Is it tall enough? Can it be taller?
Posted: Sun Dec 15, 2024 8:15 am
Now ask yourself:
I bet you could create an email with new ideas for your existing customers and sell them an additional $300 each month. In seconds. For just pennies on the dollar in terms of labor and tools.
With new and simple ideas, you can increase your LTV.
Here we tell you why it is important.
LTV tells you about your acquisition costs
Once you've increased your average customer lifetime value, you can spend more on canadian healthcare and medical email list acquisition.
Higher LVT equals more space for acquisition. You already know that your average customer will spend more than what the acquisition costs, which will allow you to make more extravagant and bold plots to keep customers.
Instead of focusing so much on keyword costs and content creation costs or how much a link costs you, you can focus on creating a better acquisition strategy.
You are not limited to such a small budget.
LTV tells you your CPA . If you don't know your customers' LTV, you can't know what the right CPA is, since everything is relative to your customers' spending.
For example, if your LTV is $120,000 and you spend $3,0000 on acquisition it's a piece of cake.
But if you don't know your LTV, suddenly $3,000 doesn't seem like it's within your budget and profits.
The problem is that CPA doesn't necessarily tell you your LTV.
For example, just because you spent $500 to acquire customer X, it doesn't mean that customer automatically has a high LTV.
Spending too much of your LTV is a recipe for bankruptcy.
But if your average customers have a high LTV, then you can spend a lot more on acquisition.
This gives you room to try bigger and better strategies like direct mail and account-based marketing, where you can spend more money on high-value, targeted campaigns.
For example, years ago an agency focused on web design and development, they took an account-based marketing approach to land high-value clients.
I bet you could create an email with new ideas for your existing customers and sell them an additional $300 each month. In seconds. For just pennies on the dollar in terms of labor and tools.
With new and simple ideas, you can increase your LTV.
Here we tell you why it is important.
LTV tells you about your acquisition costs
Once you've increased your average customer lifetime value, you can spend more on canadian healthcare and medical email list acquisition.
Higher LVT equals more space for acquisition. You already know that your average customer will spend more than what the acquisition costs, which will allow you to make more extravagant and bold plots to keep customers.
Instead of focusing so much on keyword costs and content creation costs or how much a link costs you, you can focus on creating a better acquisition strategy.
You are not limited to such a small budget.
LTV tells you your CPA . If you don't know your customers' LTV, you can't know what the right CPA is, since everything is relative to your customers' spending.
For example, if your LTV is $120,000 and you spend $3,0000 on acquisition it's a piece of cake.
But if you don't know your LTV, suddenly $3,000 doesn't seem like it's within your budget and profits.
The problem is that CPA doesn't necessarily tell you your LTV.
For example, just because you spent $500 to acquire customer X, it doesn't mean that customer automatically has a high LTV.
Spending too much of your LTV is a recipe for bankruptcy.
But if your average customers have a high LTV, then you can spend a lot more on acquisition.
This gives you room to try bigger and better strategies like direct mail and account-based marketing, where you can spend more money on high-value, targeted campaigns.
For example, years ago an agency focused on web design and development, they took an account-based marketing approach to land high-value clients.