Customer acquisition is the strategic process of bringing on new clients or customers to your business. A good customer acquisition strategy is necessary for business growth and keeps employees, leaders, and investors happy. Customer acquisition, along with demand generation, sales enablement, and client retention, is a major component of a revenue generation plan.
The goal of building a customer acquisition strategy is to create a repeatable, sustainable process that will generate new revenue predictably over time.
There's a lot that goes into an effective customer acquisition plan, but for most growth-minded B2B companies, the essential elements of a good strategy are the same. Allow plenty of time (3-6 months) to work on your strategy internally, involve the right partners, and select the right technology tools.
Here are the key steps to follow to create a customer acquisition strategy that will set you up for success in 2019 and beyond.