Being a new company, Bijoux Surprise doesn’t know the LTV (Lifetime Value) of their customers yet.
It’s very difficult to put an exact $ figure. We have tried our best to calculate the ROI.
Revenue: They got low 4 figures of revenue which can be directly attributed to the giveaway.
Leads: They acquired 4235 leads from the giveaway. Even if we assume each lead costs $2, it’s worth $8470.
We are pretty sure the value of each lead is definitely more than $2. We are just being conservative here.
Social Proof: Social Proof is very important in this age before someone buys from an online store.
Imagine some store with zero followers, how comfortable would one be buying from that store?
Of course one could use some Fiverr services to get fake followers but to get genuine 1000 followers one should shell out at least a few hundred dollars on Facebook ads.
Very difficult to put an exact dollar number but let’s assume $500.