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Waterdrop, a well-known European brand, struggled to gain traction in the highly competitive US market. With a higher price point and facing well-established competitors like Liquid IV, Waterdrop needed a robust strategy to increase its market share and brand recognition in the US. The primary challenges included market penetration, high competition, and low brand awareness, all resulting in a high customer acquisition cost (CAC).
Nectar took over Waterdrop's advertising efforts in August 2023, employing a multi-faceted approach using Amazon's full suite of advertising tools:
Utilizing DSP, Sponsored Products, Sponsored Brands, and Sponsored Display ads to create tailored advertising solutions that enhanced brand visibility and drove subscription growth.
This required deep competitive research and keyword analysis to create brand visibility at every phase of consideration.
Optimized the brand store for user experience by improving navigation, highlighting key products, and using optimal product grouping to enhance the shopping journey and increase conversion rates.
Coordinating content with the brand's advertising strategy to drive traffic and control costs.
ExploreThe long-term effect of sponsored brand video on brand awareness, new-to-brand sales, growth, and interesting category effects.
ExploreOptimizing TYR's Amazon advertising by reallocating spend from low-priced to high-priced items.
ExploreStreamlined Amazon strategies from access to data insights like never before, leading to massive growth.
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