Maintain your existing customers
CRM is used to maintain and develop your loyal customers, rather than spending resources on acquiring new ones. This will often be an economic advantage because the cost of obtaining a new customer often exceeds the price for satisfing an existing one.
In many industries CRM is seen as marketing directed at existing customers, ie. as a control of the traditional marketing.
A CRM system can give you the following benefits:
- A decrease in the total cost
- Increased quality and efficiency
- Improved basis for decisions
- Increase your attention to your customers
- Optimizes profitability
- Improved product