Start A Chatbot Advertising Business - Business Ideas

Updated: September 16th, 2022
Start A Chatbot Advertising Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Chatbot advertising is a technique that employs computer programs to automate interactions with prospects. Customers can use chatbots on either a website or in a mobile app to generate sales. The advertising chatbot help marketers engage customers through personalized one-on-one interactions on platforms and apps where they already spend most of their time.

As chatbots become more efficient and relevant in offering brands a new channel to reach customers, starting a chatbot advertising business can be a lucrative opportunity.

Starting a chatbot advertising business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell chatbot advertising service, or selling chatbot advertising service online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$399B
starting costs
$16.8K
gross margin
83%
time to build
360 days
growth
Organic social media
business model
Subscriptions
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

App Creation Costs

$1,099

$20,099

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$2,500

Website Costs

$13

$215

Training & Education Expenses

$0

$850

Total Startup Costs

$1,274

$33,558

Successful Businesses

Business URL Rank

Ingramer – Marketing toolkit for Instagram

ingramer.com

2,502

WhatsApp Business API & Team Inbox

wati.io

7,384

Qualified.com

qualified.com

20,957

Disforge

disforge.com

40,641

Yellow Messenger

yellowmessenger.com

48,843

Text Marketing

slicktext.com

56,171

Wigzo

wigzo.com

66,106

BotMyWork

botmywork.com

71,051

Chatbots and live chat for customer service automation

activechat.ai

72,897

Ada

ada.cx

73,741

Tars

hellotars.com

92,532

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Rewarding work

Starting a chatbot advertising business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A chatbot advertising business gives people a reason to visit your website and to keep coming back to you!

No overhead costs

To get your chatbot advertising business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Cons Description

Crowded Space

Competition is high when it comes to your chatbot advertising business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Longer Sales Process

A chatbot advertising business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Isolation

Often times, as a chatbot advertising business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a chatbot advertising business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.