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How to increase foot traffic and leads by using GE Money financing
2011-June-24, 3:54 PM
GE (General Electric) Money "Real Talk Ideas Worth Talking About" training guide about "How to increase foot traffic and leads by using financing".

Increasing foot traffic and lead using GE Money financing

The following list of proven "Best Practices” was developed through candid conversations with dealers like you. You’ll see how other dealers include a financing message when they advertise to add power to their promotions, resulting in more customer leads, traffic and sales.

Include financing every time you advertise

No matter how you advertise—print, radio and TV, your website or social media— letting customers know you offer payment options via financing can really make your business stand out.

Take advantage of your current communications to include your financing message. You can do this in a soft way by including, "Special Financing Available,” perhaps with an image of your store card or financing program. Or use a more targeted message that dominates the ad and is tied to a specific product, i.e., "Come in today and walk out with ‘product A’ for just $XX per month with 12 Months Deferred Interest financing.*”

Not only will existing customers return when reminded of the convenience
and flexibility of your financing, but you will also attract new customers, further increasing leads, traffic and sales.

Offer your financing in direct mail and email promotions

When promoting your business via email or direct mail, include your financing message to strengthen your promotions.

Savvy dealers keep their financing front and center in their mail and email promotions—they don’t want their customers to have to seek it out. Rather, they want to make it impossible to miss. Some put their financing in large, bold lettering while others make it part of the headline, i.e., "36 Months Special Financing Available.*”

When customers know you offer financing, its convenience and flexibility could be the deciding factor that brings them to you over your competitors.

Get creative and think outside the box

You know your customers and your business better than anyone else. So
take the next step and combine what you know with creative ideas from other businesses. You just might find new and effective ways to promote your financing. There’s no magic bullet that works for every business, so take the time to try different ideas and see what works for you.

For example:
  • Radio and TV ads in various time slots
  • Facebook or Twitter to connect with customers who use social media
  • Electronic banner ads with attention-grabbing headlines on consumer-facing websites
  • Advertise a small gift or discount offered to everyone who completes a financing application
No matter your approach, including financing gives you an opportunity to broaden your base with customer types who traditionally have not purchased from you.

Take advantage of online marketing and promotional tools

GE Money Business Center’s Marketing Toolkit and Training Resource Center offer practical, easy-to-use resources to help you promote your business. Here you will find your customer list of those who are already approved for financing from your business, advertising assistance/guidelines, and more. Choose from various financing ad headlines and understand related legal disclosures based on the language you decide to use.

Testimonial:
"We promote our financing to our customers in radio, TV and in our newspaper advertisements. It really does bring people into our store.
Jay Jacobi, Owner Jacobi Sales, Inc. Sellersburg, IN

At your next team meeting, discuss ways you can include financing when you advertise to strengthen your promotions and help generate more customer leads, traffic and sales.

How can we incorporate financing into our advertising— as well as broaden where and how we advertise—to reach current and new customers?

Involve your team

Be sure to download and distribute the TRIED & TRUE Self-Assessment to everyone on your team.

Encourage your team to "be part of the conversation”— watch Real Talk videos, participate in live and on-demand webinars, and access team tools.

Get insight

Access online marketing and promotional tools through GE Money Business Center’s Marketing Toolkit and Training Resource Center. Here you will find practical, easy-to-use resources as well as advertising guidelines to ensure your financing headlines are supported with the necessary disclosure details.

Idea 1:
Strengthen how we promote our products/services and special pricing by including financing—every time we advertise—to make a great deal even better for our customers.
Ask your team 1: Look at our most recent ads. How obvious is it that special financing is available? Brainstorm ideas for making financing a more obvious offering.
Ask your team 2: How can we improve where/how we advertise to broaden our customer base and attract customers who normally do not shop with us?
Ask your team 3: Are we doing a good job advertising/promoting our financing offer in conjunction with special sales and promotions? Do we assume that customers won’t need financing if they’re getting a great sale price?
Take it further: If you could design an advertisement for one of our products/services, including financing, what would it look like?
Idea 2:
Send targeted direct mail and email promotions that include a financing message.
Ask your team 1: Look at our current mailers and customer emails. How can we get our customers’ attention and make our message more enticing? Specifically, what attention-getting financing headlines could we use?
Ask your team 2: Which of our products/services and promotions—along with our financing—should we include in a direct mail or email campaign?
Take it further: If you could design a direct mail or email, including financing, to attract new customers, what would it look like?
Idea 3:
Get creative and think outside the box when deciding how to include financing when you advertise.
Ask your team: How can we creatively promote our financing beyond our current efforts? For example, Facebook or Twitter, our website or other sites our customers visit, radio or TV, or attached to an incentive, such as a small gift or discount to everyone who completes a financing application.
Take it further: Take a moment to think about how other businesses—even outside our industry—include financing when they advertise. Find examples in newspaper circulars, websites, social media and radio/TV commercials, etc. How can we adapt some of these same ideas for our business?

This is Real Talk best practices from dealers like you

Review your advertising messages and marketing strategy. A few minor changes may be all it takes to make your financing offer an effective tool for differentiating your business and bringing in more customers.
Category: Retail Credit Financing | Added by: admin | Tags: Traffic, leads, how, increase, Using, by, to, Foot, and, GE
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