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CRM software is only one component of the automotive dealer BDC initiative.

Automotive Retail BDC and Internet Departments - CRM Alone is Not Enough

Automotive Retail BDC and Internet Departments - CRM Alone is Not EnoughCRM software is only one component of Information Technology.Information Technology (IT) should comprise all hardware and software data solutions; marketing and communication systems; and most importantly the design, testing, application and refinement of the methods of implementation.In other words, IT is not just software and hardware, it is the central philosophy and methodology underlying the coordinated application of technological assets in the search for efficient growth.IT Objectives: Maximize capitalization of internet prospectsMaximize capitalization of global corporate dataMinimize Internet and/or BDC departmental overheadReduce third-party lead referral costsIncrease captive lead frequencyStrengthen ancillary revenue streams - parts, service and merchandiseExploit horizontal market opportunitiesAs such, a CRM platform cannot not be considered - in itself - an efficient vehicle for growth. Rather, the coordination of CRM with all other IT assets, in concert with a comprehensive marketing and communications strategy - across all franchises (and beyond) - remains the key to attaining and sustaining a superior level of efficient growth.With this in mind, the evaluation of any piece of hardware or software should include it's ability to:Work properlyAccommodate strategic goals and processes"Talk" to other systemsAdaptBe easy to use and understandWork quicklyWork securely and privatelyWith regard to personnel, the ideal IT manager should not only possess a reasonable knowledge of hardware and software systems, but also a strong grasp of the retail marketplace, in addition to marketing and communications strategies. The IT manager will consolidate all technological assets and (working in conjunction with the principal(s)) develop new strategies facilitated via this nascent consolidation of datasources and communications systems. Moreover, the IT manager is the most important piece of the puzzle; for it is through this key employee that all data and communications pass, all systems unite; and the successful, efficient utilization of this amalgamation via strategic marketing initiatives is dependent. No other single employee has the potential to control so much, and through doing so contribute so much.In closing: Where most have welcomed and quickly capitalized upon technological advances in communication, the automotive retail industry - obstinate and myopic - has barely capitulated. Hence, the opportunities just over the horizon may be considerable for those who endeavor.

3 Opportunities To Help You Make An Extra Income Online

3 Opportunities To Help You Make An Extra Income Online

I have been in exactly the same position, for years I have been searching the internet for ways to earn an extra income, not to make me a millionaire over night but just to make enough to help with the bills or to have some extra cash in my pocket for the little luxuries in life. With so many sites trying to take your money it is not easy to wade through the scam sites and the legitimate opportunities. What as well if you dont have any idea in what is a good product and will make money and what is a bad product that will just drain your resources? Over the years I have tried so many of the so called opportunities and been burnt financially.I now believe that I have found the 3 best opportunities available that require a little bit of thinking and time but can give you great rewards once you follow the proven system. Remember you dont get anything in life for nothing! This is a golden rule to remember, no matter what you do it is important that you need to work at it, how much you work at it can depend on how much you get out of it, not only in a financial sense but also on a personal level. The best products are ones that can make you an ongoing cash flow, ones that have longevity and have entered a market place where there is a niche. It is no good trying to sell something online where the market is already swamped with goods, this will just lead to your product being another one of hundreds without a customer in sight. This is where the research and the years of hard work have been put in to provide the best products available and you can be a part of this.The website gives you an overview of the 3 best finds on the internet and gives you the opportunity to make some extra money with a small amount of effort. Remember my golden rule, the more effort you put in the more you will get out. To find out more about these opportunities then go to http://www.toponlinebusinesses.com The website breaks down the best 3 opportunities and gives an overview of what is on offer, take a look today, the sooner you take a look the sooner you can get started and build a brighter future.

Trade Up or Trade Down for Business Success

Trade Up or Trade Down for Business Success

In an age of mass differentiation and low cost chic, there has never being a worse time to be stuck in the middle. Consumers are abandoning mid-range products in their droves, often opting for cheaper alternatives and saving up to buy the occasional luxury. At one end of the scale thrifty customers are cutting costs by buying supermarket own brand goods, whilst at the other end easy access to credit makes it possible to trade up to a BMW rather than settle for a Ford Mondeo.The Low Cost RevolutionThroughout numerous consumer sectors, there are companies specialising in low cost goods and services. Everything from food to flights and cars to clothes can be bought at very low prices. As cost-focussed companies get bigger, they continue to find ways to reduce overheads in their operations and squeeze suppliers for better deals. Consumers are also changing their attitudes to low cost goods. Film stars and fashion models are setting the trend of low-cost chic, happy to wear value clothes alongside their premium brands. However the low-cost sector is largely driven by economics. Increases in living expenses, debt and taxation are stretching the purse strings of the middle classes and forcing them to abandon their loyalty to mid-range products in favour of low-cost bargains.Luxury For AllIn an increasingly globalised society, consumer aspirations for luxury goods and services have become much more demanding. The 'spend now, save later' celebrity fuelled culture encourages us to treat ourselves to products that signify individuality, success and status. By becoming more affordable and easier to access, exclusive brands are cashing in on increased consumer demand, buoyed by changing lifestyles and easy credit.How Should Mid-Range Brands Respond?Businesses selling mid-range products and services should not be blamed for feeling the pressure -- with low cost and luxury brands squeezing from both ends. In certain markets, this pressure will be less extreme, whilst in others it could mean being forced out of business. One option to counter the threat is to decide to trade up and become a premium brand or trade down to become low cost. How effective this strategy is will depend on the market and the company's ability to change its business model and alter customer perceptions.Another option is to launch completely new brands into the premium and low-cost sectors, a strategy frequently employed in the automotive and airline industries over recent years. Alternatively it may be more cost-effective to take-over competitors already operating in these sectors.Whilst the writing is not on the wall for mid-range brands just yet, the outlook is becoming increasingly competitive and businesses will need to be much more innovative in finding ways to differentiate themselves.

Employee Time Tracking

Employee Time Tracking

Time tracking is the act of tracing out the time spent on each activity in a particular period of time. With so much pressure on time these days, time tracking and management has become absolutely necessary. Though time tracking was initially just a method for keeping track of the way employees use their time, today it is a major program that is used for several other things like: payroll processing, employee productivity, revenue management, client management, invoicing, database management and project management.Employee time tracking was first done using simple time cards or punch cards. Employees had to punch in their cards, when they came in or out, into a machine that would record the time. The timings were later copied onto spreadsheets and analyzed manually to determine how much time an employee spent in the office. This simple mechanism was sufficient in the days when there was not too much stress on the productivity of employees. However, with technological diversions like the Internet, e-mails, and phones, it has become very important to track the exact time the employee spends working. Besides, some enterprises have thousands of employees located at different locations across the world, working in different time zones, which make employee time tracking even more important. There are several advantages of employee time tracking: it makes payroll processing easier by tracking the exact hours an employee worked, increases revenues by correct invoicing, and makes database management easier. There are also some disadvantages: employees do not appreciate it they feel too much pressure for showing results for every minute; or the information may not be used properly.Today, there are hundreds of employee time tracking programs and software packages available. These not only make tracking, but also billing, payroll, project costing and estimation easier. Besides, they can track the employees use of time in the absence of the supervisor. Employees located even thousands of miles away can be tracked using this software. These software programs can be downloaded easily onto any platform and used either offline or online. They can also be customized to suit exact requirements. Information about this software can be obtained over the internet.

Quotes About Bad Meetings

Long pointless meetings are useful in that they keep incompetent people from interfering with those who are working.Bad meetings are a cultural malady that senior executives pass on to new employees.An employee who needs permission to buy a box of paperclips can spend tens of thousands of dollars worth of employee time on bad meetings.Many people attempt to save time by Not planning. This false short cut guarantees that everyone will spend more time later.Unstructured spontaneity leads to serendipity, which (in business) leads to bankruptcy.Meetings are a magnetic opiate that keep people from the tasks they were hired to perform.The main activity in many meetings consists of simple chit chat. If it's an important meeting, then this becomes sincere chit chat.A meeting without an agenda is like a journey without a map.A teleconference without an agenda is like a journey without a map, in the dark.Most meetings are social street lamps that attract the unproductive moths in an organization.People fail to prepare an agenda for two reasons. They think theyre saving time and they dont know what to put in it.Expecting a meeting to produce results without an agenda is like expecting the Easter Bunny to leave eggs on your doorstep.Bad meetings waste a fortune. My surveys show that companies waste almost 20% of their payroll on "bad meetings" .

Accounting Police: Do They Exist?

Who created accounting principles? Who sets and revises accounting standards? What if you dont follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and here is how it works: Mainly, its all voluntary and it works pretty well. First, double-entry accounting originated in Italy in the 1400s, so its been around awhile. Accounting principles have evolved over the years just as have accounting standards. The reason why the system works is that the business community could not function if there was not commonality and consistency in financial statement reporting. It would be chaos, much like if there were no driving rules of the road. Therefore, in the United States, a body of experts known as the Financial Accounting Standards Board (FASB pronounced Fasbee) was established in 1973, which superseded another board called the Accounting Principles Board (APB). The FASB members go through a lengthy process of analyzing and reviewing problems in the accounting field that are brought to them. After much thought, they will make a pronouncement as to what they think the new or revised way of approaching the treatment of an accounting issue should be. They are a non-governmental organization that has private financing. A big supporter of FASB is the American Institute of Certified Public Accountants (AICPA). Many Certified Public Accountants (CPAs) belong to this prestigious organization and are obligated to abide by its guidelines and principles of behavior. Other countries no doubt have similar organizations that require high levels of accounting professional conduct. FASB established an accounting code called Generally Accepted Accounting Principles or (GAAP). The assumption is that if a business financial statement is prepared according to GAAP, then the user of that financial statement could rely on or trust the information more readily than if not prepared according to GAAP. Those businesses that deviate from GAAP, and many smaller businesses do, cannot say that their statements are prepared under GAAP; in fact, they should inform the reader that they are not. However, let the buyer beware. One governmental body that has a policing function is the Securities Exchange Commission (SEC). It is primarily concerned with public companies because their job is to protect investors from unscrupulous acts. Recently, the SEC has gotten into the act of establishing accounting standards. It has its hands full today. Since most businesses use their financial statements to prepare their required income tax returns, the Internal Revenue Service (IRS) may audit those tax returns and review the financial statements upon which the tax returns are based. Not following the rules can get you in trouble with this governmental body. You can see that in many ways compliance to the principles and standards is a mixture of voluntary and regulatory behavior. Currently, there is an effort underway to set international accounting standards due to the inexorable globalization process. This is a massive undertaking that will take years, but it is obviously necessary and inevitable.

Summary

CRM software is only one component of the automotive dealer BDC initiative.