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?