CRM - Customer Relationship Management

Customer Relationship Management (CRM) is the continious art of managing a relationship a business has with its customers. If there are no customers there will be no business. Customers are the live blood of any business. A CRM system assists with focussed efforts on building a relationship with the customer on an ongoing basis.

The starting point of CRM is getting a complete understanding of how the business sees their clients.

Some businesses define a client as a customer, others call them guests (like Disney - they do not have clients or customers, they have guests), and typically a rock bank has fans and not customers.

The basis of the relationship is defined by detailing how the business sees their clients. If your clients are guests, then the treatment they receive will be inline with how one is treated when you are a guest.

Your Most Important Asset

For a  business, the most important asset is the customer. With the increased competition in the market, it has become key to not only have a customer, but to have a relationship with that customer. Without the relationship, there will be no patronage. And patronage is what business is about.

Customers are typically a hidden asset in a business. Customer information is kept in files where the best you can do is flip through them. In this technology age, companies are now capable to leverage their customer information in ways that was previously only available to larger companies.

It is not what you do, it is who you know

Once you have implemented a CRM system, you soon realize, it is who you know what is important! Many larger companies have many decision makers in order to make important decisions. Many times it is hard to keep track. However, with a CRM system you are able to manage contacts within a company allows for a clearer view of a specific account.

We have seen when people start managing the account, the contact and the potential, you are able to increase your business turnover dramatically! Business owners also see where the gaps are, who is working and who is not.

Impact Areas - keeping score and the eye on the ball

Management is the focused activity of a specific area that is important to the success of an enterprise - these are impact area that must achieved in order for the business to reach its targets. If an area was not important, it would not need management. Because an activity or area is important, it needs to be managed. There is work involved in managing a relationship. It is a two way street of communication. One-sided communication cannot be called a relationship! Sending out emails and SMS, is not building the relationship. It is part of the building blocks.

Keeping score on impact is done by using a CRM system - driving the lowest denominator which is activities towards potential and current customers.

How you see your client is CRM

Therefore, CRM is about how you see your client in your business, how you define the relationship with the client and how you manage that relationship (the effort you put into the relationship).

With the advances in technology it has become a lot easier to manage a relationship. It has become easy to implement a system to assist with building relationship. The biggest challenge is maintaining the activity it takes to uphold the effort in building that relationship. Once the effort becomes habit, the business starts benefiting.

CRM Software

One of the most important tools for building a relationship with a customer is CMR software. It becomes a tedious task to build a relationship without a dedicated tool and system.

There is an array of applications to select from. Contact Online Systems for a new look at your CRM needs. Online Systems focuses on Small to Medium Business Web Based CRM Solutions that is affordable to implement and maintain (CRM Software).

Last Updated (Tuesday, 12 January 2010 20:11)

 

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