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Jim Kristoff

Jim Kristoff President

Exclusive Blog Posts

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“The formula for MAXIMUM R.O.I. in Social Media!”

 

“The formula for MAXIMUM R.O.I. in Social Media!”

 
 
There is a rather simple formula when it comes to getting the MAXIMUM return on your investment in Social Media.
 
It’s so simple…..it might overwhelm you!
 
And while the formula is simple…..the actual implementation is the hardest part!
 
The formula???????................”Embrace it”…….
 
That’s the ENTIRE formula…..”embrace it”
 
That’s right!!…....go ahead and “embrace” social media!
 
Most Dealers and dealerships are scared to death to go ahead and try!
 
BUT…go ahead…..”Embrace it”!!!
 
 
Let’s start with the Sales Department.
 
We would ALL love to have an entire showroom floor filled with salespeople that could sell 20-25 units a month without EVER having to take any floor traffic.
 
Some dealerships have these salespeople already! Salespeople that have their own book of business and continue to sell their 20-25 units in good times and bad.
 
How do these salespeople accomplish this month after month??
 
These salespeople do an excellent job of calling their customers, following up, sending birthday cards, holiday cards and keeping them abreast of all the latest incentives, deals and new models that are coming out!
 
These salespeople become the customers “friend” in the car business!
 
Now what if you could get your ENTIRE sales team to do all of that every day??
 
It’s easy by utilizing Social Media!
 
Engaging your customers on Social Media sites such as Facebook, allows you to constantly update your customer with your latest incentives, your latest specials and article that pertain to the vehicle that they purchased from you, thus reinforcing that the customer made the correct decision in purchasing from you!
 
You can also update your customers on any “new” models that may be coming out! Everyone LOVES “spy” pictures of future product!
 
You can engage your customers to any special events that you may have upcoming.
 
You can send your customer the latest pictures or video of any accessories that you may have added to another vehicle that they might be interested in.
 
Did you make a note of the customer’s interests or hobbies in your CRM? You can send them interesting articles on their favorite sports team or television show.
 
What about the servicing of the customers car?
 
Wouldn’t it be great to send your customers information regarding any “Service Specials?”
 
How about some articles or video explaining tire wear or battery life?
 
Send your customer articles on preparing their vehicle for any seasonal changes, i.e…..snow tires, coolant checks, safety checks before a long vacation drive….etc…..
 
The amount of information we can send our customers via Social Media is non-stop!
 
But first…….you have to “embrace” Social Media!
 
The whole idea of Social Media is that it is a FUN way to interact with your customer!
 
People have FUN with their friends. And EVERYONE wants a friend in the car business! Friends take care of friends….You can be comfortable DEALING with a friend….a friend will always treat you right….friends always recommend their friends to other friends…..
 
You see, by “embracing” social media, you become more than just “that salesperson” at the car dealership. You become their friend!
 
Every dealership wants to have a great relationship with all of their customers. They would love all of their customers to endorse them and support them! They would want their customers to refer all of their family and friends to them!
 
You can do ALL of this by “embracing” Social Media!
 
So if you are trying to figure out the pros and cons of social media, what the investment is and how much of a return on your investment will be….. know this…..You will receive ZERO return on your investment if you DON’T embrace social media.
 
The saying goes….”you will miss 100% of the shots that you never take”….
 
Go ahead…..take the shot….embrace social media TODAY!!!
 
 
 
This article originally appeared in the November 2011 issue of “The Social Dealership”
 
Here is the link:
 
 
 
 
 
About the Author: From a Salesperson to a Dealer, I have a vast amount of experience in all areas of the automotive environment.
 
You can follow me on:
 
My website: www.JimKristoff.com  
 
Twitter: @jimkristoff
 
WordPress blogsite: http://jimkristoff.wordpress.com/
 
 
 
 
 
Tommy Bay
Haha - I will! I WILL embrace it! Nice post, Jim. I like your style. I think that there are many of us who have been trying to get "non-believers" to embrace social media for a few years now. The ability to show and prove ROI is going to make a dramatic difference and we're going to start seeing a lot more dealerships opening their arms to the wonderful world of social media.
Chris Costner
Jim, giving Social Media a HUGE hug daily. I like what Tommy said about "non-belivers", they still exist and a few get on board every so often but soon see it fall to the wayside. Embrace it is right. I don't understand why anyone would implement anything in their dealerships and not go at it 100%. Thanks for sharing.
Jim Kristoff
Thanks Tommy! The old adage says to "fish where the fish are"....these days they are on the internet!
Jim Kristoff
Thank you Christopher! I agree completely!!
Bryan Armstrong
The biggest problem with most Dealerships I see is they'll read a post like this and think "He's right!" as they remember that when they got in the Business they were made to call all their Family and friends fellow Church members etc., etc. to "LET EM KNOW..." Maybe they even draw the correlation that thats what SOCIAL is...a conversation. But to many yell over the fence "SALE" one time and then give up or do it so often they get a noise complaint (unfollow/block). Consistent engagement and relating to whats going on in your Circle's lives will produce those consistent results.

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