Customer Lifetime Value Write For Us
Customer lifetime value is the overall amount of money a customer is probable to spend with your business, or on your products, throughout the lifetime of an average business relationship. It is an important figure to know because it helps you decide how much money to invest in acquiring novel customers and retaining existing ones.
Customer lifetime value helps you appreciate and gauge current customer loyalty. If customers continue to purchase from you repeatedly, that’s a good sign that you’re doing good for your business. Furthermore, the larger the customer lifetime value, the less you must spend on your acquisition costs.
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