Professional certification in customer relationship management training (CEM) can provide key employees with the skills and expertise to excel at retaining current customers. Considering that the cost to gain new customers is substantially higher than keeping previous ones, developing and maintaining positive relationships is essential to a business's bottom line. Many firms offer customer relationship management consulting seminars, workshops, and programs that can be specially tailored to an individual company's specific needs. In fact, analyzing the company's current marketing and sales efforts may be the first step that management will want to take. An objective look at past and current marketing campaigns and sales performances can reveal any weaknesses in the company's customer retention and loyalty policies. Armed with this information, the management team is better equipped to select a firm that offers the right mix of programs to address the weaknesses. The training may come in a variety of formats. The management team will need to assess whether it's best for the employees needing the training to receive it at their job location (on-site) or to attend a hosted event at an off-the-premises location. By setting customer relationship management training objectives, the management team sets criteria for determining the best, most cost-effective program. An on-site program may include an entire sales force and provide an opportunity for on-the-job teaching. Another option for department heads to consider is train-the-trainer workshops. Whether on the premises or at an off-site location, this type of program instructs a few employees, or perhaps only one, who can then in turn present the information to his coworkers. This is a cost-effective means of providing instruction, especially to a large staff.
Most customer relationship management consulting experts agree that businesses must focus on the consumer's needs and wants to achieve success. This goal may be reached in various ways, but might include such factors as understanding consumer segmentation, competitive differentiation, and procedures for exceeding customer expectations. Consumer segmentation means that the business targets a relevant demographic niche for each product. Through market research, the ideal buyer is identified. For example, greeting card companies know that most greeting cards are bought by women. Luxury car dealers know the approximate age and income of their ideal buyer. When precise demographic information can be identified for a particular product, the task of creating an exciting advertising campaign that promotes the product to that ideal target consumer becomes much easier for the marketing department or advertising agency. Competitive differentiation focuses on the differences between a business's products and those of its competitors. The marketing campaign can highlight those differences to the selected target audience. For example, an online children's clothing store may promote free shipping for orders over a certain amount. A competing shop, to stand out from the crowd, may highlight a liberal return policy. Any of the businesses in these examples, to be successful in retaining customers, will strive to exceed expectations. Perhaps some type of frequent buyer reward program will be instituted or consumers may be given the opportunity to sign up for email alerts of upcoming sales. By providing these extras, a business can stand apart from other competitors and generate consumer loyalty.
Entrepreneurs with strong marketing or sales expertise can find their knowledge in great demand as they establish customer relationship management consulting firms. In addition to innovative seminars and workshops, these go-getters often provide coaching and mentoring services that can help a company's key stakeholders in implementing and fine-tuning consumer loyalty and retention policies. With proper planning, these policies will have many positive outcomes. Depending on the identified weaknesses (if such an analysis occurs), the customer relationship management training may be designed to accomplish such objectives as increasing employee productivity, increasing referrals, or increasing revenue. As these factors are often interrelated, tactics for boosting one of them may overflow to the others. Well-trained and competent employees who are knowledgeable about the company's products will do a better job of helping potential customers see the benefits of that particular product over those of any competitors. Satisfied customers often feel comfortable recommending competent sales professionals to colleagues and associates. After all, Scripture says: "Ointment and perfume rejoice the heart: so doth the sweetness of a man's friend by hearty counsel" (Proverbs 27:9). When satisfied consumers return to a favorite business, and bring along their friends, that bottom line number ends up looking pretty good for the company.
Additional customer relationship management training for key employees may consist of using technology both for instructional and tracking purposes. Online courses may be devised that provide information to new employees on a company's history and corporate culture. Key policies and procedures can be reviewed and the employee can be tested on her understanding of the information through using specially created software programs. Other software programs can be used for the sales team to track the leads and contacts that they cultivate and the sales that they make. With the software database features, past sales records can be accurately compared from one month to the next. Quarterly and annual reports can be created that will provide important data on the purchasing history for key clients. Other relevant information may be created and analyzed that will assist the company's management team when it comes to making key decisions on employee performance reviews, the effectiveness of certain sales techniques, or perhaps the success of a carefully crafted marketing strategy. Professionals with customer relationship management consulting expertise can assist businesses in many different ways to target and retain targeted consumers for their products so that revenues increase over time.
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Thursday, September 18, 2008
Customer Relationship Management Training
Posted by Leo Star at 9/18/2008 06:59:00 PM
Labels: Business Training
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9/18/2008 06:59:00 PM
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