How is cost per engagement calculated?
Quick answer
Cost per engagement is the amount you paid divided by the total engagements you got, so if you paid 500 and got 2500 likes, comments, shares and saves, your cost per engagement is 20 cents. It tells you what each real interaction cost, which is more honest than cost per follower or a flat fee because it ties spend to actual response rather than to a follower count that may be padded. The catch is that it is only meaningful when the engagement is genuine, since bought engagement makes the cost look great while delivering nothing. The honest point is that cost per engagement is a useful efficiency metric for comparing creators, as long as you confirm the engagements are real before you trust the number.
I want to compare creators on efficiency. How is cost per engagement computed?