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Creating
Customer
Value and
Customer
Relationships
What is Customer Relationship Management?
CRM is the process of carefully managing detailed
information about individual customers and all customer
touch points to maximize customer loyalty
Concepts for Personalization
One-to-one marketing
Permission Marketing
Permission Marketing…..
The practice of marketing to consumers
only after their expressed permission
Identify prospects and
customers
Differentiate
customers by needs and
value to company
Interact to improve
knowledge
Customize for each
customer
One-to-One
Marketing
Attracting
and
Retaining
Customers
Reduce the
rate of
defection
Enhance
share of
wallet
Terminate
low-profit
customers
Focus more
effort on
high-profit
customers
Reduce the
rate of
defection
Marketing Funnel
What is Loyalty?
Creating a strong tight connection to a customer
for long-term marketing success
Interacting with
Customers
Developing
Loyalty Program
Creating
Institutional Ties
Win Backs
Building Loyalty
-Kanishk Chaturvedi

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