Honestly, I don't think budget is your main issue here. You're getting clicks, which tells me the creative and targeting are working well enough. The real problem is what happens once people land on your site - either the price shocks them, or something on the page stops them from taking action. Trust signals missing? Mobile experience clunky? Disconnect between the ad's promise and the actual offer? Throwing more money at Meta won't fix those conversion problems. It'll just burn cash faster.
Here's what I'd do step-by-step before even thinking about raising that budget:
First, cut down your ad count. At $35/day you can't properly feed more than 2-3 ads. The platform can't allocate spend efficiently across a bunch of them - that's why you're seeing scattered results.
Second, audit the expectations your ads set. If your creative shows a product that looks like a $30 impulse buy, but your site sells $300+ items, people bounce the second they see the price. Change your copy to signal "high ticket" upfront - think phrases like "heirloom quality" or "starting at $200". That'll lower your CTR but the traffic that hits your site will actually be qualified and ready to spend.
Third, go through your site like a real customer. Check branding consistency, social proof (reviews, testimonials), ease of checkout, and most importantly mobile experience. If anything looks broken, slow, or untrustworthy on a phone, you're losing sales.
Don't increase ad spend until you see the add-to-cart rate and purchase rate climbing. Your buyers are out there, and the ads are bringing them in - the leaky bucket is your website. Fix that first, then scale.