Wednesday, September 22, 2010

What can we learn from Hyundai - Part 1

Recently Hyundai announced it was going after the luxury car driver (major gift giver, to us) with its new Equus.

However, it is facing hurdles that are familiar to fundraisers - the experience. Hyundai is not moving this brand into a separate dealership with specially trained sales and service people who know how to appeal to wealthy customers like Lexus and other Asian spinoffs did. According to one automotive consultant, "True luxury buyers expect more than product. They expect a luxury sales and service experience and there is no way to do that through Hyundai dealers," he said.

Hyundai's solution? They dispatch a car to the customer for a test drive and offer valet-style service; the customer never has to come to Hyundai.

In my experience, our top-level donors also expect more of an experience with us and our agency. Our job is to figure out what the "win" is for them; what motivates them and then deliver it. Creating activities and social interaction for them with the agency and other donors is the challenge.

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