The BDEX edge for automotive dealers and other businesses is its Data Exchange Platform, which is a data nexus that gathers billions of real-time data points. The platform puts the identity and behavior data of individual shoppers – potential car buyers already in the sales cycle – into the hands of automotive marketers in time to reach them before they make a final buying decision.
This means dealers aren’t wasting time and money trying to pull new customers into the sales cycle, they’re reaching out to potential buyers who are already there. It’s all thanks to BDEX Omnisource IQ, which identifies consumers who are in the market and actively looking.
Behind the smiling faces in every auto dealership, there lurks a deep pain that saps the very lifeblood of the organization. It is the enduring angst – felt down to the bottom line – of marketing overspend. Sure, they don’t run ads in the daily newspapers anymore. That was an advertising-spend boondoggle whose time is past.
However, now there is the pay-per-click lottery – pay $1,000 for 100 clicks on Facebook, of which maybe five come from people who may buy/consider/look at a vehicle in the next year or so. The clicks keep coming in, and the advertiser keeps paying for them and taking the time to respond to them, with a very minimal return on investment. However, they ask, what else are they supposed to do?
Businesses are collecting ever more data from potential consumers these days. However, in this avalanche of information, one salient fact is lost among the mountains of email addresses, tweets, and Facebook likes: Few know what to do with it beyond the most obvious of applications.
Most of these uses, by their very nature, just scratch the surface. There is so much more to glean from this accumulation of information on consumer activity, which covers the landscape like a snowfall that will never melt. At BDEX, this is what we do.
A world where a Facebook click or an Instagram like is just the beginning
For all the spend and effort that goes into earning what is just a data point from social media (or a new email in the company’s mailing list) – the fact is, that single data point is just the start of a journey. To make full use of BDEX’s mind-boggling collection of data, advertisers need a place to start, and that’s where their social data and mailing list come in.
Let’s say a company has 10,000 people on its mailing list. Those 10,000 addresses can be whittled down by additional data points, and each one narrows the list until it consists of folks actively shopping for a new car.
How is that possible? By connecting data points, we see that 5,000 people on the list visited an auto website in the last 30 days. The superimposition of another data set narrows that number down to 1,500 of those 5,000 who also have a vehicle lease expiring in the next 30 days. Layer on a final data set – geolocation data showing how many of these potentials visited a competing auto dealer in the last two weeks – and we’ve identified 437 people who are actively shopping for a car.
That will enable the company to send fewer than 500 mailers to genuinely qualified prospects and save the money it would have spent on mailing an additional 9,500 pieces to people who, according to all evidence, aren’t looking to invest in a new or used vehicle just yet.
There’s no virtue in living with unnecessary pain, and even less to be found in spending more money chasing inferior results. Let us at BDEX show you how you can master the use of your data to make your marketing efforts better-targeted, more productive, and capable of generating real foot traffic. You’ll see the direct results in fast-moving inventory, impressive sales results, and happy sales staff.
BDEX is committed to helping businesses make better use of their data resources. Call 917-410-6616 or contact us at our website today and learn how marketing solutions from BDEX can help you reach out to buyers ready to deal.