Case Study — Full-Funnel Paid Acquisition · September Consulting
Home / Case Studies / High-Ticket eCommerce · Paid Acquisition
Paid Acquisition · Meta Ads · Full Funnel

$114,942 in revenue
from $11,733 in ad spend.

Fine Jewelry Brand
Meta Ads (Facebook / Instagram)
Feb–Mar 2026 · 2 Months
Full-Funnel Build & Management
Blended ROAS
9.79x
2 months · Feb–Mar 2026
Total Revenue Generated
$114K+
Purchase conversion value
Total Ad Spend
$11.7K
Across TOF, BOF, and remarketing
Best Single Campaign
98x
Remarketing · $95 spend · $9,398 return
The Situation

Profitable. But impossible to scale.

Profitability and scalability are two completely different things. This brand was profitable with their previous setup — but they couldn't scale their campaigns. That's the exact gap we were brought in to close.

Products ranging from $600 to $5,000. High-ticket eCommerce. Which means you get fewer purchases, higher volatility, and lower signal density. Meta and Google optimize best when purchase volume is high — the platform matches buyers in your audience to find more people like them. With fewer conversions, that feedback loop slows. You have less signal to work with. That makes it even more critical that the campaign structure is right from day one.

The good news: higher margin per conversion means this is a capital efficiency game, not a volume game. When the structure is right, the returns compound fast.

What We Inherited

Over-segmented. Budget spread too thin to optimize.

When we took over this account, every product category was split across multiple campaigns. On the surface that doesn't sound bad. But the execution was broken in three ways.

Problem 1 — Signal Dilution
Multiple campaigns targeting similar audiences with no differentiation in strategy. When you split products into separate campaigns without a clear intent segment, you dilute signal. Meta needs to consolidate learning first. If it can't, you're not running at maximum efficiency — the data is too scattered across too many structures to optimize.
Problem 2 — Fragmented Budget
Instead of building profitability density in one place, budget was spread thin across five. No single campaign had enough spend to learn properly, so none of them scaled. Self-fragmented accounts can't be optimized — they just burn money at a lower temperature.
Problem 3 — No Targeting Differentiation
Every product was targeting the same audiences with no differentiation in strategy. Different product categories at different price points require different intent signals. Treating a $600 product the same as a $5,000 product in the same campaign structure is a fundamental structural error.
What We Built

Consolidate. Let winners dominate. Then compound.

The fix started with consolidation. Once we consolidated the structure, something interesting happened — one to two product categories started absorbing most of the budget. That's not a bad thing. That's Meta doing exactly what it's supposed to do.

Meta's algorithm is not emotional. It allocates budget based on statistical confidence. When a product category outperforms, exposure increases because the expected value per impression becomes higher. The mistake most brands make is forcing balance. Meta is not a place to force balance — it's a place to let winners dominate and extract the profit from that dominance.

Layer 1 — Top of Funnel (TOF)
New image testing campaigns and new launch campaigns reaching cold audiences at scale. Over 500,000 impressions across both periods. Objective was awareness and first-touch engagement. We tested multiple creative angles, image styles, and copy hooks to identify what moved people from scroll to click — feeding qualified signal into the funnel.
Layer 2 — Bottom of Funnel (BOF)
Catalog-based campaigns targeting people who had already visited the site or engaged with the brand. These ran at 7.70x–11.70x ROAS across both periods. The TOF was driving quality traffic. The BOF's job was to convert it at the right moment with the right offer.
Layer 3 — Remarketing
The highest-performing layer. Period 1 remarketing hit 98.83x ROAS — $95 in spend, $9,398 in return. This is what a healthy full-funnel system produces. The TOF fills the top. The BOF and remarketing extract the value from every awareness dollar. That's the compounding effect — and it only works when the structure underneath it is clean.
The Inventory Play

Dead inventory isn't a product problem. It's a distribution problem.

Scaling winners handles the revenue side. But what about products that aren't moving? We built a parallel system to address that without cannibalizing the main campaigns.

The approach: identify products with 60+ days of stagnation, no paid allocation, no organic exposure — but viable margins. Then build custom collections specifically for those SKUs and run them to the hot customer list only. Hot customers are defined as buyers who purchased faster than the average return frequency — meaning they have a statistically higher likelihood of purchasing again, including on products they haven't bought before.

The execution: specialized ads with promo codes to that hot list, paired with email campaigns using the same codes. Limited time bundles, free gift mechanics, seasonal positioning — offers that make loyal customers feel like insiders, not targets. The result: slow-moving inventory sold at a profitable margin to an audience that was already primed to buy.

For high-LTV brands, it's not just about ROAS. It's about structure, profitability, and capital deployment working together. When all three are aligned, scaling becomes a function of confidence — not guesswork.

Results by Period

2 months. $114K revenue. 9.79x ROAS.

The previous agency had the account for 4 months and couldn't scale it. We took over in February, rebuilt the entire structure, and in 2 months produced $114,942 in revenue at a 9.79x blended ROAS — including a single remarketing campaign that returned 98.83x. Same account. Different system. The numbers show exactly what a clean full-funnel structure does when it's built correctly from day one.

September Consulting — Feb to Mar 2026
Total spend$11,733
Total revenue$114,942
Blended ROAS9.79x
Best campaign ROAS98.83x
Total reach163,826
Total impressions538,180
Time to results2 months
Previous Agency — Oct 2025 to Jan 2026
Total spend$8,751
Total revenue$46,948
Blended ROAS5.36x
Best campaign ROAS7.70x
Total reach106,605
Total impressions470,958
Time to results4 months
The Bigger Picture

What this means for your business.

This case study is from a high-ticket eCommerce brand. If you are a SaaS company or info product creator the vertical is different — but the system is identical. The mechanics that drove these results are the same regardless of what you're selling. Signal dilution kills campaigns in every category. Budget fragmentation prevents scaling in every industry. Only the conversion event changes.

For SaaS: Instead of purchases, the conversion event is a demo booking or trial signup. Over-segmented campaigns targeting the same audience with different ad sets dilutes signal just as badly. Consolidate structure, let winners dominate, and let Meta route budget where the expected value per impression is highest.
For info products: Instead of product purchases, the conversion event is a webinar registration, course enrollment, or application. The same three-layer funnel — TOF awareness, BOF retargeting, remarketing close — extracts compounding value from every awareness dollar. The 98x remarketing result is not a fluke. It's what happens when TOF is filling the funnel with qualified traffic and remarketing is positioned to capture the intent that's already there.
The principle: For high-LTV businesses it's not just about ROAS. It's about structure, profitability, and capital deployment working together. If your ads look profitable but won't scale, or campaigns are running but not efficient, the issue is almost always structural — not creative, not audience, not budget.

Ready to build your growth engine?

These results came from a system built in weeks, not months. If you are a funded SaaS company or info product creator we can build the same infrastructure for your business.

Apply for a Growth Audit

60-minute call. No commitment. You leave with a growth plan.

© 2025 September Consulting. All rights reserved.