How to Calculate CAC
The basic formula for CAC is:CAC = Total Sales and Marketing Costs / Number of New Customers Acquired |
Why CAC Matters for Contact Centers
Tracking CAC allows businesses to evaluate how effectively their contact center operations support customer growth. A high CAC may suggest inefficiencies in lead handling or outreach methods, while a lower CAC can indicate cost-effective performance.- Support Lead Conversion: Outbound agents follow up with leads, explain products, and promote offers to drive sales.
- Handle Inbound Inquiries: Trained agents convert incoming calls and queries into paying customers.
- Improve Conversion Rates: High-performing contact centers help turn more leads into customers, reducing overall CAC.
- Enhance Customer Retention: Excellent service encourages repeat business, reducing the need for constant new customer acquisition.
- Boost Customer Lifetime Value (CLV): Satisfied customers stay longer and spend more, helping offset CAC over time.
Factors That Affect CAC in Contact Centers
- Marketing Campaign Costs: These include digital ads, promotions, or events that drive calls or inquiries.
- Sales Team Resources: Agent salaries, commissions, and tools used to convert leads.
- Technology and Tools: Cost of CRM systems, auto dialers, or CTI solutions that support customer interactions.
- Training and Onboarding: These are Expenses to prepare agents to handle sales and service calls effectively.
How to Improve CAC
- Use call routing and workforce optimization to handle leads efficiently.
- Implement CTI to reduce call handling time and improve conversion rates.
- Train agents to improve first-call resolution and sales effectiveness.
- Monitor blocked and missed calls to avoid losing valuable leads.