TEA 111: How Much Should You Spend To Get A New Customer?
(This episode is a re-run that originally aired on October 2, 2023.)
If you walked into Shark Tank, there are three pretty common questions you'd get asked. Most people know the answer to TWO of them: what are your sales? What is your profit?
But most can't answer: what's the cost to acquire a customer?
In the marketing world, the acronym for this is CAC. (Cost to Acquire a Customer)
Every successful business obsesses over this number and does so on two primary levels: "blended" and by marketing channel.
In this episode, Josh dives into what CAC is and a little exercise to determine what yours should be, based on your business model.
By knowing this information, you can pour on the marketing gasoline, so long as you're in your "Target CAC" range!
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
► Special Podcast Listener Deal On Our Scientific Facebook Ads Testing Course + Free 30-Minute Ads Expert Call Included (Only $10)
► Leave Us An Honest Rating, Email An Image Of Your Rating To team@theecommercealley.com, We'll Send You A $10 Amazon Gift Card As An Appreciation Gift!
► Learn About Our Mentorship Program For Ecom Brands Making Over $10k/month
► Follow Josh on social media:
YouTube | Instagram | Facebook | TikTok |
► Click here to join our free Facebook group to get additional resources & access to weekly LIVE workshops that will help grow your revenue. 🚀
Create your
podcast in
minutes
It is Free