man ponting to multichannel marketing touch point option

3 Risks of Not Using a Multichannel Marketing Approach

 

intertwining arrows symbolizing a multichannel marketing approach

Multichannel marketing allows retailers to interact with customers across a variety of communication channels. And this approach not only gives customers a means for taking action, but also the choice of channel to use.

Which means more business for you!

But if you aren’t using a multichannel approach in your ecommerce selling, you risk losing potential customers by:

Risk #1: Having less insight into individual consumer behavior

Ask any multichannel marketer for advice and they’ll likely tell you the same thing: To know everything you can about your customer.

That’s because successful marketing is based on the Single Customer View.

In other words, when you understand who your customers are and how they interact with your brand, you gain accurate insights into how to create a strong marketing campaign targeted directly to them.

Risk #2: Limiting your access to valuable marketing data

Successful marketers know that the best way to use the valuable data they collect on a customer through various channels is to bring it all together into an individual record.

And this creates an effective multichannel marketing strategy.

Yet without a holistic understanding of a customer’s demographics, purchase history, browsing behavior, and more, a marketer’s efforts will likely be overshadowed by the competition.

Risk #3: Decreasing your chance to foster customer retention

This is basic arithmetic. The more marketing channels you reach out on, the more opportunity customers have to experience your brand. And then come back for more.

But the key is to provide a consistent customer experience across channels.

So – depending on how your customers shop – your  multichannel marketing approach could include a combination of anything from a website, retail store, email, or print ads, to a promotional event, product packaging, mobile app, and more.

“The goal of multichannel is to give consumers a choice,” sums up Alex Timlin, “and allow them to buy when and where they want to.”

Sources

https://www.emarsys.com/en/resources/blog/what-is-multichannel-marketing/

http://www.sailthru.com/resource-guide/multichannel-marketing-platform/

https://www.sas.com/en_us/insights/marketing/multichannel-marketing.html

https://www.ometria.com/topic-guides/single-customer-view

Valerie Edmonston

Valerie Edmonston

Valerie is a content blogger and published book author who also dabbles in web design. She can be reached via email at valedmonston@gmail.com
Valerie Edmonston
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