Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple...
Transcript of Technology Session AuctionTime - Farm Equipment · 2017-08-02 · Skyscraper, Big Box –Multiple...
Technology Session
AuctionTime
Nate Meiergerd • AuctionTime August 1-2, 2017
Utilizing Pre-AuctionTime and AuctionTimeto Effectively Manage Aging Inventory
Pre-AuctionTimeOpportunity to move inventory wholesale before the auction date
SOLD
AuctionTimeMoving equipment quickly and cost-effectively
Technology Session
Fastline
Susan Arterburn • Fastline Media GroupAugust 1-2, 2017
The Company
• P&K Equipment, P&K Mid-West• 19 locations• John Deere dealers
Their Challenge
• Marketing strategy changing• More digital with same budget
• Focus on OK, TX, KS, AR, IA, IL
• 4wd, Harvesting, Hay, Planting,
Sprayers
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
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
Cobranded Remarketing
– Geographic and Category targeting– 61,000 impressions (May)– 81 Clicks (0.13% click thru)
Item Reminder
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
Technology Session
IronConnect
A.J. Neifert • IronConnect LLCAugust 1-2, 2017
Equipment Channel
Case Study
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?
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
Outcomes
• Capitalize on every deal• Lower your cost to carry….run “lean”• Margins are protected• Avoid the auction block on excess units
Thank You!!!
Technology SessionIron Solutions
Manda Patrick • Iron SolutionsAugust 1-2, 2017
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
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
Standardized Trade In ProcessTHEN
Store managers approved trades
NOW
Equipment valued on
Trade is sent to Director of Sales for approval
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
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
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
“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”
Technology Session
Machinery PeteThe Power of Consumer Data
Brad Long • Machinery PeteAugust 1-2, 2017
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)
STANDING OUT
On average consumers today are exposed to 5,000 marketing messages
dailyWhat is your digital strategy?How do you know its working?
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
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
RESULTS
DIGITAL EXPOSURE
BUILDING BRAND RECOGNITION
SALES OFFLINE
“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
Technology Session
Tractor House
Nate Meiergerd • Tractor HouseAugust 1-2, 2017
Print As An Effective Driver Of Online Traffic
Print As An Effective Driver Of Online Traffic
Print As An Effective Driver Of Online Traffic
Print As An Effective Driver Of Online Traffic
Print As An Effective Driver Of Online Traffic
Print As An Effective Driver Of Online Traffic