Unlocking Customer Lifetime Value: Boosting Sales with Data-Driven Segmentation
The article discusses how a UK company selling unique gifts used customer segmentation to determine the lifetime value of their customers. They analyzed customer purchase behavior based on recency, frequency, and monetary value, and then ranked customer groups using a technique called Fuzzy AHP. By doing this, they were able to identify which customer clusters had the highest lifetime value, helping the company make better marketing decisions in the future.