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7 Tips to Increase the Lifetime Value of Your Potential Customers for Consistent Earnings
75% companies bring in return on investment by launching a loyalty program, 6% can’t gain sufficient profits and remain simply don’t track or think about it.
(Source: Experian, Business Data, Analytics and Marketing Services company)
It takes 7x more costs to bring a new customer in comparison with convincing and selling to existing customer.
Moreover, approximately 40% of companies’ revenue is generated from persistent 8% customers.
Business needs to make an influence in each of its dealings with customers or they will not come back. Your salesperson may be out of the mood, yet he/she has to attend customer with great care for leaving a good impression.
As a responsible business owner, do you really take any action to get the same customer buy again from you?
How you do it? By sending greetings, birthdays etc. mails, by word of mouth on-call/voicemail or by another way possible around?
It is vital to know that from all new inquiries, chances for conversion are only 1-2%.
Most established unit of businesses enjoys 60 to 70% repeat customers. This is certainly a number that no business owner wants to lose.
While there is no fix customer lifetime value formula(CLVF) which works flowingly all the time, it is good to know ideas related to customer lifetime value marketing as opposed to sitting idle.
Customer lifecycle management is essential, it can make or break a business.
Today, when increasing number of customer engagement strategies are not yielding fruitful outcome for businesses, it is best to hold up existing customers who are paying big cheques every month over hunting for new one.
Let us take a deep dive into tips that help to boost customer retention rates.
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The 2018 NBA Finals tip off Thursday night, with the Golden State Warriors facing the Cleveland Cavaliers in the championship for the fourth year in a row.
It’s the first time ever in NBA Finals history that two teams square off for the league championship in four consecutive years. For that matter, the 2018 NBA Finals marks the first time in any major sport that the same two teams are facing each other for the championship title four times in a row. (In the NHL, the Detroit Red Wings played the Montreal Canadiens in the Stanley Cup Finals three years in a row, and in Major League Baseball the New York Yankees and New York Giants met up in the World Series in three consecutive seasons.)
As for 2018 NBA Finals predictions, Stephen Curry, Kevin Durant, and the rest of the Golden State Warriors are strong favorites to beat LeBron James and the Cleveland Cavaliers. As many observers have noted, this year probably represents LeBron James’s toughest test yet, seeing as he must face the heavily favored Warriors without All-Star guard Kyrie Irving (who was traded to the Boston Celtics) and without a fully healthy Kevin Love (who was injured in the previous series and may miss at least Game 1 of the NBA Finals).
Here’s everything you need to know about watching Game 1 of the 2018 NBA Finals, including what time the game starts, what channel it’s on and how to live stream it — no matter if you’re watching on TV or want to live stream the Cavaliers-Warriors.
What channel is Game 1 of the 2018 NBA Finals on?
The 2018 NBA Finals are being broadcast on ABC. If you have a TV and access to free, over-the-air channels, all you have to do is find your local ABC channel and tune in. If you don’t have a cable TV package with networks like ABC