In the past, brands might have launched advertising campaigns on the radio and hope that they’d catch their target audience at the right time.
Over time, these same brands might have added more channels to their marketing mix by sending direct mail to consumers’ mailboxes, buying ads in newspapers and magazines, and placing commercials on television.
In today’s always-on digital age, having multiple channels is a common and effective way that multi-retailer brands structure their marketing mix, including programmatic advertising, social media, email marketing, mobile marketing, and search, among others.
By building and implementing a robust multichannel marketing mix, brands are able to increase the chances they reach consumers across channels. In turn, this enables each consumer to interact with their preferred brands using the medium they’re most comfortable with.
Generally speaking, here are some of the mediums you should consider investing into as you develop your multichannel strategy:
As you can see, these channels play off one another. A well-oiled multichannel marketing mix has content flowing across multiples to target - and retarget - consumers where they are engaging.
When it comes to building the perfect multichannel marketing mix for your brand, there are many options to choose from. Unfortunately, there isn’t a one-size-fits-all solution either—what works really, really well for one brand may yield no results for another. That’s why it’s important to always lean on data to understand which channels are going to be the most effective and to make sure your brand’s channels are diversified, so they aren’t just relying on one or two sources.
One of the best ways you can do this is by analyzing purchase intent. By understanding which parts of your marketing mix are encouraging consumers to reach into their wallets, you will know where to spend more dollars and how those investments help your organization accomplish its goals.
Keep in mind that not every consumer will be influenced by the same content and advertisements, and the expectations the same consumer may have on different channels may be different. By segmenting your audience based on the major drivers of purchase intent, you can identify several different paths to online sales and optimize each of them.
Being able to build a robust multichannel marketing mix that engages your consumers on the right platforms and at the perfect times is only possible when you have access to the right real-time data.
Schedule a demo of MikMak today to learn more about how you can optimize your multichannel marketing campaigns with a powerful and intuitive platform that brings the insights you need to figure out the best way forward—right to your fingertips.