Peter Kahn

Company: CDK Global

Peter Kahn

CDK Global

Jul 7, 2016

Ten Words That Will Help You Close Email Leads

There are a whole slew of articles and books created with the purpose of teaching you how to write the perfect email to get customers to pay attention and take action. They’ll tell you to be prompt, include a strong call to action, use catchy subject lines or include fun graphics. However, when it comes to the meat of what you should say, you have nowhere to turn.

But that’s not the case anymore. As it turns out, the words you use DO matter. In fact, dealerships who have a high email close rate communicate differently than dealerships who have a low close rate. Using sentiment analysis and a cool new field of research called Natural Language Processing, we were able to determine which words contributed to the high or low email close rates.

Those we determined to be “high closers” had an average close rate of 10.9 percent. Those with a low close rate had an average close rate of 1.6 percent.

Double-check your words

So which words matter? Words like “provide” and “phone number” indicated a high close rate while phrases like “give me a” and “to ensure that” failed to indicate a high close. Go through some of your most common emails and start replacing some of those “low closer” words with some of the “high closer” words.

The Language of High & Low Closers

 

 

 

 

 

 

 

 

While it’s great to know the specific words that you can use to build strong emails, it’s also important to understand WHY these words helped drive sales – and use those concepts to further your success.

Guide your customers

Many of the strongest words occur because they are giving the customer good information and an easy, actionable next step. They ask simple questions like “would you like to come in and test drive the Sportage?” or say they’ll “provide details about the vehicles you’re interested in.” When you leave the next step in their hands, like saying “feel free to come in when you have a chance,” you lose the urgency and will often lose the lead.

Speak their language

Low-closing words like “body style” indicate that your customers can get lost when you’re speaking dealership language instead of speaking to the customer in their language. Instead, sharing the benefits of a vehicle in a way they would understand, like offering up that the vehicle has “heated seats” or is “comfortable” helps them imagine themselves driving (and buying) that specific car.

Meet them where they’re at

Your customers emailed you, so email them back. Don’t force them to call or come into the dealership before they’re ready. “Give me a call” was the highest indicator that an email would be left in the dust. Instead, provide them information they need via email and slowly nudge them through the process. If you’re meeting them at every step, you’ll also be the one to meet them in your dealership when they’re ready to buy.

While words are important, it’s important to remember that context matters too. If you’re still curious about how to use the language of closers, check out our white paper.

Peter Kahn

CDK Global

Senior Director, Research and Insights

At CDK, Peter is tasked with building tools to help dealerships understand the value of Internet-based marketing. With a focus on helping dealers connect with shoppers, Mr. Kahn has built out a team that focuses on the automotive shopper experience as a way of providing actionable insights that will improve shopper satisfaction and dealership profit. Partnering with CDK Business Intelligence and Data Science, the Retail Insights team provides unique thought leadership to automotive retailers and manufactures. Peter holds an MBA from Oregon State in Finance and Marketing as well as advanced program certificates in Software Product Management and Integrated Marketing from the University of Washington.

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8 Comments

C L

Automotive Group

Jul 7, 2016  

Hey Peter, Whats Up? Cat got your tongue? Or is it that you are just like all the other Automotive corporate pricks who show up every now and again to vomit some word confetti and call it content marketing?

BTW, I read your whitepaper and it sucks. You include no actual data as reference. The entire thing is fiction as far as i'm concerned. 

Here is a quote from the paper..

"Maybe one day there will be an autocorrect button that can identify and replace words and phrases with the most engaging language."

Because, that's more engaging?

How would the system even compile a library of "engaging" words to begin with? 

Peter Kahn

CDK Global

Jul 7, 2016  

Hey Dealer Guy, thank you for alerting us to the issues you’ve experienced.  I’ve sent this to our product owner and service team to investigate.

Peter Kahn

CDK Global

Jul 7, 2016  

Hi Chris,

Thank you for your comments. I have great respect for the Henrich team and the leadership they demonstrate in the automotive industry.

Using Natural Language Processing (NLP) tools and statistical techniques for evaluating phrases and words used by both the high and low close groups, we are able to find key differences between those who sell cars and those who do not. As we continue this work, we believe that we will find more. Its conceptually possible to collect a library over time of tested phrases and words that could work in typical new, used, and even services oriented conversations between the store and a prospect. Rather than guess what to say, the system acts as a coach or helper on how best to respond. Chris, we have good science behind our foundation and with that, we are dreaming big. Hope to bring more insight to you and others as we continue to explore.

C L

Automotive Group

Jul 7, 2016  

Are the machines also wighting variables llike Price, Color, Geo in addition to text? 

Why not just build automation and bots? I mean if CDK is going through the trouble of experiementing with NLP and machine learning it would make more sense to develop basic AI vs trying to educate the world on proper phrase structure. 

Don't you think? 

Mark Rask

Kelley Buick Gmc

Jul 7, 2016  

I think that just trying thr research that they have done on the words will be a big help

 

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