{"id":145160,"date":"2020-04-24T16:10:00","date_gmt":"2020-04-24T15:10:00","guid":{"rendered":"https:\/\/www.smartinsights.com\/?p=145160"},"modified":"2021-09-22T11:39:36","modified_gmt":"2021-09-22T10:39:36","slug":"future-of-marketing-is-conversational","status":"publish","type":"post","link":"https:\/\/www.smartinsights.com\/marketing-planning\/marketing-strategy\/future-of-marketing-is-conversational\/","title":{"rendered":"The future of marketing is conversational"},"content":{"rendered":"<h2>Conversational marketing can introduce personalization across the buyer journey, leading to better results<\/h2>\n<p>Only<a href=\"https:\/\/www.businessinsider.com\/shoppers-expect-more-personalization-2017-10?r=US&amp;IR=T\" target=\"_blank\" rel=\"noopener noreferrer\"> 22% of customers<\/a> are happy with the level of personalization in digital retail. However, conversational marketing could offer true 1:1 personalization at every stage of the customer journey and scale.<\/p>\n<p>Picture this.<\/p>\n<p>You walk into your favorite brick-and-mortar store to find zero sales assistants.<\/p>\n<p>Instead, there\u2019s a small box on the wall. Next to it, a pen and paper.<\/p>\n<p>The sign above reads \u201c<em>Please leave any questions here. We endeavor to get back to you within 24 hours<\/em>\u201d.<\/p>\n<p>Sounds ridiculous, right?<\/p>\n<div class='postauthor si-guide-block'>\n                <div class='col-md-2 col-sm-12 si-icon-holder'>\n                    <a target='_blank' href=''>\n                  <img src='' alt=''>\n                    <\/a>\n                <\/div>\n                <div class='col-md-10 col-sm-12'>\n                    <p><strong>Download our Individual Member Resource \u2013 E-commerce personalization buyer\u2019s guide<\/strong><\/p>\n                    <p>This guide is aimed at helping you learn everything you need to about e-commerce personalization.<\/p>\n                    <p>Access the <a target='_blank' href=''><\/a><\/p>\n                <\/div>\n            <\/div>\n<p>But it\u2019s the approach most brands have taken through digital channels for years.<\/p>\n<p>Email has been the go-to support channel. Questions require a full day\u2019s turnaround for, what is often, a vaguely useful response.<\/p>\n<p>It\u2019s simply not good enough.<\/p>\n<p>Your customers are realizing they deserve more. They\u2019re abandoning brands who don\u2019t offer the kind of quick service they need in favor of those who provide an easier, more streamlined purchase journey.<\/p>\n<h3>Your customers want a faster, more personalized service<\/h3>\n<p>Consumer expectation changes at a rate most brands struggle to match.<\/p>\n<p>Today, brands are just now starting to implement strategies that would have provided the greatest results one or two years ago.<\/p>\n<p>However, it doesn\u2019t have to be this way. If you check the developing consumer trends, you can predict what your customers will need from you six months down the line.<\/p>\n<p>In general, the developments they want you to focus on all come down to a few areas:<\/p>\n<ul>\n<li>A more personalized, relevant service<\/li>\n<li>Faster answers to questions<\/li>\n<li>Streamlined, self-service journeys<\/li>\n<\/ul>\n<h4>Personalized customer experiences<\/h4>\n<p>Personalization\u2019s effect on ROI is no secret. This <a href=\"https:\/\/pages.onespot.com\/2017-06-Relevancy-Group-Email-Whitepaper-TY.html?aliId=eyJpIjoiYndcL3E5RVhyYlNudnUwVVYiLCJ0IjoiMkVYT29Oa0RwZ1JwbnhEekdyNGlWZz09In0%253D\" target=\"_blank\" rel=\"noopener noreferrer\">OneSpot study<\/a> reports 65% of marketers understanding the importance of dynamic, personalized content.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145338\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Efficacy-of-tactics-to-drive-relevance-700x405.png\" alt=\"Efficacy of tactics to drive relevance\" width=\"640\" height=\"370\" \/><\/p>\n<p>However, 78% of marketers still only use the most basic of personalization tactics.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145339\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Utilization-of-tactics-to-drive-relevance-700x420.png\" alt=\"Utilization of tactics to drive relevance\" width=\"640\" height=\"384\" \/><\/p>\n<p>The thing is, a lot of brands - despite knowing better - think what they\u2019re offering in terms of personalization is enough.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145341\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Creating-a-consistent-customer-experience-is-critical-700x393.png\" alt=\"Creating a consistent customer experience is critical\" width=\"640\" height=\"359\" \/><\/p>\n<p>And there are huge gains to be made in offering a more personalized experience.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145342\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Personalization-has-positrive-effects-700x283.png\" alt=\"Personalization has positrive effects\" width=\"640\" height=\"259\" \/><\/p>\n<h4>Swifter responses<\/h4>\n<p>We live in an age of immediacy.<\/p>\n<p>No one wants to wait 24 hours for an answer to a simple question. Most modern consumers don\u2019t even want to wait 10 minutes.<\/p>\n<p>Today\u2019s customer is impatient and they don\u2019t want to wait. Over a third of modern customers expect responses from a brand within <a href=\"https:\/\/www.smartinsights.com\/customer-relationship-management\/customer-service-and-support\/customers-expect-brand-responses-social-within-30-minutes\/\" target=\"_blank\" rel=\"noopener noreferrer\">30 minutes of contacting<\/a> them on social media.<\/p>\n<p>A <a href=\"https:\/\/www.superoffice.com\/blog\/customer-self-service\/\" target=\"_blank\" rel=\"noopener noreferrer\">lack of speed<\/a> is the most reported problem with customer service.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145343\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Most-important-attributes-of-CX-700x361.png\" alt=\"Most important attributes of CX\" width=\"640\" height=\"330\" \/><\/p>\n<p>These stats might be slightly skewed as <a href=\"https:\/\/www.huffpost.com\/entry\/50-important-customer-exp_b_8295772\" target=\"_blank\" rel=\"noopener noreferrer\">91% of customers<\/a> will leave a brand due to bad customer service without ever telling them why.<\/p>\n<p>However, there is an increasing number of methods that will allow you to offer immediate answers to the majority of questions.<\/p>\n<p>Before we get onto them, let\u2019s look at the last issue.<\/p>\n<h4>Self-serve customers<\/h4>\n<p>When a user experiences a problem, be it with your product or your online purchase journey, they no longer want to pick up the phone or send an email.<\/p>\n<p>Instead, they prefer to figure out how to solve the issue on their own.<\/p>\n<p>They want to use your <a href=\"https:\/\/www.softwareadvice.com\/resources\/customer-self-service-portal-improves-cx\/\" target=\"_blank\" rel=\"noopener noreferrer\">FAQ section<\/a>, watch YouTube videos, or search around to see if this is the right solution for their problem.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145344\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/self-serve-customers-700x476.png\" alt=\"self-serve customers\" width=\"640\" height=\"435\" \/><\/p>\n<p>The thing is, if you\u2019re not prepared to handle the self-serve customer, you\u2019re going to see a huge number of shoppers bounce from your site.<\/p>\n<p>They\u2019re going to head to third-party sites, forums, and social media to discover if your product is right for them, or which model best suits their needs.<\/p>\n<p>Each time a user leaves your site, there\u2019s a much lower chance of them purchasing from you.<\/p>\n<h3>How conversations are changing marketing for the better<\/h3>\n<p>Despite the growth in digital marketing channels, the majority of retail transactions are still handled\u00a0in-store.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145346\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/US-e-commerce-vs-total-retail-ales-700x388.png\" alt=\"US e-commerce vs total retail ales\" width=\"640\" height=\"355\" \/><\/p>\n<p>This is heavily down to the conversations and support they can get from a sales associate.<\/p>\n<p>Some\u00a0<a href=\"https:\/\/www.timetrade.com\/about\/news-events\/news-item\/study-85-of-consumers-prefer-to-shop-at-physical-stores-vs-online\/\" target=\"_blank\" rel=\"noopener noreferrer\">90% of customers<\/a> are more likely to buy when there\u2019s someone there to help them, 1:1, through their purchase decision.<\/p>\n<p>People no longer want to feel like they\u2019re being marketed to. They want to feel like they\u2019re part of the conversation and the store they\u2019re buying from understands that they are a person.<\/p>\n<p>Until now, that\u2019s been impossible to offer this through digital channels. We\u2019ve had to rely on delayed communication tactics like email. But with recent technological developments, it\u2019s no longer an issue.<\/p>\n<p>In particular, the growth of both live chat and automated chatbots have enabled brands of all sizes to offer round the clock, personalized, 1:1 assistance to every customer.<\/p>\n<p>These conversational marketing approaches take the traditionally one-directional marketing channels like websites, sales pages, and even social media, and turn them into two-way dialogues.<\/p>\n<p>They allow the user to interact in real-time with a brand. Consumers can explain what they need and get a relevant, valuable answer in seconds.<\/p>\n<p>And all under their guidance.<\/p>\n<p>Take the below B2B <a href=\"https:\/\/www.drift.com\/conversational-marketing\/\" target=\"_blank\" rel=\"noopener noreferrer\">conversational marketing example from Drift<\/a>.<\/p>\n<p>It\u2019s a perfect representation of how leading questions can be used to qualify and segment prospects, thus ensuring they get the right information an forwarded to the right person in the business.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145347\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Driftbot-700x979.png\" alt=\"Driftbot\" width=\"640\" height=\"895\" \/><\/p>\n<p>What would once have taken numerous back-and-forth emails and sales call follow-ups can be completed in mere minutes from a single location - and often through an automated bot.<\/p>\n<p>The same process applies to B2C.<\/p>\n<p>In this example, Marvel used <a href=\"https:\/\/insights.jumper.ai\/marvels-social-commerce-conversion-rate\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jumper.ai to create a conversational checkout<\/a>. The chat asked questions allowing the user to choose their preferred theatre, times, and seats - all from a social media chat app.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145348\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Marvel-chatbot-700x318.png\" alt=\"Marvel chatbot\" width=\"640\" height=\"291\" \/><\/p>\n<p>This effectively cuts the purchase journey from a multi-step process that spans multiple channels and properties, to a single three-minute chat.<\/p>\n<p>Conversational marketing is streamlining the entire marketing funnels of brands across the globe. It\u2019s creating experiences that aren\u2019t just more natural but hit all three of the main issues your customers are experiencing.<\/p>\n<p>With a conversational approach, your customers receive;<\/p>\n<ul>\n<li>Personalized experiences that unfold and adapt to their needs based on their responses.<\/li>\n<li>Instant communication with your brand, solving their problems in minutes rather than hours.<\/li>\n<li>It\u2019s as self-serve as this level of personalization can be.<\/li>\n<\/ul>\n<p>Regardless of industry, niche, field, or segment conversational marketing can add the next level of service your customers are waiting for.<\/p>\n<p>And it\u2019s only going to do one thing\u2026<\/p>\n<h3>Conversational marketing is set to grow<\/h3>\n<p>Conversational marketing methods like live chat and chatbots are relatively young.<\/p>\n<p>However, they\u2019re already dominating the customer support space as the favored <a href=\"https:\/\/www.superoffice.com\/blog\/live-chat-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\">communication channel<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-152741\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57.png\" alt=\"Live chat stats\" width=\"1422\" height=\"898\" srcset=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57.png 1422w, https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57-550x347.png 550w, https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57-700x442.png 700w, https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57-150x95.png 150w, https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57-768x485.png 768w, https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Screenshot-2020-04-24-at-15.38.57-250x158.png 250w\" sizes=\"auto, (max-width: 1422px) 100vw, 1422px\" \/><\/p>\n<p>And it\u2019s no real surprise.<\/p>\n<p>When Facebook Messenger alone has a user base of 1.3 billion people, in addition to WhatsApp\u2019s 1.6 billion (this isn\u2019t including message service out of China), it\u2019s clear that instant messaging is the modern consumer's preferred method of communication.<\/p>\n<p>The user base is already there and it's highly engaged. It\u2019s now just a case of brands making use of these high engagement mediums to cater to this growing desire.<\/p>\n<p><b><div class=\"si_cta_banner\"><div class=\"si_cta_banner_main_content\"><img decoding=\"async\" src=\"\/wp-content\/themes\/smartinsights\/images\/smart\/icons\/membership-premium-large.png\" alt=\"Individidual membership\" class=\"membership-icon\"><h3 class=\"cta-heading\">Become an Individual Member to access the latest channel-specific guides<\/h3><a target=\"_blank\" class=\"but_2019 section_cta green\" href=\"https:\/\/www.smartinsights.com\/membership\/personal-marketing-training\/\" onclick=\"ga('send', 'event', 'IM CTA Blog Banner', 'Clicked', 'Channel-specific', 1);\">What is Individual Membership?<\/a><\/div><div class=\"cover-image\"><img decoding=\"async\" class=\"si_cta_banner_img\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2020\/03\/IM-Guide-Covers.png\" alt=\"Individual Membership Banner\"><\/div><\/div><\/b><\/p>\n<p>A huge number of brands have noticed this trend. Between 2015 and 2018 the use of live <a href=\"https:\/\/www.nextiva.com\/blog\/what-is-live-chat.html\" target=\"_blank\" rel=\"noopener noreferrer\">chat grew by 400%<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-145350\" src=\"https:\/\/www.smartinsights.com\/wp-content\/uploads\/2019\/10\/Live-chat-usage-growth-2015-to-2018-700x393.png\" alt=\"Live chat usage growth 2015 to 2018\" width=\"640\" height=\"359\" \/><\/p>\n<p>This use shows no sign of slowing down thanks to the incredible engagement and conversion rates it generates.<\/p>\n<p>For example:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.intercom.com\/blog\/why-live-chat\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tradeshift saw a 32% increase<\/a> in qualified sales opportunities when switching to a live chat solution.<\/li>\n<li><a href=\"https:\/\/econsultancy.com\/vodafones-chatbot-is-delivering-twice-the-conversion-rate-of-its-website\/\" target=\"_blank\" rel=\"noopener noreferrer\">Vodafone doubled their conversion rate<\/a> after implementing a chatbot.<\/li>\n<li><a href=\"https:\/\/insights.jumper.ai\/marvels-social-commerce-conversion-rate\/\" target=\"_blank\" rel=\"noopener noreferrer\">Marvel generated a 58% conversion rate<\/a> through social with conversational commerce checkouts (social\u2019s average conversion rates <a href=\"http:\/\/smartinsights.com\/ecommerce\/ecommerce-analytics\/ecommerce-conversion-rates\/smartinsights.com\/ecommerce\/ecommerce-analytics\/ecommerce-conversion-rates\/\" target=\"_blank\" rel=\"noopener noreferrer\">sits around 1%<\/a>).<\/li>\n<\/ul>\n<p>Nyha Shree, Co-Founder of conversational commerce solution Jumper.ai who helped Marvel with the above, explains;<\/p>\n<blockquote><p>\u201cConversational marketing is more intuitive and streamlined. It fits seamlessly into the channel the customer\u2019s engaged with and doesn\u2019t needlessly chop up their purchase journey. With a few simple clicks or taps, they can help you to help them get exactly what they want.\u201d<\/p><\/blockquote>\n<p>Conversational marketing is the future.<\/p>\n<p>It allows digital channels - which have largely been one-directional in their approach - to offer the dialogue so valued in brick-and-mortar stores.<\/p>\n<p>Your customers are crying out for a more natural, 1:1 relationship with your brand.<\/p>\n<p>The companies out there offering what customers want are reaping the benefits.<\/p>\n<p>The sooner you can implement some form of conversational marketing into your processes, the sooner you\u2019ll see your conversions rising as well.<\/p>\n<h3>Today is the day to start<\/h3>\n<p>There are plenty of solutions, approaches, strategies, and tactics for conversational marketing.<\/p>\n<p>Some might not be right for your brand. However, whether you\u2019re a B2B brand selling software or services or a B2C brand selling information or products, there\u2019s a way you can better communicate with your audience.<\/p>\n<p>The key to figuring out which approach (and thus solution) will work for you is to speak to your audience.<\/p>\n<p>Ask them what you can do to make their experience of working with your brand easier and more beneficial to their lives.<\/p>\n<p>Figure that out, and you\u2019re one step closer to implementing the solution everyone wants, and brands are benefitting from.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"postauthor\">Pete Boyle is the founder of <a href=\"http:\/\/have-a-word.com\" target=\"_blank\" rel=\"noopener noreferrer\">have-a-word<\/a> and head of content for <a href=\"http:\/\/jumper.ai?utm_source=content%20partnership&amp;utm_medium=guest%20post&amp;utm_campaign=Smart%20insights\" target=\"_blank\" rel=\"noopener noreferrer\">Jumper.ai<\/a>. Jumper.ai is a conversational marketing tool allowing brands to converse 1:1 with customers across multiple channels.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Conversational marketing can introduce personalization across the buyer journey, leading to better results Only 22% of customers are happy with the level of personalization in digital retail. However, conversational marketing could offer true 1:1 personalization at every stage of the &hellip;..<\/p>\n","protected":false},"author":96,"featured_media":152741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"categories":[833,964],"tags":[1320,1533,1371],"class_list":["post-145160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing-planning","category-marketing-strategy","tag-chatbots","tag-conversational-marketing","tag-marketing-chatbots","advicetype-best-practice-advice"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The future of marketing is conversational | Smart Insights<\/title>\n<meta name=\"description\" content=\"Conversational marketing can introduce personalization across the buyer journey, leading to better results. 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