Knowledge is Power: 5 Reasons You Have to Know More to Grow More

The reasons for knowing customers well in a B2B sales sense should be self-explanatory, but sometimes these reasons become lost among numerous other sales concerns. However, neglecting efforts to get to know customers better can hamper all other marketing strategies. There are five key reasons businesses need to be more intelligible about their customers:

Discover Their Definition of Value

Discovering what the consumer finds valuable about a product or service ensures that a business can continue to provide the customer an effective experience with their products. Knowing a customer’s definition of value results in a business being able to better determine how to serve a customer more effectively in the future. This results in continued sales.

Develop Better Marketing Messages

Businesses that improve their social CRM to insure that they get to know their customers better can develop relevant marketing messages. This tactic will improve productivity in addition to increasing sales. Targeted messages are essential to continued growth and sales.

Knowledge Leads to Better Cluster Identification

Adequate social CRM efforts can lead to identifying customers with common characteristics. Identifying clusters can assist in better targeting of marketing efforts and increased productivity. Once these types of customers are identified, marketing efforts become exponentially easier and more profitable.

Easily Identify Purchasing Trends

Knowing what is going on in the lives of customers can help sales professionals identify consumer purchasing trends. Additionally, it will be easier to predict how certain economic changes and times might affect customer purchase decisions. There is no reason to fly blind when taking the time to get to know customers can result in such positive returns.

Measuring Results Becomes Easier

The results of any marketing plan must be measured. If it isn’t measured, it didn’t happen. The only way to justify any funds spent on marketing is to ensure that money is well spent.

The takeaway from this article should be crystal clear. If you don’t know your customer, then you can’t develop an effective marketing plan. This is reality. Spending time looking at the current customer base is essential in finding out more about customers and how to serve customers better. With a minimal amount of due diligence and social CRM, sales professionals position themselves to know more and grow more

By Koka Sexton, Director of Social Strategy at InsideView
http://blog.insideview.com/