Have you ever wandered through the labyrinth of marketing metrics, wondering which paths actually lead to the treasure of profitability? As a marketing consultant, my job revolves around helping clients navigate this maze, ensuring their marketing strategies are not just noise but actually ringing the cash register. A couple of crucial indicators stand out for me in this endeavor: the cost per lead (CPL) and customer acquisition cost (CAC).
These benchmarks aren’t just statistics—they’re essential signposts for nearly everyone in business, especially for sales and marketing teams. In the fast-paced realm of B2B marketing, understanding and optimizing your CPL and CAC can mean the difference between thriving and merely surviving. So, let’s delve into the benchmarks, strategies, and insights that can empower you to lower your costs while enhancing your campaign effectiveness—and keep that cash flow flowing! LEARN MORE.As a marketing consultant, I work on client accounts and ensure their marketing is working (i.e., making money for the business). To gauge marketing success, I particularly like two benchmarks: the cost per lead benchmark (CPL) and the customer acquisition costs benchmark (CAC).
These benchmarks are helpful for everyone in business to know, but especially important for sales and marketing teams.
I work primarily in the B2B space, and the B2B cost per lead benchmark is one of the most valuable metrics. B2B sales cycles can take a long time, and it can be tricky to determine the exact customer acquisition costs, but you must get as close as possible to these numbers.
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