* $1500/Month
Geotargeting Advertising Budget
= 90 New People
entering the restaurant/month
* $1500/ 90 New People
= $16.67/person
* If New Customer A spends $50
* & Good Customer Service
bring them back 10 more times
(paying just $30/visit)
* That's $350 in Revenue from Customer A
* $350 divided by $16.67/New Customer
= 21X Return on Ad Spend
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