Ep. 23: How To Increase Your Customer Lifetime Value (CLV)
"Create lifetime experiences NOT one-time experiences". 100% focus on customer acquisition will drive you out of business. All too often we forget about the huge opportunity right in front of our eyes .. our existing customers. Instead, we focus our attention on acquiring new customers which is 5x more expensive than selling to existing customers😮. Is that not insane? You know we're super excited for this episode because this is where the profits are: "the profits are in the REPEAT SALES"!
In today's episode we explain what is Customer Lifetime Value (CLV), how to calculate it, and why you should really care about it. We also share 6 core strategies to increase customer lifetime value. Strategies that you can take and apply to your business today to start increasing your sales from each customer.
So buckle up and tune in cause this episode is absolutely jam packed with gems, including the most profitable strategies for us and other brands right now, plus favorite tools, some of our rants and more. You'll definitely want to stick around and listen all the way through too because any one of these strategies alone can significantly boost your customer lifetime value.
Whether you're experienced or newer to the apparel space, if you want a sustainable and super profitable business you're going to need to start focusing on getting more out of the customers you have. This is what customer lifetime value is all about.
Let's go! #printondemandplaybook
PLUS, if you’re ready to turn your business into a 6-figure brand, get on the waitlist for our 6 Figure Founder coaching community, https://6figurefounder.com/coaching
Links in this episode:
Gelato Print On Demand network, 6figurefounder.com/gelato
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