Gina Reuscher

Company: 3 Birds Marketing, LLC

Gina Reuscher Blog
Total Posts: 7    

Gina Reuscher

3 Birds Marketing, LLC

Aug 8, 2016

Close Encounters of the Third Kind: Millennials

In the classic movie, Close Encounters of the Third Kind, we received a filmmaker’s glimpse into what humanity would experience in the event of a U.F.O encounter and actual physical contact with an alien. To many dealers, Millennials are very similar. They’re very different from past generations, are far more technologically advanced, and we really don’t know much about them -- Or do we?

Millennials, defined as people born between 1980 and 2000, between the ages of 16-26, represent a large buying demographic. So large, in fact, that many estimate the buying power of this demographic to be $200 billion, and a whopping $500 billion when indirect purchasing power is included. That’s pretty significant.

These are the kids raised on VH1’s pop-up videos, YouTube and other video content. This is the type of content that they not only like, but use. When they’re considering a movie to watch, do they read the IMDB description? No. They head over to YouTube and watch the trailer. That’s how influential video content is for this demographic.

In fact, according to an article on Business 2 Community, 8 out of 10 Millennials find video helpful in making purchasing decisions. They are also 85 percent more likely to purchase an item they watched a video about. Why? Because that’s how they like to take in information. 2/3 of Millennials prefer video over text. And a whopping 50% ONLY watch video!

In a recent blog I covered how Facebook predicts that its content will eventually be purely video-based content. Think about that. These social platforms cater to the users. If their users wanted all music, that’s what it would be. Pictures? Done. Text? That’s Twitter (for now). The point is Millennials increasingly dictate the type of content that is delivered. The sole reason being that they represent a large portion of the current consumer demographic for most products and they are absolutely the dominant demographic for the near future!

What does that mean for the auto industry?

It means that a good percentage of current car shoppers, and an even larger percentage of future car shoppers, will be influenced by video in their buying decisions. Other retail sectors already realize this. It’s no longer relegated to Super Bowl time. It’s all of the time. Videos are engaging, entertaining and connect with consumers on an emotional level. Unlike past generations, Millennials don’t want to be SOLD to, they want to CONNECT with a company or a brand.

The article further stated that half of all Millennials consider companies that produce video content on their products to be experts in their field. And let’s not forget that videos on product pages convert at a much higher rate than product pages with no videos. So why wouldn’t any retail business want to embrace this cultural shift? Most of them are -- but some of the automotive industry is still a little stuck in just pictures and are not taking full advantage of video.

In order to secure market share now and for the future you need to have a good handle on Millennials. And they need and want videos. There’s no ifs ands or buts. If Millennials want to buy cars from a desk in your parking lot, you’d put a desk out there and sell it to them, right? Well, these Millennial consumers are tech-savvy, have access to more information than any other generation before them and will happily move to your competition for $50 in price, or a $20 oil change, whichever they need at the time. So you need to be in front of them so that YOU are top of mind when that need arises.

Do yourself a favor. Video marketing isn’t expensive and with the right process does not need to take a lot of time or effort. In fact, this is something that your porter could do with the cell phone in his pocket. Or, you can get as sophisticated as professional equipment and a branded staging area. It’s your choice. The bottom line is that you need video to engage Millennials. And you need Millennials to sell cars – now and for decades to come. So get yourself a video marketing strategy in place and sell some cars. That is what it’s all about, right?

Gina Reuscher

3 Birds Marketing, LLC

Marketing Director

2308

No Comments

Gina Reuscher

3 Birds Marketing, LLC

May 5, 2016

How to Create Emotionally Appealing Inventory Videos

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.

Gina Reuscher

3 Birds Marketing, LLC

Marketing Director

1912

No Comments

  Per Page: