An unhappy customer is NOT good word of mouth (WOM)As a webmaster, you know what’s involved in designing, constructing and administrating an online business – everything from paying the bills to syndicating content, a well-run e-biz is a multi-faceted operation. And you run the show.
However, if you try this, then re-do that, test such-and such and hire people who don’t “get it,” your online business won’t be the dream come true you’ve been planning. The key is to integrate all of your business activities into a single strategy called CRM – customer relationship management. CRM is at the heart of any growing business. The principles are simple, you don’t need an MBA and it doesn’t cost a lot of money (much of CRM doesn’t cost any money).
CRM is an important consideration for corporations, NFPs, NGOs and public sites, all of which seek to implement the basics to manage relationships with customers, clients and stakeholders (upper management, shareholders, etc.).
It’s all about the acquisition and analysis of customer data, vendor information and the in-house procedures you design to connect satisfied customer to eager vendor. Think of your website as the intermediary between buyer and seller – your customers and your wholesalers.
What Purpose Does CRM Serve?
Customer relationship management weaves together a variety of business functions to deliver the best product and retain the customer or client. Client retention is the ultimate purpose of CRM but, in the process of developing a CRM strategy, you’ll be required to consider all facets of your business including: professional development (for you and any staff you have, paid or otherwise), customer service (this specifically includes training customer service representatives, if you outsource this task), sales, marketing and promotion and, finally, compensation – who gets what.
If you’re the only participant, this won’t be a difficult decision to make. Any compensation comes back to you as either salary or operating capital to expand the business further.
The Building Blocks of a Solid CRM Strategy
In addition to your learning curve (assuming you’re a sole proprietor), which takes time and costs money in lowered productivity, you’ll need several tools to develop a workable and effective CRM strategy.
Your Database
Your business database contains all customer/client information along with inventory data, shipping dates and other order processing and marketing data. It is the focus of any CRM. In fact, without this information, there is no CRM.
This means, when designing your first website, you install a reliable, simple, automated database (MySQL, for example) to track all business activities. These activities fall into four distinct categories: (1) analytical CRM, (2) operational CRM, (3) interactive CRM (interactive with site visitors) and finally, (4) integrated client support and customer service throughout the business itself.
Analytical CRM
To undertake these CRM-based activities you’ll need some tools and some time. Analytic CRM requires software that can deliver useable stats. If the software delivers reams of indecipherable numbers, the data won’t be as useful to other members of the business team. The CFO may understand what that 250-page financial report shows, but the CEO may not.
Employ analytical software that delivers data in graphic formats – heat maps, pie charts and other visual representations. This equips your whole team (even if you’re the only player) to understand, assimilate and use site metrics with greater effectiveness.
Operational CRM
Where’s what?
The daily administration of your site is greatly simplified through the use of CRM tracking software. Using this software, you’re able to automate many routine functions such as auto-responder emails when orders are placed and news updates sent during an email blast to those customers and opt-ins stored in your database.
However, operational CRM also enables you to make the best use of the data you maintain in the system. If the bank account number of a key vendor in
Tracking data – sales data, order data, site metrics, order status and other critical information – becomes much simpler when (1) it’s easily accessible in one place and (2) you’re able to automate routine functions, giving you more time to focus on more “human-oriented” tasks like developing your next marketing campaign.
Interactive CRM
A relatively new digital phenomenon but one web users have quickly adopted and now expect from sites selling goods or services.
Interactive CRM enables the visitor to customize a product search using a site search feature that delivers the desired content whether the visitor enters a product name, brand or even part number. Fast. The visitor is in and out – and hopefully you’ve made a sale and a new customer.
Forms are another use of CRM interactivity. More and more sites collect data on their visitors who don’t seem to mind providing it, especially if they’re tempted with a free eBook download.
This information provides opt-ins (pure gold) and marketing data to better define your demographic and its needs. And again, the automation of the data acquisition and generation of the download key code integrates operational and interactive CRM, creating a business synergy.
Interactive CRM also delivers the ability to the client to ask a question via email. The “Contact Us” page of a site is where you’ll usually find this feature. It’s another channel to keep your clientele happy and to collect opt-in email addresses for future messages and updates.
Integrated CRM
CRM should be the focus of all your site design, marketing, ordering and management of customer objections. Instead of dealing with sales as a separate aspect of your operation, it’s built into the master plan employing operational, interactive and analytic CRM data drawn from an up-to-date data base.
When a CRM program is designed, it should look like a flow chart with automated decision points, QC statements, data collation and other business activities functioning as a unified whole. This is the ultimate goal of developing your site’s plan for customer relationship management.
In a cosmically competitive marketplace like the web, every advantage you gain over a competitor makes your business stronger. If you can deliver an order a day faster than the competition, you win. The relationship with those happy buyers is strong and they will be back to buy again.
Using CRM software to chart the course your online business may take a day or two to figure out, if marketing and customer care aren’t a part of your professional background. But that learning curve will pay off many times over by providing data that drives solutions to online retail problems.
Looking for synergies between marketing and order taking? Trying to figure out your percentage of repeat buyers over the past 12 months? Trying to resolve a customer complaint? You want (no you need) CRM tools just to keep up.
CRM Software Recommendations (Check ‘em out.)
SugarCRM (open source software)
No comments:
Post a Comment