Google Ads feedback!

Hey community!

I'm trying to test a new product idea, and the first thing I did was to build a landing page with 'join waitlist' as a CTA. Then I set up a Google ads campaign to drive (relevant) traffic to it and get signups on my waitlist.

I ran the campaign for a week, and so far the results are the following:

Impressions: 56.5K
Clicks: 537
CTR: 0,95%
Avg CPC: 0,68€
Leads on waitlist: 18
Cost: 365€

What do you think about these results? Are they good enough to continue pushing this idea forward?

Thanks a lot for all your feedback!