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Advertising can be seen as an insurance. It has high close rates and shorter salescycles, and some of the usual metrics are lagging indicators (demos attended, proposals sent, and average deal size). Marketing : get a larger share of voice. Daniel Layfield, Growth Product Manager at Codecademy.
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This calculation goes beyond marketing costs and advertising dollars to include product costs, labor costs, shipping costs, and any other expenses that contribute to attracting and securing customers. For example, if your customer acquisition costs are high for PPC ads , you can move budget to a marketing strategy with a lower CAC.
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