Referral marketing is a powerful way to grow your business. When existing customers refer their friends and family to your business, you’re tapping into a trusted source of new customers. And because referrals are often more likely to convert than other types of leads, they can be a very cost-effective way to grow your business. One of the most effective ways to implement a referral marketing strategy is through SMS. SMS is a highly personal and engaging channel, and it’s one that people are increasingly using to communicate with businesses.
In fact, according to a study by Statista,
The global number of SMS messages sent and received is expected to reach 2.8 trillion in 2023. There are a number of reasons Image Manipulation Service why SMS is so effective for referral marketing. First, SMS messages are very likely to be read. According to a study by In mobi, 98% of SMS messages are opened within 3 minutes of being received. This means that your referral messages are more likely to be seen by your customers than other types of marketing messages, such as email or social media. Second, SMS messages are very easy to act on.
Customers can simply click on a link in your SMS message
To be taken to your website or landing page to learn more about your referral offer. This makes it easy for customers to refer their friends and GN Lists family to your business, and it helps to increase your conversion rates. Third, SMS messages are very affordable. The cost of sending an SMS message is very low, which means that you can implement a referral marketing strategy without breaking the bank. So, how can you use SMS to implement a referral marketing strategy? Here are a few tips: Start by offering a compelling referral incentive.