Meta can spend any budget quickly. Without clean conversion tracking, the platform optimises for whatever is easiest to find, which is often cheap clicks from people who never buy.
Most underperforming accounts share the same causes: too many small campaigns splitting the learning, one or two creatives running for months, and reports that show impressions and engagement instead of cost per enquiry or return on ad spend.
The work starts with measurement and structure, then turns creative into a steady testing process.