Customer Relationship

Term from the CRM Glossary

Definition

A customer relationship is the sum of all interactions and connections between a company and its customers, encompassing both current and potential customers. Building and maintaining customer relationships are crucial for business success, as they lead to customer loyalty, higher revenue, and a positive customer experience. Central elements of a strong customer relationship include trust, satisfaction, personalized offers, and excellent service to stand out from the competition. 

Goals

  • Contacts and Interactions: All touchpoints with the customer, from the first discovery of the brand through the purchase process to customer service. 
  • Trust and Satisfaction: A positive experience and the feeling of being understood and valued are the foundation for a long-term relationship. 
  • Customer Loyalty: Measures aimed at motivating customers to make repeated purchases and keeping them away from the competition.
  • Revenue Growth: Satisfied and loyal customers generate more revenue and contribute to the economic value of the company. 
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