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Is Your CRM System Helping You Boost Sales?
Is Your CRM System Helping You Boost Sales?
By Jennifer LeClaire / NewsFactor Network Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
AUGUST
21
2013



(Page 2 of 2)

Asking questions about your customers' goals, and what they view as success, is a great starting place. That process turns the sales conversation into a more personal, more customer-focused effort. Having a CRM system setup to record and report that information is critical. There's little point asking the questions, if there's no easy way to record and track the answers.

If your sales team asks the right questions and is empowered with a CRM system that lets them easily record key customer-centric information -- such as goals, concerns, and objections -- you can turn your CRM system into a true powerhouse for business intelligence.

Customers Don't Want To Be Sold

For its part, Microsoft promises the next release of Dynamics CRM will deliver "more personal experiences" for sales, marketing, and customer care professionals. For example, the new release will let people access information on a variety of devices; introduce a new user experience; give people access to information that's relevant to their jobs; and deliver richer contextual information with deeper customer insights. There are also enhanced social collaboration capabilities.

"Customers don't want to be sold to anymore. They are knowledgeable and are interacting with their social and professional networks to make their buying decisions. They expect businesses to help them make the most informed choice," said Bob Stutz, corporate vice president for Microsoft Dynamics CRM.

Stutz went on to explain that Dynamics CRM has been evolving to help sales and service people connect with their customers in a way that is more personal. The strategy now focuses more on giving customers and prospects the information they need to choose the right solutions, as well as nurturing relationships, and engaging productively.

When all those goals come together, the result should be an outstanding customer experience that ultimately drives increased sales and customer loyalty.

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Matt Ranger, Head of Sale:

Posted: 2013-09-13 @ 6:38am PT
I could not agree more about the need to restore customer-centricity across sales – and utilising information captured via marketing interactions can be a big help. At Maximizer Software, for example, we use HubSpot all-in-one marketing automation software, integrated with our Maximizer CRM to feed customer intelligence from marketing interactions directly into our sales pipeline within our Maximizer CRM system. Having a CRM system that can collect data in real time from throughout the organisations allows for a 360 degree view of every customer. Plus, by having all this information at hand, sales reps can engage in more meaningful conversations with customers and prospect alike, including educating individuals, not just trying to sell to them, but answering the clients’ needs. And as trust and loyal relationships are built, your sales start to rise.

Michael Topalovich:

Posted: 2013-09-09 @ 12:52pm PT
For most businesses, I don't really think it's a matter of choosing the "right" CRM strategy...just having a strategy to begin with would be a huge step in the right direction.

Yes, customer experience and shifting the focus to the customer's vision of success are important, but that doesn't diminish the importance of pipeline and retention analytics...you need to find a way to marry the two so that you can quantify the success of the strategy that you are executing and spot trends, positive and negative, as they happen.

The other trap to avoid with this shift in thinking is not collecting the vision and goals of the right people within a customer or potential customer. As we know, organizational alignment is difficult for most of us to achieve, so be sure to capture the forward-looking data from enough of a sample size within a company to validate the true needs of the organization, not just the perception of needs by the people that might be too close to a problem to be able to clearly articulate it in a manner that captures the true underlying business needs.

Michael Topalovich, CTO
Delivered Innovation
@topalovich

Brad Hodson:

Posted: 2013-08-28 @ 9:07pm PT
This is exactly right and also what's exactly wrong with much of the CRM industry. Until we can start focusing more on the benefits to the customer, we'll forever be working with numbers and neglecting the user base that matters most.

Brad Hodson
JobNimbus

Juliane Schmidt:

Posted: 2013-08-27 @ 2:10am PT
Very well written!!

Dan Kim:

Posted: 2013-08-22 @ 3:27pm PT
Thanks for the great tips and information, Jennifer! I absolutely agree that capturing the right customer data, is essential to CRM success. Therefore, it is important to create strategies for social CRM adoption, as well as internal SCRM utilization. With the availability of complete business suites like GreenRope, companies are provided affordable consolidated solutions that are flexible enough for any type of business. However, during the initial stages of SCRM adoption, there must be an emphasis on the importance of daily use. Without a top-down emphasis and strategy for SCRM adoption, it becomes difficult to target the appropriate demographics. Furthermore, if the adopted SCRM is not being used on a daily basis, sales/client services will continue to miss the opportunities to build/maintain valuable B2C relationships.

James cage:

Posted: 2013-08-22 @ 8:10am PT
Good advice. Came across another whitepaper that readers will find useful Pros and cons of migrating to Microsoft Dynamics CRM from Salesforce.com @ http://bit.ly/17UgKN7

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