What is CRM?
CRM stands for Customer Relationship Management.
Customer or Client |
A person you have dealings with on a professional basis. A customer can be someone you sell to, or could equally be someone you buy from.
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Relationship |
A relationship is defined as how you interact with someone, your view of them, their view of you and how this affects the way you deal with each other.
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Management |
Being in control of your customer relationships, defining them, steering them in the direction you decide.
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Will managing my customer relationships improve my profitability?
This is always one of the first questions. Will CRM make me more profitable. The answer is a resounding YES. How? Here a just of few of the ways in which CRM will make you more profitable.
Repeat Business |
It is very much cheaper to achieve repeat business compared with achieving new business. By improving your relationship with customers, CRM will help you achieve many more repeat sales.
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Targeted Marketing |
The scatter-gun marketing approach is costly and inefficient. Targeted marketing is cheaper and can achieve far greater results. CRM helps you gather and interrogate information in a way that has only been available to large organisations until now.
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Improved Reputation |
By managing you customer relationships and looking after you customers, you will achieve a marked improvement in reputation. This in turn can lead to referrals and new business.
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Save Time |
CRM will save you time in many ways. Having all required information to hand at any time keeps you informed and organised. Contacting customers either individually or as a group becomes very quick and easy. Retrieve important information when away from the office, even when it is closed. Find out what you want to know quickly and efficiently.
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