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Marketing Strategies and Campaigns
Jul 10, 2024
Marketing Strategies and Campaigns
Understanding Business Objectives
Importance of defining business objectives in marketing campaigns
Clear objectives help measure success or failure
Essential for brand managers to identify core objectives
Avoid pursuing multiple or unclear objectives
Key Concepts
Average Weight of Consumption
Definition
: The amount of a product consumed per use
Example
:
Toothpaste brand increased nozzle diameter
Increases amount used per brushing, thus increasing overall consumption
Modern Example
:
Jio's pricing plan
No mid-tier plan between ₹500 and ₹1000, pushing heavy users to higher plan, increasing data consumption
Frequency of Consumption
Definition
: How often consumers use the product
Example
:
Cadbury's strategy to increase chocolate consumption in India
Challenges due to Indian cultural preference for traditional sweets
Campaign: 'Kuch Meetha Ho Jaye' targeting dessert occasions
Penetration
Definition
: Acquiring new users who haven't used the product before
Example
:
SpiceJet campaign
Emphasizes hot meals on flights to attract new customers
Aims to convert non-users into customers
Importance of Business Objective
First and foremost task of a brand manager
Directly relates to real-world marketing success
Defines measurement criteria for campaign success
The Amazon 'Aur Dikhao' Campaign
Question posed: Is the objective average weight of consumption, frequency of consumption, or penetration?
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