Channel.report: Drive More Revenue by Measuring and Managing Customer Lifecycle Value

Drive More Revenue by Measuring and Managing Customer Lifecycle Value

The customer is at the center of every business transaction, and keeping the customer engaged has never been more vital than it is now in a digital world. Customer Lifecycle Value is usually described as the amount of revenue or profit that a customer, or defined group of customers, generates over their projected lifetime of interaction with a company. But in today’s digital world, by delivering a continuous connected customer experience, it is possible to grow a customer’s interest and investment in a redefined relationship that benefits both the customer and the enterprise, resulting in a CLV model that measures interaction and investment at different stages of interaction.

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