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Customer Relationship Management: 4 Things You Should Know About It

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Customer Relationship Management (CRM) is a process that businesses use to manage and nurture customer relationships. The goal of CRM is to increase customer loyalty, create repeat customers, and drive sales growth.

There are many things you should know about CRM if you’re considering implementing it in your business. Here are four important things to keep in mind:

CRM involves tracking customer data

One of the key aspects of CRM is tracking customer data. This includes information such as contact details, purchase history, interactions with your company, and more. By tracking this data, you can get a better understanding of your customers’ needs and preferences.

Usually, the CRM integrates with Outlook, Gmail, or other email providers for this data. 

This allows you to provide them with targeted offers and recommendations that are likely to be of interest to them.

Keep in mind that CRMs vary greatly between companies so if someone says they use a certain one, don’t assume you’ll be able to easily learn how to use it yourself without any assistance from their company staff.

Now if they say the CRM software they use is Salesforce or Microsoft Dynamics, those two are relatively similar and very easy for anyone to pick up once they have been shown how to use them.

CRMs can be complex, but this is where knowledge of the software comes in handy. An innovative way of incorporating CRM into an organization is by harmonizing automation and genuine social interactions and communication.

While they can work independently of each other, they produce the best results for your business when combined.

Use a tailor-fit CRM to help you improve customer service

Good customer service is essential for retaining customers and building strong relationships with them. CRM software can help you to improve your customer service by providing you with tools and resources that make it easier to track customer interactions and respond to queries quickly and effectively.

As mentioned earlier, excellent customer service is a combination of technology and nurturing positive customer emotions.

Although there are many CRMs out there, they can all generally be put into two categories: on-premise or cloud-based.

On-premise software is downloaded onto a computer that resides within the business while cloud-based software is hosted by an outside company over the internet so access is available from any computer with an internet connection. 

On top of these two basic types of CRM software, some have additional features but for most small businesses, Salesforce or Dynamics will provide everything needed to handle their customers effectively.

When deciding between which type you want, consider whether or not your employees will be working from multiple locations.

If you telecommute, work from home, or have employees at various job sites throughout the day, Salesforce is a great bet because it can be accessed anywhere over the web. 

Dynamics must be installed on each computer that needs access or else there are steep monthly licensing fees for using cloud-based Dynamics CRM through Microsoft Azure.

CRM is customizable

This may seem obvious as well but many businesses try to manually keep track of everything instead of using a CRM system properly. Unless your company’s size is small enough that you don’t need a CRM at all, stop trying to use spreadsheets or manual methods to manage your customers!

Not only will these old methods cost you more time and money in the long run, but they won’t provide the benefits offered by a proper CRM software… plus there’s no telling what might happen if you lose those spreadsheets.

CRM software is customizable, meaning that it can be adapted to suit the needs of your business. You can build custom fields into your CRM database, segment customers based on their activity, and create personalized workflows for managing customer interactions.

If you want your CRM system to be tailored to your specific business processes, this is important.

CRM can automate marketing tasks

Marketing is an important part of driving sales growth, and CRM can help to automate some of the tasks involved in marketing.

This includes things like sending out email newsletters, creating targeted ads, and tracking the performance of your marketing campaigns.

This can help you to save time and optimize your marketing efforts. Note, however, that many businesses fail to realize that simply having a system in place won’t do anything if they don’t actually use it.

One of the first steps to taking advantage of your CRM to boost your marketing campaign is setting up lead scoring and tracking activities so you know exactly who has seen what and when.

This way you can prioritize which leads to follow up with first and make sure everyone is working from the same information.

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There are many benefits associated with Customer Relationship Management (CRM), including increased customer loyalty, improved marketing performance, automated marketing tasks, and optimized workflow processes.

If you’re thinking about implementing CRM in your business keep these four things in mind.

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