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371 Converted by Neil Hoyne

The Marketing Book Podcast

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The Importance of Customer Lifetime Value

A customer lifetime value is quickly becoming the indispensable measure for marketers trying to understand if they are creating sustainable value or merely positioning themselves between transactions. Businesses often struggle to identify who is in what category and it's surprising, what they'll look at is a look at how much did you spend this month. It means that at an individual customer level, you're going to know how much those customers are worth.

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