Page 7 - Rolls Royce, Bentley Mihi Exculta Magazine (Made for Me) - Issue 2, designed and produced by Connell Marketing Associates, UK
P. 7

CUSTOMERS

                                                                                        DOES
                                                                                        MARKETING
                                                                                        WORK?

Funktioniert Marketing?                                                                 If It’s Important, Measure It

Wenn’s drauf ankommt, muß man es messen                                                 W hat do a press conference, a brochure, a finance
                                                                                                   scheme, a test drive and a customer reception all
Was haben eine Pressekonferenz, eine Broschüre, ein Finanzierungsplan, eine                        have in common? Apart from the fact that they all
           Probefahrt und ein Kundenempfang gemeinsam? Einmal abgesehen davon,          cost money - they are all designed to stimulate desire or else
           daß sie Geld kosten, sind all diese Aktivitäten darauf ausgelegt, beim Kun-  to increase your ability to convert that desire into sales.
den Wünsche zu wecken oder Ihre Chancen zu verbessern, daß aus diesen Wünschen
Umsätze werden.                                                                            The role of the manufacturer in creating demand is about
                                                                                        much more than investing in the hardware of the products -
   Die Rolle des Herstellers bei der Erzielung von Umsätzen geht erheblich über die –   critical though that obviously is - it must also be about
natürlich sehr wichtigen – Investitionen in die Produkte selbst hinaus und muß          investing in the equity of the marques. And that means
daneben auch Investitionen in das Kapital „Marke“ zum Ziel haben. Das wiederum          continually stimulating interest and attention, but in a
bedeutet, daß ständig das Interesse und die Aufmerksamkeit des Kunden stimuliert        structured way, consistent with our marques and with the
werden müssen – aber auf eine strukturierte Art und Weise, die mit unseren Marken       aspirations of our customers and potential customers.
und mit den Erwartungen unserer Kunden und Interessenten im Einklang steht. ➠
                                                                                           Marketing is expensive. Unfocused marketing is even more
                                                                                        expensive because it is difficult to measure the results. The
                                                                                        ability to target marketing investment at the most effective
                                                                                        activities is every business’s objective. Back that up with an
                                                                                        ability to compare business performance against others in
                                                                                        the same field and we have a business tool which is really
                                                                                        worth something.

                                                                                           The Rolls-Royce and Bentley prospect management system
                                                                                        has been running now for nearly 18 months. Its objective
                                                                                        was to provide every dealer with a results-based framework
                                                                                        for measuring their efficiency in converting marketing
                                                                                        initiatives into sales - to monitor progress right from the
                                                                                        very first contact to the placing of an order.

                                                                                           The system recognised that in the unique Rolls-Royce and
                                                                                        Bentley context, the elapsed time from the very first activity
                                                                                        to the last might be months, or even, years. That made it
                                                                                        necessary to manage an individual prospect through his
                                                                                        entire relationship with the marques. It had to be much more
                                                                                        than a numerical analysis.

                                                                                           In order to grow the Rolls-Royce and Bentley business we
                                                                                        will need to increase our joint effectiveness in identifying
                                                                                        prospects, stimulating their interest, communicating with
                                                                                        them, guiding them through the important decisions in the
                                                                                        journey and rewarding their loyalty to our marques by
                                                                                        delivering exceptional service so that they sustain that loyalty
                                                                                        and return to the family again and again.

                                                                                           Now the starting point can be to assess each dealer’s results,
                                                                                        compare them with the best performers and then develop an
                                                                                        action plan designed to maximise the return on marketing
                                                                                        investment.

                                                                                           In each issue of Mihi Exculta, we will examine the activities
                                                                                        designed to increase the number and quality of our prospects
                                                                                        and then our ability to convert them into loyal customers. In
                                                                                        this issue, we focus on the very start of that process - ➠

                                                                                        MIHI EXCULTA - July 1997 7
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