EPISODE · Jul 9, 2019 · 9 MIN
31- How to design for valuable customers?
from d.MBA · host Alen Faljic
Imagine you are running a hotel. Who would you rather have as a customer? High value but one-time visitor or an average customer who will keep coming back for many years? It depends, right? Lifetime Value (LTV) is a concept that can help us determine the business value of our customers and with that understand: who is an ideal customer, how much they are worth to a business, and how much we can spend on acquiring a customer. In this mini d.MBA episode we cover the definition of lifetime value and its relevance for designers.
What this episode covers
Imagine you are running a hotel. Who would you rather have as a customer? High value but one-time visitor or an average customer who will keep coming back for many years? It depends, right? Lifetime Value (LTV) is a concept that can help us determine the business value of our customers and with that understand: who is an ideal customer, how much they are worth to a business, and how much we can spend on acquiring a customer. In this mini d.MBA episode we cover the definition of lifetime value and its relevance for designers.
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31- How to design for valuable customers?
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