It Is Also Worth Creating A Scale From To About The Likelihood Of The Individual Recommending Your Business To Someone. This Measure Aims To Understand More About The Level Of Satisfaction, But Requires Other Questions To Identify The Audience's Reasons For Liking Or Disliking. Lifetime Value — Ltvin Addition To Attracting More Customers To Your Business, It Is Important To Understand How Long They Stay Purchasing. This Information Can Help Improve Loyalty Strategies.
Furthermore, Acquiring New Consumers Is More Expensive Than honduras business email database Keeping . In This Sense, An Important Metric To Monitor This Data Is Ltv. Through It, You Can Understand The Consumer’s Lifespan In Your Business. In Order To Calculate Ltv, The Following Formula Can Be Used: Ltv = Average Monthly Ticket X Average Retention Time For Each Customer Therefore, To Increase Ltv, There Are Two Possibilities.
First, Charge A Higher Average Ticket. This Is Possible Through Differentiation Strategies And Adding Value To Offers. The Other Way Is To Optimize The Average Retention Time, With Actions Aimed At Gaining Customer Loyalty. How To Use Them?before Establishing Which Metrics You Need To Monitor, It Is Important To Note Some Points That Define The Order Of Priority For This Type Of Assessment. See Below The Correct Way To Use Them In Your Projects.