Do you all know that it’s more costly to acquire new prospects than to retain existing ones!
That’s why extending your CLV is essential to a healthy business model & overall business strategy…
Don’t believe us? Here is an Ebook on 7 vital metrics every startup founder should know - you need to read if you want to increase profitability, retention and overall business success.
Why these 7 metrics are significant for your business and should be measured at regular intervals ?
In industries where your customers pay a monthly or annual fee, you normally want your Payback Time to be under 12 months.
The less time it takes to payback your CAC, the sooner you can start making money off of your new customers.
Generally, most businesses aim to make each new customer profitable in less than a year.