Is Email Marketing or SMS Marketing Better for Your Business?

Is Email Marketing or SMS Marketing Better for Your Business?

For decades, email marketing has been the preferred method for sending and receiving mass messages and reaching audiences. Text (or SMS) marketing, on the other hand, is quick and cost-effective. So, which reigns supreme?

Email or SMS marketing?

In order to figure out which strategy is right for your business you need to consider factors like: cost, click-through rate (CTR), conversion rate, level of engagement, open rate, and ROI – just to name a few.

In this article, we will breakdown the differences between SMS marketing and email marketing. We'll explain each strategy and demonstrate how they work, their benefits and drawbacks, and when to use them. Also, whether you should hire the services of a digital agency for help

So What Exactly Is Email Marketing?

Email marketing is mass-sending emails to people (leads or customers) on your e-mail list. The people on your list have chosen to be there. You send emails to inform current and prospective customers about new products, services, discounts, and special offers. Consider it a direct method of communicating with your customers in which you have their permission to send them promotional information. Your email list should be one of your most valuable business assets.

The Benefits and Drawbacks of Email Marketing

Approximately 125 billion emails are sent every day. Emails are an important part of any business, and it works best for delivering more detailed information. It also has a much higher ROI than many other marketing channels and is quite versatile. In fact, email campaigns can be for product updates, subscriptions, and promotions.

Here's why you should use email marketing:

It is reasonably priced – With a $40 profit for for every $1, it’s still the best ROI in the game for over 2 decades.

Emails have the ability to be personal to the recipient –Any reputable email marketing expert will tell you that this feature helps you connect with your audience. This can increase the email marketing conversion rate.

The versatility of email is unlike any other marketing tool –You can use emails to provide detailed product information, make brief announcements, and send reminders. Also, you can welcome new customers, announce special offers, follow up with leads, or simply greet your target audience.

It plays on user habits and intent – 44% of consumers check their emails at least once per day. People open emails with specific intentions, such as looking for updates, product information, or customer service. This is why email marketing is so important.

Emails are an excellent way to increase traffic to your website – You can increase the number of website visitors looking for your products or services by using targeted email marketing services. Using targeted traffic increases the ROI of email marketing.

The Cons of Email Marketing

A crowded inbox makes it difficult to capture the attention of your consumer – Every day, we all receive approximately 121 emails. When consumers sort through those emails on a daily basis, it's easy to put everything in the spam folder. In many cases your emails will end up in the same folder as spam.

Emails may not enter the recipient’s inbox – Email servers now have sophisticated filters. If your email appears to be spammy, it may be blocked from reaching your recipient's inbox. A digital agency can assist you in crafting emails that are more likely to reach your target audience's inbox.

People can easily delete or unsubscribe from emails – People may delete your emails or unsubscribe from your list for any reason. Like if they see messed up graphics, poorly written headlines, unreadable text, or blocked images. Or, simply content that isn’t relatable to them.

What Exactly Is SMS Marketing?

SMS marketing is the use of text messages to communicate with customers. SMS, like email marketing, can inform your audience about promotions, campaigns, updates, news, and more.

Before sending any promotional information, both SMS and email marketing ask for your audience's permission. The CAN-SPAM Act and the Consumer Protection Act are the primary laws that protect consumers from unsolicited SMS (TCPA). These rules and guidelines are in use in all good SMS marketing examples.

SMS and email marketing are both owned channels. This means you can choose who receives your emails or text messages.  It also means you have control over the type of user experience your customers will have.

You can send the SMS marketing examples listed below:

1. Promotional SMS: These are SMS messages that are intended to raise brand awareness, promote products or services, and boost sales.

2. Transactional SMS: These are text messages that contain information that your customers require. They may include delivery updates, product specifications, and order information.

SMS Marketing's Benefits and Drawbacks

When comparing SMS marketing to email marketing, SMS has the advantage of capturing the recipient's attention right away. When you receive a text message, your phone alerts you, capturing your attention right then and there. This is why the open rate for SMS marketing is higher than the open rate for email marketing.

This sense of urgency created by the alert is both a benefit and a disadvantage for SMS marketing. On the one hand, it may compel your customers to act immediately in response to your promotion. However, if sent at the wrong time, these texts can turn off users, who will either ignore or delete them.

Let's go over the specific benefits and drawbacks of SMS marketing.

Benefits of SMS marketing:

Your customers do not require internet – It's worth noting that 15% of Americans (52 million people) today have little or no internet access. This is a massive market that is beyond the scope of any email campaign.

It has a better response rate -On average, text messages are read in three minutes. That's a response rate of up to 209 percent when compared to social media, email, or even phone calls.

It has a high level of engagement – SMS, like email marketing, is a marketing channel with higher levels of engagement than other lead generation strategies. Higher engagement levels suggests a higher SMS open rate.

Drawbacks of SMS marketing:

It has a limited amount of content space – You have only 160 characters to work with. Sending messages that short while still packing a punch requires a pretty big vocabulary.

It's more expensive -The cost of running an SMS campaign is higher than the cost of running an email campaign.

It may erode customer trust – Customers can easily lose trust with businesses that send them unwanted text messages or SMS that are poorly structured. Customers may become irritated if you send text messages at inconvenient times. This may also cause them to opt out.

What Is the Difference Between SMS and Email Marketing?

Which is better: SMS marketing or email marketing? Think about the following:

Insert the table here from the bottom of the article Chris.

One of the first things marketers notice is that the ROI of email marketing is higher than that of SMS marketing. This suggests that the conversion rate for email marketing is also higher.

These are the figures that email marketing companies will provide you with. The lower email marketing open rate, on the other hand, proves the case for SMS marketing. Text messages also have a significantly higher CTR and response rate.

The Answer: Omnichannel Marketing

Omnichannel marketing is the use of multiple marketing channels to increase your bottom line. Your business has unique needs, so balancing SMS and email marketing is recommended for better results. You have a better chance of capturing your audience's attention if you develop a marketing strategy that uses both in tandem.

When should SMS marketing be used?  To respond to customer questions, solicit feedback, promote one of your products, and collect signups for your programs. Keeping track of its usage allows you to stay within your marketing budget.

Email marketing, on the other hand, is better suited for promoting multiple products due to its lower cost. It can be used for company updates, newsletters, and a variety of marketing.

Working With a Seasoned Digital Marketing Agency

Finding the right balance between SMS and email marketing can be difficult, especially if you haven't had much success with either.  If you are looking to improve your SMS and email marketing results, connect with us today. We can help you create a customized omnichannel plan based on your budget and goals. Connect with us to learn more!

We want to help you with all of your marketing needs. Looking to step into the world of video marketing after perfecting your email and SMS strategy? Click here to meet with Jay Vics on the Meet the Experts podcast. Get your name out there!

Geofencing Me In! A Great SMS Strategy

beach-1212638_640Ever heard about geofencing?  It’s a great way to specifically target either your customers or those of your competition.

Andrew, the CEO at Bizness Apps, just release a great summary of how geofencing works, incorporating some best practices for SMS marketing in general along the way.  We’ve shared his great infographic below and you can check out his entire post here.

The concept is pretty simple:  when your audience enters a specific area- usually within a few miles of your businesslocation- they receive a unique message just for them.  Some examples of these are:

  • Pick up reminders. Ideal for prescription or dry cleaning businesses.
  • Service reminders. Think oil-changes or dental cleanings.
  • Complimentary offers.  As an example, knowing that much of their business comes from folks in an auto accident, think of a car rental agency targeting a body shop.
  • Special offers.  Why not hit nearby folks with a special SMS message for tonight’s dinner special?
  • Thank you.  How about a simple thank you for a recent purchase or visit?

proximity-150698_640You can flip this strategy and target folks visiting a competitor.  If a competing florist a mile away from your shop is making inroads into your business, an effective strategy could be to present users within a mile or two of their location with a unique offer.  Needless to say, the variation are almost endless.

Of course, like all SMS strategies, you’ve got to tread carefully and not overwhelm folks with constant messaging.  Overmessaging will result in folks opting out, so we recommend not exceeding 4-5 messages per month as part of any messaging strategy.

Geofencing Infograph

Geofencing is still another feature of our SMS and MMS programs which help deliver even better business intelligence to our clients.

At JVI Mobile, we are passionate about creating and growing awesome social relationships. Tell us how we can help!

PS.  In case you missed it, check out our recent webinar on digital marketing and learn 7 key strategies to crush your competition.  Just click on the image below.

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3 + 5 = 8 Important Lifesaving Reasons

3 Reasons Why Social Media Marketing Matters To a Small Business

Social media marketing has been known as one of the best marketing strategies for quite a while now. This is one of the main reasons why it is very important that you, as an online entrepreneur, utilize it to your full advantage.

JVI Mobile Marketing has a managed service called JVI Social. One of the greatest joys of helping small businesses with their social media is that I am always looking for new ideas, tips and ways to keep people engaged!

1. Increased Recognition For Your Brand

The internet is so vast that you have to grab all the opportunity that you can to improve your brand recognition. Since social media networks are widely used these days all over the globe, using it to your advantage is a must. It can serve as a voice for your brand which can help you build your reputation and visibility.

Through social media, you can attract potential customers and it will be a lot easier for them to get in touch with you through this medium. Also, using social media platforms allows you to become more recognizable not only to your existing customers but to their personal contacts too, if they share or repost your content.

2. Better Opportunities

Social media marketing also provides you with better opportunities in terms of converting potential customers to buying clients. Social media allows you to connect with an infinite web of relationships through your followers, existing contacts and target audience. By posting a video, a link to a blog, a campaign or perhaps a simple photo related to your business or any topic relevant to your company, you will be able to spark a reaction. Each of these reactions obtained from a single post is a chance for a possible conversion.

3. Increased Traffic and Conversion Rates

If you use social media marketing the right way, you can tremendously increase your website traffic and even your conversion rates. All this is made possible by social media because it promotes interaction between 2 individuals or a group. This makes marketing more efficient because of the addition of interaction between multiple human beings.
Inbound traffic to your site is greatly increased as well since you will no longer be limited to potential customers belonging to your personal contacts and existing customers.

If you use the right social media marketing strategies, you’ll be able to attract the existing members of your niche or followers in a specific social media platform that you’ve selected. This also gives you better chances of increasing your sales potential.
If you are not yet into social media marketing, you better start as soon as you can because the longer you wait the more opportunities you are missing.

In addition, we need to be accountable and help you get the most out of your social media or we are not doing our job. Katerina Petropoilou nailed it recently when she wrote “5 Lifesaving Tips for Your Social Media Manager”. She writes great stuff that allows me always to stay calm, and get things posted efficiently.

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Read Katerina’s awesome article here https://thenextweb.com/socialmedia/2015/05/31/10-secrets-that-will-make-your-life-easier-as-a-social-media-manager/

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Here is an overview of the 5 Lifesaving tips(full article) 

1. Creating a Content Strategy

Know what to say, when to say it, to whom and how often!

2. Visual Visual Visual

Images, videos, gifs or infographics will be worth the conversion difference.

3. Connect With Your Audience 

Building Brand Loyalty takes effort and time. Put some time aside every day to connect, your engagement will be legendary!

4. Plan Ahead

JVI Social uses an automated system so we can schedule posts weeks in advance. All of our small business clients have a weekly strategy session for at least 5-10 minutes.

5. Switch it Up

No one is perfect. If something isn’t working, you can change it up and not skip a beat!

Other Useful Links:

Take a look at this article about creating a Social Media Calander by Venita Chin: https://blog.bizcravemarketing.com/stay-organized-by-having-a-social-media-calendar

Need more engagement on Instagram, Mark Bustalino’s got you covered: https://blog.bizcravemarketing.com/instagram-strategy-best-practices-how-to-increase-your-engagment

via 5 Lifesaving Tips for Your Social Media Manager

 

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