How McGee & Co. Achieved 9X ROAS After Deploying a Full-Funnel Approach for the First Time
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9X
Avg ROAS (2023)
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2.18%
Avg budget as % of revenue (2023)
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$23 million
Gross sales in Q1 2023
The challenge
When home decor and furniture retailer McGee & Co. came to Max Connect Digital (MCD) in February 2023, they expressed dissatisfaction with their previous attempts to reach the right audiences within their advertising.
The approach
MCD leveraged first- and third-party data to unravel how, when, and where the target audience consumed the internet, supercharging McGee & Co.'s ads with hyper-targeted placements on channels greenlit by the consumer data. By shifting 18% of the budget to top-funnel media such as CTV, Pre-Roll, and Display Ads, MCD implemented a full-funnel approach that achieved more traction with similar budgets month-over-month. MCD also created an "Impact Calculator" spreadsheet that estimates the budget and channel mix required to hit a specific sales goal in any month of 2024.
The results
During Q1 2023, McGee & Co. reached $23 million in gross sales while engaging more customers with the same amount of budget period-over-period, a trend that continued in following quarters. One spring sale campaign achieved nearly 10% more revenue than the goal, prompting McGee & Co. to extend the sale. 2023 results: 9X average ROAS and 2.18% average budget as % of revenue.
Every result, by the numbers
- 9XAvg ROAS (2023)
- 2.18%Avg budget as % of revenue (2023)
- $23 millionGross sales in Q1 2023
- nearly 10%More revenue than goal (spring sale campaign)
- 18%Budget shifted to top-funnel media
- $4.6 millionImpact Calculator projected net sales revenue for January 2024 on a $90K budget across 9 channels (projection, not a result)
What we used
- First- and third-party data targeting
- CTV
- Pre-Roll
- Display Ads
- Full-funnel media plan
- "Impact Calculator" budget forecasting tool
- "Bestsellers" social ad campaign
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