"If you need to make your money back every month, your growth is limited by how much cash you have." Today, Brandon (@kingketo) discusses the importance of knowing your numbers in business, specifically the lifetime value and cost of acquisition of your customers. He explains that understanding these numbers can help you determine how much to spend on advertising and how quickly you can grow your company.
Welcome to the Victory Talk Podcast hosted by Brandon Carter. Uncover the strategies for financial growth, physical strength, and a winning mindset as Brandon shares his multi-seven-figure business experience and brings in millionaire friends to drop their knowledge. No fluff, no sponsors, just raw advice. Get ready to seize victory and enjoy the show!
Timestamps:
(1:10) Calculate cost to acquire customers for profitable ads.
(2:00) Monthly recurring revenue vs. ad spending.
(2:38) Knowing your numbers is vital.
(3:08) Longer recovery time expands growth potential.
(3:43) High acquisition cost is manageable with lifetime profit.
(4:57) Learn your numbers to build a successful business.
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Victory Talk