WhatsApp, if you didn’t already know it, has a massive user base. Chances are that you’re part of it.
More than a billion people around the world fire up the messaging app every day, with a growing number of people using the service to converse with businesses.
The Facebook-owned startup has decided to lend the smaller outfits a hand, launching a new app called, would you believe, WhatsApp Business. Its main goal is to improve the app’s ease of use for companies dealing with a large number of WhatsApp messages on a daily basis.
Specifically, WhatsApp said the app is aimed at making it easier for businesses to respond to customers, and separate customer and personal messages. Overall, it should help them to create a more official presence on the platform.
WhatsApp edges toward monetization
Perhaps the only surprise about WhatsApp launching the new business-oriented app is that it’s taken it this long to do so. The move will be seen by many as a notable step toward the company monetizing its service, something that Facebook CEO Mark Zuckerberg has been hinting at doing pretty much ever since he bought the startup for $19 billion in 2014, five years after it launched.
WhatsApp CEO Jan Koum and Zuckerberg have been happy to play the long game when it comes to making money out of the messaging app, which has always been cautious about introducing revenue-generating schemes such as ads.
Instead it’s been trying over the years to get regular users comfortable with interactions with businesses, with a possible view to charging brands for the valuable contact opportunity.
As far back as 2015, Zuckerberg insisted the slow approach could prove lucrative in the long run, telling investors: “The long-term bet is that by enabling people to have good organic interactions with businesses, that will end up being a massive multiplier on the value of the monetization down the road.”