Customer Long Term Value: How to Calculate LTV for Your Shopify Store

In this video, I'll show you how to calculate the lifetime value (LTV) of your customers for your Shopify store. Knowing the LTV of your customers is crucial for making informed decisions that can help grow your business, such as optimizing your marketing campaigns and improving customer retention.

I'll explain LTV and why it's essential for eCommerce businesses like yours. Then, I'll guide you through the step-by-step process to calculate LTV, including determining the customer purchase frequency, average order value (AOV), and customer retention rate.

I'll also provide tips on how to gather the necessary data from your Shopify store and how to interpret the results once you've calculated your LTV. In addition, I'll advise you on how to increase your LTV and improve customer loyalty, such as by offering incentives and providing personalized recommendations.

By the end of this video, you'll have a clear understanding of how to calculate the lifetime value of your customers for your eCommerce Shopify store. Don't miss out on this essential tool for growing your business!

►►🎁 Free Workshop (The eCommerce Growth): https://www.rihabseb.com/the-ecommerc...
►► Services I offer: https://www.rihabseb.com/services

//Recommended tools:
►►Best eCommerce Platform: https://www.shopify.com/?ref=rihab-se...
►►Best Email Marketing Software for eCommerce: https://www.klaviyo.com/partner/signu...

//Recommended Shopify Themes:
►►Turbo Theme: https://outofthesandbox.com/?rfsn=208...
►►Dubitfy: https://debutify.com?lmref=mYf04g
►►Prestige: https://themes.shopify.com/themes/pre...

Recommended Shopify apps:
►►Upsell Post-purchase app (Reconvert: get 10% discount):https://www.stilyoapps.com/reconvert/...
►►Spocket Suppliers: https://spocket.grsm.io/Youtube
►►Privy (Email marketing app): https://privy.grsm.io/youtube
►►Best Shipping bar app: https://apps.shopify.com/free-shippin...

//Recommended books:
►►Rich dad poor dad: https://amzn.to/30h1Y4x
►►The experts' secrets: https://bit.ly/30eO7vD
►►The 7 habits of highly effective people: https://amzn.to/3qkzVM6
►►The way of the wolf: https://amzn.to/2PqcPHd

//Check out my online course on Udemy:
►►Shopify SEO course: https://bit.ly/3uTLJIN
►►eCommerce Facebook Ads Masterclass: https://bit.ly/3kOqOCr
►►Shopify Dropshipping course: https://bit.ly/3eaLQKj
►►Top Strategies to succeed in eCommerce in 2021: https://bit.ly/3sP4F9Q
►►How to pick winner AliExpress dropshipping products: https://bit.ly/3bjKL0K

//Check out my online course on Skillshare:https://www.skillshare.com/r/profile/...

//Connect and Say Hi:
►►Subscribe to my channel+🔔's ►► https://bit.ly/2oz1jsr
►►Instagram:   / rihab.seb  
►►Facebook:  / rihab.seb.71  
►►Website:https://www.rihabseb.com/
►►Free Workshop (the eCommerce growth workshop): https://www.rihabseb.com/the-ecommerc...