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What is customer lifetime value?

Intercom, Inc.

Customer lifetime value (CLV, also known as CLTV), represents the total estimated amount a customer is expected to spend on your products or services over the course of their lifetime. To estimate CLV, you must first assign a specific value to each of your customers.

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How to Create a Successful Customer Expansion Strategy? (+Best Practices)

User Pilot

While it may sound too good to be true, the reality is that you can achieve this by implementing an effective customer expansion strategy. In this article, you will explore why customer expansion matters for your SaaS growth, discover various customer expansion tactics, and learn how to embed them in successful expansion campaigns.

Strategy 105
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Guide on Customer Lifetime Value (LTV) for SaaS Businesses

Subscription Flow

First impressions are rarely the last impressions, but they can prove to be just that for your company if you do not strategize a high customer lifetime value (LTV) for SaaS businesses. When customers consistently return to make purchases, it is usually a positive indication that your company is doing well.

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LTV Optimization 101: How To Optimize Customer Lifetime Value and Drive More Revenue?

User Pilot

LTV optimization is a crucial aspect of any successful business strategy. You can retain more customers and generate more revenue with the right approach. By making informed decisions with LTV optimization, you can create a cycle of customer loyalty and long-term profitability. What is Customer Lifetime Value (LTV) in SaaS?

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What is Customer Satisfaction: Importance for Business Success + How to Improve

User Pilot

According to a Deloitte report , positive customer experiences can lead to a 140% increase in spending compared to negative ones. However, what satisfies customers differs from one business to another. As such, you must tailor your strategies to meet your target customers’ specific needs and expectations.

Business 111
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SaaStr Podcast #429 with ProfitWell Founder & CEO Patrick Campbell: “The Current State of SaaS Companies, Subscriptions, and Retention in 2021”

SaaStr

. #429: In this episode, ProfitWell Founder & CEO Patrick Campbell shares benchmarks from over 23,000 companies and offers a helpful framework to re-evaluate your retention strategy and increase your CLV (Customer Lifetime Value) between 10 and 60%. Watch the full video here.

Retention 223
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A Guide to Customer Retention: Importance, Strategies & Metrics

User Pilot

You will also learn how to build a retention strategy, what metrics to track, and 10 bulletproof retention tactics for SaaS companies. TL;DR Customer retention is the ability to keep your customers actively using their products. Book the demo to learn how to use it to orchestrate your customer retention strategy.

Retention 111