Effective CRM leads to happier customers and a healthier bottom line.
CRMGuru reports that 67% of CRM implementations result in a successful ROI. And yet, there are still small- to mid-sized businesses that haven’t yet paired their vision and strategy with a total customer relationship management process. When a customer leaves, these companies are often in the dark as to why. Equally important, some aren’t quite sure why a customer stays.
Without a doubt, customer loyalty is the key driver of profitability. So why do customers leave a particular organization and seek another provider? According to CustomerThink Corporation, 68% of the time they leave due to service problems. Without effective CRM, sales and marketing have done their jobs, delivered prospects and closed the sale. But somewhere in the pipeline, customers can become disillusioned.
The other reasons customers leave? Fourteen percent report a product problem as the cause. Nine percent are lured away by the competition, with an equal percentage not giving any reason other than dissatisfaction.
How can a CRM+ solution keep these customers? By creating a 360° view of the customer from the time they are a data record, until they become a prospect, through the sale, and into delivery is paramount to customer loyalty and retention. Service problems would be addressed by all facets of the corporation, and quickly solved. R&D is more robust due to this full view. In short, effective CRM puts the customer at the center of every corporate action and reaction, resulting in greater customer satisfaction.
Want to know more? Contact CRM+ Consulting at 813-343-2173 or visit us online at www.CrmPlusConsulting.com.