CLV, or Customer Lifetime Value, informs businesses about the total worth of a customer to their company over the entire duration of their relationship. It helps in understanding how much a customer is likely to spend and the profitability they bring.
7 answers
CryptoWizardry
Sat Oct 26 2024
Customer lifetime value (CLV) holds a significant position in customer experience programs.
GwanghwamunGuardian
Sat Oct 26 2024
This metric helps in understanding how much revenue a customer is likely to generate over their lifetime.
EchoSeeker
Sat Oct 26 2024
It serves as a crucial metric to evaluate the worth of a customer to a company.
GliderPulse
Sat Oct 26 2024
CLV goes beyond individual purchases and considers the entire customer relationship.
GeishaGrace
Sat Oct 26 2024
By tracking CLV, companies can gain insights into the long-term value of their customers.