Hello! This is what it says on the
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- CPC (Cost Per Click) – calculated using the number of visits to the campaign URL multiplied by the CPC value.
- CPA (Cost Per Acquisition) – calculated as the number of conversions multiplied by a defined CPA rate.
- CPM (Cost Per Mille/Thousand) – cost is based on dividing the value of the bid by every 1,000 impressions generated by anad.
- Auto – only available if the traffic source supports a cost parameter and placeholder; See 50onRed Intext example screenshot below;
2 questions:
1) Which cost model should I be selecting as a beginner?
2) And what's the pros and cons for selecting each one?
I would select either CPM if your traffic source handles a CPM model, or CPC if you pay per click. These depends on how you set your bids. If your traffic source allows it, i'd select Auto. Keep in mind that for example between PopAds and
You can only really calculate the CPA model when you've already gathered some data on how the offer converts and how much that costs you. I wouldn't select this one as a beginner.
Hope this helps 
The cost models have no best/worst option, only the appropriate one - don't confuse this with how your traffic source works, these are separate systems which can be linked is different ways.
If you pick CPC, the default cost will add per tracked visit to your tracking link. This is what you should use, because its the most likely thing you will be able to gauge well (your cost per click average from the traffic source).
If you do CPA, it will be per conversion you make. This is not appropriate in 99% of cases, as you are probably not getting charged by the traffic source only when a conversion happens for you.
If you do CPM, you need impression tracking as these events happen outside of the tracking system. These only works properly if you use
In most cases you want to pick CPC and put an appropriate amount e.g. 0.10 and just adjust it over time.