Customer relationship management (CRM) has become an indispensable tool for sales and marketing teams world-wide, measuring, quantifying, and building upon relationships between companies and their customers. And while CRM can be used to describe any strategies or processes that are designed to analyze and improve customer interactions, the term is most often used to describe the various technologies and tools that are employed with these goals in mind.
CRM tools make it possible to gather and store relevant information on customers and prospects into a single, central location. This information (which may include demographic data, purchase history, and any details associated with past or ongoing interactions) is then used by the company to provide a better, more-personalized experience for the client, usually resulting in a quicker journey through the sales funnel, and a higher chance of repeat business. All of which makes these tools uniquely suited for use in the real estate industry.
Despite the fact that the term CRM is generally used in conjunction with more-traditional B2C and B2B organizations, the truth is that almost every real estate agent—particularly the most-successful ones—use CRM software in some capacity. This makes sense, as agents generally find themselves having to juggle many different clients at once, and these clients need to be easily distinguished from one another. But effective real estate crm should be more than just a database of clients; the best real estate CRM should be an intuitive, customizable tool designed to be able to automate certain important functions and retrieve accurate data in real time.
But what does this actually mean for the agents?
There are many hurdles associated with real estate agents’ line of work. Reliable CRM offers solutions to these issues, and does so in a way that is effective and efficient. Let’s consider a few:
Although many CRM tools offer similar functionality, the reality is that some tools are better suited to meet real estate needs more than others. In order to identify which tools are best equipped to serve the needs of an individual realtor, one must first take a step back and identify that realtor’s specific needs. In addition to the challenges detailed above, every real estate agent will have his or her own unique obstacles. By recognizing these obstacles, and then researching highly-rated CRMs to determine which ones provide the most-complete solutions, relators can narrow down the field of prospective choices, and CRMs that offer free trial periods, such as Salesforce, allow users to get a more-accurate feel for how effective a specific CRM will be, without having to commit valuable resources to do so.
When all is said and done, the most-advantageous CRMs for realtors are those that provide simple usability, high-customization and flexibility, and that integrate easily with any existing systems, processes, or databases. Additionally, the ability to share data across multiple channels can be invaluable, allowing realtors to use that data when creating various marketing campaigns.
In the world of real estate, CRM is nothing new. However distinct from the simple databases and contact lists that have been in use for decades, advanced, automated, cloud-based CRM that allows realtors to view and interact with data in real time has the potential to completely change the industry. Those realtors who locate and commit to an effective CRM solution will find themselves well ahead of the curve in regard to how their customer relationships are managed, which is perfect for those real estate agents who believe in the ‘reality’ of their dreams.
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