Understanding The Lifetime Value of Your Customer will Encourage You to Advertise More

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Manage episode 323293029 series 2904676
By Al Shan. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

When it comes to advertising and marketing, many restaurant owners, caterers, and business owners don't think about this concept called "Lifetime Value of a Customer."
So, what is this thing called LTV of a customer, and why is this important?
Understanding the Life Time Value of a Customer can help you figure out how much you should advertise for your type of business. In addition, this concept will encourage you to invest more in marketing because you will begin to understand the value of acquiring new customers.
Find out more about this in this episode!
>If you are a restaurant owner, caterer, or chef who wants to learn more about marketing hacks and sales strategies for free — then I'd love for you to join my community!
>Watch this and the rest of my Podcast episodes on Youtube. Click here!
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53 episodes