Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple...

42
Technology Session AuctionTime Nate Meiergerd • AuctionTime August 1-2, 2017

Transcript of Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple...

Page 1: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology Session

AuctionTime

Nate Meiergerd • AuctionTime August 1-2, 2017

Page 2: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Utilizing Pre-AuctionTime and AuctionTimeto Effectively Manage Aging Inventory

Page 3: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Pre-AuctionTimeOpportunity to move inventory wholesale before the auction date

SOLD

Page 4: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

AuctionTimeMoving equipment quickly and cost-effectively

Page 5: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded
Page 6: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology Session

Fastline

Susan Arterburn • Fastline Media GroupAugust 1-2, 2017

Page 7: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

The Company

• P&K Equipment, P&K Mid-West• 19 locations• John Deere dealers

Page 8: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Their Challenge

• Marketing strategy changing• More digital with same budget

• Focus on OK, TX, KS, AR, IA, IL

• 4wd, Harvesting, Hay, Planting,

Sprayers

Page 9: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Fastline’s Solution

• Multi-level digital campaign • Geotargeted, Category-specific banner ads on

Fastline.com• Cobranded Retargeting • Item Reminder on Fastline.com

• Supported with print exposure

Page 10: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Geo- and Category-Targeted Banner Ads

• Three Sizes– Leaderboard, Wide

Skyscraper, Big Box– Multiple positions:

Drill Down, Listings pages

– 60,000-75,000 monthly impressions

Page 11: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Cobranded Remarketing

– Geographic and Category targeting– 61,000 impressions (May)– 81 Clicks (0.13% click thru)

Page 12: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Item Reminder

Page 13: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

The Results

• Successfully migrated marketing strategy for more digital exposure

• Over 120,000+ impressions in May

• Continuing with product mix – adjusting creative to match specials and seasons

Page 14: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology Session

IronConnect

A.J. Neifert • IronConnect LLCAugust 1-2, 2017

Page 15: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Equipment Channel

Page 16: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Case Study

Page 17: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Challenge: Predicting Sprayer & Planter Demand

• Are those units set up correctly?

• Are we into those units for the best price out there on the market?

• Do we have the right number of Sprayers & Planters?

Page 18: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Solution: Want to Buy Message

• All starts with the salesmen• Access every dealer inventory in North

America • Find units that are not even on the

market yet • Get multiple units/options back in a

hurry

Page 19: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Outcomes

• Capitalize on every deal• Lower your cost to carry….run “lean”• Margins are protected• Avoid the auction block on excess units

Page 20: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Thank You!!!

Page 21: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology SessionIron Solutions

Manda Patrick • Iron SolutionsAugust 1-2, 2017

Page 22: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Case Study: Plains Ag• 10 Store Case IH & New Holland dealer in

ND/MT• Acquired Northern Plains in 2014, who was

an IronHQ® user• Scott Grundstad, Director or Sales

Page 23: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Problems• Multiple systems for multiple

processes– Excel sheets, text

messages, email chains• Inconsistent Processes

between Stores• Lack of transparency of

sales• Trade approvals done at the

store level without corporate transparency

Page 24: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Standardized Trade In ProcessTHEN

Store managers approved trades

NOW

Equipment valued on

Trade is sent to Director of Sales for approval

Page 25: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

CommunicationTHEN

Sales reps activities tracked on honor system

Trades & Sales were emailed 1x/week in an excel sheet

NOW

Sales activities tracked through Iron HQ

Trade & Sales Notifications sent 3x/Day

Page 26: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Marketing &• More Data = Better Customer

Segmentation– Email & call lists for Parts &

Service– Easily send emails to current

customers• Remarketing made easy

– List on IronSearch.com with just a click, or keep your inventory private

Page 27: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

THEN

Manually look up every piece of inventory for re-pricing

Guess what the future market was going to do to anticipate

future margins

NOW

Value entire inventory with just a click

Forecast that value out 1-84 months

Page 28: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

“A Well Oiled Machine”✓ Quick trade approvals✓ Increased accountability✓ Streamlined communication✓ Future forecast reduce lot rot and increase margins =

Proactive Inventory Management✓ Post sales marketing for Parts & Service✓ Nightly business system updates✓ Remarketing with “just a click”

Page 29: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology Session

Machinery PeteThe Power of Consumer Data

Brad Long • Machinery PeteAugust 1-2, 2017

Page 30: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

THE DIGITAL SHIFT

Rise of Mobile: globally 1.08B people own and use a smartphone daily

This opens up the floor for real-time communication between you and your

consumers

CONSUMER ENGAGEMENT BY MEDIA TYPE(avg. use per day)

Page 31: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

STANDING OUT

On average consumers today are exposed to 5,000 marketing messages

dailyWhat is your digital strategy?How do you know its working?

Page 32: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

DEALERSHIP CASE STUDY: A TARGETED APPROACH

EMAIL MARKETING

Goal: Send promotional messaging containing equipment listings to drive sales

Approach: Use the industry’s leading farmer database of 1.6 M farmers creating tailored plan for dealership

TARGETING FARMERS BASED ON

Geography Crop/Acres Manufacturer Preference

Page 33: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

DEALERSHIP CASE STUDY: A TARGETED APPROACH

RETARGETING

Goal: Influence online equipment shoppers to buy from dealership

Approach: Drive in-market farmers visiting MachineryPete.com to dealership website using retargeting ads

STAYING TOP OF MIND AS FARM EQUIPMENT BUYERS BROWSE THE WEB

Page 34: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

RESULTS

DIGITAL EXPOSURE

BUILDING BRAND RECOGNITION

SALES OFFLINE

Page 35: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

“The Machinery Pete approach to (the) email campaign product has led to

numerous successful transactions… (the) website’s simplicity and their

commitment to helping end users find the right equipment is a win-win for any

equipment dealership” – Dealership Partner

Thank You

Page 36: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Technology Session

Tractor House

Nate Meiergerd • Tractor HouseAugust 1-2, 2017

Page 37: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic

Page 38: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic

Page 39: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic

Page 40: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic

Page 41: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic

Page 42: Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple positions: Drill Down, Listings pages –60,000-75,000 monthly impressions. Cobranded

Print As An Effective Driver Of Online Traffic