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How to make money with chatbots

How to make money with chatbots ,Have you ever heard that you can earn money by making a chatbot? If not then probably this article is for you just because today’s focus is to monetize your chatbot .

According to statistics there are new chat bot marketers around 863 million in upcoming 2023.

How to make money with chatbots ,Chat bot is an incredible opportunity to make money with not much effort. They are making passive income in many ways

As an example- affiliate marketing, by selling your chat bot, get paid by commission. Landing pages, surveys, lead generation, advertising and ecommerce

You can make profit by following these ideas.

How to make money with chatbots

Before you start going to monetize your income first it’s important to learn what chatbots actually are? And how we can earn from them

Well chatbot is an automated computer programme which is set to answer pre-programmed queries by the users. They are available 24/7 to entertain their customers, that’s why they are in huge demand nowadays.

How to make money with chatbots ,Making bots is the best investment due to its support and guide companies are making profit with the support of maximum users.

 There are several ways to earn passive income through chat bots

A. CHATBOT ON LANDING PAGE

Chatbot is using a landing page to buy products and receive services. You can share the link of the landing page anywhere and people can follow that link to reach that link.

Bots are programmed to treat the conversation in a helpful manner.

Have you ever interacted any such types of bots to fix out your problem during online

B. CHATBOT ON ADVERTISING

Chat bots and customers are indispensable to each other. You can use them for branding or advertising your product anywhere.

It empowers the company to operate without labour bearing labour cost.

You can also place advertisements on their landing page to promote other brands too.

Bots help to categorise their customers and please them with sufficient answers.

It may also help to promote affiliate marketing by clicking affiliate link

C. CHATBOT ON AFFILIATE MARKETING

There is another way too to generate passive income through bots. You can monetise your chat bot to earn through an affiliate source.

If you don’t understand what affiliate marketing is?

Then let us tell you that affiliate is a link where people find any product to buy. It generates more traffic than usual.

Built the website and programmed automated bots to fill out the people queries regarding the product.

You can feed the chat bot by resolving people’s issues and please them.

Email marketing is the best example of affiliate marketing

D. SELL YOUR CHATBOT

First you need to learn how to make chatbots so that you can programme to sell them to many companies.  You can create bots to earn money by selling them to multiple companies and earn profit.

 They not only assist and guide the consumer, also generate sales and resolve technical issues.

With only a little effort you make many bots and sell to numerous businesses.  On addition to that upgrade bots as new feature or on going support as per the requirement to the company

E. CHATBOT TO CONDUCT SURVEY

Few bots are also prepared to conduct online surveys and gather feedback data and responses to the users, after that use them in various ways.

On making money, bots sell the data to the relevant companies and get instant cash.

You can even receive commission on sharing data to a particular industry which is a good source of income.

Sometime you get more than that if you share important data and feedback and collect information to a specific company

F. CHATBOT TO GENERATE LEAD

If you customise your bot according to the lead or a location to a specific person or a place, then it can multiply your earnings according to your way.

It Programmed to automated bots in particular which lead and define a person perfectly.

 The lead can be sold or make commission in an excellent way. 

G. CHATBOT TO ECOMMERCE

Monetising chat bot in the ecommerce industry is another alternate source to make money.

Prepare bots to make FAQs for ecommerce websites.

Chatbot answers all the queries regarding a product like shipping order, product inquiry, location and so on.

Assembling bots in ecommerce websites will satisfy the company and the customer too. It can even make you pro.

HOW INTELLIGENT CHATBOT WORKS

Intelligent chatbots  are broader than their ability and offer better facilities to their visitors.

In chat bot two features are necessary to work correctly

·       Machine learning

·       NPS( natural process learning)

While making an intelligent chatbot it is extremely important to understand the customer’s needs and requirements. Apparently it is quite impossible to ignore completely human variables but can beat the factor a little bit.

AI chatbot uses machine learning to compute the command of the system for the next duty to perform.

When AI receives customer input it starts trying to analyse results and then output the better and relevant result to the search. 

One can find the large amount of data by using computation learning and can find the results.

Over time to time chatbots upgrade to use intelligence to respond correctly and prominently.

IMPORTANT TO MAKE AI CHATBOT WITH NLP

Meaning of NLP (natural learning process) is to understand human language perfectly.

It helps to acknowledge the customer’s emotions and intention properly.

NLP chatbots have the ability to converse with customers accurately. Customers even don’t recognise that they are talking to a human or a robotic voice.

Artificial intelligence is far better than rule based chatbot in communication and fixing the problem with ongoing solutions.

Well there are some challenges to making an intelligent chatbot. In the next upcoming heading we will figure it out.

CHALLENGES IN MAKING INTELLIGENT CHATBOT

While making an intelligent chat bot you may be tackled with challenges. It is quite difficult to make a perfect chatbot. You might face many provocations.

Here are some challenges, let’s describe it deeply

1. LOGICAL RESPONSES

Achieving logical responses while making chatbot is a tough job. The chatbot must have the ability to answer each and every question systematically and accurately. The reply should be straightforward without any hustle for the users.

Logical response is hard to hit but can attain with little more effor

2. REPRESENTATION IN EVALUATION

It is the big question which answer is still pending.

How is the performance of chatbot?

The answer is become easy if chatbots performance is well, but on the contrary it is difficult to analyse whether chatbot is doing their specific task properly.

Well researchers find that chatbot cannot replace human perfectly.

3. FACTORS COMBINATION

There are multiple challenges which need to overcome while making chatbot. 

Among the other challenges the sensible one is to combining factors to be use in implementing chatbot.

All the factors keep in mind like context as well as easy and simple language for cooperating in the industry.

Customise language text to converse should be main focused    

4. UNDERSTAND THE OBJECTIVE

When you try to create intelligent chatbot your aim or objective should be crystal clear. Why and for whom you are making chatbot. 

When your intention is to target big companies it will definitely help with the relevant context.

If you introduce the chatbot without generating your intention, then it may fail.

Variety of purpose is always needed to conquer something.

HOW TO MAKE A CLEVER CHATBOT

We had learnt how to make money from chatbot so well. Now it’s the right time to learn to make a clever bot.

Making AI chatbot is a game changer for those who are looking an advanced opportunity for interaction.

It reduces the man power totally and works efficiently

There are three features to make an effective AI bots

  • Circumstantial learning
  • Eternal learning
  • Logical cede

WHICH CHATBOT IS BEST- RULE BASED OR AI BASED?

 Both chatbots have their own personal pros and cons.

You can’t deny the fact that each chatbot is important.

Which chatbot is best and should be used it depends on the work load done by the chatbot.

Let us now discuss pros and cons of both chatbot

PROS AND CONS OF RULE BASED CHATBOT

PROS

  • It always answer pre-defined sets of questions
  • It is extremely easy and simple to access
  • They trained according to the demand of the company
  • Rule based chatbot are more responsible and secure
  • Try to provide consistence customer services
  • It reduces to provide unnecessarily anwers
  • It save the data instantly given by the users

CONS

  • Rule based chatbot make every small task crucial
  • It works with limitations
  • As it work with limitation, cannot handle beyond conversation and hand over to human
  • Rule based chatbot personalise communication
  • It is quite difficult for the makers as well to assemble all the relevant queries in rule based chatbot
  • They are more complex to handle
  • Sometime remove all the data due to some glitch

PROS AND CONS OF AI BASED CHATBOT

PROS

  • AI chatbot are automated learner
  • It programmed with NLP (natural learning process) and machine learning
  • It saves adequate time, money and energy
  • They do not need to update time to time
  • They can easily converse exactly like human with the same accent
  • It can also analyse different nature of language and answer with the same manner
  • They can handle the customer query with their same emotion and intention

CONS

  • It is unable to understands human context easily
  • AI chatbot cannot identify the cause hence not able to make proper decision
  • Lack of feeling  and emotions
  • Every time required maintenance
  • It is quite difficult to create
  • They communicate with everyone in the same way
  • Sometimes expensive to built

UPCOMIING INTELLIGENT CHATBOT IN USE

In future more advanced chatbot is needed to perform task for further responses.

Advanced intelligent chatbot comfort are extensive hence it allows the company to grow their business efficiently.

The social networking sites need more modern and flexible bots to improve the services for more customer satisfaction.

As an example – Facebook, messanger, whatsapp, instagram, SMS and so on.

How to make money with chatbots ,If you want to built a strong relation between you and companies to make more money,  gat in touch with advanced bots expert.

You never know which bot will increase the demand in market.

CHATBOT SERVE IN MULTIPLE INDUSTRIES

There are enormous of industries where chatbot are serving with 100% of customer support.

Here is the list. Let’s have a look

  • Health

Cahtbot saving a lot of money by fixing appointments, prescription queries, updating patient test report and many more 

  • Education

Chatbot helps in education sector as personalise data, professors and students feedback, assessment record, learn new things related to specific subject along with that study material provided

  • Ecommerce industry

Ecommerce industry takes a lot advantage with chatbot by formulating many facilities like sale detail, conversion rate, scalability and many more

  • Banking and finance sector

Banking industry using chatbot over many years to resolve queries in bulk. They are performing task like account holders query and so on.

  • Sales and lead generation

Summary

 How to make money with chatbots first  Chatbot are doing important role in our day to day life.

Every time whenever you go to any website regarding any related search you might get interacted with chatbots without knowing them actually.

There intention is neither to replace a human nor manipulate the customer.

How to make money with chatbots ,The good thing they truly know the companies requirement and work accordingly.

They are good in providing services, less cost effective, manage critical task and with enormous benefits.

We try to cover all aspects related to your search. 

 How to make money with chatbots , If you are sitting with the same boat and finding the best bot to increase your business services and entertain your customer then this article might be helpful to you

Zia kazmi

Zia Kazmi is a freelance content writer and a blogger. She believes that written and analytical skills are not only a fundamentals part of academic excellence. But also building blocks of critical thinking in today's time She writes unique and researched driven content about survey niche, money making platforms and international payments gateway and works closely with digital marketing content that gain social media attention and increase their search engine visibility

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Zia kazmi