CRM (Customer relationship management) software is a software that is used for managing customer details and profile and helps in maintaining goodwill with your customers. It helps you in tracking your customers and allows you to provide customer satisfaction with its services.
In a retail business you deal with the customers directly and it is highly important that you approach them with and take care of every detail and need so you can have loyal customers and more number of buyers.
Role of CRM in Retail business
Customer history
CRM stores all the customer information and profile like their last purchase, business cards, phone numbers. This helps in recording all the history of a customer so you know each one of them individually and you know who are your regular customers and what are their needs. Which also helps you in for seeing the demands and getting better business and makes the customers”™ experience better at your store.
Segmenting
Collecting all the information about the customers allows it to put your customers in different section so you can attend them accordingly. This way you can segment your market. There might be families, youngsters, vegetarian, non vegetarian, new buyers, long term customers, heavy purchase customers, lighter purchase customers, etc. The segmentation in your market helps you in providing better strategy that suits your customers.
Tracking
CRM software helps you in tracking all the customers individually. This provides you the clear information as to which customers are beneficial for you and which are not. And which customers have proven to be loyal which have not. So you can also provide them better service and at times reward your loyal customers to keep up their loyalty and get more buyers indirectly.
Promotions
Promotions helps you target the right audience as it tracks each customer. Therefore you can manage them putting in groups or even individually. This will help you provide them better service. And when a customer visits your website you can accordingly look into what they are looking for and include the promotion of that particular product in their newsletter. For example you have a sports related store and a customer looked into some fitness wear hence you can include the promotion of that product in their newsletter or emails, etc.
Purchase tracking
CRM allows you to track each customer”™s purchase separately so you know their interests and if their product had any issue or any damage. This way you will be able to provide them better service by having their interests included in their sms and emails or newsletters. In case of damage or issue you will be able to provide them with the same item in lower price in their next purchase or even give free service, etc to provide them to gain more customer satisfaction.
Loyalty
CRM allows you to focus on each customer individually hence you can pay attention to their needs more closely. This way you can also focus on your long term customers and provide them with points, bonuses and rewards which will help you gain customer loyalty. This way you can have better business as loyalty will bring you committed customers which will set the level of your sale and profit in the right track.
Cost effective
It allows you to manage the customers in the most cost effective way. You can send out bulk sms and email easily updating them about the upcoming sale, offers and also allows you to take care of them individually by focusing on their individual needs. CRM implementation is a simple and cost effective process it also saves you more income as you will have have lesser staff and lesser resources to spend on.
New buyers
CRM does not only manage your old customers or existing customers for you. It also has an intelligence that helps you identify potential buyers and convert them into leads which can turn into customers. CRM can help you get their attention by identifying them for your sales department who can then go ahead and deliver their interests to them from your business”™ side with sophistication so they show up at your door soon.
See how CRM for Retail Business works:
Reach CRM is a cloud based customer relationship management software that tracks your customers and manages them individually. It allows you to categorize the leads based on their interests level and you can focus on them accordingly. Sales team can get their updates on how to proceed with their work in a day.
Reach CRM is accessible from anywhere and is also mobile friendly.
Features of Reach CRM are:
- Contact
- Lead management
- Quotes
- Sales team collaboration
- E mail integration
- Bulk sms and email
- Reports and dashboard
To learn more about Reach accountant please click on contact us. For 15 days free trial of Reach CRM software click >> Demo
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