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JewelleryDuration 2 monthsCase study

Jewellery case study: ₹50,000 to ₹52,191 monthly revenue in 2 months

Numbers modelled on 10 Monastic Media ad accounts

Case study

Week by week

Revenue by week
WeekPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹50,000–––
Week 1Learning₹6,308₹12,1731.93x5₹1,262
Week 2Learning₹6,036₹11,4911.90x5₹1,207
Week 3Learning₹6,282₹11,9251.90x5₹1,256
Week 4Learning₹5,991₹11,8151.97x5₹1,198
Week 5Scaling₹6,567₹12,6591.93x5₹1,313
Week 6Scaling₹6,630₹12,6951.91x5₹1,326
Week 7Scaling₹6,724₹13,0501.94x6₹1,121
Week 8Scaling₹6,899₹13,2321.92x6₹1,150
Week 9Scaling₹7,039₹13,2141.88x6₹1,173
Total₹58,476₹1,12,2541.92x48₹1,218
Ad spend₹58,476
Revenue₹1.1L
Blended ROAS1.92x
Orders48
Revenue, the last 4 weeks₹52,191
ROAS, the last 4 weeks1.91x
Cost / purchase, the last 4 weeks₹1,187
Avg order value, the last 4 weeks₹2,269
Conversion, the last 4 weeks0.75%
Period covered9 weeks
Milestone₹30L a month

Funnel

Funnel, first view to purchase the last 4 weeks

  1. Impressions1,71,050
  2. Link clicks4,120
    2.41% of impressions
  3. Landing-page views3,083
    74.83% of link clicks1.802% of impressions
  4. Added to cart206
    6.68% of landing-page views0.12% of impressions
  5. Checkout started66
    32.04% of added to cart0.039% of impressions
  6. Purchases23
    34.85% of checkout started0.013% of impressions

0.013% of impressions became purchases

Mix

Where the budget goes the last 4 weeks

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹19,86772.8%171.91x₹1,169
Facebook₹7,42527.2%61.92x₹1,238
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹8,23330.2%71.92x₹1,176
Instagram Feed₹7,82528.7%71.96x₹1,118
Facebook Feed₹4,52316.6%41.88x₹1,131
Instagram Stories₹3,80914.0%31.78x₹1,270
Facebook Reels₹2,90210.6%21.99x₹1,451
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹24,96591.5%211.91x₹1,189
Retargeting (warm audiences)₹2,3278.5%21.98x₹1,164

Creatives

Creative mix the last 4 weeks

New ads per month

Video5 a month
Static image1 a month
Catalogue (dynamic product ads)2 a month
Moderate1.91xblended ROAS 3 creative types₹27,292 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹5,52651.98x₹1,105
VideoModerate₹15,882131.91x₹1,222
Static imageModerate₹5,88451.84x₹1,177

How we run it

How we run it, why, and how it works

  1. Research & offer Week 1 to 2

    What we do

    The first problem in this scenario is return on ad spend, so the opening week on this smaller store goes there. We get the store ready for paid traffic first: reviews and trust pointers on product pages, a visible return window, an about page and a reason to pay upfront. We lead with craft: handcrafted or made-to-order positioning, with personalised pieces up front.

    Why

    In this case study, a smaller jewellery brand grows monthly revenue in 2 months, from ₹50,000 to ₹30L (60x). Nine in ten of the accounts we measured grew more slowly than that in the same time; the case study is built on what the fastest tenth reached, and shows the gap to the agreed number honestly. The main problem in this scenario is return on ad spend. Every rupee of ads is capped by how well the store turns visits into orders. Jewellery buyers decide on the piece and the story behind it.

    How it works

    Fixes are listed and handed over early, so later budget lands on a store that converts. Personalised pieces open the prospecting ads.

  2. Measurement & reviews Week 1 to 9

    What we do

    We keep a shared daily sheet with the ad platform's revenue next to real store orders. We set the path from ₹50,000 to ₹30L as written weekly numbers, and read every review against the week so far. We raise budget in a week only while return holds; where it starts to slip 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 week shows up early instead of at the end of the case study.

    How it works

    Every budget call starts from the store's orders. The week's number is on the page at every review. A week whose return starts to slip past that point keeps its budget instead.

  3. Creative testing Week 1 to 4

    What we do

    We test with video, catalogue ads and static image first, rising to about a dozen new ads a month by the last four weeks, 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 four learning weeks run on a small daily budget, stepping up only once orders confirm. We work in creative batches with a fixed read window each.

    Why

    Jewellery buyers decide on the piece, and fatigue sets in fast. Early spend buys learning, not scale. Buying more before a batch is read means paying for guesses.

    How it works

    Creatives are rotated on conversion, not on a calendar. The low budget stays until orders confirm the buyer. Losing batches stop; winning ads take their budget. The number of new ads grows with spend; video makes up the largest part and catalogue ads the next.

  4. Scaling Week 5 to 9

    What we do

    We scale through Week 5 to Week 9 toward ₹30L as the budget rises gently and return dips, with Instagram Reels taking the largest share of spend and Instagram Feed the next. We let return decide budget: more while it holds, less when it slips. We put seasonal collection campaigns in front of each festive and wedding peak.

    Why

    Across Week 5 to Week 9, the budget rises gently, and return on spend dips. In several of these weeks budget goes up only as far as return allows, so revenue grows more slowly than the final number needs. Our measured accounts saw cost per order rise and return fall as spend scaled; that is why each step here waits on return. Seasonal demand moves by region, so the spend does too.

    How it works

    Budget follows return week to week instead of a fixed ramp. Spend shifts into each season and between regions with the calendar. In the last four weeks, Instagram Reels takes the most spend and Instagram Feed the next most. Most spend reaches people who have not bought yet; past visitors return more per rupee.

Milestones

Milestones by week

  1. Week 1

    The learning phase opens: tracking is checked against store orders and the first ads go live on a small daily budget. Store orders and platform revenue are reconciled in the shared sheet. Reviews, trust pointers and the prepaid incentive are now on the store.

    • Revenue ₹12,173
    • ROAS 1.93x
    • Ad spend ₹6,308
  2. Week 2

    First creative read: ads that do not convert are cut. Spend holds, and return holds.

    • Revenue ₹11,491
    • ROAS 1.90x
    • Ad spend ₹6,036
  3. Week 3

    Store fixes and offers go live while orders confirm.

    • Revenue ₹11,925
    • ROAS 1.90x
    • Ad spend ₹6,282
  4. Week 4

    The learning phase ends with a buyer identified and a winning ad chosen.

    • Revenue ₹11,815
    • ROAS 1.97x
    • Ad spend ₹5,991
  5. Week 5

    Scaling begins: product-only creatives that stop converting are swapped. Budget rises to the point where return starts to give way: spend holds, and return holds.

    • Revenue ₹12,659
    • ROAS 1.93x
    • Ad spend ₹6,567
  6. Week 6

    The creative batch is read and the winners keep the budget.

    • Revenue ₹12,695
    • ROAS 1.91x
    • Ad spend ₹6,630
  7. Week 7

    The seasonal collection campaign leads this period's spend mix.

    • Revenue ₹13,050
    • ROAS 1.94x
    • Ad spend ₹6,724
  8. Week 8

    Budget is reviewed against return before the next step.

    • Revenue ₹13,232
    • ROAS 1.92x
    • Ad spend ₹6,899
  9. Week 9

    Product-only creatives that stop converting are swapped. Budget rises to the point where return starts to give way: spend holds, and return holds. ₹30L is not reached in the time, because budget stops rising where return starts to slip. Cost per purchase ends close to the learning phase.

    • Revenue ₹13,214
    • ROAS 1.88x
    • Ad spend ₹7,039

Learnings

Learnings from Jewellery brands we measured

  1. Handed over a 13-point site fix list: prepaid offer, testimonials, a three-day return window, an about page, no permanent sale prices

  2. New product pieces and post-Diwali product tests from fresh creative

  3. Audited eight competitors and agreed a three-month case study

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