video calls have exploded out of necessity.

According to Forbes, this digital pivot may become permanent – in all walks of life. Many students are having to do in-home learning and the only way some employees can continue professional development is via video. Trade shows and conferences are opting to hold virtual events First, because it is safer during a pandemic, second because it is much less expensive than in-person events, and third because viewers can choose to watch an event live, or later at a more convenient time.

Video is not going away and is certainly not losing any ground. Its popularity has exploded faster than was expected! When this pandemic eventually goes away, consumers and businesses alike will be fundamentally transformed.

As a marketing and sales tool, video will allow your team to inspire more emotion from a consumer than a text, email, or chat could ever get close to accomplishing. Think about this — when are your sales associates at their best? When they are face-to-face with a consumer, of course. An effective video marketing strategy embraces that understanding and puts your sales associates face-to-face with the consumer, even when the consumer is still at home.

Your dealership would be wise to have a video-first marketing strategy to place you in a position of dominance over your competition who may only use video as a stopgap out of necessity.

Be sure to embrace video now more than ever to take advantage of this extreme acceleration in video adoption by consumers. This will put your dealership ahead of the game and build a sound foundation from which your dealership will benefit for decades to come.

Become a Social Media Influencer

Did you know 92% of consumers trust recommendations from a social media influencer more than they trust advertisements? Lehel Reeves, Flick Fusion’s Director of Partnerships and Business Development, explains why dealerships and salespeople should start using social media accounts to become social media influencers.

5 Beginner Video Tips for Salespeople

By Tim James

Adopting a new technology into our lives can be challenging. When CRMs first came along, many salespeople preferred to keep using their stacks of index cards. Now that we’re in the age of video, many salespeople prefer to use phone calls and emails to communicate with customers. Why change?

Videos incite a significantly greater emotional response from people versus phone calls, emails and text messages, making it easier for salespeople to build relationships. In fact, most automotive salespeople are “at their best” when they are face to face with a shopper versus on the phone (or trading emails/texts), so they are much more effective when communicating with a shopper via a pre-recorded video or live video call when the shopper isn’t ready to (or can’t) visit the store.

If you’re in sales and still aren’t using video to communicate with customers, it’s time to get started. Here are some tips.

1 Just Start

One excuse I hear is “I’m not good with video.” The only way to become good at something is to do it.  Practice and keep practicing. Accept the fact that you’re probably your own worst critic and that you won’t like the first few videos you’ll make. However, they’re probably better than you think, and they’ll get even better as you become comfortable with the technology and the process.

2 Maximize Your Effort

If you’re going to shoot a vehicle walkaround video to post to YouTube or Facebook, don’t stop there! If the video is good, post it on your website VDP and export it to any 3rd Party Marketplaces that you utilize. Live vehicle walkaround videos will increase the engagement and leads that your dealership has coming in from ALL of your other marketing sources utilizing the same video content. Also, share the video in your video email responses to other leads along with your personalized video message. These are effective ways to maximize the impact that the video will have that all require little to no additional effort on your part.  The more exposure you get for every video, the better.

3 Track Your Efforts

Use a technology that gives you real-time notifications when a lead watches one of your videos. Include other inventory videos, value proposition, and testimonial videos and you’ll know when they watch those videos as well.  This gives insight into a customer’s intent to purchase. Additionally, you can get notifications when a consumer watches one of your videos on an online marketplace or third-party shopping site, such as Autotrader. So, you’ll instantly know if a lead switches from looking at new models to used models, and what they’re interested in. Knowledge is power, and you can leverage this to reach out to that lead with the right information at the right time.

4 Focus on the Presentation

Whether you’re making a pre-recorded video or you’re on a live-streaming video call, don’t just list the features of the vehicle; talk about the benefits of those features. Include a short introduction, smile and be enthusiastic. Today’s shopper is looking for a dealership and salesperson to “like and trust” as much as they are a vehicle to purchase.  Let your personality shine through.

5 Stop Looking at the Clock

Many salespeople believe videos must be short, so they make videos under two minutes long. This can shortchange consumers’ expectations. The video should be as long as it takes to answer all the customer’s questions and to effectively “sell” your dealership, yourself, and the car. I see videos that are four- to eight- minutes long that get watched all the way through because they’re informational, presented with emotion, and interesting to the viewer! Remember, these aren’t unsolicited entertainment videos that just happen to appear on the shoppers’ Facebook feed. This is video content that the shopper requested.

Once you start using video to connect with customers, you’ll never go back to using just phone calls and emails. Video will quickly become your go-to method because it gets the best results.

Three Tips for Great Live Video Conversations with Customers

By: Tim James

During these times, consumers are becoming more comfortable with online transactions and are much savvier about how they chose to communicate with businesses. As a result, dealers are having to utilize technologies they may not have previously embraced

Video, in and of itself, has proven to be a necessity for successful marketing for dealers. In today’s world, live video is even more important. But not everybody does it as well as they could!

A great article on Business2Community lays out some simple best practices dealerships can use while performing a live video for a prospective car buyer. These tips are great for salespeople or BDC agents who communicate with your customers.

Here are three of the top tips:

Pause! –  When you are having a conversation with someone and they do all the talking – that quickly gets old, right? A one-sided conversation is not something many people enjoy which leads to the first tip in the article, Pause!

You have the customer’s attention. You have them on a live stream and, just like selling a car in person, you need to listen to their needs and wants. You have to listen to tailor that walkaround and your conversation to supply the information they requested. Listening is also how you find out what is important to them so that you can tailor your conversation to that specific customer.

It is much more effective to listen to your customers, answer their questions, and proceed to the sale than to dominate the conversation. Take a breath. Don’t worry about the uncomfortable pause. As long as the customer is still with you, you don’t need to fill the gap with conversation. They may be digesting what you have already told them and considering their next questions. If they don’t ask any questions, you can easily prompt them by saying something along the lines of, “Should I proceed with the other features I was going to show you or did you have specific things you would like to see?” — just like you would if they were physically on your lot.

Engage – The customer didn’t agree to a live video engagement because they weren’t interested in the vehicle. The very reason that they are on a live video call with you is that they are VERY low funnel and in the market RIGHT NOW! Think about all the Internet leads your dealership gets and how hard it is to contact the majority of these opportunities. Here you not only have a customer that engaged with you but one that agreed (or requested) to do a live video call about a specific vehicle.

Perhaps something about the vehicle which they inquired about doesn’t suit their needs. Since you have them live, you can easily ask them if you could show them similar vehicles you have in stock and, essentially, show them multiple vehicles.

What’s the other option? The customer doesn’t like the one you showed them and disengages simply to move on to the next dealership. Don’t waste the opportunity to show them more inventory. You only need to ask them — just like you would if they were physically on your lot.

Eye Contact – While you may not be able to see the customer, the customer can see you. If you aren’t looking into the camera while engaging, you lose the opportunity to build rapport. Most of our communication is physical. We typically read expressions and interpret answers by how someone is looking and/or physically gesturing. In a live video, the customer can see you. By making eye contact with them, it is much more personal.

How do you do that? By looking into the camera, itself. Not just at the phone. You can practice with another salesperson beforehand to get the hang of it. When you are talking to the customer, look directly into the camera. To them, it will seem as if you are talking to them rather than seeing your eyes focused elsewhere.  — just like you would if they were physically on your lot.

Bonus Tip:

Smile – There’s magic in your smile and smiling while engaging in a video call can be one of the most important strategies for success. Smiling while on the video call will not only help you relax and improve your mood and energy, it will also help the consumer relax.  Remember, it’s not only “what you say,” but “how you say it” that matters. The video call is your opportunity to build a personal relationship with the consumer and get them to truly like you. We all know that people buy from people they like, and a simple smile while engaging the consumer is scientifically proven to improve your chances of being liked — just like you would if they were physically on your lot.  

Live video has never been more important in the sales world. Buying a car is a big decision for most customers, typically the second-largest purchase any consumer makes. Regardless of whether you are open for business completely, or only online, consumers are getting more comfortable with online shopping. If you are a veteran in the automotive industry, think about how different your communication strategy was in 2010 versus 2020.  Now imagine how different it will be in 2030. Trust me, the next ten years are going to fly by, so make sure you stay ahead of the competition and are prepared for the acceleration and adoption of this technology by consumers. Great conversations certainly lead to more sales. And live video is a highly effective way to have great conversations with your customers.