Tim Duke

Company: fusionZONE

Tim Duke Blog
Total Posts: 4    

Tim Duke

fusionZONE

Nov 11, 2019

Are you in the Dark about the Effectiveness of your Website Strategies?

In my last blog, I shared a few design tips I have seen drive website conversion rates as high as 10%. In this blog, I would like to move onto the next step and share advice about how to recognize and measure if your website changes are, in fact, effective.

Many dealerships regularly make (or request) changes to their website to increase conversion or optimize website traffic. However, it can be a frustrating process to know what is working or not. Below are four simple tips that can help you establish how to effectively track and measure if changes to your website are making a difference.

1. Set the right KPIs– To effectively track changes, you must know the key performance indicators (KPIs) to measure. This will vary by the type of dealership and individual goals, but will often be conversion rate, bounce rate, traffic growth, etc.

Some dealerships use discounted pricing found behind lead forms. In that case, conversion would be an essential thing to measure. One-price and transparent pricing dealers will probably be most interested in traffic growth, bounce rate, SEO results, etc. All of this can be tracked in Google Analytics. Discuss your KPIs with your website provider and ensure they are setting proper goals in your analytics account so that you can easily track these KPIs.

Often, dealerships grasp in the dark at various changes. Setting realistic and correct KPIs will eliminate this. What changes do we want to make? What is the goal of these changes? What are the KPIs that will track the effectiveness of these changes?

Look at the KPI for each specific change. If you are changing the lead process, establish your goal and KPI tracking for this particular change. If you are changing the lead structure, the likely KPI is conversion rate. If you are changing the SEO strategy, you will likely want to look at YOY traffic growth, bounce rate changes, specific keyword rankings, etc.

2. Discuss changes with your Website Provider–Discuss with the performance manager at your website provider what they expect to happen with any changes. Will it increase conversion rate, the amount of traffic to the site, or percentage of market on site? What is it your provider expects to see from that change? Setting and tracking KPIs should be a collaborative effort with your website provider. Keep in mind that vendors have likely seen any specific change hundreds or even thousands of times. They have a pretty good idea of how effective it will be based on your specific geographic area and the results they have seen from other dealers making the same change.

So, discuss what they feel would be the right KPIs for you to track. Often, dealers think that a particular change will have a considerable impact on a KPI, perhaps driving more leads or more traffic to the site. Your provider should know if the goal is realistic or not. Discuss it with them. Again, your website should be a collaborative process. Your provider should know the effects that specific changes will have and what realistic goals look like for each of those changes. If they don't? Find a new provider. As a dealer, you should be an expert on selling cars. Your website provider should be an expert on how to achieve the realistic goals you want to achieve for your website.

3. Make the Changes – Now that you’ve figured out what your goals are, and have

discussed with your website provider if the proposed changes will help you meet those goals, the next step is to make the changes. But if there is one point I would like you to take away from this blog, it is that you cannot make mass changes and expect to track any KPI. That is probably the most critical point in this entire process. If you change 15 items at a time, it is difficult to know which change affected which KPI in which way. Many dealers will look through their website and say, “We don’t like these following 30 things and want them all changed.” That is fine, just don’t expect to know if any of those changes had any real impact, or which ones had the effect you were shooting for.

Limit changes to a few at a time and then track those changes over a set period. Establish what your goal is and see if those few changes make a difference. Narrow down those changes and revisit with your website provider after 1-2 months and discuss the results. If those changes don't improve the KPIs that you want, then move on to your next change.

4. Don’t Freak Out! – Many dealers make changes to their websites and are alarmed when they don't see an immediate impact. Frequently, I see dealers request a change and then become frustrated when nothing changes in a day or two. Give changes time to work so you can see if they are making a difference. You need, at a minimum, a couple of weeks of data to have a large enough data set to determine if you are achieving the goals you have set. The larger the data set, the better. So, if you can look at a data set after a month or two, you will have even better insight into the impacts of your site changes.

Imagine having a salesperson that is consistently your top performer, month in and month out, but they have three consecutive days of not closing anything. Does that mean you should fire them? No, you're just looking at a tiny data set, when a more extensive data set based on a larger time frame would give you the full story. The same logic applies here.

In summary, set the specific changes you want to make. Set the KPIs you will use to track those changes. Discuss the expectations with your provider. Don't make mass changes and use a large enough data set (two weeks minimum) to see the results.

Relax, make changes that align with your goals, and wait for the tree to grow. It won't happen overnight. Make changes strategically and methodically and watch the data over some time. You should then be able to optimize your websites without running around in circles wondering why nothing is working. 

'

Tim Duke

fusionZONE

Senior Director of Performance Management

256

No Comments

Tim Duke

fusionZONE

Oct 10, 2019

Does your Website Convert Traffic into Leads?

It’s a well-known fact the best leads aren’t the ones that are bought, but those that convert on your website. These leads close faster, close at a higher rate, and close for higher gross than any other online lead. The problem is that websites are consistently converting less than 1% of their traffic into leads. Some are higher, some lower, but rarely does anyone convert at higher than 2%. Below are a few design tips that I have seen drive website conversion rates as high as 10%.

These guide consumers to where you want them to go and pique their curiosity. By eliminating choice, they drive consumers to do what you want them to do on your site, submit a lead; giving your sales team one more chance at bat with an in-market car shopper!

1. Where Do We Go from Here? – Imagine driving towards a destination, in the dark with no road signs, and your GPS stops working. Sadly, that’s very similar to the experience many dealers currently offer their online customers on their homepages.

90% of visitors to your site are looking for one of three things: new inventory, used inventory or service. Doesn't it make simple logical sense to have these

areas clearly marked at the top of your homepage? I always recommend 3 large CTA's on your homepage, one for each of these options. If you have additional profit drivers you can add simple CTA's for those as well (no more than 6), but again, 90% of clicks are going to new, used, and service. These should be the first 3 CTA's on your homepage. They should be above the fold, and they should clearly indicate where they will take a consumer. 

Your homepage, above the fold, is the map you are providing to consumers. “Here’s how you get to the destination you came here to find.” Somewhat counterintuitively, you want to eliminate choice for the consumer. You want to direct the consumer where you (the dealer) want them to go, to your product. 

Another point to keep in mind for your homepage is that few consumers will scroll down on your page at all and less than 5% will ever make it to the bottom of your homepage. This means that the content found below the fold (anything you must scroll down the page to see), isn't really for consumers. Sure, you should put some specials on sliders, and a small fraction of consumers will interact with those. Truthfully though, almost all the below the fold content is strictly for SEO purposes. You should ensure that your website provider provides quality SEO content on your homepage, but that is a topic for another article.

Think of the lowest common denominator and structure your website so that the dumbest person in the world can easily find their way. If you make it simple for customers, more of them will find their way to where you want them to go AND have a better customer experience along the way.

2. Don’t Create Friction in the Search Process– The key to continuing consumer engagement once they do click on a CTA is to deliver relevant results. Just as Google focuses on relevance, the same concept applies to your site.

Once a shopper clicks on a CTA, many dealer sites take them to an irrelevant page. Most are set to deliver SRPs in a specific order. In most cases, all new or used vehicles and price, high to low. The problem is that this page is often irrelevant to the consumer.

Let's say I'm shopping at a Toyota store because I am interested in a base model new Camry. I come to your site, click new inventory, and am given an SRP with all your new vehicles priced high to low. This result is irrelevant for me, requiring me to either scroll through hundreds of other vehicles to arrive at the ones I am interested in or take additional steps to filter through inventory.

What if you delivered relevant results instead? This really isn’t that difficult. After a consumer clicks new inventory, rather than delivering them an SRP with every vehicle you have, first take them to a page where they can filter their results. This can be done by price, body style, model, etc. This simple change will result in a lowering of your bounce rate on SRP’s (sometimes by as much as 30-40%), which means that a higher percentage of consumers interact with your inventory. This will also lead to an increase in lead volume.

One more thing on this point, when it comes to your SRP and VDP pages the same principal about limiting your CTAs applies. Don’t overwhelm your potential car buyers with 30 options. Keep it simple, limit to 3 CTAs with a focus on results that you want. Generally speaking, these are a lead form, click to call, and either digital retailing or a credit application.

3. What’s the Ultimate Goal? – The ultimate goal of any dealer’s website is to interact with the customer. The only way to convert a customer into a sale is to gain interaction. If you structure your site correctly, more customers will engage with you, leading to more sales.

It’s ironic that many of the things that we did in the 90s still work today. The bottom line is that – especially today – consumers need to be incentivized into giving up their information. The number one reason that consumers do not submit a lead is that they believe it will provide no benefit to them. Consumers don’t see the need to "check availability," feeling that if the vehicle is on your site, it should be on your lot. Dealers must provide the “why” behind lead conversion. The most compelling “why” I have seen is offering a pricing concession in return for lead submission. This can be achieved by clearly indicating to a consumer that a lower price is available if they simply submit a lead.

Today’s consumers are conditioned for instant gratification. Many dealer websites promise a price reduction in return for a lead but don’t deliver; instead, they  return a message, "a salesperson will call you with our price shortly." All this does is upset consumers. Imagine you are shopping for a TV. You see a button that says, "get the best possible price on this tv instantly!" You click it, you give your name and phone number, and then a page pops up saying, "we will call you soon with your price." That method isn't likely to make you a fan of that business. The same principle applies here. Give a CTA that incentivizes consumers to submit a lead, and then deliver on your promise of a lower price, instantly.

It really doesn't matter how much savings you offer; so long as it is provided instantly and fulfills any promise made in your CTA.

4. First to Make Contact Wins – In the end, typically the first dealership to contact the customer, to interact, build rapport, and set a sales appointment wins the sale. The faster a dealership can get a customer on the phone; the more likely that customer will still be on the dealership's website and looking to buy a vehicle. There are a multitude of tools available to achieve fast connections with your consumers. However, you also have to examine your internal dealership policies. Take the time to test your lead process yourself. Go to your site, submit a lead, and see how long it takes for you to receive a response. Five minutes? Ten? Longer? Ask yourself, if I had submitted this lead on my site and my competitors who would have contacted me first? If the answer is your competitor, you have a problem! At that point, you need to identify if the problem is people, process, or product.

When I work with dealers on this issue, the answer is almost always process or product.

The highest converting dealer websites are winning by creating a pathway that fulfills the customer’s desire for immediate gratification by delivering relevant results. They provide clear calls-to-action and respond promptly via phone and email to initiate the right kind of engagement to drive a sale.

Dealers who encourage customer engagement by providing precisely what they are looking for find they engage via form submissions more often and, ultimately, are more willing to work with the dealership. Customers are more likely to continue engagement either via phone or in person. And that’s how you increase time on site, decrease bounce rates and sell more cars.

Tim Duke

fusionZONE

Senior Director of Performance Management

669

No Comments

  Per Page: