What does CLV tell you?
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.
Does CLV have a future?
I'm wondering about the future prospects of CLV. Is it going to have a bright future ahead or is it destined to fade away? I'm trying to understand if investing in CLV would be a wise decision or not.
Why is CLV so important?
I'm trying to understand the significance of CLV. Why is it considered such a crucial metric in business? What makes it stand out and why should I be paying attention to it?
Is customer lifetime value revenue or profit?
I'm trying to understand the concept of customer lifetime value. Specifically, I want to know if it represents the total revenue generated by a customer or if it's the profit earned from them over their lifetime.
What is customer lifetime value prediction?
Can you elaborate on what customer lifetime value prediction entails? Is it a method used to forecast the potential revenue a company can expect from a customer over their entire relationship? How does it differ from traditional customer acquisition strategies? And what factors are typically considered when making such predictions?