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How Conversational Commerce Shifts Businesses into the Modern Era of Communication

In the Chatfully post titled "How Conversational Commerce Leads to True Customer Focus", we discussed how embracing the conversational messaging/texting trend can improve your rep as a customer-focused brand.

In this article, we look more at how this communication shift reflects modern times. We’ll also explore what the benefits are to your business if you hop aboard the conversational commerce bullet train.

Why use it? Because everyone else is.

Sure, when kids say it, it sounds immature. It’s likely inaccurate at best, and a flimsy argument at worst. But when respected research firms and business publications use numbers in the billions, it’s not as big a stretch to round up. According to recent surveys and reports, “Messaging apps have over 5 billion monthly active users.”, and they are “now bigger than social networks.” Furthermore, the average consumer sends around 25% more text messages than emails a day.
Messaging rules the roost. Who among us hasn’t easily ignored phone calls and emails? Yet when that chat alert pings, we’re likely reading and responding to it within seconds. And it doesn’t seem to matter who the sender is. Consumers will respond to messages from companies just as quickly as they would reply to family or friends. Why? Most likely because they have opted-in to chat with these brands. Perhaps it was to answer a question or confirm an appointment. Whatever the reason, it was the customer’s choice to connect which leads to a higher probability of a response from that person.

And that customer’s choice to connect is becoming more common ... because that’s what they prefer. According to a Forbes article written by Henry Shi, 83% of consumers contact a business over messaging to learn about a product or service, 76% to get support, and 75% to make a purchase.” In an age when on-demand services and instant gratification are the norms, chat apps and the like are the ideal communication tools. Brands who are smart enough to leverage this trend and do it right are likely to zoom past their competition.

Staying ahead of the curve

Speaking of the competition … you may be wondering just how many companies are on-trend. A recent study reports that nearly 40% of brands incorporate some form of texting into their customer communication strategy. In addition, those businesses who have not embraced this strategy say they recognize the value in it.
Experts expect these numbers to rise dramatically in the next year and predict that brands who are slow to embark on the conversational commerce bullet train will be left in the dust. It’s easy to understand why when you realize the missed sales opportunities that come with missing that train.

  • Customer-led leads: As stated earlier, an advantage of messaging is that consumers will connect with you first. They’ve opted to receive your texts so there is a high level of engagement in place should you have anything new to offer. As you’ve also read above, there is a higher chance of a quick response from customers who are used to sending back instant messages.
  • Brand advocacy: Every conversation with your customer is a chance to build trust and loyalty. Nothing delights customers more than fast, friendly, and helpful service, and messaging is an easy and efficient way to achieve that. Once that trust and loyalty develop, high praise and recommendations from your consumer fans are not far behind.

We’ll explore more benefits of conversational commerce in future posts that will focus on various messaging technologies and use cases. For now, I’ll leave you with another quote from SnapTravel’s Henry Shi:

“... the emergence of conversational commerce represents the next big opportunity for brands and retailers to capture and engage with their audience in a more personal way; a way that allows them to create intimate, magical experiences that were never before possible.”

The modern era of communication requires intimacy and magic. Conversational commerce is the bullet train ticket that will blast you there. Come aboard and enjoy the ride!

New to conversational commerce or want to step up your chatting game? Chatfully can help! Click here to learn more.

Sources

1. Research, HubSpot. "Messaging Apps Have Over 5B Monthly Active Users." Research.hubspot.com. N. p., 2017. Web. 19 July 2017.

2. "THE MESSAGING APPS REPORT: Messaging Apps Are Now Bigger Than Social Networks." Business Insider. N. p., 2016. Web. 20 September 2016.

3. "Council Post: Will 2019 Be The Breakout Year For Conversational Commerce In The U.S.?." Forbes.com. N. p., 2019. Web. 7 May 2019.
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