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Finance and Marketing Acronyms 101

Definitions

Word
Definition
AOV

Average net revenue per order

CAC

Customer Acquisition Cost — marketing expense in a period divided by the number of newly acquired customers during the same period.

CLV

Customer Lifetime Value — Customer lifetime value is the total amount of money a customer is expected to spend with your business, or on your products, during the lifetime of an average business relationship.

CLV before CAC

Total discounted sum of all expected revenues / profits from a customer over their lifetime, before subtracting acquisition costs.

CLV after CAC

Total discounted sum of all expected revenues / profits, after CAC: CLV = (CLV before CAC) – CAC

CLV to CAC

Ratio of CLV after CAC to CAC

Repeat Venue

Revenue generated from repeat purchases

RLV

Sum of expected future discounted revenues / contribution profits expected to be generated from a customer

Purchase Frequency

Average number of purchases made by active

SaaS Magic Number

The SaaS Magic Number is a widely used formula to measure sales efficiency. It measures the output of a year’s worth of revenue growth for every dollar spent on sales and marketing.

Bessemer CAC Ratio

The Bessemer CAC Ratio is similar to the Magic Number, but the formula is more defined to new acquisition. A ratio of means 1.0 indicates that within one year you are completely break even on a customer.

CAC Payback Period

This is similar to the Bessemer CAC Ratio, but it flips the numerator and denominator and uses MRR to convert this to monthly payback number.