Posts Tagged ‘customer relationship’
Customer Relationship Management: Weathering the Economic Storm
Thursday, March 25th, 2010
Use CRM to Weather the Economic Storm
How can you keep the customers you have? You can and must deliver the best products available. You must deliver the best and most complete services and solutions available, but how can you do that? Start with Customer Service Software that helps you build relationships in ways that are convenient for your customers. For those under age 40 that would be using internet and e-mail solutions including web-based knowledge bases and internet chats and forums. For those over 40 it includes telephone calls with knowledgeable agents who have answers at their fingertips. A keyworded, searchable knowledge base will benefit both your customers and your help desk agents. The use of multiple channels to deliver information and help will appeal to a broad customer base.
How can you gain the confidence of prospective customers? First, you have to find prospective customers. This is the job of lead generation software. Then you have to keep them interested and you have to prove that you are trustworthy and understand their problems. One of the oldest tricks is through reliable information delivered piece by piece over a period of time. This is the function of a good e-mail strategy that is built into CRM software. By building a relationship with each prospect and delivering useful information related to their issues and problems, you will be assured of a long-lasting and mutually beneficial relationship.
A great and ongoing relationship with a customer will yield benefits in further sales and in recommendations for years to come. This type of relationship weathers economic storms.
Put “Relationship” Back Into CRM Solutions
Tuesday, March 9th, 2010Put “Relationship” Back Into CRM Solutions
Organizations should use their CRM software to recognize and honor consumer preferences. 77% of consumers say that companies should let them decide how they want to be contacted, yet only 33% of companies even capture their customers’ preferred method of message delivery according to Forrester Research (2009).
And only 14% of 4,700 consumers say that the ads they receive are relevant to them. Most consumers prefer a dialogue rather than a monologue.
The consumer wants to feel “listened to” and in control rather than being told what to think, feel, or do. These things would result in benefits for the company and benefits for the consumers.
What is needed as part of the CRM Solution:
- Automated solution
- Capture preferences including opt-ins and opt-outs
- Simple, easy-to-read results
- Real-time updates
- Campaign tracking and reporting
Let your customers tell you what they want to hear about and how they want to hear it. Information such as opt-ins and opt-outs needs to be captured in real-time and accessed automatically in real-time.
Benefits:
- Visibility into customer contact status
- Increase sales productivity
- Greater management visibility
- Significant cost savings
- More effective marketing campaigns
- Improved customer satisfaction and loyalty
- Increased lifetime value of customers
Transform customer communications into profitable relationships. Achieve a one-on-one relationship with your customers.
When you have greater visibility into your sales activities with your customers and you have real-time access to the contact preferences of your customers and prospects, key metrics can be used to determine your pipeline of future growth.
Contacting a customer or prospect by his preferred method eliminates risk and maintains a positive, productive relationship. This results in creating value for customers which increases sales and customer satisfaction and loyalty. Productivity is then increased resulting in an overall increase in lifetime value of the customers.