How much do I need to spend on marketing?
Lifetime customer value
How much does your average customer spend with you?
Customer acquisition
What proportion of the amount above are you willing to spend to acquire that customer?
Conversion rate
How many leads do you convert?
1 in
or 100%
Your target cost per lead is
???
New customers
How many new customers do you want each month?
You should allocate
???
per month on advertising and marketing.