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Customer relationship management (CRM) Write for Us
Customer relationship management (CRM) is the process in which business organizations interact with customers using data analysis to study a huge amount of information. They extracts data from various communication channels, including the company’s website, software, live chat, email, social media, and marketing materials. It allows businesses to know more about their audience and to take care of their needs to retain customers and increase sales growth.
CRM can be used with the past, present, and future customers’ concepts, procedures, and the rules that are followed when communicating with the customers is known as customer relationship management (CRM). It can make us contact the customers directly for the sales and services operations, forecast, and find the consumer’s pattern and behavior from the company’s view. It is the combination of strategies, practices and technologies that which the company balances and analyze the data and interactions of customer in the whole customer lifecycle.
Types of Customer relationship management (CRM)
Strategic
Strategic CRM focuses on customer-centric business culture development. As they focus on the business being customer-centric will also increase the CLV.
Operational
The main goal of CRM is to integrate and automate the sales, marketing, and support of customers. It gives the view of all the functions in the single view of the customer. It has a dashboard that shows us information on the clients, past sales, efforts of previous marketing, and many more.
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Search related terms
The terms associated with this topic are below:
- Data analysis
- Large amounts of information
- Compile data
- Communication channels
- Website
- Softphone
- Retaining customers
- Automation
- Single customer view
- Sales force automation