Facebook stands to become a vital consumer engagement channel. http://t.co/LPh364Zm Dirk comments on the #facebookipo via Financial Mail (18 May 2012 17:53)
As a special tribute to today's Facebook IPO Ensight launches Full Facebook publishing integration, no more PageStream add-on, GO Mark! (18 May 2012 14:41)
Great media coverage for Ensight on EWN, SABC and Classic FM after posting this article on SA's E-commerce potential: http://t.co/oX9V592V(16 May 2012 16:01)
Multichannel strategy shows major operational benefits
Most companies run their marketing functions in a fragmented
manner that is completely out of step with the reality of a multichannel world.
They need to treat integration of marketing functions and data across channels
as an urgent priority if they are to drive the maximum benefit from their marketing
investments.
Over the past few years, we have seen the number of electronic
channels that marketers need to manage multiply at an alarming rate. A range of
social media and mobile channels have been added to a complex mix that includes
the Web and email, creating new customer touch points and bringing a deluge of data
into the organisation.
Most enterprises manage these channels through different internal
teams and outsource many of their operational requirements to external
agencies. The end result is that many organisations have data scattered across
a range of databases and systems, some of which they control in-house and some
of which are run on their behalf by outsourcing partners.
The inevitable result is a lack of coherence in the marketing
department at the operational and technical levels. Companies end up
duplicating customer information across marketing segments and often struggle
with an inconsistent view of their customers.
The result is that a great deal of value slips between the cracks.
Companies are spending inefficiently on marketing campaigns and missing out on
conversion opportunities simply because they do not understand the whole
customer picture.
In a multichannel world, the same customer interacts with a
company across email, one or more Web sites, social media, search, display and
other channels, yet most companies are not looking at this complete view. As a
result, they do not understand the customer’s journey from discovery to
conversion.
To be truly efficient in a multichannel world, marketers should be
looking at customer behaviour and activity across channels to understand how
and why they convert.
Armed with consistent and integrated data across multiple online
channels, they will be better positioned to understand and influence customer
buying behaviour.
In practice, this will mean understanding what the customer
conversion points are as well as creating multiple points of entry for engagement.
This enables marketers to maximise contact opportunities and improve chances of
conversion while reducing cost per acquisition.
So what is the solution? The first step is to understand what data
the business is gathering and how it is being used. Is the enterprise losing
out on opportunities because it does not have an integrated view of its customers?
Next, consider how the various channels work together and how the
data from each can be gathered into a central location. Once marketers have a
central view of all their customer data, they can begin to analyse it for
trends, and leverage it to further engagement.
Risk management is key throughout the process, especially when
dealing with multiple service partners. Marketers must ensure that they have
ownership and control over their data – which is one of their most precious
business assets.