Marketing
Certificate in Customer Relationship
What this infographic shows
In the commercial world, the importance of retaining existing customers and expanding a
business is paramount. The costs associated with finding new customers mean that every
existing customer could be important. The more opportunities that a customer has to conduct
business with your company the better and one way of achieving this is by opening up
channels such as direct sales, online sales, franchises, use of agents, etc. However, the more
channels you have, the greater the need to manage your interaction with your customer base.
Customer relationship management (CRM) helps businesses to gain an insight into the
behaviour of their customers and modify their business operations to ensure that customers
are served in the best possible way. In essence, CRM helps a business to recognise the value
of its customers and to capitalise on improved customer relations. The better you understand
your customers, the more responsive you can be to their needs.
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