Essentials Magazine Essentials Summer 2019 | Page 32

Serving the Omnichannel Shopper A BY SHILPA MARANO lthough everyone is talking about it, omnichannel feels abstract for many organizations. When looking for examples, most stories tout huge companies with big budgets and wide national appeal. How is a small or mid-sized company supposed to compete? I dare to challenge the notion that omnichannel is just for the big guys. Fear comes from misconception. Om- nichannel is not a “go big or go home” concept, it can be approached in phases. It’s born from a company’s cul- ture and its execution is an evolution. Education is the only way to get past the intimidation. So, let’s start by defining it. Om- nichannel often gets confused with multichannel, but while there is some overlap, omnichannel is actually a more mature version of multichannel. The root “multi” means many. In this case, it refers to enabling shoppers to shop in multiple ways but assumes the shop- 32 essentials | summer 2019 per stays in that channel for the entire shopping experience. Omnichannel, on the other hand, comes from a root that means “all.” Omnichannel strives to orchestrate a unified experience across all channels by breaking down friction between shopping methods. Shoppers today zig zag between channels. They might see an ad on social, go to the website to learn more about the product, visit Amazon to read reviews, make the purchase on the website, and then head out to pick it up in the store. They go to these lengths to find the exact right product, to be con- fident in their purchase, and to get the product when and where they want it (i.e. pick-up-in-store or ship-to-home). So, who is really driving omni- channel? It’s the shopper! And the merchants who understand this are the most successful. They realize that their job is to support shopper behav- ior by adding convenience and consis- tency to the buying journey. Consider the steps that make up that journey: 1. Awareness (advertising, word of mouth) 2. Interest (video demonstrations, pictures, descriptions) 3. Consideration (product attributes, reviews, price, availability) 4. Purchase (speed, ease, payment flexibility) 5. Post purchase (shipping, in store pick up, packaging, returns) 6. Re-purchase (add-ons, reorders) Shoppers dance between channels