“We began working with Richard and his team at RTUI 14 years ago in January, 2009. Understanding our need to compete at a higher level amidst the housing bust and economic challenges that followed, Richard guided us toward achieving the necessary exposure and top-of-mind awareness for our primary location. With so many new residents moving into Austin the past two decades, we were able to connect with them almost immediately, and repeatedly, upon arrival from other TX cities and states. Our new customer counts increased, as did our retention levels as a result of our promotions.
Upon expanding our advertising efforts to build revenues at our Lakeway location, Richard coached us to better understand our results, including Average Annual Customer Value (ACV), Average Lifetime Customer Value (LCV), and the return on advertising investment (ROAI). In summary, that specific campaign brought in the following:
96 new customers in on year
$59, 136 in year-1, new customer revenues
$10.95 : 1 topline ROAI
$7.2 : bottomline ROAI
$160,181 LCV bottomline revenues
$29.7 : 1 Lifetime ROAI for new customers (3.5 years)
With these new insights, we became better prepared to measure and manage our marketing and advertising efforts, making well-informed decisions on when, where, and how to promote our business.