With new apps and smart speakers being released with even more smart assistants almost every quarter, and with the continuous expansion of ecommerce goliaths, conversational commerce is going to be the next big hurdle for manufacturers and non-market-leading brands.
In this blog, we will take a deeper look into the conversational elements of voice assistants and smart speakers that are quickly making their way into every home.
Big brands are going to increase their advantage in the conversational commerce corner simply because they are market leaders. So, how can you make it to the top as a non-market-leading brand and/or product?
Taking Amazon as the leading example, there are a couple of key elements that you need to arrange, such as having your product prime-authorized, putting up a choice badge (which will help for sure), increasing shipping speed and some other important elements.
Secondly, you need to get the attention of the potential customer, which is not going to be easy as they might not even see your product when searching online. But once they found your product, your product might get ordered over and over again, which will prompt the commerce hubs to push your product harder to your network.
But the question “how do you get that ball rolling?” remains.
They are several ways of doing this, for sure hyperpersonalization will be a big part of this as the fight for the customer will continue. The commerce hubs will have several ways of promoting their own products and your products, mainly through trustworthy channels like email marketing and their own online platforms, next to conversational channels like chat and voice. If you are able to feed those platforms via deep integrations with your product information systems you are enabling them to more easily and oftenly push your product. This also depends on the maturity of the commerce channels used, but for the sake of this blogpost, let’s leave that to a blogpost for another time.
The challenge of hyperpersonalization with customer experience and deep product information is that it can only be as successful as the information available. And getting this deep level of information disclosed to the goliath platforms isn’t always an easy thing – but with connectors, APIs and microservices rapidly evolving, this becomes easier every year.
As a colleague of mine often says, “Amazon and product information can be fascinating!” He showed me this example where if you go to Amazon and you search for “Chocolate”, you get like >50.000 results. But if you then search for “Chocolate that does not contain alcohol” it drops to just shy of 800 (Now if that would be true a lot of evenings would be even more fun and let’s not go into the mornings;).
The difference can simply be found in complete product information (and inheritance rules and smart product experience platforms will go a long way here).
With each touchpoint, the commerce goliath will learn more about the customer and this will be connected to the customer’s profile so that future offers, both non-conversational as well as conversational can be personalized to the person’s profile going forward. Where whoever has their ducks and data in a row the best will get on top of the ever evolving and future challenging channel called “commerce”.
Increasing your revenue with the same product in a different setting. Easy as pie!
7 January 2019
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