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JewelleryDuration 3–4 monthsCase study

Jewellery case study: ₹50,000–₹1L to ₹1.1L monthly revenue in 3–4 months

Numbers modelled on 10 Monastic Media ad accounts

Case study

Month by month

Revenue by month
MonthPhaseAd spendRevenueROASPurchasesCost per purchase
Start––₹50,000–₹1L–––
Month 1Learning₹40,336₹77,0751.91x32₹1,260
Month 2Scaling₹47,850₹92,7141.94x37₹1,293
Month 3Scaling₹54,766₹1,02,0931.86x42₹1,304
Month 4Steady₹57,884₹1,09,5121.89x45₹1,286
Total₹2,00,836₹3,81,3941.90x156₹1,287
Ad spend₹2L
Revenue₹3.8L
Blended ROAS1.9x
Orders156
Revenue, month 4₹1.1L
ROAS, month 41.89x
Cost / purchase, month 4₹1,286
Avg order value, month 4₹2,434
Conversion, month 40.85%
Period covered4 months
Milestone₹5L+ a month

Funnel

Funnel, first view to purchase month 4

  1. Impressions3,13,378
  2. Link clicks6,733
    2.15% of impressions
  3. Landing-page views5,273
    78.32% of link clicks1.683% of impressions
  4. Added to cart492
    9.33% of landing-page views0.157% of impressions
  5. Checkout started129
    26.22% of added to cart0.041% of impressions
  6. Purchases45
    34.88% of checkout started0.014% of impressions

0.014% of impressions became purchases

Mix

Where the budget goes month 4

SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram₹43,25974.7%331.89x₹1,311
Facebook₹14,62525.3%121.90x₹1,219
SegmentAd spendShare of spendPurchasesROASCost per purchase
Instagram Reels₹19,26433.3%151.90x₹1,284
Instagram Feed₹15,15126.2%121.95x₹1,263
Facebook Feed₹8,85715.3%71.86x₹1,265
Instagram Stories₹8,84415.3%61.77x₹1,474
Facebook Reels₹5,76810.0%51.97x₹1,154
SegmentAd spendShare of spendPurchasesROASCost per purchase
Prospecting (cold audiences)₹51,09388.3%401.89x₹1,277
Retargeting (warm audiences)₹5,2689.1%41.96x₹1,317
Lookalike audiences₹1,5232.6%11.84x₹1,523

Creatives

Creative mix month 4

New ads per month

Video11 a month
Static image2 a month
Catalogue (dynamic product ads)4 a month
UGC / creator video2 a month
Carousel1 a month
Moderate1.90xblended ROAS 4 creative types₹56,362 spend
Watchlist1.60xblended ROAS 1 creative type₹1,522 spend
Creative typeTierAd spendPurchasesROASCost per purchase
Catalogue (dynamic product ads)Moderate₹11,30191.97x₹1,256
VideoModerate₹31,252241.90x₹1,302
Static imageModerate₹11,46891.83x₹1,274
UGC / creator videoModerate₹2,34121.81x₹1,170
CarouselWatchlist₹1,52211.60x₹1,522

How we run it

How we run it, why, and how it works

  1. Research & offer Month 1

    What we do

    The first problem in this scenario is reaching new buyers, so the opening month on this smaller store goes there. We lead with craft: handcrafted or made-to-order positioning, with personalised pieces up front. We audit the competitors buyers are already comparing, and agree the case study before spending.

    Why

    In this case study, a smaller jewellery brand grows monthly revenue in 3–4 months, from ₹50,000–₹1L to ₹5L+ (6.7x). Our fastest-growing tenth of measured accounts reached that pace in the same time. The main problem in this scenario is reaching new buyers. Jewellery buyers decide on the piece and the story behind it. The audit positions the brand in this scenario against the alternatives buyers are weighing.

    How it works

    Personalised pieces open the prospecting ads. The audit sets the creative and site work for the first weeks.

  2. Measurement & reviews Month 1 to 4

    What we do

    We keep a shared daily sheet with the ad platform's revenue next to real store orders. We write month-by-month revenue numbers with the brand's team that climb from ₹50,000–₹1L to ₹5L+, and open every review with the month-to-date number against them. We raise budget in a month only while return holds; where it slips too far, we hold it.

    Why

    With no return on ad spend reported, the case study begins at the level measured jewellery stores of that size hold. The ad platform's own count runs high, so the store's count is the one that moves budget. A missed month shows up early instead of at the end of the case study.

    How it works

    The sheet is read before each budget change. Written monthly numbers make each scaling decision explicit. A month whose return slips past that point keeps its budget instead.

  3. Creative testing Month 1

    What we do

    We lead the testing layer with video, catalogue ads and static image, building to about two dozen new ads a month by the final month, with carousel watched closely since it returns less than the rest. We make trust the subject of the video: creator reels, customer feedback and founder-led clips. We commission ads in batches, and read each batch for a set window before ordering the next. We show the piece: product-only singles and carousels, swapped the moment they stop converting.

    Why

    Trust-carrying video held return in most measured accounts. The read window keeps creative spending tied to evidence. Jewellery buyers decide on the piece, and fatigue sets in fast.

    How it works

    Weak UGC is swapped for founder-led video rather than scaled. Losing batches stop; winning ads take their budget. Creatives are rotated on conversion, not on a calendar. The number of new ads grows with spend; video makes up the largest part and catalogue ads the next.

  4. Scaling Month 2 to 3

    What we do

    We scale through Month 2 to Month 3 toward ₹5L+ as the budget rises gently while return holds, with Instagram Reels taking the largest share of spend and Instagram Feed the next. We build lookalikes from past buyers once purchases are steady, beside broad prospecting. We put seasonal collection campaigns in front of each festive and wedding peak.

    Why

    Across Month 2 to Month 3, the budget rises gently, while return on spend holds. In two of these months the step is trimmed to the size return can hold. Each budget step here is sized so that return stays close to where it was. Past buyers are the clearest signal of who buys next.

    How it works

    Lookalike and broad audiences run the same ads, so they can be compared. Spend shifts into each season and between regions with the calendar. Instagram Reels carries the largest share of spend in the final month, with Instagram Feed next. Most spend reaches people who have not bought yet; past visitors return more per rupee.

  5. Steady state Month 4

    What we do

    From Month 4, we protect the revenue already built and move toward ₹5L+ where return permits. We build lookalikes from repeat buyers and retarget past buyers with new arrivals. We refresh tired ads by mixing old and new creatives, and keep a creative bank.

    Why

    Growth slows from Month 4, still short of ₹5L+. Spend still grows, at a slower pace than during scaling. Repeat buyers are the cheapest orders an account gets. Falling click-through preceded a revenue drop in a measured account, so creative refresh is not optional.

    How it works

    Past buyers see new arrivals before anyone else. The bank means a tired ad is replaced the week it tires.

Milestones

Milestones by month

  1. Month 1

    Learning month: the first ads run on a small daily budget while tracking is checked against store orders. The daily sheet now matches platform revenue to store orders. The competitor audit is shared and the creative brief agreed.

    • Revenue ₹77,075
    • ROAS 1.91x
    • Ad spend ₹40,336
  2. Month 2

    Scaling starts: product-only creatives that stop converting are swapped. The budget step stops where return starts to slip: return on spend holds while budget steps up.

    • Revenue ₹92,714
    • ROAS 1.94x
    • Ad spend ₹47,850
  3. Month 3

    A seasonal collection campaign takes a larger share of budget.

    • Revenue ₹1L
    • ROAS 1.86x
    • Ad spend ₹54,766
  4. Month 4

    From here the work shifts to keeping ads fresh and bringing buyers back. The budget step stops where return starts to slip: return on spend holds while budget holds. Revenue ends below ₹5L+, the number this scenario calls for, because budget stops rising where return starts to slip. Cost per purchase ends close to the learning phase.

    • Revenue ₹1.1L
    • ROAS 1.89x
    • Ad spend ₹57,884

Learnings

Learnings from Jewellery brands we measured

  1. Video carries most creative spend in this industry's measured accounts.

  2. Run creator, customer-feedback and founder-led video; replace low-quality UGC with founder-led video when sales soften.

  3. Show the product only (singles and carousels), lead with craft or personalisation, and swap creatives the moment they stop converting.

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