From Passion Project to Performance Engine: How Peaky Hats Scaled Profitably With TVG

From Passion Project to Performance Engine: How Peaky Hats Scaled Profitably With TVG

From Passion Project to Performance Engine: How Peaky Hats Scaled Profitably With TVG

CLIENT INTERVIEW

CLIENT INTERVIEW

CLIENT INTERVIEW

OVERVIEW

OVERVIEW

OVERVIEW

Ryan Miller didn’t build Peaky Hats to chase hype.

He built it because he cared deeply about product, craftsmanship, and the people who wore his hats.

Three years in, Peaky Hats had become something rare in e-commerce:

a cult brand with real fans, a founder with obsessive standards, and a product so good that customers naturally came back for more.

But behind the scenes, Ryan was stretched thin.

He was the founder.

The creative director.

The paid media buyer.

The email marketer.

The brand guardian.

And while the business was working, it wasn’t working as efficiently, scalably, or sustainably as it could.

Ryan didn’t need someone to “fix” Peaky.

He needed the right driver for a machine that was already powerful.

That’s where TVG came in.

THE CHALLENGE

THE CHALLENGE

THE CHALLENGE

When Ryan came to TVG, Peaky Hats was already winning:

  • A deeply loyal customer base

  • A strong product-market fit

  • Healthy ad performance

  • High repeat purchase behavior

  • A clear, intentional brand voice

But success had created a new problem.

Ryan was becoming the bottleneck.

As he put it:

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

Ryan Miller
Ryan Miller
Ryan Miller
Founder of Peaky Hat
Founder of Peaky Hat
Founder of Peaky Hat

At the same time, the systems underneath the brand weren’t built to scale:

  • Email and SMS lacked structure, consistency, and lifecycle strategy

  • Design and brand expression weren’t fully unified across channels

  • Paid was profitable, but not yet being pushed to its true ceiling

  • Key metrics like LTV, MER, and NCAC weren’t being actively leveraged as growth levers

The brand wasn’t broken.

It just hadn’t been given a real growth engine yet.

THE STRATEGY

THE STRATEGY

THE STRATEGY

TVG approached Peaky differently than most engagements.

We weren’t there to reinvent the brand.

We were there to operationalize it.

That meant three things:

Turn intuition into infrastructure

We took what Ryan already knew worked and translated it into scalable systems:

  • A real retention lifecycle (flows, segmentation, cadence, personalization)

  • Brand-consistent creative systems across email, ads, and site

  • Predictable acquisition economics driven by MER, LTV, and NCAC

Scale only when efficiency allowed it

Instead of chasing ROAS vanity metrics, we focused on:

  • Marketing Efficiency Ratio (MER) to measure holistic profitability

  • LTV : NCAC ratios to determine how aggressively we could scale

  • Blended performance, not siloed channel results

This allowed us to push growth without breaking the business.

Give the founder his time back

By absorbing execution across ads, email, SMS, and creative, Ryan regained focus where it mattered most:

  • Product

  • Community

  • Partnerships

  • Vision

As Ryan described it:

“We already had a sports car. We just needed the right driver.”

“We already had a sports car. We just needed the right driver.”

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

“We already had a sports car. We just needed the right driver.”

CREATIVE EXAMPLES

CREATIVE EXAMPLES

CREATIVE EXAMPLES

The Inflection Point: Thanksgiving Day

The Inflection Point: Thanksgiving Day

The Inflection Point: Thanksgiving Day

In late November, something special happened.

Peaky Hats crossed its first $1,000,000 in annual revenue.

Not on a random weekday.

Not buried inside a busy workday.

It happened on Thanksgiving Day… at home, with Ryan’s family, watching the dashboard tick over together.

After three years of building, refining, and caring deeply about every detail, Peaky Hats hit a milestone most founders dream about.

Ryan popped champagne in his kitchen.

When Ryan came to TVG, Peaky Hats was already winning:

  • A deeply loyal customer base

  • A strong product-market fit

  • Healthy ad performance

  • High repeat purchase behavior

  • A clear, intentional brand voice

But success had created a new problem.

Ryan was becoming the bottleneck.

“I love what we do. I love how we do it. And I love who we do it for.”

“I love what we do. I love how we do it. And I love who we do it for.”

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

“I love what we do. I love how we do it. And I love who we do it for.”

That moment captured exactly what this partnership was about:

performance, without sacrificing soul.

THE RESULTS

THE RESULTS

THE RESULTS

In just 60 days, Peaky Hats saw:

+103.0% total revenue growth

+103.0% total revenue growth

+103.0% total revenue growth

Revenue & Growth

Revenue & Growth

Revenue & Growth

+107.7%

+107.7%

+107.7%

Meta Revenue

Meta Revenue

Meta Revenue

–11.4%

–11.4%

–11.4%

Meta CPA

Meta CPA

Meta CPA

+88.6%

+88.6%

+88.6%

Google Revenue

Google Revenue

Google Revenue

–27.9%

–27.9%

–27.9%

Google CPA

Google CPA

Google CPA

5.59 → 6.52+

5.59 → 6.52+

5.59 → 6.52+

Marketing Efficiency Ratio - 17% More Efficient

Marketing Efficiency Ratio - 17% More Efficient

Marketing Efficiency Ratio - 17% More Efficient

Meaning:

For every $1 spent on marketing, Peaky generated $6.52 in revenue while aggressively scaling.

For every $1 spent on marketing, Peaky generated $6.52 in revenue while aggressively scaling.

“I was trying to be everything — ads, email, design, content — while also trying to be the founder.”

For every $1 spent on marketing, Peaky generated $6.52 in revenue while aggressively scaling.

That’s controlled, disciplined, profitable growth.

RETENTION & LIFECYCLE IMPACT

RETENTION & LIFECYCLE IMPACT

RETENTION & LIFECYCLE IMPACT

From the retention dashboard:

  • 36.5% of total revenue came from retention (email + SMS + repeat buyers)

  • Email Campaigns = 17.6% of total revenue

  • Email Flows = 17.0% of total revenue

  • SMS = 1.5% of total revenue

Deliverability and list health remained strong despite aggressive volume, maintaining:

  • Spam complaint rates under thresholds

  • Bounce rates within healthy limits

  • Stable engagement even during peak season

When Ryan came to TVG, Peaky Hats was already winning:

  • A deeply loyal customer base

  • A strong product-market fit

  • Healthy ad performance

  • High repeat purchase behavior

  • A clear, intentional brand voice

But success had created a new problem.

Ryan was becoming the bottleneck.

WHY THIS WORKED

WHY THIS WORKED

WHY THIS WORKED

The brand was authentic

  • The founder cared deeply

  • The product delivered

  • The systems finally matched the ambition

TVG didn’t change Peaky.

We unlocked Peaky’s growth potential.

When Ryan came to TVG, Peaky Hats was already winning:

  • A deeply loyal customer base

  • A strong product-market fit

  • Healthy ad performance

  • High repeat purchase behavior

  • A clear, intentional brand voice

But success had created a new problem.

Ryan was becoming the bottleneck.

CORE TAKEAWAYS

CORE TAKEAWAYS

CORE TAKEAWAYS

Great brands don’t need reinvention, they need infrastructure.

MER and LTV are better scaling guides than ROAS alone.

Founder-led brands win when founders are freed to lead.

Sustainable growth is built, not forced.

Founder-led brands win when founders are freed to lead.

Sustainable growth is built, not forced.

Founder-led brands win when founders are freed to lead.

Sustainable growth is built, not forced.

Founder-led brands win when founders are freed to lead.

Founder-led brands win when founders are freed to lead.

Founder-led brands win when founders are freed to lead.

We're an extension of your team.

We're an extension of your team.

Think of us as an extension of your team. If you succeed, so do we. Our digital marketing team works night and day to ensure you get the results you want. Everything is carefully planned out and strategized to make sure your brand scales profitably.

Think of us as an extension of your team. If you succeed, so do we. Our digital marketing team works night and day to ensure you get the results you want. Everything is carefully planned out and strategized to make sure your brand scales profitably.

Think of us as an extension of your team. If you succeed, so do we. Our digital marketing team works night and day to ensure you get the results you want. Everything is carefully planned out and strategized to make sure your brand scales profitably.

©2026 The visionary group. All rights reserved.
©2026 The visionary group. All rights reserved.
©2026 The visionary group. All rights reserved.