Category: KPI and Metrics
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A Complete Guide on Impression to Conversion Rate
Summary for the Blog Impression to Conversion Rate (Imp Cvr) measures how effectively your ad impressions turn into conversions (e.g., sales, sign-ups). It’s a key metric for understanding ad performance. Calculate Imp Cvr using the formula: (Total Conversions / Total Impressions) × 100%. Imp Cvr vs. Standard Conversion Rate: Imp Cvr focuses on the performance…
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Mastering Cost Per Lead: Optimize Your Marketing Spend for Maximum Results
When you decide to enter the world of digital marketing, you will encounter a term called Cost Per Lead. But let’s understand what it means and why it is important for your business. If you understand what CPL is, you will be able to make informed decisions for your business growth further by deciding on…
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Marketing Efficiency Ratio – What Is It and How to Calculate?
As a marketing professional, you must be aware that not all marketing metrics matter the most for business growth. While some do and some don’t, the Marketing Efficiency Ratio (MER) falls in the former. But what is it, and how to calculate MER? Read this blog to learn more!
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Difference Between Parameter and Statistic
Summary for the Blog A parameter is a measurable characteristic of an entire population, such as a Conversion Rate or Click-Through Rate (CTR). A statistic is a number derived from a sample of data, such as Market Share or Return on Investment (ROI). The primary difference lies in the data source: parameters use data from…