Hey Everyone,
I am Thinking to Build A Affordable Fast Fashion Clothing Brand
Story -
I Am from Bits Pilani , And I came From Tier 3 City In Up.
I found out That in my City There Is No Malls Like Zudio for Youngsters Like me And There Are Lot O
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Aditya Chourasia
Undergrad at Guru Gh... âąÂ 1y
There is too much competition. The customer acquisition cost will be high and for a long time you will suffer loss. So you will need a lot of capital. That is even when you do all the things right.
Guys what is the average customer acquisition cost of ecommerce website whose average price is 400. Iam only running instagram ads right now. So what should be my average conversion cost in general.
8 replies4 likes
FED KIIT
Federation of entrep... âąÂ 7m
Which metric is most commonly used by startups to measure product-market fit?
A) Customer Acquisition Cost (CAC)
B) Net Promoter Score (NPS)
C) Customer Lifetime Value (CLV)
D) Monthly Recurring Revenue (MRR)
Startup Terminologies Demystified đ
1) LTV (Customer Lifetime Value):
The total revenue a business can expect from a single customer during their entire relationship with the company. It helps measure how valuable a customer is in the long run.
WTF is CAC (Customer Acquisition Cost)âđ€đ
Let me explain this, Customer Acquisition Cost (CAC) is a key business metric that represents the total cost of acquiring a new customer. So, This includes all the costs associated with sales and marketing
Top 10 Metrics for Startups
đ Customer Acquisition Cost (CAC): How much does it cost you to gain a customer?
đ Lifetime Value (LTV): The total worth of a customer over their entire relationship with your business.
đ Burn Rate: How quickly are y
đ 10 CEO KPIs Every Business Leader Must Track! đđŒ
Running a business? These 10 Key Performance Indicators (KPIs) will help you stay ahead! đ„
đ Financial Performance:
â Revenue Growth â How fast are you growing? đ
â Gross & Net Profit Margin â
STARTUP TERMS TO KNOW - Day 1
1.PIVOT - A significant change in a startup's business model or strategy.
2.BOOTSTRAPPING - Funding a startup using personal savings or internal revenue without external help.
3.UNICORN - A privately held startup valu
Should Medial host offline/online events for startups?
Advantages:
1. Strong networking opportunities for the community.
2. Enhanced brand value for Medial.
3. Lower customer acquisition cost (CAC) and an additional revenue stream for Medial.
Wh
