How Do You Monetize A Chatbot?

 

 

Chatbots are starting to dominate the internet, and with the use of chatbots, everything should become much faster and easier.

With new technology, there is a new way for people to earn a profit. With the use of chatbots as a technology, which is pretty new, there is an opened slot for people to make extra earnings or even build a new business.

There are new chatbot Apps, and they are becoming more convenient to use, as there is no need for storage of memory, no downloads and no installations.

Here are several tips on how your bot can earn more:

Facebook/Shopify

The best e-commerce solutions, for now, is Facebook and Shopify, so be sure to take advantage of Facebook’s large user base, and sell on Shopify. Utilizing these two platforms is the way to go.

Subscribe

Build your chatbot with an option for the client to subscribe to your site, email and blog. With this, you will build a customer base and will be much quicker to promote your marketing campaign.

Coupons

Give the option to your customers to earn a coupon and make them work for you. Give your customers the opportunity to earn a discount by spreading the word for you, by telling them to introduce your chatbot to their friends. With this strategy, you will get satisfied customers and will gain bigger awareness of your chatbot.

Be Unique

Find something different to offer to your customers that will be useful and help your customers. Don’t allow your chatbot to be lost in the digital space among other chatbots; try to make an impact and stand out from other chatbots. There is no limitation, so use your imagination.

Affiliate Marketing

The oldest trick in the book. This is very simple step that you can use with your chatbot for making money. Let`s say that you are using your chatbot for your store and consumer is asking for a specific black shoes size 5 – you don`t have them. In that moment, you are losing your consumer and your profit. On the other hand, by using affiliate marketing, certain sponsored brands could be shown preference when providing answers. In this case your chatbot would give options for that same shoes in same size as per buyers request to another store. When buyer complete the purchase, you will be credited as referrer. It`s a win – win situation.

 

Leads Generation

Another great option for monetizing your bot. Let`s say that you are using your chatbot for your bakery and you only sale pastries. At the moment of purchase, you can add suggestions from your partnered company about cooking supplies.

Leads are very valuable and you can make a lot of money but selling them to the right company.

Final Thoughts

Making your chatbot profitable is all about building a bigger audience and a knowledge base for your chatbot. Put your experience to work and use your knowledge to make a unique chatbot that everyone will love.

A final tip from ChattyPeople:

Use our bot building platform here at ChattyPeople for free to start.

What we do here at ChattyPeople is to help entrepreneurs and companies, big and small; we simply give people the opportunity to reach the new chatbot technology. Our platform is easy-to-use with simple drag and drop menus.

Start building your chatbot with us and take advantage of our free startup plan today!

Posted by Slobodan S.