How Wakefit.co clocked 4x return on ad spend with Verizon Media & reached new customers
The sleep and home solutions brand leveraged Verizon's ‘AdLearn’ and ‘Predictive Audiences’ offerings, which channelized artificial intelligence and machine learning
Wakefit.co is a research and innovation-driven sleep and home solutions company with a portfolio that spans over mattresses, pillows, beds, sofas, work desks and more. Wakefit.co manufactures its products in-house and caters to consumers across the country. Founded in 2016, the start-up established itself early as an industry disruptor, selling a touch-and-feel product like mattresses online. Wakefit.co has since been a trend-setter for its customer-centric practices and creative marketing strategies, earning recognition for campaigns like the viral Sleep Internship Program. It has catered to over 6 Lakh customers across India and has received over 1 Lakh positive reviews online.
The start of a rewarding partnership
Wakefit.co leveraged Verizon Media’s Native and DSP solutions, in conjunction with its unique first-party data, to successfully reach potential customers most likely to convert. Wakefit.co was aiming to maximize Return on Advertising Spends, (ROAS) and through a high-performing month-long campaign, clocked a 4X return on ROAS. Therefore exceeding goals on incremental revenue growth.
Setting sights high
Wakefit.co was looking to target relevant audience segments and drive quality traffic to the brand’s sleep and home solutions offerings, thereby improving product sales.
A plan comes together
Wakefit.co identified its target group on demographics - male and female customers over 25 years. Consumers with affinity, identifying habits and interests including ‘Buying a House,’ ‘Parents’ and ‘New and Upcoming Movers’, ‘Home Improvement Products’, ‘Furniture & Accessories’.
The challenge was successfully discovering and reaching these potential customers online and identifying those most likely to convert.
The campaign leveraged Verizon Media’s Native and DSP solutions, in conjunction with diverse first-party data signals, garnered from search, mail, commerce, content, and more. Wakefit.co was particularly interested in unlocking advantages from Verizon Media’s industry-leading targeting capabilities, stemming from robust ‘deterministic signals’ like search query signals, content consumed and commerce data of consumers across the network.
The campaign pivoted on proprietary ad technologies from Verizon Media namely ‘AdLearn’ and ‘Predictive Audiences,’ which channelized artificial intelligence and machine learning to drive advanced targeting and results. Predictive segmentation uses machine learning and probabilistic equations to build a quantitative model that leverages one million diﬀerent attributes to predict the purchase probability for each user and target users most likely to convert. Additionally, Verizon Media’s flexible audience targeting features made it possible to adjust the campaign for greater impact. Wakefit.co began the campaign with Verizon Media Interest Categories and curated 3rd Party custom segments. Thereafter, as the campaign progressed, it doubled down on Predictive Audiences to improve ROAS.
Wakefit.co further engaged consumers with a portfolio of native experiences which drove better campaign performance and increased ROAS.
Bringing in the big score!
One of the key goals of the campaign was to increase ROAS, which the campaign delivered on with a strong 4X return on ROAS.
By effectively tapping into the power of Verizon Media’s Predictive Audiences and retargeting strategies, Wakefit.co was able to reach users more likely to convert. This enabled Wakefit.co to get additional conversions which helped drive more sales.
The campaign drove 61% conversions on Native ads, driven by Predictive Segment and Lookalike audiences - reaching new prospects that looked a lot like Wakefit.co’s customers. By leveraging data points from sources such as Yahoo Mail and Search, lookalike modelling was able to help build a larger, scalable audience that reflected the characteristics of Wakefit.co’s seed audience.
The campaign delivered exceptional performance, with 53% conversions on DSP, driven by Verizon Media Interest Categories’ audiences. In addition, it delivered lower costs, with a 20% decrease in CPC (Cost Per Click) and 37% Decrease in CPA (Cost Per Acquisition).
This is a partner content article in association with exchange4media.
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