Calculate some of the standard customer acquisition costs across different types of channels: (conversion rate means the percentage of people who purchased the item among all the people who watched the ad)
1. Google Ads have an average cost per website click of $1.50 and average % conversion rate of those website clicks of 2.2%.
2. Facebook Ads have an average cost per website click of $0.27 and an average % conversion rate of 1%.
3. Mailing flyers will cost 3 minutes of time charged out at $10 per hour, and that flyers have a 1% conversion rate.
4. Personal selling through warm introductions and targeted customer outreach requires 10 minutes of time per customer and has a 20% conversion rate.