What is the impact of social media on customer acquisition cost (CAC)?
An example of an AI chatbot conversation about the impact of social media on customer acquisition cost.
What is the impact of social media on customer acquisition cost (CAC)?
Social media can significantly lower CAC by providing targeted advertising and organic reach to potential customers.
Can you explain how targeted advertising works on social media?
Targeted advertising uses user data to show ads to specific demographics, increasing the likelihood of conversion.
Are there any statistics on how much social media can reduce CAC?
Yes, studies show that businesses using social media for marketing can reduce CAC by up to 30% compared to traditional methods.
What are some effective strategies for using social media to lower CAC?
Effective strategies include engaging content, influencer partnerships, and utilizing analytics to refine targeting.
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