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But, you’ll have to pay

Meta is looking to capitalize on the 200 million users now catered to by WhatsApp Business, which previously stood at 50 million in 2020.

With ‘click-to-WhatsApp’ ads now accounting for a healthy part of the platform’s revenue, the Meta-owned messaging platform is now looking to expand that to allow users to generate ads without needing a Facebook account.

As part of the revisions to WhatsApp Business, companies will also be able to create ads for Facebook and Instagram from within the app.

WhatsApp Business is getting better

The news comes as Meta continues to battle a tough and changing economy during its so-called ‘Year of Efficiency’ which has seen it lay off thousands of workers and cut funding to several projects.

While the company has stated that it remains committed to artificial intelligence and the metaverse, ensuring a diverse selection of revenue streams is vital for sustainability, and given the four-fold increase in WhatsApp Business users, trying to eke out more money from SMBs and larger enterprises is a no-brainer.

The company has not confirmed how much the changes to its messaging app will cost, but we do know that the services will be chargeable thanks to a Reuters report.

Personalized messaging is also set to come to the platform, with the messaging app soon to be able to generate messages to customers to notify them of upcoming appointments, or for ecommerce businesses to advertise new products and sales, for example.

These changes represent an entire shift for the company as CEO Mark Zuckerberg looks to make more money from Meta’s messaging platforms, including WhatsApp and Messenger.

The company has not announced details on pricing as yet, but testing for the new features is expected to follow imminently before a full release, likely later this year.

Feature Image credit: Pexels/Anton

With several years’ experience freelancing in tech and automotive circles, Craig’s specific interests lie in technology that is designed to better our lives, including AI and ML, productivity aids, and smart fitness. He is also passionate about cars and the decarbonisation of personal transportation. As an avid bargain-hunter, you can be sure that any deal Craig finds is top value!

Sourced from techrador.pro

By Jeremy Rodgers

Meta has revealed that WhatsApp Business, the arm of the social messaging app designed for use by businesses, has just surpassed 200M monthly active users (MAUs).

This signals a four fold growth in users since the service began shortly after the pandemic broke out back in 2020.

The good news comes amid the tech giant’s “year of efficiency” as it works its way through thousands of job cuts and a costly restructuring job to the tune of $5 billion to navigate away from its largely failed foray into the metaverse.

But what’s next for the world’s most loved social messaging app? And what new features can businesses get excited about using to communicate with users?

New Features Roll out for WhatsApp Small Business Users

Earlier this month, WhatsApp rolled out its new channels feature enabling small businesses to send one-way announcement-style broadcast messages to groups in a similar fashion to how companies use other apps, such as Telegram, to post news and build communities.

Now, Meta has announced more features including click-to-WhatsApp ads that can be placed across Facebook and Instagram. This means sellers can now create and publish ads to Meta’s other two social apps directly from within WhatsApp Business.

This latest feature complements WhatsApp channels, enabling small businesses (which WhatsApp Business is primarily geared towards) to further integrate the social messaging app into their sales and marketing activities.

Other upcoming features include automated personalized messages and customer segmentation, for example sending new customers discount codes with “buy now” links.

Meta Focuses on WhatsApp Business for Revenue Generation

Ad sales, to the tune of $114 billion in 2022, have traditionally been the source of Meta’s revenue (over 97% of total revenue in ‘22). Primarily this has come from ads on its two flagship platforms, Facebook and Instagram. Generating revenue in this way is something Meta shares closely in common with the other tech giants.

But as Meta looks for new revenue streams, it’s steadied its gaze on revenue earned through paid messaging via WhatsApp Business. This shift commenced in February when the company announced a change to the pricing model and the messaging categories to include utility, authentication, marketing, and user-initiated conversations.

Following these changes, the latest raft of new features for businesses is set to expand on Meta’s plans for WhatsApp Business. Indeed, during Meta’s 2022 Q3 earnings call Zuckerberg mentioned that click-to-WhatsApp ads exceeded the annual revenue run rate of $1.5 billion, showing a year-on-year growth rate of 80%.

“I shared last quarter that click-to-message ads reached a $10 billion revenue run rate. And since then, the number of businesses using our other business messaging service—paid messaging on WhatsApp—has grown by 40% quarter-over-quarter.” — Mark Zuckerberg, CEO of Meta

This announcement was significant because Meta doesn’t usually declare WhatsApp revenue separately. But, in 2023 Q1, the company announced the business arm of the social messaging app had strong growth in messaging revenue, suggesting we’ll see more of this to come.

What’s Next for WhatsApp Business?

Zuckerberg has poured billions of dollars into attempting to develop a metaverse. As he tried to lay claim to the trending and nebulous web3 world, Meta has had to look for ways to offset the revenue gap. This included ramping up WhatsApp, which has been free for users since Meta purchased it back in 2014.

This comes hot off the heels of Meta’s recent challenges with the $80 billion write-off following its foray into the metaverse and the ensuing 21,000 staff laid off over the last six months.

In the wake of these challenges, it seems that Meta is working tirelessly to bounce back as it focuses development on the world’s favourite social messaging app and its breakthrough and continued introduction to the B2B sector.

Around the globe, WhatsApp has introduced business payments to the platform. In Brazil, customers can now pay merchants directly from the app with a similar payment function also rolled out in Singapore.

Looking ahead, Meta has revealed the first AI tools for WhatsApp, Facebook, and Instagram this month, such as ChatGPT-esque bot conversations, to incorporate the big tech firm’s proprietary AI tools into its products.

By Jeremy Rodgers

Sourced from tech.co

By John Boitnott

From customer engagement and brand awareness to commerce opportunities for products and services, there are many reasons to use WhatsApp Business in 2021.

Many started off focusing on personal relationships and connections centering around lifestyles. However, companies like , ,  and realized the value of inviting businesses and brands to participate in their social networks to connect them with consumers.

WhatsApp has joined in by offering , a free app for and startup founders that can be used on Android and iOS mobile devices. The app offers a way to interact and engage with customers in a direct, personal and targeted way.

Account options

WhatsApp Business provides two types of accounts for companies that suit different needs. The regular business account helps separate personal and work messages while providing a convenient way to be responsive to customers. Options also include automated greeting and away messages. The app does require a separate SIM or phone number if you want to have both a personal and WhatsApp Business account.

Growing companies might want to consider the WhatsApp Business API account designed for larger enterprises. This pay-to-use platform allows for multiple users, providing opportunities for both sales and customer service teams to interact with customers.

Here are some reasons why your business might benefit from adding WhatsApp Business to your social media strategy.

Messaging tools for engagement

One of the most important aspects of WhatsApp Business is its messaging capability, which connects a brand to its audience and customer base. With open messaging options, a company can send unlimited free messages in multiple formats. Automation features also provide a way to deliver timely responses.

The messaging system encourages proactive contact with your audience. If you have a customer or lead’s phone number, you can use WhatsApp Business to send an initial welcome message to each contact. While you won’t want to overdo it by sending too many messages, this channel becomes an alternative or additional channel to connect with your target audience or existing customers.

There is also a broadcast tool, which allows you to send any type of content to up to 256 people on each broadcast list you have created. Although contacts will only receive the broadcast if they have saved your number, this is an efficient way to send out a campaign quickly. You can also segment your contacts and then create broadcast campaigns related to appointments, shipping information and booking requests that match those groups or personas.

Group messaging is another engagement and collaboration tool. Similar to broadcasting, this tool offers group chat capability so that everyone can interact and see contact details. Available for up to 256 contacts in one group, the tool is effective for networking, beta testing, focus groups and service meetings.

Business presence and awareness

Multiple statistics point to the benefits of using WhatsApp Business. According to WhatsApp, there are 2 billion WhatsApp users around the world as of 2020. The number of users has been increasing at the extraordinary rate of half a billion every two years. Of this audience, Statista noted that 1.6 billion users access the messaging app each month (Statista, 2019), which is 23 percent more than its closest competitor, Facebook Messenger.

As part of the Facebook family of companies, you can use WhatsApp Business to further grow your online presence and reach an even wider audience. One appealing option is to link the app to a Facebook Page. Doing so can help you funnel traffic through various tools like a WhatsApp Send Message Button, Facebook Ads, or a WhatsApp number listed on your Facebook page.

A showcase for your products and services

WhatsApp Business provides ways to market and sell your products or services through features like the WhatsApp Business Catalog and WhatsApp Cart. The catalog feature provides a way to share product and service listings with customers. You can spotlight what you offer with photos, descriptions and pricing information. Links from your catalog or even each item within it can be shared across all your other channels.

Customers can also add items to their cart after viewing them in the catalog as well as use the messaging tools to confirm a transaction with your business. The app also works well for those companies that have physical storefronts. For example, you can physically display your WhatsApp Business QR code so customers can scan it in the store, easily adding you so they may interact with your business online.

Analytics to help understand your customers

There are some options that provide a way to track key metrics about customers. The WhatsApp Business API product delivers analytics on the number of messages sent and delivered from certain phone numbers. Other metrics include the number of messages that selected phone numbers received from recipients. You will also be able to stay on top of the total estimated amount spent on messages. The metrics are stored in the Insights tab, but the data can also be exported and segmented by phone number, message type and country.

Expanding channel connections

WhatsApp Business provides another channel to make connections with your target audience and engage with customers. Start by researching and understanding how to use it, and then assess if it makes sense for your business. If you are looking for new ways to interact with customers, work across offline and online channels, and access additional metrics about your customers, then WhatsApp Business might be a good addition to your marketing tactics.

By John Boitnott

Entrepreneur Leadership Network VIP. Journalist, Digital Media Consultant and Investor

Sourced from Entrepreneur Europe