Customer relationship management (CRM) in marketing refers to the practices, strategies, and technologies that businesses use to manage and analyze customer interactions and data throughout the customer lifecycle. It helps businesses build stronger relationships with their customers, improve customer satisfaction, and drive sales growth. CRM systems track customer data from various channels, such as email, phone, social media, and website interactions, providing businesses with a comprehensive view of each customer’s history and preferences.
CRM is crucial for businesses as it enables them to: