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Thursday, 10 July 2014

Social CRM: new frontier in business domain

7/10/2014 12:24:00 pm

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These days, the term ‘Social CRM’ is becoming very rampant. Every CRM service provider claims that the offerings section has widened with the integration of social media with the CRM strategies. In fact, many has famously said that ‘Social CRM’ is considered as the next frontier for companies looking for growth and also aim to optimize the social interactions power in an effective manner to get closer to the clients.

As the social media usage has reached an all-time high, businesses across the globe are facing the heat to reach the clients via this popular medium. In the current times, the street corners is becoming virtual that can be accessed inside a social media app or networking platforms.

But the big question which arises now is that if the customers are also anxious to increase their engagement with the businesses since the current atmosphere is defined by the client control.

To understand the consumer sentiments, a survey was undertaken by LeadPrime for over 1,000 clients all across the globe and also interviewed 350 executives. It was revealed in the survey that more consumers are looking for CRM companies that enjoy presence in social sites to get connected to their brand. Moreover, more clients are eyeing for bringing tangible value, which hinted that businesses may be confusing their personal liking for client intimacy with the customer’s desire for engagement. This is where the true relevance of a Social CRM comes to the fore.

Furthermore, social media enjoys good potential for organizations to become close to their clients, which eventually helps in raising the revenue, lower the cost and efficiencies. It has been found that more businesses are displaying inclination to take up social media for developing virtual communities but at the same time creation of intelligent social commerce programs, that later helps in bringing improvement in customer care services and also streamlining of client research.

With the huge potential to increase their gain, more firms are required to provide both the existing and prospective clients a reason that will make them reach out to companies through the social media.

More organizations need to understand and also completely exploit the potential of social media. Companies are required to develop experiences and also offer tangible value in regard to client’s time, attention, interest, etc.

Many also say that the complete blend of social media and CRM helps any brand to completely listen to your clients more than ever before. It also helps strengthening the traditional CRM by listening and making quick engagement by keeping a tab of the new leads from the Facebook and then moving them into your sales funnel.

Here are few of the important points to take account of when considering social CRM –

- Social CRM is a ‘strategy’ that enjoys the support from different tools and technologies. It is completely based around client engagement and interactions held with them.

- It is possible to say that social CRM is an evolved CRM which means that it is meant for handling back end process and system for easy and hassle free management of client relationships with the data in a process centric manner.

- Social CRM will hold different level of interest for different companies. The main aim should be to understand and also solve the different business challenges.

- Social CRM helps in developing a social and collaborative business, externally and internally both.

Now, take a close look at few of the tips for attaining social CRM success -

- Ensure that a ‘good platform’ is available for conducting social CRM
Selecting a comprehensive social media management platform with good listening, monitoring and engagement capabilities is the need of the hour. Also, the social platform should be able to integrate with the different client touch points such as sales, marketing, service, etc.

- Availability of right resources 
It is believed that a common approach to social will help put the marketing and sales teams perform in the best possible manner and also solve specific problems.

- Identifying and engaging social influencers 
Social media tools can prove fruitful in identifying those people who are able to push the most conversion about your brand.

- Talk more often to your clients  
If you want to create a social media presence, ensure that you are engaged in a two-way conversation with the clients.

- Give timely response to your customers 
Engaging with the clients as fast as possible is needed. If they have a particular query, quickly respond to them.

- Company’s social media message should be in line with the brand image 
Ensure that your clients feel that they are talking to a human face but at the same time, company’s message should not get lost.

- Centralization of client related information 
Having a common platform where all communication with your existing and prospective clients is available helps in fine tuning of the business.

As ‘social CRM’ is slowly but steadily becoming a rage in the business domain, it is good that such a solution provider is selected that can be easily integrated with the company’s different functions easily.

The article is also available at http://www.basearticles.com/Article/4282/Social-CRM-new-frontier-in-business-domain.html

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