Omni Channel Marketing: The Service Provider’s New Battleground

Omni Channel and Personalization – Putting the Customer First

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Omni channel marketing and personalization are the peanut butter and jelly of the digital age – they were made for each other. They are also fundamentally changing business.

More than a collection of “buzzwords,” omni channel marketing and personalization reflect a significant shift in technology and consumer values. Marketers now understand that single channel marketing is no longer viable, while digital age consumers require a unique and relevant experience.

It’s also changing the corporate enterprise forever. As social norms evolve, so have the general expectations for today’s purchasing relationship. Consumers can now engage companies via a diverse set of owned communication channels, such as brick and mortar locations, websites, internet enabled products and mobile apps. Consumers can also communicate with other users through social networking and make their opinions about a brand known instantaneously. Most importantly, consumers can make a single purchase while journeying across multiple platforms.

The result? There’s a very clear value exchange between consumers and brands long before a purchase takes place. Customers know their data is valuable so if they agree to make it available then companies are expected to walk the fine line of leveraging that data, but only in a way that improves the customer’s’ life. The fact that we get these behavioral clues from customers in real-time and are expected to react with immediate relevancy is what’s causing companies to re-learn what “big data” really means.

In other words, for every aspect of an enterprise – marketers, technicians, operations, executives – it’s a whole new world. We haven’t seen a seismic shift in technology to business impact since the arrival of the internet. Just like during the Internet era, the service firms that can help an enterprise understand how to navigate through these changes and adapt will stand to benefit greatly.

So how does this new marketing paradigm for the digital age alter client decision making structures? What do these changes mean for consultancies and agencies?

As you can imagine, with great change, comes great opportunity….

Let’s take a look at what the omni channel revolution likely will mean to the future marketing service providers.

Exclusive Bonus: Download 10-Point Omni Channel “Focus” Checklist to know consistent consumer value transfer.
The Digital Age – A Historical Perspective

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History has proven, time and again, that technology is the best catalyst for change. The digital age and its new consumer generation are both living proof that the tech catalyst is alive and well.

It is said that the best way to predict the future is to review the past….

As we are living in the most current phase of advanced technology, it only makes sense to briefly retrace the history of its precursor in upheaval, the introduction of the internet. A brief review of how this last seismic shift in technology affected marketing service firms will help us better predict the changes to occur in the near future.

The 1990s – what exactly happened?

A war, a few political scandals, Seinfeld … and this really hard to explain thing called the World Wide Web.

Advertising firms had to adjust to new social and economic changes as baby boomers (the 1990s generation with the most purchasing power) began to age, populations began to shift and something called the internet began to allow for more freedom of choice and access to information.

When traditionally large and bureaucratic marketing agencies were slow to adjust to the new marketing paradigm of the times, there was a mass talent exodus from these firms. Small boutique firms started to pop up in regional tech hubs such as San Jose, Boulder and Seattle. Highly specialized service providers began to perform consulting activities that were traditionally reserved for the large and incumbent firms. These service providers became renowned for their responsiveness and had a solid understanding of how the technology worked and could manage execution quickly.

By the time the mid-90s arrived, the internet provided consumers with the ability to purchase goods and services from the comfort of their homes. E-commerce revolutionized the traditional view of retail, and as such, the internet advertising boom naturally followed. Click-through rates soared for the early adopters such as Hotwired and Pathfinder, and the large online goods and services providers of the time began looking for knowledgeable marketers.

Marketing services soon focused heavily on technology with service providers using new forms of communication to decentralize their teams and enhance capabilities. In the mid-2000s, marketing service providers started to develop the ability to send and receive services globally. It is at this point, with technology driven decentralization, that marketing consultants really began to provide enhanced responsiveness and value to clients.

On our timeline of events, we are now back in the digital age. The changes of the 1990s and early 2000s are returning full circle as the digital age becomes synonymous with customer value.

What should we expect?

We can expect service specialization to continue to increase, personalization to remain necessary to meet consumer needs and for marketing communication channels to continue to seamlessly integrate.

Exclusive Bonus: Download 10-Point Omni Channel “Focus” Checklist to know consistent consumer value transfer.
Omni Channel Role Playing – The New, The Old, The Hybrid

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Who are the individuals responsible for implementing and leading today’s omni channel revolution? Where does the obligation for value creation, personalization and seamless omni channel integration fall?

The truth is, in the face of numerous digital age challenges, traditional marketing roles are likely to continue to be difficult to define. Similar to how the rise of the internet and e-commerce in the 1990s blurred the lines between service provider and marketing agency, omni channel needs in the digital age have merged traditional roles and positions.

Let’s take a look at some the individuals likely to be tasked with omni channel implementation:

#1 Chief Information Officer (CIO)

The digital transformation has demanded that retailers reconsider how they put their product and services on the market, including the IT decisions involved. The responsibility of new technology implementation typically falls on CIOs.

However, in the digital age, there are other IT stakeholders helping drive along technology-related decision making. In this sense, the traditional tension between the chief marketing officer (CMO) and the CIO will need to be reconciled as the CMO will hold a degree of influence over IT strategies. CIOs are routinely tasked with not only having a high level of IT know-how, but with developing the transformation of technology solutions.

One of the driving forces behind the omni channel is data.

It is here that the CIO will take a more traditional technology management role. The CIO will be tasked with implementing data processes that are current and can ignite the move from transaction-centric marketing to consumer-centric marketing. Consumer personalization through data analytics and predictive analysis is the future of marketing, and the CIO will help facilitate increased value. As big data continues to play a bigger role in omni channel ROI, so will the CIO.

This position typically falls under the leadership of systems integrators and product development companies.

#2 Chief Marketing Officer (CMO)

Traditionally hailing from the realm of the marketing agency, no position has been subject to as much change in the digital age as the CMO.

With the rise of marketing proliferation (circa 2004), CMOs have had to learn how to manage rapidly changing technology, discover new sales and service touch points and perfect digital age customer segmentation. New consumer needs have also contributed to a broadening of the traditional role of the CMO. The expansion of the CMO mission in the digital age has led to high turnover rates (higher than most C-suite executives) and a short supply of viable CMO candidates.

As a result of these digital age challenges and changes, CMOs find themselves having to collaborate more with CIOs in order to design and implement effective omni channel strategies.

New media and new technology require collaboration between these two positions that traditionally co-existed with tension. Absent collaboration between the two, potentially profitable technologies could succumb to rising costs without any positive consumer impact. Collaboration in the digital age is limited not only to CIOs and CMOs. Understanding consumer needs and values in the digital age also requires teamwork between sales, marketing, manufacturing and information technology.

With these new needs have evolved new solutions, one of which is the chief omni channel officer hybrid (see below).

#3 Chief Omni Channel Officer (COCO)

What is the COCO?

The chief omni channel officer is the modern day version of the Renaissance man. The term Renaissance man is used to describe the great minds from the 14th to the 17th century. These individuals excelled in several areas of expertise in both the sciences and the arts.

Whereas in the 15th century, Leonardo da Vinci was commissioned by great rulers and kingdoms to apply his intellectual, artistic, social and physical gifts, the COCO is a position filled (both in-house and out) by companies looking for a multi-faceted marketing and management skill set.

With the traditionally distinct roles of the CIO and CMO now blurred, the COCO emerges as the perfect complement for the digital age. This is a role that is broader than the agency connected CMO, as it combines CMO/CIO influences and know-how together with client-facing activities. The COCO is positioned to have a role in not only traditional marketing decision-making, but in brick and mortar operations and digital solutions as well. This new hybrid position will provide an enhanced degree of flexibility to traditional employment structures that have a tendency to form rigid silos and prevent growth.

Firms are looking for their ideal COCO to have not only extensive digital marketing experience, but a profit and loss management skill set as well. Profit and loss management is new territory for most marketers, and this shift reflects executive desires to increase accountability for the bottom line returns associated with marketing activities. As the C-suite influences here are heavy, this position has a high probability being filled in-house via existing executives.

At the top of the list of justifications for this new hybrid position is the desire for top-level management to tie profit responsibility to creativity. This is a tall order for even the most experienced of digital marketers and is a task filled with many unknowns … yet, with unanswered questions, comes ample opportunity.

The COCO is the new client battleground for both agencies and consultancies in the digital age….

Let’s take a look at each.

Exclusive Bonus: Download 10-Point Omni Channel “Focus” Checklist to know consistent consumer value transfer.
The Agency vs. Consultancy Perspective

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As we are now familiar with the new client of the digital age, the COCO, let’s briefly review the traditional perspectives that service providers bring to the table and see who wins the newest marketing battleground of today.

The Agency

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A full-service/integrated agency is unique in that it has the capability of successfully driving all aspects of the marketing process. The arrival of the digital age brought with it digital technology disruption, and this disruption has manifested as a significant shift in consumer behavior.

This shift means that today’s agencies have to deliver a full-service experience: i.e., mastering strategic planning, creative production and interactive marketing implementation. While traditionally tasked with message development, agencies must now develop a fluency in big data, social media and technology optimization.

Let’s take a look at what agencies bring to the omni channel table:

  • Broad View: Agencies market with a long-term mindset. They cross the t’s and dot the i’s, understanding they are doing so to reach and impact a wider target audience. This long-term point of view also allows agencies to more easily monitor goal progress and to adjust goals should they need adjusting.
  • Full Service Solutions: As referenced above, agencies engage in all aspects of marketing, from research and development, to design, to concept, to copy writing. The digital age agencies typically have someone to cover every marketing need that can arise. This helps create assimilated solutions and branding in the digital age, which is essential for omni channel integration.
  • Data Driven Insights: Due to experience and a diverse client base, agencies command of industry insights makes them extremely well versed on consumer needs. Agencies tend to manage large databases via their CRM or consumer engagement dealings, and this gives them a clear advantage in personalization and automation.

How about what agencies do not bring to the omni channel table:

  • A Targeted Approach: While agencies may be the jack-of-all trades that businesses need to cover a wide range of topics, they often lack the specific niche approaches necessary to successfully target segmented markets in the digital age. This is especially important given the demands of today’s consumer requiring that brands know them on a more intimate level.
  • Small Business Know-How: All businesses need to implement marketing strategies in the digital age, regardless if they are a local boutique or on the Fortune 500 list. It’s clear that the needs of a small boutique product/service firm will differ greatly from a large corporation. Yet, this is not always understood by large agencies, and they run the risk of not being able to provide actionable data to the small business sectors of the digital age.
The Consultancy

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Marketing consulting is really the art of professional consumer analysis. Consultancies understand what motivates consumers and how to implement specific strategies for marketing ROI. While different from agencies, they perform complementary functions that often blur the lines of division between the two (sound familiar?).

Generally, if there is a specific message that a business wants to convey, they hire an agency for access to its expansive reach, diverse know-how and data insights. If, however, a company needs expert know-how on how to expand a client base and re-invigorate the passion of current clients, they look to a consultant. These individuals will work directly with company marketers and C-suite executives to review existing business models and any potential risks associated with future scenarios.

Let’s take a look at what consultancies bring to the omni channel table:

  • Specialized Expertise: When companies are in need of a niche focus that is not readily available in their company, they call on a consultant. Most consultants have a wealth of experience and are continuously educating themselves on the trends and strategies that impact their work. This high level of expertise is one of the reasons they often work with senior level executives planning and implementing strategy.
  • Cost Savings: As the focus of consultancies is niche and specialized in nature, this expertise can save companies time and money. Consultants only work the hours that are necessary to accomplish the task at hand. If a business doesn’t need a full-time marketing manager for a specific engagement, consultants will allow for flexibility and precision via short-term contract hiring. Also, there is no additional cost of training.
  • Creativity: Consultancies are finding success in the digital age by helping companies understand how to evolve culturally with consumers. This is the future of marketing – a rich blend of tech, niche knowledge and strategy. The ability to infuse business know-how with creativity (much like the COCO) will continue to bring value as the digital age evolves.

And now, let’s see what consultancies do not bring to the omni channel table:

  • Long-Term Relationships: In a typical engagement, a consultant analyzes on a per project basis. The investment that goes into strategies and analysis will leave when the consultant leaves. While reports and reference materials are useful, the real know-how stays with the consultant. The trick is to manage consulting relationships so they continue on an ongoing basis.
  • Internal Perspective: Culture is important in building all relationships, but especially in a work context. When consultants are hired, they’re expected to have all the answers, but lack an understanding of company culture and perspective. If consultants are slow to adapt, this can lead to “fast failures” and too many fast failures can tarnish a consultant’s reputation.

The Winner Is….

Who wins the good graces of the chief omni channel officer?

The reality is, it’s too soon to call.

As the digital age is still in its infancy, the lines separating agencies and consultants will only continue to blur. Consultancies are moving further into the territory of agencies, and in return agencies are responding by offering traditional consulting services. Both understand (especially agencies) that data will continue to be the key value driver for the foreseeable future.

Just like it takes a village to raise a child, it takes a collective effort to maximize marketing ROI. The trend of dissolving divisions from individual positions to hired firms is a positive trend for both agency and consulting marketers. Enhanced collaboration and sharing will continue to grant clients access to high-level tactical and strategic insight, while simultaneously aligning consumer and marketer values.

This is a winning combination for all!

Personalization In Every Industry: Big Box Retail

Big box stores, supercenters, megastores. It doesn’t matter what you call them, the massive size of these retail giants is enough to send people into awe.

Their space isn’t limited to storefronts and warehouses either, which is good since foot traffic is constantly getting lower. To their benefit, the ever expanding digital marketplace has allowed these businesses to grow on another level, leading to new opportunities for marketing and personalization.

McKinsey found that 17% of consumers value the customer experience compared to 24% who care most about the prices. With competition increasing steadily as companies find new ways to increase brand loyalty and strengthen the customer experience, personalization has become more important than ever.

 

Personalization Incorporated

The techniques for personalization in retail chains don’t differ significantly from other markets. Companies will find ways to increase subscriptions, social media activity, and web page interaction in order to raise brand awareness, collect information, and personalize the experience.

There are two trains of thought when it comes to personalization for these retailers. Both are acceptable focuses, but when prices are as low as they can get, the company that offers the better customer experience is the one that can integrate the two.

The first is the use of variables. Businesses will study marketing trends to see which ways they can capitalize. These can include purchase history, shopper behavior, and interests. Businesses can guess at what customers will buy next and tailor advertisements and deals towards that.

The second are the constants. Rather than focusing on the marketing trends, this style focuses on the guaranteed information collected from customers. This is personalization based off name, age, location, and other unchanging facts. They’re simple, but give a different insight into a customer’s potential purchases. This information lets companies highlight deals and events at specific locations that would meet their needs. A sixteen year old girl could get an email about a back to school sale at her local store.

Companies that correctly use the omni-channel personalization strategies are able to pull all of this information from different places and organize them into one cohesive plan.

 

Omni-channel Issues

Big box retailers have a lot of struggles when it comes to personalization. It’s difficult to track the purchases and preferences of individuals who enter the store. There’s no data that can be held. Compared to a mom and pop shop where the staff knows your name, it’s more harder to direct Jerry to the products he always buys.

Because in-store personalization is all but impossible, retailers focus on the digital side of marketing. Unfortunately, attempts at predicting recommended products falls short due to troublesome programming. The Harvard Business Review reports that predictions for products are becoming so absurd that companies are creating more generalized algorithms in order to reach customers.

When a customer purchases a sleeping bag through Amazon, they’re more likely to be recommended another sleeping bag rather than camping accessories. The algorithms can’t take into account that a person generally only purchases one at time.

Also, the data held isn’t used to it’s fullest. If a customer buys large t-shirts every month, he’s still getting recommendations for tank tops and sweatshirts, rather than capitalizing on the purchase he’s going to make. The customer doesn’t get a better experience through the purchase, he gets the same as everyone else.

Lastly, the Harvard Business Review also found that shoppers would appreciate the ability to customize rather than have the business personalize the experience for them. This is largely due to the failed attempts at personalization by big box retailers.

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Their poll showed that 42% of online shoppers claimed to have seen no benefits from site personalization. Nearly all claimed they would prefer to customize the experience themselves than let the business do it for them.

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Against these facts, personalization is still a vital piece to creating a better user experience. The issue is that it needs to be done correctly, especially by businesses that are focused outside of the digital realm. For most of these companies, it means going mobile.

All of these companies have had their own issues but continue to provide better experiences due to personalization. By using omni-channel strategies, they can pull information seamlessly to engage customers. They all use social media and they all have websites that offer accounts. The piece that separates them is how else they get information and how well they can put it into play.

 

Walmart

In 2013, Walmart identified the need for a more personalized shopping experience. It took two years of development, but in 2015, they launched a new app, specifically designed for tablets and phones to surf through Walmart.com.

Bao, Nguyen, a spokesman for Walmart claimed, “During Black Friday we sold about 1,000 tablets a minute.”

Trusting that customers purchasing through them would do so again, Walmart focused on those users to create a personalized shopping experience.

On the application, customers are given recommendations based off their purchase history. They’re given discounts and notifications for deals, as well as advertisements that meet their interests.

Walmart also took the opportunity to integrate their actual stores by sharing local rollback deals and discounts. This benefited Walmart as a whole, but also helped the individuals stores maintain customers.

Walmart is also changing their focus to smaller stores. With Walmart Express, and Neighborhood Market Units, the shopping experience will be tailored more towards the customer’s requirements, personalizing the experience on a more general level.

 

Target

Target was also fast to jump on the mobile track in order to better their customers’ experience. In 2014, they acquired Powered Analytics, a start-up, in order to provide a more personalized manner of shopping.

With the app, customers can search for an items and get instant information on where to find it inside the store. It creates a faster way to shop and reduces the amount of time employees need to assist shoppers.

The app also offers personalized discounts and deals based off the items they’re searching for. This not only gives the customer more options before buying, but it lets Target push stock that isn’t moving as fast.

Target also has the option of customers using a loyalty card. The RedCard offers a 5% discount on all Target purchases and is directly tied to a debit card of the customer’s choosing.

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Customers who use the card are required to sign up on their website, providing their information for access and management of the card. Having them on the site, with the information, allows Target to personalize online shopping. Because purchases are made with the RedCard, they’re tracked through the transactions, giving insights to types of products and rate of activity.

Different from others, however, is the 5% discount that attracts more users of the card. Loyalty programs are offered by nearly every major business today, but very few offer such strong discounts.

Target is using the same tactic as Walmart, aiming at smaller niched stores.

 

Nordstrom

In 2011, Nordstrom purchased HauteLook, a website that centers on flash sales. With it, they were able to develop new techniques of getting people into the store. Customers could buy what they wanted off HauteLook and, should the product not be to their liking, they could return it to Nordstrom stores.

At the stores, the employees, who are all selected based off their ability to nurture relationships, take note of the item. They help the customer with the return and then recommend what items they think might interest them. If the customer shows interest, the employee will walk them directly to the item, giving them a personalized experience they’ll remember.

On the application side of the house, Nordstrom uses Beacon’s location based technology, to promote their products. Customers’ location is tracked, and when they near a store, the application sends recommendations and deals to the user.

Furthermore, the app lets customers shop on their phone and see exactly which products are in local stores, down to the size and color. This grants customers the ability to go into the store, try on the clothes, and potentially buy other items they weren’t planning on. It’s all possible because collection of their location.

The app also sends custom advertisements that are personalized to their interests. More impressive, though, is what they intend to do.

If the stars align, Nordstrom hopes that, through RFID, employees can be transmitted the interests and digital shopping cart of their customers. This would allow them to assist the customer on a truly personal level.

Nordstrom dives further into the application marketing trend with TextStyle. Customers can get recommendations from live representatives or personal shoppers that are sent to their phone. If they like the item, they return the word ‘buy’ and enter a code specific to them. The transaction is processed through their online account with Nordstrom and the product is delivered. This one-on-one personalization is another reason why Nordstrom is one of the market leaders in big box retail.

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J.C. Penney

While J.C. Penney may not be able to live up to Nordstrom’s application personalization, they do add their own fixes.

The apps allow for wedding and baby registrations to link with their online account. Users will receive emails with other recommendations based off the products in the registry and, since they’re not paying for them, are more likely to add them to the list.

Through their location based services, J.C. Penney offers discounts for in-store check ins.  Along with their store finder for over 1,100 locations, they’re offering a way to tailor discounts and recommendation to the customer.

These companies have found some different ways to capitalize on personalization and continue their growth. The usual marketing trends aren’t enough for these corporate giants and they’re forced to continue to develop new methods to gain and keep customers.

These are the companies leading the marketing world and their personalization of your shopping experience is going to continue to become better as they branch deeper into the field.

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5 Insurance Companies Crushing It With Omni-Channel Personalization

 

As omni-channel personalization moves to center stage in the retail markets, insurance companies are forced to join them. The switch is less about staying afloat with the market trends, it’s become essential for remaining as a business.

Some insurance companies do this right, growing their consumer base through targeted advertisements, appeal of their support, and personalized interfaces. Others are still trying to play catch up in the fast paced digital market.

 

The Consumer Journey

The battle starts here. So many fronts have opened, thanks to an online world, that reach consumers at various levels. Social media, advertisements, and search engines all attract potential clients and start them on their journey.

Where many companies fail is guiding them through that trip. While customers view every interaction with a business as a collective path, leading them to their desired end-state, insurance companies continue to see each event as singular. The agent is in a different department than the IT team, so how would that affect the customer?

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The insurance companies that are dominating the market and continue to grow understand how to integrate their different branches into a unified front. They see the IT guy as part of the journey rather than a separate road the consumer can travel.

More so, in a market where empathy can breed success, customers are starting that journey with well defined interests. Life insurance to help their family after a death. Vehicle insurance to get them back on the road after an accident. Whatever type of insurance they’re requesting is important to them. Identifying this and being able to track it through each of these departments can better assist the customer.

McKinsey reports that “more than 80 percent of shoppers now touch a digital channel at least once throughout their shopping journey”. Try to say the IT guy isn’t an important part of that path now.

More than 80 percent means it’s not only important to be segmenting the audience for personalization, it’s become vital. In the same report, McKinsey stated that, “satisfied customers are 80 percent more likely to renew their policies than unsatisfied customers.”

Through the collection of data points, insurance companies can personalize their approach to the individual, building a crucial sense of trust by tending specifically to the customer’s needs.

 

Personalization for Insurance

A study by Accenture found that “78 percent of customers say they would share personal information with their insurers to obtain personalized services.” Over a third also claimed they’d willingly pay more for those services.

Personalization isn’t the way in, it’s the way up.

Accenture accurately breaks down the method for personalized interaction with their “4 R’s of Personalization” .

Recognize, Remember, Reach, Relevance.

All personalization starts with the collection of data and insurance companies are no different. The hard part is turning the data into actionable content.

Insurance companies have the opportunity to easily acquire implicit and explicit data. Offering a free quote can be a window to more information than you can use at once, but it’s openly granted by the customer. Through social media engagement and web behavior, insurance companies can study interactions to further develop a marketing strategy and grow their reach.

What’s unique about the insurance market is the agent’s “face to face” interaction with the customer. Emails can be sent from the business’ distribution list to engage a customer, but an agent is able to follow through. They can collect information from the emails and store it under the individual account so any other agent can quickly treat the customer as though they’ve worked together all along.

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Other techniques involve custom 800 numbers that are specific to a page. When the customer uses that number, insurance companies can identify where the customer found it and tailor the interaction to fit their needs.

 

Personalization for Customer Service

The opportunity to create a more wholesome interaction with the customer is becoming the spear that many companies use to impale themselves. McKinsey saw that the leading insurance companies were the ones delivering better customer experiences and gaining clients who’d grown unhappy with their current provider.

Rapport with the customer grows more important every year as society moves towards a larger digital presence. It’s easier than ever for individuals to find better rates and promotions with other companies, forcing insurance agencies to monitor competition and focus a more direct approach to keeping the customer.

Through personalization, companies can increase brand loyalty and make it harder for other companies to sweep up their client base. Creating that awesome experience can pay for itself, sometimes more so than advertisements and events.

Emails should offer help to the customer’s specific problem, not generic sales. If a customer repeatedly calls rather than using messaging systems, an actual conversation should be held.

These are just a few examples, but when you link them together, they become even stronger.

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Omni-channel Personalization

Every personalization technique is wasted if they’re not integrated into a single system. Knowing a customer’s name does nothing unless you track his issues and engage them. With tools like linked Facebook sign-ins, it’s easier to track customer likes and status updates.

Through requests for information or quotes, social media, or browsing history, insurance companies are able to develop a plan for each customer. As customers travel along their journey towards a purchase, companies are using all of these to collect information to engage with them.

With the data collected, they’re able to increase conversions, brand loyalty, and customer satisfaction, while lowering wasted quotes and negative feedback.

All of the companies listed below have an omni-channel personalization strategy. But additionally, they study market trends to see where advertisements and introductions to their business can be made. You’ll be surprised with how some of the companies collect data and put it to work.

Check out these other ways the top dogs in the insurance market have added channels to their business’s personalization.

 

1. State Farm Group

On their mission page, State Farm acknowledges their customers want a personalized experience. It’s not surprising they achieve it. Their collection of information is best seen through some well developed applications.

State Farm constantly pulls data through their personalized mobile app. The app offers driving routes, weather reports, and reminders for things like A/C filter changes. When it is time for a filter to be swapped, they’ll provide you with a list of the closest stores to purchase one.

When a customer opens the app, they’re seeing a page unique to them, but still connected with the State Farm name.

They also maintain a website called ChaosInYourTown.com where users can enter their actual home address and watch a robot destroy it. This was done as a different way to demonstrate that they’ll always be there for you.

Both of these gather data and put it to immediate use, improving the customer’s experience. Although the latter is more entertaining, it’s a unique technique that has paid off, driving them traffic to other sources and increasing brand awareness. It’s helped to assist them in leading the insurance market by billions of dollars.

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2. Allstate Insurance Group

Allstate uses applications in their own way. Using their mobile app can use the geo-location feature to request assistance after having car trouble. They can also log all of their maintenance requirements and details which can help diagnose the problem.

Along with the geo-location features, if you’re waiting for a flight at an airport, you may get an offer for travel insurance.

While the location data is essential to a lot of their market, they still use other points to recommend different products. Their ‘Personalized Insurance Proposal’ uses and collects data on customers in order to give them a plan that meets the needs unique to them.

These tactics have helped with customer satisfaction overall, allowing Allstate to maintain their enormous client base.

 

3. Progressive Insurance Group

In 2007, Progressive was proud to offer a personalized experience for their customers. They identified early that treating each customer individually would take them far.

In the same manner, they’re well known for their ’Name Your Price’ program. It pioneered the idea, giving customers a personalized plan based solely off what they wanted to pay.

If leading the way on those fronts wasn’t enough, Progressive, was one of the first to use telematics. This long distance digital information allowed them to see actual driver behavior and reward customers based off their proven records. Discounts were granted for safe driving and, according the a case study by J.D. Power it increased customer satisfaction as a whole.

These, along with their ’Snapshot’, have kept the company growing at a significant rate and it continues to look for ways to improve.

 

4. Farmers Insurance Group

Farmers Insurance took a very different approach to omni-channel personalization. They partnered with the developers of the FarmVille Facebook game. Through this method, they were able to increase brand awareness and prove they could reach out to customers in various ways.

The strategy allowed them to collect data that users offered by having open social media accounts and connect on a different level. Because they were trying to engage those specific people, it was easy for them to interact. Through a sweepstakes, they were able to show people from the game to their website, offering more chances for conversions.

By coupling the game with a sweepstakes, Farmers more than doubled the amount of likes on their page and was able to gather beneficial information about their fans.

Farmers also became the first company to put a hashtag on a vehicle in a NASCAR race, branching out in a very different way.

 

5. GEICO

If anyone isn’t familiar with the company that in “15 minutes could save you 15% or more on car insurance” hasn’t turned on a television or radio for years. GEICO, through more than a descriptive slogan, has become a frontrunner in the auto insurance market.

GEICO quickly understood that personalization was the key to their marketing strategy. Through systems within their app, they are able to maintain user information and cut the undesirable wait times from customer interactions.

With their Quick Messaging addition, customers can leave messages for representatives and leave the app. When an agent has a reply, they receive an app push notification. This allows customers to take care of the things they want to, rather than acknowledging hour waits.

More prominently, GEICO’s spokes-character was spawned from their data collection and became one of the best known characters in advertising. After running an initial series of ads, they were able to correlate a growth in customers.

All of these businesses use omni-channel personalization in similar and different ways. The goal for insurance companies is to create a better experience for their customers. Because rates can only drop so low, the best way do this is with exceptional service. Using data, they can tailor interactions to specific individuals and do just that.

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6 Types of Data To Collect From Customers And How to Grow Your Marketing Strategy With It

Personalization has hit the mainstream as the best marketing strategy for growing your business. It’s used by niche companies and conglomerates alike in order to create an experience that entices customers to buy. There’s no denying it’s power.

Have you ever found yourself shopping for a new shirt online, only to be bombarded with matching ads later in the day. The ads may even be the exact products your were looking at from the same sites. They’re remarketing based off information you provided. Someone else who shopped for pants will see a completely different set of ads.

The idea is to use a one-on-one marketing strategy to develop a closer relationship with your customer. Omni-channel personalization, with a focus on these data points, can create a thorough approach to tailoring your recommendations based on what you know about the individual. Levels of use will vary, but the goal is clear:

Marketing is no longer about whose ad is seen the most. It’s about who can be more personal.

 

1. Name

Names have been called the ‘customer’s favorite word’ and for good reason. Would you rather I address you as “Appreciated Customer”, or can we take it to a more personal level? Well Greg, we’ve got a deal for you.

Businesses have been using customer names since people started peddling wares in Mesopotamian markets. When Greg bought that suit, the owner had already learned his name. The next time he walked in, he was welcomed with it. It made Greg feel more appreciated than when he visited other shops. It created a brand loyalty and he’s significantly less likely to take his business elsewhere.

Knowing your customer’s name is easy when you’re talking face to face with her, but how can you do it when thousands of people are browsing your digital store?

Web developers solved this problem long ago. Membership and e-mail sign ups require a name. Even websites that only share your username have begun using your real first name rather than the word ‘profile’ on your browser. It creates a more personalized experience when the web page displays your name in the corner, even if you know it’s an automated system.

By e-mail lists having this information, subject lines can be constructed to appear like personal messages. Seeing their own name elicits a reaction from the brain, forcing them to slow down and read the text. Campaign Monitor found that working personalization into an e-mail subject line increased open rates by 14.68%. With a list of 1,000, that translates to nearly 150 more people opening your message. That’s 150 more potential sales just because you directed the letter at Greg. Talk about a great ROI on personalization.

 

2. Location

Where using a name is great, MailChimp would argue that city names are even better.

Locations can be used to expose customers to events in a given area. Is there an expo or event that you want to share with your fans. Directed messages at their location can be the quickest way to do it.

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6 Types of Data to Collect from Customers and How to Grow Your Marketing Strategy With It nectarom

Sending e-mails about a race in Seattle to people who live in New York City will cause your open rate to drop drastically. Meanwhile, your audience in the greater Seattle area may now attend, increasing engagement with your brand.

Gathering this information can be done through two key methods. You can have customers provide their location when signing up for different features, or you can have them grant permission using a geo-location enabled app.

Marketing Land claims mobile brand ads are seeing a 20% increase in conversions when coupled with location data. Need more reasons? They also found that “69% of Google searches  include a specific location.” That’s more data you can use in your marketing strategy.

A study by White Horse Productions, Inc. showed that 8% of the users of social apps running geo-location systems believe “savings in discounts and merchant rewards” are the most important benefit. Though this number seems low, given the sheer volume of traffic that social media receives on a daily basis, this number is astounding. Since 60% of that poll thinks the social aspects are most important, it could be argued that discounts and deals would play a larger secondary role for most.

Businesses like Yelp allow their customers to ‘check-in’ to different establishments. Later, they’re reminded to review the places they visited. This creates more interaction with their site and app, as well as customer pride because they’ve contributed to the product. The ‘check-in’ strategy also brings more engagement on social media, showing up on the newsfeeds for everyone to see.

The largest battle with tracking a customer’s location is the concern for privacy. Many smartphone users will disable the GPS feature because of a fear that the information will be used inappropriately. Unfortunately for the honorable business, this leaves the ability to track location to user sign ups and invoices. Still, it’s better than comprising your integrity.

 

3. Gender

The purple elephant in the room, gender, has become a touchy subject in today’s social climate. Still, for a business, knowing someone’s gender can translate into better targeting and profit.

A study by G+ proved that targeting genders can be more than efficient. They found that females make more of the buying decisions, including everything home furnishings to cars. They also saw that women are more likely to use a specific brand if it supports a cause.

Using this information alone, you could develop a strategy to target your female customers with ads. Select the cause you’re most affiliated with, expressing a cause, and have better luck at winning them over. Even better is that if it’s a large purchase, you know to focus more attention on that gender.

Learning your customer’s gender also gives you the ability to tailor recommendations on page. If you’re a clothing company that sells to everyone, ads offering skirts will be better directed at women, while men’s products are better with them. This technique would still require a Facebook pixel or local account, but it could pay dividends in the long run.

 

4. Previous Purchases

Along with the gender focused advertising, many sites will tap your previous purchases to target you. Amazon is excellent at this strategy.

When you’re comparing items, say a sleeping bag, you can go through dozens of pages without making a purchase. Don’t worry, when you open your Facebook later, you’ll find that Amazon has a kindly reminder waiting for you. They’ll use sponsored posts to keep your mental shopping cart alive and even offer recommendations for some of the sleeping bags you were looking at earlier.

nectarom

You can follow this same approach, or target on a finer scale. When a customer purchases a sleeping bag from your site, launch an automated email chain that offers them related products, like lamps or walking sticks. The odds of a customer buying from you again are higher than the chances of that initial purchase. It’s marketing done easy.

On the other side of the spectrum is the abandoned shopping cart. Maybe a customer became distracted. Maybe they found your prices too steep. By knowing that they didn’t make a purchase, but had intended to, you can attempt to reengage the customer. Remind them of the cart or make new offers. There are a lot of possibilities just by identifying their cart status and it can all be crafted into an automated system.

In the same sense, send emails when discounts appear on items they’ve expressed interest in, be it from a wishlist or deleted cart items. Study everything about a customer’s purchase history and you can learn some specific ways to target the individual.

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5. Interests

If interests aren’t part of your personalization marketing strategy, you’re doing it wrong. They can tell us everything we need to know in order to interact with customers.

Interest marketing is especially effective on social media platforms. Sites like Facebook and Twitter build profiles on all of their users, including everything they like. These likes translate into marketing channels.

By applying ads to social media, you can automatically engage those who prefer the niche you’re addressing without having to sort them out. A billboard is a shot in the dark. Social media advertising, thanks to the ability to target interests, is a point blank shot.

 

6. Web Behavior

A customer’s behavior on the web can lead to a lot of profitable information. Everything from web content to e-mail interaction can be tracked in order to improve your marketing strategy. Using omni-channel personalization with knowledge of their trends can be even better.

To start, figure out what the most popular key words for your business are. Once you have them, develop landing pages for each. Highlight those keywords as many times as you can in the page to be sure that’s the one they find and let the personalized experience begin. Depending on how many keywords you want, you can continue to develop new pages, offering a deeper connection to your audience.

Those keywords can say a lot in themselves by defining where the customer is in the purchasing stages. If they’re searching for a specific knife review, odds are that they’re looking to purchase that knife. If they’re looking for the 7 best survival knives, they may be a little further away. Through personalization, you can recommend products and advertisements based off where they are in that process.

Tracking behavior is where your content marketing can pay off. Everyone who has run a business with an online presence understands that cookies can be pivotal in your marketing strategy. By tracking which pages your customers are viewing, you can tailor content specifically to their interest. This can be a recommendation to other articles and products based off the category or focused bonus material.

Content upgrades that are directly related to the topic of the page can provide a great window for opportunity. If a customer is reading about repairing chainsaws, a guide to felling trees with one may be enough to get his e-mail. From there, he’s entered your sales funnel, leaving him open to more e-mails and potentially other personalization tactics from you.

Along with getting those messages out, you need to pay attention to how your customers interact with your e-mails. Spot which links are getting the most use and place the customers into a segmented list. Send them more emails that focus on the topic they’re interested in. Reduce the size of your segments if you can, creating various targeted sub-lists while still sending them e-mails from the main subscription.

Collecting data to grow your marketing strategy is as simple as opening a few analytics accounts and paying attention to customer behavior. Run as many tests as you can to learn what works and what doesn’t to maximize your potential.

The information you gather can be the difference between a year of growth or another twelve months of your peers passing you by. Develop a strategy for personalization and take the lead.

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4 Ultimate Personalization Tools and How To Use Them

Personalization can be a powerful tool in all facets of your business. From growing your e-mail list to increasing sales, giving your audience targeted content can thrust your business to a new level. In fact, by not personalizing you could be sacrificing prospective customers.

Look at it like this. You’ve gone to a site in order to learn how to increase traffic on your blog. You’ve read a couple of articles, but a pop up on the site keeps urging you to sign up for a free guide on e-mail marketing. You don’t even have an e-mail list yet. It seems pointless right?

If the pop up would have targeted you with a guide to using social media for increased traffic, you would have jumped on it, supplying your e-mail and potentially reading more from the site. But instead they lost a potential customer.

The ability to collect behavioral information about your clients is becoming pivotal in creating a successful enterprise. Marketing trends are proving this. Previously, the ability to capture all this data was limited to the Fortune 50 and those who could spend the money. Now, there are attainable options to collect the information yourself, so creating an omni-channel personalization strategy has never been easier.

To further drive the point that personalization is important, look at this article from BCG. It’s expected that by 2020, “roughly 8 percent of the combined GDP of the EU-27” will be from using personalization. That’s a huge percentage when looking at all the other contributors to the GDP.

 

Personalization and Privacy

Prior to any strategic execution, offer full disclosure to what information you’re collecting and how you’re using it. Also, allow them to control what or how much data you’re able to extract via a preference center. Giving them these choices, along with the ability to opt-out at any time, will keep your business’s integrity and establish greater trust between you and the customer. You’ll be surprised at how many people see the disclosure and quickly accept it. This is a sign of the times we’re in. There is an audience segment that wants nothing to do with their activities being tracked, but the overwhelming majority know giving this information translates to better, more relevant content and services.

When using social media, the platforms do most of this work for you. Sites like Facebook allow the user to determine who sees their profile and who can interact with it. By leaving their personal page open to the public, they’re allowing businesses to collect information from their posts, likes, and interactions. This information can be translated into data for your personalization strategy.

Now that you have that figured out, let’s get to the list of channels you should be considering…

 

1. Web Content

The old adage that, “It’s only advertising if you don’t want it,” still stands true. Consumers know their data has a value and they’re willing to share it if you provide them value in return. This is where content upgrades, lead magnets like offers, and custom calls to action come into play. They are the currency you’ll use in exchange for better information about your target consumer and customers.

Like in the example above, you need to identify the obvious ‘why’. Learning why a customer is on a particular page of your site is the most basic form of personalization. Without needing to pick up any actual information on the user, you can arrange a pop-up to offer a related product or content upgrade as soon as they read a percentage of the page. The percentage verifies they’re interested in the material, since they’re actually reading it, and it also let’s them get hooked before the pop-up arrives, making it more than a pesky distraction.

4 Personalization Tools and How To Leverage Them

On top of this, you can arrange for different versions of your site based off the information collected. For instance, the experience of a user from Denver through a Google search will be offered content for the area and pop ups directed towards the keywords they searched. If the customer is searching for a product, tailor the pop-ups for that item. When a user from Montreal arrives through a Facebook post, they’ll have a different set of content elements, and the specific article they were looking at with content upgrades related to the topic.

A lot of sites do a basic version of this by storing cookies. You’ve seen these, right? Every 7 days, you’ll be asked to join the e-mail list until you do. Some will take it further and use a different style of pop-up for each visitation. Is this right for your brand? That depends on your “brand promise” or the “pillars” your brand has been built upon and the specific use case, but there has to be that exchange.

The important thing to remember is you should always be testing and learning. The way to do that, as you develop your personalization strategy, is by using dynamic content and presenting it as close to real-time as possible using algorithms to identify the effectiveness.

A static page with related content may generally work in the beginning, but that will start to fade. If a viewer reads an article about horses and is offered an ebook on horses, great. If he immediately returns and reads an article about cows and gets an offer for a guide on raising cattle, less great. You could be missing out on an opportunity to sell the Ultimate Guide to Raising Farm Animals. Perhaps the customer arrived through a Google search for the top 10 animals to raise on a farm. Missing that key piece of personalization could cost a sale.

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There are a lot of ‘ifs’ in this scenario, but the point is that you need to be constantly using the data that’s available to you in order to maximize the effect.

Creating a website that tracks the behaviors of customers is very manageable now with various approaches. It may take some initial work, but you will know the value of the content you’re serving and you’ll know it by the individual vs. trying to make all content resonate with all visitors. And it’s worth the effort. Optimizing your site to target specific actions and interests of specific individuals can increase your profits as much as 15-25%.

 

2. Social Media

The benefits of social media outweigh the issues every day of the week. Along with the free platform to engage with your audience, you can also pick up a lot of great information to better your sales. Don’t confuse personalization with socialization, however. Where personalization uses data from an individual to custom tailor an experience, socialization uses a group to apply pressure.

Being recommended to ‘like’ horses, because you like ponies, is personalization. Being recommended to ‘like’ horses, because 11 of your friends do, is socialization.

Facebook is quite likely the strongest social media platform when it comes to personalization. Everything on site collects data. Even if a business can’t collect information from the users, Facebook can.

Ads purchased through Facebook can appear in sidebars along your newsfeed and profile. Featured posts can become embedded into your newsfeed, appearing as though a friend has had a great experience with Tide. Facebook all but monopolizes the market by personalizing the content. Digital marketers know they can efficiently target customers through this system.

When creating ads, you have the ability to target key demographics. Things like location, likes, and interests can be selected to fine tune who sees your ads. Facebook’s ad campaigns also allow you to see your ROI on personalization. They show the amount spent, the number of impressions, and the dollar value of engagements.

4 Personalization Tools and How To Leverage Them nectarom

Twitter is a different beast. Like Facebook, Twitter collects data from all of their users. The issue is that a tweet is seen for a significantly smaller amount of time than a post. Because of this, understanding your community is essential.

Since the average tweet stays ‘alive’ for only 18 minutes, marketers need to identify when their users are most likely to be online. Study the amount of impressions based off the times of given tweets to know when is best. Take into consideration what time zone a majority of your followers are in. Posting multiple times may be the best course of action.

Ads works generally the same way as Facebook, but stand out more, because of the amount of traffic a feed on Twitter receives. Look over your business’s feed and see what people are sharing the most. You can use the most searched hashtags to forecast marketing trends and coordinate your ads to show up more often.

Social media is your ticket to some easy personalization. Harness its strength to start converting at a faster rate.

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3. E-Mail

This is one of the most used and undervalued channels for creating consumer engagement.. By collect data on what products the customer has previously purchased, you can custom target e-mails to meet their needs. eConsultancy reports that 77% of business owners claim that “personalization based on purchase history has a high impact.” A percentage that large illustrates that it’s vital you don’t ignore it.

When a customer makes an entry into the sales funnel, they make the statement, “I am willing to spend money.” That’s the point where you need to identify what other items they’ll be willing to buy. Targeting them with products that don’t pertain to their interest will waste time. After they purchase that horse, send an e-mail offering brushes or feed. You know where their interests sit. Now it’s time to pour gas on the fire.

With modern e-mail automation, it’s easier than ever to have pre-written messages for when a customer buys specific products (i.e., triggers). Strong copywriting can let you capitalize on a customer already willing to spend money.

Creating targeted e-mail lists can benefit your audience, as well. Maintain a massive distribution group for general company information or other stuff you may want to send out, but keep smaller segmented lists for targeted content. One group for horses, one for chickens, but a large for your barnyard news. Your audience will be more likely to open and read emails focused on their interests, giving you more opportunities to make impressions and conversions.

4 Personalization Tools and How To Leverage Them nectarom

4. Single View of Customer (SVOC)

If 60% of consumers are saying they want personally relevant content and offers, you would think every company would start doing that, right? Well, only a third of corporations report their technology and platforms are providing them an adequate single view of their customer so that 60% is going to be waiting a while.

SVOC is the centerpiece of great omnichannel personalization and it’s a mindset shift for a lot of companies. For years corporate marketing has been built on the concept of mass campaigns and channel programs. The two rarely shared a database and even more rarely combined sales data with them. Today, organizations can truly get to that SVOC with solutions like NectarClickstream and the next step is on the mindshift of marketing to an individual based on their behaviors, as opposed to working against massive segments.

Whatever solution you use, make sure it’s not completely dependent on third party pixels. The ideal tracking platform will incorporate 1st party pixels, redirect links, social data and operational data. This will take some coordination, but when you start seeing that data flow around each individual platform you’ll immediately understand the value and the questions (and corresponding use cases) will start flowing.

 

Bringing It All Together with Omni-channel Personalization

What good are any of these channels if they’re not slotted into the larger puzzle?

Omni-channel personalization is your strategy that intertwines the various platforms into a single stream of effort. Getting the systems to play nicely together is more of a challenge than setting up any one individually, but it can drastically increase your ROI.

Remember earlier, when we lost the sale for the Ultimate Guide to Raising Farm Animals? If you can get the systems to talk to each other, you wouldn’t miss that sale. The customer would still provide you with his e-mail for the ebook on horses, but you could follow up with a message for the guide. This method converts interested readers into buyers.

Whatever strategy you use to personalize your channels and improve your customer relationship management, make sure you have a backup plan. Constant A/B testing will allow you to stay proactive with what’s working and you can essentially remove any lull in your sales.

Personalization is your ticket to quicker conversions, higher profits and a more satisfied audience. As long as you operate with your customer’s privacy as top of mind, focus on making their interaction with your business a pleasant experience and you stay curious you’ll be successful in your personalization efforts.

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Omni Channel Personalization: The 2016 Trends

Why A Seamless Customer Experience Is More Important Than Ever

 

The good old days of customers coming from one channel are over. This is due, in part, to the rapid rise of mobile and social as marketing platforms, and with them, came omni channel marketing. They have created a shifting power dynamic allowing customers to experience and interact with brands in ways they were not able to just ten years ago. This could be visiting a store in person, the website, the social media presence, and any combination of using a laptop, tablet, wearable or mobile device. Nevertheless, the imperative question remains: What is the customer experience like on each platform and how can your brand take advantage of it?

nectarom personalization omnichannel trends

With multiple users coming from every channel, businesses need to shift their marketing strategies from a single channel approach to an omni channel approach and be able to accommodate as many people as possible.

Omni channel, as its name states, is a multichannel approach to the sales process, and its primary goal is to bring a seamless shopping experience to the user. The term “shopping experience” relates to mobile shopping, desktop, by telephone, or even in bricks and mortar stores.

 

Rather than telling customers where to go, you are meeting on their terms where they like to purchase. Not everyone has time to visit a store in person or is tech savvy enough to follow your twitter feed. A successful modern brand needs to be everywhere at once and deliver a consistent experience across the board.

 

That, however, is much easier said than done.

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To successfully carry out an omni channel strategy, you need to know as much about each customer as possible. Luckily, there are more and more data points available to corporate marketers allowing them to make informed decisions. Having a consistent experience is great, but at the end of the day it needs to translate into increased sales, and working with an experienced team can mean that your business can see ROI results in days, not years.

 

Omni Channels – Everywhere At Once

nectarom personalization omnichannel trends

It has always been important to know as much as possible about your customers, and it is even more important now. Whereas in the past you could rely on a survey or questionnaire done in a store about what customers thought, these days not as many people want or need to go into brick and mortar store. In fact, 71% of shoppers believe that they’ll get a better deal online, so why get up to drive to a store when a better price is available from the comfort of the couch. To compete in today’s market, businesses need to have some form of digital presence.

 

Why Consistency Is The New Black

 

A modern brand can be thought of like a mosaic, with each tile representing a different channel. If customers are told one thing from one channel, it is safe to assume they should be told the same from another.

 

As a marketer, it is imperative to keep your messaging consistent while adapting to the speed of digital society. People’s habits are changing faster than ever, and we need to understand where users are and consistently provide value for them no matter what channel. This will help cement a solid brand and a strong customer experience.

 

Channel Specific Customer Experience

 

Here is all you need to know: Customers act differently in each channel, and your brand needs to act differently as well.

 

Here is a quick rundown of general trends for each platform:

 

Mobile: It is not a question; it is not a fad; it is here to stay. Mobile is a legitimate platform, and you cannot overlook its importance. This is clearly displayed with this past year’s Black Friday/Cyber Monday sales, where mobile accounted for 49% of all visits.

 

An important thing to note is that while 49% of visits were mobile, only 35.3% of purchases were made on mobile. One-third is still a huge number, but on days other than Black Friday, mobile users prefer to browse rather than purchase. Make sure your content is mobile optimized to look great on any device.

 

Mobile Trends Summary

 

–   Users are mostly browsing, rather than purchasing

–   Customers do quick site visits while on the go

–   Tend to have high bounce rate for sites that aren’t mobile-friendly

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Laptop + Tablet: Buying something online on your computer is pretty commonplace these days, with even technically challenged baby boomers taking advantage of it. Brands know how important it is to have a smooth checkout process with close to 60% of online sales coming from laptops and tablets.

 

There are numerous challenges moving forward with an omni channel integration strategy with regards to the laptop and tablet segment. Some key tactics to keep in mind include serving location specific content which changes based on the customer’s location, equipping sales associates to help customers checkout anywhere, and integrating in store tools like QR codes, sensors or beacons to engage with customers.

 

Laptop + Tablet Trends Summary

 

–   This is where most of the shopping experience happens

–   Users will browse multiple sites/stores

–   Slow loading will increase bounce rate

 

Brick And Mortar: They are still the hallmark for many stores, but looking at industry trends, in-store sales have dropped by 10% over the last year. This does not mean that brick and mortar stores are dead, but it is a sign that retailers should start thinking about how to adapt moving forward.

The in-store experience is unique and gives marketers many options for how they want to interact with the customers. The problem is, most brands do not carry their online messaging over into the store. Sure, the logos and colors are still the same, but does the customer have the same experience? Smart brands are doing more than just asking for an email address on checkout. They are offering legitimately good deals if customers visit their website, and letting them order online and pickup in store.

 

Brick And Mortar Trends Summary

 

–   Large percentage of purchasing still done in-store

–   Customers may be browsing but will usually do so online and consequently buy in store

–   Brings an excellent opportunity to connect with customers

 

Social: Social media has quickly become a channel all marketers should have on their radar. Each social channel has it’s own type of content. It’s important to understand that traditional ads are not working like they use to, and now smart marketers are adapting to provide useful, shareable, and valuable content to people. Whether it comes in the form of videos, coupons, emails, or tweets, the messages must include compelling content for communication to resonate with the client.

 

Social Trends Summary

 

-Your content must be educational or entertaining

-Curate your content for the channel – i.e.: videos on Youtube, Images on Instagram, news on Twitter, etc…

-Find a your niche and market only to them

 

Cell Phone Call Center

 

Without Omni Channel: You take your telephone, and dial that toll-free number to your cell phone carrier. You are calling to negotiate your cell phone contract, which, let’s be honest, nearly everyone with a cellphone has done. You’ve spoken to a rep at your local store who told you about a great promotion but asked you to call their phone support who would be able to activate it for you. Nevertheless, the story changes. At home on the phone, the rep you’ve reached doesn’t know anything about the promotion. He requires access information about your account, and even once they are in (finally), they are not telling you the same thing the in-store rep did. You hang up hoping never to go through that again. #frustration.

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With Omni Channel: The in-store rep you were speaking with was able to tag your internal account with the offer they mentioned. At home on the phone, the rep can quickly access your account, see the promotion you were promised and activate it on your account. #happycustomer

Do you see the difference? It may not seem like much of a problem for a big company, but it makes a huge difference for building loyalty in customers. People hate having their time wasted, and the better and faster you can serve them, the happier they’ll be.

nectarom personalization omnichannel trends

Though omni channel integration will result in increased sales and revenue, it’s not its primary focus. Rather, it works to keep customers happy, which builds loyalty, and consequently, increases repeat purchases.

 

Then Vs. Now: The Importance Of Brand Consistency

 

In the past it was easier to create a fully seamless brand experience, because each brand wasn’t appearing on as many channels are they are now. These days a brand needs to have a multilingual website, multiple social media accounts, a customer service center, and a fully automated system running it all. Though it seems straightforward, creating that seamless experience is very difficult.

From a customer’s point of view, a modern fortune 500 brand should be able to achieve all this, and with the internet at their fingers, they can easily look elsewhere.

 

To have the right answer at your fingertips, a comprehensive database management infrastructure is essential. We at NectarOM specialize in omni channel personalization, and you can learn more about how we can help your brand get your brand’s omni channel ready here.

 

Data Management

 

Most brands have (or can collect) lots of data from their customers. From purchase or browsing history, to when they shop, to their economic status, and the area they live. All of these are very powerful marketing tools. The hard part is using them correctly, and integrating all the different channels. It is essential to manage this data to know about your user’s experience. If someone visited your site on his or her laptop, you, as a brand, need to keep that experience consistent on a mobile device.

Here are two very common scenarios with and without omni channel personalization experience.

 

Working 24/7

 

The last important way in which omni channel marketing has changed retail is that stores are no longer open for a set amount of hours. People browse the Internet and make purchases at all times of day (and night), so your marketing needs to work on their timetables.

 

To do so, it is essential to have all your systems on autopilot. As soon as someone makes a purchase or interacts with your brand, your marketing should reflect that. Whether it means they are getting a confirmation email to let them know their item has shipped, to getting time sensitive promotions and coupons as soon as they become available. There are too many moving parts to run a business manually, and automation is a must in our digital age.

 

Once a customer has purchased, and your marketing has begun, it’s not acceptable to send generic emails. It is easy enough to say that your messaging must be consistent across all platforms, but it must be specific to the customer’s current situation.

 

More businesses have become aware of the importance of omni channel personalization, about giving your customers something relevant and useful that consequently builds trust. Once you have trust, you’re able to establish a relationship with your clients, and ultimately make sales. Above all else, keep it simple. There is no point in delivering a substandard experience that will most likely lose you business. Focus on what you already know about your customers and then work backward to enhance their experience.

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