
A lifetime together – the true value of long-term customer relationships 29
Customers may buy products and services
via a number of different channels, and
they may have several accounts. Disparate
customer databases also make it difficult
to construct a consolidated view of each customer. Without
a complete view of the customer and an understanding of
which customers are profitable and why, it’s impossible to
determine which types of customers you should acquire and
which ones you should seek to retain. The key to improved
customer acquisition and retention is gathering and analys-
ing all your customer data in order to understand ...