Measuring Black Friday SMS campaigns is crucial for a variety of reasons. Firstly, it allows businesses to assess the effectiveness of their marketing efforts and make data-driven decisions, helping them understand what strategies are working and what needs improvement. Companies can gain valuable insights into their campaign's performance by tracking key metrics such as opens, click-throughs, conversions, and ROI.
Additionally, measuring SMS campaigns helps optimise the allocation of resources and budget, ensuring that marketing budgets are being spent efficiently. This data-driven approach enables businesses to make informed decisions and refine their messaging and targeting strategies for Black Friday and other marketing initiatives, ultimately leading to higher engagement, increased sales, and greater customer satisfaction.
Why use analytics this Black Friday?
Analytics are crucial in optimising SMS Black Friday campaigns for retailers, offering valuable insights into messaging usage and enabling businesses to adapt communication strategies. These analytics tools can comprehensively understand trends, delivery rates, message speed, and usage. This allows for a thorough analysis of campaign effectiveness and how customers perceive the message content. In turn, retailers can streamline and optimise strategies.
For instance, the delivery time and rate are paramount when sharing time-sensitive Black Friday deals and discount codes. Analytics empower companies to understand whether the information reached its intended recipient and whether the content effectively drove engagement and conversion.
How to effectively measure SMS campaigns
1. Define goals
Start by clearly defining objectives for the Black Friday SMS marketing campaign. Goals might include increasing sales, boosting website traffic or growing a subscriber list. Having well-defined goals will help measure effectiveness.
Test multiple different SMS messages, including variations in content, timing, audience segments and offers, to determine which strategies are more effective in driving conversation. Use this insight to optimise Black Friday campaigns.
3. Track metrics
Continuously monitor and analyse key metrics throughout the campaign to assess the performance of SMS and allow for adaptation when needed:
Delivery rate provides insights into the successful delivery of messages and the primary reasons for message delivery failures (referred to as 'error mapping').
Delivery speed represents the average duration for a message to reach the recipient's mobile; this metric holds particular significance for time-sensitive messages such as time-limited discounts.
Track open, click-through, and response rates to gauge overall engagement or even the percentage of subscribers who opted out of SMS marketing after receiving Black Friday messages.
Conversion rates illustrate the campaigns' success and measure the percentage of SMS recipients who took the desired action, such as purchasing using a promo code or clicking a specific link.
ROI compares the total revenue generated from SMS to the campaign's cost. Other metrics relate to set goals; for example, retailers can track how many new subscribers signed up for SMS marketing due to the Black Friday campaign or how many promo codes were redeemed.
4. Post-campaign analysis
While continuous measurement enables retailers to optimise campaigns during Black Friday, post-campaign analysis is critical to identifying areas for improvement and making adjustments for future SMS campaigns.
Measure SMS campaigns with CM.com
Analysing detailed insights for SMS campaigns enables retailers to track the success of every Black Friday message sent. With CM.com’s Messaging Analytics, businesses can access aggregated and detailed insights into SMS communications and real-time trends to adapt mobile strategies directly. Are you interested in measuring the effectiveness of your SMS campaigns for this Black Friday? Get in touch to speak to an expert today.