Small Business Financing: Why CRM Tools can be Good for Growth

by / Thursday, 08 May 2014 / Published in Small Business Financing

small business financing

CRM (Customer Relationship Management) is an essential part of running any business, no matter what industry. How business owners approach their relationship management will of course vary greatly from industry to industry, and even on the basis of one business to the next. That being said, after growth, especially rapid growth that leaves your business in a dramatically different position than it was even a few months ago, taking the steps needed to create some standard, safe procedures for recording data and satisfying customer requests is in your best interest and can help you maintain and continue on an upward trajectory.

After a tipping point in sales volume, handling the information manually can be tough. CRM tools can help your business to manage the data you record related to consumer interactions, giving you a clearer and more easy to reference picture of what it is that your business is doing. This is an important part of managing customer service requests, since the faster and more reliably you are able to access the data, the better.

Small business CRM also means managing social media interactions. Tools like Hootsuite can be employed to get a better view of how to manage social media interaction with your customers. Social media can be a great method of keeping in touch with your customers, but only if you make the effort to engage them and respond when they reach out to your business directly. Social media CRM requires real attention, but with the tools that are currently available.

The more your customers feel satisfied by the services that you provide, the better it is for your growth. Customer service is a powerful calling card for any business, and can be a great catalyst for extremely powerful word of mouth referrals. Investigating which CRM tools can benefit the specific needs of your business is a strong way for small business owners to improve their image and the level of support they are able to offer their customers.

Photo Credit to Alan Cleaver on Flickr

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