Without expansion and only one individual shop front Joie fashion makes $100,000 profit annually ($2000 per week). The sales of the business were $250,000 annually, however after expenses the profit figure came to $100,000. However after the intended expansion regionally and internationally, we aim to reach profit margins of $100,000,000 annually in it’s operations.
The marketing channels Joie Fashion uses to promote the business to potential customers includes the use of yellow pages, visual advertisement such as billboards and magazines, mobile and email marketing and …show more content…
Traditional CRM was mainly focused on the amount of sales the company is receiving and how to improve this (ISM, 2009). However social CRM is revolved more around the customers needs. Social CRM allows businesses to develop solid relationships with consumers and customers becoming a loyal asset to the company instead of just a consumer. In addition to this, social CRM allows for better management of customers through the use of social media as businesses can monitors consumers concerns, like and dislikes and comments about their business and product easily and efficiently (Ciotti,