Search Results for: customer insights

Customer Retention vs Acquisition Cost: Which One Should You Focus?

Customer Retention vs Acquisition Cost: Which One Should You Focus? cover
Growth

Customer acquisition is the process of attracting and converting potential customers into paying customers. It generally involves creating brand awareness and driving prospects down the marketing funnel until they convert to paying customers. So let’s see when you should prioritize one metric over the other and how you can boost your customer retention rates.


Customer Acquisition Cost vs Lifetime Value: What’s the Difference?

Customer Acquisition Cost vs Lifetime Value: What’s the Difference? cover
Growth

Customer acquisition cost (CAC) is the money a business spends on acquiring new customers (who purchase its products or services). The metric measures the average cost incurred in acquiring one customer. Tracking them allows you to allocate resources effectively and optimize your sales and marketing budget.


Customer Churn Rate: How to Calculate and Improve Churn

Customer Churn Rate: How to Calculate and Improve Churn cover
Growth

Customer churn is the rate at which customers discontinue their subscription or stop using a particular product or service. This article shows you various ways to calculate churn, make sense of the data, and create proactive solutions to retain more customers.