This Case Study is a part of few case studies showcasing the best ways to leverage Facebook from business perspective.
Brand Name:
Myntra.com
Objectives:
Myntra uses Facebook as a marketing channel to:
- Acquire new customers
- Increase engagement with existing customers
- Create strong brand credibility among target customers
Execution:
The company’s strategy for its Facebook Page includes four parts:
- Increase awareness of new products to drive sales on website
- Build brand loyalty through response to customer service inquiries
- Launch exclusive promotions and contests to fans
- Install social plug-ins on website to increase traffic to Facebook Page
The company uses Facebook Ads to achieve several objectives:
- Target the exact demographic of potential active buyers on Myntra
- Increase the number of fans on its Facebook Page
- Reach friends of fans (using sponsored stories) to become fans of its Facebook Page
Results:
- 25% of revenue is directly attributable to Facebook
- 120% increase in transactions originating from Facebook in last 6 months
- 75% increase in total website traffic from Facebook in last 6 months
- 300% increase in reach among Facebook fans in last 3 months