Manufacturer: Building Relationships Abroad
How maintaining dealer relationships and implementing strategic incentive plans lead to 100% overall satisfaction for a financing company
The Client and Their Past State
A global, Fortune 100 leader in the manufacturing and financing of construction and mining equipment.
Dealer owners, F&I Managers, Sales Managers.
To drive results in a specific area of the business, particularly driving four different behaviors while creating meaningful stories and better, stronger relationships with the top dealers in their network.
In the financing industry, a company will often struggle without the dealer network. Dealer relationships are the backbone of the business, so maintaining the relationship is of paramount importance.
The Client’s Current State and Key Results
61% of dealers earned trips. 15 dealers qualified based on achieving their goal alone, and 17 dealers qualified with bonus activities.
It's a Deal!
Deals financed with the client increased 2%.
Growing Global Market Share
Total global industry sales increased 1%.
Insurace added to deals increased 22%.
Trip earners reported 100% overall satisfaction, 98.5% registration satisfaction, 96.9% flight booking satisfaction, and 95.4% satisfaction with on-site events.
How They Got Here
Knowing the client’s goals and the importance of maintaining meaningful relationships within the dealer network and adjusting behaviors, HMI put together a strategy to target the most important points of influence in the client’s network. The solution was an exciting group incentive travel program to Aruba!
The program offered the client’s highest-performing F&I managers, used equipment managers, and dealership principals the ability to win the trip based on the performance of their dealerships. Together, HMI and the client set goals for every dealership eligible for the trip. These goals were based on certain percentage increase of deals financed with the client within certain target areas of business. Achieving these goals would allow the principal or manager to earn the trip.
On top of earning their goals, additional bonus opportunities for earning were offered. These opportunities included deal bundling, add-ons to deals, and utilization of an online resource, a cost-reducing behavior that the client wanted to incentivize.
The client also runs a points program alongside this group incentive travel program. In addition to earning the trip through goals, the top 10 point-earning dealership sales representatives from this tangential program were also invited on the trip.
The client opted into TripBuzz, HMI’s on-site engagement app. TripBuzz offers an array of useful resources and fun engagement opportunities for trip-earners. They can view their trip schedule, property overview, a list of other attendees, activity options, and much more. They can also post pictures, contact other trip attendees, play games, and partake in promotions.
Strategy & Implementation
Opportunities for rewards:
- On top of achieving their goals, participants could win rewards by…
- Deal bundling
- Deal add-ons
- Digital behaviors
- Highest point earners
Program design and management:
- Designed to target and engage major points of contact
- Dealer network engagement and relationship management
- Run alongside the client’s points program
- On-site fulfillment and responsiveness