Let me answer a question I've been getting a lot lately ๐
Here's the thing โ your cost per lead isn't random. It's largely driven by one thing: how big your target audience is.
The smaller the audience, the higher the CPL. Here's what to expect:
๐ Nationwide โ ~$20/lead
๐ณ๏ธ 10โ15 entire states โ ~$25/lead
๐๏ธ 95 major metros โ ~$30/lead
๐ 1 entire state โ ~$50/lead
๐ 1 major metro โ $75โ$100+/lead
When your audience is small, Facebook has fewer people to show your ad to. More competition for the algorithm = higher cost to find the right person.
So if you're targeting one metro and seeing $80 CPLs โ that's not your ads failing. That's just the math.
Benchmarks like these exist so you don't kill a perfectly good campaign too early.
Drop any questions below โค๏ธ