CPL (Cost Per Lead)

The cost to generate one lead, a useful diagnostic but a poor headline metric in finance.

In Depth

Cost per lead, or CPL, is what you pay for a single lead, usually a form fill or registration.

CPL is worth tracking but dangerous as a headline metric for a financial brand, because cheap leads that never deposit or qualify flatter a report and starve the business. Pair CPL with downstream conversion so you know whether cheap leads are actually worth anything.

Marketing a financial brand?

See how we turn metrics like this into funded accounts.