In a nutshell, the formula entails dividing the number of new clients acquired over two quarters by total marketing expenses and can be used to assess which distribution channels are the most effective.
Estimated reading time: 0 minutes, 18 seconds
Estimated reading time: 0 minutes, 18 seconds
The Magic Number, a metric that illustrates the cost of acquiring new clients, is gaining popularity for benchmarking marketing efforts. So reports VentureBeat.
In a nutshell, the formula entails dividing the number of new clients acquired over two quarters by total marketing expenses and can be used to assess which distribution channels are the most effective.