How much do you make with a customer over a lifetime?
Surprisingly, most people don't know the answer to this, and it is one of the most important metrics of entrepreneurship.
What is Your Customer LTV (Life Time Value)
Customer LTV is the approximated expected lifetime value of a single customer. It takes into consideration variables like Sales figures, Number of Customers and Churn Rate.
What makes this figure so important is it allows you to fully understand the value of acquiring a new customer. Being able to quantify this allows us to explore various methods of marketing and tie this back to ROI.
Watch How Alex Hormozi ($100M CEO of www.Aquisitions.com) calculates LTV
Here are 3 Ways to Calculate Customer LTV
Lifetime LTV
Churn Rate
Sales Velocity
If you are looking to get more organic traffic to your website. Check out our latest article below.
To Get in Contact with us
Email craig@socomunity.com
Cheers