00:00
So for the dealers listening in, what's a place that they can start?
00:03
After they have an understanding of their audience, then what does it look like to make
00:06
sure that an event they put on does not fall flat?
00:09
So I come from the marketing world, and of course, marketing and sales being deeply
00:12
connected. So the first thing you need to know is...
00:18
One of the things that I enjoy most about producing the dealer playbook is
00:21
hearing from you the messages that I get of people who are getting so much
00:25
value out of the podcast, applying it to their day-to-day workflows, and finding
00:30
a thriving career right here in the retail auto industry. It means the world to me.
00:34
And you know, one of the ways that we make doing this possible is through my
00:38
agency, Flex Dealer. And of course, in the spirit of providing value,
00:42
I think this is a perfect time to head over to www.flexdealer.com
00:46
to show even further support for you, my beloved DPB gang.
00:51
Right now, if you go to my website, flexdealer.com, you can get a full,
00:55
free PDF of my number one best-selling book, Don't Wait Dominate.
01:00
And the reason I think it's so special is that a lot of the topics that are
01:04
discussed in this book are even more relevant today than ever with this
01:09
surge in popularized AI and people wondering, well, what can I do next?
01:13
How can I have a competitive advantage? Well, that's all here in this book.
01:17
And so I'd love to be able to offer you a free copy of this.
01:20
If you go to flexdealer.com, it would mean the world to me because that is how we
01:24
continue to produce this show for you.
01:40
Ondar Tarlo is a marketing strategist with more than 20 years experience
01:44
leading award-winning campaigns.
01:47
When he was the CMO at Connect to Federal Credit Union and Pacific
01:50
Premier Bank, his data-driven and creative storytelling delivered over 1.7
01:54
billion in product volume and tens of thousands of new customers.
01:59
He's worked with brands like Fastlane Drive, producing sponsorship
02:03
activations for the LA Chargers, the Galaxy, Anaheim Ducks,
02:08
Hanna Center and Beach Life Festival, which I mean, ever heard of any one
02:12
of these brands people? Of course you have.
02:15
Known for leveraging AI to increase campaign performance five-fold,
02:19
he's passionate about turning events into high-impact, story-driven experiences.
02:24
The DPB gang knows a bio that invigorates me to ask questions and learn more
02:30
is exactly what just happened.
02:33
Ondar, I got to ask you this right out of the gates,
02:36
especially in the context of automotive dealers.
02:39
They love the idea of community activation.
02:42
They love the idea of bringing more people into the dealership,
02:45
getting more foot traffic.
02:47
Some of them have tried cocktail parties and quote-unquote VIP events.
02:53
This idea of a VIP activation I think really stimulates a lot of desire
02:59
in the dealer community, but I'm curious from your perspective,
03:03
from all the events you've worked on, what makes them underwhelming?
03:09
What makes them great to be at?
03:12
And can you share an example of maybe to start a poorly conceived event
03:16
that missed the mark?
03:18
Absolutely, and this is a great question and I'm happy to be here today with you.
03:23
What's interesting is you have dealers, of course,
03:26
who are dealing in luxury and super luxury automobiles,
03:30
exotic cars, hypercars, which I'm all very familiar with.
03:34
And when you say VIP, I believe that VIP means different things
03:38
to different people at different levels.
03:41
And so the first thing you need to know is who is your audience?
03:46
So I come from the marketing world and, of course, marketing and sales
03:49
being deeply connected.
03:50
The first thing is who is your audience?
03:53
You have to make sure that you have segmented your audience.
03:56
You know exactly who you're going after.
03:58
What is the demographic?
03:59
What is the household income?
04:01
What is the area or areas from the geographic standpoint that you're going after?
04:06
What is it that you're looking for in terms of the cars
04:09
that they're looking to purchase and from there really identifying
04:14
something that is going to be unique to that segment, unique to that demographic?
04:20
Because you have to remember, of course, there's a lot of competitors
04:23
out there, dealers, et cetera, manufacturers.
04:27
They're all vying for this small population.
04:31
And so you have to differentiate yourself.
04:33
And so if you're kind of leaning on kind of the same traditional things
04:37
that you've done in the past, well, you may be a little disappointed with the results.
04:42
And so you have to focus on how to differentiate to come up with something
04:46
that's actually unique, that's different.
04:48
So if you're Stan, if you're starting, a point is, hey, we're bringing
04:53
in cocktail tables and we're bringing in champagne.
04:56
And this is really great because we have the cars on display.
04:59
Sometimes that can be a little flat.
05:01
And I have seen that I've experienced that many times.
05:06
Folks who are, you're looking to contact and that you're looking to grow your
05:10
network with and you're looking to sell vehicles with now and as well as into the future.
05:17
Today, everyone again is vying for that same, that same population.
05:21
So you have to rise above the fold in terms of what you're doing.
05:25
And what I've seen most often in the marketplace is kind of the same thing.
05:30
You receive an email, looks good.
05:33
You're invited to do a test drive.
05:34
You're invited to go to a cocktail party and it's the same old thing again and again and again.
05:42
The way that you really stand out is to figure out what your audience is interested in.
05:47
Are they also an audience and is there a nearby body of water as an example
05:53
where you could do something with respect to a yacht?
05:55
So you're incorporating something that is at the level or perhaps even a higher
05:59
level than your demographics so that they're looking at this as something that
06:02
they're interested in doing and it's an activity as opposed to standing
06:07
around a cocktail table and having the same basic conversations that they're going
06:12
to do again and again and again.
06:15
Most people will get bored by that very quickly and they're going to turn off
06:19
to your dealership, they're going to turn off to your brand.
06:23
Oftentimes you'll look at associations and marketing.
06:26
If they're interested in a luxury or a high performance supercar,
06:30
a hypercar type of vehicle, they're probably interested in other things where
06:34
that you can integrate other brands.
06:36
Watches are a natural fit.
06:39
Anything to do with types racing, of course, like F1 as an example or Indy car
06:44
that you could integrate into your event or maybe you're having an event at
06:48
one of those locations in a suite at a booth or perhaps you're bringing a
06:54
vehicle, a driver or a combination thereof to your event to really spice
07:00
Now, of course, I'm talking about various things at different budget levels,
07:04
but when you're focusing on this audience, you know that you're going to
07:07
have to spend money to make money and that's key.
07:11
This is, there's a lot to unpack here.
07:13
I'm looking at my notes right out of the gates.
07:16
I mean, the poke, the poke in the eyes for me is, do you even know
07:23
And it sounds so crazy because I think to your point, you brought up
07:26
the manufacturers earlier, they do a lot of that heavy lifting for us.
07:30
They're doing the market research.
07:31
They're, you know, figuring out what vehicles they should be building
07:35
and who those vehicles are for.
07:36
They're spending gazillions of dollars.
07:39
Don't fact check the number on marketing budgets and things that nature.
07:44
But then I think when it delineates to the dealer body, some of that
07:48
gets lost in translation and to your point and to the question, right?
07:52
Why do these fall flat?
07:54
I love how you, you bring it back to a foundational piece.
07:58
Who's your audience?
08:00
Who are you trying to activate?
08:02
Um, you brought up different budgets and I'm curious about this
08:06
because it sounds like this is something, whether you're super
08:08
lux or a luxury brand.
08:10
And by the way, love the watch reference because I, I'm not going
08:13
to say I'm collector status yet, but I'm definitely a dial guy.
08:18
My wife sometimes will come into our bedroom on darts.
08:21
She'll be like, what are you watching on your iPad?
08:23
And I'll turn it around and that some guy assembling the watch.
08:28
I've been there too.
08:29
So it could be worse.
08:32
Um, but this sounds like, I mean, gosh, if you're a Jeep dealer to
08:37
have some sort of off-road fun, you know, activity, and I love
08:41
that you use the word activity.
08:44
So for the dealers listening in, what's a place that they can start?
08:47
Where do they need to be paid after they have an understanding of their
08:51
audience, then what does it look like to make sure that, that an
08:54
event they put on does not fall flat?
08:57
Well, I think you said it.
08:57
So first budget, what is it that you have available as far as your
09:01
budget is concerned?
09:03
How many, how many potential customers or existing customers are
09:06
you looking to entertain?
09:08
And then from there, you've got to do research and really identify
09:12
the types of events or activities that are available and that you can
09:15
connect with other companies to support and help you, or are you
09:19
creating something completely bespoke?
09:21
One area to look at, we mentioned watches, watches as well as
09:25
beverage brands to think about the brands that kind of revolve around
09:29
automotive and then figure out if you can also align with those other
09:32
brands to help support you in your needs, which also is a way to
09:36
offset your budget so that's not completely set up to be supported
09:40
by your individual dealership or dealership network.
09:44
Because those other brands, this is the same audience.
09:47
We talked about watches or whether it is boating or whether it is hospitality.
09:53
You know, there's kind of the basic tenants.
09:55
If you think about this type of lifestyle as far as cars are
09:58
concerned and we'll get to the Jeep reference as well, but it makes
10:02
sense is what are, what are, what are activities that this
10:06
audience is interested in?
10:07
And so they interested in travel are interested in adventure travel.
10:11
And can you set something up so that you're taking that
10:15
event and that activation to the next level?
10:18
So we mentioned racing.
10:20
We mentioned watches.
10:22
We mentioned hospitality, luxury vacations.
10:26
All of those things match up very, very well.
10:29
So in my time as I've been a member and also working to support
10:33
Fastlane Drive as far as brand partnerships are concerned, Fastlane
10:36
Drive is a 2000 member exclusive network across the world, 23 chapters,
10:41
one in Monaco, one in Paris, Tokyo and 20 in the US.
10:46
The reason that I bring that up is our audience is this luxury
10:50
super lux hypercar style audience.
10:53
And what fits well for them is exactly that it is experiences
11:00
that are something that they cannot attain in their daily life.
11:04
Because when we talk about competitors, it's not only the
11:08
automotive brands that you're competing with, but you're also
11:11
competing with other luxury brands that are also buying for the
11:13
same audience as time.
11:15
It is a small population that has the wherewithal and the funds
11:19
to be able to purchase these types of vehicles.
11:22
And so therefore you have a lot of brands buying for that same
11:26
timeframe and same, same mind space.
11:33
It's not that and tell me if I'm understanding this correctly.
11:38
It's not that they can't attain these things because they're in that
11:41
audience. It's that they can't attain it in their daily life.
11:45
It's it's outside the norm.
11:47
It's outside the routine.
11:48
It's there's a measure of novelty to this experience.
11:53
That's exactly right because it's about access as well.
11:56
So oftentimes if you are a high net worth or ultra high
11:59
net worth individual, you have access, but you don't
12:03
necessarily have the same type of access that can be
12:06
achieved through dealer, dealer network, as well as collaborating
12:10
with other brands, as I mentioned, kind of the F1 reference.
12:13
If you're bringing in someone from an F1 team, which would
12:16
really be at a top level, you know, oftentimes an individual
12:20
to have that access is going to be difficult for them
12:22
unless it revolves around a race.
12:24
Or are you bringing in folks from the manufacturer?
12:28
Those that are very interested in the automotive lifestyle
12:33
find it fascinating to speak with engineers,
12:35
to speak with designers face to face.
12:38
That is something that is amiss in most events
12:43
that I attend as far as automotive is it's really left up
12:46
to the dealer and the sales team, which have the best
12:48
intentions, which is great.
12:50
But at the same time, if they can call upon the engineers,
12:53
the designers and others that can speak to the to the
12:57
vehicle and how it was developed and how it was designed
13:00
with authority and interest and charisma, then you're
13:03
getting to that next level where again, the average, you
13:07
know, high net worth, ultra high net worth of digital still
13:10
does not have access to those folks.
13:12
And that can be something that can raise the game.
13:14
Because if you're bringing in a, let's say you're an
13:17
Aston Martin dealer and you're bringing in a designer
13:20
from Aston Martin or an engineer or part of that core
13:23
team, that's going to be of high interest to many of
13:27
those that might be attending your event.
13:28
And then you can use it to market because let's go
13:31
back to the to the foundation that we talked about a
13:34
second ago, you have to think about how are you marketing
13:37
this, you might be marketing in your dealership, you might
13:39
be marketing of the direct mail, you might be marketing
13:42
it through email and you might be marketing it through
13:44
social media, as long as you can target that audience.
13:47
But then what is going to bring that audience to
13:49
you, beautiful cars, possibly, but it's also people
13:54
and stories because automotive, the automotive world
13:58
is sold on storytelling.
14:00
And so you have to remember that as part of your
14:03
So bringing that audience in, serving them well so that
14:07
when they see your brand, no matter where they see it,
14:10
they're thinking about the experience that they had
14:13
that was truly unique.
14:15
I think it's interesting in preparation for our
14:18
It heightened my awareness of just how much the
14:23
associations are in play in day to day life.
14:26
For example, my wife works at an all women's gym.
14:30
She's a fitness trainer there.
14:31
But the owner of the gym also raises and trains horses.
14:37
So horse racing horses.
14:40
And so of course now I'm paying attention to horse racing
14:44
and I don't want to alienate this part of my
14:48
audience, but I don't get it yet.
14:52
But what I noticed is because I'm a watch guy, I
14:57
immediately noticed my favorite watch brand, which
15:01
is associated with horse racing, which is long
15:04
jeans, and I just love their watch.
15:07
They're not the most expensive.
15:08
They're not the cheapest.
15:09
They're they're kind of they're in they're in
15:13
Let's hit they're in Michael territory.
15:17
And I love the way they look.
15:18
And so I'm like, oh my gosh.
15:19
And you know, it's interesting what happened
15:22
I was like, do I like horse racing now?
15:25
Like, isn't it's a thing because I already liked
15:28
the thing I was familiar with.
15:31
And then I'm thinking about this, you know, there
15:34
are some dealers who do fork out a lot of money
15:39
to have maybe a celebrity affiliation.
15:43
Maybe it's the local sports team affiliation
15:45
or something like that.
15:47
But then to your point, I was like, you know,
15:48
if that's going to cost me like a hundred grand,
15:50
how cool would it be to put on an event instead of
15:53
having spending a hundred grand on a celebrity
15:55
to say 14 words, to like dial in, no pun intended,
16:00
to the watch crew and be like, hey, at our event,
16:04
we are giving away Longin, like our guests
16:09
at this thing will have will get a Longin
16:12
watch as a parting gift.
16:14
Yes, it's a hundred grand, but I get something to
16:18
I don't know, you got my brain moving here.
16:20
Yeah, no, it's a great point, because again, it's that offer.
16:23
Some you may have some folks that, you know,
16:26
when they show up to the dealership in the event,
16:27
you know, they think, great, I'm ready to buy a car,
16:29
but usually it's not all of them.
16:31
So there's got to be some connection point after that.
16:34
Having some type of tangible and interesting offer
16:37
to the audience is great.
16:39
It's also a great way to be able to collect
16:41
additional data, right, utilizing all the rules
16:43
and regulations and transparency so that you can
16:47
continue that conversation with them.
16:49
You know, you may have their email address
16:52
or their mailing address only, and that's how you
16:54
contacted them to invite them to the event.
16:56
But if they give you permission to be able
16:58
to utilize their mobile number or other
17:00
information that you can gather, you know,
17:02
which is kind of fairly standard when you're
17:04
doing offers, then that gives you additional
17:07
data that you can use to market to them
17:10
types of watches they like, as an example.
17:12
And so going back also to the experience
17:14
aspect is to your point with watches is, you
17:18
bring in, you and collaborate with the
17:21
with the watch company or specific boutique
17:23
that has multiple watch brands and they're
17:26
bringing in, you know, a master watchmaker,
17:28
which is going to help their business.
17:30
And obviously it's going to be interesting
17:32
and intriguing to your guests as well as your customers.
17:37
This is, I love this.
17:41
I love it because especially in such a
17:43
tech focused world where it's like, run Facebook ads,
17:47
run Google ads, this sort of a thing.
17:50
You can cut through the noise and be the one
17:55
dealership who stands out predicated on doing
17:58
something that that is out of the norm.
18:00
And I think this day and age from a human
18:02
connection perspective, people want something to do.
18:07
To your point about the experience, rich people,
18:09
poor people, middle class, but it doesn't
18:11
matter what your demographic is.
18:13
We all want something to do and we want
18:15
to connect with real human beings.
18:18
And I want to ask you this on that kind of sentiment
18:22
because you've brought up, I've heard you bring
18:24
up some unconventional venues on a yacht or, you
18:28
know, some sort of an experience or activity
18:30
that would really stand out for that target
18:32
audience where dealers sadly still are
18:36
challenged with this public perception of, you
18:41
know, gimmicks and, you know, those sorts of
18:44
things. What would you say to those that are
18:47
considering doing something like this so that it's
18:50
met with the right intention from their audience?
18:54
Well, again, it starts with knowing your audience
18:56
and being able to communicate and appeal to
18:59
them on a level that's of interest to them.
19:01
Right. So it has to be a match.
19:03
It has to be a match between the automotive
19:06
brand or brands that you're representing and
19:08
then the audience that you're looking to gather,
19:10
whether, again, that's existing customers and
19:12
you're looking potentially for additional sales
19:14
or retention or whether you're looking to bring
19:17
in new customers. The buzzword, of course,
19:19
is authentic. So it has to be something that
19:21
aligns with their interests.
19:23
If it aligns with their interests, they're
19:25
not going to see it as a gimmick. They're
19:26
going to see it as, wow, this automotive
19:30
dealership knows me and they know me
19:32
enough to invite me to something that I
19:34
have an interest in. That's a key piece
19:37
because people are often proud of the
19:40
vehicles that they drive and so they
19:42
want things to be able to support that,
19:47
you know, themselves being proud and
19:49
themselves looking at the brand as
19:51
really part of that because oftentimes,
19:54
especially in your higher end vehicles,
19:57
that persona that you have, the car
19:59
that you have, sometimes blends
20:01
together to a certain degree. If you
20:03
have a sports car or you have a
20:05
hypercar, you're obviously typically
20:07
interested not only in more of a
20:09
collectible style automobile, but then
20:12
you're also maybe interested in racing
20:14
and other things that go along with it.
20:16
So being able to reinforce why they
20:19
selected your brand or brands to begin
20:21
with is something that people find
20:24
important and they find interesting
20:27
and they will activate with you.
20:33
Hey, does your marketing agency suck?
20:36
Listen, before we hop back into this
20:37
episode, I know you know me as the host
20:39
of the Dealer Playbook, but did you
20:40
also know that I'm the CEO of Flex
20:43
Dealer, an agency that's helping
20:44
dealers capture better quality leads
20:46
from local SEO and hypertargeted ads
20:49
that convert. So if you want to sell
20:50
more cars and finally have a partner
20:52
that's in it with you that doesn't
20:54
suck, visit FlexDealer.com.
20:56
Let's hop back into this episode.
21:01
I don't think that we've, and this
21:02
is kind of ironic, a car dealer
21:05
podcast, cars, racing.
21:08
I've never talked so much about or said
21:10
the word racing as much as I
21:13
have on this episode.
21:14
And I want to ask you about that.
21:15
It's poignantly placed.
21:18
You brought up IndyCar earlier.
21:21
You've said that sports
21:23
sponsorships can galvanize new
21:24
markets. And so I'm curious
21:27
what some of the takeaways, let's
21:29
say from Formula One and pro sports
21:30
activations translate directly
21:33
to a showroom when crafting
21:34
a luxury client experience.
21:38
So it's it's about the imagery
21:41
and it's about the experience.
21:43
So if you're looking to align
21:46
the two, you have to look at what
21:48
are you bringing into the
21:50
dealership or the dealership
21:51
experience again digitally as well
21:53
as physically to be able
21:55
to, you know, evoke
21:57
that type of emotion.
21:59
Or as we've talked about
22:00
experiences bringing, let's say
22:02
your top clientele to the track
22:04
or potentially even having a track
22:05
day, which I do see some dealers
22:08
doing, which I think is a great
22:09
idea and works really well.
22:11
Because again, it's an activity
22:13
you're getting people out into
22:14
the mix and they're doing
22:16
something again, they can't
22:17
typically do each day and is
22:19
very exciting for them.
22:22
And to a degree, that kind of
22:24
One one piece you have to
22:26
obviously keep in mind of whether
22:28
or not it is professional sports
22:29
or F1 as part of professional
22:31
sports is, you know, there's
22:32
obviously budgets to that as well.
22:35
So if you're expending dollars,
22:37
you want dollars back.
22:38
So the data capture piece and the
22:41
And that's also where I see a lot
22:42
of automotive manufacturers, as
22:44
well as dealerships fall down
22:46
The follow up is key because
22:48
you know as a dealership
22:50
that oftentimes that sales
22:51
cycle can be very long.
22:53
So what are you doing
22:55
on a consistent basis to
22:56
communicate with that
22:58
audience about something that
22:59
they're interested in, not
23:00
just sales, not just your latest
23:02
lease deals, but different
23:04
different types of experiences,
23:05
different types of subject matter
23:07
that they're interested in, you
23:08
know, that you're branding as
23:09
part of your email or as
23:11
part of your website or as part
23:13
of direct mail or as part of
23:15
any other marketing medium that
23:16
you're doing is important to
23:20
You talk about plan.
23:23
Tell me if I got this quote
23:24
right, plan, plan, plan,
23:27
then data, data, data.
23:29
Yeah, that's from a previous
23:31
show, but you're you're spot on
23:32
there. So if you don't have
23:34
a plan, things are typically
23:36
not going to end up really well.
23:37
So you've got to literally
23:38
create a marketing plan
23:41
and you also have to allow
23:43
for the budget towards
23:45
the things that you believe
23:46
will work really well based on
23:48
the research and based on the
23:49
data that you have and based
23:51
on working either with the
23:52
manufacturer or other dealerships.
23:54
But then also you need to have
23:58
needs to incorporate both those
24:00
that are kind of strongholds in
24:02
terms of being able to bring in
24:03
business and retention
24:05
and those that you need to test
24:09
plan as well as that testing
24:13
in nowadays is easier
24:15
than it used to be in the past.
24:17
But with additional data comes
24:19
additional complexities.
24:21
So the first thing is you have
24:22
to make sure that you're
24:24
so that when you're planning
24:26
and how you're going to utilize
24:27
that data to market and then
24:28
follow up and then obviously
24:31
go down the entire funnel.
24:33
It's very clear exactly
24:34
what you're looking for as far
24:36
as success metrics are
24:38
And then as you're testing
24:39
what's working what's not
24:41
what's working perhaps you
24:42
double down on that as far as a
24:43
budget is concerned and perhaps
24:45
you back off from what's not
24:46
working. You look at it
24:47
revisit it figure out what
24:49
you need to tweak and then
24:53
is quite frankly it's all it
24:56
That is the sales piece within
24:58
marketing is all part of it.
24:59
But you've got to start off with
25:02
I love that it's it's like you
25:06
acknowledging this thing that I
25:07
don't think a lot of people
25:08
who do marketing are comfortable
25:12
Account for failing in some degree
25:14
like what is the experiment if
25:16
not identifying the
25:17
failure point and then trying
25:20
And so I love that you're
25:21
you're approaching it from that
25:23
angle because it's like we can
25:27
and look at the data but we do
25:28
have to pass through this testing
25:30
phase to really know how it's
25:32
going to land and then the data
25:34
that comes out of that gives
25:37
insight to to work with.
25:39
And like you said I love that
25:41
you touch on this because I
25:42
mean gosh we're this is the
25:43
automotive industry
25:45
so that there's a positive ROI
25:47
on the backside of this like
25:50
wants to really engage in
25:51
anything now just to test or
25:55
brand if they can't
25:58
So I'm curious if you're to
26:00
when you're looking at all of
26:01
this data what are some of the
26:03
key indicators you're looking
26:04
forward to to understand
26:08
I mean aside from money because
26:09
that's the easy thing.
26:10
Oh look we met but like what are
26:12
what are some milestone markers
26:14
I guess along the way to know
26:15
yes this test is going to bear
26:18
Sure. And you know these are
26:19
the things that top brands who
26:21
are successful do all the time
26:23
but if you're a smaller brand of
26:25
your individual dealership or
26:26
you're a group of dealerships you
26:28
can do this you can do this same
26:29
thing and it starts off
26:31
with it's a pre-mortem.
26:33
So you have to identify
26:35
what are the reasons that this
26:36
campaign that this activity
26:39
that this experience that this
26:42
That's important not a post-mortem
26:44
sure we can do that and figure
26:45
it out but let's do a pre-mortem
26:48
and identify all the reasons
26:49
that something could go wrong
26:51
which simply there's a lot.
26:52
If you're identifying them and
26:54
then figure out how you how you're
26:56
able to identify and figure
26:58
out how to make sure that that
27:00
doesn't happen as best as
27:01
possible you're going to probably
27:03
eliminate a lot of those
27:06
So as opposed to kind of a hope
27:07
and pray mentality really is
27:09
your planning you're planning
27:11
it into the additional
27:14
point you know that you made
27:15
is one a simple example
27:17
is email marketing.
27:19
So with email marketing there's
27:20
some key pieces that you need
27:22
to look at. So first off you
27:23
need to make sure that you have
27:25
clean data and you have to make
27:27
sure that all the email
27:28
addresses that you have are
27:31
There are some relatively
27:32
inexpensive tools that you can
27:34
use in order to identify
27:37
is your email list clean or
27:39
is it a bunch of junk because
27:41
if you've got 100,000 emails
27:43
and 90,000 of them are not
27:46
going through because they're
27:47
old outdated or whatever
27:49
the case the value of that
27:51
list is dramatically less.
27:54
So you have to look at we talked
27:55
about data, data, data you have
27:57
to look at that email address
27:59
that list of email addresses
28:00
figure out what are actually
28:01
clean email addresses.
28:03
Once you have that list there's
28:05
So let's say that you have a
28:07
thousand email addresses.
28:09
And once you send out that
28:12
what is happening with that
28:14
email what is the actual
28:15
open rate you need to be able
28:17
to track open rate.
28:18
I've seen this not too long
28:19
ago in various businesses
28:21
where they're having trouble
28:22
even tracking the open rate,
28:23
which is just inexcusable in
28:25
today's world with today's
28:27
That was maybe something 25
28:29
You have to be able to track
28:30
open rate and you also have
28:32
to be able to track click to
28:33
open rate. These are the
28:37
and then how many clicked to
28:39
perform an action and if you
28:40
don't have a click option
28:42
within your email you're
28:42
missing out on a ton because
28:44
that's your first conversion
28:45
action all the way through
28:47
the funnel with in this
28:48
case the email funnel.
28:50
So open rate, click to open
28:52
rate and then what actually
28:53
happened after they clicked
28:55
did they land on a landing page.
28:56
Can you track that landing page?
28:58
Did they complete a form?
29:00
Can you track the completion of
29:01
that form to the thank you
29:03
page? And then from there is
29:05
that information ingested in
29:06
some type of CRM at
29:08
your dealership to be able
29:09
to then track it to an actual
29:12
So those are the basics
29:14
I would say as far as data is
29:16
concerned but you see misses
29:18
along the way in various
29:21
companies and dealerships and
29:22
this is what you cannot have
29:25
You have to have folks who
29:26
understand marketing.
29:27
You have to have folks who are
29:29
comfortable with data need
29:30
to have the right people in
29:34
Speaking of people.
29:39
crazed bubble right now
29:41
and I want to talk to you a
29:41
little bit about this.
29:47
the the ecosystem of what we're
29:49
talking about now and where do
29:51
you see it going in the future
29:52
as as the popularization
29:57
So let's talk about
29:58
generative AI to begin with
30:00
and oftentimes that is used
30:02
for content development content
30:04
ideation as well as design.
30:06
So first off if you've got
30:08
a marketing team even it's a
30:09
small marketing team you need
30:11
to identify what do you what
30:13
do you mean by AI and
30:15
then how can it fit into the
30:17
workflow that you already have
30:21
assist the team that you have to
30:22
be able to do more be able to do
30:24
more accurately and be able to
30:26
do more quickly so they have
30:28
the efficiency game fitting it
30:29
into the workflow they have now
30:31
or adjusting the workflow so
30:32
that it makes more sense in the
30:34
AI world and then with Gen AI
30:36
utilizing tools and being able
30:38
to test those tools so that
30:40
you can come up with content
30:41
content that's unique that
30:43
you check that you fact check
30:45
it's not a copy and paste
30:46
situation you will make some
30:48
very very dire errors if
30:50
you're doing copy and paste as
30:51
far as generative AI is
30:52
concerned whether utilizing a
30:54
paid version of chat GPT or
30:56
Claude or other tools.
30:57
These tools are very handy
30:59
but you have to use them in
31:01
If you're looking one way to
31:03
do that is ideation
31:04
ideation as far as campaign
31:06
ideas but you have to give
31:07
and you have to feed the AI
31:09
engine a ton of information.
31:10
If you're just simply looking
31:12
for ideas that you can copy
31:14
and paste well likely you're
31:16
going to have some other
31:17
beginners on that level doing
31:18
the same thing and you're
31:20
going to come out with stuff
31:21
that's very very cookie
31:24
I cannot emphasize that enough
31:25
that it's AI has moved so
31:27
quickly especially the Gen
31:29
AI side on content the
31:31
written word if you will as
31:32
part of that content that
31:34
people will spot content
31:36
and be able to identify if
31:42
So it's critical that
31:44
if you're using it you're
31:46
using it in the right way and
31:48
you're using it in your fact
31:49
checking and you're making sure
31:50
that it is not copy and paste
31:52
and you're coming up with
31:53
original ideas that can be
31:55
enhanced as well as research
31:57
by AI and when you're doing
31:59
research as far as AI is
32:00
concerned and you're doing a
32:01
prompt because really it's
32:03
all about prompts as far as
32:05
Gen AI is concerned one of
32:07
those prompts should be
32:09
providing you with the sources
32:11
of the information that the
32:13
prompt is getting is
32:15
gathering and so that AI is
32:17
providing back to you the
32:19
sources you're asking for
32:20
credible sources and you're
32:21
not only asking for sources
32:23
but you're asking for linked
32:25
Many of us including myself
32:27
when you're doing research
32:28
or content ideation and you're
32:30
asking for those sources
32:32
legitimate sources etc.
32:34
Fine that when you receive
32:35
links sometimes they don't go
32:36
anywhere or sometimes you end
32:38
up with information that is
32:39
completely incorrect and those
32:41
are what's called an AI
32:42
hallucination and this may
32:44
not be new for some of your
32:46
audience and for some of your
32:47
audience it may be new but
32:49
it's not just as simple as
32:51
saying hey chat GPT I want to
32:53
make reservations at a great
32:54
Italian restaurant this is
32:56
much deeper this is a way
32:57
where you can actually use
32:59
you can utilize AI to help
33:01
be a research assistant help
33:06
sounding board as well
33:08
and so doing the homework
33:10
on AI taking courses
33:12
online as far as generative
33:14
AI will help tremendously
33:17
what we use AI in the past
33:19
is being able to take a look
33:21
and be able to create models
33:23
so propensity models in terms
33:28
is person a versus person
33:31
be going to purchase
33:33
whatever it is whether it is
33:35
financial services and a loan
33:37
or whether it is an automobile
33:39
and I believe there are
33:41
resources now available in
33:43
the automotive industry to do
33:45
just that but when you're
33:46
talking to various providers
33:48
one thing to always keep
33:50
in mind is there's a lot of
33:52
what I call paperware right
33:54
there's a lot of promises
33:56
made that cannot necessarily
33:58
be fulfilled so you got to
34:00
take everything with a grain
34:02
assault but first and foremost
34:04
is to understand the technology
34:08
paperware in all caps
34:12
I love that I didn't indent
34:14
that word but I used it
34:16
anytime I love it and
34:18
and I mean this is so good
34:20
I mean some of the notes right
34:22
that I'm thinking about as
34:24
or writing as you're as you're
34:26
sharing your wisdom with us is
34:28
most people are probably
34:30
not understanding how much
34:32
information you actually have to
34:34
feed into a prompt to get
34:36
a better response back
34:38
and and it's actually quite
34:40
tremendous it's if you don't
34:42
know how to write you better
34:44
start learning because you're
34:46
going to have to lengthen and
34:48
deepen the the prompt that
34:50
you're giving AI so I think
34:52
that's a huge call out and I
34:54
love you know bringing up the
34:56
where you do get a link and it's
34:58
a broken link that goes to
35:02
what worries me about
35:04
it is how many people in a
35:06
professional setting especially
35:08
are maybe planning on putting
35:10
something on utilizing it
35:14
or you know a first
35:16
draft of something and they're
35:18
asking for sources but they're
35:20
not checking the work
35:22
that's a killer for sure
35:24
I mean it starts off with
35:26
understanding what you what exactly
35:28
you're using and if you're not
35:30
understanding it and then I would
35:34
with GPT though because it
35:36
single-handedly destroyed the
35:38
m-dash from my writing
35:46
writers right often utilize the
35:48
m-dash but which had GPT
35:52
tremendously over uses it
35:54
okay I've got one one final question
36:00
brought up or we talked a little bit
36:02
about fast lane drive and the
36:04
expanse of that community
36:06
they have something
36:08
correct me if I'm wrong the J
36:10
a fast lane to success
36:12
kind of a philanthropic
36:16
the community and I know a lot
36:18
of dealers we could go to any of
36:20
our investments are investing deeply in communities
36:22
but when when we talk
36:24
to them it's kind of like yeah we
36:26
sponsored something and that's
36:28
as far as it went but
36:30
you know we see this as a brand
36:34
and whatnot tell me a little bit
36:36
of more about how we can be
36:38
more intentional more meaningful
36:40
in the philanthropy especially
36:42
when many dealerships
36:44
are the flagship business
36:46
in the community that they live
36:48
or reside. Yeah what an excellent
36:50
question and philanthropy is dear
36:52
dear to my heart so I'm on the
36:54
board of junior achievement
36:56
in my local area across
36:58
a couple of counties in Southern California
37:00
and so what we did with fast lane drive
37:02
and specifically in Orange County California
37:04
as part of that chapter is we teamed
37:06
up with junior achievement
37:08
which if some of your listeners are
37:10
not aware junior achievement is a national
37:12
organization it has 99 chapters
37:14
there's also an international portion as well
37:16
and it focuses and has been
37:18
focused for the last hundred years
37:20
on financial education
37:22
career readiness and entrepreneurship
37:26
that matches up well I believe with
37:30
individuals of those three things so
37:32
it's one of many obviously nonprofits
37:34
it's something that I see
37:38
students which is a big piece
37:40
in terms of my focus
37:42
to your point there are a
37:44
lot of businesses out there who do
37:46
a great amount of work in terms
37:48
of supporting monetarily a
37:50
nonprofit and they get a logo
37:52
where they get a write up
37:54
but what you need to look at is again
37:56
is how can you utilize those
37:58
dollars better so not only
38:00
is it going to help the nonprofit more
38:02
but it's also going to be reflective of
38:04
your stature in the community
38:06
and what you're doing to help the community
38:10
talk a lot about this is that
38:14
small or large dollars to get
38:16
a logo on something but if somebody
38:18
just sees a logo they're going to pass
38:20
right by it you have to have an entire
38:22
plan and it doesn't need
38:24
to be complicated about
38:26
the purpose of you investing dollars
38:28
into various types of sponsorships
38:30
whether it is nonprofit or
38:32
whether it is a sports sponsorship
38:34
with a nonprofit piece
38:36
to your point with dealerships being
38:38
an important part of the community
38:40
that's key is does the nonprofit
38:42
align with what your values are
38:44
how is the nonprofit also going to
38:46
help to market the support
38:48
that you've given I mean it is a two
38:50
way street you're obviously doing this for philanthropic
38:52
purposes but you're also trying
38:54
to make sure that your name gets out
38:56
there and that your name is associated
38:58
with a nonprofit that is supportive
39:00
of the community and of
39:02
areas of the community that are important
39:04
to the community as well
39:06
and sometimes those are smaller nonprofits
39:08
who sometimes are a little bit more nimble
39:10
and can do more things or
39:12
those that have a local chapter like a junior
39:14
achievement you have some nonprofits
39:16
that are very national in nature
39:18
and can help you on a national level
39:20
but may not be able to help you as much as far as local
39:22
is concerned and that's where I see the difference
39:24
as far as dealerships are concerned is
39:26
you know oftentimes they are very local
39:28
or they're regional and so focusing
39:32
help them in those local or regional
39:34
areas is key and then also obviously
39:36
can reflect on them as best as possible
39:38
across various types
39:40
of marketing medium
39:42
and communications on a regular basis
39:46
that's powerful I love
39:48
it's because you're right
39:50
it's really a logo at this point
39:52
for many many dealerships
39:56
this idea of okay how can we integrate
39:58
man I feel like if I was in that
40:02
somebody on my staff would be specifically
40:06
and have a stewardship for the
40:08
philanthropy side of it because I mean
40:10
to me and this is stuff
40:12
we love talking about on the show
40:14
what's the point in doing
40:16
any of this if we can't
40:18
elevate and lift and help somebody else
40:22
I feel like if it's only about
40:24
putting stash in what are we going to do
40:26
we're going to stash
40:28
wads of cash in the walls like
40:32
like what are we actually doing
40:34
any of this for I think
40:36
the greatest joy in fulfillment
40:44
and then after its achievement
40:46
helping somebody else achieve their goal
40:48
or helping them find clarity
40:50
on their goal I couldn't agree more
40:52
and that's the student
40:54
aspect is why that's so important to me
40:56
because students you know they they haven't
40:58
yet become adults right they haven't
41:00
yet experienced the world as many as
41:02
many of us have and so
41:04
to be able to give them
41:06
important information share knowledge
41:08
with them and then also to to receive
41:10
knowledge from the students
41:14
important and so that's an
41:16
aspect that we took in
41:18
a fast lane drive in Orange County
41:20
and so I'll tell you a little bit about how this worked
41:22
and may help your audience as well
41:24
and so we combined efforts with not only
41:26
fast lane drive in Orange County
41:28
but we also did that with
41:32
achievement and then also
41:34
Marconi Auto Museum so it was kind of a
41:36
perfect blend of the
41:38
perfect synergy so we had students
41:40
from three high schools over a hundred students
41:44
essentially a workshop at Marconi
41:46
Auto Museum in Tustin, California
41:48
the Marconi Auto Museum if you could
41:50
imagine has probably
41:52
over a hundred cars
41:54
Ferraris Lamborghinis race
41:56
cars, amazing motorcycles
41:58
and they do this type of work to help their
42:00
community and so we talked about
42:02
what is the process of buying a car
42:04
leasing versus buying, financing
42:06
what are the things you need to understand
42:08
when you're talking to a dealer
42:10
you're going into a dealership and this is
42:12
for high school students some of which
42:14
and most of which hadn't purchased their
42:16
first car yet maybe some of them have
42:18
but this is the type of key information
42:20
that's helpful for them to understand
42:24
did that with our Fastlane Drive members
42:26
who are majority entrepreneurs
42:28
successful entrepreneurs who have their own
42:30
business or multiple businesses you know
42:32
often times like dealers as well
42:34
and they talked about their own experience
42:36
their own experience as far as education is
42:38
concerned, their own experience as far as business
42:40
is concerned and the audience
42:42
were students, these were students anywhere
42:44
between ninth grade and twelfth grade
42:46
and they were super interested
42:48
and they were interested because
42:52
exotic cars got them interested
42:54
but what held them there were the stories
42:58
and Marconi and Junior Achievement were able
43:06
I've taken so many notes today
43:08
you've got my mind moving
43:10
I love it that's what makes this all
43:12
worth it what makes it meaningful
43:18
of light in their eyes as they get
43:20
it and they see the bigger picture of what's
43:22
possible I think it's such powerful stuff
43:24
I can't thank you enough for joining me on the
43:26
show today how can those
43:28
listening or watching connect with you
43:30
absolutely and it's been it's been a wonderful
43:32
show so I really appreciate being invited to
43:34
today's episode and to
43:36
find me ideally is on LinkedIn
43:38
so if you put in Andar
43:40
Tarlo you will find me on LinkedIn
43:42
feel free to DM me I'm always available
43:44
to answer questions be
43:46
able to ideate and share experiences
43:48
with those that are interested
43:50
Andar Tarlo thanks for
43:52
joining me on the dealer playbook podcast
43:56
hey thanks for listening to the dealer playbook podcast
43:58
if you enjoyed tuning in please
44:00
subscribe share and hit that like button
44:02
you can also join us and the
44:04
dpb community on social media
44:06
check back next week for a new dealer
44:08
playbook episode thanks so much for joining