Customer Acquisition
Term from the CRM Glossary
Definition
Customer acquisition is the comprehensive process by which a company gains new customers by identifying potential prospects, piquing their interest, and ultimately converting them into paying customers. This is achieved through targeted marketing and sales measures across various channels such as digital media, personal outreach, or events, to generate leads and convert them into long-term customer relationships.
Goals
New Customer Acquisition: The main goal is to increase the number of customers and thus promote company growth.- Building Customer Relationships: Acquisition lays the foundation for long-term relationships by guiding potential customers through the entire process.
- Strengthening Market Position: By acquiring new customers, a company can solidify its market position in a competitive environment.
Acquisition Process
Lead Generation:Collecting contact data of potential prospects (leads) through marketing measures or events.
Lead Nurturing:Systematic contact management to maintain the interest of leads and qualify them.
Contact & Sales Pitch: Direct outreach and conducting conversations to understand the needs of potential customers and offer suitable solutions.
Conversion (Sales Closing):Converting a qualified lead into a paying customer by closing a deal.
Channels
Digital Channels: Online advertising, social media marketing, email marketing, and search engine optimization.
Personal Outreach: Direct marketing, trade fairs and events, networking, and cold acquisition (telephone, email).
Referral Marketing: Utilizing existing customer relationships to gain new contacts.