CRM

CRM & Google + – What You Need to Know

Monday, July 18, 2011 by Sidney Angelos

Customer Relationship Management (CRM) is now established as a superb tool for businesses to use for improving the efficiency and effectiveness of their customer relationships and in turn, increasing profitability.

One of the key strengths of CRM is the way in which it integrates with other products and services. It is therefore little surprise that there has been much speculation as to whether and/or to what degree, Google + can be used as part of an overall CRM strategy.

The initial impression of many who have used Google + is that it lends itself well to the world of CRM. It does this through a number of refinements and improvements of previously available features along with the introduction of some new tools

Circles.

Arguably the most discussed feature of Google +, Circles is at its most basic and group management tool. However, it is also much more than this. Facebook has long had a method of organizing contacts into user-defined groups. This is a very useful tool for CRM as it allows a business to create groups of their customers, so an electrical retailer could have a list of customers who have bought microwave ovens and another who have purchased hi-fi separates, instead of just a list of all customers. The advantages are self-evident: the retailer can target its customer base much more accurately and in turn customers will not receive marketing that is inappropriate. The problem has been that group management tools have often been hard to use. Circles changes that by creating a simple UI that utilizes drag and drop so that a user can build much better groups. Google + provides a list of recommended contacts (based on Google Contacts and/or Gmail) from which a user can easily set up their groups (or circles). This ability to target marketing means that Circles is a first rate CRM tool.

Sparks.

Initially, this could be seen as simply an area for entering text to be taken to a search engine. However, it becomes apparent that Sparks is much more than this and is a useful CRM tool. Essentially, it is a method by which a user can enter an interest (say bird watching) and be taken to a list of books, blog posts, video clips (and indeed anything that a normal Google search would show). This is really useful for businesses from a CRM point of view as a business’s product or service could be entered (say “hi-fi turntable”). When the list is brought up, the user can add it to an “interest list” for future reference. The user is then in a position to see what others are saying about the product and gain an easy snapshot of what customers are talking about. This could prove invaluable in not just gauging how customers feel about a current product, but also in the process of developing future products. There is also a “Featured Interests” section that is particularly useful for finding out what are trending topics.

Huddle.

This is an app that is designed to allow a user to group message across key mobile platforms (including iPhone, Android and SMS). The possibilities here are superb for CRM implementation. A business with user groups set up (such as the electrical retailer’s hi-fi list) can send a group message concerning an upcoming hi-fi campaign just to the customers in that list. This will help improve customer relationships by providing targeted information to those who stand a high chance of being interested.

Google + is in some ways a refinement of previous Google tools that also brings some new ones to the social media party. For business, it enhances their CRM capability by offering users the opportunity to streamline the process of customer interaction as well as providing a platform for the discussion that lies at the heart of all CRM.


Interview With Thought Leader Kathy Herrmann Part I

Friday, July 15, 2011 by Sidney Angelos

Kathy Herrmann

Thanks so much Kathy for taking a few moments to let us interview you. Tell us, what is your background in CRM or social CRM?

I am a thought leader on social business and organizational change management. I specialize in holistically fusing people, process, and technology requirements to ignite positive change.

My transformational focus centers on helping clients understand how to leverage social business to improve customer-facing activities like marketing, sales, and customer service. Additionally, I also help clients foster greater collaboration across employees, customers, and partners. And I design ROI methodologies and tools for social business valuation determination.

For more information you can follow me on twitter at www.twitter.com/kathyherrmann or visit my site:  www.kathyherrmann.com.

Sounds like you have quite a bit of expertise in this field! How do you think social CRM has evolved in recent years?

Traditional CRM is based on 1-to-1 transactions because a company and an individual customer.  In contrast, SCRM refers to 1-to-many or many-to-many.  This has created challenges for companies to collect actionable intelligence from social channels.  And it’s not just intelligence from channels that a company may be active in.  Information from channels where they may not be active can be as or more important.

Social CRM technology is being driven by the demand for actionable intelligence from social channels.  Technology tends to break out into the categories of social engagement, community management, social monitoring, and the connectors to these solutions.

There is no one vendor, though, who does all aspects of SCRM well — although there are vendors that are doing categories well.  However, companies wanting a fully integrated and holistic solution still need to build best of breed solutions.

Companies really need to understand their social objectives and strategy to understand what they want to accomplish with social.  Once they do, then they can define the right SCRM technology solution set for them to manage their people and processes.

Agreed – knowing what you want to accomplish with social is the first and arguably most important step. How do you think the future of social CRM will change and morph over time?

Change management

Becoming a social business – not just a company with a Facebook page – is a change management opportunity and challenge for a company.  It requires attention to people, processes, and technology.

The more important question is – what can a company do to provide a better customer experience?  And what changes to people, processes, and technology are needed to support the strategy and tactics for such a customer-centric business model?

Doing social from a holistic corporate perspective needs to be driven at the executive level because it’s a strategic play.  Without executive buy-in and KPIs that support the strategy, it will likely fail within a company (or succeed despite itself).  Once the corporate strategy is defined, then the right processes can be generated and the right technology solution sets can be determined to support the people and processes.

Technology

No one SCRM vendor has a complete soup to nuts solution – and that’s probably a good thing because specialization is valuable.

Companies should expect to build best of breed SCRM solutions to meet their strategic needs.  Integration will become important to ensuring these individual solutions play well together.   Expect to see the major SCRM vendors or third-party providers build more connectors between solutions to ease integration and data collection across solutions.

Additionally, expect to see the major CRM players continue to make acquisitions to bolster their SCRM feature functionality.  Salesforce is a prime example of this with their acquisitions over the last few years of GroupSwim and Radian6.

We want to thank Kathy for taking the time to let us ask her the hard questions! Be sure to check out Part II of this interview tomorrow, and let us know what you think in the comments below!


How To Know When Your CRM Is Broken

Thursday, June 30, 2011 by Sidney Angelos

During the 1990s when customer relationship management or CRM was just beginning to be implemented in business processes, one of the biggest challenges was simply getting the corporate structure to use the tools and channels of communication effectively. Today, the evolution of the Internet, and its various channels, has increased the contents of the marketer’s tool box with more innovative ways to manage the business’s relationships with its customers.

The challenge with all the latest bells and whistles is to know when something is amiss. When does the company understand that their CRM efforts are not working, or being as effective as they might be?

Too many marketing executives wait to see the reports. Even on a weekly basis, the time it takes for the feedback to enter into the conversation may be longer than is healthy for regular, successful business operations.

Fortunately for today’s business marketing professional, in addition to a wide array of low cost, effective CRM applications, the employment of social media with the specific application towards customer relationships management can provide near real time feedback on the current state of CRM affairs.

In the past, sales was a direct indicator of how a company was doing. Though still true today, taking the time to wait for sales data, making a determination of response, and then implementing that response can take too much time.

With the use of social CRM tools and communities, the business can be more active in the direct interaction with its customers. When something goes wrong, the conversations usually start with the communities of users. Active company representatives continually monitoring the various social channels can be clued into the negative conversations within minutes, not the days, weeks or months of the past.

When it comes to monitoring the working efficacy of the CRM application in place, one of the best mechanisms is to simply ask ones customers how things are going. How has their experience with the company affected them?

Again, social CRM provides a number of tools that are both easy to use and relatively inexpensive as well. The following list briefly describes some of these tools, and how the savvy marketing department can use them to promote the company brand, while still providing top quality service to the customers:

Tools To Use In Effective CRM

  • Cloud CRM Applications: Cloud computing, or the hosting of applications on servers (or parts of servers) not wholly owned by ones company, can provide the business with effective, scalable solutions when it comes to providing quality relationships management. An effective indicator of shoddy CRM can be the over-burdening of in-house servers loaded up with various software applications required to provide acceptable customer experiences.By enlisting the help of instantly scalable software and hardware solutions, the business can do away with the excuse of technology as an inhibitor to the customer being treated fast and in good fashion.
  • Monitoring the Conversation: Knowing what is being said about ones customer is as important as being able to take quick action to remedy less than positive scenarios. In the past, this sort of continual around the clock monitoring simply was not possible.Today, however, with active use of social communities, the company is able to set up automated services which check any mention of a brand. Now, with dedicated individuals whose primary focus is spotting and reacting to the mention of its brand names, the conversation can always be heard.When others are speaking ill, social CRM provides a fast, easy, and low cost way to deal with the challenges. When bad things are spread about the brand, it becomes paramount for the company to address the problem head on, in good timely order, and with intelligent, compassionate solutions. Social CRM will provide the communication channels for this to happen.
  • Continual Content Creation: If the company is receiving a number of similar questions or complaints about some aspect of its operations, a clue might be picked up on that CRM is broken. Maintaining a database of the various questions asked easily leads to an FAQ page, or knowledge base of solutions where current and potential customers can find the answers they seek fast.
  • Setting Automated Notifications: As stated, people will talk about ones company and brands. In addition to the real-time conversations taking place within the confines of social communities like Facebook or Twitter, thousands of bloggers and other website owners publish new articles and blog posts every day. Many of them will talk about the brand that is important to the company in question.Search engines like Google have free, easy to use mechanisms in place to monitor a specific keyword or phrase and then email those references to someone in the company who needs to know what’s being said. Whether having an email delivered immediately, or on a daily or weekly basis, it is important to hear what is being said outside of the traditional social community venues.The quicker one is receiving this information, the faster a determination can be made on how to deal with it. For a large percentage of the conversations, simply logging into the speaker’s website and leaving an official, informed comment can make the difference between representing the brand well, and inviting further challenging criticism.

In a nutshell, if the paying customers are complaining about products, or the way they are being treated, one should know there are challenges with the CRM process. When the conversation is a bit harder to locate, extra efforts need to be employed in order to better deal with amicable solutions.

Taking the time to monitor the chatter, separate the noise from the legitimate concerns will be a win for the company in a number of ways. Existing customers like to know they are valued. They’ll tell everyone within their spheres of influence when the business goes out of their way to make the customer feel valued and worthy.

But customers will also tell their friends and associates when they’ve been done wrong. With today’s communications capabilities this bad news can spread much faster than wildfire.

Have you noticed that your CRM efforts are not working properly? What metrics did you use to come to this conclusion? Share with us in the comments below:


Creating Loyal Customers through Cloud CRM

Tuesday, June 28, 2011 by Sidney Angelos

 


Cloud CRM, or customer relationship management, applications are opening doors for increased customer satisfaction while simultaneously lowering a company’s cost of providing for those experiences. By creating environments where a business can quickly and easily implement software solutions, on infinitely scalable hardware platforms, the cloud computing providers have made for effective channels of two-way communications between the business and its customers.

Hosting a CRM application on a cloud platform makes sense for the business because it:

  • Greatly reduces costs. Original applications required dedicated servers hosted directly in data centers (for the best performance.) In addition to the tens of thousands of dollars required to pay for software licenses, the cost of purchasing and maintaining server hardware could become astronomical to the business.
  • Provides near-instant scalability. Things happen fast in today’s online world. Being able to fulfill demand by quickly creating additional server instances can spell the difference between success and failure.
  • Eliminate Need of Dedicated Professionals. Many of the current cloud CRM solutions are so automated and easy to use, the business using such solutions no longer need an IT professional on their own staff. With the wages now commanded by such trained professionals, this savings alone often times more than covers the cost of implementation and maintenance of the Cloud CRM solution.

With this establishment of what Cloud CRM is and why it makes sense, now let’s discuss a focus on how to use this new technology platform to create loyal customers.

Many of today’s tech savvy customers are quickly becoming used to having information about their purchasing habits collected by equally savvy companies. In order to get maximum use of the data collected, businesses are regularly implementing Cloud CRM solutions. With a little fore thought and systems design, even the smallest businesses might realize a number of benefits in providing superior customer service through the cloud.

What are some of those benefits? The following list will briefly describe the more effective ways the business can ensure a happy customer experience; one that has higher chances of being repeated.

5 Benefits To the Business Of Implementing Cloud CRM Solutions

Capture & Management of Customer Information:

If information is power, then the effective collection and management of customer data allows the company the power it needs in order to provide quick, easy and cost effective customer service. Cloud CRM solutions which make the harvesting of customer info its top priority should be at the top of one’s list when seeking a CRM solution.

Brand Recognition:

Whether employing social CRM modules in ones relationship management or simply taking advantages of cloud scalability, having low cost, immediate delivery of the company’s marketing message increases brand awareness, and does so at previously unrealized cost and effort.

Sales Cycle Management:

Even the simplest retail sales have specific sales cycles. Cloud CRM solutions provide the company with both customer data as well as meta data associated with how the customer behaves. Having immediate access to when a customer buys, what they are spending their money on, whether or not returns are happening, and if so, to what level, and more, can provide management with a more complete picture of the entire sales cycle. The use of that information in constructive and relevant manners could make the difference between increasing sales to existing customers and seeing quotas go unmet.

Ease of Delivery of Priority Customer Service:

Most customers want to feel they are the only thing important to the company. It can be a challenge to know which customer should be treated with priority and which ones should simply be respected, but not necessarily promoted to the level of those getting the very best treatment.
The harsh reality is that there are certain customers who pay much more to a business with the expectation of being taken care of. This does not, of course, excuse a company for ignoring or otherwise offending all of their customers, but with the information made available to the sales associates via a Could CRM solution, those who spend the most will be immediately identified and treated as the company wishes them to be.

Highly Personalized Service:

Even with the last benefit having been stated, one of the most alluring aspects of a business using Cloud CRM is the ability to personalize many of its interactions with its customers at little to no extra cost. Today’s computer power and Internet delivery speeds makes it very easy for a cloud based solution to present an employee with a massive amount of data when dealing with the current customer. Even in an online approach where the company provides the customer with direct access to their individual account information, the use of Cloud CRM solutions can provide a richer more robust user experience.

At the end of the business day, it is usually the customer’s purchases which make the company’s world go round. For a minimal investment in Cloud CRM technologies, the savvy business can provide for superior customer relationship while still holding down its costs of doing so. Happy customers tend to spend more money. They also tend to tell their friends, family and associates.


Faster, Bigger, Better: Growing Your Business with Cloud-Based CRM

Monday, November 8, 2010 by Sidney Angelos

Cloud Computing

Cloud-based customer relationship management (CRM) software provides businesses with flexibility for marketing, sales, and support teams. Because all of the company’s applications operate in the cloud—which is simply another term for the Internet—the applications can be accessed from anywhere. Sales teams may access CRM software in the office, from their Blackberry, or from a laptop at a remote location. Cloud-based CRM tools require only an Internet connection; each team member simply logs into their website and the applications instantaneously appear.
Continue Reading: ‘Faster, Bigger, Better: Growing Your Business with Cloud-Based CRM’


Application Development Platforms in the Cloud – Why Use Them?

Friday, November 5, 2010 by Jace Modavi

Rapid Application Development

Some have made the claim that application development in the cloud is like a new language for application development. I disagree. It’s more like an entirely different planet. Application platforms run in the cloud have tremendous advantages.

The cloud erases all the barriers between users and developers that were once imposed by the physical realities of computer hardware. The idea is something Plato would approve of. It’s as though the pioneers of software development were, even until now, only working on an imperfect physical product—a product which was, Plato would assert, a bad copy of a higher, purer process taking place in the heavens.
Continue Reading: ‘Application Development Platforms in the Cloud – Why Use Them?’


Effectively Manage Your Marketing Campaigns with Marketing CRM

Thursday, November 4, 2010 by Sidney Angelos

Effectively manage your marketing campaigns with marketing crm

The foundation of a successful business is good customer relationships. And the way to build and sustain good customer relationships is with marketing customer relationship management, or CRM.

CRM provides a 360-degree view of customers and all of their interactions with your company’s various departments, from sales to the help desk. By utilizing CRM applications that run over the Internet, you—and all the employees whom you authorize—can view an up-to-the-minute snapshot of your customers. Additionally, CRM allows data that can be concisely gathered and prioritized to give a company a good handle on marketing approaches to use to gain sales with those customers.
Continue Reading: ‘Effectively Manage Your Marketing Campaigns with Marketing CRM’


10 Reasons why Cloud Computing is the Wave of the Future

Wednesday, November 3, 2010 by Sidney Angelos

Cloud Computing

Cloud computing refers to data storage and workflow-related software programs that are accessible from anywhere using a computer or other device with an Internet connection. Rather than the old model of on-premises server-based computing, in which companies stored all data and ran all programs from massive servers that had to be housed, cooled, maintained and upgraded, cloud computing lets you essentially outsource this hosting capability. And rather than purchase expensive software and licenses, with cloud computing you can choose applications from online libraries or have custom apps developed to meet your company’s specific needs. Software is evolving from discrete, stand-alone programs into an accessible Internet-based service; it’s even sometimes called “Software as a Service.”

Let’s look at the top 10 reasons why cloud computing represents the future of computer networks.
Continue Reading: ’10 Reasons why Cloud Computing is the Wave of the Future’


Get More Out of Your App with Custom Application Development

Tuesday, November 2, 2010 by Jace Modavi

Application Builder

As the owner or executive of a business, you naturally want that business to thrive. In today’s economy, it can be a tough act to pull off, but help is available by turning to custom application development. Whether you want a system to track potential and existing customers, a website that will make it easy to order your products and services, or both, custom applications as part of a comprehensive customer relationship management (CRM) system gives you the competitive edge.
Continue Reading: ‘Get More Out of Your App with Custom Application Development’


Get the Most Out of Your Call Center with CRM Software

Monday, November 1, 2010 by Sidney Angelos

Customer Service

Do you think of your call center as a business necessity? Or do you consider it a competitive weapon. Companies who view their call center operations as only a necessary part of conducting business are missing one of the best and least expensive ways to improve not just the bottom line but the top line also. Call centers are a wealth of information and are rife with opportunities for improving customer relationships, enhancing customer satisfaction—and increasing customer sales.

Traditional call centers were created to handle the increase in customers that technology helped to enable. As businesses grew and technology allowed them to reach beyond their immediate localities, companies added more and more customers, which, in turn, created the need to respond to their questions and issues. Initially, call centers were small and simple, consisting of agents, phones and terminals connected to rudimentary databases.
Continue Reading: ‘Get the Most Out of Your Call Center with CRM Software’


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