How to use storytelling in your email newsletters

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Average order values ​​should be examined and the average frequency of spending should be observed. It must be estimated how long this customer will remain loyal to the business or make a repeat purchase. The costs incurred to acquire a new customer will need to be calculated. These factors will help determine the value a customer provides to the business. Calculating customer lifetime value will guide the business in elements such as customer acquisition, customer relationship management and developing the business' marketing strategies.

That's why CLV is a valuable tool for optimizing malaysia whatsapp data product or service delivery. Why is Customer Lifetime Value Important? Customer Lifetime Value is very important for businesses. Because it shows the long-term success rates of a business and provides many advantages to businesses. CLV helps businesses understand which customers bring in more revenue and which customers have more profitability potential. In this way, businesses ensure that their marketing budget is distributed efficiently.

CLV enables businesses to focus on customers and increase customer satisfaction. The loyal customers thus created can increase the long-term profitability of the business. Additionally, CLV will help businesses create long-term growth and development steps. Understanding future revenues from customers will shape the future decisions of the business. By focusing on customers with higher CLV, businesses can use their marketing budgets more efficiently. CLV also provides competitive advantage to businesses.