Wednesday, November 19, 2008

Scoring Leads to Determine Customer Relationship Depth

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When you need to find out how well you have been handling certain customers, you might have to use a system called lead scoring. This system helps you determine how well each lead was handled and whether or not the lead became a lucrative one. While this is a good enough system to have to keep track of leads, you might need to use lead scoring for more than just lead tracking to determine returns and results. If you are in a business where leads and customer loyalty is important, you might want to consider using lead scoring as a way to determine how deep your relationships with your customers are. This can help determine how well you not only handle your customers but how well their needs were answered and how much they value your services.

Lead scoring is essentially used to simply rank customers depending on what they do for your company or what their actions are on your site. When you use this kind of a system to score how deep your relationships are with your customers, you can then determine the course of action you should then take with the current score of certain customers. This use of lead scoring techniques to determine where you now stand with your customers is needed when some customers that used to be pretty lucrative for your business seem to have diminished their spending with your company.

You will have to remember that those clients and customers of yours that used to be on the top of your priority list due to the huge amount of revenue you get from them may not be producing as much revenue now as they did before and may need to be scaled down on your list or moved to a lead nurturing phase. Determining what course of action you need to take with present customers can be done with a lead scoring program you might already have in place. This does not mean, however, that you should drop the customers or leads that seem to be slacking off in terms of revenues that they used to bring in to your business. This simply means that you will need to move them to a nurturing stage where you can keep them informed of your company's latest products and services but minimize the interaction costs in these places for the meantime.

Corporate Clients

For those companies who handle clients that belong to one big entity or handle corporate clients, this scoring system can also help you assess whether or not the company that your clients work for is a good place to look for more leads. If you find that you have more than half a dozen clients who need your services or your products from just such a company, this can mean that you might find more of the same kind of people to tap as clients from the same place.

Using a scoring system like the lead scoring system you might already have or are planning on getting can help you find out if it is indeed a good idea to tap more leads within the same corporation or company. If your interactions with the people from these companies score high enough to show that there are possibilities there, then you can try and get more leads from the same avenue. If the scores from these leads are erratic and do not show a pattern that indicates a probability of good leads coming from that direction, you can either skip the idea or may just give it a try, depending on what you see from these results.

Visit our lead management software sponsor: www.leads360.com

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