E-Mail Marketing, Social Media and Data Analysis The other day I was talking to a dealer who said, “We’ve tried some e-mail marketing. One of my salespeople is doing our Facebook page and another one is Tweeting. I think together that’s about all the e-mail marketing and social media I want to do for right now.” That would be fine — if the e-mail marketing and social media were working together, and if the marketing efforts were data driven. Unfortunately, for that dealer, they weren’t. And the same is true for many dealers I meet. More or Less: E-mail Marketing and Social Media
Business leaders throughout the nation understand the importance of having a strong e-presence — and a recent poll of more than 900 executives found that: • 60 percent are increasing their e-mail marketing budget • 55 percent are increasing their social media budget Now is not the time to cut spending on e-mail
“Now is not the time to cut spending
on e-mail marketing and social media. If you’ve trimmed your budget in these areas, you might want to rethink your strategy. Remember, nearly half (48 percent) of consumers combine social media and search engines in the buying process, and a staggering 85 percent start shopping for a vehicle online.” marketing and social media. If you’ve trimmed your budget in these areas, you might want to rethink your strategy. Remember, nearly half (48 percent) of consumers combine social media and search engines in the buying process, and a staggering 85 percent start shopping for a vehicle online. Add to that, 90 percent of consumers say they trust recommendations from people they know and 70 percent say they trust consumer opinions posted online. Suddenly, both positive and negative comments about your dealership on Facebook, Yelp.com, Edmunds.com, DealerRater.com and Google Places take on a whole new significance. Integration: Socially — and Financially — Rewarding
In this same study referred to above, more than two-thirds (68 percent) of the business leaders said they plan to integrate social media with their e-mail marketing, and 47 percent plan to use e-mail marketing to drive growth in social media — especially corporate Facebook and Twitter pages. It’s clear why this is such a vital — and profitable — goal. In a survey of e-mail and online marketers, 54 percent said results were “somewhat” to “significantly better” after integrating social media and e-mail marketing. These marketing professionals rated social media as the online marketing channel with the greatest positive effect when combined with e-mail. Put Your Money Where Your ROI Is
There’s more good news when it comes to e-mail marketing. In a recent survey of more than 200 marketing executives, 82 percent said they expect campaigns to be measured. But these same professionals admitted it is difficult to effectively evaluate ROI. They agreed, however, that overall the most success was had in measuring e-mail campaigns — 47 percent. You may also want to consider adding direct marketing to your media mix, because that followed at a close 41 percent.
Data Analytics: A Key to Success
In the poll referred to earlier, business leaders stated that their top e-mail marketing initiatives for 2012 are: • Improving subscriber engagement (48 percent) • Improving segmentation and targeting (44 percent) • Growing opt-in e-mail lists (32 percent) Data integration is critical to achieving each of these priorities, but it was also identified as the primary e-mail marketing challenge by 45 percent of the respondents. Lack of resources followed at 43 percent. When dealers tell me they don’t have the expertise or the resources to devote to developing data-driven analytics and strategies, I suggest that they may want to consider partnering with a vendor who does; if the dealer’s e-mail marketing and social media aren’t integrated and targeting customers consistently and concisely, you can bet their competition’s communications are. Russell Grant is the vice president of sales for J&L Marketing. He can be contacted at 866.503.8397, or by e-mail at email@example.com.
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