Ad Cost Per Goal Conversion (CPCon)
Date created: Oct 12, 2022 • Last updated: Oct 12, 2022
What is Ad Cost Per Goal Conversion?
Ad Cost per Goal Conversion is the amount of money spent on an ad that leads to a goal conversion. It is used to measure the investment in a single advertisement required to achieve a set goal.
Ad Cost Per Goal Conversion Formula
How to calculate Ad Cost Per Goal Conversion
A business that spends $500 dollars on an ad and achieves 50 goal conversions (paying customers for example) has an Ad Cost per Goal Conversion of $10.
Start tracking your Ad Cost Per Goal Conversion data
Use Klipfolio PowerMetrics, our free analytics tool, to monitor your data. Choose one of the following available services to start tracking your Ad Cost Per Goal Conversion instantly.
What is a good Ad Cost Per Goal Conversion benchmark?
The average Ad Cost per Goal Conversion on Facebook is $18.68, according to Wordstream's 2020 benchmark study of Facebook Ads across 18 industries.
How to visualize Ad Cost Per Goal Conversion?
You can use a simple summary chart to effectively visualize your overall Ad Cost Per Goal Conversion data. Additionally, you can segment this data by campaign using a bar chart to study your performance in more detail.
Ad Cost Per Goal Conversion visualization examples
Ad Cost Per Goal Conversion
Bar Chart
Summary Chart
Ad Cost Per Goal Conversion
Chart
Measuring Ad Cost Per Goal ConversionMore about Ad Cost Per Goal Conversion
In order to measure the cost effectiveness of ads, businesses track advertisement costs against conversions. A goal conversion refers to any predefined actions, or set goals, that the website user performs in a session. Ad Cost per Goal Conversion is the amount of money spent on an advertisement that leads to a goal conversion. This metric can indicate how effectively advertisement investment converts to goals being met. An Ad Cost per Goal Conversion that is too high can indicate that the ads are not converting leads to actions.
A Google Ad for a website can be an effective way to drive traffic to the website. Alternately, Facebook ads can be just as effective and has had more than 2 million advertisers since 2018.
Metric Toolkit
Start tracking your Ad Cost Per Goal Conversion data
Use Klipfolio PowerMetrics, our free analytics tool, to monitor your data. Choose one of the following available services to start tracking your Ad Cost Per Goal Conversion instantly.
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