Database and CRM

  • on Friday, 22 June 2007
  •  • 
  • Direct Marketing

Customer Relationship Management (CRM) in Professional Services businesses is absolutely paramount as it provides your marketing activity with 3 critical elements for growth and improvement: visibility, control and measurement. Implementing a CRM solution might involve considerable time and expense, however, there are many benefits.

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A major benefit can be the development of better relations with your existing customers, which will lead to:
  1. Increased sales through better timing due to anticipating needs based on historic trends
  2. Identifying needs more effectively by understanding specific customer requirements
  3. Cross-selling of other products by highlighting and suggesting alternatives or enhancements

This can lead to better marketing of your professional services by focusing on:
  1. Effective targeted marketing communications aimed specifically at customer needs
  2. A more personal approach and the development of new or improved products and services in order to win more business in the future.

Ultimately usually leads to:
  1. Enhanced customer satisfaction and retention, ensuring that your good reputation in the marketplace continues to grow
  2. Increased value from your existing customers and reduced cost associated with supporting and servicing them, increasing your overall efficiency and reducing total cost of sales


Once your business starts to look after its existing customers effectively, efforts can be concentrated on finding new customers and expanding your market. The more you know about your customers, the easier it is to identify new prospects and increase your customer base.

Even with years of accumulated knowledge, there's always room for improvement. Customer needs change over time, and technology can make it easier to find out more about customers and ensure that everyone in an organisation can exploit this information.

With a good CRM software program any company, regardless of its size, can keep a close track on every sales-related activity. Through intelligent reporting facilities, strengths and weaknesses can be identified. Sales opportunities can be spotted and acted upon, thereby gaining an economic advantage over competitors who do not employ similar tools. CRM undeniably has a considerable importance in any Professional Services business. In fact, those not using CRM effectively are in our view seriously disadvantaged in the market.

Performance Marketers™ can help you design from scratch, or optimize your existing CRM so you miss less opportunities to generate more revenue from your prospect base.
 

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