Identification regarding products and services is important for all sorts of industries, especially when it is about vehicles. There are various sorts of information pertaining to vehicles that can help in ascertaining their cost and condition but the accuracy of this information is crucial – if there is any discrepancy in the data, the final estimations can be inaccurate. Keeping this in mind, VINData® provides various products that cater to data regarding a plethora of vehicles ranging from cars and SUVs to motorcycles and powersports.
The global automotive industry is estimated to be around $3.6 trillion in 2021, with the US sharing $82.6 bn. With overall growth of the industry, all those connected with it need increased efficiency and transparency. Industries and businesses require numerous types of data that can enable them to make better decisions. Catering to different factors related to motor vehicles, VINData® allows dealers, lenders, insurance companies, developers, businesses, affiliates, and auctions to benefit from robust, cost effective, and custom white label data. This also includes real-time DMV title data and specialty vehicle identification services.
The source of the data is of utmost importance. If the data is compiled by taking into account various sources, a detailed report will be compiled eventually. Sources for VINData® includes records from National Motor Vehicle Title Information System (NMVTIS), various police records, insurance and fire records, value providers (for vehicles), data aggregators, and databases (state and federal).
Competitive Edge
One of the most important aspects of companies offering vehicle data products is the pricing. With the influx of new vehicles in the market, clients need reliable information at reasonable rate. The users often need data on a daily, weekly, or monthly basis and because of that, the costing is crucial. VINData® offers all sorts of data products at competitive rates to ensure consumers can easily evaluate used vehicles with real time data analytics. This is all thanks to the innovative pricing model of the company. Unlike most in the industry, the company does not charge a monthly minimum from its customers and at the same time there are no annual contracts.
Where most in the market are transferring their cost to the customers, VINData® believes in transferring its profits to its clients. This is possible by not warehousing inventory, like most competitors do. With the onset of technological advancements and digitalization, there is an ever increasing need to improve user accessibility. Keeping this in mind, the company provides multiple robust administrative tools to manage VIN inventory on any platform and on any device. There are multiple tools offered on the company’s dashboard that allow users to manage high volume VINs, including .CSV formatted data and exception summaries.
Alliance
Strategic alliance, affiliate programs, and integrations are all important aspects of any business. It allows better communication, increased (and improved) resources, increased profits, and risk spreading. Perhaps, the most cost-effective method to boost sales and increase customer base is an affiliate program. By affiliating yourself with a company that has a solid brand image and efficient operations, you can improve your own goodwill and eventually attract more customers.
Affiliate programs offer a commission based model on a sale to sale basis, acting as referrals. VINData®’s affiliate program gives more than what the competitors have to give, offering up to 20% commissions. Most of the programs offered in the market are difficult to operate, where the motivation is to let others (affiliates) earn less yet at the same time the company attracts more customers through them and boosts its sales. VINData®’s affiliate program is simple to use and transparent – each lead/prospect (customer) that is sent to the company through you or your website, and is converted, earns you commission. The entire process is simple:
- Your site contains the affiliate link which the visitor clicks (or clicks through email);
- To track the user activity to record sales, the IP is locked and a cookie is placed on their browser;
- The visitor (after clicking the link) is redirected to the company’s site and may decide to order;
- If the visitor ends up ordering from the company, it is recorded as a sale for you;
- Ultimately, as soon as the visitor is converted into a sale, you receive your commission payout.
There is no limit on the quantity of clients you refer, each sale that happens will translate into commission. With skilled sales and conversion team, each lead that is sent towards the company through you will eventually translate into more money for you due to the high conversion rate. There is a proper track record of each visitor, no matter how long it takes for the lead to convert into sales, if it directed through the affiliate program, the affiliate will get paid.
This is why the company believes in creating an entire ecosystem where every stakeholder, including the affiliates, benefit one way or another. This ensures streamlined operations and overall structural integrity.
