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Core Study Guide

Customer Acquisition Cost (CAC)

Measuring the efficiency of your sales and marketing growth engine.

Customer Acquisition Cost (CAC) measures the efficiency of a business's growth engine. It represents the average total sales and marketing spend required to bring one new customer through the door.

Understanding CAC is essential for evaluating business sustainability. If acquiring a customer costs more than the customer ever pays, the business is fundamentally unprofitable.

Key Takeaways

  • Growth Efficiency: Lower CAC indicates highly efficient marketing and sales channels.
  • Full Inclusion: CAC must include advertising spend, software tools, and sales team salaries.
  • The LTV Metric: CAC must always be evaluated relative to Customer Lifetime Value (LTV).

Core Concepts & Definitions

1Fully Loaded CAC

A proper CAC calculation must account for salaries, overheads, and tool costs, not just raw advertising spend.

Direct Ad Spend: Google Ads, Facebook Ads, etc.

Indirect Costs: Marketing software, sales commission, and base salaries.

2CAC Payback Period

The amount of time (usually months) it takes for a customer to generate enough gross margin to recover their acquisition cost.

A shorter payback period (e.g. <12 months) increases cash flow and reduces growth risk.