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Ep 457: How To Lower Your Customer Acquisition Cost (CAC) With Jordan West

Ep 457: How To Lower Your Customer Acquisition Cost (CAC) With Jordan West

FromSecrets To Scaling Your Ecommerce Brand


Ep 457: How To Lower Your Customer Acquisition Cost (CAC) With Jordan West

FromSecrets To Scaling Your Ecommerce Brand

ratings:
Length:
13 minutes
Released:
May 16, 2023
Format:
Podcast episode

Description

Customer Acquisition Cost or CAC is a vital measure that tells the efficiency of your various campaigns. It can determine how costly or profitable it is for your company to stay stable and scale. Lowering CAC is what keeps most business owners up at night. In this episode, Jordan West discusses what CAC is and how to reduce your CAC in 2023 effectively.Listen and learn in this episode!Key takeaways from this episode:How to lower your CAC:Prioritize organic marketing. Organic marketing channels such as TikTok, Instagram, and SEOs are effective in driving customers to your store without costing you so much.Focus on your AOV. The higher your AOV gets, the higher you can spend on CAC. Keep your marketing budget on that 20% mark.Create an order minimum for free shippingBundle products to create packagesDo some up-selling or cross-sellingIncorporate live chats and live events           3. Lower your cost of goods sold. Every dollar you’re not spending on your manufacturing can be in your pocket or spent to acquire new customers.Getting your marketing budget right is knowing how much you can spend to stay stable and how much you can start to scale from there.CAC is not all about your ads. Your email flow, SMS flow, pop-ups, social media, word-of-mouth, SEO, direct mail, traditional advertising, and how well you’re targeting and retargeting people also matter. Social Media is still one of the best ways for DTC brands to get customers, but all channels work in tandem with each other.  Industry benchmarks can be helpful for early-stage companies to keep the CAC sustainable.Get 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.We love our podcast community and listeners so much that we have decided to offer a free eCommerce Growth Plan for your brand! To learn more and how we can help, click here: upgrowthcommerce.com/grow Join our community and connect with other eCommerce brand owners and marketers! https://www.facebook.com/groups/secretstoscalingpodcast
Released:
May 16, 2023
Format:
Podcast episode

Titles in the series (100)

Are you an entrepreneur or ecommerce store owner looking to scale your business? Then join ecommerce marketing experts Jordan West and Sean Lang as they reveal what’s working in online marketing today to scale your business. Twice a week they walk you through what’s working in paid ads and talk to successful ecommerce business owners that have scaled their businesses to 7 figures and beyond. Learn from gurus in paid traffic on Facebook ads, YouTube ads, Google Adwords (now Google Ads), Google Shopping, Bing Ads, Bing Shopping Ads, retargeting, Instagram Ads, LinkedIn ads, Google Analytics, landing pages and more. We talk about how to write good ad copy, create banner ads that sell, which creative works for which ad platform and more. We talk about everything that is working right now (and not working) to help you scale your business so you know exactly what your next year of online sales is going to look like. Once you nail paid advertising it is like a faucet that you can turn on and off at will. Let’s show you how to build the paid traffic faucet!