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CLV, Financing, & Pitching - Coggle Diagram
CLV, Financing, & Pitching
What is CLV?
CLV is the total revenue or profit generated by a customer over the entire course of their relationship with teh business.
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CLV takes into account not only the revenue generated from initial purchases but also future purchases and customer loyalty.
Why CLV matters
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Target ideal customers
CLV tracking makes it easier to segment customers based on profitability, customer needs, preferences, or behavior
CLV also points out how much money customers spend with business => personalize marketing to attract and retain them
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