Help please
I’m running a Facebook Ads campaign for a reverse mortgage offer.
On the first day, I spent about $180 and generated 10 conversions. The payout is $32 per conversion, so I earned about $323 in revenue (around $143 profit).
After that first day, performance dropped dramatically. I’m still getting clicks to the offer page, but conversions have almost completely stopped, even though I haven’t made any major changes to the campaign.
I’m trying to understand what could explain such a sharp change.
Was the first day just luck ?