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One offer, to one targetmarket. This means when you do niche down, and sell 1 offer to 1 targetmarket… Your workload will decrease. So, she changed her entire business model to ONLY service this industry. Then, she developed a standardized offer for that industry, rather than customizing everything. The Results?
Finding the choke points in your funnel can help convert more customers and lead to a much smoother acquisition process. Cost Per Acquisition. Marketing is one of the largest expenses for many small businesses. You can measure funnels with Mixpannel , clicktale , appsee , Google analytics , Heap and many more.
Cost per acquisition = marketing spend over a period/number of conversions over the same period Another of my favorite marketing metrics is Customer Lifetime Value. You can use CLTV to identify the best and most profitable customer segments; which helps you choose a targetmarket, decide where to put your marketing resources.
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