The Customer Life Time Value Postulate:
- What is one customer’s value to a business, and what should a business be ready to pay to earn the said customer?
- It all boils down to a postulation called “Customer Life Time Value” (CLTV), which is used to narrate the estimated value of one customer, to a business.
- It is essentially the average amount of money made over the lifespan of an average customer, discounted by future Cash Flows.
- The higher the value, the higher the Marketing Budget can be to acquire each customer.
- This is not only a crucial concept to understand in business, but also for investors that are looking to put money in Consumer Oriented Companies.
Reciproci is aimed to provide “traditional business” a digital omnichannel edge over their “born-digital” rivals.
Contact Info
Twitter Feed
#closedloopwallets ease the buying of goods and #services with single #vendor issuing such a wallet. They provide seamless #accrual and #redemption of reward points or #loyalty points. These wallets can also be used to add money directly from a #customers bank account.
However money once deposited to the wallet cannot be withdrawn thus #companies are guaranteed with a #sale eventually. Also some companies provide a dedicated check out terminal or free shipping for their #wallet users.
This is very useful in present times when everything is going #contactless, and provides ease of #transaction both to the #business and the #Consumer.
Know more: www.reciproci.com/
#contactlesscommerce #reciproci #technology #creativity #CLV #omnichannel #COVID19 #newnormal
Instagram Feed
#Contactless is the buzz word today, and #ContactlessCommerce is coming in, in a very big way. The #NewNormal will see a lot of increase in the use of Closed Loop Wallets they will become a habit. Be ... Prepared!
https://www.linkedin.com/feed/update/urn:li:activity:6684313285115936768