CRM – Customer Relationship Management Software For a Fast Growing Business
Many companies have been using CRM or Customer Relationship Management in their business as an instrument in reaching out to more customers and keeping their loyalty in the company’s hands. CRM is a strategy that has been proven to be effective in promoting the growth of a company. What’s most important in a business is the customer. That is why it is necessary to effectively manage every aspect concerning customer’s needs and satisfaction in order to draw more customers in and draw recent and long-time customers back. This, in turn, will generate more revenue to your business.
What exactly is a CRM? And what is CRM software? How does it help your business satisfy your customers and gain more from them?
CRM which means Customer Relationship Management is a strategy or method in business to find, acquire, nurture, and retain customers through ceaseless communications and analysis of customer’s patterns, behaviors, and transactions. CRM Software, on the other hand, is an application that, aside from other features, manages data incorporating marketing, leads, sales, feedback, and support that is gathered and used in analyzing customers to meet their needs and gain more leads, and in communicating to address issues and feedback from customers in order to maintain a strong relationship with them.
Simple CRM methods can be done to maintain healthy relationship with your customers such as sending friendly greeting cards and sending an invitation for the launching of a new product or service. However, when your business is growing and there are tons of customers to follow up and are in need of your assistance, simple methods may no longer make any significant developments to your business. To keep a continuing relationship with a massive number of customers, it is necessary to automate the process of CRM. Thus, a CRM software is definitely a tool that you should invest in your business that will further promote its growth.
A CRM software includes many features that help your business grow in a very easy and convenient fashion. With all these features many advantages can be taken from using a CRM software. Here are some of the features and advantages that are usually offered in a CRM software.
Sales Force Automation: It simplifies the sales process and makes your business accommodate every customers looking to buy your product or use your service. While every transaction is made, data is kept and organized to generate a report accounting the progress of your sales. Data about leads are kept as well to take actions to convert leads into sales making sure that your business is selling at the optimum level.
Marketing Solutions: It supports marketing activities to make it more easier for your business to reach more customers and generate leads and eventually make more sales. It automates the process of marketing by distributing marketing campaigns through emails and mobile SMS. It also helps you track the success of your campaigns and reports how many responses you get from your marketing efforts.
Customer Service: It records communications made by you and your customer and adds the data to your customer’s database of contact history. You can also view these records to keep track on a customer’s needs and make ways to provide your customer the satisfaction that will make him keep coming back to you. The most important part of CRM is the “Relationship” part. Keeping your customers loyal to you will keep your business moving forward so it is crucial to maintain an open line of communication with your customers.
Customer Analysis: It keeps records of your customers’ profile and use this data to analyze the type of customers that make good relationship in your business. You can use this data to identify potential customers and come up with a strategy to determine what type of people to target in your marketing campaigns.
It also helps you cross sell other products in your business by analyzing transactions made by your customers and knowing the kind of customers you have and how to satisfy their needs.
There are two types of CRM software that you can choose from depending on the type of host that manages your files of data incorporating the CRM of your business. You can choose from a locally hosted CRM software or from a remotely hosted CRM service. Both of these types of CRM software has certain advantages and disadvantages.
A locally hosted CRM software is one in which all files are stored and managed at your own server or your own computer. Because it is installed in your server, you have full control of the software and every data that you record with it. The disadvantage of using a locally hosted CRM software is that there are a lot of work to be done and many things to consider with you having the full responsibility of your software. Time and money can be spent quite a lot and technical expertise might be required in the maintenance, security, and upgrading of your software.
The other type of CRM software is the remotely hosted CRM service. This CRM software is hosted and run in a server of a CRM provider. The company is responsible for all the security, maintenance, and upgrading of the CRM software. To use the service, all you need to do is register in their site and log in online whenever you need to work on your CRM. If any problem arises, the company’s support team is always there to fix it. The disadvantage of a remotely hosted CRM software is the possibility that the site or company may shutdown or the service can stop at their own discretion. With this, there is a chance that you will lose all your data if the company does not provide you a backup.
Here are some tips in selecting the best CRM software for you. Choose the CRM software that best fits the size of your business. CRM software come in different prices ranging from totally free to thousands of dollars. Look for the CRM software that just meets the needs of your business.
Some of the essential features to look for in a CRM software are contact database support, reporting, analytics, and capability to integrate into your networking system. The software should be easy to use for you or one that corresponds well to the expertise level of the people involved in the CRM. Some good CRM software also offer capability to connect to mobile devices to make networking with your people more convenient especially your business sales force.