The one great lesson Ive learned about CRM/eCRM thus far is that it
is more philosophy than technology. Yes, technology plays an important
part in the process of providing world-class CRM, but without the proper
business plan, all the technology in the world wont help you keep your
customers or acquire new ones.
There are many ways to boost your customer relationships. The best way
to find out what is effective for your company is to survey your customers
frequently to discover how you are doing and where you can improve. Many
times, third-party surveys are helpful. I recently read a survey from
the Polk Company targeted at the automobile
industry. I found it to be an excellent example of the proper way to get
good customer feedback.
Polks study analyzed the impact of automakers CRM achievements as
they relate to the purchase of new vehicles. The first part of Polks
survey ( Figure 1 ) focused on what CRM activities were
apparent to customers prior to their purchases. These are initiatives
that automakers and dealers are taking to ensure their customers loyalty.
What I find most interesting about this survey is how well customers
remember what actions the automaker and dealers took to keep them loyal.
The average recognition rate is approximately 75 percent! This is an impressive
figure and proves that customers remember the little things you do to
maintain your relationship with them.
The results from the second part of the survey highlight customers
feelings on what affected their purchase decision the most. The most important
item to customers was the provision of a toll-free number to field their
questions. Regular contact with your audience is crucial. One-third of
the decision-making process is affected by seemingly insignificant items
such as the availability of a toll-free number or the receipt of regular
newsletters. Car buyers seem to appreciate close contact with the companies
that manufacture their vehicles and enjoy receiving correspondence and
updates on a regular basis.
What I like most about these surveys is that they target the less obvious
aspects of CRM those not involved in immediate customer satisfaction.
What I gather from Polks survey is that major purchase decisions, such
as automobile purchase decisions, are influenced by something as simple
as receiving a personal letter. Customers appreciate and recall simple
courtesies.
As a customer myself, I know this is true. About a year ago, I had the
pleasure of flying on Southwest Airlines for the first time. In one day,
I was a passenger on three of their short flights within Texas and I still
remember that the service was superior. I fly a great deal and I had never
before experienced service of the caliber of Southwests. Although this
was only a single days worth of flights, I look forward to the day when
Southwest begins offering service from the airports close to me.
So remember, experience tells us that the little things are the most
important when it comes to CRM. If you lose sight of the details, you
will never get the big picture right.
Your Guide To The Communications Frontier: Communications Solutions
EXPO
The last CTI EXPO, held this past December in Las Vegas, heralded
the beginning of a new era on two fronts. First, it ushered in the end
of the millennium. Second, it was the last time our event was to carry
the CTI EXPO banner. In the new millennium, our conference and exposition
will be called Communications Solutions EXPO.
Aside from standing on the verge of a new era, I was overwhelmed to
find that CTI EXPOs conference attendance had doubled to well over
1,200 total attendees in just one year. Agog, I couldnt help but survey
the attendees, who explained that they decided to participate in CTI
EXPO because they perceived that TMCs expositions are objective and in-depth,
and dispense with the hype that is all too familiar at many other shows.
We attribute this perception to the fact that TMC conferences are designed
by the editors of TMCs publica tions (Communications Solutions,
Internet Telephony® and C@ll Center CRM Solutions)
as well as the engineers of TMC Labs. It is the industry knowledge of
these editors coupled with their longevity in the industry three members
(including myself) go back over 18 years that contribute to an unusually
powerful conference program.
Since the designers of our conferences stay on top of the latest technology,
our conference programs are always state-of-the-art. And, since our mandate
has expanded as technology has evolved, we feel we should emphasize that
our new name, Communications Solutions EXPO, more accurately describes
the types of products and services on display in the exhibit hall. The
response to our new name has been extraordinarily positive and we look
forward to staging our next event and officially inaugurating Communications
Solutions EXPO in Washington, D.C., on April 2628, 2000. If you
register online today at www.comsolexpo.com,
you will save the $50 entrance fee charged at the door for exhibit hall
admission.
We realize you are busy and your time is precious, so we have dedicated
ourselves to constructing a conference program so comprehensive, you are
guaranteed to learn more from Communications Solutions EXPO than
any other industry event. We believe in supplying you with the most rigorous,
noncommercial conferences and imparting the most relevant and readily
assimilated information to make it easier for you to integrate the information
you need into your own corporate strategies.
Given the gratifyingly high level of interest in our conference program,
we will soon post the full conference program on our Web site. In the
meantime, I will list two of the nine conference tracks, summarizing what
I feel are very appealing sessions. For a full description of all of the
Spring 2000 conference sessions, see the brochure between pages 32 and
33.
E-Sales E-Service Solutions
- Dot Com To Income: Turning A Profit In The Internet Channel.
Online, your competitors are just a click away. This session will cover
whats needed to compete and win in the e-marketplace.
- Foiling The Hackers: Implementing E-Commerce Security. Studies
show that the average e-commerce site is so non-secured a teenage hacker
can collect personal information in less time than it takes to make
an online purchase. Learn how to safeguard both your company and your
consumers.
- Helping Customers Help Themselves Through Better Web Site Design.
A well-designed Web site provides potential buyers with all the information
they need, offering customer service and increasing sales at very little
cost. Find out how the most successful e-commerce ventures help customers
help themselves.
- Why You Need Chat And Instant Messaging On Your Companys Web
Site. Properly implemented, chat and instant messaging capabilities
can take the place of expensive toll-free telephone calls. Learn about
the available products and the features and functions served up by these
essential e-service solutions.
- Listen To Your Customers: Using Feedback To Improve Sales.
Want to know why two-thirds of your e-shoppers never complete their
transactions? By listening to your customers concerns, you can better
understand how to implement changes to make them happy and see your
sales rise. Gain valuable insight on how to design effective survey
and polling campaigns to learn as much as possible from your best advisors
and critics your customers.
CRM Solutions
- Using Knowledge Bases For Better CRM. This session will examine
the techniques and technologies for connecting your companys touch
points to your corporate knowledge bases, ensuring that everyone has
access to the same information. Access to the right information doesnt
just mean more power it means better customer service.
- Technologies And Techniques For Data Mining And Warehousing.
Where is that information you need to make the sale, qualify a prospect
or resolve a customers problem? You know its theresomewhere. This
session will focus on the database tools and resources available that
allow access to information by the people who need it.
- The Nuts And Bolts Of CRM. CRM is more than software: Its
a way of doing business. This session will discuss which departments
are involved in CRM, how to change your business processes for successful
CRM and which technologies will help you implement an effective solution.
- Using CRM To Target Your Best Prospects. Learning to use feedback
and statistics from phone calls, Web site surveys and customer e-mail
can help you get the information from your customer contact points to
your marketing department and better develop one-to-one marketing campaigns
that keep sales in the loop.
- How To Use Web Portals For Improved CRM. The Internet is the
perfect medium to provide personalized information not only to your
customers, but also to your sales and support staff. Find out how Web
portals can take advantage of existing systems and provide timely, targeted
information for both customers and staff.
- How CRM Can Reduce Customer Churn. Its a simple truth: you
need to understand what your customers want before you can give it to
them. Youll learn how to provide a consistent message and quality service
across all customer interaction channels within your organization.
- Implementing CRM Systems: Turnkey Or ASP? Endless upgrades,
systems integration charges, IT staff nightmares these are some of
the problems involved when adapting piecemeal CRM components from different
vendors. Examine the pros and cons of using an all-in-one integrated
system versus outsourcing to an application service provider.
Sincerely,
Rich Tehrani
Group Publisher
rtehrani@tmcnet.com
Figure 1
CRM EFFORTS EXPERIENCED
PRIOR TO PURCHASE*
|
Action Taken |
Percentage of customers experiencing
activity |
|
Coupons for discounted service
from the dealer |
81.0 percent |
Maintenance reminder letters |
79.1 percent |
Personalized letters from
the vehicle manufacturer |
76.3 percent |
Owner magazines |
72.6 percent |
Personalized letters from
the dealership |
66.9 percent |
Source: Polk. *First
Six Months, 1999 Model Year.
Percentages include those strongly or somewhat influenced.
|
|
Figure 2
THE
FIVE MOST INFLUENTIAL CRM EFFORTS*
|
Activity |
Percentage reporting activity
influenced purchase decision |
|
Toll-free numbers for questions |
36.5 percent |
Personalized letters from the dealership
|
35.8 percent |
Owner magazines |
34.4 percent |
Promotional fliers from the dealership
|
34.0 percent |
Newsletter from manufacturer |
33.0 percent |
Source: Polk. *First
Six Months, 1999 Model Year.
Percentages include those strongly or somewhat influenced.
|
|
|