When people start a new business they often times focus on employee hiring, income tax filings, tax estimators, payroll issues etc. This is understandable since these are the necessary tools to doing business day to day. However, these aren’t the only tools to doing business. You need a customer base, and a happy one at that, if you expect to survive beyond day one. Smalls businesses often fail within the first five years, and it’s not because of a lack of start up capital, or available talent pool, rather it’s a lack of decreasing or non-existent revenue coming in. Rule number one of doing business, keep your customers happy!
Customer relationship management is an often overlooked business avenue. CRM is the integration and interaction of a system to communicate with one’s client base, as well as potential customers. This communication typically manifests itself into sales activities and support, but it can involve human resources, customer service, and overall relationship management with the company and client(s). The benefits are almost endless. You can experience a decrease in overheard costs for both you and your customer, improve effectiveness across the board, and heighten overall customer satisfaction. The first step in effectively implementing customer relationship management at your company is to find reliable software to make the process easier. Quality CRM software is essential to establishing a good relationship between the client and customer. In the end the best measurements are the tangible ones, such as increasing sales, retaining customers, and saving you money in the process.