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Facebook and the car purchasing funnel

Facebook is essential to building awareness about your dealership but knowing where it fits into the car-purchasing funnel is the key to successful lead generation for your company. This lesson was recently driven home for Jumpstart Automotive Group, an online solutions partner for advertisers and publishers in the automotive industry. Jumpstart, a division of Hearst Magazine, recently decided to change the way they use Facebook in their marketing strategy. After spending millions of dollars on Facebook display ads for their clients, the company decided to shift the advertising dollars toward the development of premium content, external online advertising, and event promotion and integrate it with their clients’ free Facebook business pages. The goal was to engage potential buyers in the Facebook environment with provocative, informative content, encourage user feedback and nurture a social realtionship. To get the car buyers, you must be where they are, and these considerations can help those in the automotive industry get there.

  • Raise Awareness with Facebook.

  • Nick Matarazzo, Jumpstart’s CEO, recommends integrated marketing campaigns that include social media, but emphasizes the focus on development of the marketing content on your website, while using Facebook to build your brand and attract followers or a fan base. Similar to window shopping, Facebook provides consumers with a first glimpse of a company  or product and sets into motion the awareness process which is at the top of the purchasing funnel. Use Facebook to grab attention and lead consumers back to your website for more information.

  • Build Relationships Locally.

    Today’s savvy consumers want to comparison shop, and know the price and vehicle specifications before making a car purchase. Eighty percent of those who include the internet in their car-shopping process eventually turn to a third-party website before they make a purchase. But just having a third-party site for validation is not enough; the site must be rich with valuable information and effective marketing and be able to convert the shopper into a buyer during this critical stage of the purchasing funnel.

  • Generate Buzz with Facebook.

    Facebook is effective for creating the buzz that can lead excited consumers to your website and generate activity in the interest and conversion phase of the buying funnel. In 2010, Ford Motors launched a one-day Facebook-only advertising promotion using display ads with the familiar “like” button to introduce the new 2011 Ford Explorer. The ad buy was designed to reach more than 50 million Facebook users and led to a 104 percent increase in consumer information searches for the vehicle and more than 30,000 Facebook likes. By targeting only Facebook users, Ford made them feel special and invited then to participate in an exclusive online event.

With all of the buzz about social media and the targeted advertising that Facebook offers, dealerships that recognize how to use Facebook in their current  sales cycle will benefit the most from this dynamic marketing channel. It’s clear that the conversation that takes place on Facebook is important to the car-buying decision but it’s at the top of the purchasing funnel. To get the most out of their marketing dollars, dealers need to re-evaluate their current ad spending and strategies with Facebook and focus on their external advertising channels and third-party websites that have more impact on the purchasing decision. Car dealers should also take advantage of the free Facebook business pages and develop content there as well as on their own websites.  Now more than ever, it’s critically important that your website content be aligned with all of your promotional and social activities and carry the right marketing message to convert an inquiry to a contact or sale.

 

Resource:

Facebook Marketing Advice from Jumpstart Automotive Group