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Background of Red Bull

    Quick Facts
•    Created in Australia in 1987

•    Largest Energy Drink company in terms of
     market share & volume sold

•    Products available in 162 countries

•    World renown for their advertising campaigns
      o Slogan: “Red Bull gives you wings”

•    Red Bull Offers 4 Products:
       o Red Bull
       o Red Bull Sugar-Free                                  Not Pictured: Red Bull Sugar-Free
       o Red Bull Cola
       o Red Bull Shots



                                                    1
Target Market/Competition



Target Market                                               2012 Market Share
                                                                 Rockstar   Nos Amp
Millennials aged 14 – 35 who enjoy watching or                     12%      4% 2% Fulll Throttle
                                                                                        2%
participating in action sports. Red Bull customers
are always looking for a new thrill.
                                                            Monster
Competition Comparison                                       34%
                                                                                 Red Bull
                                                                                  46%

Red Bull: 4 products, 164 countries
Monster: 30 products, 47 countries
Rock Star: 15 products, 28 countries




                                                     2
Marketing Communication


Sponsorship of Stunts and Events
Focus specifically on sponsoring extreme sporting
events
     o Red Bull Stratos
     o Red Bull Flugtag
     o X-Games

Purpose of this Communication?
Worldwide Product = Need for Global Attention

Red Bull maintains brand personality of being the
pioneer in Extreme Stunts




                                                    3
Consumer Perception – Red Bull Stratos Example


                     Consumer Exposure
                     Red Bull Stratos was exposed to over 8 million
                     people worldwide. Incorporating social
                     media, Red Bull was able to expose themselves
                     to their target market.

                     •   YouTube Live stream provides access to the
                         world

                     •   40 TV Stations, 130 digital outlets

                     •   Broke record for most views of a live event

                           http://www.youtube.com/watch?v=FHtvDA0W
                           34I




                 4
Consumer Perception – Red Bull Stratos Example


               Consumer Exposure
               Red Bull Stratos was exposed to over 8 million people
               worldwide. Incorporating social media, Red Bull was
               able to expose themselves to their target market

               Consumer Attention
               Stimulus: The actual jump, creates something interesting
               and contrasting. Millions of people received the
               stimulus.

               •   #SpaceJump trending on Twitter worldwide
               •   Not just viewing event, talking about it as well
               •   Avoided clutter with this campaign




                    5
Consumer Perception – Red Bull Stratos Example


               Consumer Exposure
               Red Bull Stratos was exposed to over 8 million people
               worldwide. Incorporating social media, Red Bull was
               able to expose themselves to their target market

               Consumer Attention
               Stimulus: The actual jump, creates something interesting
               and contrasting. Millions of people received the
               stimulus.

               Consumer Interpretation
               Red Bull stays consistent with their brand personality &
               slogan.

               From a semiotic perspective:
               • Object: Red Bull
               • Sign: Felix’s 24 mile jump from space
               • Interpretatation: Red Bull supports an adventurous
                  life style
                    6
Consumer Learning


Classical Conditioning
•   UCS vs CR
•   Stimulus & Response


Live Campaign
•   Extreme stunts

Viewers
•   8 Million viewers for Red Bull Stratos


Risk Associated with Communication
•   Vertical market
•   Product sales




                                             7
Consumer Learning


Classical Vicarious Learning (Knowledge through observation
•   Attention
•   Retention


Observe Extreme Stunts and see End Results
•   Production
•   Motivation
Cognitive Learning (Knowledge through perception)
•   Observe (power)
•   Symbol




                                             8
Consumer Attitude


Guerilla Marketing Tactics
Please create a short statement explaining relevance

Grabs the Attention of Target Users
Please create a short statement explaining relevance

Relating brand to the customer
Red Bull sends the message to consumers that we are
one of you; Not just sending purchase function
message?


Subtle Branding
Everyman theme, engagement, engagement with
audience, high production quality without overproduced
look - Please reword or explain better




                                                   9
Consumer Attitude


Katz’s Attitude Functions
Didn’t really understand, will let you fill this in




Altered Door-in-the-face Technique
Red Bull shows consumers the extremes of what one can
do. By doing so, they encourage target consumers to
live in their own exhilarating way




                                                      10
Consumer Attitude


Tri-Component Attitude Model                 Elaboration Likelihood Model

Affective Component: Emotions that           Peripheral Route: Source expertise; Quick
amplify or enhance experiences               persuasion without much though

Conative Component: Tendency of
consumer to behave in a particular
way. Causes the intention to purchase




                                        11
Conclusion


“Red Bull gives you wings”                           Red Bull Remains #1 because…

•   Extreme stunts/sports are the perfect fit        Consumer Perception: Red Bull keeps
    for Red Bull                                     their message consistent

•   By sponsoring & hosting these extreme            Consumer Learning: Red Bull keeps their
    stunts, Red Bull backs their slogan              consumers involved before, during, and
                                                     after stunts occur
•   Red Bull innovates new ways to maintain
    their Brand Personality                          Consumer Attitude: Shows consumers
                                                     that they too can be adventurous




                                                12

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Red bull ppt

  • 1. Background of Red Bull Quick Facts • Created in Australia in 1987 • Largest Energy Drink company in terms of market share & volume sold • Products available in 162 countries • World renown for their advertising campaigns o Slogan: “Red Bull gives you wings” • Red Bull Offers 4 Products: o Red Bull o Red Bull Sugar-Free Not Pictured: Red Bull Sugar-Free o Red Bull Cola o Red Bull Shots 1
  • 2. Target Market/Competition Target Market 2012 Market Share Rockstar Nos Amp Millennials aged 14 – 35 who enjoy watching or 12% 4% 2% Fulll Throttle 2% participating in action sports. Red Bull customers are always looking for a new thrill. Monster Competition Comparison 34% Red Bull 46% Red Bull: 4 products, 164 countries Monster: 30 products, 47 countries Rock Star: 15 products, 28 countries 2
  • 3. Marketing Communication Sponsorship of Stunts and Events Focus specifically on sponsoring extreme sporting events o Red Bull Stratos o Red Bull Flugtag o X-Games Purpose of this Communication? Worldwide Product = Need for Global Attention Red Bull maintains brand personality of being the pioneer in Extreme Stunts 3
  • 4. Consumer Perception – Red Bull Stratos Example Consumer Exposure Red Bull Stratos was exposed to over 8 million people worldwide. Incorporating social media, Red Bull was able to expose themselves to their target market. • YouTube Live stream provides access to the world • 40 TV Stations, 130 digital outlets • Broke record for most views of a live event http://www.youtube.com/watch?v=FHtvDA0W 34I 4
  • 5. Consumer Perception – Red Bull Stratos Example Consumer Exposure Red Bull Stratos was exposed to over 8 million people worldwide. Incorporating social media, Red Bull was able to expose themselves to their target market Consumer Attention Stimulus: The actual jump, creates something interesting and contrasting. Millions of people received the stimulus. • #SpaceJump trending on Twitter worldwide • Not just viewing event, talking about it as well • Avoided clutter with this campaign 5
  • 6. Consumer Perception – Red Bull Stratos Example Consumer Exposure Red Bull Stratos was exposed to over 8 million people worldwide. Incorporating social media, Red Bull was able to expose themselves to their target market Consumer Attention Stimulus: The actual jump, creates something interesting and contrasting. Millions of people received the stimulus. Consumer Interpretation Red Bull stays consistent with their brand personality & slogan. From a semiotic perspective: • Object: Red Bull • Sign: Felix’s 24 mile jump from space • Interpretatation: Red Bull supports an adventurous life style 6
  • 7. Consumer Learning Classical Conditioning • UCS vs CR • Stimulus & Response Live Campaign • Extreme stunts Viewers • 8 Million viewers for Red Bull Stratos Risk Associated with Communication • Vertical market • Product sales 7
  • 8. Consumer Learning Classical Vicarious Learning (Knowledge through observation • Attention • Retention Observe Extreme Stunts and see End Results • Production • Motivation Cognitive Learning (Knowledge through perception) • Observe (power) • Symbol 8
  • 9. Consumer Attitude Guerilla Marketing Tactics Please create a short statement explaining relevance Grabs the Attention of Target Users Please create a short statement explaining relevance Relating brand to the customer Red Bull sends the message to consumers that we are one of you; Not just sending purchase function message? Subtle Branding Everyman theme, engagement, engagement with audience, high production quality without overproduced look - Please reword or explain better 9
  • 10. Consumer Attitude Katz’s Attitude Functions Didn’t really understand, will let you fill this in Altered Door-in-the-face Technique Red Bull shows consumers the extremes of what one can do. By doing so, they encourage target consumers to live in their own exhilarating way 10
  • 11. Consumer Attitude Tri-Component Attitude Model Elaboration Likelihood Model Affective Component: Emotions that Peripheral Route: Source expertise; Quick amplify or enhance experiences persuasion without much though Conative Component: Tendency of consumer to behave in a particular way. Causes the intention to purchase 11
  • 12. Conclusion “Red Bull gives you wings” Red Bull Remains #1 because… • Extreme stunts/sports are the perfect fit Consumer Perception: Red Bull keeps for Red Bull their message consistent • By sponsoring & hosting these extreme Consumer Learning: Red Bull keeps their stunts, Red Bull backs their slogan consumers involved before, during, and after stunts occur • Red Bull innovates new ways to maintain their Brand Personality Consumer Attitude: Shows consumers that they too can be adventurous 12

Editor's Notes

  1. Already the leader in profit, now they need to just keep their personality consistent