Jewellery case study: ₹10,000 to ₹11,876 monthly revenue in 3 months
Case study
Month by month
Revenue by month
| Month | Phase | Ad spend | Revenue | ROAS | Purchases | Cost per purchase |
|---|---|---|---|---|---|---|
| Start | – | – | ₹10,000 | – | – | – |
| Month 1 | Learning | ₹5,553 | ₹10,342 | 1.86x | 4 | ₹1,388 |
| Month 2 | Scaling | ₹5,721 | ₹11,380 | 1.99x | 5 | ₹1,144 |
| Month 3 | Scaling | ₹6,209 | ₹11,876 | 1.91x | 5 | ₹1,242 |
| Total | ₹17,483 | ₹33,598 | 1.92x | 14 | ₹1,249 |
Funnel
Funnel, first view to purchase month 3
- Impressions29,593
- Link clicks5901.99% of impressions
- Landing-page views48081.36% of link clicks1.622% of impressions
- Added to cart5010.42% of landing-page views0.169% of impressions
- Checkout started1428% of added to cart0.047% of impressions
- Purchases535.71% of checkout started0.017% of impressions
0.017% of impressions became purchases
Mix
Where the budget goes month 3
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| ₹4,521 | 72.8% | 4 | 1.93x | ₹1,130 | |
| ₹1,688 | 27.2% | 1 | 1.87x | ₹1,688 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Instagram Reels | ₹2,871 | 46.2% | 2 | 1.91x | ₹1,436 |
| Facebook Feed | ₹1,688 | 27.2% | 1 | 1.87x | ₹1,688 |
| Instagram Feed | ₹1,650 | 26.6% | 2 | 1.96x | ₹825 |
| Segment | Ad spend | Share of spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Prospecting (cold audiences) | ₹5,577 | 89.8% | 4 | 1.90x | ₹1,394 |
| Retargeting (warm audiences) | ₹632 | 10.2% | 1 | 1.98x | ₹632 |
Creatives
Creative mix month 3
New ads per month
| Creative type | Tier | Ad spend | Purchases | ROAS | Cost per purchase |
|---|---|---|---|---|---|
| Catalogue (dynamic product ads) | Moderate | ₹1,210 | 1 | 1.99x | ₹1,210 |
| Video | Moderate | ₹3,444 | 3 | 1.92x | ₹1,148 |
| Static image | Moderate | ₹1,555 | 1 | 1.85x | ₹1,555 |
How we run it
How we run it, why, and how it works
Research & offer Month 1
What we do
We open with set-up work on the smaller jewellery store, since the brand in this scenario named no single problem. We put the website audit, the creative brief and the monthly media schedule in place before spend moves. We split the account into layers: one campaign to test creative, one to scale winners, prospecting that leaves out past buyers, and retargeting for carts.
Why
In this case study, a smaller jewellery brand grows monthly revenue in 3 months, from ₹10,000 to ₹3L (30x). That is faster than nine in ten of our measured accounts grew over the same time, so the case study below is on what that fastest tenth reached and shows where it lands against the number this scenario calls for. No single problem was named; the case study works from the figures instead. Without a brief, each creative and budget decision starts from scratch. Without layers, retargeting quietly eats the prospecting budget.
How it works
The audit, the brief and the media schedule are shared before spend rises. Retargeting sits next to prospecting and never replaces it.
Measurement & reviews Month 1 to 3
What we do
We keep a shared daily sheet with the ad platform's revenue next to real store orders. We agree a written number for every month on the way from ₹10,000 to ₹3L, and start each review with the month-to-date figure against it. We raise budget in a month only while return holds; where it slips too far, we hold it.
Why
No starting return on ad spend was given; the starting return is what measured jewellery stores of that size hold. Platform attribution over-counts, so budget decisions sit on the store-side number. A missed month shows up early instead of at the end of the case study.
How it works
Budget decisions are read off store numbers, not the ad platform alone. Written monthly numbers make each scaling decision explicit. A month whose return slips past that point keeps its budget instead.
Creative testing Month 1
What we do
We test with video, catalogue ads and static image first, rising to about a dozen new ads a month by the final month, with no format far behind the account's return. We show the piece: product-only singles and carousels, swapped the moment they stop converting. The learning month runs at a low daily budget and moves up only when orders come through. We buy creative in batches and give each batch a fixed read window before buying more.
Why
Jewellery buyers decide on the piece, and fatigue sets in fast. Spend in the learning phase pays for information. The read window keeps creative spending tied to evidence.
How it works
Creatives are rotated on conversion, not on a calendar. The low budget stays until orders confirm the buyer. Only ads that convert inside the window keep running. More spend buys more new ads, led by video ahead of catalogue ads.
Scaling Month 2 to 3
What we do
Through Month 2 to Month 3, we push toward ₹3L: the budget rises gently while return holds, and Instagram Reels carries the most spend and Facebook Feed the next. We recover abandoned checkouts with WhatsApp messages as traffic grows. We let return decide budget: more while it holds, less when it slips.
Why
In Month 2 to Month 3 the budget rises gently, while return on spend holds. In two of these months budget goes up only as far as return allows, so revenue grows more slowly than the brand's number needs. Return holds through these months because each budget step stops where return starts to slip. WhatsApp is cheaper than paid retargeting for buyers who already reached checkout.
How it works
WhatsApp recovery runs alongside paid retargeting, not instead of it. Budget follows return month to month instead of a fixed ramp. Most of the final month's spend sits on Instagram Reels, then Facebook Feed. Cold audiences take most of the budget; warm audiences return more per rupee.
Milestones
Milestones by month
- Month 1
First, the set-up: a small daily budget carries the first ads, and store orders are matched to tracking. Store orders and ad-platform revenue are checked side by side. The audit, brief and media schedule are agreed with the brand's team.
- Revenue ₹10,342
- ROAS 1.86x
- Ad spend ₹5,553
- Month 2
The scaling phase opens: each budget move is read against the return it bought. The step is sized by what return can bear: return on spend rises while budget holds.
- Revenue ₹11,380
- ROAS 1.99x
- Ad spend ₹5,721
- Month 3
A new batch goes live after the last one is read. The step is sized by what return can bear: return on spend dips while budget holds. The case study finishes short of ₹3L: budget stops rising where return starts to slip. Each order costs less by the end than it did while learning.
- Revenue ₹11,876
- ROAS 1.91x
- Ad spend ₹6,209
Learnings
Learnings from Jewellery brands we measured
Show the product only (singles and carousels), lead with craft or personalisation, and swap creatives the moment they stop converting.
Product-only creatives and carousels, swapped the moment they stopped converting
Handed over a 13-point site fix list: prepaid offer, testimonials, a three-day return window, an about page, no permanent sale prices
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