social media

Will Video Bring You New Customers?

While many dealerships agree that video is important and worthwhile, at the same time some think it’s time-consuming and lack the resources to put a video marketing strategy in place.

What if I told you that acquiring and scaling a well-planned video marketing strategy which leverages video content for shoppers throughout the entire buying cycle can be automated AND cost less than $5.00 per unit a month? Or that this same video content can help in search engine optimization for your website at no additional cost? And, how about this: that same video content can also build customer rapport — AND attract new buyers you don’t even know exist? Would it then appear to be worth it?

According to NADA, the average dealership runs a marketing cost per sale of $640 per unit. Dealerships spend a ton of money between all their marketing sources attempting to attract attention to their inventory.

And how about this for a statistic? 93% of marketers say video brought them new customers — Interested now?

There is a case to be made that social media can help sell more cars. In fact, according to a study by leading video research company Animoto, 73% of consumers responded that their purchase decision was impacted by a company’s social media presence.

And what is the most popular type of content across all social media properties?

Video.

The best part is that with a scalable video marketing strategy you can use all of the same automated video content for your social media strategies as well, dramatically increasing the return on investment from all of your digital marketing. Would you rather spend $640 per unit — or much less? It makes sense to look at what moves units and acquires new customers for the least amount of money. That’s how you increase profitability.

Still need convincing? How about this: 57% of millennials watch more video ads on social media than on television, and 45% of consumers discover brands through video ads; more than recommendations from friends, which is at 31%.

When it comes to discovering brands, word of mouth is still king. But, increasingly, consumers get recommendations from friends and then check out the dealership via social media such as Facebook or online reviews.

Having a healthy and robust presence on social media with video content can influence car shoppers and bring you sales from shoppers you didn’t even know were in the market.

Video content is here to stay and will increasingly dominate all platforms as the preferred type of content influencing sales. If you don’t already have a strategy in place to produce video content to market your inventory, your store’s value propositions, your monthly promotions, your employees, and your brand, you’re behind the eight-ball.

It really doesn’t take as much work as you think. And, the rewards you will reap are well worth the effort.

Master Video Fundamentals Before Going Social

When I talk to dealers about video marketing, one question I get asked a lot is “What about social?” In particular the marketing folks want to know what types of videos they should make to post on their social media platforms, which social media platforms drive the best results and how best to engage their social audiences.

These are all valid questions for advanced video marketers. But if you are just starting a video marketing strategy these are the wrong questions to be asking.

The primary goal of your video marketing strategy is to increase lead conversions on your website. For the first six months to a year, that is all you should be focusing on.

A secondary goal for your video marketing strategy may be to drive more customers to your website, or increase engagement with your social media followers. But you should not even attempt these goals until you have mastered the fundamentals of your primary goal.

After all, what is the point of driving traffic to your website if you are not converting visitors to leads once they get there?

Let’s say you post a funny video on your Facebook page and someone clicks through to your website. When they get to your website, all they see are static photos and Vehicle Details Pages (VDPs) with text only. That’s not what this person is expecting! You caught their attention with video, you got the click-through with a video, but when they get to your website there’s no videos!

When it comes to video marketing, I always recommend wading in slowly. Start with your inventory videos and master the fundamentals before you do anything else. That’s not to say the branding and fun stuff isn’t important. It is, but the goal of those videos is different than the goal of inventory videos.

With inventory videos, your goal is to present your inventory to a potential buyer just like the best salesperson in your store would. Your goal is to create emotional desire in a car shopper, so they take the next step and reach out to you.

How to Master Inventory Videos

Inventory videos are powerful because they have the potential to change a car shopper’s mindset. Most consumers visit your website hoping that your dealership has the vehicle they want. A dynamic inventory video can change that paradigm to make the consumer want and take mental ownership of a vehicle that you already have.

This paradigm shift is backed up by metrics. Overall engagement on a VDP featuring a live walkaround video jumps an average of 600 percent versus engagement on a static VDP. This translates into an approximate 30 to 35 percent increase in leads, according to feedback from our dealer customers.

The first step in mastering inventory videos is to come up with a process for creating them. You could assign someone internally, or use an outside lot services company or a video production company. Come up with a template for what should be included in each video, such as:

Front, side and rear view shots of the vehicle
Interior shots of the dashboard and infotainment systems
Interior shots of the front and rear passenger seats
Close ups of tires
Shots of special features, e.g. roomy trunk, video screens in the back, back-up cameras

Additionally, try to add one or two “why buy here” value proposition statements, such as promoting your fast and easy financing options, or your no-hassle shopping experience.

Be sure to add in banners promoting special offers such as 0% down or cash back. Finally, don’t forget your phone number and a call to action! A car shopper should be able to click on the video and have the option to submit a lead, or if they are using a mobile device, click to call.

Once you have mastered the process of creating your inventory videos, the next step is to make sure these inventory videos get exposure.

In addition to posting inventory videos on your VDPs, distribute them on third-party sites such as Autotrader and Cars.com. Use them in your lead follow-up process and in email marketing campaigns. And yes, you can even post them on your Facebook page.

The next step in mastering inventory videos is to make sure you host your videos on a platform that can collect and use data. Technology exists right now that allows your dealership sales team to get real-time alerts every time someone watches one of your videos. Many times that ‘someone’ can be matched to a profile in your CRM.

Imagine getting an alert that a customer you haven’t spoken with in two years is on Autotrader watching one of your inventory videos. Imagine getting an alert that one of your regular service customers just watched an inventory video on Facebook. You have instant leads and you have their contact information!

There’s no more relevant time to call these prospects than right now, while they are engaged with your brand.

Once you have mastered the art of creating inventory videos, getting them seen and incorporating user data into your lead follow up and marketing processes, you will see an increase in your website and phone leads. Only then should you start thinking about additional types videos that you can create.

In addition to inventory videos, I typically recommend value proposition videos, customer testimonial videos and service department videos. These should all be displayed prominently on your website but they can also be posted on your social media platforms and used in email marketing and lead follow up campaigns.

But first, master the basics. Inventory videos are the best way to turn website visitors into leads, and these should be your primary focus.

Video Marketing: The Death of Boring

by Tim James

While I often talk about “basics”, that’s simply because many dealers are still not reaping the benefits of video marketing. But let’s say your dealership is doing video marketing. Perhaps you’ve made a commitment to conduct live video walkarounds for every vehicle. Maybe you’re engaging your customers via personal video e-mail. And perhaps it’s working well. Most people would advise a marketer that is having success to follow the old saying “If it isn’t broken, don’t fix it.” Well, sometimes that may not be the right answer.

Consider the “Red Bull” brand. They are widely known for producing some of the most successful viral video marketing pieces ever – including setting a record for the most live concurrent video views, with 9.5 million users watching their space diving video. The brand focused on creating video content that illustrated daring and astonishing feats of athleticism. As a result, it earned the respect and attention of many major brands across the country. But then… they changed their strategy. And everyone gasped.

Why would any company change a video marketing strategy that is considered (and measured) as the bar to achieve? Why change something that is working so well?

We may never know why Red Bull decided to change their strategy away from big time, exciting event videos that consistently went viral. What we do know is what they changed it to: Consistency.

Red Bull decided that producing regular, consistent video content (more quantity) would pay off over producing less video content — even if the videos as a group are not as “epic.” And what did this achieve? In the last year, Red Bull has created 639 videos that each have more than a million views, with a combined total of 1.7 BILLION views, and almost 33 million engagements.

While each individual video itself gets less engagement than one of the EPIC videos, overall the brand is achieving more views and engagement at less expense. Red Bull’s gamble on a consistent stream of video content, over occasional highly produced epic videos payed off.

What does that mean for your dealership?

Creating consistent content – walkaround videos, creative commercials, etc. – will absolutely engage consumers. But it’s not all about following some straight line on the road to your destination. Creativity will pay dividends – it’s a matter of regular content but also doing something to catch attention and set you dealership apart from the competition.

Take a step off the line and be a little adventurous.

Take for example a dealership in Minnesota, White Bear Mitsubishi. They adopted a white bear as their mascot and have created countless commercials and content including a person dressed in a giant white bear outfit. (If you’ve never seen them, they’re great!) But it isn’t the commercial that shot them to stardom, it is the OUTTAKES from the commercial. On their Facebook page alone, these commercial outtakes have had 6.9 million views, over 35,000 likes and over 100,000 shares!

It’s also been syndicated, made into memes and featured on television news reports! Did they expect this kind of exposure by simply posting some silly outtakes from a commercial they did to support their local hockey team? No!

The point is that they continued to produce content. They stepped outside the box. And because of that, the world is now talking about them. Had they never tried, they’d never have succeeded.

Wouldn’t you like to have those kind of results and exposure for your dealership? The only way that’s ever going to happen is to go out and start making video – and never stop.

A Super Nifty Trick to Make Your Facebook Videos More Effective

Social media is a great place for brands to get their message out to the masses using video. Not only are more people watching video on Facebook, but the platform itself is also giving it extended reach in order to entice marketers to publish more video on Facebook. Another really great (for marketers) feature of video on Facebook is that it autoplays in a user’s newsfeed. The problem is that it autoplays with no sound, so a user actually needs to engage with the video in order to hear it. If the user is scrolling through their newsfeed, you literally have seconds to capture their attention. So, how do you maximize the effectiveness of your Facebook videos knowing that users aren’t going to hear it, but only see it?

A recent article in Inc., shared that at the Salesforce Connections conference held in June, Facebook’s CMO Gary Briggs revealed a new trend that brands are beginning to use in their video marketing efforts on Facebook. Knowing that they’re pretty much at the mercy of a user when a video is presented in their newsfeed, marketers have started introducing text into the first 5-10 seconds of the video, so as to pique the interest of users and bypass the need for audio to capture attention. Similar to subtitles, this text is actually rendered into the actual video itself, allowing companies to use creative text in unison with their video to capture the user’s attention and get them to engage.

Facebook video marketing can be highly effective for dealerships, especially if it’s targeted properly. Video ads are one of the most effective means of advertising on the platform. The ability for dealerships to utilize various data sources and identify in-market car shoppers within their geographical area offers amazing opportunity. Consider incorporating video into your social media marketing on Facebook and, if it’s in the budget, utilize the precise targeting features that Facebook offers.

The most effective form of video marketing on Facebook for car dealerships would be more in the area of company branding, fun and random entertainment videos, customer testimonial videos, and occasional inventory walkaround videos. Of course, you should have an entire Inventory Videos page available from your Facebook Menu, making it easy for anyone visiting your Facebook Page to quickly see videos of your inventory (since you actually do sell cars).And, if you have a very rare or unique vehicle, and target it properly, a video ad for that vehicle on your wall could also help the vehicle sell faster as well. However, for the most part, the ability to expose your dealership to potential new customers through well thought out, creative and engaging video can keep you top of mind.

A successful video marketing strategy will ensure that your dealership is present at each and every touchpoint that a consumer could visit on their car-buying journey. It will also take advantage of any unique features of the platform to optimize the chances that consumers engage with the video. This super nifty trick will allow you to relay a quick message (a hook, if you will) to consumers without them having to engage with your video, and could make them stop and listen to what you have to say.

Facebook Enhances Algorithm to Deliver More Video Content

by Brian Cox

Last year, Facebook changed its algorithm to favor video content in an effort to gain market share in the very popular video content market. In fact, it’s done such a good job that daily video views increased by 400 percent – a huge rise over its September, 2014 numbers of 1 billion per day, to an incredible 4 billion per day. That’s a significant rise in less than a year.

Now, as a further enhancement, at the end of June, 2015, Facebook announced that it is again making tweaks to its algorithm so as to better identify the types of video content its users want. In the past, Facebook’s algorithm tracked the types of content that each individual user liked, and subsequently delivered more of that type of content. For example, users that interacted with photo content the most would be delivered more photo content. And the same for video. However, it always necessitated action on the part of the user. Whether that action materialized as a like, share or comment, Facebook’s algorithm noted that and factored that into the content type it delivered to that person.

In a recent blog article, Facebook shared, “There are many times people don’t want to like, comment on, or share a post, but this does not mean it wasn’t meaningful to them. In an effort to capture that meaningful content without actionable engagement, Facebook is now taking into account more interactions with videos that we have learned indicate whether someone found that video interesting, such as choosing to turn on sound, making the video full screen, and enabling high definition. So, if you turn the volume up, or make the video full screen, we have updated News Feed to infer you liked the video and will show you similar videos higher up in your News Feed. We have found that this helps us show people more videos that they are interested in.”

This comes on the heels of another significant algorithm change that was also made in June, 2015, whereby Facebook started to track how long a user lingered on a video in their Newsfeed. Facebook began using this as an indicator of relevance to that user and factored this in as an indication of interest.

From a video marketing perspective, this algorithm now enables auto dealers to see increased reach for their videos from consumers that watched them, but took no further action. Chances are, if a consumer is watching your video on Facebook – whether they are interacting with it or not – they are pretty low down the funnel. Facebook’s new algorithm will take note that they lingered on your video, interpret that as interest, and increase the priority as far as delivering similar content to that user.

Facebook knows that its popularity hinges on finding the right balance between satisfying its advertisers and delivering the types of content its users want to see. By continuing to tweak its algorithm, Facebook can more successfully deliver interesting and relevant content to individual users, providing a better overall customer experience and increased opportunities for video marketers to reach relevant consumers.