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How to Measure Ecommerce Customer Acquisition Cost (+ Tips to Reduce it)

ConversionXL

Customer acquisition cost (CAC) is an important metric for any ecommerce business. It’s up to every ecommerce business to find the middle ground between investing too little in customer acquisition and spending beyond your means. Table of contents What is ecommerce customer acquisition cost? customer retention ).

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The Growth Marketing Process: How to Shake Your Growth Hack Addiction

ConversionXL

Make sure you have a good understanding of your value proposition, cost structure, revenue streams, customer segments, etc. via Ecommerce Growth Masterclass). So, to run with what Drew teaches, you could set three key results that, when multiplied together, would double your revenue. Archive and distribute the learnings.

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Be Real-World Smart: A Beginner's Advanced Google Analytics Guide

Occam's Razor

For our Market Motive Analytics training course , we provide students with access to one ecommerce and one non-ecommerce site because they simply can't learn well enough from my magnificent videos. Play with Enhanced Ecommerce Reports. SEO & PPC, Because You Should! Play with Enhanced Ecommerce Reports.

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What is A/B Testing? The Complete Guide: From Beginner to Pro

ConversionXL

If you call tests when you hit significance, you’ll find that most lifts don’t translate to increased revenue (that’s the goal, after all). Here’s an example from an ecommerce site: First couple of days: Blue (variation #3) is winning big—like $16 per visitor vs. $12.50 The “lifts” were, in fact, imaginary. Andrew Anderson.

Analytics 127
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Multi-Channel Attribution Modeling: The Good, Bad and Ugly Models

Occam's Razor

MCA-O2S covers the challenge of attributing the offline impact (revenue/brand value/butts in seats/phone calls/etc) driven by online marketing and advertising. But how do we distribute credit for the conversions across all those channels? Multi-channel attribution across digital channels. All three challenges are important.

Channel 161
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10 Rules for Winning (and Making More Money) in 2014

ConversionXL

So yes – companies spend ALL that money to get traffic to their site via SEO, PPC, social media and what not. What about PPC? So no wonder 59% of businesses have figured out that they should fix their conversion machine before pumping any more dollars into their PPC or SEO campaigns. Still not convinced?

PPC 123
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Excellent Analytics Tip #7: The Adorable Site Abandonment Rate Metric

Occam's Razor

(While it is absolutely possible to apply this metric to a lead capture process, or other websites processes, for reasons of absolute clarity and maximum impact this post will focus purely on the metric in the ecommerce world.). You have taken time to understand the distribution of departures between the cart and checkout processes.

Metrics 98