There a book available from Amazon titled "Libbey and Pickering on RFM and beyond" that will blow away some peoples idea of CRM . As a matter of opinion, I think this book completely redefines Customer Relationship Management. RFM stands for Recency, Frequency, and Monetization. Here is a link to the book at Amazon
http://www.amazon.com/gp/product/0976517205/qid=1137897743/sr=2-1/ref=pd_bbs_b_2_1/102-8760849-1698540?s=books&v=glance&n=283155This book has earned a spot on my desk next to Hopkins and Caples
In a brief nutshell and I mean brief, (because the book is oh so much more)when a business is managing its database of customers it needs to create different marketing programs for customers depending on how recently they have ordered, how frequently they order, and what dollar amount they order. Each costomer has a different need and buying cycle to meet.
This book is not a quick read, at least it wasn't for me because so many ideas and concepts were examined that my head buzzed for days.
Yes, the mechanical things can be handled by the excellent 1shoppingcart.com but how you make it work to suck up the cash is with RFM srategies.
Steve Robison
The marketing specialist for manufacturers
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