For all the fine folks out there buying banner ads:
How much money would you spend on testing a new campaign flow
- Creatives, Placements, Landers, Offer
(without any conversion happening) before deciding to move on and stop running the campaign?
E.G. Nutra Men's Health, High Payout.
Have spent $400 on TJ finding the placements with lowest CPC and highest traffic quality.
AM says epc goes from .7 to 1.55 and CR is close to 2%
Sent 200 Clicks to the campaign and got no sales. ROAS -100%
Is it enough to stop in your opinion?
Spend and campaign metrics are obviously important, but it's more important to make sure your foundations are sound first.
Are you choosing offers correctly? Unless you have some great info to give you a leg up, a high payout nutra offer (eg $80) is going to be brutal trying to get started with.
Are others running that offer? How do you know it's a good one to run?
What's your budget? If your budget is limited, it's going to be even more difficult to find green testing a high payout offer.
How are you setting up the campaign? Are you running across the entire network (RON) or just a few placements? Running RON on a high payout offer with a limited budget, is about as hard as you can possibly make it on yourself, especially on adult with so much traffic and placements to weed through.
Are you using a lander? Or are those 200 clicks just ad clicks? Without knowing the engagement of those visitors you're still running partially blind and may be optimizing based off data that can be misleading like placement CTR and CPC.
Basically need more info.
In my opinion you should spend between 5 and 7 times the payout in testing with a max of 200$. So testing a high payout offer like the nutra offer you tested, is quite expensive.
After the test you should be minimum at 70% revenue/spend (eg spend 100$ make 70$) its still not profitable but at least you can get to profitability with optimization.
If you are below 70% after spending 5-7 times the payout (max 200$ in total), then move on to the next campaign.
Its counterintuitive and against your will to turn off a campaign you've worked hard on and spend time on setting up. But you have to have a clear cut off point and well defined testing strategy.
Whatever you do, if you have to fail, FAIL FAST.
Since you are running on TJ, you don't have to think about the traffic much ... it's as good as it gets, when talking about the general big traffic networks. Just one note ... do not start with the tier3 RON, focus on their core sites like pornhub, redtube, youporn ...
I know that people are making money with male enhancement on TJ, so the problem will be with your funnel ... it's either the banners, the LPs or the offer.
So, I just need to ask the same questions as thedudeabides ... did you use LPs, and if so, how did you pick them? How did you chose the offer and did you test just this one? What's the GEO and what's the conversion point? How about the ADs, are you using your own or some proven ones?
Alright so: first of all guys thanks a lot for the replies, some big names here so I will make sure I answer in the most exhaustive way:
Promoting just one ED offer on one network.
I have already talked with my AM and he signed me up for another network
to check if they have been scrubbed
(but it would be REALLY strange...)
It seems to me that the offer converts since it had 1.6 Million Hits in 2 mos
and has a bounce rate of 27% on the VSL(similar web data)
The VSL is really really good, at least from my experience...
and I have been told the conversion rate of that offer was close to 2%
and when I went through the flow I could see why, it's really good (at least IMHO)
I have been running RON on TJ.
Using my own banners & 2 proprietary Advertorial Landers + 1 I "ripped"
from another affiliate I found on Adplexity that have been sending a LOT of volume to that offer.
here you can find campaign stats & data:

GEO: US
Hope I could answer your questions and make the situation clearer for you guys
can check the funnell here if you want:
www.hardcock.guru
I have been using this angle for the campaign
"your wife might cheat on you if your "genital apparatus" is limp 
For other landers go l2 / l3 / l4 instead of www
Mind you if you're a sensible guy don't go on the link since it's an adult offer
But I think we're all adults here, right? 
P.S. Of course, the links to the offer are not gonna work since you're reaching the website through an url that is different from the campaign url on
P.P.S. Can you guys define "low budget" in terms of ad spend?
Hello, let me quote some parts of your post and give you answers.

Just realised the picture I've uploaded wasn't present in the post, copying the campaign stats in here so you guys can see
Traffic Source: TJ
Ad Spend: $400
Ad eCPC: $0.21
Ad CTR: 0.03662
Ad Clicks: 1850
Bot Traffic Perc: 60%
HumanCPC: $0.52
Avg. Lander CTR: 10%
Offer Clicks: 186
Offer CPC: $2.11
Payout: $155
CONVERSION FLOW
VSL + Exit POP -> ORDER PAGE + Exit POP -> OTO Upsell
If you were to promote an offer like that, what kind of cap would you put on your ad spend before giving up on it?
By the way, I think the problem lies with the demographics of the people landing on the pages.
I am thinking on switching to premium membership placements, and pick just one of the major sites,
possibly the one with the most 45+ traffic on it.
I am having trouble understanding how much is enough when buying media for this kinds of offers.
Things like
- How much money should you be spending on testing an angle
- How much traffic should you be running to the lps before ditching them
- What CTR is considered to be good on banner ads
And also how to decide what placements to put the ads on when testing a new angle.