The end of CRM, the start of MRM

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The end of CRM, the start of MRM

In BtB, it’s about Market Relationschip Management

Customer Relationschip Management systems, programs & processes are the cornerstone of every modern company. Without them, it’s impossible to assure a good customer relationschip (especially in large companies, where everybody takes one part of the customer interaction): When your support people take up the phone, they want to make sure the customer instantly feels connected because your agent knows who he is, knows what products/services he has from your company, what is important for him, how happy he is, what are his outstanding invoices,…

It’s clear that there are a lot of solutions on the market (from the very large SAP / Siebel / Microsoft kind of solutions towards the smaller cloud solutions (Nutshell, Highrise,…).

When implementing these tools, the tricky part comes: We tend to implement them from a customer perspective (clearly, hence the C in CRM). However — especially in a B2B environment — the market is typically smaller and more stable. It can happen that a customer is leaving you, but comes back in 2 years, or is shifting part of his portfolio to you from a competitor because you have a new kind of product/service. If you want to do things right, we should stop building CRM processes and tools, but start working with Market Relationschip models (MRM): A customer who leaves you is the best lead you’ll ever have: you know his business, you know what is crucial for him (the thing he left you for might give a hint), you already have his contact information, you know his needs (at least partly: the products/services he ordered with you in the past),…

In data-model terms: stop seeing a prospect, a customer and a lost customer as different entities, they are merely charasteristics of the same entity. See it as a tag on a company name that you can use to differentiate your approach towards them (on your complete marketing mix).

How to you handle your CRM processes?

 

Also available on Medium.


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