Remove CPA Remove Internet Remove Metrics
article thumbnail

Business ecology and the four customer currencies

Startup Lessons Learned

A business that strives for something like this should absolutely be charging money from day one, in order to establish baselines for their two key metrics: CPA (the cost to acquire a new customer) and LTV (the lifetime value of each acquired customer). This is the simplest ecosystem and simplest driver of growth. Sorry about that.)

Customer 156
article thumbnail

How to Create a Marketing Funnel by Responding to Customer Behavior

ConversionXL

However, with every new technology, channel, and distraction served up by the internet, that journey becomes less linear, and the traditional funnel becomes less relevant. You can do this by tracking metrics and user behavior. Cost per acquisition (CPA). Total media spend / new customers acquired via media = CPA.

Customer 140
Insiders

Sign Up for our Newsletter

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

article thumbnail

It's a startup, not a spreadsheet

Startup Lessons Learned

In a startup context, numbers like gross revenue are actually vanity metrics, not actionable metrics. Luckily, we also discovered that certain other metrics, like LTV and CPA were much better than we initially projected. Even that early, it became clear that 4% was not an achievable goal. June 8, 2009 1:16 AM Colin said.

article thumbnail

Episode 9: Lean Business Planning with Tim Berry | The Bcast

Up and Running

Tim: On the other hand, there is internet, sad to say, of kittens, so Jonathon’s sound … Jonathan: I’m just hitting a demographic, man, that’s all. How do you guys do this on the internet? You really want to have metrics or measurement, which I think is one of the real areas for good creativity and management.

Lean 60
article thumbnail

7 Retargeting Case Studies That’ll Boost Your Current Campaigns

ConversionXL

Second, they defined these audiences by funnel stage, location, on-site behavior, and Internet service provider (ISP). Conversion Optimizer is an AdWords function that allows you to set your remarketing campaign on autopilot while using machine learning to find the best possible combination of targeting metrics to get you a conversion.

article thumbnail

Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

Master of 500 Hats: Startup Metrics for Pirates (SeedCamp 2008, London) This presentation should be required reading for anyone creating a startup with an online service component. He also has a discussion of how your choice of business model determines which of these metric areas you want to focus on. Choose one.

article thumbnail

The 5 Top Customer Metrics You Need To Track

Duct Tape Marketing

The 5 Top Customer Metrics You Need To Track written by Guest Post read more at Duct Tape Marketing. Metrics are the lifeblood of almost every successful business. Fortunately, the Internet makes collecting metrics remarkably simple. Fortunately, the Internet makes collecting metrics remarkably simple.

Metrics 28