erikorlando
Newbie
- Apr 8, 2010
- 13
- 0
This wasn't a failure ...
You have a 5x acquisition cost ... so depending on your cost to fulfill the services, likely have a break even of 5-8 months meaning if hypothetically your average client stayed with you for 24 months, that'd be $4800 minus your initial cost of acquisition and any fulfillment cost
You now have $1000 worth of clients/per month ... if you were to stop your marketing efforts, you have $12,000 in billing per year, minus any costs of fulfilling your service. So, if you followed the other BWH's suggestion by multiplying your efforts by 10x (if you could afford that and handle the scale), in a few months you could potentially build $120,000 in billing a year
Yes, you'd need deep pockets but that is how a lot of businesses grow, Netflix being a perfect example. Amazon being another.
Always be working on bringing your client acquisition cost down, consider adjusting your pricing and services, but you're heading in the right track. :cowboy:
You have a 5x acquisition cost ... so depending on your cost to fulfill the services, likely have a break even of 5-8 months meaning if hypothetically your average client stayed with you for 24 months, that'd be $4800 minus your initial cost of acquisition and any fulfillment cost
You now have $1000 worth of clients/per month ... if you were to stop your marketing efforts, you have $12,000 in billing per year, minus any costs of fulfilling your service. So, if you followed the other BWH's suggestion by multiplying your efforts by 10x (if you could afford that and handle the scale), in a few months you could potentially build $120,000 in billing a year
Yes, you'd need deep pockets but that is how a lot of businesses grow, Netflix being a perfect example. Amazon being another.
Always be working on bringing your client acquisition cost down, consider adjusting your pricing and services, but you're heading in the right track. :cowboy: