Insights With Trent Munday

How to Apply CAC & LTV Metrics to your Referral Program #603

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Sinopsis

CAC (Cost of Acquiring a Customer) & LTV (Life Time Value) are metrics I spoke about back in Ep. 590. Referral Programs make sense for Spa businesses, but I don't see such programs in place very often. But what happens when you view your Referral Program through the lens of CAC & LTV Well, you might just decide to double-down on your Referral Program and make it a major part of your marketing strategy.   #customeracquisition #lifetimevalue #LTV #CAC