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DEFINITIONSales

CRM

Customer Relationship Management

Software that records who your customers and prospects are, and what has happened with each of them — conversations, deals, and follow-ups.

EXAMPLE

Instead of remembering that a prospect asked about pricing three weeks ago, it's a note against their record with a reminder attached.

WHY IT MATTERS

Past about twenty prospects, memory and a spreadsheet stop working, and follow-ups get missed. Missed follow-ups are the most common reason an interested prospect quietly disappears.

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