article thumbnail

Measuring new customer acquisition and loyalty: Best of the MarTechBot

Martech

Dig deeper: 4 tips to build customer loyalty with email Updated answer: When measuring the costs and benefits of acquiring new customers versus running a loyalty program with existing customers, there are several key performance indicators (KPIs) to consider for each group: For acquiring new customers: 1.

article thumbnail

Customer Acquisition Cost: The One Metric That Can Determine Your Company’s Fate

Neil Patel

Customer acquisition cost (CAC) is a metric that has been growing with the emergence of Internet companies and web-based advertising campaigns that can be tracked. Today, many web-based companies can engage in highly targeted campaigns and track consumers as they progress from interested leads to long-lasting loyal customers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Calculate Your Customer Acquisition Cost

Rock Content

In Digital Marketing , there are few numbers more important than your Customer Acquisition Cost (CAC). The Customer Acquisition Cost is a benchmark number used to establish how effective your marketing efforts are and, therefore, is a very important number to know by heart. How to reduce Customer Acquisition Cost numbers?

article thumbnail

3 ways to use predictive analytics to make better decisions 

Martech

Anticipating customer behavior to drive personalization. Enhancing lead scoring and customer acquisition. Improved customer loyalty. To do this well, integrate predictive tools with digital experience platforms, customer data platforms and other tools that send communications to customers like CRMs.

article thumbnail

How to Build Trust With Your Customer Marketing Strategy

Marketing Insider Group

Many B2B companies spend a large amount of their marketing budget on customer acquisition. One area companies often neglect to invest in is customer marketing. Leveraging marketing automation tools helps you better understand the needs of customers, gauge their satisfaction, and get feedback on your products or services.

article thumbnail

Customer Loyalty: why your company needs a loyalty program and 5 brands to inspire

Rock Content

But customer loyalty is the key to reach sustainable growth in any business. Let’s talk about what it is, why to do it, and how to plan a perfect customer loyalty program. We’ll cover the following topics: What is customer loyalty? What are the benefits of having loyal customers?

article thumbnail

When and how to move beyond performance marketing to brand strategy

Martech

The end goal is increased brand awareness, customer loyalty, higher order values, more frequent visits and repeat business. These competitors may be more innovative, more aggressive or more willing to sacrifice margins for customer acquisition.