Local Voices
How Do You Keep Customers Coming Back?
FiveStars explains their "Customer Lifetime Value" metric and how it relates to customer loyalty
Our friends at FiveStars have a great infographic about customer loyalty — what it means for your business, and how to increase it.
Using a metric they've dubbed "Customer Lifetime Value," the infographic details what this means for small businesses and the bottom line. Angela Rodriguez also shares 5 ways to increase Customer Lifetime Value, excerpted below. Read the entire post and see the infographic here.
5 Ways to Increase Customer Lifetime Value
1. Treat new customers like VIPs.
2. Keep in touch with customers.
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3. Give customers a reason to come back SOON.
4. Implement a modern rewards program.
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5. Treat repeat customers like kings.
TELL US: How does your business keep customers coming back? Have you experimented with loyalty programs in the past?
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