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Omnichannel Marketing Spend Statistics – IWCO Direct

The Missing Link in Omnichannel Marketing

Maggie Stack

Target Marketing magazine recently published an eye-opening study, “Omnichannel Marketing: The Key to Unlocking a Powerful Customer Experience,” that detailed the state of readers’ current omnichannel marketing efforts. We completely agree with the 74% of respondents who ranked a cohesive omnichannel experience either “fairly important” or “very important” to their industry. (In all honesty, on a scale of 1 to 5, we would give it a 10.) We were even more encouraged when we looked a little deeper at the results and realized that retail marketers, who typically lead the pack in omnichannel adoption, weren’t the leading responders—healthcare and travel were at the top of the list. We’ve known for years that the omnichannel approach is right for all industries, and it seems our clients agree!

Investing in Omnichannel Marketing Means Investing in the Customer Experience

When asked, I define omnichannel marketing as the utilization of multiple channels to provide a customer with a consistent and coordinated experience however—and whenever—they want to engage. Think of all the ways you interact with your favorite brands. Do they send you relevant direct mail or email? Do they offer suggestions based on past purchases? Do your actions on one channel translate to another? Can you make a purchase wherever you want? Can you interact with customer service when you want?

I can think of only a handful of brands that are very successful at creating these experiences, one of which was highlighted in a recent Toyota-buying experience by our very own Debora Haskel. I think most marketers agree there is improvement to be made—almost half of the survey respondents consider the omnichannel experience they provide to be just “average.” And as John Wooden famously said, “Being average means you are as close to the bottom as you are to the top.”

It is not an easy task to implement an effective omnichannel strategy. Many marketers express the same challenges: not enough budget, lack of staff with the necessary skills, and limited access to the right data.

Thankfully, these same marketers also have lofty goals! The budget reported in support of creating a well-rounded omnichannel experience reflects its importance, with 48% of respondents planning to increase their budget investment in omnichannel services and capabilities. The majority of the investment in improving the customer experience is being spent on improving data integration and tools. However, the staffing needed to implement those tools and enhance their customer experience is a much lower priority, with only 29% saying they’re investing in new personnel and training.

Bridging the Omnichannel Expertise Gap with IWCO Direct

That is where IWCO Direct comes in. Our team of marketing professionals bridges the expertise gap to optimize and enhance the customer experience for our clients’ customers. From introducing new channels to identifying and locating prospects based on IP address or app user IDs to finding the best way to retarget products and creative development, our goal is to increase response and decrease cost per acquisition. Many of our customers see a 20 to 40% lift in response and conversion by starting (or strengthening) their omnichannel experience with us.

Our strategy includes data modeling, disciplined testing, data-driven creative development, direct mail and digital tactic deployment. With the advances in content management and color digital technology, the personalization options to retarget are truly endless. Pair this with a timely display ad, email, and app experience and watch your response improve.

Learn more about IWCO Direct’s powerful tools, proven strategies, and expertise in omnichannel marketing by dropping us a line today.

link https://www.iwco.com/blog/2018/04/20/omnichannel-marketing-report-2018/
Maggie Stack

Author

Maggie Stack

Senior Customer Engagement Manager with a degree in Visual Communication Technology from Bowling Green State University. Abides by the “improve, innovate, and always do the right thing” mantra at IWCO Direct since 2005. Works with some of the best people in the business to come up with new and exciting ways to expand clients’ business with world-class marketing. Movie buff, coffee drinker, volunteer, fan of whatever sports her kids are playing, and proud World’s Meanest Mom (awarded for making them wait until eighth grade to get their own smartphones).

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