What are the typical benefits of chatbots for a business?

What Are the Typical Benefits of Chatbots For a Business? 19 Advantages Explained

Imagine having a tireless assistant for your business – one that never sleeps, always responds instantly, and can handle multiple tasks at once without breaking a sweat.

Sounds too good to be true? Well, that’s exactly what chatbots bring to the table.

As businesses search for smarter ways to engage customers and streamline operations, chatbots have quickly become one of the most effective tools around.

You might be wondering, “What are the typical benefits of chatbots for a business?” The truth is that these digital assistants are far more than just a cool feature on your website. They can revolutionize the way you do business, from improving customer service to freeing up valuable time for your team.

In this article, we’ll explore 19 reasons why chatbots are a vital part of any business strategy.

What Exactly Is a Chatbot?

A chatbot is a software program that can have a conversation with your website visitors, like a digital helper that’s always on standby.

Whether it’s through text on a website or social media, or even via voice commands, these virtual assistants are designed to respond to questions, provide information, and help with routine business processes – often mimicking human agents.

They can handle everything from answering common inquiries to guiding customers through a purchase, making them a super handy tool for businesses looking to improve their customer experience and save time.

How Chatbots Can Be Used

Chatbots can be customized to handle a variety of tasks, depending on what your business needs.

Two of the most common ways businesses use chatbots are for customer service and sales, each offering its own set of benefits.

Chatbots for customer service

Customer service chatbots are your 24/7 support team – ready to answer questions, help with order tracking, or solve basic issues whenever a customer needs it.

These bots can handle a lot of the repetitive tasks that usually clog up your support channels, freeing up your human team to tackle more complex problems.

Plus, they never sleep, so your customers get help exactly when they need it, boosting satisfaction and meeting customer expectations.

Learn more about customer service chatbots here.

Chatbots for sales

Chatbots are great at engaging with potential customers, answering product questions, and even helping close the deal.

Let’s say someone is browsing your site and isn’t sure what to buy. A sales chatbot can jump in, ask a few questions, and suggest the perfect product.

They can even guide customers through the checkout process, making it super easy for visitors to become buyers.

Plus, they can qualify leads by asking a few targeted questions to collect information about the customer’s needs, budget, timeline, and level of interest.

Check out our list of the best sales chatbots on the market.

What Are the Typical Benefits of Chatbots For a Business?

Chatbots are invaluable tools for both customer service agents and sales teams.

Here’s why:

1. Round-the-clock availability

These days, customers expect you to be there for them 24/7, whether it’s for IT support, customer service, or sales.

But the reality is that most businesses can’t afford to have a team working around the clock. That’s where chatbots come in. They’re the ultimate solution for staying available whenever your customers need you.

Take this as an example: If your office is closed after regular business hours, you could be missing out on a ton of business. And if you’re serving international customers, different time zones add another layer of complexity.

Ultimately, chatbots let you provide round-the-clock support without breaking the bank, making sure you never miss an opportunity to connect with your customers, no matter when they reach out.

2. Instant responses

No one likes waiting around for answers.

Would you rather chat and multitask your way through a quick query or stay glued to your phone, waiting for a support agent to finally respond? The answer is clear.

That’s why a quick response time is a big deal. In fact, when it comes to customer-facing chat, that first reply needs to happen in under a minute. And guess what? Chatbots provide instant responses that keep customers happy and engaged.

What are the typical benefits of chatbots for a business? Quick response times

3. Increase employee productivity

According to recent data, chatbots have become increasingly proficient, handling between 75% to 90% of customer queries from start to finish.

So, how do chatbots help businesses in increasing employee productivity? They can take care of most of the repetitive tasks, like answering FAQs and tackling basic questions, which lets your human agents focus on the more complex issues that need their attention.

By reducing the workload and minimizing the stress of handling high volumes of inquiries, chatbots help prevent burnout, leading to a happier and more productive workforce.

4. Scalability

Even with the best strategies like pre-chat surveys and smart routing, scaling your customer support team to handle a surge in queries can get tough and expensive, especially if you rely solely on human agents.

That’s where chatbots really shine. When your query volume spikes, chatbots can step in.

One bot can manage countless queries at once, making it super easy and cost-effective to scale up your support without missing a beat. So, whether it’s a busy holiday season or a sudden influx of customers, chatbots help you keep things running smoothly.

5. Maintain an omnichannel presence

In today’s buyer’s market, you’ve got to be where your customers are – whether they’re browsing your website, scrolling through social media, or checking their email.

So, an omnichannel approach is essential.

Chatbots can engage with your customers across all platforms. They can be used on websites, apps, social media, and email. And the best part? They can juggle multiple conversations on different platforms all at once.

So whether your customer starts a chat on your website and then moves to Facebook, the chatbot can keep up, providing seamless support wherever they are.

6. Maximize revenue 

We’ve all seen it – a chatbot greeting us the moment we land on a website. But this isn’t just for show. It’s a smart move that can turn casual visitors into potential customers and guide them smoothly through the sales funnel.

Proactive chatbots, driven by artificial intelligence and enhanced with natural language processing, can engage with visitors before they even think to ask for help. This can be guiding them through your site, answering questions, and nudging them toward making a purchase.

By incorporating logical chatbot conversation flows that align with the customer journey, you can qualify leads in real-time, making sure no opportunity slips through the cracks.

But it doesn’t stop there.

Chatbots can also personalize the shopping experience by recommending products based on a customer’s preferences and past purchases.

You know that feeling when your favorite online store suggests the perfect item? That’s the power of AI chatbots at work. They ask a few smart questions, offer spot-on recommendations, and help close the deal faster, boosting your conversion rates and, ultimately, your revenue.

7. Reduce shopping cart abandonment

Organizations keep finding new ways to reduce shopping cart abandonment. This is because converting a potential client who went all the way is easier than landing a new one.

Chatbots can step in at just the right moment to minimize cart abandonment by doing a few key things:

  • Answering questions: They can instantly respond to any last-minute doubts or questions customers might have, clearing up concerns before they walk away.
  • Offering discounts: If a visitor seems hesitant, chatbots can offer a timely discount or promo code to sweeten the deal.
  • Proactive assistance: By proactively engaging with website visitors who seem unsure, chatbots can guide them through the checkout process, making it easier and more appealing to complete the purchase.
  • Suggesting alternatives: If a customer isn’t sold on a particular item, the chatbot can suggest similar products or experiences, keeping them engaged and interested.

This proactive support can make a significant difference in reducing cart abandonment and increasing your conversion rates.

8. Customer feedback and data collection

One of the key benefits of chatbots for business is their ability to effortlessly gather customer data and feedback.

Consumer reviews are more crucial than ever. In fact, customers are more likely to buy a product or service if they’ve read a trusted review about it. But here’s the catch – not many people take the time to leave reviews on their own.

That’s where chatbots come in.

You can set up a bot to prompt customers to share their thoughts right after a purchase, making it quick and easy for them to respond. The chatbot can collect feedback in various ways, depending on what suits your business best:

  • Star ratings: Clickable buttons to quickly gather star-based reviews.
  • Pre-written responses: Options that let customers choose from pre-written responses for fast feedback.
  • Free-text box: A space for customers to provide more detailed, subjective feedback if they prefer.
  • Incentives: Offer discounts or vouchers as a thank-you for sharing their thoughts.

Plus, if some customers need more time, your chatbot can be connected to email, sending feedback requests that they can respond to at their convenience.

This flexibility ensures that you’re capturing valuable insights from as many customers as possible.

Using chatbots for customer feedback

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9. Lead generation

When a visitor lands on your site, a chatbot can immediately engage them with a friendly greeting and a few targeted questions. These questions are designed to qualify leads by gathering essential info like what they’re interested in, their budget, or their timeline.

The chatbot can then guide them to the next step, whether that’s booking a demo, signing up for a newsletter, or getting in touch with your sales team.

What’s great about chatbots is that they can handle multiple conversations at once. Plus, they can provide instant responses, keeping potential leads engaged and reducing the chances of them bouncing off your site.

And let’s be real, not everyone loves filling out long forms, so having a chatbot chat with your visitors is a much more engaging and user-friendly way to capture lead information.

10. Boost customer engagement

Keeping customers engaged is key to building strong relationships and driving sales, and chatbots are a great tool for doing just that.

With their ability to interact with users in real-time, they can keep the conversation going, making sure your customers feel heard and supported.

These instant customer interactions not only keep visitors on your site longer but also increase the chances of them taking action – like making a purchase or signing up for a service.

Chatbots can also tailor their interactions based on user behavior, making the experience more personalized and relevant. For example, if a customer is browsing a particular category on your website, the chatbot can recommend similar products or offer special discounts.

This personalized touch keeps customers interested and encourages them to explore more.

11. Multilingual support

Being able to communicate with website visitors in their preferred language is a huge advantage, and that’s where chatbots with multilingual support capabilities come in handy.

They allow your business to engage with customers across different languages, breaking down language barriers and making your brand more accessible to a wider audience.

Imagine having customers from various countries visiting your website. A multilingual chatbot can instantly switch to the visitor’s preferred language, whether it’s Spanish, French, or Mandarin. This not only improves the customer experience but also shows that your business values and understands its diverse customer base.

By offering support in multiple languages, chatbots can help you tap into new markets, cater to international customers, and build stronger relationships with non-native speakers.

12. Reduce employee churn

One of the less obvious but highly valuable benefits of chatbots is their ability to help reduce employee churn.

In high-pressure environments like customer service, the repetitive nature of handling the same basic queries day in and day out can lead to burnout and frustration among employees. This often results in higher turnover rates, which can be costly and disruptive for businesses.

Chatbots can take over these repetitive tasks, answering common questions and handling simple issues, which allows your human employees to focus on more complex and fulfilling work.

When employees can focus on problem-solving, creative tasks, and building relationships with customers, they’re more likely to feel valued and stay with the company longer.

So, chatbots are a great tool for keeping your team happy and reducing the costly cycle of hiring and training new staff.

13. Consistency

Consistency is key when it comes to customer support, and chatbots are masters at delivering it.

Unlike customer service teams, who can have off days or interpret information differently, chatbots provide uniform responses every time. This means that no matter when or where your customers reach out, they receive the same accurate and reliable information.

With chatbots, you can ensure that your brand’s voice and messaging remain consistent across all interactions. Whether it’s answering FAQs, processing returns, or guiding customers through troubleshooting steps, chatbots stick to the script and help you eliminate any risk of miscommunication or varied service quality.

14. Seamless integration with live chat

One of the biggest chatbot benefits is how easily they can integrate with live chat, creating a smooth and efficient support system for your business.

Chatbots can handle the initial customer queries, managing the routine questions and simple issues that don’t require a human touch. This frees up your live agents to focus on more complex or sensitive matters.

But the real magic happens when the chatbot and live chat work together. If a customer’s issue is too complex for the bot to handle, the chatbot can pass the conversation over to a live agent, complete with all the context and information already gathered. This handoff is quick and effortless, ensuring the customer doesn’t have to repeat themselves and gets the help they need without delay.

This integration also means that your team can manage higher volumes of inquiries without compromising on service quality.

Social Intents creates advanced AI-powered chatbots that can handle initial customer inquiries, answer common questions, and manage routine tasks. If the conversation requires a human touch, the bot can smoothly transition the chat to a live agent right within the same communication platform.

Curious to find out more? Dive deeper into the features here.

15. Streamline customer onboarding

Customer onboarding is a crucial step in building strong relationships, and chatbots can make this process smoother and more efficient.

With their ability to provide instant guidance and support, they can help new customers get up to speed quickly without the need for constant human intervention.

Here’s how it works: When a new customer signs up or purchases a product, a chatbot can guide them through the onboarding process step by step. This might include providing tutorials, answering common questions, or even setting up a personalized onboarding plan based on the customer’s needs. The chatbot can also gather important information from the customer, ensuring that the experience is tailored to their specific requirements.

By automating these tasks, all customers receive the same high-quality onboarding experience, no matter when they sign up. This consistency helps new customers feel supported and confident in using your product or service, which can lead to higher satisfaction and better long-term retention.

Plus, if the customer encounters any issues during onboarding that the chatbot can’t handle, it can seamlessly connect them with a human agent who can provide more detailed assistance.

16. Reduce operational costs

Chatbots can handle a large volume of routine tasks that would otherwise require human employees, such as answering frequently asked questions, guiding customers through processes, or managing simple customer service requests.

By automating these tasks, businesses can reduce the need for a large customer support team, which directly cuts down on labor costs.

Additionally, chatbots work 24/7 without needing breaks, overtime pay, or benefits, which further contributes to savings.

17. Enable self-service options for customers

Chatbots are an excellent way to empower customers to help themselves, which not only enhances the customer experience but also reduces the burden on your support team.

For example, a chatbot can assist customers in tracking their orders, resetting passwords, finding product details, or troubleshooting issues – all without the need for human intervention. This kind of self-service is especially appreciated by customers who prefer to resolve their issues quickly and independently.

18. Support for internal business processes

Chatbots aren’t just for customer-facing tasks. They can also be incredibly valuable for supporting internal business processes, especially when integrated with platforms like Slack or Microsoft Teams.

For instance, a chatbot integrated with your preferred messaging apps can handle a variety of internal requests, such as scheduling meetings, setting reminders, answering HR-related questions, or even onboarding new employees.

Need to check the status of a project or pull up a report? A chatbot can quickly fetch that information without you needing to dig through multiple systems.

These bots can also help with workflow automation, such as approving requests, tracking tasks, or managing internal communications, ensuring that everyone stays on the same page and that processes move smoothly.

19. Reduced training costs

Traditionally, training new employees, especially in customer service roles, requires significant time and resources. New hires need to learn how to handle various customer inquiries, navigate different systems, and understand the company’s products or services in detail.

By handling a large portion of routine and repetitive tasks, chatbots reduce the need for extensive training on those tasks. New employees can focus their training on more complex issues that require human judgment and creativity, rather than spending weeks learning how to manage basic inquiries.

Moreover, chatbots can serve as on-the-job training tools. For example, when integrated with customer service systems, they can guide employees through the process of handling more complicated tasks, providing real-time support and reducing the need for additional training sessions.

Looking Ahead: Implementing Chatbots in Your Business

So, if you’ve been wondering, “What are the typical benefits of chatbots for a business?”, we’ve covered it all.

From round-the-clock availability and instant responses to boosting sales, reducing employee churn, and even optimizing internal business processes. Chatbots are versatile tools that can handle everything from customer service to lead generation, making them a must-have for modern businesses.

Social Intents takes these benefits to the next level by offering chatbots that integrate seamlessly with the communication platforms you already use, like Microsoft Teams, Slack, Zoom, and Webex.

This not only makes your customer support more efficient but also ensures that your team can manage everything from one place, reducing the need for multiple tools and keeping your operations smooth.

Ready to see how chatbots can transform your business? Sign up for a 14-day free trial with Social Intents today.