At this stage. It is crucial to reinforce marketing and sales strategies with more attractive initiatives for the user. The goal is to motivate the customer to return and retain them again. To achieve this. We can make phone calls or send emails to understand the. However, reasons for your departure and offer personalize solutions. We can offer great discounts on products or services to encourage your return. We can even provide creits in our store to facilitate your future purchases. It is important to adapt actions to the importance and value of the client.
Those customers with a high profile
Who made frequent purchases of great economic Oman Telegram Number Data value. Will require more aggressive actions to reactivate them compare to those customers whose purchasing behavior was smaller and more sporadic. Customer life cycle strategy what is customer lifetime value. Customer lifetime value is a measure of the total financial value that a customer provides to a company over the course of their relationship. This measure takes into account not only the purchases a customer makes at a given time. But also their purchasing behavior over time. Customer lifetime value is calculate by adding all the revenue a customer is expecte to generate during their relationship with the company.
Minus the costs associate
With acquiring. Retaining. And serving that Ethiopia Telegram Number customer. To calculate customer lifetime value. Several factors must be taken into account. Such as customer acquisition cost. Customer retention rate. Average value of a purchase. And purchase frequency. By taking these factors into account. Companies can estimate how much money they can expect to earn from each customer during their relationship. Customer lifetime value is an important measure because it helps companies understand the full financial value of each customer. Allowing them to make informe decisions about investing in customer acquisition and retention.
