February 06, 2024

Which Item Do You Prefer As A Marketer?

Item #1:

  • Annual Sales = $100,000.
  • Future Value of Customers Buying The Item = $12.00 Profit Next Year After Controlling For Differences In Customer Quality.

Item #2:
  • Annual Sales = $50,000.
  • Future Value of Customers Buying The Item = $27.00 Profit Next Year After Controlling For Differences In Customer Quality.

I should probably ask if you measure the future value of comparable customers buying each item in your assortment?


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

April 3: The Next MineThatData Happy Hour!

Let's go with 8:00pm EDT / 5:00pm PDT, 55 minutes. Send me an email message (kevinh@minethatdata.com) if you want to join us, and I'...