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Highly Effective Marketing Analytics
book

Highly Effective Marketing Analytics

by Mu Hu
December 2019
Intermediate to advanced
242 pages
6h 2m
English
Business Expert Press
Content preview from Highly Effective Marketing Analytics

CHAPTER 8

Customer Lifetime Value Demystified

Chapter Overview

Today, customer lifetime value (CLTV) might no longer be a buzzword, yet it remains an important and valuable metric that helps marketers make informed business decisions.

Seemingly a straightforward and easy to understand concept, CLTV is indeed very intriguing and confusing in its definitions, calculations, and business applications.

This chapter aims to accomplish three goals: first, to clarify and eliminate common misunderstandings surrounding CLTV; second, to introduce a couple of simplified ways to calculate different CLTVs based on different business contexts; and finally, to illustrate how to apply different CLTVs to solve real-world problems.

This chapter is organized as ...

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Publisher Resources

ISBN: 9781951527099