Is my budget too low for audience data collection thru FB ads?

G’day!

I’m trying to build Women’s activewear brand thru dropshipping. I’ve got my supplier in the states and hired a videographer then made some videos, later I edited them and made a video which I want to promote on fb/insta to bring customers to my site. I’ve been running some ads for two days to collect audience data and I haven’t got any sales yet.
I’m planning to not to spend more than $300-350 to collect data of my audience then target the specific audience.
Is my budget too low for data collection on my niche? And I will really appreciate if you can suggest some audience interests to target for the best result in my niche.

Cheers!

this what we do :
Start with niche related interests
Multiple ad sets - 2 or 3 ads in each ad set
optimize for purchase
see which creative / audience will respond to your ads...

It's not low

Razen666 said:

It's not low

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Really? In his niche the comp should be pretty high especially at this time of the year (and no one cares about the COOF anymore, don't listen to the media) so I'd imagine $300 would be pretty shallow, no?

SpryDragon said:

Really? In his niche the comp should be pretty high especially at this time of the year (and no one cares about the COOF anymore, don't listen to the media) so I'd imagine $300 would be pretty shallow, no?

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it's not low

W

SpryDragon said:

Really? In his niche the comp should be pretty high especially at this time of the year (and no one cares about the COOF anymore, don't listen to the media) so I'd imagine $300 would be pretty shallow, no?

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Well he said he want to collect data so in this case we are not talking about if he's going to get an ROI. The data is unlimited to some point so it also depend on what he needs.

Razen666 said:

W

Well he said he want to collect data so in this case we are not talking about if he's going to get an ROI. The data is unlimited to some point so it also depend on what he needs.

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Thanks for your response.
It's not like I want to just spend 300 to only collect data. For sure, I would want to see some purchases at least to cover a little bit of the investment and also to have an audience data that can help me to get an ROI later on.

rajohnjih said:

Thanks for your response.
It's not like I want to just spend 300 to only collect data. For sure, I would want to see some purchases at least to cover a little bit of the investment and also to have an audience data that can help me to get an ROI later on.

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I understand but as you know nothing is guaranteed with paid ads so you may burn that 300