Enter the total number of likes received and the cost spent on promotion into the calculator to determine the cost per like.
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Cost Per Like Formula
The following equation is used to calculate the Cost Per Like.
CPLi = PC / L
- Where CPLi is the cost per like ($/like)
- PC is the total promotional cost ($)
- #L is the number of likes received
To calculate the cost per like, simply divide the total promotion cost by the number of like received.
What is Cost Per Like?
Definition:
A cost per like is the average cost it takes to get one like on a social media platform through promotional means or advertising.
How to Calculate Cost Per Like?
Example Problem:
The following example outlines the steps and information needed to calculate Cost Per Like.
First, determine the total promotional cost. In this case, a post was promoted for 2 days for $2,000.00.
Next, determine the number of likes received. For this example, there were 50 likes over those 2 day.
Finally, calculate the cost per like using the formula above:
CPLi = PC / #L
CPLi = $2,000.00 / 50
CPLi = $25 / like
