Importance of Identifying High-Lifetime-Value Niches
Understanding the importance of identifying high-lifetime-value (LTV) niches is crucial for businesses seeking sustainable growth and profitability. By focusing on niches with customers who have a higher propensity to make repeat purchases, businesses can maximize their revenue over the long term. This prompt explores the significance of identifying such niches, highlighting their potential to increase customer loyalty, reduce marketing costs, and enhance overall business performance.
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