Conversation Chatbots Creation Business

Conversation Chatbots Creation Business Success Stories [2024]

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Updated: July 23rd, 2024

Have you ever wished to bridge the gap between businesses and their customers seamlessly? Consider starting a conversation chatbots creation business. This venture revolves around developing AI-driven chatbots that interact with users in real-time, providing customer support, information, and services.

Creating chatbots involves understanding client requirements, programming, continuous testing, and refinement. The demand for efficient customer service solutions is ever-growing, making this a lucrative field for innovation and growth.

By entering this market, you position yourself at the forefront of technological advancements and customer engagement. It’s not just about building a bot; it’s about enhancing user experience and operational efficiency for businesses. If you're intrigued by AI technology and passionate about optimizing communication, this could be the ideal business idea to pursue.

In this list, you'll find real-world conversation chatbots creation business success stories and very profitable examples of starting a conversation chatbots creation business that makes money.

1. NHANCE NOW ($300K/year)

Nishith Patnaik, the founder of NHANCE NOW, came up with the idea for his business during the Covid-19 pandemic. After losing 95% of his customers and 99% of his revenue, Nishith and his team pivoted their product into a Conversational Automation Platform, helping businesses shift to messaging apps. In just 10 months, their monthly revenues grew from $0 to $25,000.

How much money it makes: $300K/year
How much did it cost to start: $750K
How many people on the team: 21

We Lost 99% Of Our Customers. Then We Pivoted & Hit $300K ARR In 12 Months

NHANCE NOW, a Conversational Automation Platform, pivoted during the Covid pandemic and transitioned from an aspirational product to a messaging-based digital contact center, helping D2C ventures and insurance companies shift towards a digital-first mode, resulting in monthly revenues growing from $0 MRR in July 2020 to $25,000 MRR in mid-2021.

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