Photo: Iryna Olar

Is M or K bigger?

Why is there such a difference in terms when they basically mean the same thing? K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00.

linkedin.com - Is it K or M when referring to ""per thousand""? Here's the answer

What are some fun trades to learn?

Millions of people enjoy fun jobs that pay $20 an hour or more—without having spent any longer than one or two years in college or trade school....

Last updated Mar 14, 2020

How much does Amazon pay FBA?

If numerical figures are what you're looking for, Amazon FBA sellers earn average monthly sales of $1,000 to $25,000. However, sales don't always...

Last updated Feb 13, 2020

Promotion

Have you noticed... that the print / mailing / marketing services world uses "M" in their pricing quotes while the financial world uses "K" and each one means "per thousand?

In the marketing and data world, "M" stands for per thousand records of data. In the print world, it would stand for per thousand sheets of paper, or other print functions like inserting, or completed print pieces. Many manufacturers also use "M" in their per unit pricing. M and MM are Roman numerals where M stands for "one thousand" and MM is intended to denote "one thousand thousands"or "one million". A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using Roman numerals and can also be referred to as USCS (US Customary System). CPM - Cost Per Thousand (M=1,000) - is a marketing advertising term referring to the cost usually referred to for internet pricing. For example, the cost of a Google or Facebook ad might show as $10 CPM, meaning $10 for every thousand times your ad appears. CPC means "cost per click".

The financial world uses "K" when referring to "per thousand dollars". Why is there such a difference in terms when they basically mean the same thing?

K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00. It is entirely possible when dealing with a vendor that both terms could be used in the same sentence: An example would be a marketing quote for 80,000 records of data for a list order or pertaining to a large print order:

$45/M x 80 = $3.6k ($3,600.00)

One answer I came across as to why some industries uses USCS and not metric is that when the industrial revolution happened, measurements were based on the imperial system and as time went on, it was too cost prohibitive to change. Industries dealing with science, technology or those with international business would likely use metric. Otherwise, I can't really find an answer as to why these two professions use different ways of of expressing "per thousand". Trust me though -- it makes a big difference when talking with various vendors for services. It's good to understand that these differences exist.

DBS - helping you to mail smarter

Website: DBS Marketing Services / DBS Blog 480-227-8685

What is the first golden rule in marketing?

Know what they want The biggest golden rule is to carefully identify what your clients need and want, and then to show them that you can provide...

Last updated Jun 13, 2018

How can I make 4k in a month?

How To Make $4,000 A Month Blogging. I wanted to start with blogging for this list because it's a personal example and one of my all-time favorite...

Last updated Sep 9, 2022

Promotion

What age girls fall in love?

They found 55 percent of people fall in love for the first time between the ages of 15 and 18. So it's more than half, but that means 45 percent of...

Last updated Nov 27, 2021

How often do YouTubers get paid?

If your balance exceeds the payment threshold and you have no payment holds, you'll be issued a payment between the 21st and the 26th of the month....

Last updated Jul 5, 2018

Promotion

Does TikTok delete everyone?

When you press and hold a message you've sent in the inbox tab, you are given the option to 'delete' it; however, this doesn't actually delete the...

Last updated Oct 4, 2022

Promotion

How do I become an expert in social media marketing?

How to Become a Social Media Marketing Manager: 5 Steps Close skill gaps. ... Learn Social Media Platforms and Marketing Analytics. ... Gain...

Last updated Apr 24, 2021