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[Shopify] How far can daily 5$ Facebook ads get?

Discussion in 'Making Money' started by Liedan, Aug 6, 2017.

  1. Liedan

    Liedan Junior Member

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    5$ per day on Facebook ads is my daily limit, just for the beginning - until I get some sales to use the money to scale the ads. I obviously will do my best to learn how to target and use these ads before I start.
    I will also try using some free traffic sources to get sales.

    Do you guys think I could get some sales using this strategy? Thanks!
     
  2. Lunaaa

    Lunaaa Jr. VIP Jr. VIP

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    Probably nothing. Some likes, some clicks.

    You might want to invest a little more than $5 per day so you can split test targeting. $20 per day would be better.

    You will likely spend a few hundred, or thousand before you find a profitable product
     
  3. Saaraan

    Saaraan Newbie

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    It depends on the audience. If the CPM is low and CTR ~3% you might get some interesting data. If the CPM is more than 12$ expect statistically unsignificant data. I did this for long and was getting some days 3x35$ sales per 5$ spent sometimes no sales.
     
  4. salaheddine

    salaheddine Newbie

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    I have a cpm of 2.18$ is that considered low? I'm planning to run 3$ fb ads to get at least one sale then scale the ad budget @Saaraan
     
  5. Liedan

    Liedan Junior Member

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    What if I would rephrase the question: 5$ daily facebook ads, or nothing? (nothing is probably trying other methods, earning some more money and getting back to shopify)
     
  6. litehoster

    litehoster Newbie

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    I think it all depends on the traffic you chose and which country