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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 Elite Member

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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
     
  7. 0527

    0527 Newbie

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    @Lunaaa Do you use whichadswork? If so can you put me contact with @cleanguy2 ? Been trying to renew my subscritpion for whichadswork and he's been unresponsive. It's killing me conversions. Thanks man I would really appreciate it
     
  8. bperi22

    bperi22 Newbie

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    Do you have a YouTube channel about dropshipping ?
     
  9. TheGreenLantern

    TheGreenLantern BANNED BANNED

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    I would say no , probably a few likes you have to increase budget to at least $30 to see good results
    I would recommend you increasing budget to $30 per day.
     
  10. zinuoruge

    zinuoruge Junior Member

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    5 dollar is work, but waste time
     
  11. Krusereact

    Krusereact Newbie

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    $5 is not enough to get many sales, maybe just to get used to the fb ads platform.
     
  12. servworld

    servworld Regular Member

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    If you run it for long enough,Her eventually you're going to see some statistics and that might help you. It might be a little while before you do, though. If you increase your budget, The numbers will come faster. It really is up to you, but in the end you're going to spend the same amount of money
     
  13. clumsyjessy

    clumsyjessy Registered Member

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    If you target right and you ads look exactly like audience want it/like it, there will be incredible results, trust me
     
  14. malayguru

    malayguru Regular Member

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    i have tried $5 but it is very slow to collect data, then i tried $20.
    this way i can save 4 days time to get it in 1 day, time is money
     
  15. johndla

    johndla Junior Member

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    agreed for spend more money get faster results ,
    split test for your product needed ,ads image must have clearly indicated information,
    now you are spending money ,so you need to try to attracted good customer in ,
    what mean good customer,at first they are interested for your product,
    they must buy it within a week or within few day
    few type of customer,some required delivery product in short time,
    1,needed and interested to your product
    2,interested your product,but not 100% needed in a week or short time,this can consider potential customer,
    3,just attracted by your pictures,maybe just attracted by a pretty women in your picture,this also possible but Low chance to get,
    4,interested for the product,still look around,your product is one of the considering .

    If you are targeted 1 ,4 type of customer,you have high chance to get them ,
    Put simple filter in fb ads,Let say if you are selling diving mask ,of course the selling time better in summer ,
    And user filter can put whose interested to diving like have Swimming or diving hobby ,
    Their age should put that country of people average aged started work age to 35,
    Retargeting can be an option ,most of people won't just buy your product at first time visited your webshop,
    it will take time for them to do the research before purchase a product ,this retargeting method just keep informed them
    and remind them to purchase,you can used Google retargeting and fb
    most of people will search of your website reviews in Google ,so you can also used retargeting to
    Your website by Google .credit card charge back it always happen :),
    fb ads not a easy way ,at the beginning you will need to spend a lot,
    and no body can guarantee 100% you will be the winnner ,
    do more research and observe that can reduce the cost ,
    I have one Friend he throw daily 500 usd to sell one type facial product ,
    this kind of product too many peoples sale ,how do you put a simple filtering in ads?
    I think Those of daily 500 usd he throw into the trash ,
    remember call to action needed in your product description ,and put a dead line ,
    Example ,get 60% off before 1 sep 2017,what made your product different with other also can write in,
    And more attractive to customers words you can write in the description,
    Example , 100% satisfied if not refund or 2 months guarantee money back ,
    in the end they will compare your product Price with other product,
    How do you let them feel safe to purchase your product,then
    You must hv some good strategy ;)
     
  16. MillieNelson

    MillieNelson Junior Member

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    5 $ will get u just imps or one click mostly it will be waste
     
  17. uncutu

    uncutu Elite Member

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    ive heard lots of ecommerce guys say $5 is enough to get you started for fb ads + shopify. to test if campaign works or not anyway.
    but its like asking how far can you drive with $5 of gas? we don't know what you're driving (car/motorcycle), what your mpg is, what's the cost of gas, is it premium or regular.. etc.
     
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  18. samovitch

    samovitch Registered Member

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    for 5$ you will get just statistics and analytic of the audience , i prefer to use post ad it will give good results ,also if you have a lot of friend make theme write comments on your paid ad posts to raise the conversion rate
     
  19. MisterF

    MisterF Jr. VIP Jr. VIP

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    Agreed. Like asking 'can I rank top 3 with 10 PBNs'....