The Benefits of CRM for Startups
Customer relationship management (CRM) can often be the secret sauce that transforms a startup into a strong, vibrant and rapidly growing one. That may come as a surprise if you thought CRM was just for big corporations with huge sales teams, but the truth is that you don't have to be big to benefit from CRM.
A CRM is rarely top priority for most new businesses. The most important thing is making sales and ensuring that the business has the cashflow it needs to operate.
What if you could implement a solution that helped your sales teams be more efficient, better manage their sales and make more accurate forecasts?
Would it also be helpful if that solution allowed you to track customer interactions so you knew what was happening and when. For example when to expect payment?
These are just some of the benefits of a CRM and demonstrates how it can help startups achieve their top priorities.
Simple, scalable customer management
In the early stages of a company’s growth, your contacts book is one of your most valuable assets. There are prospects out there to be found and converted to customers, alongside existing customers who can give you an essential steady stream of repeat business.
At the very beginning, a startup might have little more than a list of prospects that they hope to turn into customers. These prospects may be stored on a handful of business cards or in a list of names and phone numbers on a spreadsheet or document.
The next step is a contact management application. This does the basics: it stores names and other personal details, along with notes about previous and future contact dates and times, what was said, and what needs to be done.
Customer relationships are critical for startups
A CRM system is like a map and compass for your small business. It helps you understand exactly where you are with your customers, what direction you need to take to keep them happy, and what obstacles you'll need to navigate around to close the deals with them.
Get Personalised Insights into
Your Business
More effective selling
In practical terms, a good CRM tool does much more than store contact information for you to act on. It can help you qualify your leads so your efforts can be directed most effectively, and it can automatically prompt you at appropriate times to ensure that your planned contact programme is fulfilled. That means no more failing to call someone as promised or forgetting to check up on the progress of a deal.
Not every prospect can be turned into a sale of course, but a CRM tool can also help you learn from every outcome so you can improve your sales strategies. That's because a CRM system lets you collate and analyse the data that it stores, allowing you to continually improve and hone your activities towards optimum effectiveness.
Simplified IT infrastructure
Running software systems in-house that can achieve all this is challenging for a large organisation with a dedicated IT department. For a small business? It doesn't bear thinking about.
But with a platform that helps you to develop mobile apps for your business as well as your customers, you can take advantage of ‘micro-moments’ of productivity throughout the day. By building employee smartphone apps targeted at specific tasks, companies worldwide are seeing huge efficiency savings – replacing a paper-based vehicle condition check with an app, for example, or approving a customer quote on a smartphone.
Turn your startup into a scale-up
Social customer service
As well as responding directly on these platforms, you can use these insights to predict future trends and patterns – anticipating questions and finding solutions before they become a cause for complaint. When problems do arise, modern CRM allows you to deliver customer service directly via social media, making for a far smoother, more agreeable experience for all involved.
Service Cloud Essentials, the out of the box customer support app from Salesforce, is used by leading startups and small businesses to help customers, increase satisfaction and grow fast.
Flexible growth when you need it
That's why it’s important that your CRM platform is scalable and extensible, with extra apps and features you can bolt on to provide the extra tools you need as you grow. The good news is that CRM runs best in the cloud.
That means it can be accessed easily from anywhere, and everyone in your business has the most up-to-date information about customers and deals at their fingertips. Best of all, no-one has to worry about installing, managing and updating software, because there is no software to worry about.
Sales Cloud Essentials gives you multiple ways to build a platform for your company’s growth. The Salesforce AppExchange contains thousands of free and paid-for apps you can easily add to your CRM, providing extra capabilities such as invoicing, document signing and integration with popular applications such as Outlook. You can also create your own custom apps on the Salesforce Platform.
Is CRM the logical next step for your business?
What's needed is a way of managing and distributing this information to those that need it so that data can be turned into action –– fast.
Understanding your customers better drives sales and therefore business growth, which in turn drives up the frequency and importance of your interactions with customers. The way you handle those interactions – in other words, the quality of your customer service – will become an important part of your business’s identity.
To manage this change you need a serious CRM system. One that’s based in the cloud and that brings together contact management, collaboration tools and social media integration to put your customers at the heart of your business.
That’s a lot of info!
Here’s what you should take away from this article:
- How can CRM benefit a startup? CRM systems provide startups with real-time insights on their customers, enabling agents to better manage relationships and improve customer service.
- Are CRM systems important for startups? Yes. CRM systems help startups build and maintain customer relationships, provide better service, and turn more prospects into sales.
- Can CRM systems improve sales? Yes. CRM systems provide real-time data, helping businesses to improve relationships and increase sales.
- Can startups use CRM for customer service? Yes. CRM platforms are effective tools for providing customer service, especially as a startup’s customer base grows.
- Is CRM right for my startup? CRM platforms are effective and scalable solutions, so they can grow as your business grows.
Frequently Asked Questions
What is the benefit of CRM?
Why do small businesses use CRM?
What should a good CRM system have?
A good CRM system should have tools that enable businesses to:
- Manage customer contacts
- Automate sales processes
- Track interactions in real time
- Report, forecast and analyse data