The ecommerce industry has been rapidly growing over the last few years. What started out as a need to be online to succeed, turned into a competition on who could entice consumers with the biggest of discounts. But today, neither the presence of an online store nor the biggest of discounts appeal to the modern consumer. According to statistics, about 80% of consumers are actually willing to interact with and pay more for getting a better experience. That’s where conversational commerce comes in.
And with the WhatsApp Business API becoming available to businesses of all scales, conversational commerce is becoming the new norm.
In this guide, we’re going to talk all about what is conversational commerce, the benefits of conversational commerce, the role of WhatsApp in conversational commerce and how you can get started.
Conversational commerce, also commonly referred to as conversational marketing, chat commerce and messenger marketing, essentially taps in the logic behind human to human marketing that has existed for decades across industries in one form or another. It refers to the tactic of using conversations over chat apps and platforms as a means to drive consumers towards making a purchase from the business.
Conversational commerce works on the logic of using conversations to guide a consumer through each stage of the buyer journey with the brand. This includes all the 5 stages of a typical customer journey map - awareness, consideration, decision, retention and advocacy. Let’s take a look at each briefly:
While conversational commerce is still a fairly new strategy for online businesses, there are some clear benefits of it that can be experienced almost instantly. Here are some of them:
Conversational commerce leverages the power and capabilities of chat platforms and apps that consumers are actively making use of. Over a period of time, there are a number of chat apps that have entered the ecosystem - Facebook Messenger, Snapchat, Telegram, Kik, WhatsApp and others.
But according to global statistics, WhatsApp has been one of the fastest growing messaging platforms owing to its ease of use. With over 2 billion users (and increasing), it is clear that WhatsApp is a widely adopted messaging platform that has enticed users from all demographics (age, gender, location and other parameters).
These numbers are what has brought WhatsApp into the limelight as conversational commerce becomes important for businesses to implement. This is not to say that the other channels are not promising platforms for conversational commerce; but owing to its ease of use, scalability and affordability, WhatsApp has become a leading choice for ecommerce businesses.
Now that you know why WhatsApp has become a leading channel for businesses to implement conversational commerce on, let’s take a look at how you can get started.
Since both conversational commerce and the WhatsApp Business API capabilities are fairly new to ecommerce businesses, we recommend following the steps below to ensure you’re making the most of this tactic to grow your business.
The very first step to implementing conversational commerce for your business is to identify the gaps in the communication between you and the consumers. The idea is to see where consumers tend to drop-off before making a purchase, where they seek more information to make a decision and how effectively have you been able to offer the same. Then, look into the capabilities of the WhatsApp Business API and automations to see how you can plug the same.
Take a look at the consumers who tend to reach out to you the most for updates or for shopping assistance. Try to pull in as much data as possible about them - age, gender, location, purchase power, purchase preference, purchase patterns, average order values and so on. Segment your audience on the basis of this data to know who you’d be targeting the most with conversational commerce.
Next, see how you want to target the customer segments you have created above. This could include things like wanting to improve product discovery, reduce cart abandonment, improve customer engagement, boost customer loyalty, drive more mobile purchases and so on. The more defined your goals and objectives are, the better you’re able to strategize your availability of conversational commerce.
If you have a WhatsApp Business account, you probably know of the basic features it has to offer. From being able to set up a profile, catalog and schedule messages, the app has a lot to offer to small businesses. But to fully implement conversational commerce, you need more than just running WhatsApp broadcasts - this is where the WhatsApp Business API comes in.
To make things simpler, opt for a WhatsApp Business API to get started. This will save you from the vast learning curve and coding, and get you started with automations in less than a week. For instance, QuickReply.ai is one of the best WhatsApp Business marketing apps used by Shopify and Shopify Plus brands to leverage the capabilities of the WhatsApp Business API to drive more sales for their business.
See why QuickReply.ai is the best WhatsApp Business API solution provider.
Once you have selected your WhatsApp Business API solution provider, we recommend integrating it with your online store CMS. This is to ensure that the data flow between the messaging platform and your online store, becomes seamless. Ideally, a good solution provider offers a one-click integration which is no-code and makes it easy to get started with using the WhatsApp Business API.
When you have a WhatsApp Business API solution provider in place and have integrated it with your online store, we recommend setting up a few workflows to communicate proactively with online shoppers before, during and after the purchase. Some of the key WhatsApp automations we recommend setting up to cater to the entire customer journey include the following:
You can also build custom workflows and automations on WhatsApp with the help of QuickReply.ai. The WhatsApp marketing app leverages the official WhatsApp Business API and comes with 40+ ecommerce chatbot workflows.
It is important to note that just as in a brick and mortar store, while some consumers can find their way to making a purchase on their own; others may require some assistance that goes beyond showing them the right sizes of the product. This is where human conversations are required to understand their preferences and be able to guide them to other products as well. That’s why apart from setting up the WhatsApp chatbots and automations, we do recommend defining when a bot should notify your live agents.
At the hand-off moment, the WhatsApp Business API solution provider should notify your team in the Shared Inbox to tackle the conversation. Alternatively, you can set up IVR deflection as well to tackle the same. The idea is to be available to the consumer on the messaging platform to drive them towards making a purchase.
Before you get started with promoting your WhatsApp Business account, ensure you are educated about all of the platform’s features. From the different types of message formats you can set up to the automations available, it is important you know about them all and have their use cases clearly understood. This will help you put them to good use as you start turning WhatsApp into a revenue-generating channel for your business.
If you’re starting to sell on WhatsApp to get the most of conversational commerce, you’re going to have to promote the channel proactively. It requires you to drive your target audience to the messaging platform; which essentially means nudging them to start a conversation with you on the WhatsApp Business account. Here are a few resources to help you with the same:
Lastly, don’t forget to take a look at the performance metrics of how conversational commerce is adding value to your business growth. Take note of how each automation helps drive a consumer from awareness to purchase and advocacy. This requires looking into the automations triggered, the open and click through rate on messages, response rate on campaigns, and how consumers move from one stage to another in the buyer cycle, the average sales cycle length, your retention rate and repeat sales.
The more attention you pay to WhatsApp Business analytics and metrics, the better you can optimize your conversational commerce strategy to get more sales from WhatsApp.
Based on DTC growth and studies conducted by ecommerce experts, conversational commerce is here to stay. While the channels of communication and connecting with consumers might change over time, conversations will become a key part of marketing, sales and support functions of a business. And at the moment, it’s WhatsApp that is enabling it all with their WhatsApp Business API.
WhatsApp is opening new doors for businesses to tap into a vast audience and drive consumers to making purchases in a repeated manner.
Ready to boost your business with conversational commerce?
Book a demo of QuickReply.ai today.
If you have a Shopify store, you can install the QuickReply.ai WhatsApp marketing to get started.
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