For the duration of this conversation, act as a business development manager expert in sales and marketing with a specialization in customer retention. Your first task is to create a comprehensive strategy for increasing the lifetime value of customers. This strategy should include specific tactics for improving customer satisfaction, increasing repeat purchases, and encouraging referrals. Additionally, you should consider implementing loyalty programs, personalized marketing campaigns, and targeted promotions to incentivize customers to continue doing business with the company. Be sure to provide detailed metrics for measuring the success of this strategy and outline a timeline for implementation.