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What Is Cost Per Lead, and How Can You Use It To Improve Your Marketing?

Marketing Insider Group

It seems like all you have to do is think about marketing and you’ll start seeing endless ads for companies promising foolproof lead generation. To that end, one of the most critical metrics is cost per lead. We’ve been at this marketing thing for a while now and want to share what you can do to improve your CPL.

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Better Allocate Your PPC Spend with the Cost Per Lead Calculator

Unbounce

The pay-per-click (PPC) landscape has become so saturated that only the most analytical marketers can dependably turn a profit from their paid search, display, and social ads. Not-so-savvy marketers will need to look for cheaper, less qualified traffic sources or get out of the PPC game altogether.

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LinkedIn Ad Benchmarks: CTR, CPC, and Conversion Rate

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But, long story short, the B2B-heavy audience and granular targeting on LinkedIn make the higher cost worth it for B2B advertisers. A higher cost per click matters a lot less if you’re seeing good conversion rates all the way through to closed-won revenue. That said: “Download” has both the highest CTR and the lowest CPL.

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5 Top Methods to Decrease B2B Cost per Lead

PureB2B

The rising costs of lead generation , increased competition, and the rapidly growing population of competing companies are all challenges in the B2B world. Marketers are constantly challenged to drive qualified leads into the sales funnel and ensure that the cost per lead (CPL) is optimized.

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5 Top Methods to Decrease B2B Cost per Lead

PureB2B

The rising costs of lead generation , increased competition, and the rapidly growing population of competing companies are all challenges in the B2B world. Marketers are constantly challenged to drive qualified leads into the sales funnel and ensure that the cost per lead (CPL) is optimized.

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B2B Paid Social Benchmarks: What We Learned From $15M in Spend on Facebook and LinkedIn

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We looked at every data point we have access to, from spend and impressions to clicks and leads to MQLs—then all the way to opportunities and closed deals. As you can see, there’s a huge range from lowest to highest values across the different metrics. Cost per lead (CPL): CPL measures the efficiency of your campaign.

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How to Make the Most of Your B2B Demand Gen Budget

Walker Sands

But when the pressure to drive leads and revenue is high — focus on what works. Unfortunately, we were seeing a really high CPC for our primary keyword target and as a result, a really high CPL. Utilize LinkedIn Lead Gen. This leads us to our next tip.