
#551: What We Thought We Knew About Retention and Customer Lifetime Value
Let's Talk Loyalty
Analyzing Purchase Cycles in Different Industries
In industries with long purchase cycles like furniture or automotive, using a weekly time unit may not be very diagnostic. For better insights, it is recommended to analyze cumulative periods of time or use a longer period, such as the first three months, to understand purchase behavior. In B2C environments, customers are compared to melting ice cubes, where the relationship eventually ends, and the focus is on how quickly that happens, with initial high attrition rates that slow down over time.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.