Single Grain | Start Growing’s Post

👨💻 CPC (cost per click) Trends 👨💻 📈 13% higher CPCs year over year on Google in Q1 of 2024 according to Search Engine Land.  💰 91% of industries saw increases in CPC on Google YOY.  📉 64% of industries saw decreases in CPC on Meta YoY. 🤑 Everywhere you look, you’ll see evidence that Google search ads are getting more and more expensive. There are a few factors that come into play leading to these increased costs:   🌐 ~60% of searches stay in the Google ecosystem according to SparkToro, so there’s less opportunity to have someone click to your site  💸 10% higher “floor prices” on Google according to the Department of Justice hearing 📱 More searches happening off Google on TikTok, Reddit, and other social sites means there’s increased competition for the searches made on Google 🥴 Broad keyword adoption allows more advertisers to match for each search made 🔎Does this mean you should switch to Meta for a cheaper cost per click and more traffic for less investment?? Not necessarily… 👀 We always recommend keeping a close eye on quality when running Meta ads since Meta’s AI can start finding people it believes are relevant to your business (but aren’t). Testing Meta ads and Meta’s AI is worth doing, but in a structured format, to ensure it’s providing you the quality you need to make sales. 🤔 So, while CPCs are lower on Meta, unless those clicks lead to a sale, it doesn’t necessarily mean that it’s a worthwhile place to invest your marketing dollars. At Single Grain, we believe that there’s a healthy mix needed between social and search ads… and there’s always give and take with tracking a metric like CPC since it can impact your bottom line, but isn’t directly tied to it. Looking for ways to improve your marketing strategy? Work with us and we can help you find the best mix for your business: https://lnkd.in/eDYC8_xb

  • Cost per click trends
Shawn Kalin

CEO @ Virtly - The Future of Virtual Meetings, Showings & Dealrooms.

1mo

We're ready to test some display campaigns for our B2B SAAS. Any recommendations? Small budget for now.

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Eric Siu ✓

Founder @ Growth Marketing Agency - Single Grain, Podcaster @ Marketing School + Leveling Up

3mo

😎

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Stephanie Balaconis

Paid Media Expert | Brand Building | Performance Marketing | B2B | SaaS | B2C | Ecomm | Servant Leader

3mo

Google = 🤑

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