It’s no secret that things move fast in the digital landscape. From newly discovered trends to an abundance of information and the emergence of new social platforms and opportunities, it’s become more vital than ever before to ensure meaningful relationships and long-term connections with your audience. Customer Relationship Management, or CRM, is a powerful tool that can foster such bonds by optimising and managing your interactions with customers through the efficient utilisation of data, and become the foundation for experience-driven marketing and generating consistent revenue.
What is Customer Relationship Management?
CRM is a system that serves as a central hub that collects all customer data to be utilised for the purposes of understanding audience preferences and inclinations, and allows marketers to efficiently tailor any marketing efforts to drive revenue and growth. With a customer-centric experience being at the core of digital marketing nowadays, having a hub that collects all information and lets you nurture your relationships in a profitable and efficient manner, is the best course of action. By keeping track of your complex and dynamic data from sales leads and customers all in one place, it allows you to be organised, efficient, afford better time management and leaves you with more impressed and trusted customers.
Evolution of CRM: From Data Archive to Strategic Marketing Tool
What was once a mere digital filing cabinet for contact information, has managed to transform into one of the most essential marketing tools. Here’s a quick guide through the remarkable transformation of CRM:
CRM started off in its early days as a database that was designed to help businesses with the collection and storing of basic contact information of their customers, such as name, email address and phone numbers, which made it easily accessible.
In the 1990s, with the explosion in internet use for both commercial and personal reasons, CRM saw a rapid progression with the incorporation of automation features that facilitated not only with data entries, but also with email outreach.
360-Degree Customer View
The modern interpretation of CRM involves a wholesome view of each customer that offers deeply relevant information on their preferences, purchase history and engagement patterns, which also led to the popularity of personalisation as a leading marketing strategy for maintaining existing customers and bringing in new ones.
Strategic Marketing Integration
Today’s CRM has evolved into a leading marketing strategy that’s become an essential for helping businesses track leads, nurture prospects and measure the effectiveness and success of their campaigns, with the intention of providing useful data and insights for future developments. Along with the integration of other tools, such as project management, email marketing and social media management, CRM has grown to be an indispensable marketing strategy that can become the cornerstone of success in digital marketing.
Benefits of Using CRM Marketing
- Attract: CRM allows businesses to create an experience-driven marketing strategy through highly-targeted campaigns that ensure the right message reaches the right audience, which means you can save time and money on wasted efforts and also attract potential future customers that become part of your loyal community.
- Delight: CRM enables businesses to create a personalised journey, which goes a long way in delighting audiences and making them feel seen, valued and understood. Through tailored messages, offers and recommendations, you have better chances of connecting and resonating with your audience on a deeper level, with personalisation being at the core of all your practices.
- Engage: While attracting and delighting are powerful attributes of CRM, they mean nothing without ongoing engagement. It can help you stay connected with your audiences by tracking the behaviours and preferences of your customers, so as to keep them engaged throughout their journey, with the intention of them coming back for more.
As CRM has come a long way to become a must-have tool for digital marketing, it has also proven to be a pivotal force of adaptability and innovation. CRM-powered marketing has transcended its role as a mere database and has evolved into an indispensable strategic tool that turns data into actionable insights and relationships into brand loyalty. It’s more about people and human interaction than ever before, and leveraging the principles and tools of CRM, can lead your business to elevate its entire approach to customer engagement, and emerge as more efficient, productive and profitable.