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Is paid social advertising still worth it in 2023?

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After a few months, my cost per lead (CPL) was $3k, and I was in a frenzy. But Abdallah, paid social is sooo expensive I want to remind you of my CPL at Armorblox: $3k. For reference, here’s what the average CPL on Facebook and LinkedIn looked like from April 2022 – April 2023: LinkedIn: $123.85

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LinkedIn Ad Benchmarks: CTR, CPC, and Conversion Rate

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That said: “Download” has both the highest CTR and the lowest CPL. Learn More” and “Register” have similar CTRs and CPCs, though the latter has a much lower CPL. Sign Up” manages to have the lowest CTR and highest CPC and CPL. An example of effectively using the “Download” CTA and gated content from The Predictive Index.

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The Ultimate Guide to PPC

Hubspot

Pay-per-click advertising is most common in search engine results pages (SERPs), like Google or Bing, but is also used on social channels (although CPM is more common). If you’re wondering where you can find pay-per-click ads, they’re the results you see before and to the right of the organic search results. Facebook Ads.

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Digital Advertising Terms and Jargon Every Marketer Should Know

Act-On

For example, if The Gotham Times averages 1,000 visits to their homepage in any given week, and they have space for two display ads on their homepage, then their potential ad inventory is 2,000 impressions per week. For example, if an ad received 5 clicks and was shown 1000 times, the CTR is 0.5%. What is Ad Inventory?

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Media and Mobile: What the Future Holds

Hubspot

Otherwise, they’ll flock to the information that they’re coming across in their Facebook, LinkedIn, and Twitter feeds. Rather than paying for ads on cost-per-mille (CPM) and cost-per-click (CPC) model, they’re looking at a more powerful metric: cost-per-acquisition (CPA).

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Facebook Ads Benchmarks: Optimize Your Facebook Spend

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In this data-backed guide, we’ll walk you through the most recent Facebook Ads Benchmark data. We’ll cover: The most popular CTAs on Facebook What is a good CTR for Facebook ads? The average CPC for Facebook What’s a good cost per result on Facebook? Build your own Facebook advertising benchmarks.

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Facebook advertising cost: Everything you need to optimize your ROI

Sprout Social

Facebook advertising costs range widely and are dependent on many factors, including your industry, location and objectives. With more businesses paying for Facebook ads and Facebook limiting the number of ads they show, quality and targeting is paramount. Lower your costs. Facebook advertising definitions.