Leading to customer trust, goodwill, and empathy

Advancing Forum Analytics at China Data
Post Reply
mdmarouf988
Posts: 57
Joined: Tue Jan 07, 2025 4:22 am

Leading to customer trust, goodwill, and empathy

Post by mdmarouf988 »

An example of a stock-based business that has been increasing in recent years is subscription services such as video streaming services.

A subscription service allows you to use a service for a certain period of time by paying a fixed fee, and is a business model that can be expected to generate stable revenue.

In a stock-based business, it is necessary to increase the number of new customers while also increasing the retention rate of existing customers and getting them to switch to more expensive plans.

In order to increase the retention rate, it is important to provide information about products and services, promote their use, and communicate with customers on a regular basis. It is also important to increase the satisfaction of existing customers in order to encourage them to switch to more expensive plans.

Tips for improving LTV in flow-type businesses
A flow-based business is a one-time greece whatsapp number database sales business model in which sales and revenue are generated by selling products or services. It is characterized by signing a contract and providing a service or taking on a job when needed.

Unlike stock-based businesses, flow-based businesses do not guarantee continuous sales, so they constantly need to acquire new customers and brand their products and companies.

Examples of flow-type businesses include one-off contracts with supermarkets, convenience stores, electronics retailers, and legal services.

Ways to improve the LTV of a flow-type business include identifying customers, introducing a points system or membership rankings, and introducing a semi-stock model.

In the case of B2B, it is important to measure the figures necessary for LTV, such as purchase rate and purchase frequency, for each inflow channel, and to increase approaches and communication with customers who are predicted to have a high LTV.

In a one-time, flow-type business, customers will forget about you if you don't approach them, so it's necessary to contact them regularly.

Therefore, it is necessary to devise ways to encourage continued use, such as introducing point cards or discounts based on membership rank.

In addition, the semi-stock model, which incorporates a stock-type business into a flow-type business, is also effective.

Specific examples include prepaid cards, tickets, and gift certificates. By having customers deposit a fixed amount onto the card or purchase a ticket in advance, it is possible to provide products or services after sales have stabilized.
Post Reply