DevExpert (hackathon): 532 leads at $15.45, $8,220 budget
DevExpert (hackathon)
The task
Attract leads for the DevExpert hackathon (niche β IT education) through paid traffic. A hackathon is an event with a deadline: participants have to be recruited by a specific date, and lead volume matters no less than lead cost. At the same time the audience is narrow β developers and IT professionals β so leads for such events usually cost more than leads in mass niches: both employers and educational products compete for this audienceβs attention.
What we did
Launched ads in parallel on two platforms β Facebook Ads and Google Ads. Splitting the budget between two channels removes dependence on a single auction and lets us top up lead volume where the price is lower at the moment.
Results
- Ad budget β $8,220
- Leads acquired β 532
- CPL β $15.45
Insights
- $15.45 per lead on a narrow IT audience is a working price for event lead generation: with 532 leads the organizer gets a participant pool on a predictable timeline, not a hope for organic reach.
- A volume of 532 leads on an $8,220 budget shows that the two-channel combo did not hit the capacity ceiling of a single platform β important for events where leads are needed fast and in bulk.
- For IT event organizers the conclusion is simple: the participant recruitment budget is calculated in advance β the target number of leads multiplied by a cost per lead in the $15β16 range.