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The Jasmine Star Show

The Secret to Building Customer Loyalty and Increasing Revenue [9 min]

The Jasmine Star Show

Jasmine Star

Jasmine Star, Business, Start A Business, Instagram Growth, Social Media, Business Strategy, Online Marketing, Business Tips, Entrepreneurship, Social Curator, Marketing, Photographer, Social Media Strategy, Photography

4.92.7K Ratings

🗓️ 21 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Have you ever wondered how some businesses seem to effortlessly keep their customers coming back for more?That's exactly what we're diving into today...the secret sauce behind customer lifetime value (LTV) and how YOU can harness its power to grow revenue without having to find new customers.Listen to hear five actionable strategies that will not only increase your LTV but also transform the way you think about customer relationships.Take notes, because this right here is how you turn one-tim...

Transcript

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0:00.0

How much more could your business grow if every customer stayed with you twice as long?

0:05.5

Hey there, I'm Whitney, content director for a social curator.

0:09.2

And today, Jasmine is diving into something every business owner needs to keep a pulse on,

0:14.6

your customer's lifetime value or LTV.

0:18.1

If you've been wondering how to build long-lasting relationships that turn your customers

0:22.4

into loyal fans and increase the revenue they generate over time, well, you're in the right

0:28.3

place. In this episode, Jasmine is sharing five strategies that you could implement today to boost

0:34.1

your LTV and create more sustainable growth in your business.

0:42.2

So ready to create deeper connections and maximize the potential of each customer?

0:43.9

Perfect. Let's go.

0:48.0

I'm going to share five strategies for increasing LTV.

0:53.7

But what's important to remember is that the best way to increase your LTV comes down to one very important thing,

0:55.7

prioritizing the customer experience and results. I recorded an episode. It was titled

1:00.4

How to Create an Unforgettable Customer Experience. I want to recommend listening to that

1:04.6

after you've listened to this one. If you haven't listened to it already, I'm going to link it

1:07.6

in the show notes for you because my friends, that is going to be another major brick in the foundation that you lay. Now, if you're taking notes, write down

1:15.0

one through five and I want you to leave notes for each one. And then I want you to circle the ones

1:19.9

that you think you should implement in your business. I am teaching you what I wish I had

1:24.6

focused on or learned more when I was getting a business degree in college.

1:28.6

So starting with strategy number one, segment your customers.

1:32.9

Okay, so what does this mean?

1:34.1

By dividing your customer communication, most likely via email, you can divide them into

...

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