Marketers have long lived in the digital world of dashboards and impressions, where effective CPM (cost per thousand impressions) is a cornerstone of budget planning. But what happens when campaigns leave the screen and hit the streets — literally?
In-hand advertising formats like pharmacy bags, coffee sleeves, pizza boxes, and grocery cart ads offer powerful real-world exposure. The challenge? Until recently, they’ve lacked clear attribution paths. Now, with QR code integration, these tactile formats are trackable — and offline-to-online effective CPM is finally measurable.
Let’s break down how brands can recalculate effective CPM using QR codes, and why this shifts the game for CPM marketing ads in physical environments.
Effective CPM and the Attribution Gap in Physical Media
Traditionally, effective CPM is calculated as:
(Total Campaign Cost ÷ Total Impressions) × 1,000