Hi all,
Last year I quit my job to travel around the world. Started adult 3 months ago, I spent around $1000 so far but haven't been able to make any campaign work. Last week I moved to a less saturated GEO.
I decided to write this follow along as a way of making myself accountable and get some feedback from you guys. My goal is to make $100 day in 3-4 months.
Good start. Not enough stats to eliminate any lander. Spend $16.9
Revenue $7.52
Profit -$9.58
ROI -55%
New competition entered and as a result I get around 30% less traffic. My conversion has started to drop.
Day9
Spend $16.6
Revenue $7.52
Profit -$8.9
ROI -55%
My 11 banners have decent CTR but my conversion dropped significantly. 2 Landers performing almost the same ~30%CTR. Competition seems to be the problem.
Day10
Spend $18.3
Revenue $7.52
Profit -$10.9
ROI -55%
I changed the bid slightly but nothing the traffic is split between 3-4 competitors now. If I continue losing money I will consider testing a new offer. How long should I wait before stop this campaign.
Hmm, looks very good! How close are you to being able to do a second round of landers?
Nah, let it run until you have a 90% probability.
Always best to be sure (ish)!
Just for curiosity, my mind loves patterns, your ROI was better when you spend more 
Spent: $6.5
Revenue: $22.55
Profit:$16.05
ROI: 245%
Lucky my conversion rate was high. I got even less traffic today.
Note: only 7% of the traffic (20 clicks) since I matched bid with spot #2 yesterday. Today I will match spot #1, try to get more traffic.
I use Minimum Viable Conversion Rate to cut banners every 10K but recently my CTR has dropped significantly (~0.24%) Not sure if should change images or stick to cutting banners with Confidence Intervals
How often are you testing new banners? It's possible you're starting to see banner blindness kicking in.
Spent: $24.9
Revenue: $22.55
Profit:-$2.35
ROI: -9.44%
Finally managed to get real % of traffic. My banner's CTR is 0.22% which is super low. I will create add new banners tomorrow.
Also I eliminated the low preforming lander. Now I'm left with the winning lander
That ROI's pretty darn close to profit! Nice one.
As for banners: I would normally recommend replacing cut banners with new ones, at least until you've tested 20 or 30 different banners. It's wise to test as widely as possible.
Looking forward to your stats over the next few days - looks like you're in a good place!
Probably not banner blindness! I'd guess statistical noise - you tend to see big peaks and troughs between days sometimes. Give it a few more days and keep going with the process.
Can you post stats for your individual banners?
Day 16
Spent: $30.6
Revenue: $45.1
Profit:$14.5
ROI: 48%
@ caurmen by stats you mean CTRs of my ads?
Sorry, should have clarified there. Stats: CTR, CVR, impressions.
Day 17
Spent: $30.7
Revenue: $22.55
Profit:-$8.15
ROI: -27%
I couldn't run traffic for last few days because of a problem with my Paypal account. I'm waiting for them to fix my account and they are so damn slow. Meanwhile here are my ads stats since I started my campaign 2weeks ago.

Wow those CTRs are similar.
How do these images/banners differ? I would test wildly different things to try and break out of this 0.25% CTR average you're sitting in.
Yes, definitely agree with Zeno here. Those CTRs are very similar indeed.
This might seem odd, but try to make sure in your next round of banners, at least one fails utterly. Make sure it's got copy, a CTA, and can be read, but beyond that, try to test widely enough that something falls flat on its face - that'll ensure you're also testing widely enough to see success.
I was quite busy recently, but I ve been running traffic. Recently there is way more competition, they just increase the bid prices then they go away after few days
@ caurmen: I agree, I wasn't testing widely enough... I now use gifs which should outperform static ads and also getting my lander translated with a different wording. Hopefully I can increase my conversion rate.
@ zeo: I was testing very similar ads. Mainly images that worked in my pervious campaign. One of my ads had 0.52% CTR for 1 week and now its 0.22
My new batch of banners are new ideas I never tried before. Most of them I think will fail 
Day 18
Spent: $30.8
Revenue: $15.03
Profit:-$15.67
ROI: -%52
Day 19
Spent: $30.7
Revenue: $15.02
Profit:-$15.67
ROI: -%52
Day 20
Spent: $19.4
Revenue: $7.52
Profit:-$11.88
ROI: -%62
Day 21
Spent: $31
Revenue: $52.62
Profit:$21.62
ROI: %70
Note:
Day 21 was a good day. I don't know why everyday can't be like that. My conversion rate significantly dropped from Day 18 to 20, I think its because of competition and also low banner CTR. I went to profit because I tried new banners.
What now:
I added 5 new animated ads today. Also I got my lander translated in different wording. I will split test it agaist my current lander which has around 30% CTR.
Day 22
Spent: $ 15.5
Revenue: $22.55
Profit:$7.05
ROI: %45
I ran into cash flow problems, won't be able to run traffic for 2-3 days.
Nice, keep going!
Anyone knows a good graphic designer? I want someone who can make cartoon animation for banners.
Day 23
Spent: $30.4
Revenue: $22.4
Profit:-$8.1
ROI: -%26.56
Ok back in the business. I started the campaign around 7pm yesterday so its not a big deal that I'm in red.
Note: I added 10 new banners, I now have to wait for data. Hopefully I will increase my CTR to ~0.3. The bids are getting very expensive. Bid are about 30 cents more expensive than when I started 2 weeks ago. 
Update: I got my lander translated with different wording. Now split testing them against each other.
Your continuous progress is very motivational, keep it up.
Day 24
Spent: $30.6
Revenue: $29.87
Profit:-$0.73
ROI: -%3
Day 25
Spent: $31.3
Revenue: $14.93
Profit:-$16.37
ROI: -%3
Day 26
Spent: $31
Revenue: $29.87
Profit:-$1.13
ROI: -%4
NoteClose to profit but still in red
My budget is too small, 2 conversions take me from loss to profit.
What next I have data to cut more banners today. I want to reduce my CPC.
Hey I didn't renew my subscription for financial reasons but I did run my traffic.
Day 27
Spent: $25.9
Revenue: $22.4
Profit:-$3.5
ROI: -13.51%
Day 28
Spent: $30.9
Revenue: $14.93
Profit:-$15.97
ROI: -51.68%
Day 29
Spent: $30.1
Revenue: $0
Profit:-$30.1
ROI: -100.00%
Day 30
Spent: $31.3
Revenue: $29.87
Profit:-$1.43
ROI: -4.57%
Day 31
Spent: $52.1
Revenue: $14.93
Profit:-$37.17
ROI: -71.34%
Day 32
Spent: $32.6
Revenue: $37.33
Profit:$4.73
ROI: 14.51%
Day 33
Spent: $39.4
Revenue: $29.87
Profit:-$9.53
ROI: -24.19%
Day 34
Spent: $25.7
Revenue: $14.93
Profit:-$10.77
ROI: -41.91%
Day 35
Spent: $41.7
Revenue: $37.33
Profit:-$4.37
ROI: -10.48%
Day 36
Spent: $52.7
Revenue: $14.93
Profit:-$37.77
ROI: -71.67%
Day 37
Spent: $34.4
Revenue: $37.33
Profit:$2.93
ROI: 8.51%
Day 38
Spent: $36.3
Revenue: $29.87
Profit:-$6.43
ROI: -17.71%
Day 38
Spent: $36.3
Revenue: $29.87
Profit:-$6.43
ROI: -17.71%
Day 39
Spent: $28.4
Revenue: $14.93
Profit:-$13.47
ROI: -47.43%
Day 40
Spent: $25.04
Revenue: $37.33
Profit:$12.29
ROI: 49.08%
Day 41
Spent: $19.4
Revenue: $29.87
Profit:$10.47
ROI: 53.97%
And last week
Day 42
Spent: $21.8
Revenue: $7.47
Profit:-$14.33
ROI: -65.73%
Day 43
Spent: $10.9
Revenue: $14.93
Profit:$4.03
ROI: 36.97%
Day 44
Spent: $1.96
Revenue: $14.93
Profit:$12.97
ROI: 661.73%
Day 45
Spent: $2.71
Revenue: $0
Profit:-$2.71
ROI: -100%
Day 46
Spent: $6
Revenue: $0
Profit:-$6
ROI: -100%
Day 47
Spent: $27.01
Revenue: $14.93
Profit:-$12.08
ROI: -45%
Day 48
Spent: $41.46
Revenue: $29.87
Profit:-$11.59
ROI: -28%
Day 49
Spent: $23.19
Revenue: $22.4
Profit:-$0.79
ROI: -4%
For past 4 weeks, I was close to break even point but couldn't get to profit. I converted 21% of all people who saw my offer page. I think one of the reasons was my banners had very low banner CTR (0.2%) and even though I used "Binomial Confidence Intervals" to cut banners, I was still left with 15 banners. only one of them above 0.3CTR.
Bad new is that I received an email from my network to pause my offer. When I asked my AM the reason, he said the quality of traffic was very low. I'm surprised, YP usually has great traffic quality.
I don't know what to do, my AM said I should do web for the same offer, but I'm starting to learn mobile and there is too much competition in web.
I will run another top offer from the same country but this time I will test different spots.
I will try to get my banners rejected tomorrow.With that many data I think the pause was just bad luck.
Some advertisers don't understand statistical significance and tend to make decisions faster than they should.
Get a new offer and give it a go again.
Day 92
Placement A
Spent: $85.79
Revenue: $46.61
Profit: -$39.18
ROI: -45.67%
Placement D
Spent: $23.17
Revenue: $13.98
Profit: -$9.19
ROI: -39.66%
Day Total
Spent: $108.96
Revenue: $60.6
Profit: -$48.36
ROI: -44.38%
Yesterday's banner CTR was the same 0.15%CTR.
I uploaded 10 new banners, i went for stuff i never tried before but I think i can still push the limit.
I have cash flow problems so can't run traffic.I hope to start by tuesday.
It's such a shame, I wanted to keep the momentum going.
catch up
Just wondering,
At what point would you guys stop this campaign? would you let it run for that long before calling quit?