How Much is Pay Per Click Advertising?

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How Much is Pay Per Click Advertising?

Pay Per Click (PPC) advertising varies in price based on a number of factors, including the platform you are advertising on. On average businesses can spend up to $10,000 per month in 2024. the majority of businesses are currently paying between $0.11 and $0.50 per click and up to $1 for one thousand impressions.

Important Statistics to Note

Before digging deeper into how much pay per click advertising is, it is important to take note of some 2024 statistics, including:

  • Forty three percent of start up businesses and small businesses pay between $100 and $5,000 on PPC advertising per month
  • Twenty four percent of medium sized businesses are currently paying between $10,000 and $50,000 per month on their PPC advertising
  • Thirty six percent of businesses are paying between $500 and $3,000 per month to a PPC management agency to handle their campaign for them
  • Sixty one percent of businesses are currently paying up to $0.50 per click on Google Ads
  • Twenty four percent of businesses are paying up to $0.50 per click on Microsoft ads
How Much is Pay Per Click Advertising?
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How Much is Pay Per Click Advertising Per Month?

On average, pay per click advertising can cost anywhere from $100 to $10,000 per month in 2024, based on the latest research. The majority of businesses are paying between $0.11 and $0.50 per click and between $0.51 and $1 per one thousand impressions on both Google and Microsoft.

This is just an average cost. It is important to note your business may spend more or less, based on a number of factors, including your industry, budget, chosen network, and whether you use a PPC advertising agency or you have your own in-house team of digital marketers.

Cost per Company Size

As a small or start up business, your advertising budget is going to be smaller than medium to large companies, or those that have been operating for many years. On average, a new start up or a small business can expect to pay between $100 and $5,000 per month, while large enterprises can pay up to $250,000 per month, if not more. 

By working with a digital marketing agency with PPC experience, your pricing will vary based on the management service and your PPC strategy. 

Should I Use a PPC Management Service?

In addition to your budget for PPC advertising, you need to decide whether to use a PPC management company. These are experienced and knowledgeable agencies that use their resources, expertise, and tools to maximise your pay per click campaign, helping you achieve your digital marketing goals.

Yes, using an agency will increase your overall costs slightly, but you get a team of experts to manage your strategy and campaign, saving you time and energy, while improving your results, helping you enjoy a higher return on your investment.

PPC Management Services include:

Some agencies charge a flat monthly fee, while others will charge a percentage of your advertising spend. The price is determined by the agency you choose to work with, the services required in your package, the size of your campaign and advertising spend, along with how many platforms you wish to advertise on.

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