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When creating a chatbot in Watson Conversation, we first create intents, then entities, and

finally we design the dialog.

Let's start exploring the concept of intents.

An intent is the goal or purpose of the user's input.

Watson Conversation expects us to add examples for each intent that our chatbot needs to

address.

These examples are then used by Watson to figure out different ways in which people

might express the same intent.

In other words, you can think of intents as labels for a group of examples that express

a common goal or purpose.

For example, we might define an intent called #greetings.

Examples for this intent might be "hello", "hi", and "hey", "good morning"

and "good evening".

It is recommended that we specify at least five examples for each intent that we define.

The more examples you provide, the better Watson will be at understanding the specific

intent.

The good news is that you're not stuck with the initial examples that you picked, you

can always go back and add, edit, or delete examples for a given intent.

In fact, over time, it's a good idea to add more examples that you have collected

from users as they interact with the chatbot, in order to further train Watson.

When the user specifies "hola", "aloha", or even "yo", Watson will recognize the

user's greetings intent for us, and as you can see in the Try it out panel on the right,

even though we didn't specify those three words in the examples, Watson will correctly

detect what the intent is, in our case, #greetings.

Watson trained on our examples, and was able to correctly recognize similar utterances

on its own.

By creating this #greetings intent, we are telling Watson that common greetings in the

user input should be detected and labelled as this specific intent.

Later on, when designing the dialog, we'll be able to customize how our chatbot responds

to various questions on the basis of their matching intents.

For example, we would most likely have the chatbot greet the user back when the #greetings

intent is triggered.

Will Watson detect a hundred percent of all possible greetings?

Probably not, but it will correctly detect most of them.

As we will see later on, we'll have a contingency plan in place for when this occurs or when

the user asks perhaps an irrelevant question and Watson can't match it with any intent

we have created.

The Try it out panel on the right, by the way, is a tool provided by Watson Conversation

to test out our bot, as we build it.

So it's for bot designers and it won't be displayed to your chatbot end users.

As you can see towards the bottom of the panel, if we provide an input and unrelated question

or sentence, like asking about the weather, no matching intent will be recognized by Watson

and we can optionally provide an intent that this new expression should be matched with.

If we do that, Watson will add that question as an example for that particular intent.

We are basically using the Try it out panel as a way to further train Watson.

You probably noticed by now, but it's worth mentioning that intents are automatically

prefixed with the pound symbol.

Intents are not hashtags.

Part of the reason why intents use the pound symbol prefix is that it removes ambiguity

when referring to them in responses, as well as distinguishing them from other components,

which might have the same name but are not intents.

For example, entities and context variables, which we will cover later on in the course.

Intents cannot have spaces, so you should use an underscore when defining intents with

multiple words.

The examples you provide Watson for a given intent, however, can have spaces, since these

are just sentences and questions the user might input.

You might recall the "good morning" and "good evening" examples we used in the

#greetings intent.

A chatbot will typically have multiple intents.

The intents that we create define the scope of the chatbot, as they shape what it's

able to handle.

When thinking about the flower shop chatbot, what are some of the intents that come to

mind?

Maybe it's just me, but whenever I order flowers online, my questions tend to be around

delivery, so let's start with that.

Let's say that we want to create a #delivery_info intent.

What kind of examples can we provide to Watson for this intent?

We want to train Watson with representative questions.

Questions that our users would likely type in, as they interact with our chatbot.

In fact, if you have access to actual questions that were asked by users, even better.

Some examples could be: ● Do you deliver?

● Do you deliver on weekends?

● When will I receive my flowers?

● Will I be able to get my flowers on Sunday?

● Do you deliver during the holidays?

And so on.

Notice that the occasional misspellings in the examples don't hurt, because our users

won't always type perfect sentences either.

We want to train Watson with the most realistic questions as possible, occasional misspellings

included.

Likewise, although not ideal, the user might be tempted to interact with the bot using

common-like utterances rather than full sentences.

So, we could add: ● Delivery information

to the examples, as well.

Another intent that comes to mind is people asking for advice on the right flowers for

a given occasion.

We might call this intent #flower_suggestions.

An obvious example we can add to the intent is "flower suggestions" itself, with spaces.

But what else can we add to train Watson on people's requests for flower suggestions?

I think that people might type in: ● Flower recommendations

● Recommended flowers for special occasions ● Which flowers should I buy?

And of course some might be more specific, including the special occasion or recipient

in their question, for example: ● Flowers for anniversary

● What flowers should I buy for my mom?

● Which flowers for a birthday?

● Bouquet for girlfriend ● Which flowers for a funeral?

● I'd like to buy flowers for a sick friend ● I want flowers that express sympathy

● What are the best flowers for Valentine's Day?

So, as you can see, people have very different ways to express the same intent of wanting

a suggestion for flowers.

And in this particular case, they're also telling us a specific occasion or specific

reason why they have the intent.

Some people might enter longer requests that express the same intent.

So, we might want to throw in a couple of examples of that as well, for example:

● What would be a good arrangement to give someone when they are retiring?

Or, ● What types of flowers make a good choice

as an anniversary gift for your parents?

This will train Watson to recognize when people are asking for flower recommendations.

Note that when defining this intent, we're are not overly concerned with the exact special

occasion, so we don't need a complete list of all the holidays and moments in life that

call for flowers gifting.

We just needed to train Watson on what flower suggestion questions tend to look like.

Nevertheless, when we build the dialog later in the course, we'll have to provide responses

that provide meaningful suggestions depending on the special occasion.

Yes, all these questions indicate that the intent is getting #flower_suggestions.

However, we need a way to handle the different types of special occasions.

We don't want to recommend the same flowers for funerals and Valentine's Day.

So, we need a way, in our chatbot, to distinguish the input further so that we can respond differently

to the same intent, depending on the occasion provided.

Entities solve this problem for us.

In the next video, we will formally introduce entities and take a closer look at how to

use them.

For more infomation >> Chatbot Course - Intents [Build Your Own Chatbot] - Duration: 8:10.

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How To Build a Team Out of State for Real Estate Investing - Duration: 6:43.

Kris Krohn here with Limitless TV. Today we're talking about investing in real

estate and I've been getting a lot of great questions from you and I want to

answer them today. One of them predominantly on the idea of, alright I

want to do your system, I want to build this wealth and yet if my market isn't

working for me in my backyard, how do I build a success team miles away and have

the same kind of success that you're suggesting?

My brother, Matt, thank you so much for submitting the video. It's a fantastic

question and good on you for reading the book and watching these videos and

learning and growing. Super proud of you and you're probably German because

Schmitz? That sounds like a really awesome German

name, Krohn, one German to another, we got to have we got a pitch in and help each

other out, right? So I'm gonna do that for you right now. Today's video is dedicated

directly to you. These are the questions that you asked: "I was the follow your

system that you laid out in your book which I have right here. I'm about

halfway through reading it and maybe I haven't found the answer yet. It's in

here somewhere but how do I figure out the best way to figure out the best city

to start investing in?" - Super smart question you're learning that your

backyard doesn't have to be the default. So first of all, you should look in your

backyard to see, is this a growing city? Is this a thriving city? What's the

median income here? Ultimately, I'm looking for an area where I can be the

nice homes that are not slumlords that aren't the brand-new expensive stuff

right there in the middle, single-family, three to five bedroom homes and I'm

looking for home, I'm hoping that your area has a median income higher than the

national average, especially in those areas, it'll mean nicer tenants, lower

vacancies, more cash flow, you're going to be better off. But your backyard may not

be the best place to invest. Some people live in San Francisco and New York and

places where super unrealistic because the median is well over two hundred

thousand dollars.That is why, what I do, Matt, is I go invest in the nation's

hottest markets so if you're ready to start doing the system, the first thing

I'm going to say is, you've got to build a team where you want to invest and I've

got some videos that teach how to do that but I've already done it and so you

actually might be able to just step right onto my team and have my team do

the work with you and that would be an awesome shortcut directly of what you

could do and that would be pretty awesome. My team will take you to markets

like Florida, North Carolina, Memphis, and Indianapolis and if you're just starting

off the gate and focusing on growth, I'm going to emphasize North Carolina and

Florida, is two really excellent markets for you to play in right now. - "How do I

form a team hundreds of miles away? People that I've never met before, I have no idea

about and I have no idea about the area where I started without contact." - Building

a team from a distance is, it's a lot of hard work, honestly, when you're just

starting off the gate. It's a lot more realistic to build a team in your back

yard. If you know your back yard is not gonna work, that's where I've made my

open invitation that says, "just use my team" 200 experts lined up in the hottest

markets and I've paid my dues and paid my time and I paid my money and now

they're there and they're available and they have an access of deals. So my

recommendation is just have my team do it for you. What are they going to charge

to make that possible? As little as nothing and then just charge you a

transaction fee for playing the parts of lining up the financing and the funding

and the housing and the repairs and putting the tenants in and doing all

those pieces, you're gonna pay, you know, your normal realtor and loan fees, etc.

across the board that you have to pay anyway, but they're usually reduced with

my team because they're all in-house and they're all with one singular team.

That's what I do, makes things super easy for me. If you're

just getting started, you need to be out of state, just use my team, it's a lot

easier than me spending hundreds of hours training and teaching you how to

do that. So let me share with you how I built my team. Before I went national,

I was just building locally in my area and I bought a lot of my real estate and

I noticed that I couldn't get a singular realtor to find me a good deal

consistently. So I went through hundreds of them, using some of the techniques I

show on some of the other videos here, and finally I found one by the name of

Steve Earl, that could consistently produce really good properties every

single time, he became a part of my team. Then I need a lending team and so what I

did is, I found a loan officer that was fair, gave me group volume rates, had

really good ratings with a bunch of different banks who was super

experienced and investment and that became a part of my team. I created my

own property management person, I gave them all my homes and they became a part

of my team and that's the real basic crux of a good team as a solid realtor

in the area, a solid loan officer, and a solid property manager. There are other

members that you can add but those are the three elemental pieces that are

really important. After I started doing a lot of local real estate and had

a lot of money coming in, it was easy to justify expanding into a nationwide team

and learning how to network with people out of state, my team today just, I let

people just use my team and instead of needing to pay really big fees upfront,

you can step right in if you've got the money and credit ready to go or you've

lined up a partner with credit and money ready to go, you can step right into my

team, pay your typical transaction fees and that's what the shortcut would look like.

"What's the length of time you give a tenant the option to buy a house or

what happens if they don't buy or the option expires?"

You know, kind of like I explained

in my book, I usually like to do lease options on a 24-month basis and

I would give people a one-year option to renew, if they've kept their nose clean,

if they've made their payments on time. I love working with people that are

dependable and reliable on making their payments and do what they say they're

going to do and obviously you're gonna encounter a lot of people that don't do

that and those are the people that I don't want to give long terms to. In fact,

all of my contracts say that every 12 months

I can choose out if they've had any late payments so it's up to my discretion to

choose back in if I felt like, oh they went through something reasonable, they

lost a job, they were a little late but then they caught up and they made good

on it, I feel good about renewing this contract and I want that power to stay

in my hands. Keep on asking questions! You now have the ability to click the link

below and submit videos of the questions that you have and we look forward to

giving you those answers. Subscribe and click the bell and that way, YouTube will

notify you when we upload our next video.

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