How Myntra Generates 25% of Revenue from Facebook

Myntra.com is an e-commerce fashion retailer at present. The online shopping platform established by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena in February 2007, is head quartered in Bangalore. The company is ranked among the top 3 e-commerce companies in India.

Initially when it was started in 2007, Myntra was in business of personalization of products online however after 2010 it repositioned itself and expanded its catalogue to retail fashion and lifestyle products.

Myntra .com had a few goals to be accomplished to have a thriving business for which it employed various channels, one of which is Facebook. In fact, the e-commerce fashion retailer generates 25% of its revenue through Facebook. Let’s see how

Myntra uses Facebook as a marketing channel to:

• Acquire new customers
• Increase engagement with existing customers
•  Create strong brand credibility among target customers

Facebook Pages:

The strategy of Myntra.com for its Facebook page is comprised of four parts, which are

1) Increase awareness of new products to drive sales on website
2) Build brand loyalty through response to customer service inquiries
3) Launch exclusive promotions and contests to fans
4) Install social plug-ins on website to increase traffic to Facebook Page

Facebook Ads:

Company’s objectives to be achieved through Facebook Ads are:

1) Target the exact demographic of potential active buyers on Myntra
2) Increase the number of fans on its Facebook Page
3) Reach friends of fans (using sponsored stories) to become fans of its Facebook Page

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25% of revenue is directly attributable to Facebook

120% increase in transactions originating from Facebook in last 6 months

75% increase in total website traffic from Facebook in last 6 months

300% increase in reach among Facebook fans in last 3 months