Online video has exploded on the web scene stimulating more and more users to view them everyday. Selling your car is going where the audience is, yet the number of online car selling resources optimizing the video opportunities is practically non-existent. Despite the rapidly growing technology and the abundance of the car buying audience, online car selling companies and sellers have been hesitant to enter this important car selling feature.
There has also been a major increase in what is called New Traffic of online video viewers in other areas of Internet marketing. To those of us who have been around the Web long enough, referring to New Traffic does seem quite peculiar. Online video has actually been around for over a decade, albeit in poor quality for most of its relatively short history.
However, video technology has now become a viable marketing medium due to several factors such as higher Internet speed access, advanced technology, a larger base of the general user community and online video games. The advancement in video technology, coupled with growing consumer interest, has produced a video revolution in the mainstream of Internet searching. The big 5 search engine companys, Google, Yahoo, AOL, MSN and Ask has created a new opportunity for video marketing potential.
Interestingly enough, the video experience has not yet caught on with the car selling public. It is as if car selling companies and the selling public are still back in the late 1990s trying to accomplish the same things. In todays world that is not enough. There is a potential goldmine for those who recognize the video opportunities and immediately start to take advantage of it.
The first step in overcoming this apprehension is a dose of real time education. Now that you know that you must be where the online audience is, and not just with the big boys of this industry, you have to adjust your marketing approach to contact that audience and make them aware of you car through video presentation. Here is why.
According to comScore Video Metrixs most recent report (November 2007), over 9.2 billion video streams were initiated in the month of September 2007. Roughly 75% of all Americans using the Internet watched video at least once that month. The average video viewer watched a staggering 68 videos per month. These videos averaged 2.7 minutes in duration. This relates to a very high number of unique visitors with a high level of media interest.
These statistics tell us that the American buying public is hungry for more video viewing options. That is educational point #1. Point #2 is, the increase in online video viewing is growing rapidly especially in the demographic age group of 24 to 64 year olds both male and female. That is coincidentally the best demographic of car buyers as well.
Point #3: Higher response rates. More important is what users do in response to viewing a video. Statistics from the Kelsey Group White Paper say that half of the online video users engaged in some sort of response activity. Michael Boland, Senior Research Analyst for the Kelsey Group says -this is due to the natural ability of video to elicit an emotional response.- That is exactly what you want your potential buyer to have, an emotional response to buy your car and not anyone else.
Point #4: Technology. It is estimated that those with broadband (higher speed) connections able to handle video streaming are skewed towards higher incomes and are more likely to reach out to higher end consumer goods.
Point #5: Pro-Active versus re-active. Imagine yourself sitting on your favorite couch watching TV. A commercial comes on and it is something you are interested in. You are very unlikely to immediately respond in any meaningful way beyond making a mental note. On the other hand, users viewing a video online are pro-active and more likely to continue the process of learning more about the product they are looking at on video if it is appealing to them. That is the result you want your potential buyer to have. That is called user interactivity.
Conclusion: Optimize your car selling opportunities by integrating a video in your selling ad.
Where To Sell Your Car
I started with the local paper and you get the usual kind of response of people calling for more information about the car and more often than not people asking what i would take for the car even before they had seen it!
This used to waste a lot of my time because most of these callers who were normally just time wasters phoning around trying to catch a bite to see if someone out there was so desperate to sell their car they could buy it for next to nothing.
So this went on for the first week - car not sold. Second week even less response - car still not sold.
I tried to work out what might be the reason. Is it the wrong time of year? Holiday time, people spending their money on different things. I'll try again in a month's time. But still the same results.
I check the advert. Everything looks ok compared it to the others in the same price range, same year of car, nice photos, but i'm still stuck with the car.
I try the car on eBay®. Again i do everything i normally do, good description, plenty of good photos nothing wrong there.
But still not sold. I know on eBay® people do expect something for nothing but i thought maybe someone might email me and we could do a deal outside of eBay® and get a better price for the car.
I looked at a few internet forums and the news wasn't that good there either. The general conversation was people were finding it quite difficult to sell their cars that would normally get sold very easily.
The dealers are using the same methods and getting the same results, cars just sitting on forecourts week after week, month after month in some cases.
I have sold a few cars in the past and i can remember all i had to do was have a half decent car clean it up and it was gone sooner rather than later, no problem.
Nowadays you have to work a little smarter even just to get someone interested let alone hand over their money. But this doesn't stop the amount of cars being offered for sale.
I'm sure someone must be getting a good deal somewhere but the overall opinion seems to be that it's not happening for a huge amount of car sellers out there and if one of them is you what next step do you take?
Advertising Problems
I started to look at all the other adverts where i had been advertising and they all looked the same nothing really jumps out at you and says, 'look at me' or gets your attention.
Big bold letters stating the make and model of the car bit of a description and the price in big numbers at the end.
With this in mind, why would someone choose my advert over someone else's? But this is how everyone advertises their car for sale and i thought it's not always in the best interest of the advertiser even though we are paying good money to do it.
The only one it seems to benefit is the paper or magazine or website you or i are using. If it doesn't sell the one losing out is me and you.
Is this the best way of advertising? Err, no! Is the simple answer to that question!
You're just taken a 'shot in the dark' hoping you'll get a bite amongst all the other people fishing for attention as well.
For example, everyone normally places an advert because a publication has a readership of so many thousands of people or a website has so many visitors per week or month.
You might see something like this: 'Get your car seen by 300,000 hungry car buyers!
Then we pay our money. Big mistake.
How many of those readers are looking for your make and model of car? Most of us would say they don't know.
How then can this be the best route to sell your car?
There might be 10,000 out of the 300,000 who are looking for your particular car. But then is yours the same colour the buyer is looking for? Does it have the mileage they want? Air con? Alloys?
By the time all the boxes are ticked you could have less than a 1,000 people interested and then it depends on how far away from you they live. You're not told all this when looking to advertise though are you? That's if they find you among all the other similar adverts!
It's not my car that's the problem; it's the way we advertise that's the biggest problem!
If you don't get to the right people who want to buy your car then you are wasting a large amount of your hard-earned money.
It's like going to the airport and asking for a ticket but not having a destination to fly to.
Why Most Advertising Doesn't Work!
When you or i take out an advert in a magazine or any other publication a lot of the time it doesn't always work to the advertisers advantage.
This is because the advertising people are selling you the space based on what you can normally afford whereas you are advertising because you need your car sold.
So there are 2 different mindsets here. First of all the advertising you may be sold may not necessarily benefit you for the purpose of selling your car. You may think you got a better deal because of the amount of money you pay.
Bigger advert = more exposure, better response. But not so.
Always remember that the person selling you the advert space is working on a set wage or commission so all they are interested in is how much you have to spend! You as an advertiser want to know the response you need to achieve in order to sell your car.
Just because a paper or magazine has a readership of 1,000's of people every week is not a guarantee that your car will sell.
For example, if i took out yellow pages advertising and i was a plumber i need to know how many people look for a plumber in that publication.
It may have 1,000's of readers but if someone is looking for a florist then that's not going to help me is it?
It's the same with selling your car. If you have a Ford for sale then a buyer who wants a Mercedes isn't going to be one bit interested in your advert even though you've been told if you have a bigger advert you'll get a better response. Not true!!
When advertising what a lot of us don't consider is the people or buyers we are trying to reach. It's important to ask yourself questions before taking out any kind of advertising whatsoever. If you don't you'll be throwing away a lot of time and effort and also your money along with it.
Find out what the potential buyers are interested in and looking for before you even write out your advert. Remember back when you were searching for the car you bought.
What was important to you? What research did you do before you bought your car? Put this information in your ad and you'll have a winner! Leave it out and get the same result everyone else is.
Good and bad results happen for a reason, follow a path or pattern that someone else has gone down and you have the same results (good and bad) as them!
So when you're told a bigger ad will generate a better response please keep your money in your pocket!!
Most advertisers when their car doesn't sell they reduce the price of their car. Everyone does this to generate more of a response but the problem is not the price of the car the real problem is you have taken the wrong advice of how to advertise and sell your car!
Don't get me wrong i'm not saying that advertising doesn't work, it does. But the vast majority of the time we don't use that advert we have paid for with our hard earned money to its full advantage.
Both Victor Martel & Paul Fryatt are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Victor Martel has sinced written about articles on various topics from Jewelry, Cars and Porsche. Victor Martel is an expert in buying and selling luxury and exotic cars quickly and at the best price.You can learn more by visiting his website
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