Let’s provide a detailed analysis of our current advertising strategy and pricing considerations in an easy-to-read format:
Advertising Strategy Analysis:
Current Daily Ad Spend: Our current daily ad spend ranges between $500-$2000.
Ad Clicks: With our current ad spend, our advertising campaigns are consistently generating more than 2500 ad clicks daily. This is at an average cost per click (CPC) of $0.4.
Conversion Rates: Our conversion rate stands at over 20%, indicating that our campaigns are resonating well with the target audience and driving significant sales.
Recommendations for Beginners:
Daily Ad Spend: For beginners, it’s advisable to start with a lower daily ad spend of $30-$100. This budget is more manageable and allows for gradual optimization and learning from campaign performance.
Expected Results: With the beginner’s ad spend, we can anticipate a CPC of $0.60. The conversion rate for beginners typically ranges from 10% to 15%, which can improve over time with continuous optimization.
