article thumbnail

What Is Business Development?

The 5% Institute

Customer Relationship Management (CRM) Maintaining strong relationships with customers is crucial for long-term success. Business development teams focus on nurturing existing customer relationships, enhancing customer experience, and identifying opportunities for upselling and cross-selling.

article thumbnail

What Is Good Customer Service?

Salesforce

This puts them in a unique position to spot – and act on – opportunities for cross-selling and upselling. Retail : A grocery shopper inadvertently buys expired food. New revenue opportunities. To be of help, agents must understand the customer’s needs. Competitive edge. Every advantage helps.

Service 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Is Inventory Management? Real-Time Visibility and Other Techniques

Salesforce

How to track inventory management success Inventory management FAQ First things first: What is inventory management? Inventory management is how companies track and control the goods they buy, store, sell, and use. For others, like retailers, it’s ready-to-sell stock. The goal sounds simple enough.

article thumbnail

Does a B2B Business Need a Different CRM Than a B2C Business?

Sales Hacker

automobile parts to repair cars), to sell to their customers (e.g. retail stores selling children’s toys), or they’re using a service (e.g. As a result, the way you manage the relationship differs in the following ways: Managing people vs. accounts. Remember, CRM stands for customer relationship management.

B2C 76
article thumbnail

Sales Mapping – Optimise Success

The 5% Institute

With a visual representation of territories and customer locations, sales teams can work together to identify cross-selling opportunities, share best practices, and coordinate efforts more efficiently. This collaborative approach fosters a sense of unity and improves overall team performance. Want To Close Sales Easier?

article thumbnail

15+ Interview Questions for Consultants [+ Sample Responses]

Hubspot

It's also when you really need to sell yourself and your skills. For example, I recently collaborated on a project for a large financial services company where I led a team in implementing a new customer relationship management system. Describe a time when you worked within a cross-functional team to complete a project.

Consult 73
article thumbnail

26 CRM Techniques and Strategies for Customer Retention

Cience

These strategies include optimizing onboarding, quality customer service, using customer feedback, effective change management, and more. There are so many ways to drive and improve customer retention, and a lot of them revolve around a robust customer relationship management system , more commonly known as CRM.

CRM 96