In the following section, we will look at how Customer Relationship Management methods can help companies increase and retain customers. CRM systems for customer management bring the issue of data collection and profiling to a more operational level. As we’ve seen, to build consumer loyalty, you first need to know your customers and to know them as accurately as possible. So far we have provided some general indications on real choices, and these are essential if you want to grow your customer base.
Growing client base how to#
Only in this way will it be possible to intervene promptly to modify the activities that do not work and to strengthen those that demonstrate, data in hand, how to increase the customer base.
Last but not least, to avoid wasting resources, it is essential to monitor where customers come from and which sources offer the most value. Find out what works through accurate and timely measurements It then becomes imperative to learn the language of each social channel and choose the most current, specific, and relevant content. From online customer service to using social media to get information, there are now more and more opportunities for companies to open up new communication channels through which they can connect with their audience. Social media has revolutionized the way customers and businesses can share information and engage in conversations. Harvard Business School said it 20 years ago: Loyal customers are highly likely to send referrals, and new customers gained through word of mouth are even more opportunities for brand growth. Get the most out of your networksĪt the heart of this advice is a recognition of the value of relationships and customer retention, a value that has increased exponentially with the mass deployment of digital technologies. While it’s true that 78% of people abandon a sale because of poor customer service, responding quickly, professionally, and courteously has a positive impact on your customer base and your bottom line: loyal customers are worth up to 10 times the amount they originally spent. To keep existing customers coming back, it’s critical to invest in customer care services. It sounds like a platitude yet, it’s not. By being able to intercept or anticipate their requests (even better!), you can design more engaging customer experiences, keeping curiosity alive and nurturing trust. Get to know your current and potential customersĭeepening the knowledge of your customers allows you to understand their needs and develop services that are truly useful. With that in mind, we have tried to condense the best experiences in some suggestions. There are no definitive rules, and each case must be made with respect to specific business needs. Managing the customer base in the best possible way is a priority for any organization, in any market. Get to know your customers, multiply contact opportunities, and activate vital communication channels The objective is therefore to increase loyalty, but how can the potential contained in the customer base be unlocked in order to retain them? Among the tools available today to manage the customer base – and the treasure trove of knowledge stored there – there are CRM applications.
And, if attracting a new customer costs five times more than keeping an existing one, then the first rule of any business should be to invest in building valuable relationships, minimizing the risk of abandonment, and avoiding or reducing acquisition costs.Įach consumer leaves valuable traces of information at touchpoints in each step of the purchasing path designed by the brand: not only personal data that allow identification, but also quantitative and qualitative data that describe, if correctly interpreted, his consumption experiences. What we’re witnessing today, however, is the affirmation, in virtually every industry, of an even more customer-centric business philosophy, whereby business results can be improved primarily by cultivating relationships. The fact that customer loyalty is just as important – if not more important – than acquiring new customers is now well established. What are the benefits of CRM for a sales manager? How can CRM be used in the best possible way to implement effective actions in customer management?
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