Referral Marketing Through SMS Messaging
What is one almost guaranteed way of getting new customers? Ask for them. Really. Studies show that 83% of satisfied customers are willing to recommend a company, product or service to their family and friends. In reality though, only about 29% of those customers actually do.
How can you improve the chances of that other 54% actually sharing how much they love your company? Start using referral marketing. Whether you have just a few customers or a thousand, a quick, easy, and reliable way to reach out and ask is with SMS messaging.
Here’s how the process would work:
- A customer makes a purchase or uses your service.
- You follow up with them to see how they are getting on.
- After the follow up send them a text message with a coupon code, link, or special offer for them and a friend (or many). Let them know they can forward the text message directly to a friend to make it as easy as possible to share.
Surveys have shown 92% of people trust recommendations from people they know. A satisfied customer is the best marketing you can have, if you can get them to share their opinion.
You may be wondering why you should use SMS messaging to ask for referrals. Why not email, or social media? Well, you can do that too and probably should. But given the generally poor email open rates and high SMS read rates, it’s much more likely your customer will see the offer (and request) in an SMS message than in an email. The same is true for social media. You can tweet or post a referral offer, but what is the likelihood your customer will see it given how much we are all inundated with social media updates?
Another advantage SMS messaging has it that it can be immediate and automatic, but also personal. Sending a text message to a particular customer in response to an action they took (a purchase, customer service call, survey completed, etc.) will make them feel appreciated and probably even more enamoured with your company. A general blast across social media or email won’t have that same impact. Yes, email can be personalised too, but they aren’t perceived by people as personal messages as much as a text message is.
And if you’re still thinking this sounds like too much work, maybe an example can help.
Have you ever heard of Etsy? It’s a company offering a virtual marketplace online for artisans of all sorts from every corner of the globe to sell their wares. They have 40 million members, 1 million “shops”, artists in over 200 countries, and a total sales volume of $1.35 billion in 2013 (£615).
Ninety percent of their business comes from referrals.
Want to know how to put that kind of power into your marketing? Contact us today to see how we can help you integrate SMS messaging into your business.
The first thing to remember is that legally, you must give the customer the chance to both opt-in and opt-out of your SMS campaign - but the good news is people are happy to opt-in - 49% of them according to a 2014 survey. So all you need to do is stay compliant and follow some basic guidelines to grow your list.
SMS messaging took off in 2016. And that’s saying something for a technology that’s been around twenty-five years. Come take a look at the past year and see what we think 2017 will bring to the industry and how you can use it in your business.
In one of my blogs last week, I talked about a marketing study by Vibes and what it said about SMS marketing. This week I wanted to take another look at it from the perspective of the mobile wallet industry, also covered in the report. It turns out there is a strong case for integrating your SMS marketing with mobile wallets. Let’s take a look.
You’ve probably seen many SMS opt in messages. They’re usually short little blurbs on websites, flyers, TV ads and many other places. You might have even heard one on the radio. They’re so simple, it doesn’t seem it would take a lot of time to make them right?
A recent eMarketer article on the effectiveness of mobile banner advertising reports the main reason people don't click is because they aren't interested in the offer. In fact, only 24% of those surveyed say they clicked on a mobile banner on a website in the last three months.
With the continued rise of different and more diverse technologies in the social and mobile web, it would be easy to dismiss the potential benefits of SMS marketing - and that’s exactly the reason you shouldn’t. An SMS is the unexpected visit of a familiar friend, and there’s one demographic that embraces an old trusted ally in this new, noisy digital world more than anyone else: the millennials.
Whether it's a cinema, theatre or concert hall, your entertainment venue is missing a trick if it's not utilising SMS marketing to get those bums on seats. We take an in-depth look at how all kinds of entertainment venues can really make the most of SMS marketing.
Mobile marketing includes many different advertising channels. Most of them include placing an ad in front of a mobile user. Many of us are used to ads online, but they do tend to get annoying. At least that’s according to an eMarketer report on a study done by Instantly.