In August of 2009, Vital Software's Sales Director, Meredith H.
Bushell, was invited to present at the Australian Automotive
Dealers Association conference. Based on 12 years of marketing,
database, and CRM experience, Meredith's presentation focused on
the importance of customer databases, and the power of marketing
within a business's local or Prime Market Area (PMA). The
presentation drew parallels between a dealership's heart - it's
customers - and one's physical heart.
Much like the human heart keeps your body alive, customers keep
your business alive. We all know the benefits of a healthy heart
and the side effects of an unhealthy heart. And just as a medical
doctor would follow a procedure for an un-healthy human heart, a
specialist should be engaged for your business heart. Examination,
diagnosis, exercises and a prescription are all part of the
solution.
Are you marketing to your customers with "one size fits all" or do
you know enough about your customers to be more specific? Are you
capturing email addresses, phone numbers and correct address
details?
After examining a number of metropolitan and regional automotive
dealerships in Australia we data-mined the information available to
reveal some interesting information
• In-PMA customers are 3 times more profitable
• 85% of customers are missing email addresses
• 35% of customers are missing mobile phone numbers
• 42% of customer have incomplete address details
• 15% of customers had moved and the dealership didn't know
• 9% of customers had incomplete name information
Neglecting the heart of your business is the equivalent of smoking
too much, drinking too much, eating too much of the wrong foods and
not exercising. Turning the corner towards a healthy alternative is
a life-long process, not a quick fix. Educating customer facing
staff to capture the correct information at every customer touch
point is a great start. Better still is taking a proactive approach
and engage in dialogue with your customers to update information.
Engaging the experts at Vital Software to cleanse the data is an
excellent step and will ensure your database is well on the way to
optimum health.
As with all good exercise programmes,
repetition, consistency and understanding become key success
elements. When you put all this together and engage in meaningful
dialogue with your customers you avoid the "slow death" that heart
disease can sometimes be. Communication becomes specific, marketing
dollars are channelled to more profitable programmes and realising
maximum yield from PMA customers is established. All contributing
to the health of your business.
For more information on data diagnostics and the heart of your
business contact Vital Software.