Chatbots have recently become quite popular. They are being used by businesses to provide proactive assistance to their customers. Brands like American Express and H&M implemented chatbots, to supercharge their customer service experience.
Chatbots have grown and improved to capitalize on social media and messenger platforms. Most people haven’t openly identified the true potential of chatbots, so this article is designed to provide helpful chatbot tips for businesses.
Billions of people are already using chatbots, so it’s time your business did too.
No more hearing that chatbots will be the next big thing because they already are. In fact, the year 2017 has become the “year of chatbot”.
The number of businesses using chatbots has grown exponentially. Chatbots docked to Facebook’s Messenger have increased from 30,000 in 2016 to over 100,000 today. Every major company has announced their own chatbot and 60% of the youth population uses them daily.
These statistics prove that chatbots are the new-gen tech. No more waiting for the right time to incorporate them into your business. The time is now. By the year 2020, nearly 80% of businesses will have their own chatbot.
1. Chatbots will excite your customers, so don’t disappoint them!
People are very excited about the technology and love exploring it. According to an online survey, about 44% of U.S. consumers prefer chatbots over humans for customer communication. Therefore, businesses excite their customers when adopting a new chatbot.
Still, it’s the businesses’ responsibility to ensure a smooth experience. To be successful, they must ensure their chatbots are:
- Professional and bug-free.
- Aligned to the brand rather than just random affairs.
- Providing good linguistics.
- Providing well-defined tasks.
- Working seamlessly on a variety of devices.
2. Chatbots won’t replace services or people
The biggest chatbot misconception is that they’ll take over services and automate everything so businesses wouldn’t need humans to function.
This won’t happen; at least not completely. While chatbots may appear replace apps and will minimize human efforts for more productive outcomes, they cannot completely replace people and services.
Chatbots merely interact with people to clarify their queries within the preset scope as much as possible. For issues outside the scope, chatbots are still able to determine a customer’s initial query. When customers are redirected to employees, all information required for further resolution has already been gathered, saving time and energy, resulting in more expediency and accuracy.
3. Chatbots help cut down on operational costs
Chatbots can save upwards of 29% on the cost of customer support services. This results in a total potential savings of $23 billion per year in the U.S. Unlike human beings, chatbots work 24/7 and don’t ask for raises or require a salary. They are designed to address repetitive tasks that business owners don’t want to waste human resources on.
Chatbots won’t completely replace employees, they simply provide businesses with the opportunity for better-utilizing them. Human beings will always be needed to solve complex problems. Therefore, chatbots ensure lucrative productivity from the investment in human employees.
According to industry research, chatbots are predicted to deal with 90% of all customer inquiries within 5 years. This means that by 2022, it’s expected that they will cut business costs by $8 billion.
4. Chatbots offer progressive avenues for marketing and sales
Competent chatbots developed by effective sources, like acquire, can close more sales through robust marketing attempts. For example:
- Improved customer engagement - Chatbots can establish personalized customer interactions to provide them with credible shopping advice based on their purchase history and preferences.
- Marketing funnel guidance - Chatbots won’t keep customers waiting. They seamlessly guide them through every aspect of the sale, addressing each query as it arises.
- Relevant notifications - Chatbots are knowledgeable about predicting customer behavior. Because of this, they can push the appropriate notifications to the right people, every time.
- Broadened reach - Chatbots can reach out to innumerable prospects through social media like no human could ever achieve.
- Heighten brand value - Chatbots can catch customer attention through historical interactions and gather and analyze customer feedback and data. This is then used to effectively communicate your brand to the right people in the best way.
5. Chatbots impact the business by improving sales and customer services
Chatbots collect customer information like names, professions, and website or social network contact details to create customer profiles. In this way, the chatbot is used for both sales and marketing purposes. They keep existing customers engaged with interested brands and products with push notifications.
Chatbots act like a bridge between brands and customers by providing 24/7 interaction. They communicate like a human being, but reduce human error and don’t get frustrated, like humans often do. Chatbots can perform routine tasks simply to enhance customer service. They also provide customers with complete product details.
6. Chatbots need consistent evaluation and optimization
As with anything else, chatbots require continuous evaluation and optimization for success. According to a recent estimation, 1.2 billion people use Facebook’s Messenger. This estimation represents 11% of the world’s population. This means millions of messages are being sent through the platform and predictably, most are being ignored.
Chatbot performance must be regularly tracked and evaluated based on the capability of retrieving relevant information like user experiences, linguistic capabilities, and usability. Businesses can devise changes necessary to achieve definitive goals.
Chatbot optimization includes:
- Setting appropriate goals.
- Varying inviting welcome messages.
- Incorporating additional information about the brand.
- Adding new products.
- Pricing changes.
- Broadcasting new and more attractive offers.
7. Chatbots meet customer expectations and boost brands
Chatbots are well-designed to propel brand values to a wide range of prospects. They provide friendly interaction and a good rapport with customers.
Customers expect simple business interactions. This requires expedient responses to customer complaints or queries. Chatbots can clearly understand issues and instantly deliver possible resolutions.
And since customers can avail themselves of any necessary information at any time, they aren’t annoyed by having to wait for a CRM to arrive at work or for support hours to open. These factors ensure customer retention like no employee could. Therefore, they earn positive reviews and boost the brand.
8. Chatbots showcase new products and services
Chatbots form a conducive platform for broadcasting a business. They reach massive audiences. They maintain constant and friendly customer contact, eliminating customer annoyance from cold calls.
This forms a favorable basis for pushing notifications and showcasing new products and services. And since these notifications are only sent to the appropriate people, based on their interests, customers feel appreciated rather than irritated. These factors combine to make chatbots the best platform for explaining a business’s new products and services to consumers.
9. Chatbots could change the nature of marketing
Business is all about reaching relevant audiences. But conventional means make it difficult to analyze and predict customer interests and preferences. In this way, chatbots change the nature of marketing endeavors and form the customer service strategy.
They build good customer relationships and possess the ability to delicately persuade consumers to purchase by suggesting preferred items. Chatbots monitor consumer behavior and can track customer interest, which helps to propel appropriate notifications based on individual interests.
10. Consumers can purchase and receive recommendations from chatbots
It can be tedious for a customer to try to choose what to buy. This is why they seek advice. Chatbots are good at providing this. They don’t offer voluminous irrelevant product recommendations. They analyze various facts associated with each specific customer and render relevant choices.
Customers are always in search of better options, so chatbots also recommend similar products to assist them. So, it’s no surprise that more than 22% of consumers are interested in receiving chatbot recommendations.
Chatbots don’t just provide support assistance and product recommendations, they also sell. They have improved so much that they can now hold payment options. About 37% of consumers and 48% of millennials are eager to buy through chatbots, making them an influential buying channel.