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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. Because ever since we released our 2023 Paid Social Benchmark Report earlier this year, I’ve sensed skepticism from marketers—the same skepticism I felt a few years ago. Your CPL or CPO after a few campaigns are just your benchmarks. My next move?

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How Metadata Uses Metadata

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The more you spend, the faster your retargeting audience will grow and the lower your CPM will be on LinkedIn. Here, you can choose to optimize to the lowest CPL, cpMQL, Triggered/Influenced opportunities, or any custom KPI you have mapped to the platform. For example, in June 2023, our CPC pause setting for Facebook was $4.

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The Ultimate Guide to Creating a LinkedIn Ads Campaign in 2024

Single Grain

Updated December 2023. Sources: LinkedIn , Google , Facebook CPC , Facebook CPM The table above shows the average Cost per Click (CPC) and average cost per 1,000 impressions, known as the Cost Per Mille (CPM). When you look at the numbers, that’s hardly surprising.

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17 Cheapest Ad Networks for Best PPC Conversions in 2024

Single Grain

Updated November 2023. 3) Bing Ads As of 2023, Bing has 3.02% of the search engine market share. The platform bases its prices on a CPM (Cost Per Mile – otherwise known as Cost Per Thousand) model, with ads typically costing $10 per CPM. You can also place ads in Gmail at the top of the user’s inbox. for mobile ads.

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