What are the key metrics I should track for my business?
An example of an AI chatbot conversation about analytics and metrics for business performance.
What are the key metrics I should track for my business?
Key metrics often include revenue growth, customer acquisition cost, and customer lifetime value.
How do I calculate customer acquisition cost?
To calculate customer acquisition cost, divide your total marketing expenses by the number of new customers acquired.
What tools can I use to track these metrics?
You can use tools like Google Analytics, HubSpot, or Tableau to track and analyze your business metrics.
Can you explain the importance of customer lifetime value?
Customer lifetime value helps you understand the total revenue you can expect from a customer, guiding your marketing strategies.
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