Living Stone blog 3

 

 

Customer lifetime value emerges as top KPI

According to the experts at Marketo, marketers can expect to see a significant shift in marketing priorities over the next couple of years. The marketing automation company surveyed over 700 marketing execs and CEOs for their views on how marketing KPIs, required skillsets and technology tools will change by the year 2025. The surveyed marketers ranked customer retention, lead generation and customer lifetime value as their top three KPIs today (in that order). By 2025, they forecast that the order will switch, with customer lifetime value taking the lead at spot number one, followed by customer retention at number two (and lead generation will drop down to spot number six.)

Voice of Customer sessions offer deep insight into your target groups

Can you hear what your customers are really saying? For many marketers, the information they receive about customer comments or complaints is mostly anecdotal. A key account manager might mention that clients really like one particular product attribute, or that they have no use for another. The business development team might pass along what they’re hearing from prospects. Comments on social media or on your website give you some insight, but typically only capture feedback on a single topic or event.

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