oboloo

oboloo Glossary

Customer Lifetime Value Marketing

oboloo Glossary

Customer Lifetime Value Marketing

Customer Lifetime Value (CLV) Marketing is a business strategy that focuses on maximizing the value of each customer relationship over its lifetime. By understanding and utilizing a customer’s full value potential, businesses can achieve greater profitability by leveraging customer relationships to gain new customers, strengthen existing ones, and increase loyalty. This type of marketing uses data-driven tactics such as segmentation and predictive analytics to create an individualized experience for each target customer and maximize their value to the company. It also encourages customer retention and loyalty through strategic rewards, discounts, and loyalty programs. Ultimately, CLV marketing strives to build long-term relationships with customers that consistently yield high returns for the business.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971