article thumbnail

Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

Acquisition. For each potential channel, look at: Customer acquisition cost How many customers you can reach Whether the channel reaches the right audience. In the acquisition phase, measure these performance metrics: Customer acquisition cost Conversion rate Website traffic Click-through rate Bounce rate Quality of leads.

Retention 113
article thumbnail

[Review] The Social Customer

YoungUpstarts

The greatest challenge of the social media age isn’t to grow the largest fan or follower base. Rather, it is this: “How can we better reach prospects, convert them to customers, and serve their interests through social media?”. 2 Differentiate Social CRM from its components. 3 Measure Social CRM holistically.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Increase Repeat Purchases with Cohort Analysis

ConversionXL

In my daily work with ecommerce brands, I see two types of companies: The first type focuses on acquisition and conversion. Overall acquisition costs for both B2C and B2B have gone up by 50% in the past five years. Maybe last month you changed how you share social media content and attracted new followers.

Retention 126
article thumbnail

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?

article thumbnail

Top Digital Marketing Strategies For Startups

YoungUpstarts

Here are a few of the many channels they can help your business excel in: Traffic Acquisition. No traffic means no sales, so it’s important to figure out a traffic acquisition strategy that works for your brand. Social Media Marketing. Affiliate Marketing. Referral Marketing.

Affiliate 129
article thumbnail

Strategy Roundtable For Entrepreneurs: 75th Session Spotlights The Midwest

ReadWriteStart

The company addresses a widely-experienced pain: employers are now using social networks for background check on issues such as comments about prior employers, substance-usage, and general image issues that may come across as red-flags to a prospective employer. The discussion today was around Social Media financing and go-to-market strategy.

Illinois 114
article thumbnail

If you build it, they won't come, unless.

A Smart Bear: Startups and Marketing for Geeks

We're going to use an affiliate program so our customers sell it for us.". Of course it's not that simple, and many business plans I've seen (unintentionally) omit many of the true costs of acquisition. Tags: How-To advertising branding lead-gen marketing positioning social media. We're going to get reviews on blogs.".