The Situation
Onelife is the flagship brand of Onelife Nutriscience Pvt Ltd, supported by Wipro Consumer Care Ventures, a leading venture capital fund dedicated to nutrition and wellness products. With management oversight from Lasons, Onelife has gained valuable opportunities to collaborate with health experts and industry leaders, equipping them with deep insights into innovation and technological advancements in the health and nutraceutical sectors.
Despite these advantages, Onelife faced significant challenges with their previous performance marketing efforts. Their campaigns lacked the precision and effectiveness needed to resonate with their target audience, leading to suboptimal engagement and conversion rates. Recognizing the need for a strategic overhaul, Onelife decided to partner with Hovers to leverage advanced marketing strategies and optimize their performance. This collaboration aims to enhance their brand visibility, improve customer acquisition, and ultimately drive sustainable growth in the competitive health and wellness market.
The Brief
To Increase the sales channels beyond traditional ecommerce activities, exploring the avenues on various social platforms to showcase the products. To show a significant growth in revenue while keeping overall return over ad spends higher. To achieve growth in sales for products not performing well on other ecommerce platforms.
Objectives for Expanding Sales Channels
To enhance sales channels beyond traditional e-commerce activities, Onelife aims to explore various social media platforms to effectively showcase their products. The key objectives include:
Diversification of Sales Channels:
Identify and leverage emerging social platforms to reach new audiences.
Utilize innovative formats such as live shopping and shoppable posts to engage users directly.
Significant Revenue Growth:
Implement targeted marketing campaigns on social media to drive traffic and sales.
Monitor and analyze performance metrics to ensure a consistent increase in revenue.
Optimized Return on Ad Spend (ROAS):
Focus on high-performing ads and refine strategies to maintain a strong ROAS across all platforms.
Test and optimize creative assets to maximize engagement and conversion rates.
Boosting Underperforming Products:
Identify products that are struggling on traditional e-commerce platforms and develop tailored marketing strategies to promote them.
Use social media campaigns to create buzz and generate interest in these products through engaging content and influencer partnerships.
Enhanced Brand Awareness:
Increase brand visibility by consistently showcasing products across multiple social channels.
Collaborate with influencers and creators to amplify reach and establish credibility in the wellness space.
Community Engagement:
Foster a sense of community by encouraging customer interaction and feedback on social platforms.
Utilize user-generated content to build trust and authenticity around the brand.
Data-Driven Decision Making:
Continuously analyze performance data from social media campaigns to inform strategy adjustments.
Leverage insights to refine targeting, messaging, and creative approaches for maximum impact.
The Approach
Through a comprehensive performance marketing strategy, we effectively tested over 100 audience segments on Facebook, meticulously identifying the most effective targeting personas to maximize engagement and conversions. By employing advanced manual bidding strategies, we were able to scale advertising efforts while managing higher spend levels, ensuring optimal cost efficiency and return on investment. Our meticulously designed content plan was crafted to resonate deeply with the identified target audiences, incorporating A/B testing to refine messaging and creative elements continuously.
Utilizing a full-funnel approach, we optimized ad spend by strategically balancing brand awareness initiatives with direct performance campaigns, developing a product-wise sales plan that aligns with consumer behavior at every stage of the purchasing journey. Additionally, we adopted a multi-channel strategy that not only enhanced retargeting efforts but also solidified customer retention, leveraging platforms such as Instagram and YouTube alongside Facebook to maintain consistent brand visibility. Our creative strategy focused on building overall brand trust, employing authentic storytelling and user-generated content to foster a genuine connection with consumers.
To further enhance conversion rates, we meticulously optimized the checkout flow, specifically targeting cash-on-delivery (COD) options to increase order volume and positively impact overall revenue. This holistic approach has enabled us to effectively drive sales while nurturing brand loyalty in a highly competitive landscape.
The Result
As a direct outcome of our comprehensive marketing strategy, we successfully launched over 300 campaigns across various channels, demonstrating our commitment to continuous engagement and brand visibility. These campaigns were meticulously crafted to resonate with our target audiences, resulting in impressive sales performance and brand growth. In total, we sold more than 7,000 units, reflecting the strong market demand generated by our targeted advertising efforts and optimized product positioning.
This relentless focus on performance led to a remarkable 4.5x quarter-on-quarter revenue growth, showcasing our ability to scale effectively while maintaining a robust return on investment. This exponential growth trajectory not only underscores the effectiveness of our strategies but also highlights the brand's increasing penetration in the competitive health and wellness market.
On average, our monthly revenue soared to ₹90 lakhs, demonstrating sustained financial health and operational efficiency. This consistent revenue stream allowed for reinvestment into further marketing initiatives, product development, and customer engagement strategies. The combination of extensive campaign launches, high unit sales, and significant revenue growth has positioned Onelife as a formidable player in the nutraceutical space, paving the way for future opportunities and sustained market expansion. Through rigorous analysis and continuous optimization, we have set a solid foundation for ongoing success, ensuring that Onelife remains at the forefront of the nutrition and wellness industry.