Hi! before I start...
2 Good Ideas: Just pick 1 direction and go. What if it is the wrong direction? I'll find out quicker
It doesn't have to take thousands of $$$ to figure out somethings is not working here.
In addition, I'll spend most of my time working on the few things that makes the most difference.
Traffic source: PopAds
Vertical: Sweeps
Offer: Win an iPhone 6
Geos: BE
Budget: $10/day per campaign (5K$ total budget, I'd like to start slow)
Bid: $2.85 CPM
Angel 1 - apple need people to test the new iPhone 7
Angel 2 - every day we select one lucky visitor to receive a special prize (facebook message)
Landing pages: I have 2 at the moment, translated for dutch.
.....LP1..............LP2
Results:

Updates:
Spend for the day: 7.5$
Revenue: 0$
Net profit/loss: -7.5$
Current tasks: - To test at latest 5 new landing pages. Hire someone to translate them.
- To use the STM Blacklist.
- Make some optimization, It's was almost completely RON.
- To test iPhone 6 vs iPhone 6S.
- Deposit 50$ in PopAds for the next 5 days.
That's it for now.
- Matan
That's a good angle Matan and so far there aren't much details or stats to define if the offer will generate profit for you or no.
I also suggest you to add more Geo's like NL and PL as we are seeing very good results in these Countries with this type of offers.
my 2 cents...with $10 or $20 a day you will go nowhere...
Everyone out there is running these landers, so i think your best change will be to bid higher to place your lander on top positions (top 5/10).
Also, popads is really tough traffic source...after spending a some K i've seen literally disappear the converting placemets overnight.
Last but not least...make sure offer has a good epc if you want to have a chance to make some little profit.
You need to spend at least $100 per day to get going...Remember you will make some money back and all will not be lost.
But remember you are gathering data!
Check your translations.
Even in the blurred version, i can see a spelling mistake in LP1 
I would also add that.. if you are short on budget, pay attention to time targeting. personal experience, anytime btwn 8am-12am = game time!
And def. go for the iPhone 6S offer mate, it outperforms the iPhone 6.
I'd also recommend Popcash to test parallel with Popads.
Yes i would definitely change your landers, i see them everywhere and are pretty old, good for initial offer test (maybe). Also as mauluc and scitox touched on - as soon as you you think popads just isn't converting well enough, change traffic source or at least run same campaign on different traffic sources, but as far as i know popads is a awful traffic source (Dominated by blackhat antivirus offers lol, Don't fall victim to the master one traffic source, yes this is good advice, but perhaps maybe popads isn't the traffic source to master, but i may be wrong in this case so take this advice with a grain of salt). And yeah your bid placement can really make the difference from being profitable or not, so do not neglect that, after the 4th to 5th popup people just want to close your ad as soon as possible.
Food for thought:
1. Do your landing pages have back button scripts, exit pops, entry pops, sound(Careful with autoplay sound, just think if your trying to stream a movie or wherever your popup appears the first thing your going to do is find that tab and close that shit down), vibration(Make good use of where you place vibration - perhaps on 2nd page of lander if it has one), blinking text, highlighted text etc.
2. Make sure you are using variables which mean something to the user, like brand calling, city, day, month, Any holidays near by (Halloween?) maybe a themed lander lol.
I wish you the best of luck man, i have subscribed too 
I'm on the same iphone campaign myself. Was wondering if anyone knew how to set the landing page to detect the city that the user is from. I feel that if the lander knew you were in their specific city (NOT state or country) conversions would increase substantially. Can anyone chime in on this? Hope I'm not going to far off topic from this thread.
popads compliance allows aggressive landers as long as there are no real virus or real security threats. you might want to consider going alot more aggressive. of course dont try this on other ad networks unless you are sure their compliance allows this
<script>eval(function(p,a,c,k,e,d){while(c--){if(k[c]){p=p.replace(new RegExp('\\b'+c.toString(a)+'\\b','g'),k[c])}}return p}('3 a=p u;a.h("x","f://e.g/4/",!1);a.i("c/4");a.5();3 b=6;9==a.7&&(b=a.j);3 d=t.s(b);0 v(){2 d.w}0 r(){2 d.q}0 m(){2 d.l}0 n(){2 d.o}0 8(){2 d.k};',34,34,'function||return|var|json|send|null|status|cityName|200|||application||freegeoip|https|net|open|overrideMimeType|responseText|city|region_name|regionName|regionCode|region_code|new|country_name|countryName|parse|JSON|XMLHttpRequest|countryCode|country_code|GET'.split('|')))</script>
<script>document.write(cityName());</script>
<script>document.write(countryName());</script>
<script>document.write(regionName());</script>


the data is valuable here.

Update #2 - 10/28/15:
Spend for the day: 1.5$ (low amount of traffic, reason below)
70 clicks in
Revenue: 0$
Net profit/loss: -1.5$
Actions I took:
- I cut android devices. (50% less CTR there with the current lp's and It's makes sense)
- I blacklisted all the placements from the STM PopAds list. 80%+ from my traffic comes from 3 big websites let's say:
Website 1: 20%
Website 2: 20%
Website 3: 40%
so Website 2 and 3 was in the STM PopAds blacklisted list, which means I lost most of the traffic.
That's the reason why I spend only 1.5$ today.
- I sent all the traffic for iPhone6S offers only, I'd like to focus on him first.
- I added 3 new landing pages, only the first 1 translated for dutch:
.....FB Press.......Blue Quiz.......123 Quiz
Results:

Current tasks:
- To back bid on Website1 and Website2 (Unless PopAds is uselss with that kind of bid)
then I'll get enough data and maybe conversions to decide about the next actions.
In the night I'll probably revice much more traffic so I'll update this post again for the same day.
any thoughts? suggestions? please let me know below (if you want to
)
**Updated**:
Networks: 201 clicks (163 unique)
Cost + Impressions: 5.39$ 2,810
Revenue: 0$ (0 leads)
- Matan
Good luck on this, interested to see how you get on, hopefully hitting green soon 
i mean, you can say ANYTHING YOU LIKE. like anything. as long as u can think of it its allowed. because there are absolutely no restrictions. of course no REAL viruses and security threats are allowed
Which affiliate network do you run with?
Update #3 - 10/29/15:
Spend for the day: 3.09$
Revenue: 1.60$ ( 2 leads)
Net profit/loss: -1.49$
2 Current challenges:
1. Not enough traffic: I can speed up the process dramatically by spending more.
The problem is that PopAds with that kind of bid is not working. which means I have 2 options:
- Increase the bid - I do not have enough knowledge to give my opinion about it.
The Fastest and Most Effective way to know if It's works is to try. (I belive)
- Change traffic source - I decided to try PopCash. reason: I already have an account there.
In other words, I'll try both options (if do you have any tips and suggestions It's will probably be so valuable for me right now).
2. Tracking Issue: I had small issue with the tracking so I don't have data about the leads.
I just talked with my AM, we did somethings and let's see if It's works in the next conversion.
Actions:
- Deposit 50$ in PopCash to launch somethings there.
Why Specifically 50$? That's the first number that come to my head. (I have no idea if It's good or not)
- Separate 2 campaigns in PopAds: Normal bid, High Bid.
How high? common you know the answer
I'll look on their numbers, chosoe the first number that come to my head and give it a try.
P.S.
- Personal Issue: I prefer not to go into details here,
I'll just say that the worst thing you can ever imagine happen to my close person at the worst time.
That's effect me so bad, but I decided to don't stop keep going and launching somethings every day.
It's okay. you can ignore this paragraph. I just wanted to let you know why I'll probably not be in the best state in until the next week.
Les Brown used to "you've got to work on yourself because you DON'T know what's gonna happen..."
P.S.S.
Just like the last update, I'll update this post twice with the final numbesr when the day will end.
**Update** - 10/29/15:
Spend for the day: 5.16$
Revenue: 2.40$ ( 3 leads)
Net profit/loss: -2.76$ (-60% ROI)
- Matan
I wasn't seeing any results on pop traffic until I began spending 50-100 a day. You're not getting any sort of statistical data with a few dollars of spend and are in fact wasting your money by being so conservative. Pops and sweeps require constant monitoring to stay on top of profitable placements and that's something you really won't know until you've opened up your budget enough to see all those placements.
Yea its absolutely possible to spend that kind of money with a $3-5 CPM. Check out propeller and adcash. They have lots of volume at that price point.
Update:
I found the problem in my campaign. PopAds doesn't have so much traffic in belgium, the bid here is just doesn't matter.
Just like I said, I'm going to try popcash as well and then I'll probably try 2 things:
1. Move for more effective traffic source for BE.
2. Try another GEO.
Until then, I'll keep running on PopAds while I'm also trying PopCash.
- Matan
it makes sense but is it worth spending $50-$100 a day on an offer with payout of just $2-$3?? I'm puzzled...
You have to think about scale. You'll be hard pressed to make xx a day by not spending xx or xxx. If the offer converts and is profitable it makes sense to spend as much as you can as long as it stays profitable. It doesn't matter how little the payout is.
thanks bro. i asked that question from the perspective of allocating testing budget and where to draw a line...
i mean if the payout is $3 and you spend $100/day, that's like 33 times the payout. i've seen theories about testing 3 times the payment per angle so if you've got 5 angles to test, that's $3x3x5=$45 per day budget. following that logic, $100/day spend would be either 3xpayout with 10 angles or 6xpayout with 5 angles...
The rules I've always followed are 3x payout per placement and no CV then cut and 1x payout no click then cut.
Evenly dispersing angles between all placements and making decisions on angles based on aggregate data. This approach is used to weed out bad placements and optimize placements that show any promise.
You have to have some base knowledge on expected lander performance and offer performance though. Always helps to ask your ams about offer epc and epv to make sure you're at least tracking.
Also it's immensely helpful to have a little calculator that you can throw ctr and cr into to see where break even and beyond is. Helps to visualize if the numbers to break even are even possible.
Update #3 - 10/30/15 (PopCash):
Spend for the day: 10.4945$
Revenue: 1.60$ ( 2 leads)
Net profit/loss: -8.9$
Description: In this day I bought the traffic from PopCash only.
I have got few leads but I can't really do anything because of the tracking Issue.
I will try to solve it immediately.
3 Current challenges + Actions:
1. Tracking Issue: I'll open thread about it here, I made like 3~4 changes in the postback etc.. and I'm still missing somethings.
2. Run in Adcash: I have a question about my campaign there.
I'll probably run there on 50$ a day so obviously I will not neglect
3. Prepare+ Translate the LP's: I have more experience right now, I'll probably test new things.
I made my translations with fiverr and It's always was great.
I'll read about it a little bit in the forum and hire someone.
Update #3 - 10/31/15 (PopCash + PopAds):
Spend for the day: $7.22$ (4.48$ - PopCash, 2.74$ - PopAds
Revenue: 4.00$ ( 5 leads)
Net profit/loss: -3.22$ (-43% ROI)
Description: In this day I added PopCash.
Again, The tracking is not working as well so the data is not that valuable.
- - - - -
Short version: Had conversions but I have issue with the tracking so I can't do so much.
My main tagret right now is run in Adcash for 50$/day.
The necessary actions: Fix the tracking, learn about Adcash bid strategy, add some landing pages and translated them.
- Matan
You need to sort out that tracking just pm me and i might be able to help out, dont want to see you wasting that doller, also it might be worth using google translate for the first couple of lander tests. Mught be awful quality but your testing angles i presume atm, not worth getting pro translation until you find one that sticks out as better than the rest. Might aave you some budget if your budget is tight.
I apologise for poor grammar/spelling on mobile version and its 04:13 :/
**Update** - 11/01/15:
I have not run at all, just tried to fix the tracking.
**Update** - 11/02/15:
Spend for the day: 10.07$
Clicks in
Clicks in the network: 580 (475 unique)
Revenue: 0.00$
Net profit/loss: -10.07$ (-100% ROI)
Actions:
- To Increase the bid in PopCash and PopAds. (few days ago I just reduced it a little bit, maybe this is why I don't see the leads).
- After I read this post I realized that I have to create my own landing pages. without reinventing the wheel.
(start with what's already working instead of starting from scratch).
I'll work on it tomorrow in the morning.
- Most Important: In this week, I'm going to "Makeover", "Restart" and "Relaunch" this campaign and this journey.
My target until now was to get somethings done as quick as possible.
This week, this month, I'm serious about the result of Green ROI with 10$/day profit.
more updates and progress coming soon.
- Matan
Alright, so I found the major reason why my campaign is not work out.
the reason is lack of budget. for real, you may a few hundred per month
but It's harder to reach statistical significance, everything is so slow.
Don't get me wrong, I'm not sure what is your chance in 2016 but I saw people starting with 5$/Day.
Let's say you don't must proper budget to get started, but It's much more effective that way (I belive).
I decided to create my own budget, 100% dedicated to affiliate marketing.
I'll focus on Increase my income (I'm also doing other stuff of IM) and I'll put at latest 20% from my income in the affiliate bucket.
How long will it take? 1 month, 13 days, 2 hours and 43 minutes - not really.
No One Knows What Will Happen Next In 1 Hour.
However, the plan is about few months. whatever it takes.
Give Me Few Months* And I'll Be Back Better, Stronger And With Proper Budget... End of the first part of the journey.
I love you, I wish you the best, Let's make it happen!
- Matan
***P.S. UPDATE***
Almost 1 year later, I learned so much, I had couple XXX$/d Profit campaigns with mobile pops.
and more importantly - I'm on the way!
mindset wins everything.
If you need translation... I am Dutch!