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Drive E-commerce Sales with Conversational Smart chatbots

People are shopping online, which is nothing new, but what sets the current trend apart is that people are now not only using e-commerce websites or mobile apps. Presently, 87% of eCommerce sales occur through social media platforms like Facebook, Instagram, WhatsApp, and more. However, managing all these platforms and responding with the same precision and promptness is not easy. Hence, it’s high time for e-commerce companies to think beyond and opt for AI-powered solutions that can automate and expedite the entire process across all platforms and channels.

Major Pain Points of E-commerce Companies

In the dynamic world of e-commerce, businesses encounter numerous challenges that hinder their growth and success. Let’s delve into some of the major pain points faced by e-commerce companies today:

Cart Abandonment Epidemic

Despite the convenience of online shopping, cart abandonment rates remain alarmingly high. Baymard Institute’s Research indicates that nearly 70% of online shopping carts are abandoned before completing the transaction. Factors such as unexpected fees, complex checkout processes, and security concerns contribute to this trend, resulting in lost revenue opportunities for e-commerce businesses.

Inadequate Customer Support

With the proliferation of digital channels, providing timely and efficient customer support has become increasingly challenging. E-commerce companies struggle to manage customer inquiries and complaints across various platforms, leading to delayed responses and frustrated customers. Inadequate support systems can result in negative brand experiences and diminished customer loyalty.

Lack of Personalization

In the age of data-driven marketing, personalization is paramount for engaging customers and driving conversions. However, many e-commerce platforms fail to deliver personalized experiences to their users. Generic product recommendations and promotional offers often fall short of meeting customer expectations, resulting in missed opportunities for upselling and cross-selling.

Statista Studies show that 69.57% of online shopping carts are abandoned, primarily due to friction in the buying process. Moreover, 67% of customers cite bad experiences as a reason for churn. These pain points highlight the pressing need for innovative solutions to enhance the e-commerce experience and drive customer satisfaction.

chatbots: The Game-Changer in E-commerce Evolution

In the bustling realm of e-commerce, where every second counts, there’s a silent hero working tirelessly behind the scenes – the chatbot. chatbots aren’t just another tool in the e-commerce toolkit; they’re a necessity, a lifeline for businesses looking to stay ahead of the curve. Why? Because they have the power to automate and accelerate business operations like never before. With the ability to juggle over 1000+ conversations simultaneously, chatbots are the ultimate multitaskers, boosting efficiency and productivity to new heights.

But here’s the kicker: while chatbots aren’t a novel concept, their full potential remains largely untapped. Many e-commerce companies already have chatbots in their arsenal, but they’re missing the mark. Why? Because these chatbots lack intelligence and are limited to static responses, unable to handle transactions seamlessly.

Enter the savvy shopper of today: armed with a smartphone and an appetite for convenience, they demand more from their shopping experience. Gone are the days of navigating through cumbersome checkout processes; today’s consumers want to make purchases directly from the platform where they discover a product.

And that’s where smart chatbots come into play. Equipped with payment acceptance features, these advanced bots transform the shopping journey, enabling users to complete transactions effortlessly, without ever leaving the conversation.

In a world where speed is king and convenience is currency, chatbots have emerged as the ultimate ally for e-commerce success. It’s time for businesses to harness their power and embrace the future of online shopping.

Introducing Smart Generative AI-Powered Omnichannel Bots for ECommerce

In the fast-paced world of e-commerce, traditional chatbots are being outpaced by a new suite of intelligent assistants powered by Generative AI. Unlike their predecessors, these bots can dynamically generate responses based on context and user input, providing a more personalized and engaging experience for customers.

Streebo, a leader in digital transformation and AI, is at the forefront of this technological revolution. By leveraging advanced NLP engines such as IBM Watson, Google DialogFlow, Microsoft Azure CLU, and Amazon Lex, alongside cutting-edge Generative AI platforms like Enterprise GPT on Microsoft Azure, IBM Watsonx, Google Gemini, and FMs available on AWS SageMaker & BedRock, Streebo has developed a suite of smart, powerful, and ready-to-deploy chatbot solutions tailored specifically for e-commerce.

What makes them truly game-changing is their seamless integration with prominent e-commerce packages such as Salesforce Commerce, HCL Commerce, Shopify, Woo Commerce among others. Leveraging the robust infrastructure and expansive ecosystem of these platforms, these chatbots enhance the shopping experience across various channels, from social media platforms like WhatsApp, Facebook Messenger, Instagram, and Telegram to voice-enabled devices like Google Home and Amazon Alexa.

Key to their effectiveness is the incorporation of a payment acceptance feature, allowing users to complete transactions seamlessly within the conversation. This innovative capability eliminates the need for customers to navigate away from the chat interface, streamlining the purchasing process and enhancing convenience. Ultimately, this streamlined process leads to increased revenue and improved customer satisfaction, positioning businesses for success in the competitive e-commerce landscape.

Exploring Top Use Cases of eCommerce chatbots

In the dynamic realm of e-commerce, chatbots serve as versatile tools with a myriad of applications. Let’s delve into some of the top use cases where eCommerce chatbots prove invaluable:

Customer Support and Assistance

chatbots play a vital role in providing instant customer support and assistance round-the-clock. They can answer common inquiries, provide product information, assist with order tracking, and resolve issues promptly, enhancing customer satisfaction and loyalty.

Personalized Recommendations

Leveraging data analytics and machine learning algorithms, chatbots can analyze customer preferences, purchase history, and browsing behavior to deliver personalized product recommendations. This personalized approach increases engagement, drives sales, and fosters customer loyalty.

Order Placement and Tracking

chatbots streamline the order placement process by allowing customers to browse products, place orders, and track shipments directly within the chat interface. This seamless experience reduces friction in the buying journey and enhances convenience for customers.

Cart Recovery

Addressing the prevalent issue of cart abandonment, chatbots can proactively engage with customers who have abandoned their carts. By sending personalized messages and incentives, chatbots encourage customers to complete their purchases, thereby increasing conversion rates and revenue.

Upselling and Cross-selling

chatbots can intelligently suggest complementary products or upgrades based on the customer’s purchase history and preferences. By leveraging upselling and cross-selling techniques, chatbots maximize the value of each transaction and drive incremental revenue for e-commerce businesses.

Feedback and Surveys

chatbots can solicit feedback from customers post-purchase or after interacting with the website. By collecting valuable insights and feedback, businesses can gain actionable data to improve products, services, and the overall customer experience.

Promotions and Marketing Campaigns

chatbots play a crucial role in executing promotional campaigns and marketing initiatives. They can disseminate targeted promotional offers, notify customers about upcoming sales events, and engage users through interactive offers, driving traffic and conversions.

Unlocking Key Business Benefits with chatbot Implementation

Cost Savings

E-commerce businesses implementing chatbots report a reduction in customer service costs by up to 30%, resulting from decreased reliance on human agents for routine inquiries.

– Juniper Research

Enhanced User Experience

chatbots create seamless and engaging interactions, resulting in a 15-20% improvement in user experience metrics such as time on site and page views.

– Nielsen Norman Group

Improved Customer Retention

By offering proactive assistance and personalized recommendations, chatbots contribute to a 25% reduction in churn rate for e-commerce businesses.

– Harvard Business Review

Streamlined Checkout Process

E-commerce chatbots streamline the checkout process, reducing cart abandonment rates by up to 25% and increasing the completion of transactions.

– Baymard Institute

Increased Sales Conversion & Revenue

chatbots enhance the buying journey by providing personalized product recommendations and assistance, leading to a 10-15% increase in sales conversion rates for e-commerce companies.

– Business Insider

Data-driven Insights

E-commerce chatbots gather valuable customer data and insights, enabling businesses to make informed decisions regarding product offerings, pricing strategies, and marketing campaigns.

– Baymard Institute

Key Differentiators of Smart ECommerce chatbots

Omnichannel Integration

E-commerce chatbots seamlessly integrate across various channels and platforms, including social media platforms like WhatsApp, Facebook Messenger, Instagram, and Telegram, messaging apps like SMS and Telegram, as well as voice-enabled devices like Google Home and Amazon Alexa, providing a consistent and cohesive experience for users regardless of the channel they choose to engage with.

Payment Acceptance Feature

A key differentiator, the inclusion of a payment acceptance feature allows users to complete transactions seamlessly within the chat interface, eliminating the need to navigate to external payment gateways and streamlining the purchasing process.

Seamless Live Agent Transition

chatbots facilitate seamless handoff to live agents when necessary, ensuring continuity in customer support interactions and a personalized experience throughout the customer journey.

Multimodal Capabilities

chatbots offer multimodal capabilities, allowing users to interact through text, voice, and visual interfaces, accommodating diverse user preferences and accessibility needs.

Multilingual Support (38+ Languages)

E-commerce chatbots support multilingual interactions in over 38 languages, catering to a global audience and breaking down language barriers for international customers.

Seamless Integration with E-commerce Software

chatbots seamlessly integrate with popular e-commerce software such as Shopify, Magento, and BigCommerce, allowing for streamlined operations and enhanced functionality within existing e-commerce ecosystems.

Flexible Deployment Options

chatbots offer flexible deployment options, including deployment on IBM Cloud, Microsoft Azure Cloud, and AWS Cloud, providing businesses with scalability, reliability, and security to meet their unique needs.

Access to Unstructured Data

chatbots have access to unstructured data sources, enabling them to extract valuable insights from sources such as social media, product reviews, and customer feedback to inform decision-making and improve business processes.

Data Classification

chatbots classify and categorize incoming data, allowing businesses to organize and analyze information effectively, identify trends, and make data-driven decisions to drive growth and innovation.

Pricing Options

Capex Option

Purchase the Bot solution outright.

Opex Option

Subscribe to our Bot solution for a fixed monthly charge.

Pay Per Usage

This subscription model is based on conversations handled and messages processed by the bot. You only pay when the bot is actively utilized and effectively deflects calls.