Marketing & customer relations: best practices
Resources
Customer relationship management has become a major focus of the commercial and marketing departments of most companies. Businesses are increasingly understanding the importance of improving the customer journey and user experience (UX) to deliver high customer satisfaction rates, help maintain good relationships, stay competitive, and ideally, increase their sales and profits. In fact, everyone benefits from implementing best practices in customer relationship management: the business benefits, the customers benefits, and so do employees, particularly those in customer-facing roles.
Definition of relationship marketing
Relationship marketing is a set of marketing strategies, practices, and actions implemented to help establish, maintain and improve relationships between brands and customers over time. By following this definition, relationship marketers and CRM (or customer relationship management) seeks to create lasting relationships and retain customers over the long term – a CRM strategy is an investment, and never a quick fix. It’s a proactive tactic as opposed to a reactive one.
This marketing strategy encourages companies to focus more on their customers by understanding their needs and desires through the data and information they’re able to collect through various interactions. By doing so, you can create strong relationships with your customers, which ultimately leads to better sales and more profitability – it is, afterall, far easier to retain a customer than it is to attract a new customer.
Implementing effective relationship marketing may seem complicated at first glance. However, thinking about how to create strong relationships with your customers makes sense when considering its impact on your bottom line. Ultimately, by creating a viable relationship with your target audience, you increase both sales and customer retention.
Best practices for maintaining a good customer relationship
CRM is still one of the most overlooked aspects of business, yet, if done correctly, it can make or break your company. In general, a successful and effective digital marketing and communications campaign must focus on establishing a solid relationship with targets and prospects. This allows you to understand the needs and wants of your customers, and will help you create products and services that will effectively meet those needs.
Establishing good relationships with your customers then creates an atmosphere of trust in your brand. Since the goal of a relationship marketing strategy is to build lasting customer loyalty, it can lead to increased sales and profits over time.
A great way to maintain good relationships with your customers is to provide them with excellent service and after-sales service – you should always be looking to provide solutions to their problems, but also to accompany them throughout their journey with your company.
Here are some tips on how to optimise your customer relationship marketing strategy:
1. Be transparent with your customers
Transparency and honesty are the foundations of any good relationship, and the same goes for customer relationship marketing and customer relations more broadly. If a brand doesn’t tell its customers exactly what it does, how it does it, and why it does it, as well as the important information about a product or service, it has no chance of building a solid relationship and to satisfy its customers.
2. Learn to communicate well
Communication is the backbone of any successful business. Customers and prospective customers are increasingly connected, meaning it’s essential to master different digital tools and social networks to help your business communicate its messaging more effectively. This could be through a number of channels, but will most certainly involve some marketing automation to improve your efficiencies and best spend your resources and creativity where they can have the greatest impact.
Regardless of the different communication channels you choose to use, and the strategies in place, for your customers to be satisfied, you must communicate effectively and regularly with them.
Marketing storytelling strategies are particularly powerful tools for communicating your information and messages. By telling a story, you can convey positive emotions and complex ideas in a memorable and engaging way.
3. Stand out from your competitors
All these tips are important, but this one’s really, really important, and deserves extra focus. In today’s highly saturated marketplace, unless you’ve just invented a new product that’s going to retire the wheel and sliced bread as the cultural touchpoints of what constitutes a landmark invention, you need to stand out in both your marketing, and in the customer experience that gets associated with your brand. This is where the use of gamification – the application of game mechanics to make everyday tasks and processes more fun, can make a real impact.
Gamification is an excellent digital solution that allows you to engage and retain your customers in a fun, interactive, and memorable way. When gamification is used to improve the customer relationship, the objective is to increase customer engagement and loyalty by offering them unique and personalised experiences. These marketing games can not only make your products and services stand out to your target audience, and generate engagements on social media by being more appealing, participatory, and interesting, but can also be used to gather data and valuable information, to better inform your strategies going forward.
Implementing a gamification strategy as part of your customer relationship marketing could play into a larger digital transformation, as gamification will improve user engagement across internal audiences just as effectively as it will across external audiences.
4. Listen and be responsive
From the beginning to the end of the buying journey, listening to and analysing customer-generated data is the best way to get to know your audience. Comments and opinions on your products or services are first collected by your customer service team. Using this data, the marketing division can more accurately create buyer personas for your businesses to more effectively target and segment your audience.
Rethink your approach to CRM
An effective customer relationship marketing strategy is essential for companies looking to stay competitive, innovate, and grow, because it helps build trust between customers and brands. To do this effectively, a company must understand its customer base and what they are looking for in order to adapt its products, and its customer experience, to their evolving tastes and expectations.
Once a business understands these elements, they can use them to follow their business plan and create effective, interactive content that can help them build mutual trust with their customers in order to improve conversion and retention rates.
Want to know more?
