Customer Acquisition Can Be More Effective When You Spend $0

By Editor
in
Driving Retention Blog
Jun 26, 2019

Customer retention is typically much less expensive than customer acquisition. However, with the advent of the internet, consumers are changing.  Now, I’m not saying that your dealership should ditch retention and loyalty strategies – not by a longshot. You need both retention and acquisition to grow. But what if I told you there is a customer acquisition strategy that costs ZERO dollars? Interested? I thought[…]

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Communication Helps Increase Productivity

By Editor
in
Driving Retention Blog
Jun 21, 2019

In many businesses, it is typically frowned upon when an employee goes over the head of their immediate supervisor, or directly to another department, to get questions answered or problems solved. This easily creates animosity between the employee and their direct supervisor and is frowned upon as it is a failure to follow chain of command. This system of following a hierarchy has been in[…]

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Consumer Attention Spans Are… Declining

By Editor
in
Driving Retention Blog
Jun 19, 2019

If you haven’t already noticed, human’s attention spans, in general, are decreasing. A deluge of short soundbites, marketing messages and social media has created a society that simply won’t listen… if you talk too long. Do you have a friend who, when they want to tell you a story, you immediately ask them how long it is? If so, I’m sure you understand. According to[…]

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Text Communication

By Editor
in
Driving Retention Blog
Jun 17, 2019

Texting is by far the most popular form of communication for consumers – especially with younger generations. However, because of the many compliance rules and laws that have to be followed, many dealers are hesitant to adopt text messaging — they simply don’t want to risk it.  Consumers prefer to communicate via text because it’s short, to the point and non-intrusive. Have you ever[…]

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When It Comes to Customers Don’t Judge a Book By Its Cover

By Editor
in
Driving Retention Blog
Jun 12, 2019

Almost every salesperson or manager that’s been in the business for a while has a story to tell where someone – perhaps even themselves – prejudged a customer and lost a sale. Perhaps that sale was lost to another salesperson at the dealership, or perhaps the dealership lost the sale altogether. But it has happened and still continues.   Here are a few examples:  According[…]

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The State of Customer Loyalty

By Editor
in
Driving Retention Blog
Jun 10, 2019

Colloquy just came out with its Annual Loyalty Census Report which informs retailers about top loyalty trends. The data in this report (which you can download free at the link above) is important for retailers to view and understand as it reflects the changing attitudes, desires and effectiveness of loyalty marketing, incentives and programs. In fact, this year had some pretty interesting results.  While loyalty program membership increased to[…]

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Make a Difference in your Community – Customers Love it!

By Editor
in
Driving Retention Blog
Jun 05, 2019

When it comes to community service, car dealers are often the very foundation of their communities. A great example is what the Jim Ellis Automotive Group did in May of this year. The Atlanta-based group successfully raised $65,000 for first-responder organizations that serve various dealership locations around Atlanta, including the police and fire departments. The money was raised by donating a portion of every new or pre-owned[…]

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What Happens When Company Culture Breaks Down?

By Editor
in
Driving Retention Blog
Jun 03, 2019

Unless you’ve been hiding under a rock, you’ve undoubtedly heard about all the chaos that’s been happening at Uber. What began as a single blog post has gained so much momentum that not only is the company under investigation by the government, but the CEO was ousted very ceremoniously. Allegations of sexism, sexual harassment, abuse and just about every[…]

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