Marketers need an increasingly greater awareness of the differences in multichannel engagement levels between different types of consumer, according to a study by business analytics firm SAS and Professor Hugh Wilson of Cranfield School of Management in the UK.
The study found that, while the majority of marketers base behavioural targeting on customer segmentation by demographics, the explosion of online and offline channels now has highlighted new and often more successful ways to segment customers based channel preferences.
"Marketers need to develop single customer view that goes beyond marketing to touch every single customer facing department, from individual retail outlets to accounts payable," explained Dr Charles Randall, solutions marketing manager for SAS UK. "The ability to analyse all of the information about customer preferences and behaviour will ensure that targeted marketing strategies and the channels used, are relevant to the individual and more likely to have the desired impact."
In a recent study with market research company MESH Planning, more than 500 UK consumers were asked by SAS to rate their experiences of different brands across ten different channels. SAS used those results to develop six distinct customer profiles, as follows:
According to Randall, marketing will only be able to have the desired impact if it is relevant to the customer, and a big part of that objective lies in using the right channels to target each individual. With so many different communication channels now available, marketers must change their mindset from focusing on what to sell to each customer, and instead focus on how to sell products more effectively, with greater relevance, and through the most appropriate channels.
The full study report, entitled 'Pleased to meet you: How different customers prefer very different channels', has been made available for free download from the SAS web site - click here (free registration required).
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