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). CTR: 6.42%. CTR increased by 5%, on average, for 70% of industries. The average CTR was 6.11% in 2023 and 5.91% in 2022. It’s basically more of the same story as 2023.
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