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The Madison Avenue Field GuideA field guide to marketing & advertising, by Brandon Mina

GlossaryAdtech & ProgrammaticCost Per Lead (CPL)

Adtech & Programmatic

Cost Per Lead (CPL)

A pricing model or metric where the advertiser pays for each lead, such as a form fill or sign-up.

By Brandon MinaCEO, BrandPilot AIUpdated November 2026

Short answer

Cost per lead (CPL) is a pricing model and performance metric in which the advertiser pays for, or measures cost against, each lead generated, such as a form fill or sign-up. It is common in B2B and considered purchases, where lead quality and conversion to customers determine whether a given CPL is actually efficient.