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The influence of advertising on consumer behavior
The overall Red Bull global marketing strategy
Analysis of marketing strategies von red bull
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3. Will Red Bull eventually need to embrace more traditional media marketing in order to keep growing? Why or why not?
In general, the usage of traditional media marketing strategies is gradually decreasing or being substituted by the innovative marketing strategies with the use of new technological advancements. Concerning Red Bull, the brand never relied on increasing its sales through traditional means of marketing like ads during broadcasts. As mentioned in the previous question, Red Bull uses short advertisements whose scope is to depict the slogan of the brand, “Red bull gives you wings”. Often these ads are funny and last only for a few seconds. The reason why Red Bull decided to develop these ads was just to receive an extra boost in terms of brand awareness. Since large amounts of people are in contact with TV ads, Red Bull’s move was more like a mandatory one; they felt like they needed to invest in ads, at least to some degree, in order to give an extra push to the brand (especially while introducing it). The real success behind the brand is the non-traditional marketing.
As a result, Red Bull does not need to embrace more traditional media as a primary advertisement tool. Mediums like radio could be used to advertise a Red Bull event but not the brand itself. It is very difficult for a radio broadcast to depict the “extreme” behind the brand’s image.
The optimal choice would be to continue experimenting with the non-traditional media marketing. Broadcasting ads between soap operas does not really depict what Red Bull stands for; excitement, adventure, energy, high speed, crashes, danger, extreme sports. Switching towards a more traditional strategy will only weaken Red Bull’s hard work as depicting its brand...
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... new sports, represent efforts of expansion.
Red Bull Cola is another example of such investment. This product reaches out to different consumers than the users of Red Bull. The focus is the natural sense of the brand, not the wings. In this sense, the promotional strategy has to change accordingly. There have been rumors that Red Bull might also invest in children beverages. Whether this is a good idea or not it’s a different question. What is relevant is that if Red Bull chooses to do so then the brand has to change the promotional strategy to appeal to the target customer. So it is ultimately up to the company to decide upon their future, considering the environmental, political, economical, and technological changes. It might be the case the Red Bull’s goal would be to solidify the current positions as market leader, and preserve the traditional brand image.
For most companies, advertising can be a costly affair. On the one hand, customers are getting more information about new products, goods and services. While, on the other hand, it has to be effective, noticeable and remembered long enough to make potential customers into actual ones.
According to Robert Scholes, author of On Reading a Video Text, commercials aired on television hold a dynamic power over human beings on a subconscious level. He believes that through the use of specific tools, commercials can hold the minds of an audience captive, and can control their abilities to think rationally. Visual fascination, one of the tools Scholes believes captures the minds of viewers, can take a simple video, and through the use of editing and special effects, turn it into a powerful scene which one simply cannot take his or her eyes from. Narrativity is yet another way Scholes feels commercials can take control of the thoughts of a person sitting in front of the television. Through the use of specific words, sounds, accompanying statements and or music, a television commercial can hold a viewer’s mind within its grasp, just long enough to confuse someone into buying a product for the wrong reason. The most significant power over the population held by television commercials is that of cultural reinforcement, as Scholes calls it. By offering a human relation throughout itself, a commercial can link with the masses as though it’s speaking to the individual viewer on an equal level. A commercial In his essay, Scholes analyzes a Budweiser commercial in an effort to prove his statements about the aforementioned tools.
Most advertisements as the ones I mentioned above use at least two or more appeals to persuade their intended audience to buy the product donate money, go see a movie, go to a restaurant, or switch brands. The use of logos seems to be the most effective way to promote something, by giving the facts and logical reasoning people are more likely to want what is being offered. Commercials have a short amount of time to engage the audience in their product. The use of rhetorical appeal helps to keep the audience’s attention to the details of the commercial and to make them think about what is being shown or heard. The presentation of the commercial needs to leave a memory with the audience to make them want to learn more about the product or try it
First of all, the slogan of Red Bull commercial is simple, meaningful, and unforgettable. The slogan of Red Bull commercial says, “Red Bull gives you wings”. It is easy to get their message, and what they want to sell ...
Advertisement over the years have been very relentless with a few inventories for its expansion. It can be a very persuasive tool towards getting a result. GM uses a tradigital marketing strategy type of advertising which combines both the traditional way of advertising and the new age way of advertising which is computer based also known as digital. However, there’s always room for improvement. According to John Wanamaker, he stated that “I know that half of my advertising dollars are wasted…I just don’t know which half” (Rosenblum, 2011). It is known for years as an accepted truth that 50% of every advertisement dollar is wasted. Is it because we are doing too much or too little to convince our potential buyers? This is a questionable factor that need answers. I recommend changing the key performance indicators from a marketing to a business focus, create a superior experience that at the end of the day simplify consumer’s lives and create an educational platform.
This paper will delve into the changes that social media has brought upon Super Bowl ads and how this has translated into the present day brand awareness strategy that various companies have been utilizing. The Super Bowl is one of the most watched events in the U.S. and, as such, companies often attempt to capture the attention of the audience through a variety of entertaining and amusing commercials that are aired during the commercial breaks. It used to be the case that companies often attempted to top each with ever increasingly audacious commercials which were meant to get audiences talking about the company, thus creating a considerable degree of brand awareness among the general population (Barraclough, 2012). The result was that the constant one-upmanship by the various companies actually created a "secondary show", so to speak, wherein the advertisements that were telecasted during the Super Bowl became almost as relevant to the television audience as the main event itself. Such a state of affairs radically changed as a direct result of the development of social media and the need for companies to better connect with their customers through social media campaigns (Barraclough, 2012).
Red Bull is a company that has incorporated use of various forms of media and outlets. Candidly, if there are any digital resources that have not been used by the company, they are few. Currently Red Bull has accomplished much in this area. In addition to the company’s familiar content on their webpage, it has released a feature film called “The Art of Flight”. (Mashable 2013) In 2011 the company began campaigning season, that included a mobile racing game called Red Bull Augmented Racing. In this game, users are allowed to create their own tracks and race against global players on Red Bull’s site.
Just like any successful business, success is not just handed to them. Some form of trails and tribulation are presented. Through the introduction of the trails and tribulation, many successful corporation was born, case in point Adolph Coors Company. Before one can comment on the success of Coors, it’s important to address the struggles of the corporation and methodology towards fixing their problems.
During the past 15 years, the drink has been copied by more than 100 competitors, but such companies as Coca-Cola and Anheuser-Busch have been unable to take market share away from Red Bull. Says Red Bull founder Dietrich Mateschitz, "If we don't create the market, it doesn't exist." Mateschitz's secret to creating a $1.6 billion worldwide stampede for Red Bull lies in a highly ingenious "buzz-marketing" strategy that herds consumers to exclusive and exciting events that get high media coverage. Red Bull supports close to 500 world-class extreme sports athletes that compete in spectacular and often record-breaking events across the globe. Mateschitz explains, "We don't bring the product to the consumer, we bring consumers to the product."
Product advertising is defined as the art of building and ensuring that product awareness stays with potential buyers. A good advertising program aims to make consumers aware of product need, usage of product, customer value and sustainable competitive advantage of a product compared to the competitors. Hershey’s always used appropriate channels like of internet, radio ads in order to ensure to promote customer value and affordability (Chitty, 2011).
Red Bull is an energy drink manufactured, distributed, and marketed by Red Bull GmbH, which is a company in Austria. The company was established in 1987 in Austria and hit the global markets in 1996. Red Bull is the most popular energy drink across the world selling an estimated 5.2billion cans in 2012 as reported by Symphony IRI. The company commands a 50% and 46% market share of energy drink industry in Canada and United States respectively. The brand is also marketed in Europe, Asia and has recently ventured the African market with the establishment of a distribution depot in South Africa. Further, the company generated approximately $400 million in sales in America and Canada alone in 2012.
Red Bull relies on its events and its wings team. The wings team is a group of young women that drive mini coopers, wear backpacks filled with Red Bull, and distribute coolers full of free drinks (Red Bull). In its early days, Red Bull would give cans to club DJ’s, and leave “empty cans on tables in trendy bars and pubs, as well as in garbage cans outside select night clubs” (Normally Kumar 6). Red Bull also does not do anything to dispel absurd rumors that one of its products active ingredients taurine, comes from bull semen.
Red Bull has becoming hugely successful and operates within the global soft drink marketplace. Within the soft drink industry its niche is the ‘energy drink’ market, of which Mateschitz was largely responsible for creating. Red Bull currently is the leading energy drink across the entire globe. It holds 70% of the market worldwide (Gschwandtner, 2004). Once the drink was passed by health ministries, Red Bull entered the Austrian market, soon thereafter then moved into Germany, United Kingdom and the USA by 1997.
During the 1990s, PepsiCo launched new products and engineered a global re-branding campaign in an effort to grow sales volume; reinvigorate their stagnant brand; and to close the increasingly large sales and market share gap between itself and its primary competitor, Coca-Cola. In 1993, Pepsi jump-started its marketing efforts by adding two brands to its portfolio: Crystal Pepsi and Pepsi Max. Crystal Pepsi, which was initially offered in the United States, failed to earn the company more than 2 percent volume share. Pepsi Max, which was launched in the United Kingdom, proved more successful, but because one of its primary ingredients was an artificial sweetener not yet approved by the Food and Drug Administration, it wasn't brought to market in the United States.
Sports are one thing that unite people from various backgrounds. The idea of being up-to-date with trends is also something that is idolized over different cultures. The key place to find the latest and greatest trend is from the youth’s interest and sporting events. The fact that “RBMH covered all the various aspects of its marketing tools from making online feature films, television coverage, sports magazine called The Red Bulletin, and an in house record label” means that Red Bull is not afraid to dabble into new industries in order to expand their brand (Kansara, 4). Red Bull also has a unique 4-pack packaging that differentiates them from their competitors (Kansara, 4). Supporting over 500 extreme sports athletes leaves little to no room for competitors to try and be seen in the sports industry (page 6). Red Bull also uses social media, such as Twitter, to truly connect with their consumers rather than solely sale their product. They hope to remain a privately owned company (Kansara, 9), eliminating room for unauthentic replication of their brand. They also strongly connect to the youth because they are noted as a “rebellious drink” (Kansara,