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Linking lifestyle to customer lifetime value: An exploratory study in an online fashion retail market

机译:将生活方式与客户终生价值联系起来:在线时装零售市场的一项探索性研究

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摘要

This study explores how lifestyle can explain the heterogeneous customer lifetime values (CLVs) among various market segments, We develop a latent class model of purchase frequency, lifetime duration, and purchase amount to infer segment-level CLV. Customers' membership to each segment is presumed to depend on their lifestyle patterns. The proposed model is then applied to the transaction and lifestyle data of customers in an online fashion retail market. The empirical analysis reveals four customer segments that each has a unique lifestyle pattern: Individualistic Innovators, Rational Followers, Self-actualized Experts, and Integrated Shoppers. These segments differ in their magnitude of average CLV, partially explainable by segment members' lifestyle characteristics. The paper finally discusses some implications for improving customer relationships and raising revenues.
机译:这项研究探讨了生活方式如何解释各个细分市场之间的异构客户生命周期价值(CLV)。我们开发了一个潜在的购买频率,生命周期持续时间和购买量的潜在模型,以推断细分市场级别的CLV。假定每个部分的客户成员资格取决于他们的生活方式。然后将建议的模型应用于在线时装零售市场中客户的交易和生活方式数据。实证分析揭示了四个具有不同生活方式模式的客户群:个人创新者,理性追随者,自我实现的专家和综合购物者。这些细分受众群的平均CLV大小不同,部分原因可以由细分受众群的生活方式特征来解释。本文最后讨论了改善客户关系和增加收入的一些含义。

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