The Challenge
UK's leading eyewear brand was facing:
- Adapting Marketing Strategy for new digital subscription service.
- The company had just launched a new subscription service and needed to optimize its marketing budget to attract new customers.
- They also aimed to leverage seasonality and coupling effects for better marketing efficiency.
The Seeda Solution
They adopted Seeda's powerful Marketing Mix Modeling (MMM) solution.
This partnership allowed them to:
- Redistribute Budget and Optimize Channels
- Using MMM, we precisely identified the most effective channels and seasonal peaks.
- We reallocated the budget to these areas, optimizing investments for new customer acquisition and maximizing marketing effectiveness.
The Knockout Results
After implementing Seeda's data-driven strategies:
- 1.3X Increase in marketing efficiency
- +2.5M New Customers (+5.6%) via subscription service
- Increased Cross-Selling across products
- +6% Gross Profit (+$210M): Boosted gross profit significantly