How to calculate Customer Lifetime Value?

Understanding Customer Lifetime Value (CLV) is essential for eCommerce sellers as it determines how much can be spent on acquiring new customers. CLV helps businesses identify high-value customers, allowing for targeted marketing and effective budget allocation. By focusing on improving customer experience, implementing upselling strategies, and personalizing communication, sellers can enhance customer retention and loyalty. Monitoring CLV over time also aids in long-term planning and business growth. Ultimately, leveraging CLV insights enables eCommerce businesses to optimize their customer acquisition strategies, ensuring sustainable profitability and success in a competitive market.

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#amazon_fba #amazon_fba_seller #sell_on_amazon #amazon_seller #ecommerce #fba #amazon

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