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Omni-Channel Strategy

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Omnichannel Engagement
Omnichannel Engagement
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Omni-Channel Strategy

  1. 1. Omni-channel Strategy 101 Rico Beans - MBA, CSCP
  2. 2. Omni-channel is connected and engages consumers throughout the purchase funnel •Multi-Channel •Omni-Channel All channels available to customers but not integrated All channels available to customers and are connected
  3. 3. The path to purchase has become more complex as connected customers utilize a wide range of channels when shopping Awareness Learning about product via marketing vehicles Research Finding product details in store, online, and apps Purchase Completing the purchase whether in-store, online, or mobile Fulfillment Picking up the product in-store or having it delivered Loyalty Being an advocate for the brand by recommending to others
  4. 4. Leverage the P.R.I.C.E model to assess and build your omni-channel strategy •Experience•Information •Range•Price •Convenience
  5. 5. The opportunity to engage customers beyond brick & mortar is prominent in several product categories 0% 5% 10% 15% 20% 25% 30% 35% 40% Electronics & Appliances Entertainment & Leisure Apparel & Footwear Consumer Healthcare Beauty Personal Care Home & DIY Grocery Ecommerce Penetration by Category Penetration In consumer electronics and home appliance, ecommerce penetration is 34% due to an increase of customers purchasing online
  6. 6. Consider these 6 tips when building an Omni-channel strategy Be customer centric: Personalize to individual customers were possible. Emphasize product data by providing content and customer reviews. Harness the power of data & analytics: understand not just customer transactions but customer interactions such as visits to store, social media and search Learn to sell niche products: Leverage online to sell niche products that are not economical for store sales. Integrate Channels: Carry info provided by customers on one channel to other channels such as abandoned carts Establish switching costs: Establish privileges and perks for loyal customers. Differentiation should be based on user experience vs. price advantage Develop the right partnerships: Identify the retailer that will share data and provide resources to reach your customers 1 2 5 3 4 6

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