Problem Overview
Client Background
- Type of Business: Direct-to-Consumer (D2C) transactional business.
- Business Model: Mix of single transactions ($20-$30) and monthly subscriptions ($10-$50).
- Acquisition Channels: Paid digital (7+ channels), TV, email, and SMS.
- Geographic Focus: United Kingdom (UK).
Business Challenge
Goal: Increase customer lifetime value (LTV) and engagement while maintaining acquisition volumes.
Problem:
- Introducing subscriptions increased CAC and lowered conversion rates, impacting acquisition growth.
- Unclear strategy for transitioning transactional customers into subscribers.
- Limited insights into the impact of different acquisition channels on LTV.
Key Pain Points
- Needed a balance between transactional revenue and subscription growth.
- Uncertainty in how to optimize for LTV without hurting acquisition efficiency.
- Limited CRM strategies to upsell customers from single to multiple transactions.
Deployed Solutions
Violet Growth + Exactius Growth:
- Machine Learning for LTV Calculations: Built an LTV prediction model to guide acquisition strategies.
- CRM & Upsell Strategies:
- Transitioned customers from single transactions to multiple purchases.
- Developed new creatives to test subscription vs. transactional models.
- Created targeted acquisition funnels by channel.
- Implemented upsell mechanisms between transactions and subscriptions.
- Performance Optimization:
- Shifted performance tracking from CPA to LTV-driven acquisition goals.
- Built real-time server-to-server LTV events to provide accurate feedback to marketing channels.
- Designed landing pages optimized for different goals (transaction-only vs. transaction & subscription).
Key Results & Outcomes
Insights & Actions:
- CRM channels were highly effective in upselling first-time transaction customers into subscriptions.
- Adjusted acquisition strategy to optimize for First-Time Subscriber % and LTV instead of CPA alone.
- Enhanced machine learning model to better predict high-LTV customers.
Impact:
- Subscription revenue grew from 0% to almost 50% of total revenue without negatively impacting new customer acquisition volumes.
