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I have tried it too, without success.
When I'm selling ads on my site in direct sales, I always tell them that this is about exposure and eyeballs/branding. I know from years displaying speciality products/companies in banners on my site, the CTR is not any better than the google ads (and usually worse because it lacks text/explanation) and the conversions can usually not be tracked to the exposure.
For me its part of the struggle we face as publishers and advertisers.
CPM is about eyeballs and branding
CPC is about clicks
CPA is about action/conversion
There's going to be a struggle between these ad usages on all ends of the spectrum.
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Its not really about the money,
Frito
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