article thumbnail

How to Track and Improve Ecommerce Customer Acquisition Effectiveness

ConversionXL

There’s more to ecommerce customer acquisition than increasing checkout conversion rates. The key is ongoing measurement and testing to understand which acquisition strategies work for your ecommerce business. In this article, you’ll learn how to gauge the effectiveness of any customer acquisition strategy.

article thumbnail

Product Design for SaaS Startups: Best Practices and Examples

ReadWriteStart

They poured their hearts and souls into creating an innovative product fueled by the desire to make a difference in the lives of their target audience. The goal is to create products that meet but exceed the expectations of your audience. However, despite their best efforts, they struggled to gain traction.

Design 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

Airbnb learned its audience used Craigslist to list and search for accommodation. Acquisition. For each potential channel, look at: Customer acquisition cost How many customers you can reach Whether the channel reaches the right audience. Airbnb and Dropbox: Exploring two of the most popular growth hacking case studies.

Retention 113
article thumbnail

How to Write a Business Plan for a SaaS Company

Up and Running

There are common components in every business plan, but a SaaS (or subscription) business plan should have a special focus on customer acquisition (ie. Customer acquisition plan. Make this into a story and engage your audience. The key to a good problem statement is making it “real” for your audience. Yes, of course.

article thumbnail

The only 2 ways to build a $100 million business

Version One Ventures

Generally speaking, there are two ways (and only two ways) to scale a business to hit that $100 million threshold: Your business has a high Life Time Value (LTV) per user, giving you the freedom to spend a significant amount of money in customer acquisition. In addition, churn tends to rise as a company grows.

article thumbnail

Four Major Startup Stages That You Should Know About

YoungUpstarts

How am I going to target the right audience? You have a low churn rate and you are in the business for last five years at a minimum. Further Customer Acquisition. You need to improve your customer acquisition process. Let’s say you were just targeting a certain type of audience when you started for the first time.

Startup 113
article thumbnail

How to Design, Launch and Automate a Referral Program for Your Business

Up and Running

If not, now is the perfect time to get in on this effective and easy-to-implement user acquisition channel. Referral marketing is a user acquisition channel that allows you to leverage your existing user base for growth by incentivizing them with rewards. Like any other user acquisition channel, your efforts need to be cost-efficient.