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Is Your Target Cost-Per-Lead Realistic?

May 17, 2021

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Marketing

Sandeep Mathias

If you’re trying to drive leads for your business online, there’s one marketing metric that you live and die by: cost per lead. Now, if you’re good at your job, you know that ultimately your most important metric is your cost-per-sale or cost-per-acquisition, but more often than not, that’s directly related to your cost per lead (CPL). And, since your acquisition cost usually depends heavily on factors outside of your control (aka, your sales team), you focus on the metric you can control: cost-per-lead.

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Choosing the right target CPL for your business takes a lot more time and effort than simply choosing an arbitrary number based on a specified percentage of revenue (which is how so many businesses do it). If you want real results from your online marketing budget, though, it’s time and effort you need to invest.