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Leveraging ChatGPT for Business Growth

Leveraging ChatGPT for Business Growth - What You Need to Know

chatgpt-for-business-growth

ChatGPT is a powerful tool driven by AI technology that allows you to have human-like conversations and much more with a chatbot. It helps businesses of all sizes that are looking to increase their reach and engagement.

In this blog, we'll discuss the benefits of leveraging ChatGPT for business growth and what you need to know to get started.

What is ChatGPT? And, How to Use it for Business Growth?

ChatGPT is a cloud-based platform that was created by OpenAI, an AI and research company. The company launched this tool on Nov. 30, 2022.

With its natural language processing, it can help businesses automate sales conversations, provide automated customer service and recommendations, and create customized marketing experiences.

ChatGPT technology offers an excellent opportunity for business to quickly respond to customer inquiries and build relationships with customers.

Furthermore, the bot tracks customer interactions. Therefore, it gives businesses insight into customer behaviors and preferences. With its streamlined workflow and intuitive interface, it is a great way to drive business growth.

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ChatGPT Features

  • The bot can automatically respond to customer inquiries with the information they provide. For example, if a customer contacts your bot with a question, the bot can answer with the information they provide.
  • Provides automated customer recommendations based on customer feedback and preferences. For example, if a customer has purchased a particular item, the bot can recommend that same item to others.
  • ChatGPT can build relationships with customers by engaging with new ones regularly and responding to customer messages. The bot can also send personalized messages based on conversations with customers.
  • Tracks customer interactions, such as the number of times customers talk to the bot, which topics customers talk about, which customer actions customers take, and other customer behavior.
  • Easy to use. With a streamlined workflow and intuitive interface that makes it easy to get started.
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How to Start?

Once you’ve set up your ChatGPT account, you’ll be ready to start automating communications with customers.

To begin using the bot, you’ll need to create a bot account name. For example, if your business is called “Fancy Pet Grooming,” you might create a bot account name “Fancy Pet Grooming Bot.”

After creating you bot account name, you’ll need to set up an API token. For example, if your API token is called “my_token,” you’ll need to set that API token in the settings tab of your account.

Next, you’ll want to add your bot account name and API token to your bot’s account. To find your bot’s account settings, you can use the “bot account name” and “bot account token” fields.

When you’ve added your bot account name and API token to your account, you’ll be ready to start using ChatGPT.

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ChtGPT Best Practices

  • Start small, but aim high. With ChatGPT, it’s best to start small and aim high. Start with simple automation tasks, and then as you gain experience, you can move on to more advanced tasks. With automation, there is no substitute for experience; you’ll need to put in the time to learn how bots work and what they can do.
  • Keep it simple. There are many features and functionalities in ChatGPT, so it’s best to keep it simple. Start with the basics (like automatically responding to customer inquiries) and build from there.
  • Stay consistent. When developing your bot, keep it consistent. Bot development is a creative process, but it’s best to follow a logical approach.
  • Google-proof. As you’re building your bot, keep in mind that it will interact with customers. With that in mind, make sure that it follows Google’s guidelines for building bots.
chatgpt-best-practices

ChatGPT Pricing

ChatGPT pricing is based on the number of actions a bot performs, with the more actions performed, the cheaper each action will be. For example, a bot that sends a single text message costs $0.28 and a bot that sends 100 messages costs $0.17 per message.

chatgpt-pricing

Customer Service

Customer service is crucial for the success of any business, and ChatGPT gives you the power to deliver exceptional customer service.

With the help of the “Help Center and FAQ” feature, you can quickly and easily find solutions to common customer service issues.

You can also use the “Report a Problem” feature to report any issues with the bot that you may encounter.

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Integrations

ChatGPT has integrations with most major platforms, including Facebook, Skype, Slack, HubSpot, Google, Gmail, Intercom, Unbounce, and many more.

Did you know that MAR Digital Marketing can help you with HubSpot integrations with several tools including ChatBot?!

Check out my HubSpot Marketing Software Certification.

chatgpt-integrations

ChatGPT Alternatives

  • ChatGPT vs Zendesk: ChatGPT offers a lot of the same features as Zendesk, but it also includes many features that Zendesk doesn’t. For example, ChatGPT has many more integrations than Zendesk, has an improved FAQ feature, and includes in-depth reports and charts.
  • ChatGPT vs Sprinklr: ChatGPT includes many of the same features as Sprinklr’s Sprinklr Bot, including customer support and integrations, automation, and analytics. However, Sprinklr Bot has more advanced features than ChatGPT, such as natural language processing.

Need help figuring out the best Chatbot solution for your business?! Contact MAR Digital Marketing now to discuss your needs and requirements.

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5 Digital Marketing Trends for 2021

5 Digital Marketing Trends for 2021

5-digital-marketing-trends-for-2021

The global pandemic had an impact on every business and industry in 2020. And one of the major implications of the Covid-19 pandemic has been that it has accelerated a switch to all things digital.

Almost all businesses had to adapt the way they communicate and do business – social media usage has skyrocketed and businesses have adopted a ‘virtual’ way of working.

Keeping in mind how fast marketing technology moves, and the unpredictability of consumer interests, shopping habits, and behaviors; any business that has the intention of remaining competitive in today's online landscape must adapt to the rapidly evolving changes in digital marketing.

Here are 5 digital marketing trends that you have to pay attention to in 2021.

1- Live Interactions with Virtual Events

No surprise here, virtual events are the first on our list of digital marketing trends for 2021.

Virtual events started out of necessity, but are here to stay because of their ROI and accessibility. They provide new experiences for your audience to engage with you outside of your traditional sales messaging.

Keep in mind that going digital means getting even more data and insights from your event, which provides more ways you can show value if you tracked the right metrics. With virtual events, you have the ability to expand your reach beyond the confines of geography, and it also allows for more targeted, personalized messaging.

However, a successful virtual event requires a switch in strategic thinking, the right partners for content and technology, and adding interactivity in order to foster engagement, keep attention, and pull off a virtual event that is as exciting as your in-person plan, if not more.

There are lots of options that you can deploy in a way that makes the most sense for your audience, format, and content.

Here are some best practices that you could implement:

- Using conversational formats instead of rote webinar standards which can help attendees feel more relaxed and engaged during sessions especially when you have a great moderator.

- Virtual product showcases and real-time illustrations during sessions can take the place of some of what attendees are used to seeing on the show floor, while virtual lobbies can help you with crowd control and give attendees a valuable chance to chat and introduce themselves.

- Having features like feedback and Q&A sessions built into your platform helps you better handle audience interaction, manage the information flow, and boost engagement, and ensure that conversations are a two-way street.

- Finally, you can use polls and surveys to break up your content flow and include contest or raffle elements to add some fun and excitement while working as an additional incentive.

digital-marketing-trends-2021-vr

2- AR and VR Integration

Augmented Reality (AR) and Virtual Reality (VR) are the two major technologies that are overtaking the present and future of business, from product development to storytelling and creating engaging content.

Moreover, AR and VR marketing allows your business to bridge the gap between experience and action. They can help you craft a 3D experience in place of a physical one, which strengthens the engagement and interaction between your business, its products/services, and the customers while encouraging conversions in interesting ways at the same time.

Some of the false ideas about AR and VR that they are primarily for gamers and require heavy investment in technology. In fact, access to smartphones means that the average consumer can now enjoy AR and VR experiences.

Virtual Reality (VR):

One of the key benefits of VR that it changes the dynamic between businesses and customers. Rather than using ad blockers or clicking out of ads as quickly as possible, people seek out VR brand experiences. This means improving your engagement rates as people come to you, rather than you need to attract them.

Augmented Reality (AR):

AR is an emerging trend in marketing and sales strategies that can help you drive sales and enhance brand value through mobile devices. It can help you provide your customers with unique experiences with the convenience of tapping into their mobile devices, leading to increased business opportunities and sales.

Embracing AR and VR technologies as marketing tools will distinguish your brand and provide a huge competitive advantage, especially as the technologies are only going to become more popular.

Many businesses have already started implementing these technologies into their customers’ regular shopping experiences, by enabling consumers to try products before they buy them, with augmented shopping experiences becoming increasingly popular. For example, Ikea customers can now access an AR app and see a 3D illustration of furniture in their home spaces before making a purchase.

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3- Chatbots

In third place on our 5 digital marketing trends for 2021 list is Chatbots.

The growth of online and e-commerce purchases, coupled with a chatbot’s ability to interact with customers and mimic real-life interactions, made it a very attractive go-to solution for businesses.

• But how could you fit chatbots into your marketing strategy?!

Chatbots are a unique opportunity for marketing, whereby you can use them as a source of direct interaction for information and data collection, as well as to drive customer engagement and website traffic.

Customers usually use chatbots to get a quick answer to a question, resolve a complaint or a problem, get a more detailed answer to a query, or find a human customer service agent.

Here are a few reasons why you should follow this digital marketing trend in 2021 and include it in your marketing strategy:

- Chatbots can save time and money by automating conversations that would otherwise require an employee to answer, while also avoiding the fatigue caused by answering the same questions again and again.

- They can make your brand proactive by automatically sending a welcome notification when a person arrives on your website or social media profile making the user aware of your chatbot's presence.

- Chatbots can move your customers seamlessly through the sales funnel, generate leads, and increase revenue by using direct messages to gather information necessary to provide effective support and guide users through their buyer’s journey.

- They can also guide users to better results and outcomes by asking them a series of qualifying questions and then routing them to the best place for them to find the information they want. Think about it as an automated and interactive navigation tool.

- They can help businesses by providing customers with personalized experiences and “After Hours” support.

- They can provide your social media marketing team with insights into why people are reaching out to you while enabling you to analyze customer feedback and data.

- Last but not least, larger engagement capacity by enabling you to interact with your customers in a unique way.

With most social media channels providing chatbot features, including chatbots into your business’s marketing strategy has become easier than ever.

digital-marketing-trends-2021-chatbots

4. Position Zero

SEO efforts aiming for Position Zero is one of the most dominant digital marketing trends for 2021.

Position Zero is the information Google offers at the very top of the search results. It is also called the “Google’s Featured Snippet”, which is enhanced to draw user attention on the results page. It can come in different forms, paragraph, list, or table.
Position Zero has been shown to improve stats dramatically, including visits, click-through-rates (CTRs), and conversions.

When it comes to SEO, zero is the new number one. It helps you boost traffic and sales, as well as establish brand expertise by providing the definitive answer to a question.
Well, surely you think this sounds great, but how can I rank for Position Zero?!
Here are some best practices that would help you achieve Position Zero results:

• Identify the Right Position Zero Opportunities:

- When it comes to featured snippets, not every search result has a featured snippet, and not all markets are created equal.

- But, if you are in a market where there is a need for clear answers to frequently asked questions, your industry uses terms that need an explanation, and/or you have data that can be presented in tabular format, then featured snippets are likely a great opportunity for you.

Find Great Keyword Phrases and Candidates for Featured Snippets:

- Start with keywords you already rank well for. Most featured snippets come from high ranking results (good content always wins).

- Higher-volume terms get snippets more often, and longer queries that are comprised of six or more words tend to show featured snippets.

- Since the purpose of featured snippets is to answer questions, explicit questions like “who,” “what,” “how,” “where” and “why” search queries will obviously often have featured snippets.

- Particularly if you search on general questions, you can find additional keywords that result in featured snippets in the “People also ask” section in the SERPs.

• Write In-Depth Content:

- When it comes to winning at SEO, quality content that helps users is the only way to go.

- This includes writing a long content with at least 2,000 words, picking an evergreen topic, exploring multiple angles of the topic, explaining the subject thoroughly, and aim for one of the common forms of featured snippets (paragraph, list, or table) and directly answer the question in your chosen keyword phrase.

On-Site and Off-Site SEO:

- On-site optimization means making sure your page is optimized for search engines. This includes using your focused keywords in page titles & Meta descriptions, properly using H1-H5 tags so that search engines can understand it, include alt tags on images, and link to other helpful content (internal-links).

- On the other hand, off-site SEO comes down to link building and social media by encouraging others to link to your content. You can do this by offering helpful content at the right moment.

You can check out how I can help you reach the right audience at the right time with Search Engine Marketing (SEM) on Google Ads here.

digital-marketing-trends-2021-position-zero

5. Customer Segmentation

The fifth and last trend on our digital marketing trends for 2021 list is Customer Segmentation.

It’s no secret that some customers are more profitable than others. But for them to be profitable over the long run, businesses must understand how profitability correlates with customer segmentation.

Customer Segmentation is breaking your customer base by grouping the target audience by certain traits or behaviors (ex: demographics or shopping habits).
It is one of the core pillars of inbound marketing, which enables you to tailor your content to suit the preferences of each segment of your audience more accurately. This will increase engagement with your targeted audiences and the success of your marketing campaigns.

Keep in mind that the list of customers in each segment would look completely different, depending on the type of business model and data at your disposal. Recognizing these differences will allow you to tailor your approach to the needs of each customer segment and effectively serve them.

When it comes to customer segmentation strategies, there are many strategies that your business can follow depending on what you are looking to achieve. For example, an IT company selling software to businesses will have a different goal than a start-up business selling goods directly to consumers. Their customer segment requirements, needs, and buyer’s journey will look nothing alike.

• A few customer segmentation types include:

- Basing your segmentation on demographics (age, location, gender, income level, etc…).

- Leveraging psychographic data to segment your customers by their opinions, behaviors, and attitudes. This would work best for social media advertising.

- Segment your customers by how they engage and interact with your website and marketing material in order to increase conversion rates.

- Segment your customers by their shopping habits and how often they buy from you. Customers who repeatedly buy from you could fall into the loyal customer segment and receive discounts on purchases.

- Segment your customers based on their intent on your website. For example, webinar sign-ups and attendees are more likely to convert into customers.

digital-marketing-trends-2021-segmentation

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