cross-channel-essentials-gd-oracle

MODERN MARKETING ESSENTIALS GUIDE
CROSS-CHANNEL
MARKETING
A Prescriptive Guide Fortified to Build Stronger Marketing

Modern Marketing Essentials Guide: Cross-Channel Marketing 2
INTRODUCTION
The sheer volume of marketing information available today
is nearly impossible to sift through, and it can be hard to
decide how to allocate your valuable time. Ain’t nobody got
time for that. We’ve got marketing magic to make!
The Modern Marketing Essentials Series gives marketing leaders and
practitioners the opportunity to supplement their existing marketing strategies with
helpful insights into the topics marketers must know about, and more importantly
those that are affecting your bottom line.
It’s more important than ever—essential even—to ensure that you’re keeping
up with smart marketing tips to maximize your success. We’ve got you covered.
Modern Marketing Essentials Guides are a quick but detailed, short but
knowledgeable, and compact but thorough resource for topics and education
modern marketers need the most.
Think of them as helpful vitamin supplements to your daily marketing diet.
Like any nutrition plan, this one will continue to evolve and help your marketing
stay healthy and thrive. We have several guides in the works, but we want to know
which topics are essential to your marketing! Tell us and you can be entered to win
a Marketer’s Essentials Pack!

MODERN MARKETING
ESSENTIALS: CROSS-
CHANNEL MARKETING
THE 411 ON CROSS-CHANNEL MARKETING
This should be breaking news to no one. NO ONE. The customer experience as
we know it is broken, out of order, or at best in life support. Regardless of what
side of the aisle your customer falls on, be it the B2B or B2C side, their experience
is broken.
How can this be with all the advances in digital marketing, you ask. Far too many
customers are subjected to a fragmented or non-integrated experience across all
channels. For example, let’s say one of your customers purchases something from
your website. This in turn triggers an email, naturally.
However, what if in that same email your customer saw an ad for the exact same
product they just purchased? Don’t bother answering for we all know it would not
be pretty. And the reason it would not be pretty is for the simple fact that your
customer would not expect to see the same product they just purchased in a
follow up email.
Let’s break this down in the most basic way possible.
WHAT CONSUMERS & PROSPECTS WANT VS. WHAT THEY GET
To play on the adage, if it’s broken, you’ve got to fix it.
According to a study conducted by MultiChannel Merchant: 89% of consumers
and prospects said it was important for retailers to let them shop for products in
the way that is convenient for them, no matter which sales channel they choose.

However, a study done by Accenture revealed that 78% of customers receive a
fragmented experience as they move from channel-to-channel; while research
done by Blue Research showed that 94% of consumers and prospects discontinue
relationships because of irrelevant ads or promotions.
Regardless of channel, consumers and prospects have more refined appetites
for marketing and higher expectations. They expect and desire more than a
generic product experience—they want to feel an affinity for their investment and
attraction to a brand.
There’s an opportunity for marketers to build better, lasting relationships with
consumers and prospects by consistently delivering content that inspires
engagement rather than just begging for conversion.”
WHERE DO YOU FALL IN THE GREAT CROSS-
CHANNEL CONTINUUM?
No matter what your situation is, there are steps you can take right now
to improve.
Total chaos and
duplicated effort.
You’re outbound and
social teams don’t even
recognize each other in
the elevator.
Some coordination
between channels
(when you’re lucky).
You and other areas
sometimes coordinate
efforts, but you wish
you could get everyone
on the same page.
You already promote
across most or all
channels...
But is there more you could
do? Are you maximizing
every engagement?
THE BIG 3
Regardless of where your cross-channel marketing stands, this practice requires an
evolving strategy. We’ve compiled three core points to support your ability to ramp
up your activities.
94% of consumers discontinue
relationships because of irrelevant
ads or promotions.”
— Blue Research

Part 1:
DATA IS IN THE DRIVER’S SEAT
With so much data out there (and more being generated literally as we speak),
the need for marketers to get a proverbial handle on all of it is paramount. It’s the
only way to lower that percentage of consumers and prospects who receive a
fragmented experience.
(Note: To learn more about the importance of data from an overall perspective
please refer to the Modern Marketing Essentials Guide to Data Management.)
In a study done by Forrester, when marketers were asked about their biggest
challenge with their cross-channel marketing programs, the #1 answer was:
Understanding customer interactions across channels.
In the same study, marketers were also asked where their current marketing
technologies fall short. The top three answers all dealt with the subject of data:
1 Having the ability to use cross-channel analytics to improve performance.
2 Tracking standard Key Performance Indicators (KPIs) across channels.
3 Having access to a unified customer view based on in house data.

WHO AM I?
It may come as a bit of surprise to some reading this, but did you know that a
single customer or prospect of yours could have 10 or more IDs that can stem
from emails, social handles, or device IDs?
Think about that for a second.
Now you can see why so many marketers have trouble understanding customer
interactions across channels and having access to a unified customer view based
on in house data as aforementioned.
(Note: To learn more about how to having a singular view of your customers
and prospects please refer to the Modern Marketer’s Guide to Connected
Customer Journeys.)
How do you know that your customer on a given computer is also the same
person who just downloaded your app? How do you know if this same customer
is referencing your brand via social media?
How can you, as a marketer, hope to understand interactions across multiple
channels and have a unified or integrated view of a customer with so many
disparate IDs floating around?
The short answer is, you can’t.
HELP IS ON THE WAY
Identity mapping, as it is commonly referred to, is a critical component for being
able to carry out and deliver a true cross-channel marketing experience. A
marketer needs to be able to make all these connections across channels and
devices (and real world actions) to provide a more consistent and relevant cross
channel experience.
Fortunately for marketers, a major innovation that is in play right now that’s critical
to carrying out true cross-channel marketing will be to provide the ability to
accurately identify a person or audience across these touchpoints and IDs.

The key will be for marketers to work either with their in-house teams or external
vendors who can offer a solution that enables marketers to accurately connect
their audiences across channels, devices, browsers, and environments to form
a single view of a customer and deliver the most relevant experience when they
engage with your brand.
Yes, that is a mouthful; but in short, it means being able to create an ID map
strategy that will help marketers connect the dots between all the disparate IDs
that are prevalent in our society.
ACCURACY, WITH A CATCH
Today there is no shortage of conversations, studies, surveys, and research papers
exploring the importance of having accurate data as it relates to your customers
and prospects.
Then there’s “big data”, which is a term that is omnipresent in many a marketing
meeting room as marketers spend sleepless nights trying to figure out just how to
deal with the influx of data and figure just which of their big data they should be
using to deliver on the promise of a true cross-channel marketing experience.
But what they don’t realize is that big data is the reason so many disparate IDs
exist in the first place.
The title of a September, 2013 Forbes piece says it all: “It’s Not Just Big Data, It’s
The Right Big Data That Matters Most.” In other words, marketers need to focus
on the data that matters most.
When it comes to cross-channel marketing it is less (not only) about the accuracy
of a particular attribute (is someone interested in buying X), but more also around
the accuracy of identifying who they are across all channels and touchpoints so you
as a marketer can deliver a more relevant message everywhere.
A key to unlocking true cross-
channel marketing strategies:
The ability to form a unified view
of your customer as they navigate
and leave signals across the world
of websites, devices, brick and
mortar, etc.
The hold-up:
Various versions of one customer
because of the multiple IDs that
are prevalent from emails, to
social handles to device IDs.
Marketers themselves won’t be
tasked with solving this challenge,
but understanding the intricacies
of connecting multi-channel data
points and aligning with a strategy
that gives them the most cross-
channel coverage, will give them
the advantage for delivering the
prized 360 customer experience.

Part 2:
ATTRIBUTION IS RIDING
SHOTGUN
If the data is in driver’s seat, and it most assuredly is, then attribution is riding
shotgun; for marketers are all about numbers, the bottom line, ROI, and so on.
You may have heard John Wannamaker’s famous quote from about 100 years ago:
“Half the money I spend on advertising is wasted, the trouble is I don’t know which
half!” Now in the age of cross-channel marketing, it’s a lot more challenging to
measure the effectiveness of marketing communications that touch the customer
in so many different ways.
As a result, many marketers are now paying close attention to the emerging field
of attribution modeling and analysis to define better strategies to allocate their
precious marketing budgets across different channels and programs.
Forrester defines cross-channel attribution as: “the practice of allocating
proportional credit to all marketing communications, across all channels that
ultimately lead to the desired customer action.” The marketing communications
interact with the end user at various touch points, like email, display advertisement,
SMS message, TV ad, flyer in the mail, etc. across the paths that lead to a
customer action, or a conversion.

Google in turn defines an attribution model as: “The rule, or set of rules, that
determines how credit for sales and conversions is assigned to touch points in
conversion paths.”
The main objective of an attribution model is to offer a simple mathematical
formula to measure the impact of each marketing communication at different touch
points throughout the conversion path. For example, if a user received an email,
saw a TV ad, clicked on a sponsored listing, and used a coupon code within five
days before purchasing a product, the attribution model is used to assign credit to
each of these marketing touch points.
From the attribution model analysis, a marketer can gain insights to more
effectively orchestrate a cross-channel, multi-touch marketing program to increase
conversions that in turn lead to higher ROIs.
NOT MEASURING THE ROI OF CROSS-CHANNEL MARKETING?
START NOW.
It’s the Holy Grail of digital marketing: Measuring the bottom-line results of a single
campaign that plays out across multi-level marketing channels—from email to
mobile to social media to display advertising. But how?
Until now, the metrics used have been overly simplistic, and not always useful.
• Display advertising managers have been obsessed with reach and
clickthrough rates.
• Search advertising managers are only looking at impressions.
• Email marketers have focused on open rates and deliverability.
• Mobile marketers are looking at app downloads only.
• Social media marketers are solely focused on the number of Likes
or Followers.
And none of the teams has worried much about what others team were doing—
or how well they are doing it. But all that is changing.
ROI
The main objective of an
attribution model is to offer a
simple mathematical formula
to measure the impact of each
marketing communication at
different touch points throughout
the conversion path.

Marketers across industries, from life sciences to retail to telecom, are shak-
ing up their businesses in response to sweeping changes in consumer and
prospect behavior in the digital age. They’re learning how to connect with
customers on a personal level. They’re hiring experts in lead generation,
analytics, and SEO. They’re dismantling the silos that separated display ads
from social media and mobile from email marketing, and asking teams to
collaborate on highly targeted campaigns that aim to connect with a consumer
or prospect across multiple channels.
The CMOs who are driving these cross-channel campaigns want to see
quantifiable results. So instead of tracking how many consumers or prospects
opened an email announcing a new smartphone, and then how many of them
actually went to the carrier’s site to buy one, marketers today are looking for
insights into how different messages delivered to consumers or prospects across
multiple channels actually resulted in the purchase of a new product, whether it’s
a smartphone, or a business software technology.
The ROI analysis across multiple channels is still in its infancy. Marketers can’t
yet easily track the direct impact of traditional TV and radio ads, combined with
a consumer’s or prospect’s interactions with emails, display ads or other digital
marketing campaigns. But what they can track today are conversion rates when
select channels are combined. Customers are happy too because they’re getting
messages that resonate and are delivered through the channels they use most.
Measuring results from cross-channel campaigns won’t be possible, however,
without strong leadership in the marketing department. CMOs have to commit
to breaking down the walls that separate the various teams within a department.
They can do this by creating incentives such as ROI-based bonuses to teams that
work together. A motivated, collaborative marketing department that has access
to the right software will produce real and measurable benefits when different
channels are combined—and tracked—in the same marketing program.
The CMOs who are driving these
cross-channel campaigns want to
see quantifiable results.
CMOs have to commit to
breaking down the walls that
separate the various teams
within a department.

Part 3:
THE EXPERIENCE IS
THE ENGINE
Keeping with the whole “car” analogy, the customer experience is undoubtedly
the engine that keeps the marketing machine running. At least it should be.
Unfortunately, as previously mentioned, the customer experience is broken. The
reason why it is broken is quite simply because the marketer experience is broken.
When you have thousands of products—and millions of customers with different
affinities that you want to connect with those products—building personalized
experiences is a tall order.
To do it right, it’s much more than just getting someone’s name right, or
understanding that they purchased a particular product.
Let’s look at what’s getting in the way…
CUSTOMER
EXPERIENCE

SIMPLISTIC JOURNEYS FAIL TO BUILD LONG-
TERM RELATIONSHIPS
Today’s legacy automation and journey builders enforce binary, yes/no decisions,
forcing marketers to build one unsustainable campaign after another to support the
customer experience.
The first issue is around automating the customer experience. It’s nearly
impossible to do at scale because of the binary way in which they configure a
customer experience. Most of today’s automation and journey tools force the
marketer to implement binary decisions that cause the customer to run their
course very quickly. If a customer purchases, they get one message. If they don’t,
they get another.
Once the customer reaches the end of these binary journeys, it’s time to create
a new program. And another program. And another. And another. Over time, this
creates extra work for the marketer that prevents them from being more strategic.
MARKETERS CAN’T UTILIZE VALUABLE DATA TO
INDIVIDUALIZE EXPERIENCE
Despite a plethora of data points, most marketers only leverage one: Did
they purchase?
The other issue is around the data utilized today to message customers
and build personalized experiences. Today, most marketing and rudimentary
automation systems only leverage limited data about the customer, such as
whether or not they purchased, or whether or not they opened and clicked on any
link in an email.
It doesn’t look at what channel that customer prefers to be messaged on, or on
what device. It doesn’t go deeper into their purchase history, or specific content
they may have engaged with in a message that says something more granular
about their interests.
DISPARATE RESOURCES CREATE DISPARATE MESSAGING
Blame org charts, management, software licenses, or politics—marketing teams,
processes, and the tech they use to reach customers operate in silos.
This isn’t just a technology problem, however. All around the enterprise, many
of the marketers involved with these channels sit in isolation from one another.
In certain cases, digital marketing and email might be lock step. In other
cases, they may be running efforts completely in parallel, and often create
redundant messaging.
Because each of them has a job to do, they create new campaigns with separate
applications to bombard customers with different promotions—and it turns out the
majority of these aren’t hitting the mark with customers.
The experience needs to be consistent and orchestrated across all channels.
Loyalty is threatened when a consumer or prospect has a positive web or social
experience only to then be bombarded with irrelevant or overly promotional email
marketing by the same company.
Whether B2B or B2C, the 1:1
experience is what marketers need
to think about when considering
the deployment of omni-channel
because what makes the method
so irresistible is how it takes
shape based on the consumers’ or
prospects’ behavior and uses your
clicks, interactions and data to
mold a shopping experience that
is personalized.”
— Dan Newman, author of
The Millennial CEO &
Forbes contributor
“96% of customers receive
irrelevant ads or promotions.”
— Janrain and Integrated
Marketing Survey

CROSS-CHANNEL Q&A
To dig deeper into the world of cross-channel marketing,
we interviewed Claudia Townsend, Assistant Professor,
Marketing at the University of Miami School of Business
Administration.
Q: Why is it important to provide a seamless, cross-channel experience to
consumers and prospects?
A: It is vitally important for two reasons.
1 Consumers and prospects are cross channel these days meaning that they
are using multiple media sources. No consumer or prospect is using only
one source of media so no brand should be. The quintessential example
of this is what marketers are referring to as the “second screen” meaning
that consumers and prospects are on their laptop, tablet, or mobile device
while watching TV.
This is an example of simultaneous multi-media usage. But we also see
consumers and prospects engaging with different media at different times
of day though this is not new. Whereas in the past marketers talked about
the consumer or prospect who read the newspaper in the morning, listened
to the radio during her morning commute, and then watched television at
night, now it is the same thing just magnified with more sources.
2 But also different media have different benefits and consumers and
prospects have different expectations from different media. So a brand
really can’t do everything with one form of media. For example, a great
deal has been said about how social media is great for brands for building
trust and creating a personal connection. It is very easy to develop brand
personality and rapport with consumers and prospects on social media.
That being said, consumers and prospects generally do not like to feel like
they are being sold to over social media. So it’s a great way to develop a
relationship. But a more overt sales message ought to be on a different
platform. Brands need to recognize this and optimize the use of each
source of medium. No one media can be used for everything.

Q: How can brands ensure they are delivering the seamless, cross-channel
experience people want?
A: Despite this notion that different media are optimal for different actions, brands
have to ensure that the message is seamless. There are three aspects of this.
The first two are connected—simply that there needs to be consistency in how
the brand and message is defined across channels.
1 Identify your brand personality/voice and keep it consistent. If the brand is
light-hearted and witty in its ads, then that same tone needs to be used
in social media. Brands make the mistake of perceiving social media as a
more relaxed and casual interaction than traditional media. While this is
true, the voice of the brand—who it is and how it speaks to the consumer
or prospect—needs to remain consistent.
2 Identify your message and stay on message across media. What is the
take-away message that you want consumers and prospects to learn?
Is it that your brand offers a specific feature or quality? That it is low-
price? Whatever that message is, it needs to be re-affirmed every time
the consumer or prospect engages with the brand—whether that’s when
viewing a print ad, visiting the website, the Facebook page, the store,
or whatever.
3 Then the third is to acknowledge that the various media channels do not
each work in a vacuum and make the most of that. So the consumer or
prospect who sees a particularly good television ad might be motivated
to visit the company’s website or Facebook page. Or the consumer or
prospect who reads a Tweet might be motivated to visit the store.
Brands are, indeed, capitalizing on this—featuring social media hashtags
and/or web addresses in traditional media or making their television ads
available on YouTube. But all brands need to assume such behavior will
occur and then take the next step of motivating it because a consumer’s
or prospect’s brand involvement naturally increases when he engages with
the brand across media.
Q: What is the inherent risk in not providing it?
A: See all of the above. But basically this is a huge opportunity that brands can’t
ignore. If you are missing a media channel you may be missing the chance
to engage with the consumer or prospect in, not just another manner, but a
different manner with different benefits.
Moreover, the consumer and prospect these days expects this multi-channel
approach. Their view of the brand is going to be negatively influenced if,
after viewing a television ad, they find the brand doesn’t have a social media
presence or, if after seeing the brand on social media, they are unable to locate
its latest television ad campaign on YouTube.

YOUR ESSENTIAL RECAP
ON CROSS-CHANNEL
MARKETING
1 The customer experience, be they a B2C or B2B customer, is broken.
2 Far too many customers do not receive a true cross-channel
marketing experience.
3 One reason for this is the fact that a given person can have multiple IDs—
each of which can be used for marketing purposes.
4 Thanks to Identity Mapping, marketers can create an ID map strategy that will
help marketers connect the dots between all the disparate IDs.
5 It is less about the accuracy of a particular attribute (is someone interested
in buying X), but more around the accuracy of identifying who they are
across all channels and touchpoints so you, as a marketer can deliver a
more relevant message.
6 Proper measurement and attribution of cross-channel marketing is essential.
7 Measuring results from cross-channel campaigns won’t be possible, however,
without strong leadership in the marketing department.
8 Today, most marketing and rudimentary automation systems only leverage
limited data about the customer, such as whether or not they purchased, or
whether or not they opened and clicked on any link in an email.
9 Marketing teams, processes, and the tech they use to reach customers
operate in silos which prevent true cross-channel marketing from becoming
a reality.
10 These silos must be knocked down to ensure long term loyalty.

ABOUT ORACLE MARKETING CLOUD
Modern Marketers choose Oracle Marketing Cloud to build
customer obsessed cultures, create and manage ideal customers,
and power revenue performance. They use award-winning technology
and expertise to transform marketing by truly knowing the customer,
engaging with cross-channel marketing, and achieving data driven
accountability. Integrated information from cross-channel, content, and
social marketing with data management and activation along with hundreds
of app and data partners enables them to target, engage, convert, analyze,
and use award-winning marketing technology and expertise to deliver
personalized customer experiences at every interaction.
Visit oracle.com/marketingcloud.
Copyright © 2014, Oracle and/or its affiliates. All rights reserved.

cross-channel-essentials-gd-oracle

More Related Content

What's hot (19)

Similar to cross-channel-essentials-gd-oracle (20)

cross-channel-essentials-gd-oracle