Daily budget relation to Product Price
So, this might sound like a dumb question, but I'm genuinely curious because I'm on a tight budget, and this would help me tremendously if it's true.
From what I understand, if a product costs $25, it's recommended to set your daily budget to at least $25 in order to see conversions.
But what if the product costs only $2.50? Would a daily budget of $2.50 be enough? Would I still be able to get conversions at that budget for that product?
I'm asking because it's generally recommended to wait at least 2–3 weeks before deciding whether an ad is working.
I can't afford to do that with a $25/day budget.
However, I can afford to do it with a $2.50/day budget.
Also, if I kept my daily budget at $25 but advertised a $2.50 product instead, wouldn't my chances of reaching 50 conversions per week be much higher?
So, what I'm essentially asking is: wouldn't it be smarter to advertise lower-priced products with Facebook Ads?
Thanks in advance!