How To Increase Your Chatbot Conversion Rate

In the marketing world, there are millions of ways to market to your target customers. And marketing is all about optimizing your techniques to get the most bang for your buck. A simpler way to put it is this: the purpose of marketing is to increase conversion rates. 

In a podcast with Billy Bateman featuring Ish Jindal, they discuss how marketing is data-driven, especially when it comes to bots. If your marketing strategy doesn’t allow you to clearly measure the success rates, then maybe it’s time to switch it up. You might also need a change if your current strategies are not getting you where you need (or want) to be number-wise.

How To Increase Your Conversion Rates With Chatbots

Data shows that switching to bots can increase your conversion rates by 50%! Who doesn’t want increased conversion rates? Ish has seen companies’ conversion rates increase by up to 50% when they make the switch from generic web forms to automated conversations with chatbots. The way he has done that is by helping companies connect their paid ads to conversational landing pages.

For example: Let’s say that someone googles car insurance. An ad for Geico pops up and they click on it. It takes them to a boring old web form. Yes, that can still give them leads, but imagine if you could get even more leads for the same amount that you’re spending on the ad. That’s where chatbots enter the scene.

That same process as mentioned in the example above can be improved by directing the customer to a chatbot when they click on the ad. It has been proven to be more effective in capturing and qualifying leads. That can get you extra revenue from what you’re already spending on ads.

It’s all numbers-driven. By having a bot tied to a paid ad, you’re able to measure the conversion rates AND the exact traffic source. It basically will indicate where you should spend those marketing dollars to generate more leads. But how exactly do you get your bot to that level?

How To Build a Conversational Chatbot

Since 2016, companies have started to implement chatbots into their marketing design. We have seen that chatbots have evolved and will continue to do so to become much more effective in increasing conversion rates. Let’s discuss 3 important points when building your bot.

Put Effort Into Your Bot Design Process

Ish brings up a good point that you can’t have the mindset of: “Oh perfect, I will pay for a chatbot, deploy it on my website, and my conversion rates will go through the roof!” Unfortunately, it doesn’t really work like that. The bot in and of itself is not a magic wand that spontaneously increases conversion. Efforts must be put into the bot-making process to have an effective chatbot.

Make the Flow Conversational

It is vital to have a good conversational flow. Here’s a poor example: “Please share your name.” Who talks like that over text conversations? No one! So neither should your bot. Work on improving the copy of the bot to make it more casual and conversational, so the customer can feel more open to interacting with the bot.

Let the Data Drive Your Decision-Making

You want to quantitatively see what doesn’t work, what does work, and what works better. In every industry, the tone and style of the conversation will be different. What appeals to a customer in the travel industry may be different from the healthcare industry. Know your customers, track the data, analyze it, learn from it, and then make smarter decisions in the future based on what the data showed. 

How Chatbots Can Help Increase Conversion Rates

The goal of a chatbot is to help prospects enter your funnel. That’s how your conversion rates will increase. Your marketing funnel essentially maps out how the customer will interact with your business and their decision process. It starts with awareness, which can then spark an interest. Further down the funnel comes their desire to buy.

Bots guide customers into your funnel, which can give you more data. You want to be able to pinpoint what stage of the funnel you are losing people. That will allow you to adjust what you’re doing and improve the efficiency of your marketing strategy. Ask yourself: Are we losing people toward the top of the funnel? Maybe you need to shift your marketing to enhance awareness. Are people dropping out right before conversion? Analyze what’s going on with your funnel and make improvements to increase conversion rates.

That’s why chatbots are so great. They allow for a smooth journey down the funnel. A study showed that 9 out of 10 consumers would like the option to use messaging to contact a business. Conversational AI is what appeals to consumers in this day and age. That’s what will get them to enter your funnel and convert. 

Define Your Use Cases

If a bot does not have a clearly defined use case, how are you going to measure the success rate? For example, if a bot has so many different goals and options, it will not be the most enjoyable experience for the customer. And it will be difficult to see what exactly the bot is or isn’t helping with. 

Design your bots with specific use cases. Don’t feel that one bot on one web page needs to be able to do everything. On your website, you might want an FAQ bot on one page and maybe another bot with the use case of booking a demo, and perhaps a third where the customer can actually buy through the bot. This keeps the process simple and user-friendly.

Make Everything Data Driven

Chatbots can help initially capture the user’s attention, spark their interest, and be used to guide them along the conversion process. When you create, deploy, and iterate your bots, don’t just do it off of a personal opinion or a hunch. Use numbers to back it up. The data doesn’t lie! Here at Chatfunnels, we help companies identify and engage with their ideal target audiences using chatbots. This helps connect with the users on your site and build your sales funnel! Looking to see how a chatbot can help your company? Click here to book a free demo!

If you’re interested in finding out what a bot can do for your website, book a demo with us today! 

READ MORE

Using Data to Align Sales and Marketing

December 15, 2023

All You Need to Know About the Demand Gen Summit

October 18, 2023

September Webinar: Signals Product Update

September 28, 2023

The Danger of Relying on Crowdsourced Data: Why Accuracy Matters

September 21, 2023

Boost Visibility and Boost Conversion: Strategies for Networking in E-Commerce

September 21, 2023

Unveiling the Secrets of TikTok Marketing: Unlock Your Affiliate Success!

September 21, 2023

McKinsey Report: Digital Marketing Trends for 2023

September 21, 2023

Video Content: A Powerful Tool for Digital Marketing Success

September 21, 2023

Newsletter Platforms: Impacting Journalism & Revolutionizing Subscriptions

September 21, 2023

Corporate Water Diversion: Maui’s Agricultural Crisis & the Need for Improved Water Rights Regulations

September 21, 2023

Level up Your Earnings with Fiverr’s Affiliate Program in 2023

September 21, 2023

Importance of Digital Marketing and AI Tools in Shaping Future of Companies – Insights on Website Visitor Behavior and Conversion Strategies

September 21, 2023

Upselling and Cross-selling: Pathways to Higher Revenues

September 21, 2023

Navigating Customer Acquisition in a Post Cookies World: The Role of AI and Adaptability

September 21, 2023

The Future of Marketing and Sales: Harnessing the Power of Signals AI Tool

September 21, 2023

The Growth of Mobile Commerce: Implications for Marketers and Sales Strategies

September 21, 2023

AI in Marketing: Revolutionize Customer Engagement with AI-Powered Strategies

September 21, 2023

Strategic Impact of Colors in Web Design

September 21, 2023

The Relevance of SEO in Digital Marketing: Boosting Visibility, Traffic, and Conversions

September 21, 2023

Harnessing Sales Activity Volume: A New Approach for Control and Learning | Signals AI

September 21, 2023

The Future of eCommerce Marketing: AI, Personalization & Consumer Insights | Signals Hot Take

September 21, 2023

Start seeing your Buyers' signals

Signals is helping companies automate, grow, and close sales pipeline with industry-leading predictive intent scoring, lead generation, and real-time engagement.

Signals