55x ROI from Digital Marketing for
Driving 3x growth in sales for MeenaClick in Bangladesh
55 times ROI from Digital Marketing for E-Commerce Platform
Driving a 3 times growth
in sales for e-commerce
MeenaClick – one of the largest retail online markets in Bangladesh, launched two years ago and has managed to achieve success with high top of mind awareness and brand recall despite a high level of competition in this space. This year however, MeenaClick faced an unprecedented challenge of being unable to cope with the skyrocketing level of demand that the COVID-19 pandemic created.
As the pandemic forced more Bangladeshi consumers to shop online, it resulted in a spike of negative sentiments towards the brand, resulting in customers shifting to competitors. As consumers continued to go digital and online shopping continued to increase by 3 to 4 times, customers were not returning to MeenaClick and it struggled to push sales numbers and drive higher basket value.
The objective of the campaign was to target the right consumers so that MeenaClick could increase demand and ensure that they gained high quality leads whilst keeping fulfilment challenges low.
Recruit right customer to increase basket value per customer
Increase daily orders and total sales
In order to ensure that the campaigns were controlled, optimised, and targeted, there were four campaigns that ran simultaneously on the back end, with each addressing a different target segment. The four target segments were:
- Existing Customers
- New Customers
- Affluent Customers
- A/B Testing
Through our data analysis, we identified the digital spaces most frequently occupied by our target customers, and when they were most likely to convert. We also built personas around their online behaviour, interest, and intent. We used this to create conversion campaigns to drive high quality traffic at minimal cost. The campaign was also bolstered with a strong nurturing and retargeting campaign to further drive conversions from the traffic generated. Here’s the split of the personas and the creative served.
By targeting MeenaClick’s existing base plus visitors, we were able to provide value to these loyalists and encourage them to increase their basket size.
Using XACT, we carved out a segment of upscale shoppers and those who frequented affluent areas within Dhaka.
Through lookalike targeting coupled with interest targeting via XACT and other data sources, we managed to acquire ideal customers for MeenaClick.
Through experimentation with creatives and formats, we were able to derive the best formula to achieve the objectives of reach, driving web traffic, remarketing, and conversion.
MeenaClick’s incremental tactical campaign achieved an
3x increase in sales throughout the campaign period
in Basket Value
3.75x increase in basket value
in Daily Orders
2.8x increase in daily orders
3.5x increase in link clicks
2x increase in impressions and 3.5x increase in link clicks
Overall a 176% increase in growth to date
Return on Investment
Purchases could be attributed back to the campaign resulting in 55x return on investment for the brand
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