I am trying to understand the concept of cost per opportunity. Could someone please explain what it means and how it is calculated?
7 answers
Federica
Wed Jan 08 2025
The costs incorporated in calculating CPO encompass various expenses related to attracting new customers.
charlotte_wilson_coder
Wed Jan 08 2025
Marketing and advertising expenses are significant components of CPO, as they involve costs associated with promoting the business.
Michele
Wed Jan 08 2025
Sales team salaries also contribute to CPO, as the sales team is crucial in converting leads into customers.
Luca
Wed Jan 08 2025
Cost per opportunity (CPO) serves as an indicator of a business's expenditure to acquire each new highly qualified potential customer.
Lucia
Wed Jan 08 2025
Other expenses related to attracting new business, such as event sponsorships or public relations activities, are also factored into CPO.