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.
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.
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Symbicore.com
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