Application of CRM software in E-commerce: Increase sales with better Customer Management - Kapture CRM

1. APPLICATION OF CRM SOFTWARE IN E- COMMERCE: INCREASE SALES WITH BETTER CUSTOMER MANAGEMENT If you are in E-commerce business, achieving higher traffic and more purchases are likely to be your primary objective. And, this is more than enough to make your head spin. Besides, you have to deal with thousands of issues related to shipping, delivery, product return, customer queries, product disputes, so on and so forth. The market transformed dramatically in the past decades. We are now in the power era of consumers. Today customers have hundreds of options available online.36% of online customers spend more than 30 minutes deliberating before a purchase.

2. You can reasonably assume that this time goes into making price and product comparisons you’re your competitors. So, the competition is on the pick. Customers are positioned to decide which company will thrive and which one will bite the dust in the market melee. A CRM software recognizes customers as a significant asset of the company and maintaining strong customer relationship should be the fundamentalcourse for any business. Measure all the incoming Data to understand your customer

3. By integrating a CRM platform, you can record and structure all sources of customer information. This includes purchase history, preferences, geography etc. AnE-commerce CRMcan help you maintain this dynamic data that relates to all consumers. This includes address, phone numbers, purchases, delivery data, and mode of payment, refunds and many others. A CRM makes it easy to reply over any customer queries on shipping, delivery and product return. CRM can greatly improve your efforts to manage customer data, once they have signed up, ordered, or bought from the site. With solutions like notifications, discount alerts, and updates for order tracking and shipping – you can see how bulk text messaging has a place in theCRM system. It’s possible to record all the updates of interaction with customers. So, the customer service executives can track the enquiry or instantly catch up with any customer communication. Live Chat Facility with CRM Software Sometimes product descriptions are not enough to convince the customer to make a purchase.57% of the visitors reported abandoning a site due to lack of information. While 88% of customers said that a live chat facility made their digital experience better.

4. A live chat option helps you harness the initial interest into a definite purchase. This includes instant response to customer queries and thus reduce exit rate of traffic. You will also be able to make more appeasing product suggestions to the target audience. Personalized Offers Based on Buying History Now, what is personalization? People generally use this term while giving people a customized shopping experience based on their buying behavior, interest zone, demographics and psychographics. CRM softwarehelps you gather valuable information about customers’ buying history, so that you can understand their interest areas. By tracking the purchasing pattern, the source through which they entered and how many time they have entered, you can offer shoppers personalized discounts, suggestions and deals.

5. For example, consider that you have a grocery shopper, who frequently purchases fruits. By segmenting a personalized email that advertises new stocks or product discounts, you can instantly increase the response rates. Similarly, you can suggest new released thriller books by sending personalized mail to a thriller lover. An online book store can advertise a personalized discount on Dan Brown’sAngels and Demons, which could potentiallyinspire him/her to make the purchase. If you know a repeat visitor has checked a particular product/service, you can entice further action by presenting a voucher or discount coupon to enhance loyalty. According to a survey conducted by Experian,61% of brandsare now using personalized esperience to build customer loyalty. Initiate After-sales Customer Engagement Customer retention is a vital component of after sales service. With all the required information available on your fingertips, you can provide better service after sales. You can now not only address shopper concerns regarding orders, product information and inventory, but also increase sales by recommending products to your customers.

6. Increase Sales Opportunities and Maximize Revenue A CRM benefits you by creating dynamic online catalog and initiating direct customer interaction. Let’s see how Customer Relationship Management software helps to reinforce online sales – It simplifies the way of updating new products, models, prices, description, discounts and offers. It leverages cross- selling promotions and up- selling opportunities. Search faction enables visitors to search and find what they want – allows them to view products with certain features, like color, size, style and model. It helps to increase loyalty that strengthens long term relationships with customers.

7. It provides a convenient platform to interact with customer, resolve their queries, take their feedback and finally, gain their confidence. Conclusion :- In a competitive E-commerce market, a CRM software could be your data goldmine. By collecting all feasible customer data, you can create a 360 degree view of your prospects and customers. This will give you the insight to increase your future sales opportunities. In the other hand, better communication and excellent customer support ensures better buyer incentives and long-term customer relationships. This also increases the probability of acquiring more first time customers.

8. Meanwhile, the CRM is also not a closed and fixed system. It needs to be constantly reformed and developed to meet current and future business requirements.