People, if you have no fucking clue what is going to work, set you CPC to what you are willing to pay, then set your daily budget to $10
You can always go back and change the $10 to $50 also raise the CPC.
If I know I convert 13-16% on a dating offer, paying $5/lead - I dont want a max cpc more than $0.65 - Ever
100*.13 = 13 13*$5=$65 $65/100=$0.65
That is to break even at my lowest estimated conversion ratio
Obviously if I see clicks coming it at exactly $0.65 I know this is not going to be PROFITABLE - At least it wont be a LOSS
You can always go back and change the $10 to $50 also raise the CPC.
If I know I convert 13-16% on a dating offer, paying $5/lead - I dont want a max cpc more than $0.65 - Ever
100*.13 = 13 13*$5=$65 $65/100=$0.65
That is to break even at my lowest estimated conversion ratio
Obviously if I see clicks coming it at exactly $0.65 I know this is not going to be PROFITABLE - At least it wont be a LOSS