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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

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.

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

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. The best way to do this is to reference actual data from a recent similar startup success. Budget time and dollars for each.

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Paranoid Companies Miss the Best New Opportunities

Startup Professionals Musings

If your "competitor" isn't really competing with your direct market, you can refer business to each other without anyone losing customers. Affiliate marketing might actually be one of the more effective (and easier) ways to partner with someone else in the industry. Cross endorsement.

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Your Toughest Competitor May be Your Best Partner

Startup Professionals Musings

If your "competitor" isn't really competing with your direct market, you can refer business to each other without anyone losing customers. Affiliate marketing might actually be one of the more effective (and easier) ways to partner with someone else in the industry. Cross endorsement.

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[Review] The Social Customer

YoungUpstarts

Social Commerce – actual conversation to sales, customer reach and group marketing efforts, often by affiliates. #4 The goal here is to provide integrated and seamless customer-support across all touch-points, from reach, acquisition, conversion, to after-sales customer service, customer loyalty to customer advocacy. #5

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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. Affiliate Marketing. It’s up to you how much commission from each sale the affiliate will receive.

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