What is it - and why do I need it?
Customer Relationship Management.
CRM is a set of
methodologies, software, and usually Internet capabilities that help an
enterprise manage customer relationships in an organized way. It
includes all business processes in sales, marketing, and service that
touch the customer.
For example, an
enterprise might build a database about its customers that describes
relationships in sufficient detail so that management, salespeople,
people providing service, and even the customer can access information,
match customer needs with product plans and offerings, remind customers
of service requirements, know what other products a customer has
purchased, and so on.
Is CRM Right for My
Company?
That's a good question. There is so much misinformation still in the
marketplace, the answer can be very hard to find for the small and
midsized business manager.
At the most fundamental level, every company has customers. And every
company should maintain some basic information about those customers
(names, addresses, purchases, contracts, invoices, etc). Therefore every
company should have at least some basic "CRM Technology" to track and
serve their customers. Even small businesses use Outlook, Quicken or
other applications for this purpose the outcome is appropriate for crm
applications. It is a flat file for the most part that holds information
but hardly "relates" to the reasons that you are saving information to
the package.
But for purposes of this discussion, we are going to define CRM as
"targeted mass marketing." That is, having a large number of customers
and/or prospects whom you want to selectively communicate with depending
upon their preferences, past buying patterns, demographics or other
information. Even small and mid-sized companies can have a need for this
kind of marketing – and it can still be driven by simple processes and
technologies.
Given that simple definition, companies that are not trying to
communicate in a way that is both large scale and targeted can walk away
from CRM.
For the rest of the world, there are 7 key questions you should
ask yourself:
- Will looking at
all of my clients, prospects and suspects help me learn something
about what them and make me increase my efficiency and thus become a
better manager of my customer information base?
- Will the
customers see the value in my company because we can better know
what their needs are and will this affect my bottom line?
- Is my customer
base large enough that it makes my entry into crm significant?
- Will making
contact with my client database more that once a year help me to
increase my sales?
- Can my business
benefit from direct mail promotions, point of sale, web site
information link and email?
- Where do I have
the customer data now? Is it shareable, can I run reports that will
provide me a picture that will help me quantify that base and
analyze significant values within it than looking in an accounting
software?
- Will it be more
meaningful to my business if I collect the data in various sources
and place them all in one place to be viewed by many users in my
office that deal with the clients on a daily basis?
The more of those questions you answered with a firm "yes," the more
likely you are to benefit from CRM. If you comfortably answered "no"
to all of those questions, then focus on fine tuning other ways of
getting new customers (PR, advertising, etc) and serving existing
customers - you're not likely to get much value out of CRM at this
point.
If more than one or two of your answers are "maybe," then sit down
with someone you trust to be objective and experienced and try to
firm up your answers.
Once you've made the decision that CRM is for you, it's not a matter
of deciding to do it. You need to understand what vehicle to use to
start your initiative. You will find that the quantity of data and
the quality of the information you extract will be your next
decision and all that depends on your goal. For more information
Just click and ask us how!
Still have a few questions? For More information about the
software click on the box. For specific information about what might
be a fit for your circumstances, Let us Help you!
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