5 Ways to Increase Your LTV: CAC Ratio | Unit Economics Breakdown
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- Опубліковано 2 жов 2024
- I show you 5 ideas to increase your LTV: CAC ratio that I see startups using right now. We analyze the unit economics of each idea.
✅ Download the Excel template: bit.ly/increas...
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► How to Calculate CAC: • Customer Acquisition C...
► How VCs Calculate Customer Retention & LTV: • Customer Retention & C...
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We learn about 5 ways real startups are increasing their LTV CAC ratios right now.
I show you a mini case-study of the unit economics of each idea on a different type of startup.
At the end of this video, you will have a ton of actionable ideas to bring back to improve the LTV: CAC ratio of your business!
Sections:
0:40 run a giveaway on website to generate emails (lower CAC and boost LTV)
4:43 "costco model" create a subscription membership plan to unlock lower prices
10:22 use buy now pay later options to increase conversion & boost AOV
15:26 launch a subscription box business if you have heavy repeat consumption
20:08 raise prices by 10% to increase LTV by 60%!
If you have questions - leave a comment below and I'll try to help. Cheers!
#lifetimevalue #CAC #startups
Questions? Let me know in the comments happy to discuss.
💡 Also, if you want to learn how to systematically scale your startup without ending up as one of the 90% of startups that fail, have a look at this ⇒ www.ericandrewsstartups.com/financeforstartups
Another great video Eric
Thanks
Thank you! I'm glad it was helpful 😁
@Eric Andrews
Man you make it sound so easy. Sorry I missed last night session. I wanted to attend
@@hassanalajmi9959 No worries! I think calls 2-5 are probably the most interesting, so try to make the next one. You will be up to speed in no time!
Great video!!! I needed this!
Thank you so much!!
Great videos! I hope to get an answer. 1) Which of the videos best helps to set up an e-commerce Chart of Accounts for setup in XERO and Quicken? (another question. Do you have a budget and real-time template [actual bank reconciliation report to export into XERO])? [for a serial entrepreneur...ok I'm pushing my luck], 2) Do you provide Excel customization services? Please provide a website. Thanks! P.S. How do I also make a contribution of $9.99. :) UPDATE! WOWOW! You have a Startup Founder Series. Now I am dumbfounded. Are you on something like Udemy? The Startup Founder Series seems intermediate to advanced. Do you have a sequence before it at the 'from scratch' level like basic "Understanding Free Cash Flow for Startups?
Hey - really appreciate the comment! You are always welcome to make a contribution by clicking the "♡ Thanks" button to the right of the like button.
For question #1, I don't have those exact videos but I would set up your eCommerce P&L structure in the way shown in this video: ua-cam.com/video/8xfPvprL5qE/v-deo.html
Question #2 No I'm not personally doing consulting, but if you send me an email at ericandrewsbusinessinfo@gmail.com I can connect you with someone
Question #3 It sounds like you are interested in e-commerce so you can check out my eComm playlist: ua-cam.com/play/PLdoBuNNnCmdVb9nppKtWV1J7-0hu8XHQz.html
My only course covering these topics is called "Finance for Startups". Registration is currently closed, but you can join the waitlist here to join cohort #6: mailchi.mp/b636b61b1e24/02xjf35rdg
Or if you're interested in a specific subject let me know and I will link to the video if I have it. Cheers.
@@eric_andrews I apologize in advance but I am SO PUMPED UP! I have been around the block but I have never seen such a wide array of resources. It took a day to find myself around it, but it's well worth it! TYVM!
Hello, the email was sent, but in the email there's no information about the template download?
It's right there in the video description at the top of the "Resources & Links" section!
@@eric_andrews Yes, I subscribed to the email list and still there's no option to download it or in the email I've received, either I'm blind or confused :D
@@humangenius6144 going to double check right now and will get back! Give me one sec!! Thanks for the heads up.
@@humangenius6144 Sorry, the file send was in draft. If you try now it will work. Thanks for letting me know!
@@eric_andrews Received it, thanks!
Thanks!
Thank you!!!
how to measure financial performance of banks in terms of digital aspects . Ex after implementation of certain financial technologies in it whether the performance of bank improved ? how to filter it from over all performance of bank in terms of using technology
Banks are completely different and separate from all other types of businesses. They have their own ecosystem of metrics, ratios, etc. I'm not an expert on banks but in general you can't apply regular business metrics to banks to understand them....they are semi-governmental, deeply interconnected with political policies and central bank rates, federally backed loans, etc.