There is big difference between a Customer Acquisition Cost and a Cost Per Acquisition. #CAC measures the actual cost to acquire a customer. #CPA measures the cost to acquire everything, but a customer (a #lead, a #subscriber or a product trial) Read more >https://t.co/FuDjydIKRn
The biggest challenge that every founder of an early stage company faces – is going from product development to sales, most importantly repeatable sales. https://t.co/AbMGqlOKMh
Banner Blindness is a term that describes visitors trend to avoid looking on a page section that is traditionally associated with ads (even if that space is occupied with valuable information, rather than banners.) Full text in the first comment
Back in the early days, there were no #growth teams. You could meet lone individuals who could mix some ideas according to certain workflows and #tactics in one product. Those individuals sometimes would call themselves #growthhackers. Read more here 👉 https://t.co/HPA8jA3JBU
Fun fact about #Facebook Customer Acquisition Cost. FB's customers and users are the same, so their #CAC is the same as a cost per registration and activation or #CPA in other words.
Read more here:
https://t.co/ufclXVJVOz
There is no simple formula that you can paste your digits in and receive a Customer Acquisition cost!
⚠️To get started focus on
✅The time between of your first touch and an actual sale
✅The number of NEW customers
✅The cost of all assets needed to support the sales/marketing
Inconsistent #NPS scoring procedures will give you incomparable results among multiple surveys. Even such tiny detail as question order matters. #CUDATO#CustomerExperience
🔥Net Promoter Score (#NPS) - an indicator of #customer’s #loyalty based on the question of "How likely is it that you would recommend our company to your friends?"
It's a huge topic that I covered in my article - "A practical #Guide to NPS". The link is in the comments.
Customer loyalty, that is achieved with high Net Promoter Score isn't the only condition of growth, however, long-term organic #growth cannot succeed without it. Read the full article here: https://t.co/onsHGlv022
High Net Promoter Score should not be the main goal by itself since it doesn't automatically ensure company success. It simply measures the quality of the ongoing #customerrelationship, which is great but isn't enough to guarantee an effective organic growth. #CUDATO