CLV (Customer Lifetime Value) makes you understand

[DonalCerry]

how much money you can expect from one particular customer with the time you stick with them. It mainly helps you realize the value of the customers for you and how you will act or invest in them. If you find your CLV high, it means your customers see long-term value in your products and would like to be with your business.

customer-retention
To calculate your CLV, you need to divide the venezuela mobile phone numbers database average revenue per customer by the customer churn rate for a certain period.

Tips to improve customer lifetime value:

Offer support quickly to keep customers happy.
Meet individual customer needs with messages and offers.
Give exclusive offers to the repetitive purchaser.
Make sure your product does not lose its standard.
Stay in touch with your customers via email, social media, or other channels.
Customer Retention KPI #5: Repeat Purchase Rate

This is one of the important KPIs that needs to be tracked properly to retain customers. In comparison to your total customer base, this KPI tracks the percentage of your customers who make repeat purchases. With this KPI, you can identify the number of your repetitive customers and realize the customer’s loyalty to your brand.