Search ad costs rise, conversion rates decline again in 2024
Search Engine Land
MAY 13, 2024
The 2024 edition once again features data on the average conversion rate, cost per lead (CPL), click-through rate (CTR) and cost per click (CPC). The average conversion rate was 7.04% in 2023 and 7.85% in 2022. CTR: 6.42%. CTR increased by 5%, on average, for 70% of industries. Why we care. CPL: $66.69. CPC: $4.66.
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