Tuesday, March 28, 2017
Profisee Master Data Management Blog

Do You Know the Total Lifetime Value of Your Customers?

What We Mean by Lifetime ValueIn the business world, you often hear references to the "Total Lifetime Value of a Customer," the meaning of which sometimes varies. One permutation of lifetime value is calculated on an aggregate basis across all of your customers, answering the question, "What is the average value of a newly obtained customer?" The Aggregate Lifetime Value can be calculated based on simple financial metrics including revenue, profit, and customer retention. Refer to en.wikipedia.o......

Creating a 360-degree view

As data-driven marketing continues to have an exponentially increasing role in modern-day sales and marketing, many companies plan to increase their budgets for data-driven marketing. The challenge in the increasing importance of data-driven marketing lies with creating actionable information from a largely scattered customer data landscape. Most companies understand how identifying who their customers are – identifying them by name, address, contact details, job title, gender, age, etc. – by us......

 

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