Sentences with phrase «higher lifetime customer value»

They have a lower cost to acquire a new customer, a higher lifetime customer value, and can offer in - person verification that dating websites can not.

Not exact matches

Companies can now drive loyalty, and therefore higher lifetime retention and value, by leveraging convenience with even further granularity of access to products or information or both, giving specific customers specifically what they want every time, in a way that caters to their product preferences (and possibly their belief system).

Assuming the average spend per visit at these businesses is around $ 20, the average customer lifetime value of a typical small business is only around $ 50, but for the businesses with the lowest monthly churn rates, it could be 10 times higher -; or $ 200.

What's more, customers who leave reviews have a higher average transaction size and a greater lifetime value than nonreviewers.

A study done in 2011 by The American Marketing Association, involving over 10,000 customers at a well - known German bank, discovered that referred customers spend more on their first visit, stay customers longer, and have an overall 16 percent higher lifetime value than non-referred customers.

But over the course of time it's actually more attractive for Adobe because of higher lifetime value from our customers — they're paying us a little bit each month... and we ultimately do better financially over the long run.»

Repeat a few times, and the result is a customer with a high lifetime value.

The customer who delivers the highest «lifetime customer value» is one who was satisfied the first time, and therefore keeps coming back.

When you factor in the expense of trying to reach new customers and the high lifetime value of each individual customer, loyalty needs to be a top priority for every business.

If your costs to get the customer through the door are higher than your Customer Lifetime Value (CLTV, LTV) than the business can not becustomer through the door are higher than your Customer Lifetime Value (CLTV, LTV) than the business can not beCustomer Lifetime Value (CLTV, LTV) than the business can not be viable.

Their lifetime value, therefore, is usually several times higher than those customers who are neutral, let alone detractors.

Provide quantitative evidence of business impact (e.g., increased revenue or customer lifetime value, higher conversions, faster time - to - market, etc..)

The study also found that the average customer lifetime value (CLV) of users acquired via email is considerably higher than social media acquisition for eCommerce websites.

Insurance companies «want customers who have high lifetime values.

The most successful companies and the highest paid salespeople place great value on developing lifetime relationships with their customers and actively look for opportunities to render service above and beyond their customers» expectations.