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What’s a Customer Journey Map? Template & Crash Course

PeopleMetrics

A customer journey map is a visual or multimedia representation of all the touchpoints that a customer has with your business over the course of your relationship. Proactively managing and improving your CX inherently requires careful thought about your interactions, touchpoints, and impressions with customers. Touchpoints.

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What is customer acquisition cost (CAC) and How to calculate it

Qualtrics

For example, if the CLV of your average customer is only $500 and it costs close to $1,000 to acquire them (advertising, marketing, special offers, labor), then could severely be losing money if you’re not able to pare back your acquisition costs and/or increase CLV through other products and services.