Microsoft Dynamics CRM





CRM and Small Businesses (part 1)

Posted in Microsoft CRM | January 8th, 2007 |

Perhaps resistance to many small businesses employing CRM is that they do not fully understand why they might need it. CRM, or customer relationship management, means that when a prospect is contacted it is with the hope in mind that they will soon become a customer. If they become a customer they become even more valuable.

It is therefore very sound practice to retain all the contact information for both the prospect and the resultant customer so that they can be contacted again with fresh offers. This simple practice leverages the fact that an existing customer costs much less to market successfully to than a cold prospect that has yet to purchase.

Knowing as much as possible about a customer allows the sales person to be able to tailor and market products to them in a much more focused way. This is where CRM, or customer relationship management, software comes in. It can do all the boring, difficult jobs for you, which you can then access at will at the click of a button. It employs strategies, methods and proven techniques to gather and organize the information in meaningful ways. It then makes all this fully accessible in a multitude of different ways, allowing the sales person a freedom that formerly was unknown.

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(Part 2 follows tomorrow…)

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