The formula to calculate the Instagram cost per impression is:
\[ \text{ICI} = \frac{\text{TC}}{\text{TI}} \times 1000 \]
Where:
The average cost per one thousand impressions on Instagram ranges from $1 to $4. Instagram marketing has become an essential element of a brand’s advertising and promotion strategies.
Let's assume the following values:
Using the formula:
\[ \text{ICI} = \frac{500}{200000} \times 1000 = 2.5 \]
The Instagram cost per 1000 impressions is $2.5.
Let's assume the following values:
Using the formula:
\[ \text{ICI} = \frac{1000}{500000} \times 1000 = 2 \]
The Instagram cost per 1000 impressions is $2.