5 Reasons Why Businesses are Adopting Omnichannel Marketing


Symbicore

Uploaded on Mar 30, 2022

Category Business

If you are a business owner and looking for omnichannel marketing strategy services. Symbicore can help you. But before that, you need to know why businesses are adopting omnichannel marketing. So check out our full PPT on why businesses are adopting omnichannel marketing. For more information, you can call us at 204-808-8070.

Category Business

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5 Reasons Why Businesses are Adopting Omnichannel Marketing

5 Reasons Why Businesses are Adopting Omnichannel Marketing What is omnichannel marketing strategy? • An omnichannel strategy focuses on connecting all of a company's touchpoints, such as brick-and- mortar shops, social, website, email, and mobile. This enables the customers to seamlessly move between these channels without any interruption. • This overall strategy is different from a multi- channel strategy, where different touchpoints operate in silos. In short, an all-encompassing strategy breaks down boundaries to put the customer at the center of the journey. 1. Improve customer lifetime value • An omnichannel experience puts the customer first, and it's no wonder that customers want to stick with businesses that put them in the driver's seat. • In Other words, an omnichannel marketing stretegy improves customer lifetime value. 2. Reach new customer segments • An omnichannel strategy benefits businesses by enabling them to reach new customer segments. • This profit is almost equally important for both major retailers and 'others' (48% versus 45%), but both numbers should be higher, as reaching new customers is the key to growth. 3. Increase operational efficiency • Some omnichannel strategy benefits that businesses might see include increased operational efficiency and reduced costs. With an omnichannel strategy, businesses only need to collect a customer’s data once, rather than at every touchpoint. • Creating a holistic overview also means that companies don’t need to worry about creating and implementing strategies for every channel. 4. Increase sales • Increased sales are a great benefit for retailers who need a revenue boost. A Harvard Business Review study showed that omnichannel customers spend 10% more online than single- channel consumers. This is one area, though, that leading retailers (42%) aren’t as focussed on as ‘others’ (57%). • It’s clear that leading retailers are prioritizing long-term growth, and are viewing omnichannel strategy benefits as being strategic and structural. 5. Improve inventory turnover • The days of retailers losing business due to items being out of stock may be ending. An omnichannel strategy benefits businesses by providing them with a better overview of their inventory, and the ability to fulfill orders from anywhere. • An omnichannel strategy makes it easier for businesses to optimize stock levels and develop smarter replenishment practices. Why Choose Symbicore • Symbicore is an experienced digital marketing partner based in Winnipeg. We serve integrated managed marketing services, omnichannel marketing strategies globally. • With strategic insight, visionary thinking, and creative innovation, we propel businesses and brands into the hearts and minds of those who matter. For more information call us anytime at - 204-808- 8070. Contact Us +1 204 808 8070 FaceBook Instagram Twitter [email protected] Youtube Pinterest LinkedIn Thanks Symbicore.com