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5 Effective Ways for Startups to Lower Customer Acquisition Costs

Up and Running

Customer acquisition drives sales and profit margins and it needs to be measured and balanced together with the customers’ lifetime value (LTV). This article explains how businesses can resist one of the top startup killers known as high customer acquisition costs (CAC). So, what makes affiliate programs so attractive to startups?

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Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

Channel-level expertise: An understanding of how the channels work (e.g., Where Airbnb recognized the value in another platform, Dropbox doubled down on the strength of its product as a distribution channel. Acquisition. Focus on the channels that offer the best ROI. SEO, email marketing, Facebook advertising).

Retention 113
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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. Set specific targets on the sales channels and marketing initiatives you need, including the use of social media, brand building, franchising, trade shows, affiliates, and distributors.

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CXL Live 2022 Recap: Main Takeaways From 6 World-Class Marketers

ConversionXL

Daniel Layfield, Growth Product Manager at Codecademy. Dave Gerhardt: “Lessons I wish I knew as a first time B2B marketing leader” With his experience as a marketing manager first and a CMO now, Dave Gerhardt knows that being a marketing leader requires both marketing expertise and a set of marketing skills.

B2B 94
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[Review] The Social Customer

YoungUpstarts

Covering a wide range of topics on social Customer Relationship Management (CRM), this ambitious book spans a wide spectrum of social business topics. They range from social customer insights, marketing, sales, analytics, demand management, support, and customer experience, to mobile and location based services. Defining Social CRM.

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How Startups Can Use Metrics to Drive Success

Both Sides of the Table

You Manage What you Measure. One of the things I discuss the most with the portfolio companies I’m involved with is that “you manage what you measure.”. Or they go in the opposite direction and spend too much time capturing & measuring data that isn’t used to make management decisions. Customer Acquisition.

Metrics 346
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6 Ways To Win By Creative Partnering With Competitors

Startup Professionals Musings

Similar companies, even though competitors, usually face economies of scale and overlapping distribution channels. Affiliate marketing and link exchange agreements. Good strategic partnerships often lead to strategic investments, or great acquisition relationships. Capitalize on shared costs and common distribution.

Partner 434