How can I measure ROI in niche marketing?
An example of an AI chatbot conversation about measuring ROI in niche marketing.
How can I measure ROI in niche marketing?
To measure ROI in niche marketing, you can track specific metrics like conversion rates, customer acquisition costs, and sales revenue.
What specific metrics should I focus on?
Focus on metrics such as customer lifetime value (CLV), return on ad spend (ROAS), and engagement rates to gauge effectiveness.
How do I calculate customer acquisition cost?
Customer acquisition cost (CAC) is calculated by dividing total marketing expenses by the number of new customers acquired during that period.
Can you give me an example of a successful niche marketing campaign?
Sure! A successful example is a vegan skincare brand that targeted eco-conscious consumers, resulting in high engagement and sales.
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