Koch, Christian; Olbrich, Rainer:
Dynamic customer journey analysis in multichannel marketing : literature review, empirical study and implications for research and advertisers
Hagen: FernUniversität in Hagen, Department of Business Administration and Economics, 2023
(Research paper ; 10)
2023Open Access
03 Rechts-, Wirtschafts- und SozialwissenschaftenRektor/in » Fakultät für Wirtschaftswissenschaft » Fak. WiWi - Lehrgebiete » Fak. WiWi - Lehreinheit BWL » LG BWL, insbesondere Marketing
Titel in Englisch:
Dynamic customer journey analysis in multichannel marketing : literature review, empirical study and implications for research and advertisers
Autor(in):
Koch, ChristianHSB
ORCID
0000-0002-3837-8426ORCID iD
SCOPUS
57768428700
Sonstiges
der Hochschule zugeordnete*r Autor*in
;
Olbrich, RainerHSB
GND
121665348
SCOPUS
10139300400
Sonstiges
der Hochschule zugeordnete*r Autor*in
Erscheinungsort:
Hagen
Verlag:
FernUniversität in Hagen, Department of Business Administration and Economics
Erscheinungsjahr:
2023
Open Access?:
Open Access
Umfang:
75 Seiten
Sprache des Textes:
Englisch
Schlagwort, Thema:
customer journey ; customer journey analysis ; attribution ; multichannel marketing

Abstract in Englisch:

In contrast to previous research, this paper is the first to develop a dynamic approach to analyze customer journeys and examine its suitability for measuring advertising impact and predicting sales. The time periods of data collection have an impact on the measurement of advertising impact. In this regard, the timeliness of data is more relevant to determine the advertising impact of channels than collecting data over the longest possible period. The consideration of current customer journey data, combined with rolling advertising impact measurement, enables continuous improvement in the accuracy of advertising impact measurement. Rolling advertising impact measurement of channels can also contribute to more accurate prediction of future sales. However, short-term changes in transition or conversion probabilities can also lead to an increased risk of forecast errors if they prove to be outliers. Advertisers should continuously analyze their customer journey as part of interactive marketing management to improve the allocation of advertising resources.