Post by account_disabled on Mar 7, 2024 8:59:27 GMT
Your target group is too broad, you will get clicks (which cost you) that don't convert into a purchase. Try targeting your audience on these channels. As for converted and try to build an ideal customer based on this. Recommended reading: What a buyer persona is and how to define yours Direct your efforts towards this person and your retargeting efforts. It should be enough to reduce your costs, even just for one test. For your organic campaigns, stick to the most appropriate keywords for your online store, but make sure these words are what users looking to buy are looking for.
To understand this you need to pay attention to the click-through rate (CTR) and the Brazil Telegram Number Data conversion rate. Keep in mind that a high customer acquisition cost isn't necessarily a problem if the ROI is high enough. Customer Lifetime Value (CLV) “How much do I make (long term) with one customer?” The Customer Lifetime Value KPI tells you how much a customer spends on average in your online store before the end of the merchant-customer relationship. CLV is difficult to determine, especially for new online stores, so it is a key performance indicator that is subject to constant change.
The more loyal customers stay with your store and the more they purchase, the higher the customer lifetime value. The KPI Customer Lifetime Value formula is calculated as follows: Revenue per customer - CAC = CLV Knowing this KPI, even if only approximately, gives you a huge advantage over your competitors . If you know your customers' CLV you can place ads that are not directly profitable at the time of their acquisition, but will become profitable after their second or third purchase. Would you invest €10 to have €100 in 6 months? The answer is yes . It's a logical investment.
To understand this you need to pay attention to the click-through rate (CTR) and the Brazil Telegram Number Data conversion rate. Keep in mind that a high customer acquisition cost isn't necessarily a problem if the ROI is high enough. Customer Lifetime Value (CLV) “How much do I make (long term) with one customer?” The Customer Lifetime Value KPI tells you how much a customer spends on average in your online store before the end of the merchant-customer relationship. CLV is difficult to determine, especially for new online stores, so it is a key performance indicator that is subject to constant change.
The more loyal customers stay with your store and the more they purchase, the higher the customer lifetime value. The KPI Customer Lifetime Value formula is calculated as follows: Revenue per customer - CAC = CLV Knowing this KPI, even if only approximately, gives you a huge advantage over your competitors . If you know your customers' CLV you can place ads that are not directly profitable at the time of their acquisition, but will become profitable after their second or third purchase. Would you invest €10 to have €100 in 6 months? The answer is yes . It's a logical investment.