inventory

How to Create Emotionally Appealing Inventory Videos

by Gina Reuscher, Director of Marketing, Flick Fusion

For dealerships that are considering video marketing, or in the early stages of developing their video marketing strategies, we recommend starting with inventory videos. Inventory videos are a great way to attract and emotionally engage car shoppers. According to a recent Gallup study, “businesses that optimize this (emotional) connection outperform competitors by 26% in gross margin and 85% in sales growth.”

Emotion sells because it happens on a very instinctive level. People may not be aware of why they’re buying–they just know they feel good about it.

So how do you create emotionally appealing inventory videos? Visually, most inventory videos are pretty straightforward. Typically they’re two to four minutes in length and show the interior and exterior of the vehicle. They should also highlight popular features such as infotainment systems, cameras or hands-free tailgate openers.

Although these visual features by themselves do stimulate some emotion, let’s face it: there’s only so much you can do with lighting or mood effects without getting cheesy. It’s an inventory video after all, not a Hollywood movie.

The best way to make your inventory videos emotionally appealing is to create a custom, unique voiceover track for each vehicle. Most inventory videos, including virtually all automated voiceover videos, simply recite the features and data that the consumer can already see on the Vehicle Details Page (VDP).

To differentiate your dealership and generate a powerful emotional response in viewers, create inventory videos with voiceovers that focus on how owning the vehicle will make the buyer feel.

For each video, identify one or two emotional opportunities that you want to tap into. The emotions will be different depending on the type of vehicle. Then, decide on a specific call-to-action that you want the car shopper to perform during or after viewing the video. Include hyperlinks or an audio prompt for the call-to-action in the video along with phrases designed to generate emotion.

In Barry Feig’s book Hot Button Marketing: Push the Emotional Buttons That Get People to Buy, he uncovered 16 emotional opportunities that drive conversion:

  1. Desire for control
  2. I’m better than you
  3. Excitement of discovery
  4. Revaluing
  5. Family values
  6. Desire to belong
  7. Fun is its own reward
  8. Poverty of time
  9. Desire to get the best
  10. Self-achievement
  11. Sex, love, romance
  12. Nurturing response
  13. Reinventing oneself
  14. Make me smarter
  15. Power, dominance and influence
  16. Wish-fulfillment

To get you started, here is a list of emotions and sample phrases that you may want to incorporate into inventory videos.

Emotion Phrases
Sex Appeal/Desire Imagine how you’re going to look in this car, you’re going to look so good driving this car, this is a sexy car and you’re going to look sexy in it, you’re going to be the envy of your friends/family.
Admiration Your friends are going to love it, your kids are going to love it, your dog is going to love it! You are going to love yourself in this car.
Family Values Imagine your entire family on a road trip in this spacious SUV, imagine how much fun you and your family will have trekking in this vehicle, this is the perfect vehicle for creating that special family bonding time.
Discovery/Excitement Imagine the places you can go in this vehicle. Explore, discover and escape the ordinary, enjoy unparalleled freedom in this adventure ride, imagine escaping into the great outdoors, you’ll forget all your worries the moment you get behind the wheel.
Humor Imagine all the stuff you can fit in here; kids, dogs, hogs, farm animals, circus props, all your wife’s/husband’s old junk. Lots of stuff, you’ll never have to go anywhere without your stuff again.
Smart Buying this car will be the smartest decision you ever made, with this deal/rebate you’ll be walking off the lot feeling like Einstein, buying this vehicle is one decision you’ll never regret, this one’s a no-brainer folks.
Confidence Don’t worry, worry-free, satisfaction guaranteed, no-hassle buying experience. Imagine all the money you’ll save with this fuel-efficient vehicle; imagine all the things you can do with that money! You can go out to dinner, you can go on a trip, you can buy new clothes.
Desire for the best Rest assured with this vehicle you’ll be getting the best in class, highest quality, top of the line, best value, best looking, etc.
Fear of missing out Isn’t she a beauty? We haven’t seen a make/model in this primo condition for a long time, this one won’t last long folks, this vehicle is going to fly off this lot, this vehicle is in high demand, if you want this, don’t delay, this won’t be here more than a few days
Pride You’ve worked hard, you deserve this car, you know you deserve it, you’ve earned it and you’re going to feel so proud every time you slide behind this wheel.

These phrases are just suggestions. Feel free to brainstorm and come up with your own! It will take some practice to feel comfortable producing custom inventory video audio tracks, but with time it will become second nature.

One thing is certain: creating inventory videos with emotional appeal will be worth the effort. Emotion plus a call-to-action will convert more shoppers into buyers because emotion sells.

 

One Isn’t Always the Loneliest Number That You’ll Ever See

by Tim James

In determining the effectiveness of video marketing, perhaps the metric most used is views – How many views did this video get? In fact, in a recent study by Yahoo-owned video platform Brightroll, 31 percent of polling respondents from over 70 ad agencies in the UK, placed completed views as the most important metric, followed by brand lift (28 percent) and a four-way tie between inventory quality, conversion, click-thru-rate and sales impact, which all came in at 8 percent. Hold on a minute. Does this mean that these marketers care about video views almost four times more than sales?

In video marketing, too much focus can be placed on how many people saw a video when, in fact, what matters is did someone watch the video and then buy the car. Yes, it’s important to have your videos on every touchpoint a buyer may visit in the purchasing process. It’s also important that your video is engaging enough that that individual watches it and decides that YOUR car is the one they want, versus the many others they may encounter. But make no mistake, car buying is an individual journey.

Our world is so noisy today that consumers go out of their way to be alone. Don’t believe me? Try to visit mostexclusivewebsite.com then come back to this blog. I dare you.

It didn’t take long for you to come back, did it? You know why? That website only allows a single visitor on its servers and then only for 60 seconds at a time. Once a person gains access, they can then leave a short message on the site to prove that they were there. Sounds kind of silly, right? I mean, why would someone visit that site? The fact is that so many people are trying to access the site that it cannot keep its servers up. According to the Washington Post more than 300,000 people have tried to access the website while only 55,000 have been successful.

People crave individual experiences. They want to feel special. Creating relevant and engaging video content can accomplish that. It can warm the customer up to your dealership as they make their way along whatever path they’ve chosen. On high funnel touchpoints, you want customers to find videos about your dealership’s value propositions and why they should consider purchasing from you, service and sales overviews, along with customer testimonials. These will start making an impression on your customer and plant a seed that you are the “good guys” and that they can trust you. As they move further down the funnel, they’ll be watching your inventory videos while searching for a vehicle. Once they are low funnel shoppers, that’s when you want to treat them like they are the only lead, the only customer, and the most important person in the world, by serving up personalized lead responses, vehicle walk arounds and appointment confirmation videos.  Video also gives you the ability to serve up custom content via your video players, throughout the entire buying cycle and specific to an individual shopper’s behavior and viewing pattern.  This makes the overall experience even more relevant and more personal to each shopper.

Stop thinking of video marketing as a numbers game. There is only one number that matters –and that is the customer that is watching your video… right… now.

Why Real Video Engages Consumers

by Tim James

Digital Marketing plays such an important role in a business’s success today that it is easy to forget how young this medium truly is.  It has, in fact, experienced a growth explosion that is historically unparalleled.  A new innovative marketing product seems to emerge almost on a daily basis. And everyone promises that if you use this new “insert buzz word here,” then you will get more leads.  With this explosive growth, and all the new products and features that roll out, it is easy to get caught up in chasing “the next big thing,” and forget about some of the basic fundamental rules of marketing that must be followed.

Rule 1: Emotion Sells

There is no technique in the world that can sell as well as emotion. It’s the exact reason why every sales process includes a test drive to get a shopper sitting in a vehicle, their hands on the steering wheel, and their mind taking mental ownership as they drive down the road. The problem with online car shoppers is that, unlike the customer standing in front of you, you can’t open the driver’s door and slide them in. However, you should be using your VDP Pages to duplicate this emotional experience the best that you can.  Having good quality photos and a good quality vehicle description is a good start, but the very best way to generate the most emotion possible in the virtual world is by creating live walkaround videos. Encourage your staff to interject personality into that walkaround. Another great way to use a walkaround is to personalize the video response for customers who have inquired about a specific vehicle. The customer will feel special and you can then begin to develop trust and rapport with them before they even step foot in the dealership.  The more emotion you can add to the overall experience for a shopper, the more leads you will get — with more of those leads actually showing up at your store to take a real test drive.

Rule 2: Be Relevant

In marketing, relevancy is one of the most important things, no matter what the media source. The first basic fundamental of marketing is to analyze your message and determine if the content you are trying to deliver matches the audience it is being delivered to. The ability to understand the consumer’s motivation at significant points in the buying cycle, and to then deliver relevant content to that specific consumer, is key to converting car shoppers. Different videos impact different shoppers at different times in the buying cycle. For example, you may want to give a different message to a shopper watching a video on your dealership website versus a shopper watching your video on AutoTrader. Or a shopper that is standing on your competitor’s lot while visiting your website (showrooming) to check out your inventory to see how your vehicles compare.  These are just a couple of the many examples of how you can utilize technology to increase the relevancy of your marketing message. One of the best aspects of using videos in your marketing strategy is that your videos can dynamically update your message based upon the relevancy to that particular consumer.

Rule 3: People Buy From People They Like (Trust)

Quite frequently, a customer browsing your website or VDPs does in fact have an interest in a vehicle, yet they do not submit a lead. In many cases, the underlying cause is that they simply do not trust car dealerships. Your dealership itself may not have done anything wrong to this person, but some past experience has perhaps infiltrated their thoughts. Address those fears in your videos and reassure the customer that your dealership won’t treat them poorly. If you make it clear that they will have a great car-buying experience, it can help entice them to fill out the form and click the submit button.

Rule 4: Call-to-Action

Make sure that you are very clear in your videos about the next steps you want the consumer to take. Having the video is great. But if you don’t tell the customer what to do next, you may find that they leave your website or VDP solely because they don’t know how to proceed. Be sure to lay out out a clear path for your customers to follow. Don’t rely on all of the widgets on your site, or third party VDP listings to do this for you. Include the call-to-action verbally in your video. This then helps to guide the car shopper to take the actions you want them to take. Make the process easy for the customer – don’t force them to guess. You could run the risk of the customer leaving your site and then getting overwhelmed by the many different calls-to-action that are present on most other websites.

All dealerships want more leads. The common thought process is usually along the lines of “If I get more leads, I’ll sell more cars.” However, if you rely solely on adding the latest gizmo to the numerous other ones already on your website, this is not the best process. Use these basic fundamental rules of marketing and you’ll see an increase in leads and end up with car shoppers further down the funnel, with a genuine interest in a specific vehicle, ready to engage with you. This will produce a higher closing ratio with less effort on your part.

Live Video Walkarounds: Are they Worth the Effort?

by Tim James

While most forms of digital marketing offer some value to dealers, the one constant has – and always will be – the better your inventory merchandising, the higher your sales.

In the digital world, your merchandising takes place on your VDP Pages, making your VDP Pages one of (if not “the”) most valuable pieces of digital real estate that you have today. The goal of the merchandising on your VDP Pages is to get a consumer emotionally attached to the vehicle, to take “mental ownership.” Or, at a minimum, to generate enough interest that the shopper will come to your store and take a test drive. If you can’t obtain one of these goals, then you hope that your presentation of the vehicle at least had a large enough impact on the shopper that they will remember one of your vehicles as they continue their shopping and bounce from site to site.

This is why you invest the time and/or money into your current digital marketing strategy: You have a website that gets good traffic and that has good flow to the Vehicle Details Pages (VDPs); pay 3rd parties for VDPs on their sites; have high quality photos for each vehicle on its VDP; use a good quality vehicle description for each vehicle; and even have all kinds of “conversion widgets” and such on your VDP Pages. You know how important your VDP Pages are. And you currently invest a lot of time and money into your efforts to have the “best” presentation of your vehicles as possible on those VDPs.

Now, up to this point, I haven’t told you anything that you don’t already know. But let’s consider this:

• People retain 20% of what they hear, 30% of what they see, and an amazing 70% of what they see & hear combined. This means that a shopper is at least 40% more likely to form an emotional attachment and remember “your” inventory if they are able to watch videos of the vehicles on your VDPs.

• More than 85% of today’s consumer’s say that they prefer product video over photos and a text based product description. Shoppers are significantly more likely to spend a greater amount of time on your VDPs — and more likely to return to YOUR website at a future time — if they know that they can receive their content the in the form in which they desire to receive it…video.

• Live Inventory Videos average 600% more engagement than stitched photo videos. This means that having a stitched photo video is better than not having a video at all; however, you will receive a significant boost in engagement if you are utilizing live inventory videos. This IS the best presentation of your vehicles (merchandising) possible for your VDPs.

The actual process of shooting a live inventory video only takes around 2 to 5 minutes per vehicle. Yes, it may take you a little longer in the beginning, when you first start shooting the videos, and before you are comfortable with the process. But, after you’ve shot a few, you should easily be able to get your process down to the 2 to 5 minute range. The actual process of shooting a live video is hardly an overwhelming investment of time, especially when considering the engagement and conversion benefits.

What DOES take time is everything else. You have to manually upload the video to a “host” (or multiple hosts), rename every file as you upload it, and then manually process the video URL to each location that you would like for the video to play. I’m sure there are plenty of you reading this who remember the days that this same “time consuming” process was at one time true for your photos. Shooting the photos was the easy part, but to get your photos to all of the various digital touch-points, you had to manually rename them and upload them touch-point by touch-point. Instead, many dealerships would either choose to not keep their photos current on the various digital touch-points, to outsource the photo process to a 3rd party, or would hire an in-house staff to do nothing but shoot and upload photos all day. As time progressed, and as dealerships started to realize how important the photos were to the merchandising process, more and more started investing in technology that made the upload and distribution process fast and easy. They still had to have someone shoot their photos, but that’s all they had to do and technology took care of the rest.

The great news is that this same technology now exists for your videos. All someone has to do is shoot the video (2 to 5 minutes) and technology will automatically name, upload, and distribute the videos for you (and often in real-time). In fact, you can even have your photographer shoot the video for you at the same time they are shooting their photos. And if you aren’t comfortable with your photographer talking about the vehicles while shooting the videos, then technology can even automatically add the audio layer to the video as it is being automatically uploaded. And you could even have one of your Sales or BDC Team members (from the comfort of their own office) re-record the audio layer of the video and instantly replace the automated audio layer on all of the digital touch-points (in real-time), if so desired. No more wind or highway noises, no airplanes flying overhead, and no worrying about the weather.

Even greater news is that these same videos can then also be utilized by your sales team and/or BDC team for personalized walkaround videos for lead responses. Instead of the time consuming, over and over process of shooting one video that would be seen by one person, of checking out the keys, finding the vehicle on the lot (in the heat, cold, rain, snow), pulling the vehicle out of the line, shooting the video, parking the vehicle, walking back inside, checking in the keys, uploading the video to a “host”, grabbing the URL and sending the video URL out in an email…the sales or BDC team member can now simply pull up the existing video (being used on the VDPs), re-record a personalized message as the audio, add background music (if desired), click save, and email out…all in less time than it takes to check out the keys and find the vehicle on the lot.

We used to find all kinds of excuses for why we didn’t keep our VDPs (across all of the digital touch-points) updated each day with 25, 35, 55+ photos. Excuses ranged from “it’s too much work” to “it costs too much money (if outsourced).” And I’m sure you can find plenty of new excuses as to why you aren’t shooting live videos for your VDPs and using walkaround videos for your lead responses…but the fact is that “it’s too much work,” is no longer a valid excuse, especially when you consider the impact that it will have on your sales.

As Hispanics buy more cars, stores add videos in Spanish

Eighteen months ago, Coast Nissan in San Luis Obispo, Calif., introduced Spanish-language videos with each car posted online.

General Manager Eric Ideman said it was a response to two trends:

•  His customer base along the central coast is heavily Hispanic, with many speaking only Spanish or preferring to communicate in the language.

•  Data showed increasing numbers of online vehicle-shoppers watching car videos.

“We have lot of people searching [for cars] in Spanish,” Ideman said. “We wanted to make sure they could get their videos in Spanish, too.”

Hispanics account for an increasing percentage of car purchases nationally, causing dealerships across the country to reassess how they market to the demographic, according to Eley Duke III, vice president of Duke Automotive (Chevrolet-Buick-GMC-Cadillac) in Suffolk, Va.

The videos at Coast Nissan and sister store Coast BMW appear as links on the Web pages of specific vehicles. They are for new and used vehicles. And they are either vehicle walk-around videos or a series of still photos spliced together with voice-over.

Duke said the area has a small Hispanic population nearby. But, he said, he added Spanish-language videos in December to the inventory he shows on the dealership website and social media feeds because he doesn’t want to lose a single sale to a language barrier.

Duke, like Coast Nissan, added the videos at the recommendation of one of its digital ad agencies, ZMOT Auto. The agency recently announced a deal with inventory video maker Flick Fusion to provide Spanish-language voice-overs to Flick Fusion’s videos.

In 2014, Hispanics accounted for 12 percent of retail vehicle registrations minus fleet and commercial vehicles, according to IHS Automotive. The number was 9.3 percent in 2010, according to Marc Bland, IHS Automotive vice president of diversity and inclusion. “If an automotive brand is looking for growth, there’s no better place to look than the ethnic consumer — with Hispanics leading the way,” Bland said.

The U.S. Census Bureau projects that Hispanics, who numbered 52 million in the country in July 2011, or 17 percent of the population, will account for 30 percent of the population by 2050.

Duke said video-watching also is on the rise among car shoppers. “Videos are such a big part of a visual society,” he said.

According to Google’s “Digital Drives Auto Shopping” study published in November 2013, more than half of auto shoppers watch 30 minutes or more of video during their shopping journeys. Moreover, one in four watched an hour or more, the study found.

In recognition of those trends, Coast Nissan is offering all of its online inventory with videos in English and Spanish, Ideman said.

The store is not as close to heavy Hispanic foot traffic as some competitors, he said. So Coast Nissan also is ensuring that its paid search ads, blogs, chat and website content are in Spanish, too, so those customers can find and interact easily in either English or Spanish, he said.

It isn’t good enough, Ideman said, to get an online lead or phone call from Spanish-speaking customers and make them wait for a response until the store can get a bilingual salesperson to contact them.

“People want an immediate response, or they go away,” he said.

Coast Nissan sells about 80 vehicles per month split evenly between new and used.

Of the store’s six salespeople, four are bilingual. And so is Coast Nissan’s finance director, who is responsible for closing deals in finance and insurance.

Ideman said, “We want to hold them all the way through the transaction.”

Written by David Barkholz [Originally published 2/16 on Automotive News]

The Most Important Metric In Gauging Video ROI

by Tim James

The question most pondered by businesses when advertising is perhaps the most important:

“What is my ROI?”

It doesn’t matter whether we’re discussing television ads, radio, 3rd party leads,

that gorilla on top of your building, or the contest you’re running on social media; all roads lead back to the ability to answer that one simple question. Dealers and their vendors use call tracking numbers, unique landing pages, and a plethora of reports to justify the monthly expense of any given marketing campaign. Some dealers swear that a product or service works, while others might complain that it does not.

In the case of video marketing, if you don’t believe or are unsure about its effectiveness, there’s one simple metric that you should take a look at:

Inventory turn.

You’re already keeping track of this. You know the average length of time a new or used car sits on your lot. You might even hold your used car manager accountable for this. This isn’t something that sits in the pile with all of the other reports. It’s something that is vital to the dealership’s profitability and, more importantly, the bottom line. Flooring costs can get quite expensive. The longer a car is kept in stock, the less profit it’ll make. In terms of time alone, that vehicle is depreciating daily. That’s where video marketing comes in. It can make your vehicle stand out and engage online shoppers better than any other form of media.

If you have a comprehensive video marketing strategy in place and are executing on that strategy (taking the videos, making them engaging, getting them on all of the key touchpoints), take a look at your inventory turn to gauge its effectiveness. What was it before video marketing? What is it now?

The bottom line is that any dealership marketing strategy has one simple goal: selling more cars. Video marketing done right will speed up your average inventory turn. And the ONLY way it can accomplish that is by bringing in more customers who are buying your vehicles more quickly. And that’s the only answer that matters.

Playing to Customer’s Emotions in Marketing Works

by Tim James

I have long preached the fact that including video in your marketing is an effective way to get customers emotionally connected to a specific car on your lot. This visual connection to the senses serves to enhance the appeal of a vehicle to an online shopper. If there was some technology that allowed consumers to touch, feel and smell your car while shopping online, I’d be all in. Unfortunately, the online vehicle shopping touch-points that exist today don’t allow for 4-D shopping; they are currently limited to a flat screen.

So, how about taking your video marketing game to the next level and incorporating marketing messages that play to consumer emotions. This is far from a new marketing tool. In fact, you see it every time you watch television or the latest viral video. Super Bowl commercials are typically prime examples: many are creative, funny and even touching.

Messages that create a sense of urgency, build trust, offer an incentive or some value added benefit, or appeal to some perceived status, are not uncommon in manufacturer and dealership marketing. What’s not as common is seeing a dealership incorporate these emotional triggers into their inventory marketing – at least in a video. Consider how much more effective the use of the techniques would make your inventory videos. You only have a few seconds in which to capture an online car shopper’s attention in your video. If your video captures the customer’s attention quickly through creative messages that play to their emotions, chances are they’ll watch longer. This can build more excitement in your vehicle over other similar vehicles. There’s no doubt that the more emotionally connected a customer is when they submit that lead, the more likely it will result in a sale.

Have fun with your walkarounds. Don’t simply point your video camera or smartphone and walk around the vehicle while describing it in monotone. Excitement is infectious. We use this all of the time when the consumer is on the lot. Keep your videos interesting and transfer your passion and excitement for the vehicle into the video. This will undoubtedly have a stronger effect on the emotions of any customer viewing it.

You don’t even have to be terribly creative (if you aren’t the creative type). Your dealership most likely has already employed an ad and marketing agency to do that. Simply look at the messages already going out to customers via traditional media and incorporate those unique selling propositions into your walkaround. These type of messages can then help sell you and the dealership, not just the vehicle.

Let’s face it; there are probably over 100 shiny vehicles, similar to the one you have online, that an online shopper is viewing. Anything you can do to give your vehicle an edge over the competition will help your vehicle stand out in the customer’s mind. Play to their sense of fun. Build a sense of urgency. Build trust and offer value in your video walkarounds. Step outside-the-box with a little creativity and, I promise you, your vehicles will get more attention and you’ll see more people submitting leads that are farther down the funnel and more emotionally invested. And that can only bring you more sales.

Don’t Get Distracted by Gadgets and Gizmos: Master the Basics to Succeed

by Brian Cox

For years, dealers have been inundated with technology. Salespeople from every vendor in the automotive space are continuously calling to present the latest and greatest product that is going to supercharge your sales. Great salespeople can convince a dealer or general manager to try products. Some of these products are excellent and could actually help … if you understand how to use them to their full potential.

There are some dealers that have both the time and expertise to devote to learning and using technology. But, sadly, that’s not realistic for many dealerships. To the vendors presenting their products, it may seem easy. However, if the product or service isn’t used to its full capabilities, chances are good that a dealer doesn’t stay a client very long.

If you are one of the rare dealerships or auto groups that has a tech-savvy employee who understands the products and services, and also has the time to use and implement them, you are ahead of the game. If, however, you aren’t in a position to hire or give someone these responsibilities, chances are that all of the gadgets and gizmos that sound wonderful will end up collecting dust. In any profession, continuous practice in the basics of your profession can assist you in growing and developing more advanced techniques.

As a dealership, there are certain basic services that are necessary. You need a DMS and CRM to track customers, vehicles and transactions. You also need a website that consumers can visit and gain information from. And, in order to capture the attention of online car shoppers, you must have the ability to distribute your inventory to your website and all your third-party sites, in a way that provides maximum exposure and appeal.

Technology continues to develop at the speed of light and is almost impossible to keep up with. It’s really not that long ago that many dealers did not see the need for a website, let along photo and video descriptions and a digital marketing strategy! However, the fact is that over time, the early adopters had a huge advantage over those who didn’t use technology to create exposure for their dealership and inventory.

The bottom line is there are a HUGE amount of gadgets, gizmos, who’s-its and what’s its available to help enhance your presence with today’s vehicle shoppers, both on and offline. It can be overwhelming to know where to start, and what’s important. If you want to do it yourself and don’t have the budget to hire someone internally, or an outside resource, take a step back and think about learning, practicing and mastering the basics before graduating to more advanced technologies. Otherwise you just may find yourself in a cave surrounded by thingamabobs wondering what they do!