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Simple CLV Calculator

So you managed to get that customer to buy from you

So you managed to get that customer to buy from you

Simple CLV Calculator

by Business Research & Applications Limited
Simple CLV Calculator
Simple CLV Calculator
Simple CLV Calculator

What is it about?

So you managed to get that customer to buy from you! You made the sale… and is that all? Not at all; it is a mistake to consider that a customer is only worth the profit you get from that one sale. Have you considered this customer could be repeated and then buying again from you? Yeah!

Simple CLV Calculator

App Details

Version
1.17
Rating
NA
Size
8Mb
Genre
Business Finance
Last updated
December 1, 2016
Release date
December 1, 2016
More info

App Screenshots

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Simple CLV Calculator screenshot-1
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App Store Description

So you managed to get that customer to buy from you! You made the sale… and is that all? Not at all; it is a mistake to consider that a customer is only worth the profit you get from that one sale. Have you considered this customer could be repeated and then buying again from you? Yeah!
In fact, the type of customers we like are those that buy (and pay), and repeatedly in time will be buying again and again. However, no love story has been forever, and your customer will end up buying elsewhere; do not take it personal, but there are many reasons that this will happen, and marketers should know at which rate your business loses customers (i.e. loyalty, retention).

If you consider this cycle, you are capable of calculating the average profit per customer and estimate the average customer life (as your customer), then you should be able to calculate how much a customer is worth to your business: the customer lifetime value (CLV).

This calculator will allow you to estimate the CLV the simpler way; when the sales cycle is not too complicated you can approximate the calculation by using the 'turnover', 'number of customers', and 'churn rate' (% of customers that stop buying from you every month). When you need a more accurate value, you can do so by inputing the profit margin, and the interest rate.

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