Free Webinar: ForgeRock Launches On Demand Training

closeClose

Customer Retention: The Key to Business Success

  • Tuition USD $1,295
  • Reviews star_rate star_rate star_rate star_rate star_half 853 Ratings
  • Course Code CUSRET
  • Duration 3 days
  • Available Formats Classroom

Managing customer relationships, with the goal of retaining customers for life, is one of the most important requirements for a business to survive, especially in a tough economy. Designing a solid sales process, training your sales organization, and developing an effective CRM (Customer Relationship Management) strategy, are critical steps to achieving this goal. This course discusses how you should develop a customer retention strategy for your business, and what needs to be done to ensure success of your customer relationship implementation. This course will explore how your company can develop and deploy a customer retention strategy by building a customer-focused culture within your organization and by implementing key strategies for success. It will instruct attendees how to develop a strong, consistent and successful corporate strategy and sales organization that's focused on customer acquisition and retention. Like many companies today, you may be losing customers to your competitors, experiencing a shrinking market share, or having problems getting your sales reps to perform effectively and consistently. You may be wondering why some sales reps exceed while others struggle, why you aren't making your revenue projections, or why your customers aren't loyal to you. This course will help you with these issues and more, by demonstrating how your company can develop a sales process, define your sales training requirements and design a CRM strategy for your business.

  • Improve customer retention
  • Identify the best practices of your sales reps
  • Create sales processes to satisfy your customers' needs
  • Increase the productivity of your sales teams
  • Reduce sales cycles
  • Optimize resources
  • Measure results
  • Dramatically increase revenue
  • Align your marketing & sales activities
  • Implement a CRM strategy for your business

Who Can Benefit

  • CEO/President
  • Business Owners
  • Vice President for Sales
  • National Sales Director
  • Regional Sales Director
  • Regional Sales Manager
  • Channel Director/Manager
  • Marketing Director/Manager
  • Account Executives
  • Account Advisors

Course Details

Market Overview

  • Introduction & Course Overview
  • Impact of Losing Customers
  • The effect of dissatisfied customers
  • The high cost of acquiring new customers
  • The low cost of retaining existing customers
  • Retention versus Acquisition

Customer Segmentation

  • 80/20/30 Rule
  • Where your revenue comes from
  • Identifying profitable customers
  • What's Causing Businesses to Lose Customer Focus
  • Introducing Customer Relationship Management

Customer Loyalty

  • What are your Customers Thinking?
  • What is "Real" Loyalty?
  • Customer satisfaction versus retention
  • How to recognize loyal customers
  • The Loyalty Hierarchy
  • Increase profits with value propositions
  • Short-term versus Long-term customers

The CRM Process

  • Defining the Sales Process
  • The Corporate Silo
  • Building a Sales Process
  • The lead-flow process
  • How departments interrelate
  • Life Cycle Management
  • Marketing – sales – support
  • Earning the right to sell to existing customers

Where to Begin

  • Why CRM Projects Fail
  • Benefits of Developing a CRM Strategy
  • Begin With a Plan
  • Determining business goals and justifying investments
  • Doing a "GAP" analysis
  • Collecting Customer Information
  • Knowing Your Customer Profiles
  • Marketing to the right targets
  • Using an integrated database

The Sales Process

  • The 3 Key Components for Sales Success
  • The P.E.A.K sales process
  • The sales funnel
  • Pipeline Management
  • Misaligned vs. aligned sales pipeline
  • Benefits of a good sales pipeline
  • Sales Training
  • The relationship to the Sales Process
  • Sales training's goals

CRM Technology's Role

  • CRM Misconceptions
  • How CRM Technology Can Help
  • Deploying your process
  • Replicating best-practices
  • Productivity tool
  • CRM Product Choices, Platform Choices, and Product Requirements

Aligning CRM Strategies

  • CRM Alignment Components
  • Impact of Misaligned Strategies on Retaining Customers
  • Selling the CRM Process to Sales
  • Increasing CRM User Adoption Rate
  • The compensation plan
  • Aligning it with corporate strategies
  • The Marketing Strategy
  • Managing leads
  • Using CRM for Marketing campaigns

Smart Marketing

  • Mass Marketing is Dead
  • Personalization – The new deal
  • Market better – sell more
  • Using CRM Technology
  • Automating Customer "Touches" and Drip Marketing
  • Determining Qualified Leads
  • Marketing program investment calculator
  • Customer Lifetime Value (LTV)
  • Variable Data Marketing
  • Personalized marketing messages
  • Aligning your campaigns with your customers' points of entry
  • Prospecting & Lead Generation
  • Finding leads the new way
  • Using LinkedIn and Data.com (Jigsaw) to prospect
  • Matching leads to customer profiles

Real-World Practice Exercises

These hands-on breakout sessions will be held throughout the class.

  • Calculate what it will cost you and how many customers you'll end up with using an acquisition versus a retention strategy.
  • Determine which of your customers are in the top, middle and lower segments of the bell-curve.
  • List what types of loyalty your customers have for your company? Why? What can you do to improve it?
  • Develop a CRM Process (using the Workflow diagram) for your company.
  • Design your own Sales Pipeline with as many "layers" as needed for your business, while aligning them to the P.E.A.K Sales Process.
  • Describe your Corporate & Sales Strategies. Identify how your sales team is incented to deploy your various strategies and increase user adoption.
  • Sales & Pricing Strategies. Align your pricing and sales compensation strategies to properly motivate your teams.
  • Explore what Lead Generation methods and systems you could/should be using.
  • Define your ideal Customer Profiles.
  • Calculate your Marketing Campaign Investment and Life-Time-Value of your customers by using the Marketing Investment Calculator.
  • Determine how to align your Campaigns with your Customer Entry Points.
  • Describe ways you can Proactively Retain Your Customers.

How do I enroll?

A comprehensive listing of ExitCertified courses can be found here. You can register directly for the required course/location when you select "register". If you have any questions or prefer to speak with an ExitCertified education consultant directly, please submit your query here. A representative will contact you shortly.

How do I pay for a class?

You can pay at the time of registration using credit card (Mastercard/Visa/American Express) cheque or PO.

What if I have training credits?

ExitCertified honors all savings programs from the partners we work with. ExitCertified also offers training credits across multiple partners through our FLEX Account.

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.

Does the course schedule include a Lunchbreak?

Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

What does GTR stand for?

GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.

An excellent course for beginners looking to take their Cloud practitioner exam and getting the fundamental knowledge about AWS

The course is perfectly designed with material and labs to get hands on experience on AWS, nicely done!

I found ExitCertified by accident and have not been disappointed. The instructors are engaging and the material goes beyond teaching the test.

Content is great and useful lab exercise which can be related to tasks performed at work.

very knowledgeable; presented in a interesting format; good insight into aws

0 options available

There are currently no scheduled dates for this course. If you are interested in this course, request a course date with the links above. We can also contact you when the course is scheduled in your area.

Contact Us 1-800-803-3948
Contact Us Live Chat
FAQ Get immediate answers to our most frequently asked qestions. View FAQs arrow_forward