I didn't have a formula in mind with the fake sales page, but my conversion rate was 3-4%. Not bad.
In my mind it wasn't scientific. If I could put a sales page for a product that doesn't exist and even one person attempts to give me money, imagine what I could do if I had a real product and could even show a sample, testimonials, etc.
The fake sales page, for me, was just to test that I wasn't off my rocker with the idea and to get a little motivation to push forward.
I have spent a bit of money on advertising (<$200) and saw almost no returns from it.
In my mind it wasn't scientific. If I could put a sales page for a product that doesn't exist and even one person attempts to give me money, imagine what I could do if I had a real product and could even show a sample, testimonials, etc.
The fake sales page, for me, was just to test that I wasn't off my rocker with the idea and to get a little motivation to push forward.
I have spent a bit of money on advertising (<$200) and saw almost no returns from it.