How to Use SMS Marketing to Counter Retail Fatigue
At the end of last year, online holiday sales grew to just over 20% of total sales. That’s great news for online retailers in general. But between Brexit uncertainty, inflation and deep discounts, the overall retail picture isn’t so rosy, even for online stores.
According to an article on eMarketer.com, Brits are just not so excited about the typical sales seasons anymore. The article discusses a survey done by MasterCard, where 90% of UK consumers agreed they have “fallen out of love with January sales”.
And the trouble may go farther than just January. After several years of pre-Christmas discounting, including Black Friday and Cyber Monday, 65% of Brits have decided that bargains aren’t bargains unless they are 30% off or more. Another 25% needs to get discounts of 50% or more “to consider something a steal”.
Combine those attitudes, inflation, and uncertainty, and the retail outlook isn’t something to cheer about. But there are things retailers can do to help their situation. One of those things is using their SMS marketing list to keep their most ardent buyers interested.
Ways to Boost Sales with SMS
If you’ve run a good opt in campaign, then the people on your list aren’t the average customer. They really like your brand, products or services. Because of that, the offers you make to them may not need to be as good as the disenchanted respondents in the survey above require. That is, they may jump at a good deal (maybe 10% off), when everyone else is looking for a great one (perhaps 30% off).
But that doesn’t mean the offers shouldn’t be special. Here are some ideas on how to keep your SMS list interested with exclusive offers, without hurting your overall margins.
Offer exclusive deals to the list – One thing people on an SMS marketing list expect is special treatment. If they see the same offer on Facebook and in their email, they’ll wonder why they bothered to give you their mobile number. But because they did, you can provide them with something good without needing to be outlandish. Maybe it’s an extra 5% off an existing sale, or a special one-time use coupon code for an exclusive buy-one-get-one offer.
Add a loyalty program – Since people on this list are likely to be your best customers, treat them as more than just a list of customers. Treat them as your most loyal friends. Offer special rewards for those that make purchases from your SMS offers. If you already run a rewards program, give the list some extra loyalty points or reward coupons. Whatever you do could be as simple, or as elaborate, as you want it to be. Any extra you can provide them though, will help cement their loyalty, and keep them on your list.
Get them in store – For stores with a physical location, try offering a freebie or special bonus if they visit in store instead of online. It could increase the total order size when they see what else you have in stock. And it will make them feel super special to get the bonus when other customers don’t. It might also help other shoppers opt in to your list if they see what great deals and special treatment people on the list get when they come to the store.
Run a contest just for your list – Contests are one of the most popular uses of SMS marketing. They are often run in conjunction with an opt in campaign. But they can be put to use for your exclusive list too. Have a competition or prize draw for something you know your lists likes and will get excited about. It doesn’t have to be extravagant. People love free stuff so even a £10 voucher could be super exciting to someone who shops with you regularly (like your list does!)
There isn’t much to be done about the overarching issues with the economy and the sales fatigue after so many holiday sales. But you can make the most of what you’ve got, and that’s a list of loyal buyers. You just need to give them a reason to shop!
Uncertain economic times and an ever-extending holiday retail season is apparently making Brits less excited about the “usual” sales. But don’t worry, find out how SMS marketing can help you boost sales even in the face of retail fatigue.
Shoppers are very tech savvy. Even when they shop in store they are using their mobiles to do price comparisons, look up reviews or post on social media. And while your customers are busy using tech, your store needs to be using it too. SMS is one of those technologies that can really enhance the shopping experience whether your shoppers are in store, or not.
SMS messaging can be a one-way, or a two-way affair. Sending coupons, sale notifications, or event announcements are all one-way messaging. The recipient doesn’t need to reply in order to use the information sent. In two-way messaging though, recipients can reply to your messages. And that makes it much more interesting, engaging, and potentially a lot more work to manage.
One of the key takeaways from the Salesforce 2015 State of Marketing Report was that when mobile is integrated into your marketing strategy, everything performed better. That makes sense when you think about it. Mobile is a unique channel that provides you a direct link to your customers.
E-commerce businesses have a huge problem. Consumers fill up their shopping carts, then rudely abandon them before completing a purchase. Of course, they don't mean to be rude, they have their reasons for leaving a full cart behind. But what if it were possible to get some of those sales back?
SMS coupons have redemption rates ten times email coupons. Averages run around 30%, but they could be as high as 45% for personalised messages. Even with those great numbers, retailers can still lose money to fraud. Find out how make sure customers only redeem your coupon once.
It’s been said that to be successful at something, you need to find someone that’s already done what you want to do, then emulate them. You don’t need to create or rewrite the rulebook every time. This is true of marketing too. While it’s a creative field, there are tried and true examples of what works. This is why case studies are so important to helping you understand how something like SMS marketing can work for you.
Mobile marketing offers an unprecedented access to your customers virtually any time, anywhere. This is particularly true for SMS marketing because it is “always on”. Customers don’t have to be surfing the web, or using an app to receive messages. Instead, they see the marketing messages right alongside ones from their friends and family.