When you're focused on using the latest digital marketing tools to market your business, it's easy to overlook the effectiveness and affordability of other alternatives like SMS.
If you breakdown the CPS (cost per send) / CPC (cost per click) vs the average CTR, the numbers may surprise you. Here's how SMS stacks up against the competition:
|Average CPS/CPC||Average CTR||Average Cost per 10K CPS/CPC|
|SMS via Burst (CPS)||$0.049-$0.079||9.18%||$490-$790|
|Google Adwords (CPC)||$2.32||1.91%||$23,200|
|Google Display Ads (CPC)||$0.58||0.35%||$5,800|
CPS = Cost per send • CPC = Cost per click • CTR = Click through rate
Sources: Adstage, LinkedIn, Wordstream
Since a majority of people have their mobile phones with them at all times, 90% of text messages are opened within 3 minutes, and they have an incredible open rate of 98%. This is what makes SMS such an effective and affordable tool to help you reach your customers.
Want more industry trends, benchmarks, and statistics? Indulge in our 3rd annual State of SMS report for free. Download by clicking the link below.