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Why social media does not replace a CRM system

Social media as the silver bullet?

You’re using social media, and at this point, keeping in touch with your sphere of influence (SOI) through Facebook and Twitter is nothing new. Therefore, a database or contact management system isn’t really required, right? Well, not so fast. Social media platforms like Twitter, Facebook, and Google Plus are not CRM (customer relationship management) tools. In fact, classifying them as such can lead you down a slippery slope.

To begin with, it’s important for any business to have one consolidated place to store all client and prospect contact information. You know – phone number, email address, mailing address, and so forth. There’s not one social media platform today where you easily do this. But there’s much, much more that social media platforms are incapable of. Let me share some of what this is.

CRMs boost social media efforts

Many who believe that social media is a viable substitute for a CRM solution don’t fully understand what a CRM system can, in fact, do. With a good CRM or contact management system, you can record and track your communication history with a particular client or prospect. You can create drip email campaigns to automate your marketing communications and nurture your leads. You can create automatic reminders (or “ticklers” as some like to call them) to remind you to wish a contact happy birthday or to plan a client appreciation night. You can run reports to see where your best leads are coming from, a list of appointments for a particular day, and/ or a consolidated transaction summary or service report. I’m certainly not aware of any social media channel that’ll allow you to do these important activities.

It’s many times essential to be involved with social media because it’s often where your clients and prospects are. Social media gives you an opportunity to engage in a two way dialogue with your sphere. That being said, social media channels compliment a CRM system, they don’t replace one.
Let’s say you’ve worked with a client in the past and years have gone by without communication between both parties. This client likely won’t even be interested in “liking” your Facebook page or following you on Twitter because, quite frankly, he’s moved on. A CRM system will help you make sure the client doesn’t move on and forget you but uses yours services time and again. You’ll never stop building the relationship and you’ll always be “top of mind.”

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The bottom line is that Facebook, Twitter, and Google Plus alone simply do not provide most of the functionality you need in order to build a business based on long-term client relationships and referrals. Social media is great but when we overestimate what it can do, what it’s capable of, and its effectiveness, we lead ourselves down a dangerous and slippery slope.

Written By

Matthew Collis is part of the Sales and Marketing Team at IXACT Contact Solutions Inc., a leading North American real estate CRM firm. In addition to overseeing many of IXACT Contact’s key sales and marketing programs, Matthew works with REALTORS® to help them achieve their real estate goals through effective contact management and relationship marketing. IXACT Contact is a web-based real estate contact management and marketing system that helps REALTORS® better manage and grow their business. The system includes powerful email marketing capabilities and a professionally designed and written monthly e-Newsletter.

4 Comments

4 Comments

  1. Roland Estrada

    January 25, 2012 at 12:18 pm

    100% true. Period.

  2. Roland Estrada

    February 1, 2012 at 2:15 am

    Here is a very cool CRM app I ran across on Macworld Magazine.

    https://www.viporbit.com/

  3. Pingback: Meet Salesmate: the CRM that separates itself from the rest - The American Genius

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