See the video advertisement cost depends on many parameters like budget, the average cost per view, cost per lead, cost per impression, and the audience you want to target.
Let’s have a look:
YouTube Budget– The budget depends on how much you want to spend on daily basis and calculate the monthly expense accordingly. Initially, you can set $1 per day on YouTube and check the outcome from the advertisement.
Average Cost Per View – The average cost per view varies from $0.05 to $0.30. The overall view cost depends on your bids, budget, goals, and your targeted audience.
Average Cost Per Impression – In YouTube video ad the CPM or cost per impression is a unit that signifies the amount you will spend for 1000 impressions on a particular ad.
There are different types of YouTube video ad formats like:
Skippable TrueView Ads
Non-skippable YouTube Ads
YouTube Bumper Ads
YouTube Campaign Costs
First, you need to select the type of campaign before creating a YouTube video ad. Then you have set your daily budget. The overall budget will vary from person to person depending on their respective goal and targeting the audience. I found that the average CPM(Cost per impression) of YouTube Advertising varies from $9 to $10 for 1000 impressions.
On YouTube, the advertiser mainly focuses on driving leads and increase brand awareness. Educational Excellence is one of the old and prominent names in the digital marketing field. We can successfully handle your YouTube advertisement and guarantee you to generate at least 2-3 leads per day if you spend $10 in a day.