How to Use Marketing Budget KPIs for Decision-Making
SmartBug Media
OCTOBER 1, 2020
How much are you spending for each new lead, opportunity, and customer? Here are the formulas you should be using to measure your efficiency by channel: Cost per lead (CPL) = Marketing spend by channel ÷ New leads generated by channel. As a marketer, we only have so many dollars to spend and hours in a day.
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