THE WRAP UP: 5 KPI Metrics for Your Customer Acquisition Strategy
Customer acquisition is the process of bringing new customers to your brand. It encompasses all efforts aimed at attracting potential customers, nurturing leads, and converting them into loyal buyers.
Customer Acquisition Rate: The Speed of Growth
Imagine you’re at the helm of a fashion brand, analyzing how effectively your marketing strategies are converting website visitors into loyal customers. The Customer Acquisition Rate is one of the most telling metrics you can track; it reveals how quickly you transform interest into sales.
Marketing Qualified Leads (MQLs): Your High-Potential Prospects
Marketing Qualified Leads are leads assessed as having a higher likelihood of converting into sales based on specific criteria set by the marketing team.
Cost Per Acquisition: Making More Money While Spending Less
Conversion Rate: Turning Potential into a Powerful Reality
The conversion rate indicates the proportion of leads that complete a desired action, such as making a purchase, signing up for a service, or scheduling a consultation.
User Experience: 4 Keys to Mastering The Human Element in Luxury Marketing
Uncover the hidden secrets of user experience (UX) that are crucial for success, even in luxury brands. Learn how to avoid costly UX mistakes, design for a broader audience, and leverage empathy mapping to create a product that resonates with all customers.
Build a Brand After the Applause
To build a brand after receiving a prestigious honor requires you to retrace your steps and reconnect with everyone that made the honor possible. The PR Advisor answers an emerging designers confrontation with imposter syndrome.
Luxury PR Missteps: A Case Study on What Not to Do or Why Calling Your Luxury Customer a ‘Jackass’ Is a Bad Idea
The Psychology of Luxury: Navigating Emotions and Experiences in High-End Marketing
Explore the intricate relationship between psychology and marketing luxury in this insightful article. Uncover how emotional connections, experiences, and the art of storytelling shape consumer perceptions and drive desires for luxury brands. Discover the strategic nuances behind captivating high-end consumers and redefining luxury beyond mere price tags. A must-read for marketers and psychology enthusiasts alike.
The Hermès Family vs LVMH: Clash of The Luxury Titans
Dive into the epic showdown between luxury powerhouses the Hermès family and LVMH, where heritage meets ambition. Explore how Hermès, symbolized by the 'Cashmere Wolf,' Bernard Arnault, stood firm against LVMH's hostile takeover attempts, defending its legacy with strategic finesse. Uncover the battle of titans in the luxury arena, where the art of craftsmanship and the spirit of unity shaped Hermès' resilient stand.