All customers are not created equal and marketers who acknowledge this fact, and build their strategies around it, are positioning brands for sustainable growth.
That was the view outlined by Peter Fader, the Frances and Pei-Yuan Chia professor of marketing at The Wharton School of the University of Pennsylvania, during a webinar held by the Mobile Marketing Association as part of a series entitled “The Great Debates: Marketing Growth Frameworks.”
As Fader explained, “I think that the key to long-term growth is leveraging customer lifetime value (CLV).”
Rather than developing the profile of an average customer, he suggested brand custodians...