Search ad conversion rates down, cost per lead up in 2023
Search Engine Land
MAY 15, 2023
That’s according to a new 2023 search advertising benchmark report from LocalIQ’s WordStream. It features data on the average conversion rate, cost per lead (CPL), click-through rate (CTR) and cost per click (CPC), compared to 2022. CTR: 6.11%. CTR increased for all but two of the industries, according to the report.
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