The team at Tradesy is committed to one mission – to make great style affordable and accessible to everyone. Tradesy is the leading peer to peer marketplace for women’s fashion, allowing women to list anything in their closets they’re not using and buy new designer looks from other sellers.
Solution
Multi-Channel Approach: To ensure that every user interaction with Tradesy added value and gently pulled the user one step closer to conversion, the MT SEM & Social teams worked together to understand what each customer persona needed at each step of the purchase process. Metric Theory customized ad types, ad creative, promotions, ad frequency, and device strategy for each customer depending on where they’re at in the funnel, which led to much more effective multi-channel customer acquisition.
Feeds & Shopping: Shopping ads are critical to Tradesy’s success, and a sophisticated Shopping strategy starts with the feed. To enable insightful campaign structure, MT optimized Tradesy’s feed to include custom labeling for all designer brands, product categories, and top individual products, in addition to including brand names in all titles and descriptions. That feed structure allowed for a granular campaign structure that enabled smooth, insightful performance-based optimization, while the title and description optimizations ensured that Tradesy’s products always appeared next to the most relevant search volume possible. These strategies resulted in a +35% gain in Shopping purchase volume YoY.
Performance Display: As with many ecommerce brands, Tradesy is always focused on new customer acquisition. In order to fill the advertising funnel with relevant future customers, MT launched full-funnel efforts on Display, Pinterest, YouTube and Instagram. With the Google Display Network reaching 90% of internet users, Display was an integral part of this expansion. To ensure that Tradesy’s ad dollars were only going to the most relevant potential customers possible, Metric Theory implemented a custom Display strategy leveraging topic, affinity, in-market, keyword, and placement targeting, with overlays of gender and income demographics. The results? A +53% lift in new customer acquisition.
Performance Results
19%
increase in new customer ROAS
44%
increase in new customer Average Order Value (AOV)
60%
increase in overall paid search revenue