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Is paid social advertising still worth it in 2023?

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Note: I sprinkled in some Google Search ads, too.) 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. Our benchmark report found the average cost per opportunity (CPO) on LinkedIn and Facebook to be $3,162.89

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How to find and win your first 10 B2B customers

Lenny's Newsletter

” — Eilon Reshef , co-founder and CPO Coda had the same experience—finding their early customers through former colleagues and early employee connections: “My former colleague Noam Lovinsky was starting a company, and I said to him, ‘Hey, would you use Krypton [our name at the time]? Art by Natalie Harney.

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How to validate your B2B startup idea

Lenny's Newsletter

For most of them, it was either Auth0, Google Firebase, AWS Cognito, or in-house. Chetan (our lead investor at Benchmark) gave us advice that selling authentication to large companies would take a long time, since they’d need a lot of features. Art by Natalie Harney. Forty percent (nearly half!)

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Measure This, Not That: Your Guide to the Demand Gen Metrics That Matter

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Marketing conversion metrics: Metrics tied to specific channels, like Facebook, LinkedIn, or Google Search. He suggests tracking these metrics instead: Branded search volume growth: How often are people searching for your branded terms on Google and other search engines? We agree with that advice, too. Schedule a demo today.