Audience Insights
Upon research of the historic data & sales team interaction we were able to drive the following insights:
- Lead Intent: 68% conversions came in from action keywords related to price, on-road price.
- Lead qualification was poor due to the below 3 reasons:
- Majority buyers chose to register their bookings under company names, leveraging business ownership benefits such as depreciation, easier financing, and optimized asset management.
Strategy & Approach
A detailed media strategy was implemented including:
- We re-positioned the dealership around the values of trust & reliability, and rode the story of it being the first BMW dealership across India.
- Deep dive into the keyword strategy to use more transactional keywords instead of informational or generic keywords. The search report was thoroughly analysed on a daily basis to weed out phrases which could be low purchase intent.
- Improving lead numbers:
- We optimized the landing page and ad communication to highlight financial benefits such as tax rebates and business expense deductions, incorporating lead magnets like special offers, EMIs, and buy-back plans.
Beyond that a lot of tactical changes were implemented to improve lead quality which eventually converted:
- Targeting audiences in the top 30% income bracket in Mumbai
- Bid adjustments for 5KM radius around the showroom to capture all the leads from these areas
- Removing age groups below 24 years to get leads from more relevant audiences
- Adding all the relevant extensions to drive specific purpose in communication:
- Implemented remarketing campaigns targeting audiences who had already filled lead forms (warm leads) to reinforce brand recall and significantly increase their likelihood picking calls & speaking with our sales representatives.