To thrive in a highly competitive market, dealers need to continually create new value for customers and prospects. Here are a few tips to help you with it.
1.
Know customer preferences
Try to think like your customers.
While having customer conversations, listen attentively to know what matters
most to them. Once you have a better understanding of their latest preferences,
it will be easier to tailor customer experiences and provide better value than
the competition.
2.
Improve your customer experience
One of the prime reasons why
customers leave is less than ideal experiences at the dealership. This is why understanding
their expectations is essential to gain customer loyalty.
Remember, dealerships that focus on
delivering memorable customer experiences are likely to receive more positive
reviews, word-of-mouth referrals, and higher retention rates.
3.
Publish useful content
By sharing valuable content, you can
build trust with your leads and customers. Create informative content like case
studies, infographics, articles, how-to videos, podcasts, etc. and share them
via email, social media, or your dealership website to keep your customers
engaged.
The more value you provide with your
content, the easier it becomes for you to gain customer trust and loyalty.
4. Reward loyal customers
Just because a customer is loyal to
your dealership doesn’t mean that you can’t put in an effort to expand their
customer value. Using loyalty programs to provide additional benefits can
generate even more value for these customers.
In fact, 73% of consumers are likely to
recommend dealerships with loyalty programs, and 66% of them are ready to spend
more to keep enjoying these benefits.
5.
Gather customer feedback
Share customer success stories to
showcase the value of your products/services and make your dealership look more
trustworthy. Ask for customer reviews via email, phone calls, and social media
after every successful transaction. Not only will this help you to gather
valuable insights, but also make your customers feel appreciated.
6.
Host contests or giveaways
Contests are arguably one of the
most cost-effective marketing tools. They are super easy to host and can
encourage audiences to interact with your dealer brand and increase user
engagement.
You can use social media, email, or
your website to host a contest or giveaways.