Exploring Actionable Steps to Increase Average Customer Value for Your Business
Every small business owner dreams of having loyal customers who continuously spend more over time. This aspiration is driven by the concept known as average customer value (ACV). ACV reflects the average amount of revenue earned by a client over a certain period. It is an important indicator for determining client loyalty and company profitability. To secure long-term growth, businesses focus on boosting ACV. Understanding and enhancing ACV enables small companies to grow and develop…