I think i found something that's going to really work for me. I have tested out this product for the last 2 weekends and these are the results. Over a 6 day period i am averaging 5 to 6 sales per day at $30 a sale on 200 to 250 clicks while investing between $13 to $18 dollars a day in Pay per click. Basically i have been making in the consistent $150 range on investing $13 to $18 dollars in pay per click on 200-250 clicks for 6 straight days. I am very tempted to invest $30 a day and push for 500 to 600 clicks a day. My question is, is 6 days enough time to test out a product? Im very excited about the potential if i was to invest more, but worried i might lose money.
You're already ahead so why not reinvest some of your earnings? It's like gambling with winnings in Vegas.
BTW - IMO it's good practice to reinvest at least a portion of your earnings back into your business. It's the only way you can keep growing.
Just slightly increase what you are doing now and test it. It is all about testing and continuing to test. I have seen many say well I made $150 I will just up it by a lot and it will make me thousands. There is always a limit to how many people buy daily so you have to make sure you also find the max.
That's what i have been thinking. That if i invest a lot it could potentially earn me thousands, but i dont want to get ahead of myself. I'll take your advice and slightly increase my budget. Maybe a extra $5 per day. I was tempted to invest a lot more than that but i think i'll test it out longer before i do that.
Here's what I do. I have a set amount that I use for PPC marketing. That's the base amount. At the end of each day I figure out how much I made that day and 10% of that goes into additional marketing for the next day. So, if my base amount is $10 and I made $60 today my marketing budget for the next day would be $16. Eventually as my site gets more established and gets organic traffic and it's more on auto-pilot I'll stop doing that or I'll do it on a per month basis, but right now it's working for me because I'm very hands-on.