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What are the Benefits of Paid Advertising?

Written by Admin | 1 January 1970

Introduction

Times have changed. Gone are the days when businesses had to rely on spreadsheets and excel in order to store customer data and make sense of information. 




If your business is not using CRM software to record client data and manage customer relationships, then your business is losing out on a lot of potential revenue and improved business processes.

Over the past few years, the CRM market has grown so rapidly that they have now overtaken the database management systems (DBMSs) market by revenue in late 2017 and expected to increase to $85 Billion by 2025, growing at a rate of 12% per year. (Source)

Raising The Subject Of a New CRM

Without good planning, strategy, and the buy-in of key parties, any good idea, no matter how good, can lead to apprehension amongst the people it’s meant to help.

Before adopting a new CRM, it is important to ensure that all stakeholders understand the scope of what is being proposed, the process, and the risks involved. 

For these reasons, it’s imperative that you introduce and communicate the idea of a new CRM with due diligence.

Who Are The Stakeholders?

Different stakeholders usually use CRM differently, depending on the role they play within the company, and as such it is imperative that every stakeholder or business unit is represented from the initial stages of the CRM adoption process. This process should ideally be led by an experienced CRM consultant, to avoid jeopardizing any valuable data in the process.

Are All Stakeholders On The Same Page?

Unless all stakeholders have a buy-in into the CRM adoption process and clearly understand why it’s necessary to migrate and how the CRM can resolve their most pressing issues or meet their expectations, you risk the success of the CRM adoption process.

Whether the goal is to improve sales, boost efficiency, or functionality, every team involved should decide which data is most valuable and worth reporting on.

7 Reasons Why CRM Integrations Matter

  1. Single customer view eliminates the need for multiple software being used by multiple departments
  2. Centralised reporting improves the level of accuracy and integration of data from different sources
  3. CRM product or service usage & monitoring feature allows increased troubleshooting, renewal, and up-sell opportunities
  4. CRM automation allows for better customer profiling regarding client preferences, history, and other interactions
  5. CRM personalisation features allow for individualised interactions with customers and can help boost sales, increase customer satisfaction, and build customer loyalty. 
  6. Invoicing and Payments can be sped up through CRM automation and reduces data entry errors or reduces the loss of invoices
  7. CRM 360-Degree contact view offers great insights which help with up-selling and cross-selling 

Why The Sales Team Is Important to Choosing a New CRM


The right CRM can literally change the way you do business, and improve productivity on all levels; however, choosing the right features which enable your team to do more and better can be a daunting task.

As primary users of CRM, it’s advisable to get as much input regarding the must-have features, expectations, and functionality levels from the sales team expect.

A CRM Should Create Work Efficiency and Drive ROI

At the core of all CRM practices, what matters most is the kind of data you are collecting:

  • What pages or interactions have clients had with your website?
  • Which emails did they open and when?
  • What resources did they download and read from your site?

Such information is crucial in making sure that the interactions which follow next between customers and clients are as precise and relevant to clients as possible.

How To Build A Business Case For A New CRM

Before migrating to any CRM, it is necessary to ask how it will impact the company as far as operations, processes, sales, revenue, adoption, and leads are concerned. 

Before Choosing a New CRM, Ask Yourself This…

  • Why should you change your CRM?
  • Which CRM is best for you? 
  • How and who will lead the CRM migration?
  • Is the CRM user friendly for everyone in the company to use?
  • Is our ROI guaranteed?
  • How will we get our team to adopt the CRM?
  • Can our current sales process be added to the CRM?
  • Does the CRM provide insights into customer’s behaviour?
  • How long will it take to fully adopt the CRM? From configuration, training, and going live?

Overview Of HubSpot CRM

HubSpot is an all-in-one platform for integrating CRM into all your Marketing, Sales, and Service efforts.

It allows organisations to bring all the tools they use to support their marketing under one umbrella that shares the same data. 

One of the best things about it is the fact that it automatically populates itself as you work in your email box and as clients engage with your marketing campaigns and site content.

This ultimately frees up a lot of time for salespeople to focus on the things which matter most; selling.

Also worth noting is that HubSpot is free to use.

CRM Technical Migration Matters

Without a clear and effective implementation process for a CRM technical migration, you risk losing the buy-in of all the relevant stakeholders.

This means that you should understand & have a map of the existing data architecture, decide on a migration team structure, and have a guiding checklist guiding you through the process.

Steps To Mapping Data Architecture

Data architecture mapping should address all the relevant questions such as:

  • What information should be captured and from where?
  • Where and how is data currently being stored? How important is this data? Should it be migrated?
  • What needs to be done on the CRM before data can be imported?

Building A Migration Team Structure

Without a capable team structure, you risk having a failed CRM migration or low adoption rate. A good team structure should determine who the team leader is, who’ll be accountable, and who should be consulted or informed about progress.

CRM Migration Checklist

  • How’s company data currently structured?
  • What should be replicated or improved in the CRM?
  • Has the data been cleaned?
  • What existing systems need to be integrated?
  • Have resources and relevant team members been assembled?
  • Have existing sales processes been mapped?
  • Does the new CRM address existing sales and process challenges?
  • Does the new CRM complement or enhance existing business goals and processes?
  • Elect a team capable of collecting and managing data proficiently

Technical CRM Migration

Your user adoption journey starts long before users actually interact with your product or platform. User adoption involves making sure that every time an individual or an organisation needs to tackle a task, they consider your solution as the go-to application. 

To increase a high CRM adoption rate, do the following:

    • Consider all the ways in which the CRM may increase user apprehension or impact users negatively.
    • Involve users at each stage and build the new CRM around existing processes to ensure a smooth transition
    • Outline the steps necessary to complete a task or process
    • Review and promote frequent use of CRM
    • Find out what works or doesn’t before rolling out CRM
    • Turn data insights into action

Take Your Company To The Next Heights. Get Started With HubSpot Today. Contact Mo Agency.