Tim James shares why simply having video content isn’t enough in the second video blog in this series.
Flick Fusion COO Tim James continues explaining Google’s 5 Auto Shopping Moments that Every Brand Must Own in the fifth and final installment of this series.
Flick Fusion COO Tim James continues explaining Google’s 5 Auto Shopping Moments that Every Brand Must Own in the fourth installment of this series.
Flick Fusion COO Tim James continues explaining Google’s 5 Auto Shopping Moments that Every Brand Must Own in the third installment of this series.
In a recent study titled “Winning the Moments Before Your Dealership,” Google outlined five critical moments buyers encounter on their online journey to your dealership. For any marketing strategy, ensuring that you are in front of potential customers is imperative to maximizing its effectiveness. The same goes for video marketing. In video marketing you have to ensure that you don’t fall into the trap of simply creating videos that are ineffective, which nobody will ever watch, or which are irrelevant to what you do. Knowing the type of video, along with the correct message that will attract customers and continue to guide them along the path which ends at your dealership, is what matters and will bring sales.
Google’s five critical micro-moments are decision-based and centered on where that buyer is in the car buying funnel.
- Which car is best?
- Is it right for me?
- Can I afford it?
- Where should I buy it?
- Am I getting a deal?
Understanding these micro-moments and applying them to broadcast video content so it engages customers, is something every dealership should do — not just for your video marketing, but for every digital marketing channel you participate in.
If you can tailor video to those moments you’re much more likely to guide customers down the “yellow brick road” that ends at your dealership, avoiding any encounters with the Wicked Witch (your competition), which could end badly for you (meaning your customer ends up at your competition).
For those of you that haven’t yet taken the plunge into video marketing, knowing HOW and WHAT TYPE of video content to produce, along with WHERE to put it, and WHY it’s important, will get you dealership off to a great start.
Of course, you won’t know what’s working and what’s not without the data to show you. We’re in an era of data-driven marketing and now have the information to make decisions based on real-time actions — to then take that data and entice and convince customers that, in each micro-moment, your dealership is the one they should choose.
And believe me, folks… it works.
Consumers today are far more likely to watch a video than they are to read or look at the 40 or more pictures a dealership has on its VDPs, whether that’s a vehicle walk-around, dealership introduction, or a personal branding video message. By simply HAVING video, you are ahead of the game. Through learning and embracing these micro-moments, along with producing relevant videos that are part of a larger video strategy designed to capitalize on these decision-making moments, you’ll be leaps and bounds in front of your competition.
Join me at the 22nd Digital Dealer Conference & Exposition on Wednesday, April 12th from 2:30-3:20 pm for my session, “Mastering Google’s Five Critical Micro-Moments with Video – Creating a “Video Marketing Strategy to Maximize the Effectiveness of ALL of Your Video Content and Deliver Measurable ROI through an Increase in Leads, Appointments, Shows and Sales.” I will show you how easy and inexpensive it is to enter the realm of video marketing. You will learn how to create a strategy and how to measure the results through accurate data while being relevant and engaging by incorporating Google’s five critical micro-moments. I look forward to seeing you in Tampa, FL.
In my last blog I discussed micro-moments – the critical moments, as defined by Google, in a customer’s car buying journey. I also covered the importance of having a strategy that caters to and attracts a customer’s attention at each touch point.
The 5 moments Google defines as important are: Which car is best? ; Is it right for me? ; Can I afford it? ; Where should I buy it? And, Am I getting a deal?
In this blog, I’d like to share exactly which types of video you can create to cater to buyers at each of those critical moments. More importantly, I want to share the secret to “mastering the moments” using video content.
As you know, a successful marketing strategy isn’t about simply providing a car buyer with content, it is using the content that the car buyer is looking for to attract them into your sales funnel while moving them from stage to stage throughout the entire buying cycle. This is no different with Video Marketing.
One of the biggest mistakes I see dealerships make is to satisfy the consumer’s quest for a particular type of information (moment) in a video and then leave it up to the consumer to search and find the information that is now critical to the next moment.
The secret to “mastering the moments” is to make certain to provide the content (or quick access to the content) for the next “moments” at the same time you are satisfying the current moment. In this way, you make it easy for the shopper to move from one moment to the next, become a trusted source of information to the shopper and keep them in your sales funnel.
- Which car is best? – This phase is typically the beginning of any car buyer’s journey. The moment can be as quick as seeing a car they like and deciding they want it; to as long as knowing they need a new car, but having no idea which will work for them. Of course, consumers have many choices in vehicle brands and your objective at this point is to convince a shopper that your brand is the best decision for them.
This moment is heavily dominated by OEM advertising, as brands compete for return and conquest buyers. Unfortunately, you aren’t just competing against other brands, you are competing against other dealerships that offer the same brands that you offer as well. This means that you must provide the same (or similar) content as your OEMs so that you will attract the car buyers to your “path to the sale.” To help the customer make that decision about “which car is best?” be sure to market your own Model Review and Model Comparison videos.This phase is also heavily influenced by the shopper’s peers and automotive experts, so Review Videos and video content containing “user experience” from “other shoppers” are great types of videos to market at this phase as well. Shoot a couple of quick videos of a new customer talking about their experience with a previous brand and why they chose you (your brand) this time, versus the brand they were driving.Most importantly, now that you’ve satisfied the shopper’s quest for information at this moment, make it easy for the shopper to move on to the next moments by having your “Is it right for me”; “Can I afford it”; “Where should I buy it”; and “Am I getting a good deal” content available at the same time and from the same location as your “Which car is best” content. Another important trick at this time is to also ask the shopper if they would like a “personalized walkaround” of any particular Model, Trim, or a specific vehicle from your inventory.
- Is it right for me? – Now that a shopper is feeling confident about their direction after their research in the previous moment, they need to start looking at specific vehicle features to make certain that they match their wants and needs. You can easily move the shopper from the “Which car is best” moment to the “Is it right for me” moment by having New Model Test Drive, Trim Specific Features & Options, and VIN Specific Inventory Videos available for the shopper to watch at the same time they are watching their “Which car is best” video content.This is another great time to utilize the “Request a Personalized Walkaround” call to action, as mentioned above. It is at this moment that the shopper will start having some very real questions that only the dealership can answer.
- Can I afford it? – Now that you’ve moved the shopper through the “Is it right for me” moment and they can visualize themselves owning a particular vehicle, you can make it extremely easy to move the shopper to the “Can I afford it” moment by having content such as Rebates, Incentives, and Special Pricing dynamically display on each video that is relevant. Make certain that this content is able to update in real-time so that it can be continually updated without having to create new video content.You can include quick access conversion widgets on your videos such as Get Pre-Approved, Receive a Lease Quote, Value Your Trade, etc., so that the shopper doesn’t have to leave the video of the vehicle that they are interested in to go searching for their “Can I afford it” answers. The easier you make the process for a shopper, the more shoppers will stay in your pipeline, trust you for their information, and will not have to venture off to go looking for the information they are seeking.
- Where should I buy it? – Now we get into more familiar video marketing territory. This stage is where “Why Buy from Us”; “Why Buy from Me”; and “Why Buy from Them (Testimonial) videos become extremely important. We know that people buy from people they like, and you have the ability at this moment to make a real emotional connection with a customer via video. Rather than simply being a website, or generic dealership, a good video can easily sway a customer into giving you the first crack at their business. Remember, this moment doesn’t necessarily start at the end of the buying cycle, the shopper is looking for someone to trust throughout the entire buying cycle. Each of these videos should in fact be included for each moment, along with all of the previously mentioned videos.Again, don’t make the consumer think about what they want to do next and then have to go find the content. Have the content there and lead the consumer from moment to moment.Once the shopper does reach out to you with any question throughout the entire buying cycle, the use of Lead Response and Appointment Confirmation videos will have a huge impact on building that trust relationship with the shopper and satisfy the “Where should I buy it” moment through the relationship that you’ve built.
- Am I getting a deal? – If a customer has followed your lead throughout their car buying journey, the answer to this question, while important, almost becomes insignificant. People are willing to pay more for a vehicle if they feel comfortable with the business, like their sales person, and have a great customer experience.If, at this stage, you have provided the shopper with an excellent experience; and you focus your efforts on reassuring a customer that you will continue to provide them with an excellent experience after their purchase; you should be able to win their business — even if a competitor is slightly less.That said, Google states in their study that 50% of shoppers with mobile while standing on a competitor’s lot. So, not only is it important to have your Inventory Videos (as well as Testimonial Value Proposition videos) on your VDP Pages. It is also important to have your competitor’s Geo-Targeted so that you can present a “last chance” offer to a shopper when they watch your videos from one of your competitor’s lots — and even receive an alert from your CRM if your video data is integrated with your CRM.
While not all-inclusive, this list should get you off to a good start as far as having content available that helps consumers answer the questions posed in these five moments. And this will help to position your dealership at the top of the food chain for their business.
by Tim James
If you still aren’t sold on the importance of video marketing, it only takes a brief glimpse into recent news to illustrate just how important video is in marketing. There are many news stories relating to acquisitions, statistics and trends, which highlight the increasing importance – and value – that platforms of all kinds are placing on video content. The common thread that exists throughout all of these stories is companies recognize consumers have a strong desire to view video content and are positioning themselves to be able to serve that up.
Consider these recent stories:
- Facebook videos are now receiving 3 BILLION views per day. Facebook is all about relevance. It wants to serve up content that its users want to see. A recent report by social media company, SocialBakers, reported that video posts surpassed all other types of content with the highest organic reach as well as highest fan reach. In addition, Facebook gives videos that are directly uploaded to their site more organic reach than videos shared via link from YouTube. This is in an effort to boost its own video platform. Facebook has even begun to solicit celebrities and large media companies to upload their videos straight to Facebook, rather than YouTube or other platforms.
- Twitter recently renewed its agreement with Google to allow access to Twitter’s data stream. Since their breakup in 2011, Google has had to scrape Twitter in order to serve up tweets in search results. With this new agreement in place, Google can now index Twitter content in real-time providing more SEO benefits for Twitter content. Seeing as Twitter recently added a feature allowing video tweets, it’s entirely possible that Google could serve up your tweeted videos in real-time search results.
- Last November, in order to deliver better video ads across its many properties, Yahoo acquired BrightRoll, a video ad delivery platform, for $640 million. One month later, they acquired Evntlive and Ptch, both of which cater to the video content industry and, according to many sources, made them the largest video platform in the United States.
- Even AOL has been bolstering its video capabilities with the acquisition of three video marketing companies in the past 5 years –the 5Min video platform for $65 million in 2010, Adap.tv for $405 million in 2013 and, most recently, Vidible in December, for an estimated $50 million.
- There has also been a plethora of video sharing apps emerging in the last few years such as Vine – which ultimately partnered with Twitter – and Instagram, which added a video sharing feature and was purchased by Facebook for $1 billion.
- And last, but far from least, we have the largest player of them all – Google – which acquired YouTube way back in 2006, and has grown it into the second largest search engine in the world. It is currently racing Apple to become the first company to be valued at $1 trillion.
This is just a small sample of the investments major companies are making in video. It shows the importance successful businesses are placing on video content. And, I would say, a strong belief that video content is the future. I highly doubt anyone could argue against the fact that these companies know what they’re doing, simply based on their combined net value of $1.3 trillion. If all these companies were joined into one country, this humungous sum of money would place it at number 16 out of all 194 countries in the world.
I’d say they know what they’re doing.