7 Tips to Strengthen Customer Retention with Dynamics 365
by Scarlett Jonathon Head of Marketing at DynamicsSmartzWith the overall cost of
acquiring new customers many times higher than serving existing clients, it is
no wonder that retaining customers is at the heart of CRM for most
organizations.
Every business needs new
customers, but once you close deals, retaining as many of your clients is
important. To convince potential buyers to try your services, advertising
and other means can be leveraged with a likelihood of success as low as 5%.
Potential buyers have
already bought from you in the past, so there is a greater likelihood that they
will make fresh purchases. Current clients are up to 70 percent more likely to
purchase again.
These days, when customers
have so many choices at their disposal, it is important the quality of service
that your customer demands. Even a small increase in customer retention will
boost the profitability of a company.
Customer loyalty doesn't
just happen. Each client has several different requirements, so it is crucial to
have a well-planned strategy.
Existing clients also refer
your business to others, bringing in more customers. Retention is crucial for
business success, so how can you retain more clients? Here are some ways Microsoft Dynamics 365
can help:
- Garner
Visibility
When
a customer reaches out to you via phone email or visits your website or social
media, the person or team overseeing the relationship needs to be
acquainted with the history of the customer. A customer comprehensive view of
what has happened to the client paints a complete image and can help strengthen
the relationship.
Dynamics
365 users can usually find details easily, thanks to an intuitive Microsoft
Office-style interface. Dynamics 365 provides direct access to all applicable
customer information in the enterprise, so consumers will not have to repeat
the same details to each new individual that communicates with them.
2. Personalized Communication
Personalization
goes a long way in preventing frustration and easing resolution. Personalized communication
can help your business build customer satisfaction and loyalty.
Dynamics
365 provides access to information in the records of each customer so that
users can tailor their messages and responses accordingly. Users can draw on
information such as past interactions, purchase patterns, preferred products
and services, successful marketing approaches, and other useful information
that the organization chooses.
3. Rapid Response
Whenever
customers encounter any problem, they want to be able to contact the company at
the earliest and get the problem solved quickly. If you acknowledge customers
that their request has been received and someone is working on it,
dissatisfaction drops dramatically.
By
specifying the routing rules in Dynamics 365, users can ensure that multiple
people in the company can view and manage the support request. Dynamics 365 Web
portals allow you to send a support ticket to customers; workflows can be set
up to generate an email acknowledgment to inform the customer that their
request has been duly received and will be addressed at the earliest.
4. Increase Account
Value
Identify
customers in your database that you haven't engaged with in a while and target
them with compelling offers to re-engage. It is crucial to interact with
customers that you haven’t engaged with in a long time; it is also one of the
best ways to boost sales.
Remember
your services, understand why they haven't recently done business with you, and
communicate that you still value them. This often results in some immediate
opportunities and improved customer relationships.
5. Proactively Stay in
Touch
To
send customized messages that convey news, deals, events, and other related
content, link Dynamics 365 to email marketing, such as ClickDimensions or dotMailer.
Use email reports to evaluate individual responses through email openings and
click analysis to assess interest and send increasingly targeted
communications.
6. Deliver Exceptional
Service
Using
case management tools to monitor customer complaints, including process
automation, to ensure visibility of unresolved customer service products.
Dynamics 365 helps you transform service delivery by utilizing knowledge
management, case routing, and queue features.
7. Assess Service
Performance
Use
Dynamics 365 dashboards or Power BI to review the performance of service
delivery and identify areas for improvement. Use metrics to identify recurring
support or service problems, or assess what percentage of issues are being
resolved in a single call.
Dynamics CRM offers many advanced functionalities that
can help an organization in retaining its customers and boost its future
revenues, but the organization needs to use these functionalities efficiently.
Use Microsoft Dynamics 365 to keep clients loyal and coming back for more.
For
more than a decade, DynamicsSmartz
has implemented comprehensive customer relationship management (CRM) systems
designed to help companies leverage technology to build better customer
experience. In addition to helping clients tap into Microsoft Dynamics 365's
outstanding CRM tools, our seasoned professionals can help you build a strategy
for increasing customer retention.
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Created on May 12th 2021 05:52. Viewed 421 times.
Comments
Pranab Bhandari Content marketing Manager
Great article. Thanks for sharing! Jun 25th 2021 04:13 1 Likes |
Very well written:) Thanks for sharing!
May 12th 2021 23:49 1 Likes