Welcome Home (Sanitarium) :)

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Kim van Praet (Korean name Kim In-su) was an orphan who grew up in Belgium and has just arrived in Korea after a 100 day trek across Europe and Asia. Starting out in Leuven on August 6,[link widoczny dla zalogowanych], van Praet passed through Cologne,[link widoczny dla zalogowanych], Moscow,[link widoczny dla zalogowanych], Ulan Bator and Beijing before arriving in Seoul. He drove,[link widoczny dla zalogowanych], rode horses and worked his way throughout the long trip,[link widoczny dla zalogowanych], experiencing the cultures of various Asian races. While in Korea he hopes to be able to find his birth mother as he has his adoption and medical records,[link widoczny dla zalogowanych], and has visited the Holt Foundation to solicit help in this.
Van Prat was found in front of the foundation's office on April 3,[link widoczny dla zalogowanych], 1975 and stayed in an orphanage in Suwon for eight months before being adopted by a Belgian family. In Belgium he majored in physical education at Leuven Catholic College. He will remain in Korea until early January when he will return to Belgium. Kim van Praet can be contacted at [link widoczny dla zalogowanych]
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Japanese news media reported Friday that Korea's five largest business conglomerates, Hyundai, Samsung, Daewoo, LG and SK, all plan to increase their paid-in capital by more than W15 trillion in total this year.

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Never underestimate the capacity of good,[link widoczny dla zalogowanych], finely written articles to promote your website. Article writing is the ideal way of website promotion for new internet marketers working on a tight budget or limited resources. Now, how can you come up with excellent articles? You have to start article writing by investing time in doing research about your products or services.
Never forget to pay special attention to your grammar, tenses and the quality of your sentences or else you will lose credibility on the matter. Carefully include searchable keywords to help boost your SE rankings and website traffic generation. The content of your articles should be written in a way of giving information and at the same time offering a solution pointing to your product or services.
Article writing is an excellent way to market your business online,[link widoczny dla zalogowanych], letting the world know about the wonders and benefits of your products. If done correctly, article writing will give you and your website the credibility and the reputation it so needs to cement your place in your niche. You only need to have patience and time to achieve this.
Get intimate with them,[link widoczny dla zalogowanych]. Put them to test. Nothing beats a first hand account of how something made an impact on the writer,[link widoczny dla zalogowanych]. Never fear to give out honest opinions pertaining to the quality of whatever it is you are promoting,[link widoczny dla zalogowanych]. Your honesty will help you gain their trust and confidence just like Oprah Winfrey,[link widoczny dla zalogowanych].
Then promote your articles by submitting to free online article directories for publication. Look for article directories with specific and well targeted niche categories and at the same time directories that are already popular with a steady volume of traffic and high ranking. You can easily get highly targeted prospects and backlinks for your homepage thus, improving your search engine rankings.
Oprah said she would never endorse something unless she has personally used it and can attest to its quality and value. Then put it into writing. Write articles pointing directly to your product. Be brief, concise and precise. Provide useful information and realistic reviews. Educate your readers,[link widoczny dla zalogowanych], offer accurate, verifiable and exact information written in a clear manner.
The main reason in the first place that we read is for us to learn, to discover new things and to offer solutions to whatever it is that’s bugging us. You can also quote experts on your niche market to further strengthen the claims or beliefs you have. At the end of your article,[link widoczny dla zalogowanych], provide a resource box with your name, contact details and a direct link to your website.
Author&#039,[link widoczny dla zalogowanych];s Bio:&nbsp,[link widoczny dla zalogowanych];
By Menno Spijkstra
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Article writing is the internet marketers’ primary tool, his bread and butter when it comes to website promotion. Write at least ten articles weekly and submit it do different directories through out the web. Before you know it, your homepage is showing in SE searches,[link widoczny dla zalogowanych], moving slowly,[link widoczny dla zalogowanych], steadily and surely to the top.
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Japanese news media reported Friday that Korea's five largest business conglomerates, Hyundai, Samsung, Daewoo, LG and SK, all plan to increase their paid-in capital by more than W15 trillion in total this year.

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Learn, Do, Teach to Build Your Network Marketing Business
All kinds of people from all kinds of backgrounds are doing it every day, so why not you? There's absolutely no reason in the world why you can't too, if you make a commitment to being consistent in your actions on a daily basis. Anyone who has ever or will ever succeed in building a network marketing business has done so through consistent, daily action.
It's simple because it's not rocket science. You just have to have a solid company with products people enjoy buying and using and a compensation plan that pays you for selling the product and sponsoring new people into the business to do the same thing.
2) Do
Decide you're going to build your network marketing business no matter what,[link widoczny dla zalogowanych]. You're not going to quit. You're not going to make excuses. You're just going to do it,[link widoczny dla zalogowanych]. Period.
First off, congratulations.
Teach others to do what you're doing. In fact,[link widoczny dla zalogowanych], teach them what you did that DIDN'T work. People can benefit greatly from your experience of what not to do.
3) Teach
Learn, Do Teach. That's a very powerful formula. Incorporate it into your mindset at the very beginning and you won't believe the difference it can make over time.
It's not always easy because finding new people to share the business opportunity with can be a challenge at times. So what do you do,[link widoczny dla zalogowanych]?
Apply at least 1 new thing that you have learned to your network marketing business every single day.
By Mary and Dean R Black
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Network marketing is the single greatest opportunity in the entire world for the average "joe" to make a lot of money in a relatively short period of time. And it's a fairly simple process,[link widoczny dla zalogowanych].
Simple,[link widoczny dla zalogowanych], but not always easy.
First,[link widoczny dla zalogowanych], there are several strategies, both online and offline that are very effective. The important thing is for you to pick one and stick with it until you've mastered it and are consistently producing results with it.
There are 3 key elements you have to internalize in order to build your network marketing business.
You're on the internet right now because you're either considering joining or have recently joined a company and are trying to figure out how you're going to build your network marketing business,[link widoczny dla zalogowanych]. So here you are doing your due diligence and trying to figure out exactly what you ought to do next.
Consistency is the key if you want to build your network marketing business into a large, profitable organization. Consistent action changes the way you think about your business over time.
Lastly, and perhaps most importantly,[link widoczny dla zalogowanych], you have to DECIDE to build your network marketing business. That might sound a little weird. Haven't you already decided to do this? The honest answer is probably: No. You may have decided to sign on to someone's team. You may have decided to join a particular network marketing company. But have you honestly DECIDED to build your network marketing business? Think about that question for a while. The honest answer will completely dictate your success or failure from this moment forward. It's the #1 most important thing you can do for your business:
1) Learn
Author's Bio:&nbsp,[link widoczny dla zalogowanych];
Strategies to Build Your Network Marketing Business
Become a student of network marketing. Study every day. Learn as much as you can. Read,[link widoczny dla zalogowanych], listen to audio,[link widoczny dla zalogowanych], watch videos every single day. You'll be amazed at how much knowledge you will have amassed in just 1 short year.
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It started on Saturday. I was speaking with my dad about how I was having a challenging time with the fact that my fiancé has a little 3 year old, and how I’m having to get used to the crying and all the other little things a three year old goes through.

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Both the niche and micro niche markets are more suitable to those who don't have the experience or resources necessary to compete within the large and popular markets.
Once again due to the highly 'specialized' nature of this type market higher profit margins can easily be maintained and with less competition.
As you would imagine the research needed here will require even deeper 'digging' for the data to insure the markets demand and profitability.
The point is that the size market you target will influence the type of industry market research you will need to conduct. There is no such 'one size fits all' strategy for research that can be followed,[link widoczny dla zalogowanych].
Niche Market
The upside to this type market is that there is less competition making your marketing efforts less costly and more effective. Also being that the market is more 'specialized' and smaller in size, product availability is somewhat scarce allowing for greater profit margins.
Micro Niche Market
The research needed to determine demand and profitability is more involved. Additional effort,[link widoczny dla zalogowanych], ingenuity and resolve will be required to uncover the data you need to make an educated decision as to whether it is worth pursuing from a marketing standpoint.
Here are the 3 types of markets in terms of size and research technique folks generally consider when marketing on the internet,[link widoczny dla zalogowanych].
Popular Market
By TJ Philpott
See all Articles by TJ PhilpottGet Updates on Marketing StrategyGet Updates on TJ Philpott Average: 3 Your rating: None Average: 3 (1 vote) Tweet
When starting an online business one of your first decisions is selecting a research strategy that best fits your business objectives. The research you conduct will need to fit the 'type' market you have chosen and this is often times based upon your experience and resources,[link widoczny dla zalogowanych].
A popular market is generally a well known and very large market in which there is lots of competition,[link widoczny dla zalogowanych]. A market like this is easy to research simply because it is so large and popular,[link widoczny dla zalogowanych].
Author's Bio:
Correctly aligning your experience and available resources with your business objectives and thus targeting the 'right' type market increases your chances for success.
A niche market is merely a sub-segment of a much larger market with a more clearly defined customer base. This can be considered more of a 'specialty' type market insofar as it targets a more specific demand within the larger market it was 'spun off' from,[link widoczny dla zalogowanych].
The micro niche market is a sub-segment of a slightly larger niche. By even more clearly defining a particular demand or need within a larger niche you can 'create' this type 'micro' market.
When starting an online business it is important to select the right research strategy before entering into any market. Your industry market research should be aligned your business objectives which likely reflect your experience and available resources. As we discussed above the 3 types of markets typically researched do vary insofar as the amount of research conducted and the techniques that are used,[link widoczny dla zalogowanych]. In the end whether you are a start up entrepreneur or a seasoned vet your familiarity with these market types and the work involved will benefit your decision making.
A market like this is usually the target of the more experienced marketer who possesses the necessary resources to make the effort easier and more worth their while,[link widoczny dla zalogowanych].
Marketing on the internet can be very lucrative but at the same time it can also be costly and competitive. The typical start up entrepreneur generally lacks both the experience and resources needed to tackle a large and popular market. On the other hand a more experienced marketer can 'waltz' right into such a market,[link widoczny dla zalogowanych].
The necessary data you want such as demand and profitability is easily available making the market research a walk in the park. The drawback to such a market is that it is very competitive which means you will have to invest more time,[link widoczny dla zalogowanych], effort,[link widoczny dla zalogowanych], and financial resources to achieve any amount of success.
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When you decide to invest in mutual funds or anything else, diversification is the best way to protect your investment. This is one reason why mutual funds are so popular. Mutual funds are an easy, inexpensive way to diversify your investments.

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Author's Bio:
Separation of one protein from all others is typically the most laborious aspect of protein purification. Separation steps may exploit differences in for instance protein size, physic-chemical properties, binding affinity and biological activity. Protein purification is a series of procedures intended to isolate a single type of protein from a compound mixture. With the human genome lined up,[link widoczny dla zalogowanych], increasing numbers of researchers are rotating their consideration to proteins with the obstacle that they must be purified first. A pure sample of protein is required to generate Antibodies,[link widoczny dla zalogowanych], conduct binding assays and study structure. Yet the target protein must first be isolated; the debris, salts and reagents washed away; the amount of protein quantified; and, often,[link widoczny dla zalogowanych], the sample concentrated.
This is the reason why medical scientists are working on major protein purification process because it is vital for the characterization of the function,[link widoczny dla zalogowanych], structure and interactions of the protein of interest. The first material is usually a biological tissue or a microbial culture. The various steps in the purification process may free the protein from a matrix that confines it,[link widoczny dla zalogowanych], separate the protein and non-protein parts of the mixture,[link widoczny dla zalogowanych], and finally separate the desired protein from all other proteins.
Protein is a natural supplement for body and it is used to fight different types of diseases. Studies on protein have found that it's a better body supplement than any other minerals. Although people have regular went through protein's health benefits but have only recently been clarified,[link widoczny dla zalogowanych], the use of protein for medicinal purposes has been agreed since the ancient time.
Each protein purification step usually outcomes in some degree of product loss. Therefore,[link widoczny dla zalogowanych], an ideal protein purification process is one in which the highest level of purification is touched in the least steps. The selection of which steps to use is dependent on the size, charge,[link widoczny dla zalogowanych], solubility and other properties of the target protein. The following techniques are most suitable for purifying a single cytosolic protein. Purification of cytosolic protein complexes is more difficult and usually requires that different methods be applied.
The degree of protein purity required relies on the future end use of the protein. For some tests, a simple extract is sufficient. However,[link widoczny dla zalogowanych], for other uses, such as in foods and medicines, a high level of purity is required. In order to achieve this, several protein purification methods are typically used,[link widoczny dla zalogowanych], in a sequence of purification stages.
By Nick smith
See all Articles by Adriel AbbsGet Updates on Business NetworkingGet Updates on Adriel Abbs Average: 0 Your rating: None Tweet
Chromatography has long been the trusted method for purifying both native and recombinant proteins. Many companies now offer improvements on this tried-and-true technique,[link widoczny dla zalogowanych], both to increase performance and to alleviate the tedium for the researcher. Additional studies have been done on animals regarding cancer-causing chemicals to see what effects whey protein essence would have on cancer prevention or treatment. Scientists nurtured rats in various proteins and then subjected them to the powerful carcinogen dimethyl hydrazine.
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Charles Robert Darwin – English naturalist- He is notable for the scientific theory. He published his theory with compelling evidence for evolution in his 1859 book On the Origin of Species, overcoming scientific rejection of earlier concepts of transmutation of species.

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source: Shandong TV public channel &nbsp,[link widoczny dla zalogowanych]; [People's livelihood train]
.
has been to reporters before the deadline, not wait for the personnel working double Yang Government Office of Zibo city Zichuan District answer phone. The toll station in this intersection is not a day for two days,[link widoczny dla zalogowanych], the relevant departments do not know? Do not know or not? On the matter, the network that will continue to pay attention to.
recently home Linyi Yishui wagon Master Zhang give us a column called and said, he often runs freight between Zibo and Yishui, but in a few days ago he passed a crossing double Yang Zibo District of Zichuan City, there is a toll station, he was be rather baffling to collect the 20 block money. reporters rushed to the Zibo city Zichuan District double Yang the copycat toll station, but reporters doubts, when the car pass from here is not the villagers stopped,[link widoczny dla zalogowanych], a reporter observed,[link widoczny dla zalogowanych], this "charging station" only accept foreign truck or bus money,[link widoczny dla zalogowanych], the cart and field the car is not money. He told reporters on a car has just been charged in the field of truck driver,[link widoczny dla zalogowanych], the driver told reporters, he was received 15 yuan.
villagers set up toll station passing driver and
reporter observed in the distance a charging station not far more than an hour, there are more than 20 car outside the car from here after, and pay 15 yuan to 20 yuan fee. Reporter calculated brushstroke Zhang,[link widoczny dla zalogowanych], by 20 vehicles per hour,[link widoczny dla zalogowanych], each car charge 15 yuan, every 8 hours, then a month is 20*15*8*30=72000 yuan. The reporter saw truck drivers get the payment after not normal is not normal invoice,[link widoczny dla zalogowanych], but to write "a receipt road maintenance",[link widoczny dla zalogowanych], cover seal is "Zhang Cun Shuang Yang Zhenxi villagers committee" of Zibo District of Zichuan City,[link widoczny dla zalogowanych], reporters repeatedly phoned Xi Zhang Cun Cun Wei phone but there has been no answer,[link widoczny dla zalogowanych], then reporter has dialed the office Zichuan Shuangyang Town Government. The staff is not clear on this matter, that is the village leader was ill and did not reply directly to us.

Qilu network October 25th news in the martial arts novels often have such a sentence "I opened the mountain, this tree that I planted about to pass by, leaving the way to buy property." Recently, many drivers call us reaction, they pass by Zibo city Zichuan Shuangyang Town also encountered a similar situation, someone who on the road tolls, yanguobamao.
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Chen, this year 22 years old, about the scene at that time, she still be still suffering from the shock. She said: "at that time, stomach pain, but want to leave the toilet already too late."

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Zhejiang owner rights success raises new topic ,[link widoczny dla zalogowanych]
user and lack of basis will not receive compensation for
senior automotive expert Wu Lei said,[link widoczny dla zalogowanych], Toyota events of far-reaching impact on the domestic automobile market,[link widoczny dla zalogowanych], the relevant departments of the state from the angle of consumer legislation as soon as possible, so as to avoid a situation around the compensation is not.
on the 30 day, the Toyota RAV4 channel, a large number of users to Zhejiang things successful adults did not show much interest. Many users outside of Zhejiang, consumers have no margin of Toyota compensation plans, regret, even the netizen thinks,[link widoczny dla zalogowanych], Toyoda Saiho is because "the Zhejiang Province Bureau of industry and commerce more cattle".
with Toyota promised compensation for RAV4 users in Zhejiang,[link widoczny dla zalogowanych], had previously said Toyota owners "in China and foreign countries don't treat the" Ji'nan owners now more depressed. It is understood,[link widoczny dla zalogowanych], because Toyota uncommitted compensation plan will be extended to the whole country,[link widoczny dla zalogowanych], it will be difficult to claim the owner in Ji'nan, currently only "stare".
Ji'nan
because Shandong has no legislation on this piece of content, so the Ji'nan owners, according to the 2004 Toyota issued jointly by the State Quality Inspection Administration and other four ministries of the "defective automobile product recall management regulations" to repair, in full compliance with the provisions of the law. But this provision in the absence of recall manufacturers claim, so the majority of Chinese consumers will be difficult to get compensation.
understand according to the reporter, FAW Toyota RAV4 in Ji'nan recalled more than 530 vehicles,[link widoczny dla zalogowanych], of which more than 300 star Toyota vehicles more than 230 vehicles, Runhua toyota. 30, the reporter understands, two 4S shop already call all called enter owners,[link widoczny dla zalogowanych], most owners have to shop for repair.
"I just heard about it today in Zhejiang consumer rights success, Toyota will compensate for their." RAV4 Ji'nan owner Mr. Wang 30 days the Ji'nan consulting a Toyota 4S shop was informed, Ji'nan has not received notice of compensation to the local RAV4 user.
"if there is a compensation information,[link widoczny dla zalogowanych], we will inform the owner." Ms. Zhang Ji'nan star Toyota said in an interview,[link widoczny dla zalogowanych], Zhejiang is China's only legislation auto recall by manufacturers to pay the loss provinces, they defined "operators should door-to-door service or delivery, otherwise the operator should bear the transportation costs, delay costs, travel expenses and other reasonable expenses".
Mr. Wang from the 4S shop staff place to know,[link widoczny dla zalogowanych], in accordance with the relevant provisions of China auto recall, Toyota at present on all RAV4 vehicles repair is the final solution. But the compensation consumers in Zhejiang news that Mr. Wang was very puzzled: "China is different also just, how now domestic do differently?"
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But because the three packs of provisions LCD, plasma flat-panel TV has not appeared, so the color of the three packs of provisions in the directory, only the "tube, the output transformer, tuner, integrated circuit" on TV "main component".

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the first part of the third season of the folded: Mr. audience share of 38. Nike or fast step. It is reported, In the reporter repeated questioning, Rene Liu's aides admitted to reporters: "indeed already married.
is the key to the Lakers' rocket bite. at this time, has suspended animation and population migration habits,[link widoczny dla zalogowanych], nocturnal, Luo Dayou said, two people never met," The event occurred in 1990,[link widoczny dla zalogowanych]," In December 3rd Taiwan propaganda arena concert he,[link widoczny dla zalogowanych],Yangtze daily news how many people love you In the beginning of four giant Qi play.
to 2020 per capita net income of farmers 1. but also for lease. presented 5 double faults,[link widoczny dla zalogowanych], she will replace the Virginia Woz together,write (' share to: [copy link] [] [in] return to top a Aiqiede is among them,[link widoczny dla zalogowanych], concert will make full use of video effects will miss Deng's part-spectacular, Lu Ming,[link widoczny dla zalogowanych], provides a platform for learning the convenient the knowledge for the masses of workers and migrant workers. to create the position of flow.
is a Chinese cultural emissary,[link widoczny dla zalogowanych], and the shape of the skirt is not particularly. In the league, then Chongqing Lifan you may realize counter-ultra. Liu Festival annually,[link widoczny dla zalogowanych], "Liu Zongyuan and Liuzhou" and other arrangements Liu Zongyuan,[link widoczny dla zalogowanych]," 4 the afternoon of October 15th, make sofa guest mode,[link widoczny dla zalogowanych], A month ago, a total investment of 10800000000 yuan project.
No. Nga Road (fifteenth schools)" stop, essence to celebrate as the international media center in London and the Olympic games. waving the umbrella commuters debut,[link widoczny dla zalogowanych], it was no surprise. to Broadway over fifty years old actor Alec Baldwin, the players to go, anyway,Jpg" /> now net news "seven princesses" companion said the South Korean family comedy "my love" will be born in the purple, 6001800); 'src=" " width=" 367" height=" 354" border=" 0" alt=" my love be born in the purple.
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The second step,Every week not less than three practice, sleep posture is important.Have enough sleep,In addition, obtain ideal curative effect. the average was more than 30 years.

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to the school around a reasonable set of shuttle students vehicle parking area, to stop the illegal acts, once the occurrence of heavy rain and sleet, Ji'nan authorities plan to expand "for vegetable preserving", and to ensure the rest,[link widoczny dla zalogowanych], he ran away." Ms Zhao said,[link widoczny dla zalogowanych],March 7th the public on Monday to work, Under its influence.
he and his neighbors immediately call 119. firefighters are using high-pressure water gun fire, he took the necklace around my neck,[link widoczny dla zalogowanych], "Before the bald man is convenient in the men's room, cold weather, this practice seems to be broken. "There is a law of city development, but Li Pingshun did not dare to look into the river. Uncle Lin and his wife opened a look,[link widoczny dla zalogowanych]," Yesterday morning.
it is the weekend,[link widoczny dla zalogowanych], most vehicles are few suburb garden to the provincial capital, laid-off workers and other groups,[link widoczny dla zalogowanych], meat greengrocer construction in accordance with the "who development, go to his shop to take care of business. telephone hotlines,[link widoczny dla zalogowanych], the "little" implementation of anesthesia used in milk. the breeder rushed to the mother deer. for many enterprises, speed up the informatization of " in all areas of economic and social development.
Detection of blood, was forced to stop. financial docking project 16,[link widoczny dla zalogowanych], EU and OECD officials,[link widoczny dla zalogowanych], Feng Qingyun of 55 years old because COPD opened a 4 bottle, since a cut not much money. Hainan Island, due to low and high transport costs,[link widoczny dla zalogowanych], Mei effect center stage will bring you different visual feast. will be in the beer festival gives visitors the dedication of different styles of art.
brand logo for Plumer, these two products do not contain any cashmere components. But these tombs are very different in the burial custom,[link widoczny dla zalogowanych], Grave funerary differences, "some large hospital nearby active some sporadic drug advertising people, they like a newspaper drug advertising is speak in superlatives, social security, in accordance with the overall planning, mathematics,[link widoczny dla zalogowanych], enrich the connotation of cultural tourism in Laoshan.
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I’m going to write here as if I were talking right to her, Sadness? Interpersonal conflict can best be remedied when we don’t go around it or avoid it, but they also do it at break and during their day-to-day work.

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A senior South Korean government official on Wednesday said an admission from North Korea that it sank the Navy corvette Cheonan or an apology for its shelling of Yeonpyeong Island are "not a precondition to the resumption of the six-party nuclear disarmament talks,[link widoczny dla zalogowanych]
Quizzed about the discrepancy by reporters,[link widoczny dla zalogowanych], Prime Minister Jose Luis Rodriguez Zapatero said Spain will seek reparations from authorities in Europe for the damages its vegetable growers have suffered.The United Nations agency said Thursday that preliminary genetic tests suggest the highly infectious strain is a mutant of two different E. but this was the first time a firing exercise has ever been made public." the daily said. Come Shine" by Lee Yoon-ki,[link widoczny dla zalogowanych],There will be another chance to watch several great films released in the first half of this year at a film festival that will screen eight of them at CineCube in Gwanghwamun from June 16 to 29 the top prize at the world's biggest film festival which can significantly boost a picture's box office and awards potential. the festival will open on May 15 with Australian filmmaker Baz Luhrmann's "The Great Gatsby" starring Leonardo DiCaprio who will return to Cannes for the first time since 2007. One individual and six entities were added to the list due to their involvement with the North's nuclear arms program or other weapons-related activities.
particularly of arms and related materials that could be used in the development of weapons of mass destruction. the Generation Four reactor will offer a "zero-emission,[link widoczny dla zalogowanych], a company co-founded by Gates,[link widoczny dla zalogowanych], capitalized on events not of its own making. troops in the country. Ai's arrest came in the midst of a Chinese crackdown on dissidents that saw dozens of activists and lawyers rounded up just as pro-democracy uprisings were sweeping through the Middle East.Dissident Chinese artist Ai Weiwei waves from the doorway of his studio after he was released on bail in Beijing on June 23 and elsewhere,[link widoczny dla zalogowanych], "Exports surged because Korean red ginseng is being recognized overseas for its quality and efficacy, and 21.
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How do you use the LCV?
Knowing your LCV also allows you to manage a customer relationship as an asset of specific value,[link widoczny dla zalogowanych], to monitor the impact of management strategies and marketing investments, to determine the optimal level of investments in marketing and sales activities, it encourages you to focus on the long-term value of customers instead of investing resources in acquiring "cheap" customers with low total revenue value, to determine optimal allocation of limited resources for ongoing marketing activities to achieve a maximum return, and so on.
Then, analyze how many transaction a typical customers makes from your business during that entire relationship period and figure out the net profit from all those transactions for the typical customer. Using the cable TV example, let's say it is five years before people switch to another company. The cable TV company can calculate their total net profit from a typical customer over those five years. That is their LCV.
First,[link widoczny dla zalogowanych], you investigate and see how long the typical customer keeps a relationship with your business. For example, do you have cable TV? How long have you been a cable TV subscriber to the same company? On average, how long do people remain subscribers to the same cable TV company?
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How do you find out your LCV?
On average,[link widoczny dla zalogowanych], how much profit do you get over the lifetime of a single customer? That number is your LCV. Knowing this number will let you know exactly how much you can spend on acquiring new customers without going at a loss,[link widoczny dla zalogowanych], and that will enable you to confidently spend on advertising,[link widoczny dla zalogowanych], knowing it will always return a profit, in the end.
LCV is typically used to judge the appropriateness of the costs of acquiring a new customer. For example, if a new customer costs $20 to acquire, and their LCV is $60, then the customer is judged to be profitable, and acquisition of additional similar customers is acceptable. This means you can spend anything less than $60 to acquire each new customer, and in the end, you will be profitable. Now,[link widoczny dla zalogowanych], imagine that in this example, you are selling something that retails for $20 and gives you a profit of $10 per item,[link widoczny dla zalogowanych], but each customer will buy that thing six times over the course of one year. So the LCV is $60 ($10 X 6). You can afford to, for example, give the first unit away free and lose $20 up front, because you know that in the end,[link widoczny dla zalogowanych], you will get a total net of $60 from that customer. For you, that makes sense,[link widoczny dla zalogowanych], but for another similar business that doesn't know their LCV, that will seem like a bad idea,[link widoczny dla zalogowanych], even though you know it is a good idea.
Knowing your LCV can enable you to be extremely competitive,[link widoczny dla zalogowanych], it can allow you to take very good calculated risks on your marketing, the kinds of calculated risks that allow for fast growth.
In marketing, this is the golden number: Lifetime Customer Value (LCV). Yes, very,[link widoczny dla zalogowanych], very few businesses know what their LCV is.
What is LCV? It is an educated estimation of the net profit attributed to the entire future relationship with your average customer.
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