What are the key KPIs I should track in my marketing strategy?
An example of an AI chatbot conversation about key performance indicators in marketing.
What are the key KPIs I should track in my marketing strategy?
Key KPIs in marketing include customer acquisition cost, conversion rate, and return on investment.
How do I calculate customer acquisition cost?
To calculate customer acquisition cost, divide the total marketing expenses by the number of new customers acquired.
What is a good conversion rate for online marketing?
A good conversion rate typically ranges from 2% to 5%, but it can vary by industry.
Can you explain return on investment in marketing?
Return on investment (ROI) in marketing measures the revenue generated from marketing efforts relative to the costs incurred.
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