A Strata YouTube Channel Original
Multichannel campaigns can be complicated to create, and once you create them, even more work needs to be put in to make them as effective as possible. In the last YouTube video of our Multichannel Marketing series, we’ll go through how to optimize your multichannel campaign for the best success and highest ROI.
What’s an Optimum Multichannel Campaign?
An optimum multichannel campaign is a campaign or workflow that converts every possible campaign member. Keep in mind – that doesn’t mean every person in the campaign, as there will always be some members that are truly impossible to convert. Why? Things happen. People start new jobs, financial positions change, people move, etc. The list goes on. The point of optimization is to optimize for what can be controlled, and in this instance, that’s the customer journey or workflow.
Two Categories of Multichannel Campaign Optimization
- Theoretical: This category happens before starting your campaign. It’s the last but usually the most time-consuming portion of actually building your workflow. It’s done through effective use of assumptions and historical data from similar campaigns. The steps to do this? Assign estimate conversion rates to each of your workflow components and then use them to calculate expected conversions – taking the output of one component as the input of the next. Although it’s very time consuming, it’s worth it in the end. Theoretical optimization helps you optimize both your campaign and create stronger projections for your campaign’s performance.
- Empirical: This category happens while the campaign runs. Instead of using historical data from other campaigns, you’ll use historical data from this campaign. So, factors like audience and creative can be held constant. You’ll still go through the same process – assigning your empirical conversion rates to each of your components, and going through the calculations to more accurately predict overall campaign outcomes. Measure your component’s KPIs while simultaneously updating projections based on the changes to your workflow.
To hear from our Director of R&D, Harrison, on what else you’ll want to do, as well as what tools you can use to optimize your campaign, click on the video below. Or, if you’d like to discuss multichannel marketing optimization with one of our experts, contact us today.
Common Omnichannel Mistakes & Their Solutions
We’ve really covered a lot of ground in the journey that’s been our Omnichannel Marketing 101 blog series, but we’d be remiss if we got you ready to make and optimize a great campaign without setting you up to fix some inevitable mistakes. Now that you know what omnichannel marketing is, the steps to getting started, and the most important best practices, we’re talking common omnichannel campaign missteps – from creation to execution – and how you can not only learn from them, but fix them and improve on your current campaign strategy and strategies to come. Even when you have all the tools and knowledge for success (which we supplied in parts 1-3 of the series), mistakes can still be made, especially when you’re trying omnichannel marketing for the first time. Thankfully, we have solutions.
Errors during creation and execution of an omnichannel campaign can be due to a lack of data, lack of experience, missteps in implementation, or simply partnering with the wrong omnichannel “expert”. That’s okay! Omnichannel marketing, no matter how much expertise you have, can (and should) take some trial and error. That’s why we’re giving you some smart advice on how to fix the most likely mistakes along the way.
Most Common Mistakes & How to Resolve Them
Mistake 1: Sub-par content strategy
Resolution: If this seems to be the problem, go back and review your content again. It’s most likely not customer-centric, user-focused, or brand-consistent enough. Review your data and make sure your campaign’s messaging is enticing, on-brand, and relevant based on where your customers are and what they want to hear. “A spray and pray approach will make your content irrelevant to certain segments of users, and that would mean potentially losing out to your competitors.” If you’re content’s irrelevant, it’s a major waste of resources, and even worse, can cause your customers to mistrust your company.
Mistake 2: Inadequate data or data misuse
Resolution: “79% of executives believe that companies will fail without embracing big data solutions.” Make sure you have a centralized data management hub for your company (if possible), have adequate tools to get the best data, and ensure everyone on your team (or various teams) can understand and use the same tools to gather information. Contrasting information can really hinder the success of a campaign’s creation and completion. Furthermore, “37% of the people in the US alone change their contact details within a year, making your data obsolete” unless you consistently update it, so make sure you use up-to-date data, and review and refresh your data when necessary.
Mistake 3: Missing out on new data throughout the campaign
Resolution: Like we said, out-of-date data is of no use to your customer’s current information – and even more, their current journey. Don’t just “set it and forget it”. Consistently go into your data to see patterns and understand how and where your campaign is (or isn’t) working. “You are supposed to capture more audience data based on the experience you offer and identify areas you need to improve.”
Mistake 4: “Isolated analytics measurement” (not getting the full picture when looking at data from various devices and platforms separately)
Resolution: Instead of viewing everything as a separate metric of success, think of each touchpoint of the campaign as a part of one ecosystem. “Take a top-down approach wherein you can analyze the success of your marketing campaign as a whole and then get down to the specific channel to know which ones performed well and those that require attention.”
Mistake 5: Problematic execution
Resolution: If you’re lucky and have some omnichannel experience, you may be able to fix this problem in-house. Try focusing on customer experiences instead of touchpoints and channels, better understanding your customer base, and better segmenting your audience. If you’re still having problems with execution, it may be worth it – and best – to bring on technical hires or work with a partner company (like Strata) to optimize data and technology.
Mistake 6: Incorrect & inefficient measurement of KPIs
Resolution: While it’s very important to look at the big picture, make sure you’re measuring results at each part of the customer journey. Otherwise, you’ll miss out on some granular yet important data. “For example, calculate the number of unique visitors on your website during the awareness stage or the duration of visit in the engagement stage, to determine if the user is interested in your product.” Data like this will help you better personalize the experience for each and every customer.
Mistake 7: Forgetting about the mobile experience
Resolution: “71% of shoppers who use mobile devices to research products online say their device is an important component of their in-store experience.” Make sure your customer’s mobile experience aligns with their in-store or in-person experience with your company. Get an understanding of how your customer base may use mobile devices, and how you can best reach them (on mobile) along their journey.
Mistake 8: Simply put, a bad strategy
Resolution: Step back with your team and take the time to re-evaluate your strategy. Is it customer-centric? Is it data-driven? Does it truly meet your customer where they are? If it doesn’t, it’s time to revise accordingly.
Mistake 9: Partnering with the wrong omnichannel experts
Resolution: Do your research when finding and choosing your omnichannel partner. Make sure they’re experienced in all aspects of omnichannel marketing – not just a single channel.
If you’re still feeling intimidated by omnichannel marketing, don’t fret! Strata can help you create and implement a smart, results-driven omnichannel campaign for your company. We specialize in multi-faceted omnichannel campaigns to reach your clients, prospects, and strategic partners. Our campaigns are designed to help you put the right message in front of the right people. Contact Strata to get your very own campaign up and running.
Best Practices & Use Cases
What We’ve Learned (So Far)
In Part 1 of the Omnichannel Marketing 101 Series, we went over exactly what omnichannel marketing is, not only including its actual definition, but how it differs from multichannel marketing, its importance, and examples of when, where, and how it’s used. In Part 2, we outlined the steps to getting started on an omnichannel campaign. From those two blogs, we hope you’ve seen that omnichannel marketing’s an excellent way to gain and retain customers, and that it’s maybe not as intimidating as it sounds, but does require research, planning, focus, and sometimes, a team of experts like us!
Now, we’re giving you the inside scoop and sharing just a few of our secrets (yes, our secrets!) on best practices for creating an omnichannel campaign that powers a unique customer experience and cultivates company success.
What Industries Can Benefit from Omnichannel Marketing?
One of the many reasons omnichannel marketing is so popular is because of its versatile nature. It can be used in many different ways across several industries. Here are just a few we’d like to highlight…
Omnichannel marketing is often used by the telecom industry to conduct various tasks, such as helping customers make payments and send out new launch notifications. As a result, telecom companies can quickly boost revenue and drive engagement.
Travel agency customers go through numerous stages in their customer journeys. Omnichannel campaigns can help promote travel accommodations, send reminders about upcoming flights and delays, deliver other announcements, give out deals for restaurants, stores, and hotels, and keep an open line of communication that’s easily accessible to the customer.
There are several ways banks can use omnichannel marketing – from reminding their customers about impending bills and other costs, to providing account balances, and promoting new features or products. It streamlines their services and allows them to offer multi-device experiences that often save the customer time (and improves their patience).
Healthcare (Our Specialty)
Strata has helped many healthcare companies acquire and retain customers using smart and successful omnichannel campaigns. Marketing campaigns can be tough to create and execute in a highly regulated industry like healthcare, but omnichannel marketing has taken off, and more and more healthcare companies are utilizing it. Healthcare companies can use omnichannel campaigns to reach new movers in their area, connect them with physicians, send out appointment reminders, provide additional access to portals…the possibilities are kind of endless.
With all of that in mind, you can see why businesses that create and conduct omnichannel strategies have 91% greater year-over-year customer retention rates. So, even if you’re in a different industry than the four above, you don’t have to miss out. Read on to learn more about the best practices for creating successful omnichannel campaigns…
Creating the Perfect Omni-Strategy
When planning out an omnichannel strategy, it’s most important to research, collect data, and, well…thoroughly plan. Not only do you want to research and keep in mind the customer base you’re targeting, but you’ll want to examine how your customer base will experience each channel, and carefully prepare the different messages you’ll want and need to communicate to them. Like we said in our second blog of the series, knowing your customers inside and out is key to a successful omnichannel campaign. Learn their demographics, environments, behaviors, habits, and even their goals. Use analytics and CRM data to get to know your customers’ behaviors and actions. Make sure to personalize your omnichannel campaign by segmenting this audience based on your acquired data and the journey they’ll take.
On a related note, always be customer-centric. Make sure your team understands the value of consistent messaging and experiences, and is well trained, because “different customers will interact in different ways with your brand, and there is no one way to do it”. Have staff ready to not only provide assistance, but to welcome new customers, consistently engage them in new ways, and turn them into advocates of your brand with, like we said, consistent communication and customer experiences.
Don’t forget to get content (and context) right. Make sure your messages are relevant and timely. Engaging with your customers at the wrong time with irrelevant information can very easily turn them off from your brand. Communicate with customers at the most pivotal touchpoints, “from identifying and understanding a need to researching solutions, comparing products, and making a decision”. Engage with your customers when it’s applicable to them, not just when it’s best for you. Utilize CRM software to stay aware of your customers and “maintain consistent, personalized messaging with customers on whatever channel they reach you on”. Meet them where they are with a message that sparks their interest and answers any questions that they may have about your business or service. And when you can’t be there 24/7, use automation to share content, send confirmations and reminders, and communicate in other ways when triggered to.
And, maybe most importantly in our opinions, always review your metrics (which can include conversion rate, customer acquisition or retention, social media engagement, click-through rate, and more) and revise as needed. An omnichannel campaign isn’t about setting it and forgetting it, but always reviewing and improving, so set milestones for you, your team, your marketing, and your brand.
The best way to perform all of these best practices is having the right tools. Like we said, CRM technology is an excellent way to store data, keep track, and communicate. If you’re a commerce-based company or service, it’s also a good idea to use a POS system so that all of your data is stored in one place. With a POS system, you can also more easily track customer behaviors and “provide them with conveniences like remembering their passwords, storing payment information, and suggesting relevant products”.
We’ve Got You Covered
If you’re thinking this is a lot to take on all on your own, we’d recommend partnering with a knowledgeable company with a staff of omnichannel experts (like us!). Strata can help with everything omnichannel – from data sourcing to execution and production.
The Omni-Steps to Getting Started
Omnichannel marketing can be intimidating at first. The very word itself starts with “omni” (meaning “all”), so we get it, it’s a lot! That’s why we’re peeling back the layers for you. We hope this blog, and our other blogs in this series, helps you understand how beneficial omnichannel marketing can be for your company. In the first blog of the series, we explained exactly what omnichannel campaign marketing is. Now, we’re on to the next step – how to get an omnichannel campaign up and running.
When building your omnichannel strategy, what’s most important is building your target audience. Without that, you’re simply creating a strategy that meets possible customers on the journey you think they’re on. You’ll likely miss who and where they really are. Since your customers are moving from device to device, it can be challenging to follow them, but it’s imperative to set up parameters to catch this data and meet them where they are and see where they’re going. Track their behaviors and record where they’re connecting with your brand and company. Research, research, and research more on your consumers – because as much as you’d like to optimize communication on every channel, your demographic may only be active on a few of them. Decide on which channels you should invest in by reviewing your website analytics. What’s getting you high traffic, time on your site, conversions, and other metrics?
Use Tracking Technology
Like we said, you’ll need a lot of data for your omnichannel strategy – but getting that data takes a lot of research and tracking. Review all website analytics to better understand where your customers are coming from, and why. Use this information to provide a positive experience for the customer along their journey. After all, 80% of consumers are more likely to do business with a company if it offers a personalized experience. Using machine learning will also save you time and energy in tracking and finding these customers. Lastly, use collaborative filtering, to make suggestions to new audience members.
Segment Your Audience
To target the right people (the ones you found in your research) at the right time (where they were in your research), you’ll need to utilize audience segmentation. Group your customers by demographic, psychographic, geographic, behaviors, and other applicable segments. These specific audiences will most likely be marketed to in distinctive ways, on different channels, and with differing touchpoints.
Be Your Own Customer
Before rolling out your omnichannel campaign, always test your omnichannel experience as if you’re the customer. Try to get into the customer’s mindset (using the data you’ve acquired and your knowledge of their behaviors) and keep in mind how personal the experience should be. Pretend to actually purchase something from your service to see if there are any problem points or errors along the way, and make adjustments to your campaign where they’re needed. We know that 79% of consumers say that they will purchase more products or services from a company after a positive customer experience, so make sure the experience is definitely a positive one before providing it to real customers.
Be sure to record quantitative and qualitative data not only before, but throughout your campaign. Keeping up with the campaign will help you understand where customers are connecting, purchasing, or dropping out and moving on. You’ll see where and when you need to adjust your campaign. Additionally, send out surveys to current or potential customers to see how and when you can improve their experience.
Make sure you’re not only responding to your customers – but also their behaviors. If your tracking is showing a change in your customer base’s actions, react to that change and alter your campaign.
What should also be responsive? Your design. If your targeted audience is moving back and forth between devices, you should too. Research shows that consumers use more than four devices each day. Provide an optimal experience not only on desktop, but on tablet, TV, mobile, and anywhere else you may be connecting with your audience. Make sure those in your company connecting with customers are trained to work across all of these possible channels, and can continually help you improve your customers’ user experiences. Use cross-screen advertising to “efficiently advertise to viewers as they consume content across different devices”. Create a touch-point on each screen your audience uses, or make sure the touch-point works on all possible screens.
Getting your omnichannel campaign started may require some company and mindset shifts, but it’s a strategy that can truly enhance your user experience and provide high ROI. 87% of consumers want brands to have more consistent experiences across all platforms, and omnichannel does just that. By investing in omnichannel marketing tactics, you’ll position your brand as a customer-centric business, which will help you pull in more consumers, increase conversions, and ultimately grow your revenue. Could you use some more help starting your omnichannel campaign? Let us know.
An Intro to Omnichannel Marketing
What is Omnichannel Marketing Anyway?
In the past, before the great omnichannel marketing came about, many businesses solely relied on one-touch marketing campaigns that would die upon completion. They’d send out one piece of direct mail – one digital ad – one email – and expect a plethora of results. Whatever the trend of the moment was, that’s what they’d focus on, and only that.
Omnichannel marketing is “a cross-channel content strategy used to improve the customer experience and drive better relationships across all possible channels and touchpoints.” It takes all of the most relevant trends combined with multiple marketing touches to reach people how, when, and where they are, and provide them with the best customer experience, whether that experience be point-of-sale, digital, or physical. It meets customers where they are in the buyer journey with unified and steady messaging, instead of at a stop along the way.
At the end of the day, omnichannel marketing is all about driving better relationships – and targeting prospects and customers with the right messages, in the right places, at the right times.
Multichannel vs. Omnichannel
These sound very similar, and although they’re both great trends and important marketing tactics, they’re not one and the same. While omnichannel marketing, like we said above, is multiple marketing touches along the buyer’s journey, creating unified and steady messaging, multichannel marketing is interacting with potential customers on various platforms – but not necessarily messaging that’s tied together seamlessly and consistently. Multichannel marketing could mean you’re using print ads, retail locations, a website, promotional events, product packaging, and WOMM, but they may not all convey the same communication.
Here’s a trick to easily remember the difference:
- Multi means many (simply enabling each touch point), and casting the widest net to connect with the most customers
- Onmi means all (all touchpoints convey the same message to all customers), which focuses on building stronger relationships between consumers and brands
The Importance of Omnichannel
Omnichannel marketing can be great for many aspects of your business. Like we said, it can and will, if used correctly, attract the right people, at the right place, at the right time. In the digital age of 2021, it’s more important than ever to utilize technology to accurately find and target these recipients. Use omnichannel marketing to do the following for your company…
- Boost customer loyalty: Ensuring consistent messaging across all platforms, and going further to offer personalized experiences for each audience member, creates a better brand image and increases customer satisfaction
- Improve brand recall: Making sure your brand is represented in the same way across platforms and devices can produce better customer recollection
- Increase revenue: Content personalization, WOM marketing, and again, consistent messaging, can help retain and attract new customers
- Utilize purchasing patterns: 73% of shoppers use multiple channels during their purchasing journey, so capture your current audience and expand your content to reach a broader scope of your customers
Example of Omnichannel Marketing
To help you better understand how omnichannel marketing works, we’ve put together an example of omnichannel touchpoints along the customer journey, below:
Customer receiving text message about sales promo while in store -> Customer receiving an empty cart email at checkout -> Customer receiving retargeting digital and/or print ad
How to Get Started
Before jumping in and creating the marketing touchpoints of an omnichannel campaign, think about the customer first. Review all of your current touchpoints, and evaluate whether they provide a positive, consistent, and branded experience. Get to know your customer base even better by developing buyer personas and understanding their needs, wants, behaviors, demographics, preferences, goals, and more. Lastly, do a ton of tracking and research, hire the right guru, or choose the right partners to get going. Here at Strata we have data providers, digital advertising specialists, direct mail experts, and analytics and reporting professionals, all on staff and ready to help you – taking the guess work out of the entire process.
Still not sold? How about these statistics…brands experience a 287% higher purchase rate when using three or more channels, and companies with well-defined omnichannel customer experience strategies in place achieve a 91% higher year-over-year increase in customer retention rate on average.