Month: November 2020

In March of 2020, the world as people saw it officially changed when the novel coronavirus outbreak became the Covid-19 pandemic and dramatically affected the lives of millions of people around the globe. Wearing facial masks became ordinary, and social distancing became the societal norm.

Due to the fear of getting sick, people did not leave their homes to shop, so they did the next best thing—they shopped from their homes’ comfort for everything they needed while on their computer or cell phone.

From groceries to clothes and from toilet paper to electronics, people had the online convenience to shop for all they required and all they wanted, thereby boosting the eCommerce industry into a digital stratosphere the world has never seen before but will probably see again.

How though? By way of omnichannel retail marketing.

Read on and learn more about this digital phenomenon, how learning about it can help your digital marketing agency, and the three reasons it is the ultimate future of the eCommerce industry.

What is Omnichannel Retail Marketing?

In short, omnichannel retail marketing bridges the physical world with the digital world. In the long-form, omnichannel retail marketing is the fully integrated marketing approach to multichannel retail and commerce, which provides a unified and seamless consumer experience across all channels and touchpoints. Such channels include cell phones, eCommerce marketplaces, computers, in-person storefronts, TV, radio, mail, catalogs, social media, etc.

Overview of Omnichannel Retail Marketing

According to Salesforce’s studies, 55% of consumers say there is somewhat of a disconnect while switching between channels during their retail experiences. Yet, Statistica’s additional research suggests that only 22% of retailers in North America consider omnichannel experiences a top priority as many of them have only been using multichannel marketing strategies.

Multichannel vs. Omnichannel

While omnichannel and multichannel get often used interchangeably, they are two different ideas.

Multichannel refers to separate and disconnected channels, while omnichannel talks about the connection between the digital and the brick-and-mortar and their ability to seamlessly work together to improve a customer’s buying experience journey.

Another distinct difference between multichannel and omnichannel is their ultimate goals.

Multichannel concentrates more on the sale and doing everything it can to make the deal happen. On the other hand, omnichannel marketing focuses more on merging a brand’s physical world with its digital world to improve customer retention and provide a laid back, unforgettable, and consistent shopping experience–something every digital marketing agency needs to know about.

But how do you deliver an omnichannel retail experience?

First, you need to understand your consumers’ behavior and become familiar with their journey using multiple channels, including online, eCommerce, social, mobile, and in-store. You must understand your customer and what influences them, drives them, and keeps them coming back to your store. By gaining a deeper understanding of your customers, you will need to expand your number of touchpoints in a purposeful way to deliver what the customer wants before they even realize they want it. 

Second, brands must implement technology that can share inventory and product data with customers in real-time, through any channel, but can gather information to personalize the buyers’ shopping experiences.

But early 80% of retailers state they fail to offer consumers a unified brand experience because they are falling behind, and here is a list of the reasons why:

• Lack of internal organization (39%)
• Lack of consumer analytics across channels (67%)
• Siloed organization (48%)
• Low data quality (45%)
• Inability to identify consumers across shopping trips (45%)

You can start to overcome the obstacles above, with not only the help of a digital marketing agency, by understanding the potential of omnichannel and why its strategies are critical to your campaigns’ success.

Why an Omnichannel Strategy is Critical for Campaign Success

Omnichannel retail marketing will not just track consumers across one or two channels, but all of them. Omnichannel retailers will allow consumers to experience a brand and not only a channel within a brand.

Omnichannel retail marketing must be implemented sooner rather than later, to uphold a competitive advantage.

The omnichannel user experience leverages data about one sales channel to invite the customer to participate in another, thereby allowing their actions to feel inherent to the given medium instead of forced.

One primary reason an omnichannel strategy is critical for campaign success is that nearly 75% of shoppers state they use multiple channels to compare prices, look for deals, or use in-store tablets to shop on the internet. Besides, omnichannel customers spend 4% more on each in-store shopping occasion and 10% more online than single-channel shoppers.

In short, the more channels a customer uses, the more money they spend.

Read on and discover 3 Reasons Why Omnichannel Retail Marketing is the Future of eCommerce, and how a digital marketing agency can help.

3 Reasons Why Omnichannel Retail Marketing is the Future of eCommerce

More Personalized Experiences

When consumers feel like the brand knows them, it personalizes their shopping experience. The goal of omnichannel retail, after all, is providing shoppers with one easy, cohesive, and smooth shopping process.

An online business needs to consider what people want to see, and no matter how shoppers interact with the retailer, they need to get the same positive impression of the retailer’s brand.

Shoppers care about personalization. According to an Evergage study, 96% of marketers have improved customer relationships by providing personalized shopping experiences. In comparison, 88% of the study’s respondents said their customers and prospects expect a personalized experience.

In short, consumers want things to be personal for them, which is one primary reason why omnichannel retail marketing is the future of eCommerce.

Detailed Information About Customer Behavior

Omnichannel retail marketing will give consumers personalization, but it will provide data about their behavior to satisfy their needs.

With all the different ways to enter into a brand’s ecosystem, retailers need to understand their consumers and their behavior more than they have ever had to before.

According to Harvard Business Review research, approximately 7% of participants shopped exclusively online, while only 20% shopped solely in retail stores. The remaining percentage favored a mix and used multiple channels throughout their shopping journey.

Due to this eclectic combination, it is imperative to know when a customer first encounters your brand and when they end up finally converting. Gaining access to these different pathways can help companies better understand how to give improved experiences to their shoppers and recognize the key touchpoints, thereby funneling their marketing budget adequately.  

Retailers Can Concentrate on the Most Effective KPIs and Effectively Target Customers

If you have a better understanding of the various touchpoints customers use and how they navigate their way through your brand, you can more effectively and efficiently optimize the points they convert.

Approximately 71% of consumers use their phones to research products before buying them—even while they are already in the store. So, developing an omnichannel marketing strategy that targets and converts potential shoppers at precisely the right time is essential.

Suppose brands better understood how consumers use each channel (whether to purchase or research). In that case, they could put additional resources into the conversion point—or any other point that pushes the customer to convert and buy the item).

Brands need to track data and make more informed decisions based on it. There are five key touchpoint areas worth considering: awareness, engagement, trial, conversion, and loyalty—the two most important of conversion and loyalty. Why? Conversions drive new business while loyalty drives repeat business.

Not every touchpoint will create conversions or even drive conversions to the right touchpoint, so they may either not need any attention or may need more attention than ever before. Additional data does not equate to better decision making, so understanding that while you may have more KPIs (or key performance indicators), it is critical to focus on the ones that drive your growth and customers’ experiences. An experienced digital marketing agency can assist you with this very thing.

Besides, omnichannel marketing relies on holistic approaches to measure success.

So, when your brand starts thinking about omnichannel retail marketing, or if you have questions, concerns, or circumstances you would like to discuss, Digilant is here to help. For over ten years, Digilant has helped digital marketing agencies and brands with omnichannel digital advertising strategies that are data-driven, actionable, and effective. Digilant’s success is due to continual innovation to help its clients with purpose-built solutions tailored to their needs. So, do hesitate. Contact Digilant today!

Digital advertising – and programmatic advertising specifically – has continued to account for a large portion of companies’ media budgets. In 2021, programmatic digital display advertising is projected to reach just under $80 billion in the US. With these growing investments in the industry, companies are more frequently looking to external partners to own the strategy, buying, and optimization of their digital media campaigns. Relying on digital advertising companies, not only frees up the company’s resources internally but also opens up the door to a team of digital media buying experts who understand the ins and outs of a complex and ever-changing industry.

However, there is no shortage of digital advertising companies in the US (and world), and deciphering which company will best fit your companies needs can be an overwhelming and daunting task. Whether you’re at the beginning stages of researching digital advertising partners or you’ve narrowed your list down and have started to more thoroughly vet a few contenders – it can be tricky trying to decide which company is the best fit for your company’s goals. To help you get started, we’ve outlined 10 important questions to ask before hiring digital advertising companies.

10 Important Questions to Ask Before Hiring Digital Advertising Companies

1. How do you classify yourself? 

As mentioned above, the world of digital advertising is constantly changing and so too are how companies define themselves. Understanding how a company classifies themselves (and their offerings) will ensure that you are partnering with a company that can accomplish – and hopefully exceed – your goals. Is the company a DSP? A trading desk? Management company? Platform company? Or something else? 

2. Do you have access to PMP and/or Open Exchanges?

There isn’t a right or wrong answer to this question, but knowing which the company has access to will give you an idea of where your media will be placed. PMPs (private marketplaces) give you greater control over where your media is being placed whereas open exchanges offer great scale.

3. What DSP do you use? 

This question would obviously be duplicative if the answer to question one is that they are a DSP. However, if the company is not a DSP, it’s important to know which platforms your campaign will be run on.  Companies like Forrester Wave, Digiday, and Gartner release lists of top DSPs based on a variety of factors. These are helpful resources to ensure the digital advertising company utilizes industry-leading DSPs.

4. What cross-device technology do you implement?

This question might seem niche to ask up-front, however, if you plan on running ads across mobile, desktop, and/or other channels, it’s not a question to overlook. Consumers no longer stick to one device – they’re browsing on their laptop, with social media open on their phone and music streaming in the background. As of 2018, the average consumer owns 3.2 connected devices. To ensure media budgets are spent effectively, you will want to ensure the company you choose has technology in place that allows for frequency capping across devices. 

5. What data providers do you have access to?

Knowing which data providers digital advertising companies have access to will give you insight into which audience segments and profiles they will use to access your consumers. Knowing this upfront will ensure that you are using a partner that will actually reach your audience. If you’ve been in conversation with a digital advertising company and their answer to this question is that they prioritize healthcare-related data partners, that might be a red flag if you are a CPG company. 

6. What brand safety measure do you implement in your campaigns?

Brand safety is a top concern among many brands (read more about how to combat brand safety concerns here). Digital advertising companies should have clear tactics and technologies in place to eliminate concerns about where your content will be placed. Whether it is solely PMP deals or creating custom block-lists, there are a variety of options companies can administer in order to ensure your brand remains safe. There isn’t an exact answer you should be looking for here, regarding which technologies they have in place, it is just essential that they have a clear answer for you.  

7. Do you offer creative services?

As mentioned previously, consumers use a variety of devices at any given time. Not only is it important to have frequency capping across these devices, but it is also helpful if your digital advertising company has access to reformat, design, and even create ads that can be used in these different ad placements. 

Weighing the importance of this answer is up to your discretion, as this might be something you can quickly handle in-house. But, it is helpful to know upfront that your digital advertising partner can also offer creative services either in a pinch or all the time. 

8. What is your optimization process? Automatic or managed by people?

AI and machine learning have been a hot topic in the industry for a few years now. Some digital advertising companies have leaned into this technology more than others. Those who have stayed away from this automated technology will rely on people managing your daily bid process. 

Similar to creative offerings, the importance of automated vs. human-led optimization should align with your companies values and preferences.  

9. What level of transparency do you provide in reporting?

Since the early stages of digital advertising, ad tech companies have had a pretty long leash, working pretty much autonomously. In more recent years, brands have started to hold digital advertising companies accountable, demanding greater transparency as to where their budgets are being spent. Digital advertising companies should be giving you a holistic view of your campaigns throughout the entire customer journey. 

10. What are your fees and how are they calculated? 

All digital advertising companies have different ways of calculating fees: percentage-based, standard rate, etc. This, again, is a subject of choosing a digital advertising partner that is up to your discretion – or the determining factor when comparing different companies. It is, however, important to know how the company you’re going to partner with calculates and charges their fees. 

Tying it all together: Picking a Digital Advertising Company

As mentioned previously, for most companies, digital media budgets are rapidly growing. Companies that are choosing to invest these budgets through digital media companies to organize, manage, and optimize their digital advertising campaigns need to ensure that the money is being spent efficiently. However, whether your digital media spend is in the millions of dollars or thousands of dollars, the digital advertising company you choose to partner with should align with and work their best to achieve your company’s goals. 

Digital advertising companies aren’t perfect, there might be aspects that don’t one hundred percent align with what you are looking for from a partner. As you’re getting started with this process, make a “must-have” list of things you want from a digital advertising company. Prioritize these things and ultimately use them to guide your decision. Although the digital advertising company you choose might not be perfect, it should perfectly fit your must-have list.

And, a good rule of thumb to always keep in mind as you ask these questions: if it sounds too good to be true, it most likely is. 

Digilant is Different than Other Digital Advertising Companies

Digilant is a platform-agnostic, omnichannel marketing partner. We partner with agencies and brands to bring online marketing services that make the success of all things digital possible. All our clients work with our team of planning and insights experts who incorporate data from 100+ partners. With these data partnerships, we create a thorough plan that will work as a roadmap throughout campaigns. 

Once your campaign is ready to go live, we implement your brand safety toolkit – which ranges from high safety measures such as exclusively PMP deals to the standard toolkit including an always-on blocklist. We combine the power of technology with the unmatched personalization and expertise of the human touch. Our team of digital campaign experts consistently works to optimize campaigns, in real-time. 

As campaigns are running, we offer real-time reporting and measurement that is 100% transparent. We understand the importance of a holistic view of campaigns, throughout the entire customer journey, across all devices.  

We also understand there’s more you’re thinking about as you’re researching where to invest your media budgets: your budget. That is why we have created 3 different models of service: full-service, managed service, and self-service. We understand that your media needs may change, so we have service models to adapt to these changes, without missing a beat in your campaign. As you continue researching digital advertising companies

Digilant is eager to show you how our winning client service can help maximize your digital media budgets in 2021. Let’s talk.

It is no secret that analytics and data-driven measurement are crucial components to brand success. With the current circumstances of the  COVID-19 pandemic, data analysis and measurement have become even more critical. Companies must continuously engage with their customers, create relevant content, and grow their businesses, all while their budgets are being cut significantly. During these uncertain times, companies need to become more efficient than ever before.

Brands need a transparent view of their marketing efforts to optimize limited budgets. Thankfully, today’s technology enables real-time access to data and insights regarding the best (and worst) performing elements of campaigns. 

“Diglant’s Analytics solution successfully provides the integration of various platforms and channels for a transparent, 360-degree view of a brand’s advertising and marketing efforts.”

– Wes Farris, VP of Product, Digilant.

Companies can use data and insights to adjust key performance indicators (KPIs), eliminate unnecessary waste, and direct their spending towards the best performing channels and strategies. Greater transparency enables companies to make informed, timely decisions about which direction to take with their marketing efforts.

Below we’ve outlined 3 reasons why analytics and transparency go hand in hand:

1. Better Channel Efficiency:

Analytics and measurement are critical components to advertising because they allow you to justify increased spend towards specific channels or tactics that are moving the needle on your goals, whether it’s increasing brand awareness or bringing in conversions. 

“At Digilant, we provide clients with a centralized location where they can have a unified view for performance across all the platforms, such as MediaMath Media Math, Google Adwords, and Google Analytics.”

– Chander Yadav, Director of Analytics, Digilant.

You can quickly analyze and decide what channels or platforms are working and which ones are dragging you down, so you can quickly add or drop budgets. 

2. More Tactical Optimizations:

Not only does an analytics solution provide channel and KPI analysis, but it can also hone in on tactical performance to help drill down channel level details that might otherwise be overlooked. 

For example, Digilant’s analytic solution allows our team to quickly look into the paid search channel and see which keywords are driving the value for the client, allowing us to optimize the bidding. With the mobile SDK integration, we can see how many users downloaded a specific brand’s app or how many hours they spent within this app. Moreover, we can learn what creative messages resonate with customers, what is the best time of the day to reach them, and what devices customers use to engage with brands.

With this holistic, unified view companies can quickly see which campaign or which metrics need attention and optimization to make sure that they spend their media budget efficiently.

3. Prevent Data Bias

Omnichannel data views allow us to analyze how each channel is contributing to the larger picture. When running campaigns, one could assume that social media paid efforts may result in more leads, but with data, we can confirm or deny this assumption. 

Although dashboarding allows for easily accessible data, one must still consider that data doesn’t always show the whole story. One of the biggest challenges that companies face when evaluating their performance is that insights can be biased, even those gained from the largest advertising players such as Facebook, Google, or Amazon. 

Unfortunately, there is no 100% truly unbiased solution. However, many experts believe that multi-touch attribution models (which are tied to a user cookie) developed by independent data measurement platforms show better visibility and report data in an unbiased way. The future will reveal how the industry will replace cookies, and if brands will rely on specific publishers or other independent players. 

How to blend analytics and transparency in your digital advertising

At Digilant, we provide a unique value for our clients by educating about the pros and cons of options and providing our clients with the best solutions for measurement and transparency. 

Interested in learning more? Let’s talk.