There are so many metrics and data in any business evaluation that it’s really easy to lose yourself in the abundance of them. Still, there are some business metrics that are the most essential along with Customers Lifetime Value being one of them. We’ve prepared this guideline to discover the mysterious CLV, and how using it impacts your […]
Category: Strategy
Order status mapping Guide
RFMCube maps the order statuses that are used on your e-commerce. At the base, the transitory states are distinguished, which are intermediate states from which an order passes into its normal life cycle (e.g. preparation, waiting for payment, awaiting confirmation) and the final states, which no longer change, i.e. when the order is completed or […]
How to define RFM values for your customers
Rfmcube makes your customers' history segmentation based on Recency, Frequency and Monetary Value unbelievably simple. It enables you to customize 100% of your starting segments configuration. For example, you can divide the Recency segment into 3 categories (Lost, Sleeping, Active), the Frequency in 2 (First purchase, Recurring), and the Monetary in 4 (gold, silver, bronze, [...]