What Challenges Do Entrepreneurs Face in Managing Acquisition Costs?
Entrepreneurs often face several challenges when managing acquisition costs, including:
Budget Constraints: Limited resources can restrict the scope and effectiveness of marketing campaigns. Market Competition: High competition can drive up advertising costs and make it harder to stand out. Tracking and Attribution: Accurately tracking the effectiveness of different marketing channels can be complex. Customer Retention: Acquiring customers is just the first step; retaining them is equally important for maximizing LTV.