Many retail businesses assume that implementing voice AI technology is expensive and out of reach for their budget. However, this assumption is not entirely accurate. Contrary to popular belief, businesses do not have to spend a fortune to see results from voice AI technology.
The cost of implementing voice AI can vary depending on the specific needs and goals of a business, but there are many affordable and scalable options available. In this blog, we will explore how implementing retail voice AI can be a cost-effective solution for retail businesses, regardless of their size or budget.
Because the retail industry is highly competitive, businesses need to be innovative and cost-effective to stay ahead of the curve. AI-enabled voice engagement offers numerous benefits, including improved ROI from increased customer retention and sales, as well as cost savings and optimization from allowing AI voice services to handle labor-intensive tasks.
Retailers can purchase a voice AI phone ordering service from SoundHound from $249/month for a basic plan to $499 for premium. Many restaurants, for example, in addition to the benefits of faster service and more time for staff to focus on serving customers in front of them, are finding that they are capturing up to 30% of previously missed calls with SoundHound for Restaurants. This results in thousands of dollars of additional revenue.
Here are a few of the other benefits that restaurants and retailers are experiencing:
In conclusion, implementing voice AI services in your retail businesses can be highly cost-effective. With increased customer retention and sales, cost savings and optimization, and incredible ROI, it is clear that voice AI can offer significant benefits to your businesses. To stay competitive in the industry, retail businesses should consider investing in voice AI technology to improve their operations, customer experiences, and bottom line.
At SoundHound, we have all the tools and expertise needed to create custom voice assistants and a consistent brand voice. Explore SoundHound’s independent voice AI platform at SoundHound.com or speak with an expert or request a demo below.