Relationship with Innovators

Looking at customer lifetime value is an important metric in applying and measuring the success of relationship marketing efforts for a key account.  Vetting those accounts to see which perform better than others when relationship marketing is applied can help you hone your strategies and tactics.

Taking it one step further – if you look at the highest stage of a relationship, one that I will call “Innovator,” you should consider applying the same life-time value principle with a twist.  When a relationship is at the Innovator stage, that means they are literally co-creating with your organization and building each other into each respective company’s strategy.   Check out this blog post by Braden Kelley of Innovation Excellence: http://www.innovationexcellence.com/blog/2012/07/22/innovator-lifetime-value/

Being able to measure the performance of innovator-lifetime-value makes sense so you can gauge and manage these crucial high-end customers and give them the right kind of attention so you can keep and deepen that relationship your company worked so hard to gain.

Lisa Dennis

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