is $300 enough for FB ads?

17 replies
I am working now on building my first email list i have chosen my niche and now building my lead magnet but I only have $300 to spend on paid advertising so
it will be enough to create FB ads and see some ROI?
or do you recommend any another traffic source?

sorry for my english.
#$300 #ads
  • Profile picture of the author Marketing Fool
    Sure, you can spend as little money as you want on facebook ads. The effectiveness doesn't have anything to do with the amount of money you spend, it is totally dependent on how well your ads are written and how effective you optimize your site and how good your offer is.

    If your lead magnet sucks and your niche is crappy, no amount of money for ads will save you. If your lead magnet and niche are good, then any amount of money will get the ball rolling. Reinvest your earnings...
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    • Profile picture of the author alimov
      Sure it's enough, if you're good with targeting your niche. From that 300$ you can get goot ROI. Just do not use broad targeting for your niche, do deep targeting on your niche, so all your fans will passionate about product you're advertising
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  • Profile picture of the author Aur1mas
    It depends, I see you didn't do your homework. The thing is that you should also decide about what time period we are talking and about what kind of campaign? Page likes? Conversions? As for page likes that sum might be enough for like a month and would actually increase the number of your page likes. You would be impressed about its effectiveness.
    However, as for conversions in most of the cases that I've experienced is both - not effective and pretty expensive, so might run out of those 300 dollars.
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  • Profile picture of the author theskillsbox
    it all comes down to how well your site converts the customers who click your ads, id do a smaller sample test 1st to see if you need to improve anything
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  • Profile picture of the author winnermarketing
    300$ are not enought, they are too much!

    I always start with a 50$ test.

    After that I start with 200$ in the first month!
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  • Profile picture of the author John Moore
    Don't spend all your money in one blow. I normaly test out with $100 bucks and if the offer converts i ramp it up
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  • Profile picture of the author OfficiallyVinnie
    Banned
    With 300$ you can definitely determine if you hit the gold mine or not. Don't spent the 300$ at once first use 50$ to test on campaign and do some split testing. Remember to ALWAYS track your results this can help you find out whats converting and whats not. If you done some good research you will be going for a good run with 300$ Use it wisely.

    Cheers,
    Vinnie
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  • Profile picture of the author DollarShark
    Split test your campains try diffrent things and see what giving you results, i know someone who had success with 10$, if you have already custom audience(email list) use it for your advantage.
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  • Profile picture of the author Riki Stein
    As everyone else said, it's definitely enough - BUT you must make sure you know what you're doing so you don't lose it all.
    You can start with a campaign for as little as $5-$10, and if it's converting - keep it, but if it isn't, turn it off and figure out how to improve it.
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  • Profile picture of the author JohnnyFanta
    Do a test first and make sure that you happy with your funnels and what happens when you get the lead.
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  • Profile picture of the author Elsayed galal
    really thanks for all answers but what you mean by test your campaign? now i will setup the ads then drive visitors to my LP with lead magnet to get their emails then redirect them to a good clickbank offer. do you mean I must test $50 first and if I didn't get any clickbank sales I must change that offer?
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  • Profile picture of the author arojilla
    It's not what you spend, it's what you get in return.
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  • Profile picture of the author expressg
    Yes that is more than enough. You should work with a small daily budget in order to get the hang of things. I started with $10 a day campaigns and carefully monitored everything and tweaked constantly. You should also decide on how much you're willing to spend per lead. In other words, what offers do you have in place within the funnel you're sending them to? What is your potential earnings per click?
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  • Profile picture of the author jamescanz
    Originally Posted by Elsayed galal View Post

    I am working now on building my first email list i have chosen my niche and now building my lead magnet but I only have $300 to spend on paid advertising so
    it will be enough to create FB ads and see some ROI?
    Yes, as long as you don't go super-crazy and dump all of it immediately

    It also depends on what you are promoting and it's payout

    Originally Posted by Elsayed galal View Post

    or do you recommend any another traffic source?
    Bing is a pretty user friendly, inexpensive place to go.

    Check it out.
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    • Profile picture of the author faithkonfyans17
      We cant say for sure, it comes down to your funnel, what are you selling and how are you selling it. having $300 as your advertising budget does not mean you're going to see any profit.
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  • Profile picture of the author Ecommerce CMO
    You definitely can. DON'T blow it all in one go. Try $20 in your first week. Measure the results, adjust it and try again
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  • Profile picture of the author Chris J
    I would suggest to use different strategies which you think can work.
    Test every method with the minimum possible amount of money and then choose the one which worked the best.
    Then roll out your campaign with the remaining amount but remember not to use the whole amount of $300 e in a single campaign.
    Cheers!
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