So I'm planning on opening a store selling handbags or any product targeting women but not clothes or shoes.
Here are my expected spending and expected results:
Ad spend per day: $7.5
Channels: Instagram and Facebook
Expected visitors per day: 300 visits, targeting 1000 visits per day.
Expected sales: 3 conversions (1% conversion rate)
Targeting: High class women in need of classy, luxurious and quality handbags.
So here's my question, is it possible to achieve 3 sales per day with 300 visits or using $7.5 in ad spend each day?
Or I'm I too ambitious?
Please advise – thanks!