Jul
03
Tracking Customer Lifetime Value (CLV): How to Retain High-Value Buyers?
A store’s customer lifetime value is a crucial insight into the long-term profitability of their business relationships.
By calculating CLV, you're not only assessing the immediate worth of a customer but also their potential future contributions to your store’s revenue.
The data from the metric allows you to focus your efforts more effectively and invest in relationships that offer the greatest return over time.
Today, we will not only clarify why CLV is pivotal for business success but also provide actionable strategies to cultivate high-value buyers and proven methods to improve CLV.
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