Using CRMs to Boost Sales
Most businesses today use customer relationship management (CRM) tools to manage their transactions. CRM tools enable you to sort and store customer information, learn more about them, and manage their preferences. It is an essential tool to build and create marketing campaigns and generate revenue in the long term. But CRM is also a great tool to increase sales in the short term as well.
With CRM, you are recording everything about your customer- their likes and dislikes; basic demographics like age, gender, location and profession; as well as their all-important spending habits. With this information, you build a database of buying patterns…and in turn, you can segment your customers based on whatever metrics you choose, making it easier to send them targeted marketing messages and promotions. The more ‘in-touch’ you are with your customers, the easier it will be to increase sales.
Another great thing about CRM software is that you can customize most features to suit your business and your team. Your sales executives can access and feed in data while they are on a call, and you can share that information with other departments. Extend CRM access beyond the sales team- that way, anyone with useful information can enter it into the system. When you integrate data collected from various teams and departments, you provide everyone with updated information to work with.
A majority of the leads generated by businesses never convert because no one bothers to follow up. CRM tools allow you to track your leads and pursue them. When your sales executives do not follow up leads in the pipeline, you will be in the dark about what helps your conversion rates. Tracking leads with CRM will help you stay ahead of the pipeline, and learn what marketing methods work best.
VALUE FOR MONEY
CRM systems are relatively inexpensive to install and maintain. And what’s more, having one in place ensures that you manage your customer’s needs, and do not run the risk of losing them…more savings! So why not integrate CRM into your everyday sales practices?