As a small business, you have to monitor your budget closely to ensure every penny comes with a strong return on investment. SMS marketing provides many benefits that are well worth the investment for any small business. It is a cost-effective solution that has high response rates. As an added benefit, it increases customer engagement, which, in turn, leads to more loyal customers. The following are just a few of the reasons why many small businesses are turning to this highly lucrative marketing channel.
Texting helps you build a more intimate relationship with your customers.
One of the best reasons to adopt SMS marketing is that it is a more direct and intimate channel. Almost everyone owns an SMS-enabled phone. Of smartphone users, almost 100 percent use text messages. It is not just Millennials. Baby Boomers and older generations also consistently text. Additionally, texting is not as saturated by promotional messages as email or social media. This means that your text will arrive right next to texts that are mostly from friends and family members, making it possible for customers to unconsciously place you in the same category.
SMS marketing is the perfect medium when you need a fast response. Most people carry their phones with them everywhere and check it over a hundred times in a day. This means that they will see your message quickly and respond just as fast. In fact, the average response rate for texts is just 90 seconds, while the average response rate for email is 90 minutes. Which kind of response would you rather have?
Targeting More Engaged Customers
Text message marketing is an opt-in channel. This means that in order to send messages to your customers, they must sign up for the program. Although this leaves out a fair number of people, it does mean that you are working with more engaged customers at the baseline. Because they have signed up for your SMS marketing campaign, they already have a relationship with your company and wish to know more. This makes it easier to convert them into customers.
If you are looking for a marketing channel with a high engagement rate, then SMS marketing is the right channel for you. It has eight times the engagement rate, along with high click through rates and redemption rates. Customers not only read the texts; they also take action. This leads to a much higher return on your investment.
Stand Out From the Competition
With texting, it is easier to compete with the larger corporations.
As a small business, it is difficult at times to distinguish yourself from your competition, especially the larger corporations. Many large companies have yet to adopt text marketing because they have so many other advertising channels, which means your business stands out when you text.
When you have a small marketing budget, it is harder to develop marketing collateral that really stands out when you are trying to compete against brands with a significantly higher budget than you.
SMS marketing levels the playing field. It is a text-based marketing forum, which means you do not have to worry about developing expensive graphics. It is also short-form content since you only need 160 characters per text. This makes it much less expensive to run a strong texting campaign, especially when you also add in the cost of texting, which is often just pennies per text.
SMS marketing provides a cost-effective solution for small businesses to engage with customers and build their business. If you have not considered adding it to your marketing strategy, then it is time to do so and see how it can provide the boost you've been looking for.
Ready to see how texting will provide a boost to your business? Try ClubTexting for free and experience these benefits for yourself.