As a marketer or business owner, planning for the End of Financial Year (EOFY) can be challenging with juggling multiple campaigns and effective budget management. It is also a time to consider the best marketing channels to maximise your return on investment. Reaching and engaging with more of your target audience is a priority; and can be done in various ways from promotions to product launches. It’s an opportunity to also plan for the year ahead, by allocating from the current funds to start campaigns and avoid being short-changed in the next budget.
During EOFY period in 2024, Australian shoppers were projected to spend $10.1 billion during the sales, marking an 8.6% increase from the previous year. SMS marketing can be a game-changer for your business as it reaches more of your customers with an open rate of 98%, it is a great option for EOFY campaigns. It can also be easily added to your current marketing mix to boost your ROI. Here’s 6 tips to assist with elevating your EOFY campaign results.
1. Stay on top of digital trends
Staying on top of digital trends is key to any marketing strategy. Search trends are constantly changing, and it’s important to keep up with them to understand your audience’s priorities and consumer preferences. To connect with your audience and increase conversions. Tools such as Adwords Keyword Planner and Google Trends can help you identify these trends.
Other ways to stay ahead include:
Conduct market research regularly - what are your competitors doing? What are the key statistics of your target audience? Are there any gaps in the market?
Follow industry influencers and thought leaders on social media, blogs, podcasts and other platforms. Engage with them by commenting on their posts, sharing content and asking questions.
Attend industry events (webinars or in-person) - share insights on LinkedIn and other platforms and follow industry news updates.
Monitor social media platforms such as Twitter, Instagram, and Facebook to track popular hashtags, trending topics, and conversations related to your industry or niche.
Artificial Intelligence (AI) tools like Chat GPT are making a buzz. It can be helpful to get messaging ideas quickly, using your keywords.
2. Audit your previous SMS campaigns
During the financial year, evaluate your previous SMS campaigns to see what worked and what didn’t. By auditing your campaigns, you can identify those that are top-performing. Pay close attention to campaign metrics, focusing on those that delivered high ROI and engagement.
To enhance your best campaigns, use the data to compare if there is any overlap with the search trends you discovered in tip one. These insights can provide new ideas to help relaunch your campaign.
3. Create new opportunities with SMS marketing
While leveraging your top-performing campaigns can drive sales, it is also a good idea to try something new to capture the attention of your audience.
Create new opportunities and stand out from your competitors with SMS marketing, which can help cut through the clutter. Customers can experience sales fatigue especially when they are inundated with communications from competitors. SMS campaigns are a scalable way to reach your target audience with personalised communication.
SMS marketing ideas to get you started:
Send EOFY sales, promotions or competitions to incentivise purchases. This can be tracked with sales codes and personalised with exclusive offers.
Here's some promotional EOFY SMS templates:
Hi [First name],
EOFY deal: Free shipping on all orders over $99 until June 30. Don’t miss out! [link]
Opt-out reply STOP
Hi [First name],
It’s on! Our End of Financial Year Sale starts now – score up to 50% off sitewide. Shop today: [link]
Opt-out reply STOP
Hi [First name],
EOFY bonus: Spend over $200 and receive a free gift valued at $49! Only until June 30: [link]
Opt-out reply STOP
Hi [First name],
LAST DAY to take advantage of our 40% OFF EOFY SALE. New styles added today! Use code EOFY40.[tracked-link]
Opt-out reply STOP
AFTERPAY SALE IS LIVE!
20% OFF SITEWIDE - No excuses get into shape today.
Hurry, Time's ticking! [link]
Opt-out reply STOP
🚨 EOFY SALE ENDS TOMORROW MIDNIGHT! 🚨
Get up to 40% OFF in our biggest sale of the year! Don't miss out!
🛍 Shop now [link]
📦 Free shipping on orders over $60!
Opt-out reply STOP
Introduce a new product or service to engage with your customers.
Hi [First Name], we’ve just launched [Product/Service Name]! Be the first to try it — discover what’s new: [link]
Opt-out reply STOP
Ask for customer feedbackand use this information to relaunch another campaign that addresses their needs.
Thanks for your recent order, [First Name]! We’d appreciate a quick review of your experience: [link]
Opt-out reply STOP
Remind customers about appointment based business reminders or events.
[First name], Planning ahead for tax time? Book your EOFY strategy session before slots fill up: [link]
Opt-out reply STOP
Send a message of gratitude to your customers to show your appreciation.
Hi [First name],
Thanks for your support this year! Enjoy an exclusive 15% off for EOFY. Use code EOFY [Link].Opt-out reply STOP
Book a call or consultation before EOFY.
Hi [First name], Let’s chat before EOFY! Book your free consultation and find the right solution for your business: [link]
Opt-out reply STOP
Reminder that gym membership has expired or subscription needs renewal. Reach out to customers to recover payment.
Hi [First name],
Just reaching out to let you know that your gym membership has expired.
If you would like to renew it please do so next time you are in to train or login [link here].
Opt-out reply STOP
Hi [First name],
I'm reaching out as your payment has failed and the app is locked. I respect that financially things may be a little tough. I'd love to help out and get you back in the gym by offering the next week FREE and also the opportunity to chat about other ways we can help out financially at the moment? Does that sound ok?[name/ contact or link]
Opt-out reply STOP
Share tax time tips and help your customers maximise their tax-time benefits.
Hi [First name],
Don't miss the June 30 deadline. Make sure your tax return’s sorted. Schedule a session with us today: [Link]Opt-out reply STOP
Today's your last chance to make a tax-deductible gift to help [donation cause] before the EOFY!
[Firstname], please donate here before time runs out: [tracked-link]
Opt-out reply STOP
Hi [First name], Save $$$ this EOFY and reduce your tax.
20 hours course @ $597 [$400 off the full fee].Select option $997 and enter code 'TAX'.
Reduction reflected at the checkout.
CC and PayPal accepted. [Link]
Closes JUNE 30 Midnight AEST
Opt-out reply STOP
For messaging inspiration, refer to our Free SMS Messaging Templates.
4. Plan your SMS marketing campaign
Ensure you reach your customers with the right message at the right time. Consider the following when planning your EOFY SMS marketing campaign:
Timing:
As with other marketing initiatives such as social media posts, timing is crucial when it comes to SMS marketing. Plan your campaigns and send messages at a time where your target audience is most likely to be engaged, such as during lunch time on weekdays or after work hours. Timing of the send should also be respectful to your subscribers, for instance SMS sent after 7pm till late in the evening are more likely to be ignored.
Messaging:
Messaging should be concise and include a clear call-to-action. Avoid using jargon or technical terms that may confuse the recipient. Instead, focus on the product or service benefits and how it can help your customer. Consider any tracking links or codes to include as part of your message to track the effectiveness of the campaign.
Personalisation:
Personalise your messages to ensure they are more relevant and engaging. Address the recipient by their name and refer to their previous purchase history or preferences. You can also tailor the message to specific recipients for SMS marketing, for instance, encourage a testimonial for a specific item purchased or offer an exclusive discount if they have left some items in their cart.
5. Measure your campaigns
All marketing campaigns need a quantifiable way to measure results. This provides insights as to which campaigns are performing better and which need to be improved.
Tracking and analysis for SMS campaigns
The simplest way to track your marketing campaigns can be by adding a tracking code UTM (Urchin Tracking Module) parameters or tags to your URL. If you are using Google Analytics the UTM data can highlight which channel your traffic is coming from and how many customers are clicking on your link. This can assist with optimising your campaigns to generate the best results. As SMS campaigns are personalised and easy to send, you can respond quickly if required to change offers or messaging to engage more with your customer.
6. Manage your EOFY budget spend effectively
Budgets can be a source of stress for many marketers with EOFY approaching, using the remaining budget in order to avoid losing it in the following financial year.
If you have remaining budget consider:
Have you achieved all you set out to in your marketing plans? Review and identify any gaps in activities as an opportunity to allocate budget to run additional campaigns.
If your objectives are to boost sales, reach more customers and improve engagement - SMS campaigns can be set up quickly and easily to achieve this, for example Zapier can be used to integrate with existing programs and apps.
Emails have a lower open rate and click through rate of 4% vs SMS with 19%. SMS marketing can boost your email campaigns. It’s also ideal for time-sensitive communications: promotions, one-time passwords and appointment reminders. Email can also be used to send SMS.
Repurposing existing content across various channels. For example, a whitepaper can be turned into an infographic and animation video for social media.
Re-targeting customers that have interacted with your brand with Google Ads, social media, and SMS marketing. Reach out with special offers, review requests and abandoned cart reminders.
An EOFY SMS marketing campaign can effectively maximise your revenue.
Additional resources
Browse through our collection of industry use cases
Track clicks and click-through rates with our URL shortener
Learn about the best times to send an SMS