“Cost per impression (CPM)” has come a long way since its introduction as an advertising tool on facebook. While today it is widely used, ten years ago the concept had yet to make its debut in the digital advertising space.
The story of CPMs begins with creative agencies and early adopters who were looking for more targeted ways to reach the right audience at scalability. Early on, ‘cost-per-click’ was being tested by many businesses but wasn't quite meeting demands, so CPM emerged as an attractive alternative. It quickly gained popularity among advertisers as it allowed them to optimize ad spend without necessarily relying on clicks for performance metric measurement.
Over time, knowledge about working with impressions grew and online platforms adapted accordingly. Facebook began introducing automation tools that made things easier but only had basic options when it came to setting up ads campaigns back then.
Things started changing rapidly within a few short years; optimization became more advanced and granular data-driven decisions started playing a major role in creating targeting strategies. Advertisers could now easily segment their audiences based on lookalike traits or interests - something that just wasn't possible before! As these changes progressed further, marketers moved away from selling impressions alone by exploring other ways of utilizing metrics such as cost-per-acquisition (CPA).
As technology continues advancing, we can expect even better parameters for measuring return on investment for ‘Cost per impression (CPM)’ ads along with advancements in AI algorithms capable of making better recommendations based on user behavior patterns behavior patterns rather than simply target audience demographics alone. All in all, CPM is proving itself to be a powerful tool that will remain relevant well into the future - leaving us no question why it's here to stay!