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How to Maximize Customer Retention and Churn
The value of a customer is not determined by their basket size, but expressed as the sum of all their potential lifetime purchases. The longer a customer sticks around and keeps purchasing the product, the higher the altiv. Churn expresses how many customers leave a subscription business every month; retention measures the number of those who stay. Minimizing turn and maximizing retention are paramount to the success of a subscription business.