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Instagram is a staple for many businesses. The platform produces some of the best ROIs across the advertising industry. Businesses getting started with Instagram ads wonder: How much does Instagram advertising cost?\u00a0<\/p>\n
This article will explore the average cost of Instagram ads. You will also learn how to lower your costs when advertising on Instagram.<\/p>\n
The average cost for most Instagram ads is $0.50 to $1 per click. If you want to get 100 clicks for your Instagram ad, plan to spend $50-$100 in most cases.<\/p>\n
These averages do not present the complete picture of advertising on Instagram. Once your business uses Instagram ads, you will better understand how much they will cost you.\u00a0<\/p>\n
Averages give you an idea while your numbers are your numbers. These factors will influence your ad spend.<\/p>\n
Instagram has a limited number of ad placements. As more companies use Instagram ads, ad prices will increase.<\/p>\n
The competitive scene within your industry also influences ad prices. If competitors in your space are willing to pay $3\/click, you will have to set that rate to boost ad impressions.<\/p>\n
If you are in a less competitive industry, you can get away with a lower cost-per-click.<\/p>\n
Instagram assigns a relevance score to every ad on its platform. A low relevance score tells Instagram your ad is irrelevant and may not generate as many clicks. These ads cost more for businesses to run.<\/p>\n
A higher relevance score indicates your Instagram ad. This higher score tells Instagram that your ad may generate a high clickthrough rate.\u00a0<\/p>\n
Every ad receives an ad relevance score based on a scale from 1-10. Instagram ads with a relevance score of 6 or higher tend to perform well. Instagram ads with lower relevance scores tend to perform poorly.\u00a0<\/p>\n
Instagram relevance scores function in a similar way to Facebook relevance scores<\/a>. The strategies you learn from one advertising platform will help you with the other.<\/p>\n Audience demographics are another factor influencing Instagram advertising costs. Targeting people in specific age groups can raise your cost per click. However, the extra targeting often improves ad performance.<\/p>\nAudience Demographics<\/strong><\/h3>\n