Episode 37 – Improving the Lifetime Value of Customers

Published on: April 5, 2012

Foster Web Marketing and Great Legal MarketingLet’s start with: Do you know the lifetime value of a customer/client/patient?  It involves a number of factors to arrive at the correct value.  You have to consider the cost of acquiring a customer, plus the potential for referrals, and direct purchases – in addition to much else.

Now, Charley and Mike want to help you bump up that number and bring in more profit to your business!

The guys discuss everything from membership programs, to raising prices, to building out a referral program.  Of course, it all centers around the idea of building greater value for your customers – which can be done without breaking the bank!  (Plus, there’s talk of “perceived value” which can be increased quickly without sinking cash into it.)

So, grab a pack of your favorite candies and sit back with another episode of the Make Marketing Happen podcast.

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Welcome , today is Thursday, May 23, 2013