Search ad costs rise, conversion rates decline again in 2024
Search Engine Land
MAY 13, 2024
Paid search advertising conversion rates have decreased across nearly all industries year over year. I sure was after reading LocalIQ’s annual search advertising benchmarks report, which was released today. The average conversion rate was 7.04% in 2023 and 7.85% in 2022. The average CTR was 6.11% in 2023 and 5.91% in 2022.
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