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It is 26th of September and the organisation has the goal of achieving 1000 orders before the end of the financial year (next 6 months). Out of the 1000 orders, 250 orders are the target for the month of October because of the festive season for the company's own website.
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250 orders in 30 days with a budget of 20,000
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For 250 orders, we need :
β 500 add to carts
β 9500 visitors
which is =
β 70% Performance
β 30% Instagram Organic
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Criteria | ICP 1 | ICP 2 |
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Age | 25-35 | 27-35 |
Gender | Female | Female |
Place of current residence | Mumbai, Bangalore | Mumbai, Bangalore |
Annual Income | 15 Lakhs + | 15 Lakhs + |
Needs for jewellery | Herself | Gifting |
Avg. order size value the particular reason (with w new brand) | <1500 Rupees | <1000 Rupees |
Most used apps | Instagram, LinkedIn, Youtube | Instagram, Youtube, Linkedin |
touchpoints for buying jewellery for the specific reason | * Friends * Insta Ads * Influencers * Reels/Shorts * | * Popular brands * Physical stores |
Non negotiables | Quality, experience, customer service, pictures of the product in real life scenarios (UGC) | timely delivery, packaging, quality |
Negotiables | Discounts | |
Add ons (that they would appreciate) | Exchange value | Postcards with a personalised message |
Frequency of buying jewellery | 1/month or more | 3-4 times / year |
Market Size | ||
KEY ICP DEFINITION | Women with good disposable income who wouldnβt mind spending upto 1500 rupees on a jewellery piece that they like, when they see it | Women with good disposable income who are looking for a thoughtful jewellery gift for their close friends |
Interests | fitness, pop culture, bollywood, finance, personal growth, sports | |
Values & Preferences | ||
Life Goals | financial, health | financial, health |
Pain points | Expensive or bad quality jewellery, no standout designs | Not being able to decide what to gift and bad packaging with current alternatives, expensive jewellery |
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β Own use
β Gifting
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β | For Own Use | For Gifting |
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Usage Characteristics | Buy when they have money in the account and like a design on ads | Buy when they are looking for a gift for a close friend/family |
Recency of use case | Last month | once in the last quarter |
Natural Frequency | 1/month | 4/year |
Monetary/AOV/Revenue Generated | AOV - 1100 | AOV - 1500 |
Pain Points | Lack of good unique designs | Bad packaging and no personalisation |
Valued Features | Good user experience and after sale service | Personalised notes/postcards, good packaging and exceptional after sale service |
Core Value Proposition | For women aged 25-35 who need good unique designs for themselves, Saveri is a silver jewellery brand that provides them a unique collection of silver jewellery | For women aged 27-35 who want to gift silver jewellery in within the range of 1500, Saveri is a silver jewellery brand that ensures that gifts are sent with a personalised touch and exceptional packaging |
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Performance Marketing -
Goal | 175 orders |
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Impact | 70% |
ICPs | ICP 1 and 2 |
Pitch | Unique collection to satisfy your need for something new, still fitting your comfort zone. Gifts that create value for you because of the personalisation |
OKR alignment | 100% |
Budgets | 1,00,000 |
Creatives | Drive linked attached |
Organic Instagram -
Goal | 75 orders |
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Impact | 30% |
ICPs | ICP 1 and 2 |
Pitch | Unique collection to satisfy your need for something new, still fitting your comfort zone. Gifts that create value for you because of the personalisation |
OKR alignment | 100% |
Budgets | 15,000 |
Creatives | Drive link attached |
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Make a project plan nailing the launch date and work the dates backwards. The table should have name of the milestone, owner, description.
Date | Milestone | Owner | Description |
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1 October | Launch | Performance and Social media teams | Upload the content on social media and start the performance marketing campaign |
3 October | Check-up | Performance and Social media teams | Check for any technical issues in the launch and make corrective decisions. |
10 October | 35% orders | Performance and Social media teams | Check if the GTM has been able to achieve 88 orders. If not, take corrective actions |
20 October | 70% orders | Performance and Social media teams | Check if the GTM has been able to achieve 175 orders. If not, take corrective actions |
31 October | 100% orders | Performance and Social media teams | Check if the GTM has been able to achieve 250 orders. If not, take corrective actions |
We have a lean team and not a very clear functional divide
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We have a lean team so complex communication process is irrelevant
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Speak to 5 users to validate the hypothesis your GTM was built on.
If you assumed, users are more likely to buy when there is bundling, speak to users to understand why they bought/ didnβt buy. Validate all hypothesis
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Collate all data and analyse to validate your hypothesis
If you assumed, a 5% conversion from add to cart to purchase, were you right? is it higher? is it lower? what worked or didnβt work?
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Write a small debrief doc. Share this with the main stakeholders and hold a 15 min debrief with the end stakeholders.
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