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LIFETIME Value of a CustomerThursday, September 25, 2003
» Filed Under: Marketing Observations
Your customer is not only worth the profit you make from their first sale. They may be worth $1000's in the future. That said, always keep in mind that even if you acquire your customers at a slight loss (ie. Joint Ventures where you offer your partner a bigger cut), you can make a substantial profit in the back end. Have a source of residual/recurring income prepared to present to your customers. Promote affiliate programs you're participating in. Be certain to have more than one product to sell, and present a variety of price levels for your customers to choose from. Keep the "snowball-effect" going and going and going and...
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The Snowball Effect
Excerpt: Carmen has a new post on the lifetime value of a customer. Have a source of residual/recurring income prepared to present to your customers. Promote affiliate programs you're participating in. Be certain to have more than one product to sell,... Weblog: GoldBlogger Tracked: September 25, 2003 08:10 AM |