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Informative Articles

Creating Value With Streaming Video Content
Having a corporate or promotional video for your company is often viewed as something of an expensive luxury – useful, but rarely considered to be an essential marketing tool. Whilst many businesses can understand the benefits of having a...
Customer Service - why some people just shouldn't own shops
I had a call last week from a friend of mine who is an advertising agent and copywriter. He gave me a referral to the owner of a franchised coffee shop who had called him seeking help with advertising and marketing. My friend said that he thought...
How To Maximise Your Customer Flow
The objective of all retailers is to ensure 100% of customers see 100% of product. Sounds straightforward yet in recent research in the United Kingdom they found that 75% of customers only saw a maximum of 20% of the product. Imagine how sales would...
How To Realistically Set Your Fees - Part 2
Effect of Expenses The last article examined how to calculate your realistic billable hours. If you remember, we arrived at approximately 1100 hours in a year. To earn our mythical $46,000 per year, you needed to bill at a rate of $42 per...
The Value of a Customer
You need to determine what the value of a customer is to your company. Answer the following questions: How much will the average customer spend with you per year? A = _____________ If you provide quality service and products, how many years can...
 
Managing Customer Contacts

You work extremely hard to attract customers for your business. Once you have them, managing your customer contacts can help you keep them from jumping to competitors.

Customers - The Key

Today's market is cutthroat. Retaining customers and finding new ones is a tough job. Every company should analyze the available data to recognize its profitable customers and their needs, and also to manage marketing campaigns and to expand effectiveness. In order to serve these ends, most smart business leaders are using customer relationship management (CRM) solutions.

Customer relationship management is a process for businesses to approach customer relations in a systematic and effectual way. A CRM system helps business to manage customer relations in a well planned and strategic manner. It keeps track of customers' information such as his or her contacts, communications, accounts, needs and performance. Success of a business firm is entirely dependent upon its relationships with its customers.

An effective CRM approach can lead to increased sales, customer satisfaction and retention - if it captures accurate data. Also, the data needs to be used in the right way by the right people. If a company official wants to implement a CRM system, then they must develop a CRM strategy, identify processes and set measurable objectives for the system. Many firms start their business services from sales force automation software. As their business grows they learn the value of CRM. CRM systems can be complex or simple. A simple CRM system makes use of contact management software to track its customer data. A complex CRM requires integrating information, people, policies and company efforts to attract and hold customers.

CRM should include finding out customers' purchasing behaviors, views and predilections. To catch the attention of your customers you may offer various purchasing methods such as direct sales, online sales or affiliate sales. Effective CRM is just


not just using the right CRM software but acclimating your business according to your clients needs as well.

A CRM system can be implemented by learning some basic steps. First you capture information that identifies your clients. A web site or an online service can be very helpful as clients can enter their own details. Then this information should be stored in a relational database management system, which is a centralized system that it is accessible to multiple personnel. After this use some data mining tools to analyze data that will help you to outline potential clients and develop a sales tactic. If some of your clients are complaining then try to resolve their problems rapidly as delay may affect other clients, potential clients and staff time.

CRM helps to manage customers and staff by introducing reliable systems, processes and procedures of communication between staff and clients. A good CRM policy includes training of employees, amendment of business methods and implementation of appropriate IT structure. CRM is not merely software or technology but it is a complete business strategy. It is a method of marketing, training and services within the enterprise.

With the help of CRM solutions you can more easily attract, increase and preserve your profitable clients. Currently many CRM software packages are available on the market. Researching your software options and trying out several solutions will enable you to make the best decision. Many reputable companies will offer free trials of their products. Choose the one that most helps you focus on your customers' needs and an maintaining an effective relationship with them.

About the author:

Halstatt Pires is with the Internet marketing firm - http://www.marketingtitan.com - a San Diego Internet marketing and advertising company offering automated web site systems - http://www.businesscreatorpro.com - create web databases, e-commerce sites, business lead management systems and more.

 

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  • your customers are more than a number

  • your diamond mine the lifetime value of your customers

  • you must build a customer list