Showing posts with label Marketing. Show all posts
Showing posts with label Marketing. Show all posts

Monday, August 26, 2013

I AM A PRODUCT!

At the risk of sounding extremely materialistic yet I always tell budding entrepreneurs and future leaders that an education in management teaches one among other things to become an expert in marketing products. It teaches one to understand the needs of the consumers and position the brand in such a manner that the consumer feels he / she needs the brand and goes and buys it. Most of the students of management are quick to learn this and by the time they graduate they are ready to impress the corporate world with their newly learnt skill of ‘marketing’. As david ogilvy once said “a great marketer can even sell snow to an eskimo”. Many management graduates pride themselves upon the fact that they can ‘market almost anything to anyone’, and most of them are actually pretty good at it too. So then all these so-called expert marketers must also be greatly successful in their careers?

Surprisingly that is not true. This is because these marketers learnt to market everything and anything but forgot to learn to market the most important thing and that is ‘marketing themselves’!

Wednesday, July 24, 2013

BOLLYWOOD, HOLLYWOOD AND BRANDS

BOLLYWOOD, HOLLYWOOD AND BRANDS
Amitabh Bachchan made his debut in Hollywood with a small but well portrayed role in the film The Great Gatsby. If you have seen the film you too would have been mesmerized by the grandeur of it, but if you have seen it from a marketer’s point of view you would notice how intelligently the film has been made to include well-known brands. It’s actually overflowing with premium products. The top international designers Miu Miu and Prada for the movie designed more than 40 different cocktail gowns. Brooks Brothers designed the lead actor Leonardo Di- Caprio’s clothes. Moët & Chandon provided the champagne used in the film. The top-notch jewellery designer Tiffany & Co. created the jewellery.

However, this time it has been done differently. There may be no obvious close up shots that the brands need to depend on to be noticed in the film. This time the brands ‘invested’ in the movie too. Which implies that they have specially created products for the film and in their advertising and branding strategies would highlight this fact. Since these are all limited edition pieces the brands have a lot to benefit. Tiffany & Co., for example, has already got a list of clients who would want to buy these pieces as a ‘keepsakes’ since the designs are from an era long gone and a lot of people are there who would love to own something from that era.

Brooks Brothers have launched their own “The Gatsby Collection” which has suits inspired by the fashion of the 1920s. The brands in question will promote these new collections in their advertisements, which will benefit not just them but the movie too.

Saturday, April 27, 2013

DARE TO CHANGE THE RULES OF THE GAME?

DARE TO CHANGE THE RULES OF THE GAME?
The big players of TV are a little worried and it’s all because of a small company named Aereo, an upstart which wants to change the way we view television. No wonder all the big firms from NBC, ABC, CBS to Fox have all sued it but its CEO Chet Kanojia (who incidentally is a native of Bhopal) is not worried at all for he is absolutely sure of what he is doing. Aereo TV, simply put is an ‘online TV service’. The modus operandi of the company is simple. Kanojia has made very small antennas. Each user is assigned one antenna which grabs the broadcast-TV signals from the air and with the help of a software those signals are aired to the user. Not just this, the signal can be aired to any device which the user opts for – his mobile, his PC, or even his TV set. What this translates for the user is: a) he does not need to pay the hefty cable fees, and b) he can now watch his favourite TV programme anywhere. He could be stuck in traffic and watch it on his mobile, or in office on his PC. Kanojia saw a loophole in the copyright act and made the most of it, which is why in spite of his company being sued twice he seems undeterred and has in fact won both times. Not just that, today he is sitting on a funding of $38 million with the help of which he would spread his network, which is currently available only in New York, to 20 more cities.

Kanojia saw a gap in the system and filled it up with his service. According to him, everything will soon migrate to the Internet including TV. The youth today is more loyal to a TV programme and not a TV channel. He wanted the freedom to watch it whenever and wherever he pleased. Add to that the fact that he did not want to pay for the channels he did not watch, but under the current system he had to pay for a package. Aereo, on the other hand, gave him just what he wanted.

Whether Aereo really makes it big and becomes the next best thing is debatable and only time will tell. However, it has an important lesson for all to learn and that is ‘never fear to challenge the big players or the best ideas’. You may turn out to be a game changer.

Tuesday, March 19, 2013

GO MOBILE!

GO MOBILE!
What do you do if you are a pizza parlour and the neighborhood where you are supposed to deliver your pizzas has people from over 200 nationalities who speak equally varied number of languages? Dubai based Red Tomato found a way to solve this problem – with the help of a fridge magnet. This magnet is connected with the bluetooth of the user’s mobile phone. He just presses the button, selects his choice of pizza online and orders it. Now it no more mattered which language you spoke; you always got the pizza you wanted. Deliveries increased by about 500%!

In 2011 IPL used the mobile phone to spread awareness about the cricket series. It used the SMS2.0 service. All those who used this app to send text messages were shown a banner ad of the series. While their message was being sent the banner ad became full screen where the user could see options like check the score, read more, download ringtones etc. The company received more than 16 lakh impressions and more than 35,000 ringtone downloads!

Lego has found a way to be relevant to the young generation and has found a way to compete with video games for market share. All you required was the special edition box of the Lego blocks, and the mobile app ‘The Life of George’ downloaded on your smartphone. The mobile app beams images which you have to make with your blocks within a time period specified by the app. With every successful attempt you move up levels. There are no estimates available of the sales figures, but it generated 294 million page impressions!

Thursday, February 21, 2013

THE LESS OBVIOUS RULES OF SUCCESS

THE LESS OBVIOUS RULES OF SUCCESS
A simple arithmetic question for you: ‘A bat and ball cost a dollar and ten cents. The bat costs a dollar more than the ball. How much does the ball cost?’ If you answered ‘10 cents’ you also probably are not aware of the ‘less obvious rules of success’. I will try to discuss a few here – the most obvious ones at least. Just as the obvious answer that 90% of the readers gave was actually the wrong answer (the right answer is 5 cents for the ball and a dollar and five cents for the bat), similarly the rules of success are the ones we most often tend to overlook. Success comes from strange quarters and with strange reasons too. Decades ago, an interesting book “What they don’t teach you at Harvard Business School” became a best seller. The author had then tried to show how the most obvious things are not being taught, the things that actually impact our careers. Even today, most people are not aware of many similar things.

IT’S NOT WHAT YOU SPEAK, RATHER WHAT YOU DON’T WHICH IS IMPORTANT!

A research by Classes and Careers revealed some interesting secrets about how to successfully crack interviews. While most of us will spend hours learning the important answers and pouring over the course and trying to mug up as much as possible, as many important points as possible, it’s the smart ones who do that little bit extra, which is the difference between success and failure. The biggest game changer in the interview process are the ‘non-verbal’ cues. It is not so much what you speak, rather what you don’t speak which creates the maximum impact. If you falter here it might cost you your job!

Friday, January 18, 2013

THE NEW ERA

THE NEW ERA
The New Year will, as always, bring with it a change. For marketers too it will be a year of looking at business, at consumers, at strategies, at investments, even at job profiles in a different manner.

IBM is in the business of computers. Well, so you thought, for it does much more now. This year, it is also in the business of selling what is known as ‘trend detection’ to marketers. The hottest trend in fashion, music, etc this year is predicted to be ‘the Steampunk movement’. Who predicted it? Yes, IBM! It developed a model using proprietary software that studied various conversations happening in various networking sites like Twitter, Facebook, Pinterest etc for years and also in the numerous blogs, and discovered that “Steampunk” was being mentioned more and more frequently and hence predicted that this was a trend to stay. It has been proved right as the popularity of this trend is increasing. Even the fashion label Prada launched its new fashion line with ‘Steampunk’ as the theme. What started as a literary subgenera in the 1980s is today a hot selling fashion trend. Now, IBM is offering its services to brands where it can help them predict and identify new trends with the help of its new software and be better prepared for the future. It is no more the traditional computer manufacturer.

Think about it, the job of a singer is to sing well; and if he is popular, he gets to endorse brands. Not anymore! Will.i.am, the lead singer of the band The Black Eyed Peas, just proved it wrong. Unlike other rock stars, his brand endorsements are different. When Coke wanted to sign him up as their brand ambassador, he convinced them instead to start a new division ‘Ekocycle’ (look carefully it’s actually Coke spelt backwards) and endorse that. He had deeply studied the company profile and found that this was an idea which would benefit both him and Coke, something no brand ambassador is expected to do. Rather, it’s the reverse as brands study the profile of the star to see if he fits well with the brand! This new division would promote ‘recycling’, with each product being labelled, stating clearly how many bottles were recycled while manufacturing the product. For example, a pair of headphones uses three bottles. The idea was a huge success, and today Coke and Will.i.am divide the profits equally from this division. Not just this, Coke probably for a very long time, will not change its brand ambassador either and many companies would be lining up at Will’s door to sign him up. Will has proved that it pays to not just be the traditional brand endorser, but to go a step beyond. Soon gone would be the days of many things traditional, one of them being shopping!

Friday, December 28, 2012

RESPOND QUICK... OR PERISH!

RESPOND QUICK... OR PERISH!
It is said that John F. Kennedy was America’s first television President. Barack Obama has shown that he is the nation’s first ‘Social Media’ President!

The super fast advancements in technology and the growth of the internet have changed the marketing landscape totally. Its impact was seen the most in the Presidential campaigns of Obama and Romney. This time, Obama’s campaign strategies were totally different from the ones he used in 2008. Yes, he once again used social media, but he used it more scientifically. This time, he had a huge team of ‘boffins’ (data analysts) headed by a new ‘Chief Scientist’ Rayid Ghani, whose job was to scientifically analyze all the data and use it to plan Obama’s various marketing strategies. For example, the team found out that in 2008, it had used the “Sign up now” button to gather followers on Facebook; but changing it to “Learn more” was far more effective in getting people to register in 2012. Each plan was tested, retested, analyzed and then implemented. A huge team of data analysts holed up in what was nicknamed ‘The Cave’ sat day in and day out crunching numbers and planning each move. That was the secret to Obama’s success.

The social media landscape is, after all, more cluttered and much different now than it was four years ago; so this time, it needed to be handled differently too. Obama showed us the most effective way of handling it.

RESPOND TO THE CONSUMER

The consumer talks to you in many different ways, and the most successful marketer is one who listens most intently. Today, most marketers do listen to their consumers, but the ones who can respond the fastest will win in the future. This is the new rule of the game. This is also called ‘adaptive marketing’, and both Obama and Romney showed the corporate world how to adapt real fast.

Thursday, November 15, 2012

BOOTSTRAP YOUR WAY TO SUCCESS!

The term ‘bootstrapping’ is an interesting term. It has a lot of challenge, a lot of drama built into it.

BOOTSTRAP YOUR WAY TO SUCCESS!
The term is attributed to a story written by Rudolf Erich. The story titled The Surprising Adventures of Baron Munchausen is based on a series of tales narrated by the Baron about his travels, with some impossible feats and daring escapes. One such tale is about him pulling himself out of a swamp with the help of his bootstraps as there was no one to help him and there was no other way he could have survived. Today, this 18th century tale has acquired a new meaning; especially for entrepreneurs. The idiom “pull yourself up by your bootstraps” is the secret behind the success of many people today. When all else failed, they looked at the end of their own arm and found a helping hand! Just the way when the Baron fell in the swamp and nothing seemed to work and it looked like all was lost, he thought of picking himself up by his own bootstraps.


Rajita Chaudhuri
This little boy used to walk barefoot to school. He used to sit on the floor in the classroom, as he was not allowed to sit on the desk; neither could he enter the temple of his village, for he was considered ‘unclean’ because he belonged to a lower caste. Ashok Khade is today a multi-millionaire who has Arabs as his business partners. A poor cobbler’s son, he had no money. He could barely finish his college and in spite of being a good student, he had to drop out and take up a job as an apprentice draftsman at the Mazagon Dock. His dreams of becoming a doctor were shattered, but he continued to work hard and became the best draftsman in the company. One day, his boss sent him to Germany for work. There, he chanced to see the paychecks of the Germans and was shocked to find how much they made in a month. This motivated him to work harder.

When everyone refused to help him, he decided to pull himself up by his own bootstraps and do something different. He worked hard; and at the right time, he started his own small company… something that was unthinkable at that time, when no one thought of leaving a steady job and taking this huge risk. It paid off and he soon got his first contract and then his second; and today, he has his own business empire, and his own voice. He organizes seminars where businessmen of his community (Dalit) give advice to companies like Tata Motors. He even persuades the government to give contracting preferences to Dalits, and the private companies to create job opportunities for people of his community.

Saturday, September 15, 2012

IT’S COMMONSENSE SILLY!!!

The Olympics are over and forgotten and so is India’s performance. Yes, we did win a few medals, but we did not win a gold. If we had to look at the Olympics from a marketer’s point of view, then once again, there is this one company, which deserves to get the ‘Gold’ for its marketing strategy.

IT’S COMMONSENSE SILLY!!!

If you watched the Olympics, you would not have missed the neon green shoes on the feet of some 400 athletes. Well it’s not the first time that athletes have worn Nike shoes during the Olympics, but it is definitely the first time that they have worn this color. Earlier, Nike used to make shoes that matched the uniforms of the athletes. The shoes ‘matched’, which means that they blended with the uniforms. Nike did not like that for nobody really noticed them. Martin Lotti, the designer at Nike, was not happy just designing shoes; he wanted to be noticed. So he chose a color that was bound to stand out – be it the racing track, the boxing ring, or any other event. He colored his shoes neon green and made every athlete wear them. There was no chance that anyone could miss them. So while Adidas was the official sponsor of the game, it’s once again Nike’s shoes that got noticed.

Rajita Chaudhuri
Prof. Rajita Chaudhuri
If you stick by certain basic rules, chances of going wrong are reduced remarkably. Like in the above mentioned case, when people go to watch the Olympics, they go to watch the athletes. So if any brand wants to get noticed, the most logical thing would be to be as near to the athletes as possible. Nike did just that. It thought ‘athletes’ and all marketing and branding efforts were concentrated around the athlete. So while Coca Cola is rumored to have paid $100 million and Adidas has apparently shelled out around $63 million, it is Nike who did not spend any money on sponsorships that got the maximum attention. Branding is all about creating the right impact and Nike was bang on target this time. Branding is also about creating customer satisfaction, but surprisingly, many companies lose this focus and finally lose out in the race.

Thursday, May 17, 2012

STICK OUT; DON’T BLEND IN!

Brad Pitt has bagged a new modeling contract, and this time, it’s not for any fancy gadget or any car brand or even a men’s clothing brand, but for a ladies’ perfume – Chanel Nº 5.

As expected, this news has got everyone talking about him and the perfume brand. It’s also got the cash registers ringing for him, and if all goes well, the cash registers would also be ringing for Chanel. The biggest boost in sales that a brand gets is when people start talking about it, when there is a certain buzz, an excitement around the brand. Ask any marketing expert and he would be ready to give his right arm to find the secret of creating the ‘right buzz’ around his brand. In fact, the job of advertisements is not necessarily to sell the product, but to get people to notice it; and in the most successful cases, to start talking about it. Chanel Nº 5 surely has learnt its lessons well. Decades ago, it had achieved notorious fame, when Marilyn Monroe – on being asked what she wears to bed – had said, “Why, Chanel Nº 5 of course!” That, and now this, i.e., getting Brad Pitt as their brand ambassador, has ensured that a lot of people would be talking about the fragrance for a very long time. The brand has managed to beat the clutter and has been able to stand out and get noticed from among the thousands of perfume brands available in the marketplace.

A few years ago, Lux soap decided to do something different to celebrate its 75 years. Known for its advertising strategy of taking Bollywood beauties to endorse its brand, the company decided to stick to the same formula; except that this time, the beauty in the bath tub was not the latest Bollywood heroine, but the latest heartthrob of all the females of the country – Shah Rukh Khan! The strategy worked. People noticed it. Some liked it and some laughed at it, but everybody was talking about it. That is the aim of advertising. As long as I have got you to notice me so that you talk about me, a large part of my work as an advertising man is done.

Friday, February 24, 2012

BRANDING THE MAHABHARATA WAY!

There is a new guy in the world of ‘brand ambassadors’ in advertising. He is a quirky little character named Mel, who suffers from an identity crisis, for he does not know whether he is milk or granola. To put it in short, Kraft has launched a new product ‘MilkBites’, which is actually granola bites baked in milk. It’s supposed to be for people who don’t have time for breakfast. But this MilkBite needs to be stored in a refrigerator, so it’s a ‘pre-made, refrigerated cereal’. It’s a complicated product, which required a different positioning; for here is a cereal, which has to be picked up from a refrigerator in a departmental store! So Kraft decided to use this strange positioning to its advantage and came up with the character Mel, who battles with low self-esteem and deals with identity issues (something we too battle with often!). The character Mel is turning out to be an interesting fellow as you get to know him better through various advertisements; where he tells the story of his confused life, and in the process, also tells us how he is to be consumed.

MilkBites is going to be Kraft’s biggest launch this year and it’s using an underdog to win market share. No great stars, no super achievers. We have a little confused fellow as the brand mascot of Kraft. He is a misfit who has a sad story to tell.

Why would Kraft choose such a character? Think about it. On a TV channel full of happy mascots, here is a sad character, a misfit. As a result, Mel is instantly noticed. More importantly, he is instantly sympathized with, for we all love the underdogs. This is human psychology and it remains the same, whichever part of the world you go to. Everybody sides with the underdogs. Kraft probably is placing its bet on a winning strategy. Look around you and you will find that quite surprisingly, the underdog always wins!

Friday, February 10, 2012

SUPER ADS, AT THE SUPER BOWL

Sunday, February 5, was a big day for advertisers in America. The Super Bowl, the most watched show on TV, was aired that day. For the third year in a row, Super Bowl has set the record as the most watched television show in US history. Not just the game, the Super Bowl has become a showcase of some of the most remarkable advertisements, and people wait to see the commercials aired during this time as much as the game. After all, some of the most iconic ads have made their debut here. This year also witnessed some of the best ads and taught us a thing or two about what good ads are made of.

An estimated 111.3 million people watched the Super Bowl this year. The only other program that beat this record was Madonna’s show during halftime of the game. It was viewed by 114 million people . There seems to be something about ‘halftime’, for the most acclaimed commercial during the Super Bowl was Chrysler’s ‘It’s Halftime in America’. Aired during the game’s halftime, the commercial started by equating the game’s halftime with America’s halftime. Just as during halftimes, teams are discussing strategies to win the game; America also needs to find a way out of this mess that the country is in right now. The one city that is showing the way is Detroit. It lost everything with nearly all car companies going bust, but it did not give up and today, it is slowly but surely making a comeback. The Americans should do the same. After all, as the advertisement says, “This country cannot be knocked out with one punch. We get right back up again and when we do, the world is going to hear the roar of our engines”. The commercial was so inspiring that in many places, people gave it a standing ovation.

Friday, January 13, 2012

A NEW YEAR, A NEW START!

Another year, another chance to accomplish all that we could not in the last year, another hope, another new beginning! Yes, every new year brings about a sense of freshness with it and lots of hope and high spirits. It’s the time to think afresh, plan new things, change your outlook and approach your problems with a more positive mindset.

Every year promises something new and every year witnesses a new change. This year too, we as marketers should be ready to face new challenges and plan new strategies. The rules of doing business are going to change and if we want to stay ahead, we better be prepared.

THE VIRTUAL WORLD WILL OVERTAKE THE REAL WORLD

The traditional way of marketing has changed. Marketers will focus more on the new media and the traditional will take a back seat. This change is for good and will intensify even more as marketers discover more and more innovative ways to reach out to the consumer online.

Last year (in June, 2011) the marketing genius Nike premiered its new ad campaign titled “The Chosen” not on TV, but on Facebook. The campaign was used to launch a video contest, which asked people to submit their videos of extreme action sports (like snowboarding, surfing, skateboarding et al) and create the maximum buzz around their entries. The finalists were then judged by a group of professionals within Nike and the winner was selected; the winner was titled the ‘chosen one’, for he got the chance to live like a Nike Pro athlete for a year. Apart from the very interesting and engaging campaign, the point to be noted is that Nike decided to launch its campaign on Facebook nearly three days before it featured the same on TV during the NBA finals.

Friday, November 25, 2011

IS INDIA REALLY 4 NATIONS?

SO FAR, MARKETERS HAVE LARGELY PAID ONLY LIP SERVICE TO THE CULTURAL DIVERSITY WITHIN INDIA. IT’S TIME THEY DO MUCH MORE TO LEVERAGE IT TO THEIR ADVANTAGE

Companies are worried about the coveted FDI regulations for this market. Economists are worried about its massive poverty indicators and growing inequality. Politicians are worried about their next elections as usual, but perhaps much more today about simply getting caught! Business in general is worried about favourable government policies and reforms and also about the appalling Indian version of the term “infrastructure”. And on top of all these, the common man is worried about (including infrastructure, of course) rising prices on all fronts, corrupt and inefficient systems, uncertain markets, lack of a social security net… the list is quite endless.

Welcome to “Incredible India”, the term itself a perfect fit for this country, and not just because the words are catchy and rhyme well. It’s also because of their meaning. Not great, or awesome; but ‘incredible’, in simple terms, hard to believe. And that’s how intellectuals at different points of time have described the ascent of the Indian economy.

Nevertheless, marketers love stories, and the Indian story attracts them like few do. Goldman Sachs’ BRIC report laid the groundwork followed by many others. Another exhaustive report by McKinsey in 2007 gave some important indications of where India could potentially be. It projected, with an assumed CAGR of 7.3%, that India would triple its income levels by 2025. That will bring around 291 million people out of poverty and the middle class will rise by ten times over the period to around 500 million. What’s more, 23 million people would count among the wealthy, which would be more than Australia’s current population (around 22.7 million, Australian Bureau of Statistics, October 17). And the most exciting part, of course, is that the country has a combined young & working age population (14-60 years of age) that comprises nearly 54% of the total (UN, 2009 figures). Another 31.3% are in the wings to enter this group (age 0-14 years). India’s working age population is expected to edge out China by 2028.

Friday, November 18, 2011

MOVE OVER CRICKET, HERE COME THE CARS

We are a nation that lives and breathes cricket, yet many feel that they are now getting an overdose of it. The 15-20 year olds today do not identify so much with cricket. They want something different, something fast and something trendy. Formula One seems to be the answer.

CARS VS CRICKET FOR SPONSORS

Kingfisher went ballistic with the promotions of its beer at the Indian Grand Prix held in Noida last month. Airtel was the title sponsor of the event. It ended its sponsorship of the Champions League Twenty-20 cricket even before the three-year deal ended. For a nation that is obsessed with cricket and for a sport that dominates advertising in India, when a big sponsor like Airtel backs out, is it an indication that things are changing? Is cricket facing boredom? Is there oversaturation of cricket? Perhaps. Think about it, Neo Sports, the official broadcaster of the India-West Indies series gave a 40-60% discount for a 10 second ad spot; add to that the falling viewership rating of the sport and you have your answer. Today, advertisers are looking for big sports properties other than cricket. Agreed, cricket was and will remain a religion in India, but the youth wants something more, and F1 is the sport that’s fashionable to follow and appeals to the young and restless. In spite of initial scepticism, the inaugural Formula One race was a success. To the surprise of many, the 3-day event drew a crowd of 95,000 spectators on race day.

Friday, October 7, 2011

TO SELL YOUR PRODUCT, GO TO THE MOVIES!

Last month, a beautiful film named Dolphin Tale hit the theatres. Based on a true story, it’s a ‘tale’ about a dolphin without a ‘tail’. It’s the story about a young boy’s efforts to convince scientists to create a prosthetic tail for this dolphin named Winter , whose tail had got amputated. In doing so, he not just changes the life of the dolphin but also of the people around him. It’s a story of grit and determination. It made the audiences cry and the producers fly high – in North America, the movie grossed $14 million from Friday to Sunday. It opened at #3 but rose to the #1 spot in the second week, something not very common.

A GOOD STORY HAS THE POWER TO CHANGE ALL BOX OFFICE RULES!

Not just is Warner Bros very happy with the performance of the film, but so is ‘Clearwater Marine Aquarium’. This is the water-park in Florida where the movie was filmed, and Clearwater cannot thank its stars enough. Even before the movie opened, visitors to the water park increased tremendously. The impact of the movie has been so great that the aquarium is now spending $12 million in expansion including a new “Dolphin Tale” exhibit. The aquarium now also has a new website and calls itself “The home of Winter”.

The dolphin’s tale of survival has worked wonders for a lot of people and a lot of brands too, apart from the Clearwater aquarium.

Friday, September 23, 2011

HEAL THE WORLD, MAKE IT A BETTER PLACE!

Early this month, Nike did something a lot of movie fans and shoe collectors were waiting for. It created the exact replica of the shoes worn by Michael J. Fox in the popular 1989 flick ‘Back to the Future’. He wore the shoes when he travelled to 2015 in the movie. 1500 shoes were put on e-bay for auction – they were sold out faster than one could imagine; the campaign has been evidently massively successful. This sneaker is getting Nike extra attention not just because of the ‘limited edition’ of the shoes but also because all the proceeds will be donated to the Michael J. Fox Foundation for Parkinson’s disease research. To top it all, Sergey Brin has pledged to match the donations made to the foundation up to the next year (to a maximum of $50 million). The shoes have been auctioned for anywhere between $3,500 to $10,000 with the British rapper Tinie Tempah even paying $37,500 for his pair! The purchase of the year did help Tinie jump into the spotlight, but this has kept Nike in the news too and for some good reasons.

Brands need to be in the news for the right things. When a brand associates itself with the right cause, it gets noticed and spoken about, and that’s where it has a chance to overtake its competitors. Hugo Boss released a campaign this month for its perfume Boss Orange. However it was not the regular ‘glamour shoot’ that most perfume advertisements are about; instead, it talked of development of schools in Madagascar. Boss Orange has donated $300,000 to the ‘Schools of Africa’ initiative and through this campaign, it hopes to help at least 60,000 pre-school children in Africa. It used celebrities Sienna Miller and Orlando Bloom to propagate the idea that ‘every child has the right to an education’ – and Boss, along with UNICEF, would help do this “Today. To Help. Together”. When Bloom was chosen as the perfume’s brand ambassador in 2010, he said he identified with Boss Orange immediately because “it had a laid back spontaneous quality,” much like he had. So while Boss and Orlando were working on giving the brand a distinct identity, associating it with a cause made it stand out.

When a brand associates itself with a cause, it changes the total image and reputation of the company. Research has proved that firms that are socially responsible are considered by consumers to have a good reputation. In a study done by British Telecom in 2002, as much as 25% of a company’s reputation was dependant on its commitment to society.

Friday, September 9, 2011

CRAZY AND LOVING IT

Early this month, the UK Daily Telegraph ran a strange story that went like this: “Domino’s Pizza has announced plans to conquer the final frontier by opening the first pizza restaurant on the moon”. As expected, the story became the most read story in the newspaper and got people talking. Some even smiled and wondered if its “free if not delivered in 30 minutes” rule would be applicable for this branch! Domino’s is known for its wacky marketing and this one got everybody talking. You need to get noticed if you want to stay on top of the consumer’s mind. There is too much of clutter and only the ones who dare to be different stand out and lead.

A few years back (1993), D.C. Comics released a comic book The Death of Superman. A character that had been a part of our lives for decades (Superman was born in 1938) would suddenly be no more – this created a ripple and the media covered it almost as seriously as if a head of state had passed away. As expected, the comic book sold out on the first day itself. Numerous other issues were released after this and eventually the company came out with another iconic issue, which was titled Return of the Superman. Just when D.C. Comics found the interest of the customers falling, it decided to get the excitement back into the brand by announcing the death of its most popular character! It worked.
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