Monday, July 23, 2018

We’re still clueless about lifetime value

If an Apple upgrade breaks your phone and you switch to Android, it costs Apple more than $10,000.
If you switch supermarkets because a clerk was snide with you, it removes $50,000 from the store’s ongoing revenue.
If a kid has a lousy first grade teacher or is bullied throughout middle school, it might decrease his productivity for the rest of us by a million dollars.