
Multi-channel marketing is growing, as well it might
given the number of new channels and tools, judging by Multi-Channel Marketing Trends 2024, a study by Ascend2.
And brands are getting better at it—30% now call themselves
best-in-class at using multi-channel marketing to achieve their strategic marketing objectives, up from 17% in last year’s report. And 65% are somewhat good at it.
Moreover, they expect these trends or technologies to have an impact on their multi-channel marketing efforts over the next two to three years:
- Artificial
intelligence and machine learning—70%
- Chatbots and conversational marketing—45%
- 5G technology and faster internet
connectivity—39%
- Augmented reality (AR) and virtual reality (VR)—37%
- Voice search and smart
speakers—22%
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But multi-channel marketers face challenges, which have shifted. In one of the most dramatic changes, 32% now see ineffective attribution as a hurdle, versus
21% in 2023.
Data quantity is also more of a problem, going from 21% last year to 27% this time around. And 19% now cite siloed/conflicting data, compared to 11% last
year.
But budget pressures appear to have eased—43% list insufficient resources as an issue, down from 50% in the prior year.
Email ranks third
among effective channels, but it has lost some of its luster—36% now say email has an impact on their multi-channel success, compared with 45% in 2023.
First-ranked
is social media, which jumped from 46% to 55%. And digital advertising went from 25% to 41%.
In addition, content marketing leaped from 23% to 33% and public relations from 14% to 22%.
Account-based marketing increased from 9% to 16% and influencer marketing from 9% to 14%.
It is no small job to maintain a consistent message across all channels. The respondents do this
through:
- Regular team communication and collaboration—61%
- Centralized marketing management tools—48%
- Brand guidelines and style guides—43%
But not all put great effort into it. They ensure consistent messaging as follows:
- Minimally—18%
- Moderately—48%
- Extensively—20%
- Fully personalized for
each channel—9%
Individual channels aside, the respondents list these essential attributes of a successful multi-channel strategy:
- Data
quality—52’%
- Accurate measurement of performance—50%
- Marketing automation—37%
- Integrated/unified marketing technology—35%
- Dashboard/visualization of analytics—31%
- Data
accessibility—31%
- Optimized channel mix—26%
Ascend2 surveyed 365 marketing decision-makers during the week of May 12, 2024.
Of these, 22% are in B2B, 47% in B2C and 31% in B2B and B2C equally. As for size, 19% are in firms with more than 500 employees, 31% in companies with 50 to 500 and 50% in entities with fewer than
50.