Glossary
CLV (Customer Lifetime Value)
Utilising CLV in E-commerce
Understanding CLV helps e-commerce platforms allocate resources efficiently in acquiring and retaining customers, ultimately enhancing profitability.
Benefits of Understanding CLV for E-commerce
- Resource Allocation: Better allocation of marketing and customer service resources.
- Profitability Analysis: Assessing the long-term value and profitability of customer relationships.
- Strategic Planning: Formulating strategies to maximise CLV through improved customer satisfaction and retention.
See It To Believe It
Discover how Visii can seamlessly unlock your store’s potential.
Any platform. Any time.