Customer Relationship Management (CRM) Lifecycle
The overall process of managing interactions and relationships with current and potential customers to drive sales, improve customer service, and increase retention.
Process Stages
Lead Generation & Acquisition
CRM_S01Identifying and attracting potential customers through various marketing channels and campaigns.
Lead Nurturing & Qualification
CRM_S02Engaging with leads, providing relevant information, and qualifying them based on interest and fit.
Sales Conversion & Opportunity Management
CRM_S03Managing the sales pipeline, pursuing opportunities, negotiating deals, and closing sales.
Customer Onboarding & Service Delivery
CRM_S04Successfully onboarding new customers and ensuring smooth delivery of products/services.
Customer Support & Issue Resolution
CRM_S05Providing ongoing support, addressing customer inquiries, and resolving issues effectively.
Customer Retention & Loyalty Building
CRM_S06Engaging existing customers, fostering loyalty, encouraging repeat business, and managing advocacy programs.
Measuring this lifecycle
Required across stages
Critical for quality