MessageBird Guides - Omnichannel Marketing - Everything You Need To Know
MessageBird Guides - Omnichannel Marketing - Everything You Need To Know
MessageBird Guides - Omnichannel Marketing - Everything You Need To Know
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Omnichannel marketing:
Everything you need to know
The term “omnichannel marketing” is thrown around a lot though and can
often be misunderstood. So, let’s take a deep dive into the concept and
explore its fundamental components to help you get started.
Jul 2, 2023
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From learning about your products, to purchasing, and coming back for more
your customer goes through different learning curves, touchpoints, and
channels.
Fail to internalize this bigger picture and you risk getting stuck in an endless
loop of incremental optimizations limited by the bounds of each channel.
Meanwhile businesses who take an integrated approach, reap the benefits of
compounding results over time.
Omnichannel marketing, when done right, will do wonders for your business
across the entire customer journey, from generating more leads to increasing
conversions and improving retention rates.
The term “omnichannel marketing” is thrown around a lot though and can
often be misunderstood.
So, let’s take a deep dive into the concept and explore its fundamental
components to help you get started.
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Consistent
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Smooth
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Personalized
…from the first touchpoint till the last.
The key characteristic is that the entire journey feels coherent in terms of the
content, tone, and voice, along with any contextual information based on any
previous interactions with your customers.
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Omnichannel marketing delivers a streamlined experience by integrating
customer data from different channels and tools. The combined data works
together to create a uniform presence for your brand everywhere.
For instance, suppose a customer buys a laptop from your online store. With
an omnichannel process in place, you could send timely messages promoting
your shop’s laptop insurance coverage and related products (like a bag or a
stand). The result: a contextual upsell path powered by automation and real-
time data. This clockwork is what omnichannel marketing strives for.
Here are some key differences that help distinguish between the two:
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Channel integration — In multichannel marketing, all channels typically
operate in their own silos and have their own strategies to engage the
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customers. With an omnichannel approach, all channels, along with your
entire marketing tech stack, must be integrated. This interconnectivity
creates an ecosystem of channels that puts the customer at the center,
allowing them to move seamlessly through the buyer’s journey.
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Consistency — The goal of a multichannel approach isn’t to offer a unified
experience but to simply cast a wider net. As a result, the experience feels
disjointed at times. Omnichannel marketing, however, focuses on delivering
a uniform, consistent experience everywhere by leveraging customer data
and following the same brand guidelines.
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The priority — Multichannel marketing seeks to maximize the number of
channels that a business uses to market to its customers. Omnichannel
marketing, by contrast, focuses on strategically using the channels that your
customers prefer to maximize your return on investment. It makes your
marketing efforts customer-centric by engaging them where they are.
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Advertising impact improves by 35% when different marketing channels
work together. This is only possible with a true omnichannel approach built
around integrations. The smooth journey, delivered end to end across
different channels as a result of this interconnectivity, creates better
omnichannel experiences, leading to higher conversions.
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Omnichannel customers spend 10X more than digital-only customers. A
digital-only approach to marketing — even in this modern day and age —
won’t necessarily yield the highest ROI. The best approach is to strike the
right balance between the traditional and digital avenues at your customers’
disposal.
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Businesses that don’t offer customers the flexibility to purchase their
products wherever they want lose around 10-30% in sales. You’ll see an
immediate positive impact on your business bottom line by expanding the
number of channels your customers can use to buy your products.
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The stats above provide a mere glimpse of the massive potential of
omnichannel marketing. Businesses achieve a lot more with the right
processes and tools.
Next, quantify your goal by attaching a number to it. This will allow you to
gauge the success of your campaign and make adjustments if needed. Make
sure that the quantified goal is realistic based on past internal data and
industry benchmarks.
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Determine the channels
Ask yourself: what would be the best channels to execute your campaign on?
Keep in mind that the answer to this question depends on the preferences of
your customers because, after all, a true omnichannel approach is customer
centric.
Dig into any existing analytics data that favor certain channels over others. For
instance, you may find that WhatsApp performs far better than email in terms
of engagement - but you don’t see the same adoption number in every
country. You should also tap into any third-party market research data to
identify the channels your target customers prefer. Finally, create a list of all
the potential channels to be used in your omnichannel campaign based on
your findings.
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A customer data platform to empower your campaign and create
personalized experiences
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A marketing platform that helps you create and execute your omnichannel
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campaign across multiple integrated channels and tools
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A tool to create interactive and rich content native to every channel.
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An omnichannel analytics setup that allows you to track campaign
performance across channel and allows you to tie it to down funnel
conversions.
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A subscriber growth tool to capture leads through ads, QR codes, and forms.
You may require additional tools based on your campaign and existing
resources. But the tools listed above are absolute must-haves for every
omnichannel campaign.
Next, prepare the content that you’re going to use to engage the customers
with your omnichannel campaign. Make sure that every content asset adheres
to your brand guidelines — irrespective of its type and the channel it’s going to
be used on — to create a uniform experience.
Also, remember to tailor your branded content to each channel. This additional
step is extremely crucial, as it will ensure that the channels you use support
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format, size, and dimensions of your marketing collateral.
How does omnichannel marketing analytics help?
Omnichannel marketing analytics is the strategic approach to using data
related to your campaign’s performance and customer behavior to improve
your omnichannel initiatives. It involves pulling data from various sources —
such as your customer relationship management (CRM) tool, point-of-sales
(POS) software, and CDP — and analyzing it to make informed decisions about
your campaigns.
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The best channels to reach your customers
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The best content types to engage with your customers
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Vital customer information to personalize their customer experiences
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Crucial customer touchpoints that result in conversions
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The products and services that perform the best
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These insights, when put into action, go a long way toward making your
marketing initiatives more effective. Here are some actionable tips on how to
make that happen:
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Look for patterns and form your hypotheses — Is there anything that keeps
resurfacing when analyzing your data? For instance, there could be a
specific channel that’s often attributed to customer engagement. Or you find
that most of your customers typically convert after a certain number of
touchpoints. Use these patterns to form your hypotheses for what works
best for your customers.
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Test your hunches — A/B test your campaigns to see if your initial
hypothesis is true or not. That’s because the hypothesis formed from the
initial analysis could be a result of outliers or special cases. Making any
large-scale decisions without first actively testing them out could be
detrimental to the performance of your campaign.
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Rinse and repeat — Customer preferences and behaviors keep on changing.
To that end, it’s vital to consistently look at your omnichannel marketing data
to look for any patterns that you can leverage to make better decisions.
2. Matahari
Matahari, an Indonesian retail giant, expanded its channel mix by introducing
WhatsApp — a platform used by over 78 million people in Indonesia. The
brand was initially struggling with low delivery rates on SMS and email and
needed a new way to engage with its customers.
Maud combines these notifications with SMS and email to cast a wider net
and maximize its ROI. Since the implementation of this strategy in 2016,
Maud’s Coffee & Tea has received over 20,000 orders from push notifications
alone. This case study is another lesson on why it’s important to meet the
customers where they are — instead of luring them elsewhere.
Businesses that have been relying on data collected from third-party cookies
to empower their marketing campaigns need to readjust their strategies. And
while Google has delayed its plan to pull the plug until 2024, marketers need
to start planning now. This entails creating processes for collecting first-party
data by asking users to provide the information themselves.
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Integration capabilities — The platform must integrate seamlessly with all
of your channels and other marketing tools to create smooth campaigns.
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Workflow automation — There should be a way to automate the execution
of your campaigns end to end. Ideally, you should be able to build custom
automations based on your unique requirements and use case without any
outside help.
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Content creation — You should have an environment where you can
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create/design marketing content and use it across different channels with
ease.
In addition, you’ll need a trusty partner who will help you create, implement,
and optimize your entire omnichannel marketing strategy. At MessageBird, we
live and breathe all things omnichannel. We’ve helped many brands like yours
harness the potential of omnichannel marketing with our cutting-edge
solutions and expertise.
Ready to take the next step? Get in touch with our team today!
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