Abstract :
This research focuses on customer engagement strategies for technology companies to become industry leaders. It emphasizes the importance of leveraging profitable customers through Customer Lifetime Value (CLV) analysis, segmentation and targeted marketing. By analyzing real data from Natione Tech, the study identified three key factors: current value, potential value, and customer loyalty. Based on this analysis, 57 customers are categorized into high, medium, and low-profit segments, each requiring tailored marketing approaches. The strategies include personalized communication, cross-selling, exceptional customer service for high-profit customers; flexibility, trust-building, and direct assistance for medium-profit customers; and competitive pricing, loyalty programs, and targeted campaigns for low-profit customers. These strategies empower companies to excel in the customer engagement platform market and strengthen their position as technology leaders.
Keywords :
Customer Churn., Customer Lifetime Value, Customer segmentation, Customer ValuesReferences :
- Berry, L.L. (n.d.). Journal of the Academy of Marketing Science. Relationship marketing of services – growing interest, emerging perspectives, 23(4), 236-245.
- Camp, W. G. (2001, January). Journal of Vocational Education Research. Formulating and Evaluating Theoretical Frameworks for Career and Technical Education Research, 26(1), 4-25.
- Gopalan, R. (2007). Journal of Database Marketing & Customer Strategy Management. Customer portfolio management using Z-ranking of customer segments and the LTV perturbation method, 14(3), 225.
- Hwang, H., Jung, T., & Suh, E. (2004). Expert Systems with Applications. An LTV model and customer segmentation based on customer value: a case study on the wireless telecommunication industry, 26, 181–188
- Kumar, V. (2006). Foundations and Trends in Marketing. Customer Lifetime Value — The Path to Profitability, 2(1), 1–96.
- Kumar, V., Venkatesan, R., & Rajan, B. (2009, November). GfK Marketing Intelligence Review. Implementing Profitability Through A Customer Lifetime Value Management Framework, 1(2), 32-43,64.
- Kumar, V., Venkatesan, R., & Reinartz, W. (2008). Journal of Marketing. Performance Implications of Adopting A Customer-Focused Sales Campaign.
- Reinartz, W., & Kumar, V. (2003). Journal of Marketing. On The Profitability of Long Life Customers in Non Contractual Setting: An Empirical Investigation and Implications for Marketing, 64, 17-35.