The customer relationship is one of the most important relationships a business will have. As companies grow, expanding their customer base, their sales and marketing activities can become vastly more complicated. Companies that have more than ten customers and two employees probably need some way to manage those customer relationships in a way that benefits the business and the customer. Business has come to know this as Customer Relationship Management (CRM).
Customer Relationship Management is just that, a way to manage your relationships with your customers. CRM is useful because it becomes impossible to remember all the data and details associated with their customers. Knowing customer details can truly mean the difference between business success and failure.
[Editor’s Note: For more information, please read “Becoming Customer Centric“.]
Having names, addresses, phone numbers, billing & shipping info, etc. are just the basics required for your sales and marketing activities to win in any competitive environment. To efficiently scale and grow, many businesses need to go even further.
Why? Because no matter the size of your business – people inherently want to do business with people they like. Any personalization that comes along with your business relationships increases the chances the customer will view the relationship positively. Positive relationships can lead to repeat customers. Businesses need and rely on customer data to help personalize and develop stronger bonds with clients.
Think about visiting your local neighborhood restaurant only to have the owner greet you by name. That feeling of belonging simply gets better to have that restaurant remember your birthday, your favorite drink, or to ask how you enjoyed your vacation. You would come to love that restaurant, you would want to go back again and again and to recommend it to your friends. Those same feelings can hold true in any customer-facing business – even if you are an insurance broker, attorney or consultant.
[Editor’s Note: For more information on targeting sales and marketing efforts to your business’ needs, please see “Targets Sales and Marketing Should Drive Your Company’s Growth“.]
I’ve had small and medium-size clients use everything from Microsoft Excel to expensive CRM software like Salesforce. What system, software or procedure you decide to use will be based on several factors for your business – type, size and customer requirements, etc. Here are 3 things that will ring true no matter the solution you choose:
[Editor’s note: You may also be interested in “Overcoming the Biggest Consumer Sales and Marketing Challenges”.]
Many people use Excel when they first start out. It’s free and that’s great if you are a whiz at Excel. Sadly, most people are not. Look at what others in yours or related industries are using. These should be the starting point for your list.
If you want to see how important CRM is to business just Google CRM statistics 2018. I warn you you’ll see lots of stats from CRM companies themselves. They are all basically saying the same thing, using a CRM correctly gives your business the best opportunities for growth.
It is up to you to build the relationship with your clients. CRM helps you manage that relationship and to leverage that relationship into growth.
Scott Steer is a Marketing Strategy, Branding, Advertising, Promotion & Business Development Consultant with 25+ years working on iconic brands like Coca-Cola, Kraft, Anheuser-Busch, Gillette, and Texaco, as well as dozens of smaller niche brands. Scott helps small and medium sized companies use data and the resources available to them to optimize their sales and…
Overcoming the Biggest Consumer Sales and Marketing Challenges
Developing a Branding Strategy for Your Startup or Small Business
Increase Sales and Profits by Becoming Customer Centric
Targeted Sales and Marketing Activities Should Drive Your Company’s Business Growth
The Strategic Value of Accelerators: How They Can Benefit the Business at any Stage
Banker, Broker or Sell it Yourself: Choosing the Right Method When Selling Business
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