E-CRM involves using digital technologies and data to support customer relationship management strategies and plans. It utilizes various digital marketing activities like data mining to improve customer targeting. Key aspects of E-CRM include identifying customers across channels, individualizing communications and products, enabling two-way interactions, integrating customer data for a 360-degree view, and building trust through integrity.
E-CRM involves using digital technologies and data to support customer relationship management strategies and plans. It utilizes various digital marketing activities like data mining to improve customer targeting. Key aspects of E-CRM include identifying customers across channels, individualizing communications and products, enabling two-way interactions, integrating customer data for a 360-degree view, and building trust through integrity.
E-CRM involves using digital technologies and data to support customer relationship management strategies and plans. It utilizes various digital marketing activities like data mining to improve customer targeting. Key aspects of E-CRM include identifying customers across channels, individualizing communications and products, enabling two-way interactions, integrating customer data for a 360-degree view, and building trust through integrity.
E-CRM involves using digital technologies and data to support customer relationship management strategies and plans. It utilizes various digital marketing activities like data mining to improve customer targeting. Key aspects of E-CRM include identifying customers across channels, individualizing communications and products, enabling two-way interactions, integrating customer data for a 360-degree view, and building trust through integrity.
• Involves creating strategies & plans for how digital technology
& digital data can support CRM.
• Several digital marketing activities within scope E-CRM such
data mining to improve targeting 5 I’s
• Identification- can the customers be recognised for different
channel contacts? • Individualisation- can be communications and products be tailored? • Interactions- are communications two way? • Integration- is there a 360 degree view the customers? • Integrity- is the relationship built on trust? Big Data for Marketing • Data Volume refers to the increase in data that is now available for online interactions with websites and social media.
• Data Velocity shows how marketers now have access to real-time
data, such as real-time analytics of interactions on web and mobile sites and also social media interactions.
• Data Variety shows how new types of unstructured data, including,
again, social media interactions, offer potential too. This also suggests the potential of integrating different sources of data to gain more customer insight • Refers to applications to give value from the increasing volume, velocity, variety of data integrated from different sources. • Enhances insight to deliver more relevant communications through technology as marketing automation and social CRM. Challenge of Customer Engagement
• CE is a psychological state, which results from interactive
experiences between a customer and a focal agent or object.
• Repeated interactions through the customer life cycle
prompted by online & offline communications aimed at strengthening the long- term emotional, psychological investment a customer has with a brand. Customer Life-Cycle Management Strategy • refers to using metrics, data and customer feedback to drive your business towards more efficient, more effective customer relationships as a means of improving the customer lifecycle pipeline. • The stages each customer will pass through in a long-term relationship through acquisition, retention and extension. • Customer selection means defining the types of customers that a company will market to. It means identifying different groups of customers for which to develop offerings and to target during acquisition, retention and extension. Different ways of segmenting customers by value and by their detailed lifecycle with the company are reviewed. • Customer acquisition refers to marketing activities to form relationships with new customers while minimising acquisition costs and targeting high value customers. • Customer retention refers to the marketing activities taken by an organisation to keep its existing customers, i.e. to encourage them to buy again or continue a contract that renews for a service. Identifying relevant offerings based on their individual needs and detailed position in the customer lifecycle (e.g. number and value of purchases) is key. • Customer Extension refers to techniques to encourage customers to increase their involvement with an organisation.