Customer Lifetime Value Explained In 3 Letters: CLV
You’ve probably heard the term “customer lifetime value” (CLV) before, but what does it really mean? And more importantly, how can you calculate it for your own business?
CLV is a metric that measures how much a customer is worth to your business over the entire course of their relationship with you. It takes into account factors like customer purchase frequency, average order value, and customer retention rates.
In this article, we’ll break down CLV and show you how to use it for your own business.
What is the customer lifetime value?
Customer lifetime value (CLV) is the total amount of revenue a customer generates throughout their relationship with your business. It’s a key metric for measuring the financial value of customers. CLV estimates how much you can expect to earn from each customer over time, based on their behavior and purchasing patterns.
CLV doesn’t just focus on your current …
Web Hosting Explained Simply And Clearly Too
If you’re going to have a website — and you should — you need to have a reliable web host. How do you find a web hosting company with the features, support and price that serves your needs? Here are some tips that will help you select the right web host.
Look for the best hosting site for your domain name. Most free sites require you to put their name either before or after your site name in the URL. If you do not want this, you will have to search carefully for a host that suits your needs, even if it means paying for a quality host.
Look at your web hosting site to figure out what kind of websites they offer. Some free hosts only allow you to upload HTML, and not other scripting languages. If you find you require dynamic script on your page, you might stop …