Amazon is one of ValuMed's key sales channels and their Co-Founder and CEO Achal Patel was looking at ways to further grow the brand using Nozzle.
The Challenge
ValuMeds sought a deeper understanding of its customer lifetime value (LTV). This key metric answers the fundamental question: “How much can I spend on ads to acquire new-to-brand audiences on Amazon?” Given the high propensity of customers to purchase multiple times from ValuMeds, this metric was of strategic importance as it is directly tied to advertising spend optimization and therefore achieving growth targets.
Our Strategy
Nozzle used their Amazon analytics tool to help ValuMeds build a strategy for pay-per-click and search engine optimization (SEO), specifically helping to understand where to spend time and money on an individual product level based on the Customer Lifetime Value metric.
The Results
ValuMeds optimized their advertising spend and used insights to define specific strategies for decision-making. After insights received from their partnership with Nozzle, ValuMeds were able to grow:
- +15% SP Spend
- +50% SP Spend on Key Products
- +156% Total Sales
Cabinet Health - ValuMeds
ValuMeds, part of Cabinet Health Inc., is an over-the-counter medicine brand selling FDA-certified products in the United States since 2017.
https://cabinethealth.com/
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