Raffolux: Leveraging Paid Search & Social to launch a new niche brand in a competitive market
**The Challenge**
As a new brand, Raffolux aimed to increase visibility while pinpointing and connecting with its main target audiences. Additionally, they needed to assess the resilience of their website and generate cost-per-acquisition (CPA) metrics for forthcoming investment rounds and long-term strategies.
**The Solution**
The Market encountered three primary challenges during Raffolux's launch. Firstly, as a new brand, Raffolux lacked a following and brand recognition. Secondly, it was essential to quickly attract a substantial number of subscribers to ensure sustainability. Lastly, demonstrating social proof and authenticity was vital to establish trustworthiness. The Market's strategy consisted of a thorough test and learn process divided into three stages: awareness, consideration, and action. This approach enabled us to address each of these challenges while aligning with the client’s requirements. Additionally, each stage provided valuable insights, such as audience preferences and creative content improvements for the next phase. We utilized Facebook and Instagram to boost awareness on a large scale, employing interest targeting to present specific raffles to relevant audiences. Search strategies helped us capture market share from competitors and facilitated direct ticket sales through branded search results.
**Results**
We achieved a 94% decrease in CPA, securing 459 sign-ups with an overall conversion rate of 8.82%. Our campaign generated approximately 3,796 site clicks and nearly 3 million impressions, reaching 852,000 users. By the campaign's conclusion, we successfully reduced the CPA to under £10, achieving a blended CPA of £32 over the entire three-month period. The website attracted 459 sign-ups, with an 8.82% conversion rate, broken down to 3.88% from Google Ads and 9.88% from Facebook, aided by some conversion rate optimization (CRO) recommendations made during the campaign. The performance metrics were exceptionally strong for a newly launched brand with no prior market presence. We were pleased with the effectiveness of our multi-faceted strategy, which successfully validated audience interest and engagement with the Raffolux concept. The Market devised a clear and organized three-stage approach that effectively connected us to our target audience, leading to an increase in sign-ups and ticket sales. The outcomes we've achieved thus far have been outstanding, reflecting the collaboration in breaking into this market.
— Gerry Lianos, CEO