I started working at LinkedIn in 2010 when their advertising business was extremely small (see my LinkedIn profile). Our goal was to grow it into a billion dollar business. We achieved that and more.
I worked on both sides of LinkedIn’s ads business: analyzing website traffic, measuring ad effectiveness and working directly with many LinkedIn customers (millions of dollars spent on LinkedIn ads) to achieve their marketing goals.
I left my full-time position in 2020 to spend more time with my family during the pandemic. Now, I do freelance work leveraging my expertise on LinkedIn’s ad products (consulting and a course). And I do occasional consulting projects for my former employer, LinkedIn.
This question always comes up when a business is ready to try LinkedIn Ads. Fortunately, using statistics, you can determine an adequate test budget. The goal is to get enough performance data to determine whether LinkedIn Ads work for your business.
The chart on the right is a quick guide. You just need to estimate your cost-per-click (on LinkedIn ads) and your ideal cost-per-conversion to get a recommended test budget.
For more details and a calculator that helps you avoid spending too much on a test budget, see my article: Plan and Peek: The Right Budget for Testing LinkedIn Ads
I help small businesses and venture-funded B2B companies with LinkedIn Ads.
Would targeting people based on their current job, company, or educational background be an excellent way to reach your ideal customer?
If so, LinkedIn Ads can be a great way to achieve your marketing goals.
Marketers rate LinkedIn as the #1 platform for B2B lead generation.