Zoho CRM 2020 Feature Edition - Post One
The much awaited Zoho CRM 2020 feature edition is here!
Our exciting new set of features will help you to:
- Understand customers' expectations
- Offer a personalized selling experience
- Evaluate how your business processes are performing
- Improve work environment of your employees
Understand customers' expectations
Businesses are now more focused on understanding customers' behavior and putting their interests first in order to provide a personalized experience. One can leverage their existing customer data to draw meaningful insights and use them to provide superior services.
Zoho CRM offers some new features that can help you understand your customer's behavior.
Segmenting customers based on their purchase history (RFM model): Observing your customers' buying patterns, like the products they frequently purchase, the amount they spend, and their time of purchase can give a deeper understanding of their preferences and interests. These attributes can be captured in Zoho CRM as RFM (recency, frequency, monetary) metrics. Segmentation uses the past purchase pattern to categorize the customers into homogeneous groups that indicate which customers need immediate attention and which ones are loyal.
Studying customer traits and sales trends (Cohort analysis): Monitoring the buying pattern of customers for a set period can help you identify their interests and preferences, which can be used to pitch the right products or services and increase sales. For example, you can use the segment-based cohort to analyze the customer behavior in an end-of-season-sale and deduce the products that sell more in a season and understand which categories are more popular among your customers. In upcoming sales, you can focus more on those products and invest wisely in marketing campaigns.
Likewise, you can observe the lead conversion or deal closure pattern for a few months to see if there is a dip, and take corrective actions to mitigate the problem. For example, below is a time-based cohort that highlights the months in which less deals were closed. You can investigate the conversion rate and ascertain if the problem exists in the follow-up process or in the customers' lack of
interest in overtime.
Group customers using combinations of attributes (Quadrant analysis): Dividing customers into different groups based on a combination of attributes can help determine which attributes have more impact on customer satisfaction and lead to repetitive purchasing behavior. Based on the results, you can align your available strategies to increase customer satisfaction and retention. For example, a company that sells products to different industries can group customers based on purchase patterns, amount spent on purchases, time taken to close a deal, and product preference. This analysis can be used to identify:
- The right product for an industry
- Which industry to concentrate on
- The suitable time to launch a product and more.....
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Enrich your CRM data and keep them updated
You spend a lot of your time and efforts in generating quality leads for your business. While generating leads is a challenge in itself, the real deal begins when sales reps try to nurture these leads and convert them as customers. So how equipped is your sales team with information about your leads matters a lot. For example, you might be using webforms to generate leads and collect customer information from your website. The lesser your webform fields are, the more your sign-ups right? From optimizingZoho CRM Digest - February 2024
We're thrilled to bring you the February digest, packed with exciting product updates and engaging discussions from the Zoho CRM Community. Keep reading to stay in the loop! Product Updates: Zia Enhancements Be it Tasks, Calls, or Meetings, Zia's activityCanvas templates can now be shared with different CRM organizations
----------------------------------------Moderated on 14th February, 2023------------------------------------------- Dear all, This feature is now open for all users in all DCs. To learn more about importing and exporting canvas templates, read our helpIntroducing Zia Presentation in Zoho CRM
----------------------------------------Moderation 2.0, Date: 22nd March' 24----------------------------------------- The Zia Presentation feature is now available for organizations in both Enterprise and Ultimate editions with 20+ user licenses in theBlueprint enhancements - Parallel and multiple transitions, and more
Last modified on Sep 4, 2023: All Zoho CRM users can now access these enhancements. Initially, these features were available only on an early access basis and by request. However, as of August 2, 2023, they have been made available to all users in all
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