Today, family businesses are turning their weaknesses to their strengths and are quickly transitioning to professional companies. That’s why, experts believe that the 21st century belongs to family-owned businesses. If you want to follow their footsteps and transform your family business to a professional one, here are four best practices that can help you succeed.
Can SMS Solutions Help Increase Customer Experience?
As the owner or an executive of a growing business, if there’s one thing you know how to do well, it’s to stretch every Ringgit.
You also know the importance, nay, the criticality, of upping your customer experience scores.
Fortunately, there’s a way you can achieve both those objectives with a single marketing tool: SMS solutions.
According to a report by research firm IDC, 72 percent of organisations worldwide believe mobile messaging has a major impact on customer experience.
Messaging? Really? We hear your incredulous tone and counter it with this: Sure SMS has been around for years. Sure your marketing department isn’t going to win any prizes for innovation. But there are few alternatives for communicating with customers that are as cost effective and as high impact as mobile messaging.
First, Malaysians have embraced mobile. In early 2016, the number of visits to Malaysian websites coming from mobiles outnumbered those coming from desktops--for the first time in Malaysian history. And today, 96 percent of Malaysians own a mobile phone.
What does that tell you? Malaysians are more connected to mobile devices than teenagers are to mamak stalls.And despite the growing popularity of online chat tools, researchers have proved that almost 90 percent of mobile phone users globally still send at least one text message every day. So, it still remains an important communication tool.
Here’s the bottomline: In an age where there’s a new tech tool to communicate with customers every fortnight, SMS isn’t becoming less important--it’s becoming more.
“SMS has an open rate of a whopping 98 percent. The report also revealed that SMS, on average, are opened within 90 seconds while mails are opened after a few hours.”
SMS, a Great Tool for Commerce
SMS can be used across industries to generate better customer experience. Using SMS, you can reach out to a broad set of customers and keep them informed of delivery schedules, remind them of appointments, and update them with shipping alerts or delay notifications, among other
SMS is also great for pushing promotions or engaging customers using surveys (both of which end in lead generation).
But isn’t email just as effective? Not really.
According to a MailChimp report, only 17 percent of emails are opened by customers. On the other hand, SMS has an open rate of a whopping 98 percent. The report also revealed that SMS, on average, are opened within 90 seconds while mails are opened after a few hours.
A IDC survey, Exploring the Impact of Mobile Messaging, highlighted why business leaders across the globe strongly believe in the capabilities of SMS.
Just under 40 percent of survey respondents believe that SMS is a differentiating factor when it comes improving customer experience. Another 35 percent feel that SMS helps attract customers. The survey also showed that 35 percent of respondents think SMS can help their businesses gain better customer insight.
SMS is Evolving
As a solution, SMS has evolved over the years. Today, SMS solutions allow you to send and receive messages directly from and to your mailbox, and also through applications.
A report published by Businewire.com reveals that globally, the A2P (application to person) SMS market is expected to grow at 5.7 percent CAGR between 2016 and 2022. A2P SMS is when a message is sent from an application to a person’s phone.
The text you receive from an airline, reminding you of your flight, is one example.
Advanced SMS tools also enable your business to personalize messages to each customer, even when you are sending in bulk.
In addition, you can track and monitor vehicles, orders and your ground force employees by using simple SMS solutions that easily integrate with your company’s IT infrastructure. And that, in turn, can boost your customer’s experience.
There are few solutions that are as cost effective and as high impact as SMS. Your business would do well to try it.
Where was Senheng’s first retail outlet? How have you grown since then? Senheng Pandan Jaya was our first Senheng store that was established back in 1989. Today, we have more than 100 stores nationwide.
Can you provide us a brief introduction to Bata? Bata was founded in Zlín, Czech Republic in 1894 and brought into the Malaysian market in 1935.