Customer acquisition is one of the primary objectives of a marketing campaign. SaaS and E-Commerce businesses spend their most of their budgets to stay ahead of their competitors in the race for acquiring new customers. But what is the return generated by every unit invested in a marketing program? This dilemma is one reason why not all businesses actively support in-house marketing teams; it is difficult to evaluate returns on investment.

Customer Lifetime Value (CLV) shows you how to optimize the acquisition cost of expanding your market base with a focus on maximizing returns instead of minimizing expenses.





Comments


Written by best4businesses
2786 days ago

Thoughtful article. Thanks, I found it very helpful. Taking the time to calculate and measure the lifetime value of a customer is vital to planning a successful ad campaign. So often my clients focus on the short term gain but don't invest properly to get a customer that stays and keeps coming back and buying more.



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!