Wednesday, August 12, 2015

Automotive Dealer's Print Advertising Generated More Contacts Online

Automotive dealers primarily advertise to sell cars and build brand awareness. Print publications have always met both desired marketing objectives but measuring the impact print has on selling cars has become complicated. This is due to the internet drastically changing the purchase funnel for shoppers.

The challenge for a publisher is showing a print ad was a catalyst for a purchase. The buyer has a variety of routes and sources of information. We have listed below normal routes.

  • directly call the dealership
  • go to the dealership’s physical location
  • go to the dealership's website
  • go to the print publication’s website
  • search Google for the car they saw in the print ad

The option that precedes the actual contact of the dealer is never clear. According to C+R Research, Digital Influence in Automotive 2014, today’s shopper is influenced by 6-7 sources with 3 normally being online sources.

We have given a considerable amount of time trying to track and evaluate results auto dealers receive from our print and website products. Earlier this year, we had a auto dealer increase his spending over 2x the amount he had previously been spending in print. He also reverted back after this increase period to his previous spending level. This large increase in spending and then decrease gave us the perfect data to analyze. We analyzed four different time periods to chart the correlation between the increase in spending and contacts made to the dealer through our website. Our website’s url was not in the dealer’s print ads. This means our website arguably could have been the lowest source of contacts and definitely not the main source. The dealer’s print ads were predominantly full pages. The line charts below show this correlation. The number of contacts increased as spending increased and as the spending decreased the contacts decreased.







Our allySites software can give your company the ability to automatically import auto dealer inventories onto your website. We can build you a vertical automotive website or a horizontal marketplace with a variety of categories.

written by Will Thomas    will@exchange-inc.com    931-433-9737


ABOUT C+R RESEARCH C+R Research is a consumer and market insights firm. For more than 50 years, the company has provided its clients with insights on the thinking behind consumer behavior in a variety of industries, including consumer packaged goods, financial services and retail.

Monday, August 10, 2015

How to create a local Craigslist classified ads website and markeplace?

We started developing software in 2010 for our first classified ad website. We knew the look and features we wanted, but didn’t know anyone that could develop the website for us. So we turned to Elance.com and that lead to our first lesson in programming and development of a marketplace website. Elance is a great platform to help you outsource work, but our project turned into a $12,000 mistake. We worked for nine months developing our website only to end with a website that didn’t function properly and never reached the desired functions we had set out to build. Because of this mistake, we decided to build our own team we could fully trust. We turned to developers who had worked on other projects for us and our current journey began.


You can take two different paths to build your own classified ads website that can act like a Craigslist and AutoTrader for your local area. The first path is developing your own software. The second path is to use software like ours to accomplish your goal of building a marketplace for your town. The latter is the best option for numerous reasons for the overwhelming majority of people and media companies. The first path of developing your own software requires an annual six figure expense commitment and in-depth knowledge of website development. It will take several years before you even start to feel like you are making progress. We might not have taken the first path if we could have seen the future. However, today we have no regrets because our software powers two of our own classified ad websites and websites for other publishers.


We developed our allySites classified ad software to power both vertical and horizontal websites. Vertical websites focus on one type of category such as our used and new equipment website www.FarmersExchange.com. A horizontal website offers a variety of categories like Craigslist. Another example of a vertical vs horizontal website would be Amazon, which is a horizontal marketplace, compared to vertical marketplace focused on animals like Pets.com.


The first step toward success for your marketplace is building content. The majority of marketplace websites fail because they never reach liquidity. The term liquidity in this arena means when a marketplace reaches the minimum amount of buyers and sellers to create a reasonable chance of a transaction taking place. Keep in mind that liquidity is not about user growth but content growth.


A great way to build liquidity is using the auto category on your website. You might have wondered before how AutoTrader or Cars.com are able to obtain all those listings. They do this through software like ours that can accept inventory feeds from vendors who provide automotive dealers inventory management tools. The market of vendors providing inventory management software to dealers is fragmented across the country, which can cause problems developing your website. Our software solves this problem because we have already established relationships with data vendors. Our established relationships simplifies the process for you to start receiving dealer inventory feeds from your local auto dealers. This also enables you to build content quickly on your classified ads website. As of this morning, we had over 3,900 automotive listings on our horizontal marketplace, Exchange931.com. This horizontal website serves a 50-mile market radius.


Monitoring and curation of content is the second critical step to building a successful marketplace. This step is not hard to accomplish, on a local market level, and is critical to distinguish your website from national competition. We monitor every ad placed through email receipts and an account verification process. It takes a few seconds to glance at placement receipts when an ad is placed. This task can be split between different people on your team or you can assign one champion to this step. We have tools to ban users and remove content quickly if you do encounter a fraudulent ad or inappropriate wording or images.


We have learned a tremendous amount the last five years about software development and marketplace creation. Your focus on marketplace creation will drive the most value for your company and use our software to start building a classified ad website from day one.


Below are active websites powered by our allySites software.


written by Will Thomas  will@exchange-inc.com  931-433-9737