A leading provider of mobile technology and mobile payment solutions serving various markets and industries, Singlepoint, Inc. (OTC: SING) has its eyes set on the fast-growing cannabis industry, aiming to help legal marijuana businesses build trust and increase customer loyalty via subsidiary SingleSeed and its highly reliable payment processing and marketing tools.
With eight more states voting to legalize either medical or recreational marijuana use last month, the marijuana industry is set to exceed $7 billion this year and to reach roughly $20 billion by 2020. However, legal businesses operating in the sector still find it hard to obtain support from banking and financial institutions, given that marijuana is still considered an illegal drug by the federal government. Singlepoint’s SingleSeed subsidiary is looking to change this, and it is ready to offer retail or medical marijuana merchants the tools they need to grow their businesses safely and securely.
SingleSeed was only recently relaunched, with the specific purpose of providing non-cash payment solutions and mobile marketing tools to an industry that badly needs them. The company’s three main services – Cashless ATM, Pay by Text™, and Text Message Marketing, are each designed to help clients operate more efficiently by accepting electronic payments, growing their customer base and improving communication.
Text Message Marketing, in particular, was designed with the specific purpose of helping merchants build trust by keeping in contact with their customer base and developing a solid, trust-based relationship with clients. The app allows marijuana business owners to connect to their target audiences, including potential and existing clients, easier and faster than ever before. Relying heavily on text messaging, which is a very effective strategy for maintaining a customer relationship, especially with the fast-growing Millennial market, this app is built around the idea of sending customers texts and information that are timely and relevant to them. By offering customers something that they cannot get elsewhere, they will keep coming back, according to SingleSeed.
Marijuana businesses using this service should expect increased customer loyalty, as the text messaging system allows them to reach their target audiences instantly, given that 97 percent of all text messages are read within 15 minutes of receipt, while driving increased sales as a consequence of sending daily promotions and deals or discount coupon codes via text and ensuring use of the right voice when communicating with customers, all with the help of the program’s integrated compliance platform.
For more information, visit the company’s website at www.Singlepoint.com
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