CRM for Online Retail Business: Top Benefits

CRM for Online Retail Business: Top Benefits

  July 21, 2020    Olly

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Today, the concept of shopping has dramatically changed. More and more people are buying from online retail stores. This might be due to various reasons, such as the convenience of buying things from home, saving valuable time, offering free shipping, providing an easy way for customers' to compare prices among various online retail stores, presenting customers' with less product prices when compared to the products available in physical store, and much more.

Have you ever purchased any products from an e-commerce store? How often do you purchase? What are your buying experiences? Are they delivering products on-time? How is the product quality? Is it good? Does your retail store offer customer support services? Are they quickly resolving your complaints and issues after the post-purchase? At a point of time, every customer, who purchases from an e-commerce store, will come across any one of these questions.

However, in this technology-driven day and age, the e-commerce industry is booming and growing rapidly. There are several industries that are coming up with online retail store ideas to attract a new stream of digital customers' to their businesses. But how can your business attract online customers' without having a proper strategy?

Utilize Customer Relationship Management (CRM) software to streamline all your online business activities, provide top-quality tailored customer experiences, as well as effectively manage the retail customer relationship.

Here are the top benefits for your e-commerce store if you invest in a CRM solution today:

1. Automate Repeated Workflows

Previously, sales people used to waste their valuable time sending follow-up emails to clients and customers' instead of focusing on their core sales operations - selling. Now, you can use CRM system to automate the repeated work flows such as sending off follow-up emails, as well as tracking the buyer's online activities.

For example: Your customer has recently purchased a smart phone from your store. Immediately, after the purchase you can use CRM system to send an individualized thank-you e-mail. After a week, you can use your CRM solution to automatically send a proposal list of smart phone accessories to your recent smart phone buyer. In addition, you can define an alert system focusing on customers' who are leaving your online store without purchasing anything. Use CRM system to track your lost customers' activities, monitor interested products, and the browsing history of your lost customers' in order to send them the relevant products with discount prices.

2. Understand Online Customers' Needs

In this highly competitive business environment, it is imperative for businesses to have a full-blown picture of its customers. Use CRM system to automatically track and monitor your web customers' current needs, interests, tastes, preferences, age, income, demographics, past communications, buying histories, etc. The system then records all the customers' analysis in the centralized CRM database. This analysis along with up-to-date records on each customer will help the marketing, customer support, and sales team to improve their productivity as well as boost their efficiency. Additionally, tracking your customers' online social media activities will enable you to take note on your current customers' needs and buying preferences.

3. Boosts Positive Customer Experiences

CRM is an invaluable tool for online retail stores to keep track of their lost customers, detect and prevent the fraudulent transactions, and provide an easy checkout process. It will help you by providing the right information to your online buyers. For instance, if one of your online customers has asked you the question, "Where is my current order status?"

Then, you can use CRM system to provide your customer with an immediate response. In CRM software, you can track the intuitive order status as well as the comprehensive history lookup of your customers'. The data obtained from your CRM system will help you in providing accurate status information, which can "wow" your customers and foster an overall positive customer experience.

An e-commerce CRM system is helpful for businesses by facilitating every-day tasks, increasing visibility into the selling process, establishing more personalized shopping experiences, and driving a higher number of sales. Effectively utilize the solutions of the cloud-based CRM system to generate the maximum profits for your online retail store.

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