{"id":4531,"date":"2024-04-25T20:42:51","date_gmt":"2024-04-25T13:42:51","guid":{"rendered":"https:\/\/libcondemo.bangkokwebsitedesign.com\/can-a-business-grow-through-customer-management\/"},"modified":"2024-05-06T16:18:02","modified_gmt":"2024-05-06T09:18:02","slug":"can-a-business-grow-through-customer-management","status":"publish","type":"post","link":"https:\/\/libcon.co.th\/en\/can-a-business-grow-through-customer-management\/","title":{"rendered":"Can a Business Grow Through \u201cCustomer Management\u201d?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4531\" class=\"elementor elementor-4531 elementor-4515\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-875443b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"875443b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51db3e1\" data-id=\"51db3e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f8c7325 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8c7325\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2120e11\" data-id=\"2120e11\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b96130 elementor-widget elementor-widget-text-editor\" data-id=\"5b96130\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Can a Business Grow Through \u201cCustomer Management\u201d?<\/b><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3677d8 elementor-widget elementor-widget-text-editor\" data-id=\"f3677d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When aiming for business growth, such as increasing sales or expanding market share, the application of Customer Relation Management (CRM) is becoming a standard practice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, CRM is often misunderstood as merely \u201ccustomer management,\u201d and instances where its true benefit has been disregarded can be seen every now and then. In this article, the kind of results that can be anticipated from CRM and how to realize those results will be explained.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0647e66 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0647e66\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-494825f\" data-id=\"494825f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c79ab51 elementor-widget elementor-widget-text-editor\" data-id=\"c79ab51\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Will the business grow by only introducing CRM?<\/b><b><br \/>\n<\/b><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b70ece7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b70ece7\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d74bd34 elementor-widget elementor-widget-text-editor\" data-id=\"d74bd34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"vc_empty_space\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400;\">CRM could be directly defined as \u201cthe management of customer relations.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Did you know that the CRM policy is also a method that uses segmentation marketing to segregate customers into categories? One representative example of this policy is the market automation function.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to the widespread use of the Internet, customers are currently receiving much more information than they could receive from a visiting salesperson. If existing customers are left unattended, they could easily change companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, it is important to manage and maintain the relationship and increase their satisfaction to retain existing customers. In addition, with the diverse needs of the customers, grasping those is also of significant value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since market automation is a tool to automate high-precision marketing tasks and improve efficiency\u2014such as the analysis of customer action history or customer information management; the automation of mail marketing; management of important actions for lead nurturing, reporting functions, etc.\u2014there is a tendency to misconstrue that what carries out this marketing automation itself is CRM.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, although CRM is the management of customer relations, is that actually all there is to it? Let\u2019s rethink from the beginning why CRM is necessary.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fbbc740 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fbbc740\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-927cda2\" data-id=\"927cda2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a9fb20 elementor-widget elementor-widget-text-editor\" data-id=\"6a9fb20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Why is CRM necessary?<\/b><b><br \/>\n<\/b><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c28d2e7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"c28d2e7\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7274edb elementor-widget elementor-widget-text-editor\" data-id=\"7274edb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"vc_empty_space\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400;\">In taking into consideration the importance of CRM, let\u2019s begin with the difference between <\/span><i><span style=\"font-weight: 400;\">sale<\/span><\/i><span style=\"font-weight: 400;\"> and <\/span><i><span style=\"font-weight: 400;\">sales<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both words mean the selling of products or services; however, selling and conducting sales differ largely.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The difference between <\/span><i><span style=\"font-weight: 400;\">sale<\/span><\/i><span style=\"font-weight: 400;\"> and sales is, simply put, the difference between \u201cselling a product\u201d and \u201cselling a service.\u201d <\/span><i><span style=\"font-weight: 400;\">Sale<\/span><\/i><span style=\"font-weight: 400;\"> is the term for customers who are simply looking for a \u201cproduct,\u201d while <\/span><i><span style=\"font-weight: 400;\">sales<\/span><\/i><span style=\"font-weight: 400;\"> is for customers who are looking for some kind of \u201cservice\u201d such as attachment or convenience. Of course, a person could be either one or both types of customer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When a customer is looking for a \u201cservice,\u201d to provide the most ideal one, it is without a doubt a must that the company (salesperson) builds a relationship with the customer to understand what kind of \u201cservice\u201d he\/she is actually looking for.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, it can be said that a <\/span><i><span style=\"font-weight: 400;\">sale<\/span><\/i><span style=\"font-weight: 400;\"> should be specialized for the retail of a \u201cproduct\u201d through sale management, while <\/span><i><span style=\"font-weight: 400;\">sales<\/span><\/i><span style=\"font-weight: 400;\"> should specialize in customer relationship management through customer management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, for a company with sales as the main axis, the concept of CRM enabling customer management is necessary. Through CRM, the number of times that a customer could bring profit to the company could be maximized; this is called the Customer Lifetime Value (CLV), which is one result that could be anticipated from CRM.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, improving CLV is actually the biggest issue for any company; this is partly because of the widespread misconception about CRM. However, to aim for business growth, increasing the CLV of a customer possessing an already high CLV is important. In other words, the ideal scenario is for the customer to refer another customer, and the size of the value that makes these customers want to refer is called Customer Recommended Referral Value (CRV).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though both CLV and CRV are results that could be anticipated from CRM, at present, there are actually many companies implementing CRM strategies focusing only on increasing CLV.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence, what kinds of CRM-increasing strategies are there?<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a5abb47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a5abb47\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-658537e\" data-id=\"658537e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d75f442 elementor-widget elementor-widget-text-editor\" data-id=\"d75f442\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>What is the CRM strategy that increases CLV and CRV?<\/b><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f797ea8 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f797ea8\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98a41b7 elementor-widget elementor-widget-text-editor\" data-id=\"98a41b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"vc_empty_space\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400;\">A case study of a CRM strategy implementation that increases not only CLV but also CRV will be introduced.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have you heard of the product \u201cJagarico,\u201d which was developed by Calbee Co., Ltd.?<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The details of the product will not be mentioned, but the important point is that the customer could participate in its product development.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a CRM strategy, the benchmark point is that through this service, the customer\u2019s attachment toward the product \u201cJagaRico\u201d is increased (which also increases CLV), and there is a venue for people who want to promote the product they developed themselves to their acquaintances (which equals an increased CRV).<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-dede638 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dede638\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ddbd570\" data-id=\"ddbd570\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c57e738 elementor-widget elementor-widget-text-editor\" data-id=\"c57e738\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Summary<\/b><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dee3ca elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4dee3ca\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2191815 elementor-widget elementor-widget-text-editor\" data-id=\"2191815\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"vc_empty_space\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span style=\"font-weight: 400;\">Nowadays, any company talks about the importance of CRM in the expansion of sales and promotion of company growth; however, the important point is whether a strategy capable of increasing both CLV and CRV is devised.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the companies, those that succeeded in CRM strategy by creating a customer network became benchmarks. However, it should be pointed out that approaching the issue of \u201ccreating a unique CRM strategy for the company\u201d from the perspective of increasing CLV and CRV is as important.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Can a Business Grow Through \u201cCustomer Management\u201d? When aiming for business growth, such as increasing sales or expanding market share, the application of Customer Relation Management (CRM) is becoming a standard practice. However, CRM is often misunderstood as merely \u201ccustomer management,\u201d and instances where its true benefit has been disregarded can be seen every now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5057,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can a Business Grow Through \u201cCustomer Management\u201d? - LiB Consulting - \u0e43\u0e2b\u0e49\u0e04\u0e33\u0e1b\u0e23\u0e36\u0e01\u0e29\u0e32\u0e25\u0e39\u0e01\u0e04\u0e49\u0e32\u0e17\u0e35\u0e48\u0e21\u0e38\u0e48\u0e07\u0e40\u0e19\u0e49\u0e19\u0e01\u0e32\u0e23\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1c\u0e25\u0e25\u0e31\u0e1e\u0e18\u0e4c\u0e17\u0e31\u0e49\u0e07\u0e14\u0e49\u0e32\u0e19\u0e01\u0e25\u0e22\u0e38\u0e17\u0e18\u0e4c<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/libcon.co.th\/en\/can-a-business-grow-through-customer-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can a Business Grow Through \u201cCustomer Management\u201d? - LiB Consulting - \u0e43\u0e2b\u0e49\u0e04\u0e33\u0e1b\u0e23\u0e36\u0e01\u0e29\u0e32\u0e25\u0e39\u0e01\u0e04\u0e49\u0e32\u0e17\u0e35\u0e48\u0e21\u0e38\u0e48\u0e07\u0e40\u0e19\u0e49\u0e19\u0e01\u0e32\u0e23\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1c\u0e25\u0e25\u0e31\u0e1e\u0e18\u0e4c\u0e17\u0e31\u0e49\u0e07\u0e14\u0e49\u0e32\u0e19\u0e01\u0e25\u0e22\u0e38\u0e17\u0e18\u0e4c\" \/>\n<meta property=\"og:description\" content=\"Can a Business Grow Through \u201cCustomer Management\u201d? When aiming for business growth, such as increasing sales or expanding market share, the application of Customer Relation Management (CRM) is becoming a standard practice. 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