How can I use data to increase customer lifetime value?
You can analyze customer purchase patterns, preferences, and feedback to tailor your marketing strategies.
What specific data points should I focus on?
Key data points include purchase frequency, average order value, customer demographics, and engagement metrics.
How can I collect this data effectively?
Utilize CRM systems, customer surveys, and website analytics to gather and analyze relevant data.
Can you give me an example of a successful strategy?
Sure! A subscription model based on customer preferences can significantly boost CLV by ensuring repeat purchases.
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