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CASE STUDY · March 28, 2026 · 8 min reading

How we doubled the advertising returns for a jewellery e-shop

6 months, €84k budget, revenue from €180k to €520k. What worked and what didn't.

MK
Mária Kováčová
Account Lead

Starting Point

Zlatka.sk was burning through €40k monthly on Google Ads with 2.1× ROAS and stagnating revenue of €180k before working with us. Their large catalogue (~3,200 SKU) was poorly organised into ad groups, with no margin-based segmentation, and Meta Ads were practically unused.

Hypotheses We Tested

  1. Performance Max campaign restructure by margin and category
  2. Server-side tracking implementation for Meta CAPI and Google Enhanced Conversions
  3. Klaviyo email automation instead of sporadic newsletters
  4. Meta Ads creatives from 4 angles (gifting, self-purchase, occasion, brand)

What Worked

PMax restructure had the biggest impact overall — ROAS moved from 2.1× to 4.3× within 8 weeks. Klaviyo email started generating €74k monthly (from zero) within 4 months. Server-side tracking improved our attribution by 28% and algorithms "saw" more conversions, learning better.

What Didn't Work

First month we lost budget on TikTok Spark Ads — fashion-style hooks simply didn't resonate with our audience (average age 38). We pulled the TikTok budget and moved it to Meta Reels.

Results After 6 Months

  • Monthly revenue: €180k → €520k (+189%)
  • ROAS: 2.1× → 6.2× (+195%)
  • Email revenue: €0 → €74k
  • CPA: €38 → €16 (−58%)
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