Shoemonkies' 360-Degree Approach: Identity, Pricing, and Digital Growth
Highlight
Shoemonkies is an Indian D2C brand that sells premium quality leather footwear at affordable prices. Despite generating ₹82 Lakh annually on Amazon, there was a big problem – they weren't making any profit. In fact, they were incurring losses of about 5-10% annually.
Shoemonkies: Amazon store
Challenge
The highly competitive and saturated market, coupled with Amazon's commission structure made it difficult to make any profit. The brand also struggled to convey its value proposition, that is, offering stylish, premium quality leather shoes at affordable prices.
Solution
0 to 1 Building
Giving the brand an identity
To overcome these challenges, our first course of action was to establish ShoeMonkies’ identity as a brand. Our target audience comprised young professionals seeking quality leather shoes at reasonable prices. Our aim was to give ShoeMonkies an identity that truly resonated with this demographic – one that embodies youthfulness and a sense of adventure.
Shoemonkies Brand guideline
Pricing it right
Additionally, pricing strategies were devised to ensure profitability without deterring first-time customers.
Building a website that converts
To overcome these challenges, our first course of action was to establish Shoemonkies’ identity as a brand. Our target audience comprised young professionals seeking quality leather shoes at reasonable prices. Our aim was to give Shoemonkies an identity that truly resonated with this demographic – one that embodies youthfulness and a sense of adventure.
Growth Marketing
We started running ads on Facebook and Instagram, conducting experiments along the way. Through these ads we were able to identify 3 winning products. We shifted our advertising efforts exclusively on these acquisition/winning products, and the results? Shoemonkies sold 1600 shoes through their newly launched website in 3 months. This achievement stands in stark contrast to the previous year when it took them 7 months to reach the same sales volume.
Outcome
Shoemonkies successfully transitioned from a loss making, Amazon-centric model to a thriving D2C brand. By establishing a unique identity, implementing strategic pricing, and leveraging targeted digital advertising, the brand not only increased sales but also achieved profitability.
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Shoemonkies' 360-Degree Approach: Identity, Pricing, and Digital Growth
Highlight
Shoemonkies is an Indian D2C brand that sells premium quality leather footwear at affordable prices. Despite generating ₹82 Lakh annually on Amazon, there was a big problem – they weren't making any profit. In fact, they were incurring losses of about 5-10% annually.
Shoemonkies: Amazon store
Challenge
The highly competitive and saturated market, coupled with Amazon's commission structure made it difficult to make any profit. The brand also struggled to convey its value proposition, that is, offering stylish, premium quality leather shoes at affordable prices.
Solution
0 to 1 Building
Giving the brand an identity
To overcome these challenges, our first course of action was to establish Shoemonkies’ identity as a brand. Our target audience comprised young professionals seeking quality leather shoes at reasonable prices. Our aim was to give Shoemonkies an identity that truly resonated with this demographic – one that embodies youthfulness and a sense of adventure.
Shoemonkies Brand guideline
Pricing it right
Additionally, pricing strategies were devised to ensure profitability without deterring first-time customers.
Building a website that converts
To overcome these challenges, our first course of action was to establish Shoemonkies’ identity as a brand. Our target audience comprised young professionals seeking quality leather shoes at reasonable prices. Our aim was to give Shoemonkies an identity that truly resonated with this demographic – one that embodies youthfulness and a sense of adventure.
Growth Marketing
We started running ads on Facebook and Instagram, conducting experiments along the way. Through these ads we were able to identify 3 winning products. We shifted our advertising efforts exclusively on these acquisition/winning products, and the results? Shoemonkies sold 1600 shoes through their newly launched website in 3 months. This achievement stands in stark contrast to the previous year when it took them 7 months to reach the same sales volume.
Outcome
Shoemonkies successfully transitioned from a loss making, Amazon-centric model to a thriving D2C brand. By establishing a unique identity, implementing strategic pricing, and leveraging targeted digital advertising, the brand not only increased sales but also achieved profitability.
Legal
Terms & Conditions
Privacy Policy
MagicMond Global
Your Growth Partner
Legal
Terms & Conditions
Privacy Policy
MagicMond Global
Your Growth Partner