Will Facebook ads help me make sales?

Hi there, I want to start a fb ads campaign for my dropshipping website. The problem is I don't have much money to spend right now, so I wanted to know 2 things:
1) What is the minimum yet effective daily budget for fb ads? Will $1 get me somewhere?
2) I want to do fb ads in the hope they will convert into sales. What is the best campaign to choose from (CTW, PPE, CW)?

TY
The one thing you have to understand about FB ads is that people are not on FB with their credit card in hand... therefore you need a complete marketing strategy to be successful. You need a compelling offer for people to optin to your funnel which is designed to convert them from a lead to a customer. The most effective and inexpensive way to do it is with video. Believe or not, this can be accomplished with a $5 day budget. Another thing to keep in mind is that most people make their purchases on desktop computers, not their mobile devices... that's why a follow-up sequence is important!!
 
Ofc we can help you :)
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