TADA’s Auto Dealers Innovation Series Recap
This year’s event dove into marketing and sales strategies and featured presentations from several keynote speakers including: “Dragon” and innovation expert Bruce Croxon, Erin Elofson -Director of Auto and Financial Services at Facebook Canada, and Mike Badour – General Manger of Business Development and Direct Marketing at Canada Post.
Bruce Croxon spoke about how now is the best time to be a consumer and how dealers have the ability to reach the consumer through multiple places and products. Everything from Google to Facebook, cellphone to desktop. He said that dealers need to invest in core values that include teamwork, vision and planning, as well as make sure that they are measuring what is working and what isn’t working. Customer acquisition cost is key, and the importance of relationships between businesses and customers is coming back.
The Dealer Panel discussed the customer journey and the use of technology. The panel included the perspectives of dealers, vendors, and OEMs and was moderated by Michael Cirillo – Co-Host of The Dealer Playbook Podcast & President of Flexdealer. They determined that, when it comes to marketing, the old school vs new school argument doesn’t matter. You should never assume what level of technical experience your customers have; in other words, you should base your marketing on your customers’ habits, not their age. They also spoke about how customers expect an ‘instant process’ that matches the experience that got them to the dealer in the first place. The importance of price transparency in the online journey was also reiterated.
Erin Elofson with Facebook Canada told dealers to forget about fans and followers and to think of Facebook as a new channel to get buyers into your dealership. Out of the over 3.1 million mobile apps out there, 82% of the time spent on apps is split between only 5 apps, one of them being Facebook. Something that a lot of people don’t realize about Facebook advertising is the targeting ability. Since everyone logs into Facebook as themselves on all sorts of devices, Facebook always has the ‘real identity’ of users. Not only that, but Facebook can target people using the immense amount of data that they have about users, and they can use CRM and website matching. Also, since Facebook ads show up on your news feed without interrupting your experience, people tend to be more open to ads on Facebook compared to ads on YouTube, for example.
Mike Badour with Canada Post spoke about how direct marketing is not only still relevant in a digital world, but actually complements other medias for a complete marketing plan. He also introduced Canada Post’s brand new Smartmail Marketing which uses Neuroscience to help businesses find new customers and increase the value of existing customers. Mike used Audi’s A8 launch as an example of a really cool mail campaign.
This was just a short summary of the conference, but as always, we learned a lot and look forward to attending next year!