10 Smart AI Chatbot Business Ideas For

The advent of AI chatbots has changed the dynamics of business-customer, business-prospect, and business-partner interactions. These chatbots offer quick responses, tailored suggestions, and 24/7  assistance across multiple platforms.

If you want to enhance customer service, boost sales, generate leads, or automate tasks, an AI chatbot idea is waiting for you. Chatbots are currently one of the most popular and in-demand technologies, and rightfully so. A recent survey found that 69% of consumers prefer to use chatbots because they provide instant automated responses and a seamless experience.

AI and NLP are making chatbots more intelligent and versatile. Chatbots are being adopted by businesses of all sizes and in different sectors.

The ideas and examples provide an overview of how companies can use chatbots to streamline processes, reduce costs, generate revenue, and improve customer experience. Before we get into the best chatbot ideas, let’s start with what a chatbot is.

What Is A Chatbot?

A chatbot is a virtual conversation agent. Chatbots can hold an online conversation based on pre-set scripts and rules. They perform a specific action in response to a specific event. For example, the best AI chatbots can provide a discount when your customers abandon their shopping carts.

 

Websites where you talk to a “robot” are getting the general public’s attention. Chatbots can be categorized in a wide range of ways. There are eCommerce chatbots, voice assistants, video game bots, etc. In more general terms, the most common types are AI chatbots and scripted chatbots.

Many are discovering that a chatbot platform can save money, increase sales, and improve customer satisfaction. If you’re looking for innovative ways to grow your business, consider one of these 10 AI chatbot business ideas:

10 Best AI Chatbot Business Ideas

Artificial Intelligence (AI) chatbots have become a game-changer in business, allowing companies to automate their customer service and sales processes.

These best chatbot ideas range from lead generation to personalized marketing and everything in between. So, let’s dive in and discover how a chatbot business idea can revolutionize your business!

1. Customer Service Chatbot

One of the best chatbot ideas is a customer service bot. Utilizing a customer service chatbot can do wonders for your business by providing 24/7 support to your clients. These chatbots are designed to assist visitors, help them navigate your website, and answer their queries using natural language.

From simple to complex inquiries, chatbots can direct customers to relevant resources or seamlessly transfer them to a human representative when necessary.

The advantages of using AI chatbots for customer service are many. They offer a cost-effective solution that can be easily integrated into any customer service platform, and they provide instant responses that can significantly improve the customer experience.

Some key benefits of implementing this chatbot idea in your business include enhancing customer communication, enabling round-the-clock support, supporting multi-language, and saving time and money.

2. Lead Generation Bots

Nowadays, consumers are more reluctant to share their personal information with businesses. This is because providing such information implies a commitment to be contacted by the sales team for marketing purposes, and people are increasingly disinterested in receiving such emails.

Traditional lead generation methods, like pop-ups, are no longer as effective as once in capturing leads. However, chatbots have emerged as a popular alternative.

Chatbots have proven to be successful in helping 55% of companies acquire high-quality leads. This is because they can engage prospects in conversation, qualify them, and collect their details.

A lead-generation chatbot is designed to initiate conversations with visitors, inquire about their interests, and capture their contact information. These bots are particularly effective in collecting emails and identifying where visitors are in the customer journey.

3. Real-Estate Bots

A real estate chatbot is one of the greatest new chatbot ideas that can assist in handling inquiries related to buying, selling, and renting properties. As a virtual assistant, this chatbot can answer questions about the entire process, provide updates, schedule appointments, and collect potential leads.

A chatbot can be an incredibly useful tool for real estate businesses, allowing them to automate various tasks, such as collecting contact information, scheduling property tours, meetings, and calls, assisting clients in property searches, and providing comprehensive information about properties. Moreover, chatbots have the potential to generate an ROI of over 1000%, making them a cost-effective and efficient solution for your business.

Using chatbots lets your real estate business streamline repetitive property-buying tasks, enabling your agents to focus on high-quality prospects. This can help you save time and money in the long run while simultaneously enhancing customer satisfaction levels.

4. Travel And Hospitality Bots

Travel and hospitality bots are software programs that can help travelers plan and book trips and improve the experience of staying at a hotel. These bots, accessed through chat apps and messaging platforms, provide travelers with a convenient way to find and book flights, hotels, and activities.

Rather than spending time searching multiple websites, visitors can send a text to a bot and get a quick response with the information they need.

In addition to trip planning, hospitality bots enhance the hotel guest experience by handling requests like ordering room service, making restaurant reservations, or requesting extra amenities. Guests save time waiting for hotel staff by using bots for these services.

Overall, travel and hospitality bots benefit both travelers and businesses. They allow travelers to book trips efficiently and get excellent service while providing hotels with an innovative way to serve their guests.

5. E-commerce Business Chatbots

E-commerce bots are AI-powered chatbots designed to improve the online shopping experience. They provide personalized product recommendations, answer customer questions, and can even handle the checkout process.

The major benefit of e-commerce bots is that they assist customers instantly, even during busy periods or after business hours. They also gather customer behavior and preferences data to further enhance the shopping experience and drive sales.

E-commerce bots benefit retailers and customers by enabling a personalized, efficient shopping experience that increases customer satisfaction and loyalty.

6. Social Media Chatbots

Integrating chatbots into your social media platforms, such as Facebook and Instagram, can help you establish a 24/7 connection with your audience, foster stronger relationships, manage marketing campaigns, and streamline your social media marketing efforts.

The primary advantage of this innovative chatbot concept is that you can interact with your customers on the platforms they already use, making it more convenient for them to connect with you. 1.4 billion people use messaging apps and are keen to communicate with AI chatbots.

These AI bots can be modified to accomplish various tasks, such as publishing content, following and unfollowing people, and liking and commenting on posts.

One of the most significant benefits of social media chatbots is their ability to automate specific tasks and save time.

For instance, businesses can use bots to schedule and publish content on their social media accounts at specific times, freeing up their employees to concentrate on other responsibilities. Moreover, bots can engage with customers, answering their inquiries and providing support.

7. Legal Bots

Legal bots are another new chatbot idea that provides legal information and assistance. They can answer questions, offer resources and guidance, and help generate legal documents.

The main advantage of legal bots is their accessibility. People can get legal help by messaging a bot, which is useful for those in remote locations or with limited access to legal aid.

Legal bots offer an affordable alternative to hiring an attorney for simple legal matters like creating a will or contract. However, legal bots cannot provide legal representation or advice. They are meant to deliver information and assistance but should not replace a licensed lawyer.

In summary, legal bots provide a convenient and cost-effective way for people to get basic legal support. While there is no substitute for an attorney, they can help with straightforward legal needs and offer useful resources.

8. Order Tracking Chatbot

Chatbots that allow customers to track orders are an invaluable asset for companies looking to prosper. As the desire for instant satisfaction and rapid customer service grows, chatbots streamline the ordering process and bolster customer relationships.

By giving customers straightforward access to order tracking, businesses show their dedication to transparency and craft a constructive customer experience. Furthermore, chatbots help corporations conserve time and resources by automating the tracking process so staff can concentrate on key strategic goals.

9. Survey Bots

A chatbot survey is an interactive way to gather customer feedback. It prompts people to provide responses to questions through a conversation with an automated bot. Implementing chatbot surveys on your website is an effective way to enhance customer engagement.

These surveys can reach a large number of people due to their ability to quickly collect customer feedback on the same communication channel that your customers use to interact with your business. For example, you can ask website visitors for input immediately after addressing their support queries.

Interacting with customer feedback chatbots is also more enjoyable for customers. This positive experience can boost engagement and overall satisfaction with your brand. It also indicates that you value your clients and are dedicated to delivering an outstanding experience throughout their journey.

10. Language Learning Bot

A language learning chatbot is designed to help users practice a new language in a conversational context. It simulates real-life conversations and provides instant feedback, which can benefit language learners.

Chatbots can handle thousands of potential responses, but in case you encounter any difficulties.

Creating an AI chatbot that teaches users a new language is a promising business idea. This chatbot can be designed to provide language lessons, practice conversations, and offer vocabulary and grammar exercises, allowing users to learn a new language at their own pace and convenience.

Here’s an example of how a conversation with a language-learning chatbot might look like using a scenario where the user is learning Spanish in Duolingo:

• Chatbot: ¡Hola! ¿Cómo estás hoy? (Hello! How are you today?)
• User: Estoy bien, gracias. ¿Y tú? (I’m fine, thank you. And you?)
• Chatbot: Estoy bien, gracias. ¿Qué te gustaría aprender hoy? (I’m fine, thank you. What would you like to learn today?)
• User: Me gustaría practicar el pasado simple. (I would like to practice the simple past.)
• Chatbot: Muy bien. ¿Puedes decirme qué hiciste ayer? (Very well. Can you tell me what you did yesterday?)
• User: Ayer, fui al cine. (Yesterday, I went to the cinema.)
• Chatbot: ¡Excelente! ¿Qué película viste? (Excellent! What movie did you see?)

This interaction allows users to practice their language skills in a safe and controlled environment. The chatbot can correct mistakes, explain, and guide the user through different topics and grammar points. It’s a great tool for supplementing traditional language learning methods.

How to Develop the Best AI Chatbots for Your Business?

Since new chatbot ideas are designed to understand user information and preferences, to answer a question such as “What will the weather be like on Saturday afternoon”? The bot would even require a connected database and geo-data of the person who asked.

Some of the more complicated chatbots are not only able to access multiple databases but are also connected to multiple applications. A Google example of the best AI chatbot is Assist Chatbot, which allows us to order a taxi or book a table at a restaurant. 

Below are the steps to develop your own AI chatbot:

Step 1. Select the Software of your Choice

The first and most essential step when building a chatbot is choosing the right chatbot platform. We have many options nowadays, but the two most popular and best AI chatbot-making software are ManyChat and Chatfuel.

Thanks to the drag-and-drop function, both can be considered user-friendly, so you don’t need experience in the programming language to use them. Both tools are available free of cost.

Step 2. Plan the Onboarding Experience

Understanding the concept of the user experience is much more vital, so make sure to greet users with a proper greeting text and welcome message.

It sometimes also might sound weird, but there is a difference between the two texts. The greeting text comes up immediately when the chat panel is shown before the interactions start and have a really short and informative message.

After a user starts a chatbot conversation, she will see a welcome message. This must be detailed and precise. You can provide a specific product or service to get the user into the flow, or you can describe what action you can easily expect from the user’s point of view and create the corresponding buttons.

Step 3. Create the Main Menu bar

The main menu will be essential to your best AI chatbots, as this will help guide your visitors and navigate the conversation in the right direction.

You can even set up the main menu on the Main Menu tab under the Automation menu; all you need to know is that it only consists of keys. Each button will launch a process, conversation, or action.

Step 4. Pick Your Preferred Set of Keywords

The keywords menu is as the name suggests; you can even enter the different keywords to which the chatbot can react with some preconceived expressions.

Step 5. Optimize the Sequences

Designing and optimizing sequences is an essential task, as this is one of the main tools for list construction. These sequences are much more similar to the autoresponders that are even well-known from email newsletters.

You can create a wide range of sequences as you like and put them into the various part of conditions; for example: press a button.

Step 6. Set a Default Reply

It is an optional step to make the best AI chatbot; sometimes, the bot will get confused, as people often like to test the intelligence of chatbots.

If you wish to avoid the awkward silence, the best option is to be prepared with a couple of default replies, that message that the bot will use for any terms that it does not recognize.

Also read: Key Live Chat Stats for Customer Service Teams in 2023

New Trends for Businesses With The Best AI chatbots

The chatbot ecosystem is expanding rapidly despite the relatively robust current options. Here are some of the most significant chatbot trends and how they may be used.

1. Chatbots are Becoming More Human-Like

Global Market Insights states that the overall market scope for chatbots globally would be over $1.3 billion by 2024. Consequently, chatbots will likely become integral to business communications.

Bots powered by natural language processing (NLP) utilize sentiment analysis and predictive analytics to comprehend conversations and determine the intent behind queries smartly and intuitively. Although businesses increasingly adopt AI technology, successfully implementing chatbot best practices remains challenging.

2. Data-Driven Chatbot Personalization

Chatbot conversations are becoming more fluid, and the next step is improving user experience. Sentiment analysis is critical to training chatbots to interact more naturally.

Providing an effective response is inadequate; you must build a pleasant customer experience. With sentiment analysis, chatbots can determine if a discussion is going nicely and reply to customer emotions appropriately.

3. The Rise of Voice Bots

Voice is the future of technology! Users routinely start their day by asking, “Ok, Google, what’s on my calendar today?”.

According to recent reports, approximately 50% of the US population utilizes voice search features daily, while over a third (34%) use them at least once weekly. Voice-driven chatbots provide a seamless experience, which is vital for business.

Conversational bots use AI to assist customers over text and voice. Automating customer engagement will likely continue rising in 2023, benefitting industries like insurance, travel, and finance.

Banks combine customer data with the latest analytics to personalize communication. With fierce competition, brands must capitalize on every opportunity to convert leads to customers and provide the best-personalized experience, reflecting new customer service trends.

4. Customer Experience Drives Chatbot Adoption

The emergence of AI chatbots has revolutionized the way businesses engage with customers. With the growing popularity of social messaging applications, staying up-to-date with chatbot trends can help you connect more effectively with your customers.

By carefully selecting the most suitable AI chatbot platform, businesses can automate FAQ replies and customer feedback to enhance the overall customer experience.

5. Chatbots Will Automate Payments

Chatbots drastically change how businesses engage customers, manage lead-generation campaigns, and automate payments. Chatbots will automate simple payments, allowing users to pay directly via live chat or Facebook Messenger. Instant payment delights customers and improves satisfaction. MasterCard launched a chatbot for customer payments, addressing account balances, payment alerts, and final payments.

6. Integration with CRMs

Microsoft has a built-in chatbot within its popular Customer Relationship Management, which enables organizations to push chatbots into some of their existing customer service workflows.

Furthermore, integrating a chatbot into your CRM system can help address many issues. One of the most notable benefits of chatbots is the ability to provide a unified messaging window similar to those found in popular messenger applications. Additionally, chatbots can seamlessly navigate through essential workflows and accurately record responses within the system.

By leveraging CRM chatbots, businesses can streamline crucial tasks and maintain follow-ups on scheduled activities, enabling sales representatives to manage their time better and operate more efficiently.

7. AI’s Rule on Social Media

Social media platforms have evolved from connecting people to enabling brands to engage with their customers. Businesses are leveraging artificial intelligence across various social media channels to gain valuable insights into customer behavior and enhance the customer experience.

Chatbots facilitate seamless interactions on social media and help businesses to understand their customers better by analyzing data on time spent online, preferred platforms, and the purpose of using social media.

8. Automating Internal Processes

Chatbots not only improve customer service but also streamline internal business processes. They can be utilized across diverse operations to boost efficiency and productivity. In human resources, chatbots can monitor employee pulse, address basic questions and facilitate transactional services.

They simplify onboarding new employees by handling initial screening and guiding them through company policies. For internal help desks, chatbots can resolve common queries and allow agents to focus on more complex issues. The bots get smarter over time by learning from repetitive questions.

Wrapping Up

AI chatbots have immense potential to transform businesses and how they engage with customers. They can be leveraged for external and internal purposes to improve efficiency, increase productivity, and enhance the overall experience.

The ten business ideas discussed highlight the versatility of AI chatbots, demonstrating their ability to provide personalized experiences, handle complex tasks, and operate 24/7, enhancing customer satisfaction and operational efficiency.

However, it’s crucial to remember that successfully implementing a chatbot requires a clear understanding of the business’s needs and the customers’ expectations. The chatbot should be designed to solve specific problems and provide real value to the users.

Also read: Top 15 Tips for Success in Live Chat on Website

As technology advances, businesses leveraging AI chatbots will undoubtedly gain a competitive edge. The future of business lies in harnessing the power of AI to create more engaging, efficient, and personalized experiences for customers, and chatbots are a significant step in that direction.

By automating simple and repetitive tasks, bots allow employees to focus on high-value and strategic work that positively impacts key business outcomes.

The future awaits, and with the right AI chatbot business idea, you’ll be well on your way to redefining your business and leaving a lasting impact.