We can\u2019t say that chatbots have completely replaced human beings from every customer service, but it is a truth that they are replacing them with a fast rate. With the advancement of technology especially AI, it is hard to determine whether you were engaging with a human representative or a coded program.<\/p>\n Chatbots have had a major influence on the ecommerce industry in particular. The ecommerce chatbots are revolutionizing the way companies used to interact with their customers for resolving their queries. They give a highly personalized experience with a faster and accurate response. Also, the chatbots can be deployed to many different platforms, such as Facebook Messenger, Whatsapp, and others.<\/p>\n They can cut the operational cost of an ecommerce store by 30%. Nearly half of the businesses are planning to spend more on chatbots than mobile applications. 64% of the internet users find the 24 x 7 availability of chatbots as their best feature.<\/p>\n Here are some of the roles that chatbots can play in your ecommerce practices:<\/p>\n An online store owner has now started using ecommerce chatbots for catering to your branding and marketing needs. The chatbots can be customized and trained as per the different marketing norms of different industries. It can answer the queries of your customers or client, and can also showcase your services and products to them. This builds the reputation of your brand and customer loyalty. They can do remarketing for increasing conversions by messaging apps to remind users of their earlier purchases and related new products & services arrived can be suggested.<\/p>\n The store executive\u2019s role is to keep track of inventory & notifying the owner about stocks of products. However, the role becomes too arduous when there are thousands of varieties of products in a single store, tracking & managing them is not an easy task. This is where chatbots help. When they are programmed to manage the inventory, they can make orders when the stocks are falling, and can also notify the customer about the item they like to buy for when it would be back in stock. They are helpful as they cut down the total time and effort.<\/p>\n Last but most important, chatbots can also act as conversational tools. Suppose a customer wants to buy a product on your ecommerce store but is having some queries. Now, he will reach the customer care desk of your company and will raise the ticket. The probability that his query will get resolved immediately is minimal. But this is not the case with chatbots. The ecommerce chatbots can act as your 24 x 7 customer executives and resolve any type of queries of your customer. They are programmed to enter a live chat with the user. Whether the customer needs to buy a small knife or a car the chatbots can help in resolving every query.<\/p>\n Today\u2019s computers prefer to send messages instead of making phone calls to customers. However, to keep your customer engaged, you need to respond at the appropriate time. As per the research of Harvard Business Review, a delay of just 5 minutes in resolving the customer query can decrease the customer-engagement rate, and a delay of 10 minutes reduces this metric by 400%. On the other side, if you employ ecommerce chatbots for handing your potential buyers, they can increase the customer retention rate by 54%.<\/p>\n As the adage goes, data is a new oil. There can be a great use of customers\u2019 data, provided you have collected it with customer’s consent and by ethical means. Chatbots are the best medium to motivate your customers to share their data such as preferences, contact details including e-mail addresses and phone numbers, for providing a better customer experience.<\/p>\n This way the chatbots can also provide you with the marketing services. By collecting the customer\u2019s data, you can reach them through mail & messages, and offer them special offers, discounts, etc.<\/p>\n CAC or customer acquisition cost is a measure that shows how much you spend to attract one customer, and obviously the lower the CAC, the better. Ecommerce chatbots can reduce CAC as they offer an instant and engaging conversation with your customers on your online store by which customers don\u2019t leave your site easily. Also, the chatbots can provide personalized product recommendations based on the previous orders done by customers. As a result, there are more chances, that a visitor will get convert into the customers.<\/p>\n When a customer is having an interest in the products you are offering, there may be chances that he\/she will have queries or require more details about the product. Statistics show that answering simple questions is relevant to 55% of online shoppers, and 64% of online shoppers prefer 24\/7 online support that cannot be provided by a real person. Here the chatbots can help you a lot, by using simple yet efficient chatbots, you can cut down your customer care operational costs by 30%.<\/p>\n Customer retention rate refers to the percentage of visitors your company has converted into a customer over a specific period of time. A higher customer retention rate better would be your business. You can also call this as customer loyalty. Chatbots can increase the CRR as they would be in constant touch with your audience, will provide them with better customer service and product suggestions. Many brands like Sephora, 1-800-Flowers, eBay, H&M, and Burberry have already started using them to communicate better, provide customer service, handle order status queries, recommend products, and drive sales.<\/p>\n![\"What](\"\/blog\/wp-content\/uploads\/sites\/2\/2020\/05\/What-is-a-chatbot.jpg\")
\nFirstly, a chatbot is not a highly technical graded machine that handles the company\u2019s customer but instead a human-made computer program which can initiate & carry a human-like conversation with humans. These chatbots are programmed in such a way that they can handle all the queries that a customer can make regarding your niche. While the initial chatbots were having similar answers due to pre-programmed scripts, the newer chatbots are coming with pre-built machine learning and artificial intelligence<\/a>, by which they can learn from experiences and can resolve your highly advanced queries on the spot.<\/p>\nAlso Read: How Artificial Intelligence Is Driving eCommerce Industry<\/a><\/h4>\n
Learn More: How To Develop A Mobile App For eCommerce<\/a><\/h4>\n
<\/span>1. Marketing Expert<\/span><\/h3>\n
<\/span>2. Store Executives<\/span><\/h3>\n
<\/span>3. Conversational tools<\/span><\/h3>\n
<\/span>Benefits of Chatbots in the ecommerce industry<\/span><\/h2>\n
![\"AI](\"\/blog\/wp-content\/uploads\/sites\/2\/2020\/04\/chatbot-ecommerce-blog.jpg\")
\nNearly 80% of online businesses are expected to use chatbots by 2021. Why? Here are some of the benefits that chatbots provide to an ecommerce store:<\/p>\n<\/span>1. Better Customer Engagement<\/span><\/h3>\n
<\/span>2. Collect Data<\/span><\/h3>\n
Also Read: How To Develop An eCommerce Website<\/a><\/h4>\n
<\/span>3. Reduce customer acquisition cost<\/span><\/h3>\n
<\/span>4. Reduce customer care support costs<\/span><\/h3>\n
<\/span>5. Increase Customer Retention Rate<\/span><\/h3>\n
![\"hire](\"\/blog\/wp-content\/uploads\/sites\/2\/2020\/04\/get-ecommerce-mobile-app.jpg\")
<\/a><\/div>\n![\"types](\"\/blog\/wp-content\/uploads\/sites\/2\/2020\/05\/different-types-of-chatbot.jpg\")