Online marketing : The Red Bull case
Content
Introduction
A closer look at Red Bull’s strategy
Red Bull’s customer base
Red Bull’s strategy
Red Bull marketing strategy
Red Bull’s online marketing
Leveraging the use of Internet and social media
When Red Bull tends to cross the line
How get Red Bull become even better?
Appendices
Bibliography
Introduction : short review of Red Bull’s history 1
While travelling in Asia, the autrian business man and former marketing manager of Procter & Gamble Dietrich Mateschitz discovered the “tonic drinks” used by truck drivers and factory workers to stay awake and alert during their shifts. He immediately saw an opportunity to market those functionnal
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The company underwrites a number of extreme sports competitions and sponsors about three dozen athletes from alternative sports.
In the antithesis of any major 's marketing plan, Red Bull buys traditional advertising last. Only when a market is deemed mature does the company begin a media push. The idea is to reinforce, not introduce, the brand. "Media is not a tool that we use to establish the market," said vp-marketing David Rohdy. "It is a critical part. It 's just later in the development."
Red Bull’s marketing strategy
Contrary to traditional advertising practice, Red bull only advertises after it believes a local market is maturing. Instead of traditional advertising, Red Bull relied on a strategy of word-of-mouth or “buzz” marketing. Red Bull focused on creating a buzz through various stealth marketing techniques, playing on associations with energy, danger and youth culture, carefully cultivating its mystique image.
Mateschitz invested 35% of turnover in marketing and sponsorship in events. In his words, “we don’t bring the product to the people, we bring people to the product. We make it available and those who love our style come to us,” adding, “Red Bull isn’t a drink, it’s a way of life.”
The above the line communication: Red Bull gives you wings.
The aim of their advertising campaigns is to reflect
Initially the Red Bull’s slogan was “Red Bull gives you wings”. Later on as the taste changed with the change of its ingredients. Earlier it was an energy drink and later it was functional energy drink. Mateschitz devised the brand positioning that Red Bull “Revitalizes Body and Mind” This phrase conveyed the tangible benefit of the product in an easy grasping manner. It meant that Red Bull can be drunk any time whether it was morning, noon, or night. Thus Red Bulls consumption was not limited to any occasion or activities.
Red Bull is the pioneer in the energy drink category worldwide. Founded in 1984 by Dietrich Mateschitz in Austria, the product was formally launched in 1987. Mateschitz originally became aware of products called “tonic drinks”, which enjoyed wide popularity in Asia. He brought this effective product in Austria and developed a unique marketing strategy. The drink mainly targets young students and urban professionals. It is exclusively produced in Austria and then distributed around the world via a network of local subsidiaries and external importers and distributors.
The current objectives of the Red Bull are to stay in the same position as the leader, to be the brand icon of the extreme sports and to expand the existing markets. Red Bull has used some strategies to reach these goals, such as extending the product line and being the extreme activities sponsorship.
In today's world, the name Red Bull and the slogan "Red Bull Gives You Wings has been inscribed into the minds of consumers around the globe. The popular energy drink, which seems to have sky-rocketed in US as well as world-wide sales is no miracle drug, although it does seem that way by the overflowing demand. Known to many as a coffee substitute, Red Bull is able to give its buyers that extra push or burst of energy to keep their day going due to its increased amounts of caffeine, without the nasty aftertaste of coffee. No doubt its marketing strategies have made a massive impact on its increased sales, but at its start, it is no lie to call Red Bull a self-made success. In a time where everyone is
This report was written to assess the company Red Bull and their energy drink Red Bull Energy Drink, in a manner in which the market/industry, environment, competitors, customers, and the brand were all analysed by using secondary research. A SWOT analysis was also conducted. Through this research and analysing, it was found that Red Bull is the dominating leader in the energy drink market and sells the most units of its product worldwide. However the company does have close competitors in Monster Energy Drink and Rock star Energy Drink. Although Red Bull has massive internal strengths in being leader in the market share and sponsorship of events, it also has weaknesses in lack of innovation and diversity. Their
Julia awoke, stretched out on a bed. She was not confined, but she felt no desire to move, torpidness had taken over her body hours before. While she did not know how long it had been since she had last eaten, the feeling of emaciation weighed her down. Her throat ached and there was a bright light that forced her to close her eyes. Julia felt the urge to scream, but knew that to do so would admit defeat and to surrender the small amount of power she still had.
The company is able to continually satisfy the needs of the market, arousing the customer with exciting new promotions and events which challenge the limits of human belief. For example, the Red Bull sponsored BMX events where the riders are attempting and completing unseen tricks and ‘death defying’ acts on a weekly basis.
Red Bull has been able to create and sustain a competitive advantage in the sports drink industry by setting a goal and expanding from it. Red Bull was launched in hopes of capitalizing on extreme sports such as snowboarding and
3. What is the Brand in the Hand concept? What does this mean to adidas and its branding efforts? It is one way to do the marketing communications. It means that company and product information can be easily delivered to people in their hands whenever and wherever possible. The media can be mobile devices, video games and the Internet. In such a way, brand awareness can be raised faster than traditional marketing communications. In the past, advertising and branding models were based primarily on 30-second commercials and magazine ads. Adidas traditionally advertised on TV and magazines as well as at sporting events and sponsor sports teams and players. But these events attract few new customers. On the other hand, increased advertisements intruding in the people’s lives made them hostile to ads and therefore more difficult for adidas to make effective advertising through the traditional way. Without moving
Red Bull has a large market share in the energy drink market and it is one of the most popular energy drinks in the world, this may help us to increase the demand for the product and maybe develop a new product within the same brand.
Their slogans, “Red Bull Gives You Wings” and “No Red Bull, No Wings” have also proven to be a staple in their brand presentation for many years (Red Bull). While Red Bull is still dominating the industry, they may have some untapped resources in their marketing strategy and product presentation. While the brand is known throughout society they have the ability to reach a larger audience without losing the identity that the brand was built on. In the United States specifically, Red Bull could appeal to American athletes and consumers by sponsoring well-known athletes outside the extreme sports industry.
I was born and raised here, in Flint Michigan, and grew up in a middle class home. Both parents had degrees and both parents worked; my mother’s career in healthcare and father was skilled trades at General Motors. Growing up, the language that I was exposed to for most of my adolescence was what I would consider Standard English. My parents occasionally enforced some grammar rules when we spoke, but more to reinforce the idea that speaking properly to an individual showed respect
Market share and strategy - RedBull had dominated the market of energy drinks all over the world. Its main mission is to provide an energy drink made with natural ingredients which provide energy to man, women or children in their day to day life. It provides instant energy which helps college students or working people to maintain their energy and keep doing their work with full enthusiastic way.The Red Bull brand had created a great impact on the mind of its customers by its product results and pricing strategies which make it a larger energy drink on the market.("The Top 15 Energy Drink Brands.")
To determine the distribution of fat and oil, flavonoid and tannins in bio-oil by using analytical method.
After seeing the success that Red Bull has got in the energy drinks market, new brands are entering this market. Hence, it is essential for Red Bull to make certain changes in its marketing, production and