Why Omnichannel Consumers Are So Valuable

“Omnichannel” isn’t simply a trendy marketing buzzword or a flash in the pan – just ask customers. According to Business Insider and insight from the Harvard Business Review, “Shoppers who engage with retailers across multiple touchpoints are driving boosts in conversion rates both online and offline as they become increasingly reliant on more than one channel to aid in their purchasing decisions.” Multiple touchpoints are necessary for engaging customers and increasing sales, but those touchpoints have to work together in an omnichannel – not just multichannel – strategy. Here are three ways that Business Insider says omnichannel consumers are highly valuable:

1. They spend more money per purchase. Every time the consumer is in an actual store, they spend 4% more. When online, they spend 10% more. This spending is higher than shoppers who interact with brands via just one channel.

2. Customer loyalty is increased. Customers who engage on various channels visit real-life stores 23% more over a six-month period. They are also likely to recommend the brands to their peers.

3. Customers who engage with retailers on four or more channels spend 9% more in a brick-and-mortar store.

Ultimately, the more ways a customer can engage with a brand, the more money they’ll spend. When omnichannel is setup in the contact center, the customer knows that they will get up-to-date support no matter when or how they choose to engage. When self-service fails, they can seamlessly contact an agent who will pick up right where they left off – customer information is synced live so the agent can get all necessary information immediately. In addition to customer support, omnichannel ensures that inventory and product information is the same regardless of where it’s accessed. Inventory is synced in real time. Overall, building trust with the consumer increases brand loyalty as well as sales.

Soon, brands will have to also embrace the Internet of Things as wearable gadgets grow in popularity. These devices are collecting a ton of data about current and potential customers. CRM systems will need to measure analytics that come from the Internet of Things and find contemporary ways to market to those customers with each new platform that emerges. Omnichannel strategies embrace new methods for collecting important customer data, as each channel and device that’s added to the strategy is able to inform and improve the others.

Source: http://www.businessinsider.com/heres-why-omnichannel-consumers-are-more-valuable-2017-1

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