If you get 10 clicks on your ad what is the likelyhood of getting a conversion? I now it depends but based off of your experience what is the likelyhood of getting a conversion?
Depends on what the product or services is. I see most things convert at 1 sale per thousand clicks unless you target it very narrow. I am sure some things get 1 sale per 100 but most times it takes hundreds of hits for a sale. I have one site that makes 3 sales per 500 clicks but most sites make a sale every 1000 clicks for me. If you have the best price for the product i am sure sales will be alot better maybe well under 100 hits per sale.
I manage campaigns with conversion rates ranging from 0.1% to 20%. There's no correct answer - it depends on what you're doing...