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Using Multiple, Related Customer Models Across the LifeCycle

blog.jimnovo.com·@HashtagPLUS·about 1 month ago
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Jim answers questions from fellow Drillers (More questions with answers here , Work Overview here , Index of concepts here ) Topic Overview Hi again folks, Jim Novo here. So you have all these simple but powerful customer models – Recency  alone,  Latency ,   RFM , or  LifeCycle Grids – how do you know which one (or ones) are best to use for your business? Guess what – it depends on the specific features of your business and also how you run the business. Now, while that might sound a bit scary, it’s really not that big a deal and in the end, the great news is you’ll end up with an approach customized to your business. So how do you accomplish this? Just segment and analyze your customers; they will tell you, my fellow Driller, which direction is the best to follow. You dig? Let’s go ahead and see what that looks like … Q:   We recently purchased your book A:   Thanks for that!…

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