check your tracking settings first, if those are correct, it is highly likely that your target audience is not precise enough. you can try using different creatives to it again..
I also faced this issue before the traffic looks good, but a lot of was not converting. then I checked the traffic quality to find the problem this help me a lot.
Honestly, I would start with checking the tracking. Next, compare the leads with sales, call quality, returns, and customer value to see where there is inconsistency.
Well, this can actually be the case. PPC statistics may seem positive despite low-quality leads, so rather than looking only at clicks and conversions, I would examine leads, sales, and revenues.
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