Do you think social proof makes a difference for facebook ads?

I'm curious about this, so my dropshipping store is doing crap in terms of profitability, my margins were to low to cover my costs. Even with a really high average order value it wasn't enough to save the campaign. So I raised the price and have had a few people buying a different price points. I now have a 2.5x markup. Does anyone here think if my facebook page has zero likes and same with the advertisements that it makes much of a difference?

I feel like the product and the marketing...

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