10/5/2009

Why is Customer relationship marketing vital to your success?

Ok...first of all we are talking about CRM...I want to make that clear. Clear? CustomerRelationship Management (CRM) is used by companies to manage theirrelationships with customers, including the capture, storage and analysis ofcustomer information.

 

Life-timevalue will become more and more of a focus for business, and lapsed and currentcustomers will become the key opportunity for growth.

Thisinformation is used to sell to customers, keeping them loyal, spending moremoney with you... and recommending you. It should be cheaper to get an existingcustomer to book again than to win a new customer.


Virtually every department can reap benefits:

         Better-informedmarketing decisions

         Shorter,more effective sales cycles

         Moreefficient customer service and support

         Greatercross-sell and up-sell opportunities

         Greatervisibility into your business to help you plan ahead

CRM worksbest when both Direct Mail and Online activity are used together (interactive marketing)...and this is what outside the box specialise in.

KILLERFACT

Up to 6x asmany customers feel that  DM gives abetter impression of a company than email

Even ifthey don’t respond 59% say DM  affectsthe way they  think & feel abouta  company

KILLERFACT

Ask your customers what they want and listento the answer:

“Dialoguemarketing has proven to be a more efficient method of reaching prospects inboth business-to-business and business-to-consumer segments. Response ratestypically deliver 10 times the average direct mail response rate.”

KILLERFACT

57% ofconsumers like Direct Mail with special offers and money off vouchers

KILLERFACT

The sense of smell emotionally affects humans up to 75% morethan any other sense

Our mood will increase by up to 29% if we are exposed to apositive tactile feeling, and

65% if we are exposed to a positive sound

KILLERFACT

Considercombining Direct Mail with other channels...

70% ofconsumers say they are more likely to respond or to remember something if it iscommunicated to them by DM and Email, with 63% saying the same for DM andOnline

DM makescustomers feel important and rewarded

         Itcan engage, surprise and delight

         Peopleanticipate their mail

         DMprovides a unique opportunity for customers to bond with your brand

         DMcan compliment other channels, amplifying their effect

         Mailis trusted

There you have it! CRMor Retention marketing is the new battleground for businesssuccess and competitive differentiation...now you know! What are you going todo about it?

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