Text magic pricing refers to the pricing structure and plans offered by the messaging service provider, TextMagic. As an SMS service provider, TextMagic allows businesses and individuals to send and receive text messages to their customers and contacts. TextMagic offers different pricing plans to cater to the needs of different users. The pricing plans are designed based on the number of text messages sent per month. The plans range from as low as 800 messages per month to unlimited messages per month. The pricing plans offered by TextMagic are flexible and scalable.
How Much Does SMS Marketing Cost?
As a small business owner, you’ve probably heard all the buzz around SMS marketing. And it’s no wonder; that SMS texting is taking the marketing world by storm.
SMS texting has higher open rates, conversation rates, and engagement rates than other channels like email. As a result, your customers are more likely to open—and respond—to your marketing texts, getting more eyes on your content and helping you attract (and maintain!) loyal customers.
When you incorporate an SMS solution into your marketing strategy, you can communicate with your customers in real time, helping you build relationships and enhance your brand awareness. With SMS marketing, you can send your customers announcements, reminders, invites, and alerts. For example, you can text a promo code for your upcoming sale, invite your customers to join your loyalty program, provide updates about your new product launch, and even send out polls and questionnaires.
SMS marketing can benefit your business in many ways, which probably has you wondering how much text marketing costs anyway. And what factors influence SMS marketing pricing? Follow along to learn the ins and outs of this marketing strategy so your business can budget accordingly.
The pricing plans offered by TextMagic are flexible and scalable. They offer a pay-as-you-go option, where users pay only for the messages they send. This is suitable for businesses with varying messaging needs.
How Much Does SMS Marketing Cost?
How much is text message marketing? And how does it relate to your marketing ROI? To better understand SMS marketing costs, we’ve broken down text message marketing costs to help you budget and calculate your marketing ROI.
SMS Marketing Costs and Marketing ROI
In our guide on SMS marketing costs, we’ll unpack everything you need to know about the expenses associated with this marketing strategy. These include SMS marketing software costs and how they impact your overall marketing ROI.
The Cost of SMS Marketing
What is the cost of SMS marketing? The cost of SMS marketing will depend on your text message marketing strategy, such as the number of texts you send and the kinds of messages you text. This is because SMS texts cost money to deliver. While it’s typically only a few cents per message, the price can quickly increase if you send thousands of messages multiple times a week. Also, certain kinds of messages, such as MMS messages, cost more than your standard, text-only SMS message because they include media like video clips, images, and interactive features, in addition to having higher character counts.
What’s more, the specific SMS software you choose and the features it includes will also impact the overall cost. For example, if you have a robust SMS plan with advanced features, it will likely be more expensive than a standard plan with basic features.
Factors That Affect the Cost of SMS Marketing
What are the factors that affect the cost of SMS marketing? Several factors influence your overall SMS marketing costs, but most of them ladder up to the SMS marketing software provider you select since each offers different pricing models.
To give you a glimpse at what the cost of SMS marketing with a brand like EZ Texting might entail, let’s look at a quick estimate for average EZ Texting users: Sending 1 SMS message a week to 1,000 contacts over four weeks (4,000 total messages) would cost $168 in our Essentials pricing tier — and you would have another 1,000 messages left over.
However, not all SMS platforms offer the same features, service, or dependability, so not all services are priced the same. First, to determine the cost of SMS marketing, let’s look at what it costs to send an SMS text. It costs between $0.01 to $0.05 per SMS text message, with MMS texts costing slightly more because they can include up to 1600 characters and data like emojis, images, and brief videos. That said, it could cost more to send texts internationally. Depending on your carrier and plan, they may charge anywhere from $0.25 to $0.50 per international SMS message.
Instead of charging you per text, many providers will give you a certain number of message credits per plan with the option of purchasing additional monthly credits. For example, with EZ Texting, every plan starts with a flat rate of 200 credits—one SMS text costs one credit, while each MMS text costs three credits. It’s important to remember that SMS marketing software costs will vary from provider to provider, so it’s a good idea to shop around and research.
Next, you’ll want to consider the cost per custom Keyword. A Keyword is what your customers text your number to opt-in and receive communication from you. For instance, you might encourage your customers to text SUNSHINE20 to receive 20% off your summer collection. It will depend on your SMS plan, but you may receive a set number of Keywords each month or can purchase additional ones a la carte. For example, EZ Texting’s base plan starts with one customizable Keyword each month, with the next plan offering up to three unique Keywords per month.
There’s more to SMS marketing pricing than just texts and Keywords, though. There are countless features involved with SMS marketing platforms, so many providers offer tiered pricing plans with set monthly fees. Typically, they start with a basic plan with limited features and move to more robust plans with more advanced options like API access and list growth tools. Again, SMS marketing platform costs will vary depending on your selected provider.
So, exactly how much does SMS marketing cost? And what can you expect to pay? To better understand what an SMS marketing plan might cost you, check out EZ Texting’s pricing tiers.
When you choose one of EZ Texting’s straightforward monthly plans, it’s easy to determine our SMS marketing software costs and factor them into your budget.
On top of these tiered plans, you can also purchase more message credits, which let you exceed the base 200 monthly message credits provided with each plan, giving you more flexibility and freedom with your marketing campaigns. For example, you might start sending your clients automatic appointment reminders or texting weekly promo codes to your rewards members, which would use up more monthly credits. Furthermore, you can add additional features to your plan, such as more users and multiple textable numbers.
We were looking for a cost effective way to set up texting campaigns. After looking at many we chose EZ Texting and are glad we did. The price was great. The service worked flawlessly.
— Darvie F, Pastor
What is ROI?
With a better understanding of some of the costs of running an SMS marketing campaign, let’s calculate your ROI.
ROI is a word that often gets thrown around in the business sphere, but what exactly does it mean? ROI stands for Return on Investment, which is a metric used to determine the profitability of an investment or strategy. It’s a ratio that looks at how much you paid to employ the investment versus how much you earned. Essentially, it helps you determine if your effort was worth the outcome.
To calculate ROI, divide your net profit by the investment cost and multiply it by 100 to get a percentage.
ROI = (Net Profit / Cost of Investment) x 100
How Do You Calculate Your SMS Marketing ROI?
Now, what about your marketing ROI? It’s the same deal. Your marketing ROI refers to the cost of your marketing campaigns compared to the profits you earned from running them.
Your marketing ROI could be as simple as determining profits from your sole SMS marketing campaign. So, let’s go back to that summer sale scenario: You texted a promo giving your customers 20% off their purchase. In this case, your SMS marketing ROI would determine how much you spent on the SMS campaign vs. how much you earned.
Let’s say you ran a four-month marketing campaign on a basic SMS marketing plan that costs you $200 a month. That investment cost you $800 for four months, and you earned $200 in profits directly related to that 20% promo.
Therefore, your SMS marketing ROI for that one campaign is 25%.
Your marketing ROI could also incorporate multiple marketing strategies in the same campaign. In addition to your SMS marketing efforts, you could run social media ads and email marketing to further promote your 20% off sale. To arrive at your marketing ROI, add everything you spent to oversee that marketing campaign and compare it to your profit.
For those four months, in addition to the $800 you spent on SMS texts, you spent $600 on social ads and $420 to cover email marketing.
When you add up everything, including your text message marketing costs, and divide by your $200 profit, your ROI for this diverse marketing campaign is nearly 11%.
So, what is a good ROI for your text message marketing strategy? Well, it depends. There is no good or bad ROI percentage; it’s just a matter of finding the sweet spot for your business. The more you experiment with different marketing strategies and track your ROI, the easier it will be to see what performs the best and gets you closest to your ROI goals. It’s also important to note that your ideal ROI could completely differ from your competitor’s goal ROI.
Understanding how much you need to budget for an SMS platform and how the money you spend relates to your marketing ROI can help you track your income and determine what strategies generate the highest profits for your business. For more tricks of the trade, check out our guide on SMS marketing tips and FAQs below.
Discover How EZ Texting Can Help Your Business
It’s time to find out how SMS marketing can benefit your business. When you implement an SMS marketing strategy with EZ Texting, your business can experience higher open rates, improved conversions, and increased customer engagement. Contact us today to learn more about SMS marketing and how it can boost your business. Happy texting!
There are also monthly plans available for businesses that have a consistent volume of text messages. TextMagic also offers discounted pricing for high-volume users. This allows businesses sending a large number of messages to benefit from lower costs per message. The exact pricing for these high-volume messages can be obtained by contacting the TextMagic sales team. In addition to the base pricing plans, TextMagic also provides users with the option to add extra features and services to their account. These additional features may include dedicated phone numbers, message templates, and advanced analytics. Each of these features comes with its own pricing structure. To make the pricing transparent and easy to understand, TextMagic provides a pricing calculator on their website. This tool helps users estimate the cost of their messaging needs based on the number of messages they plan to send. It also provides a detailed breakdown of the pricing based on the country and network where the messages will be sent. Overall, TextMagic offers a range of pricing plans and options to cater to the diverse needs of businesses and individuals. Their flexible pricing structure, additional features, and transparent pricing calculator make it easier for users to choose a plan that suits their requirements and budget..
Reviews for "Affordable Text Magic Plans: How to Get the Most Bang for Your Buck"
1. Jack - 2 stars - Text magic pricing is ridiculously high for the service provided. I was looking for a simple and affordable texting service, but Text magic fell short. They have a complicated pricing structure and charge extra for features that should be included in the basic plan. It's not worth the expensive monthly fee for such a basic service. I would not recommend Text magic to anyone looking for an affordable texting solution.
2. Sarah - 1 star - The pricing for Text magic is a complete rip-off. They advertise their service as affordable, but once you dig into the details, you realize how expensive it can get. They charge extra for each message sent and received, which adds up quickly if you have a high volume of texts. Additionally, their customer service is unhelpful and doesn't seem to care about resolving issues. Save your money and look for a more reasonably priced texting service.
3. Michael - 2 stars - I was initially attracted to Text magic because of their advertised pricing, but it turned out to be misleading. Their pricing structure is overly complicated, with different tiers and add-ons that make it difficult to understand what you're actually paying for. The hidden fees and extra charges really add up, making it much more expensive than anticipated. I wouldn't recommend Text magic to anyone looking for a straightforward and transparent pricing system.
4. Emily - 1 star - Text magic pricing is outrageous for the limited functionality they provide. Their basic plan is extremely restrictive and lacks many essential features that other texting services offer at a lower cost. It feels like they are just trying to squeeze as much money out of their customers as possible with their overpriced plans. I would advise seeking out alternative options with more reasonable pricing and better value for money.