Table of Contents
If I had a dollar
Customer spending can really add up
Its easy to over invest in marketing
What is customer lifetime value?
Using CLV to make marketing spending decisions
Applying the CLV metric
Marketing costs and CLV
The real return on investment from the advertisement
Using CLV to experiment with ‘what if’ scenarios
There are different ways to measure CLV
Chasing vs. Retaining customers
Improve customer service
Use your customer database to target market
Get your customer’s opinion
Introduce a loyalty scheme
Gathering customer information
Costing a loyalty marketing programme
Using CLV analysis to assess loyalty programmes
Managing marketing campaigns for roi
Using CLV to benchmark customer acquisition cost
Segmenting customers
Putting your money where you’ll get most return
Growing customers through differential service
Fire the low profitability customers?
Not so fast…
Know what you are doing
Conclusion
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