How To Calculate Cost per Acquisition
Are you trying to improve your digital marketing strategy? You could benefit from learning how to calculate cost per acquisition. As a trusted PPC management expert in NJ , Peppermonkey Media can help you optimize your marketing strategies. We can improve your return on investment. Keep reading to discover how. What Is Cost per Acquisition? Cost per acquisition is the average amount you spend on advertising to acquire a new customer using a specific action (like clicking on a link to schedule an appointment). It depends on how much you spend for each advertisement, the click-through rate, and your number of conversions. In other words, it’s a key performance index that helps you determine your return on investment in advertising. Why Is Cost per Acquisition Important? Your cost for acquiring customers is an important set of data for devising your strategy for digital marketing . It provides a clear insight into your ad campaign success, and by optimizing your paid adver...