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Customer Acquisition Process
Customer Relationships – Buying Cycles
Source: Steve Blank
Web and Mobile
Physical Goods
Types of Customers
Consumers Businesses Government
Sales Cycle Short Moderate to Long Long
Sales Cycle Complexity Simple Moderate to Complex Complex
Speed to Scale Rapid Moderate Slow
Purchase Motivations Emotion, Instincts, Immediate Needs
Business Goals, Budgets, Vendor Relationships
Goals, Budgets, Vendor Relationships
Marketing Budget Requirements
High Moderate to Low Moderate to Low
Support Requirements Low Moderate to High Moderate to High
Design issues in Customer Definition
Lead time for researchMarketing budgetSize of customer service presence/budgetSpecialized staffFunding sourcesUse of the web (website, social, app) to drive sales Use of the web (website, social, app) to provide supportOther
Customer Roles?
B2C – All roles could be fulfilled by 1 personB2B or B2G – Could be 1 person per role or many people in each role
Customer Archetypes Drive Get/Keep/Grow
• What’s their role?– How this person is evaluated /
promoted / compensated?
• Who are they?– Buyer’s name– Position / title / age / sex
• How do they buy?– Discretionary budget (name of budget
and amount)
• What matters to them?– What motivates them?
• Who influences them?– What do they read/who do they listen
to?
Paid Demand Creation (Marketing) Activities“Paid” Media
• Public Relations• Advertising• Trade Shows• Webinars• Email marketing• On-line search engine
marketing• Business Development
Demand
Creation
Free Demand Creation (Marketing) Activities
“Earned” Media
• Publications in journals• Conference speeches/papers• Educational seminars• Public relations• Blogging / Sharable content• Social Media• Communities
Demand Creation
Customer Relationships Physical Products – Customer Acquisition
(Get Customers)
© 2012 Steve Blank
Customer Relationships Physical Products – Get Customers
© 2012 Steve Blank
CAC = Customer Acquisition Cost
Customer Relationships Physical Products – Get/Keep/Grow
© 2012 Steve Blank
LTV = Customer Lifetime Value
Customer Relationships Web/Mobile Products– Get Customers
© 2012 Steve Blank
Web/Mobile Products– Get Customers
© 2012 Steve Blank
CPM = cost per thousand hits
Web/Mobile Products– Get Customers
© 2012 Steve Blank
CPA = Cost per Action
SaaS Products– Get Customers
© 2012 Steve Blank
Organic Traffic, SEM, Other Paid Sources
Raw Leads
Registered VisitorsRegistered Visitors
Qualified Leads
Inside SalesClosed Deal
Web/Mobile Products– Keep Customers
Customer Relationships Web/Mobile Products– Grow Customers
© 2012 Steve Blank
Our Example Marketing Funnel
Quick Marketing Calculation 50% amount of traffic that is organic versus paid
$1.50 cost per paid visitor (Google AdWords, etc.) $ 0.75 Cost per visitor (both paid and unpaid)
3% visitors convert to raw leads 20% number of raw leads that turn into qualified leads
1 qualified lead 5 raw leads required
167 visitors required $125 Cost of visitors (also = Cost per qualified lead)
Source: David Skok Matrix Partners
Our Example Marketing Funnel
Quick Marketing Calculation 50% amount of traffic that is organic versus paid
$1.50 cost per paid visitor (Google AdWords, etc.) $ 0.75 Cost per visitor (both paid and unpaid)
3% visitors convert to raw leads 20% number of raw leads that turn into qualified leads
1 qualified lead 5 raw leads required
167 Visitors required
$125 Cost per qualified lead
Source: David Skok Matrix Partners