Tag: guerilla marketing

  • Top Holi Promotional/Marketing Strategies and Ideas to Sell Your Product Easily

    Festive seasons are always the best time to promote your products. There is a huge potential to increase the sale of your products and services by reaching new customers on such occasions.

    Holi is defined as the festival of colors, which signifies the end of winter and the start of the season of blossoms. This particular festival is steeped in the Hindu tradition and resonates beautifully with the people of India. Along with bringing happiness to individuals, Holi, as a festival, also has the potential to usher in prosperity for businesses.

    If you are wondering about marketing your brand during Holi, then here are some of the best marketing strategies that you can use to promote your products and services during the festival of colors.

    1. Social Media Posts
    2. Discounts and offers
    3. Sale Days
    4. Customized products
    5. Campaigns
    6. Collaboration Initiatives
    7. Expanding the Network
    8. Guerilla Marketing
    9. Referral Campaigns
    10. Holi-themed Product Launches
    11. Campaigns through User-generated Content
    12. Other Strategies

    Social Media Posts

    You can create a social media post or a Holi social media campaigns as a marketing strategy for Holi. You can create an image or a video where your product or service is advertised through the Holi theme. It can mainly include something related to colors. You can create any post with the theme colours for the Holi social media posts.

    You should ensure it is creative and related to your product or service. Creative posts catch the audience’s attention, which will help you increase the brand value of your product or service.

    Social media is the best medium to market your products, as most of them use it. It is also one of the cheapest forms of promotion. 61% of Indian consumers have said that they make their buying decisions through social media posts, according to a report by Economic Times.


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    Discounts and offers

    Providing discounts and offers during the festivals gives your customers a reason to buy the product. Always try reaching a lot of people through promotions and word of mouth. Discounts during the festivals will increase your sales and make the customers happy.

    Discounts and services will motivate your customers to use the products or services and purchase them.

    86% of Indian consumers look forward to shopping during the festival season, according to a report, which further multiplies the chances of sales and with lucrative discounts and never-seen-before offers, they simply cannot miss the chance to shop their favourite products during this time.

    Sale Days

    If you have an e-commerce website, then you can bring in Sale days for the festive seasons. You can provide offers on a certain set of products for some days during the festive season.

    As per the report mentioned earlier, 86% prefer shopping during the festive season, out of which 57% prefer shopping through e-commerce websites. You can use social media posts to promote discounts and offers.

    Customized products

    You can try customizing your product according to the Holi theme. This will increase your sales and will also act as a marketing strategy for your brand.

    Consumers would prefer gifting their friends and families with customized gifts that are unique. The total size of the gifting market in India is 250,000 crore and is expected to grow by over 200%, according to Technopark, which is India’s leading.
    Management consulting firm.

    However, customized gifts are time-consuming and would increase the cost of production. If you have a small business, then you can provide a small Holi basket for different price ranges.


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    Campaigns

    You can start different marketing campaigns during Holi. It can be online through social media or through offline events. Try relating it to the theme of Holi. You can set a specific goal and try to achieve it by promoting the campaigns through a single mode or through different modes.

    Campaigns are mostly promoted through taglines. The Holi sale taglines will help consumers remember your product and, thereby, increase overall brand awareness. Furthermore, the Holi taglines are really something that most marketers, brands, startups, entrepreneurs, and others cannot simply miss out on!

    Social media campaigns’ goals are mostly concentrated on getting feedback from consumers, increasing the traffic on your websites, and building email marketing lists, which would help drive your sales directly.

    Offline campaigns can include billboard posters, guerilla marketing, print ads, etc. These are mostly for the bigger business. If you have a smaller business, you can prefer social media campaigns. But ensure that you stick to the theme of Holi and colours. For Holi digital marketing, brands can use user-generated content, influencer partnerships, vibrant visuals, and limited-time promotions to create an engaging and festive campaign that resonates with customers.

    Holi Marketing Campaign by TVS Motor Company

    Collaboration Initiatives

    Collaboration initiatives, also known as partnering marketing, involve working together with other brands and artists to increase your brand’s visibility in the market. This strengthens your presence and enhances your market expansion processes.

    During the Holi season, which is known for its colourful celebrations of dance, music, and more, you have many opportunities to collaborate with different artists, such as painters, musicians, dancers, and more. This can create an arresting presence that generates curiosity and buzz for your brand among your audience. It can also showcase the culture and richness behind your idea. Additionally, you can choose to collaborate with NGOs and showcase the goodness of your brand in contributing to community development.


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    Expanding the Network

    Expanding your network is crucial for a successful campaign. Contacts play a significant role in this regard. There are different ways to increase your reach, such as email marketing, trade shows, exhibitions, hosting events, and engaging on social media. The Holi season offers various opportunities to boost your contacts. You can attend fairs, flea markets, and trade exhibitions, introduce your products, and make people aware of your brand. By leveraging these opportunities, you can expand your horizons.

    Guerilla Marketing

    Guerrilla marketing is a smart advertising and marketing technique that allows brands to promote their product or service through unique and unconventional methods. The best part is that it doesn’t require a huge budget, just creativity and intelligence to execute. The main goal is to quickly capture the attention of your audience, creating a reaction that generates greater revenue for your brand. When done correctly, guerrilla marketing can reduce marketing costs by up to 90%. Research shows that 57% of customers believe it to be an effective tactic, and 42% of millennials agree that it influences their purchasing decisions.

    Referral Campaigns

    Referral campaigns are highly popular among new businesses as they strive for exponential growth. Research shows that as many as 86% of B2B buyers rely on the power of word-of-mouth to make purchase decisions. By leveraging referral campaigns, you can build strong relationships with your existing customers and enable them to promote your brand through word-of-mouth marketing techniques, thus expanding your market reach. With Holi around the corner, you can gain even greater traction.

    One of the Holi campaign ideas to consider is organizing a referral program where customers are incentivized to refer their family and friends in exchange for exclusive discounts or rewards. According to studies, nearly 92% of customers trust referrals from their family and friends over other forms of advertising. Such campaigns not only capitalize on the festive spirit but also harness the power of trusted recommendations to bolster brand visibility and credibility.


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    Holi-themed Product Launches

    Holi presents a great opportunity for brands to introduce new products or services that are relevant to the holiday. For example, a cosmetic brand can launch a range of makeup products with Holi-inspired themes, while a food brand can introduce a new line of Holi sweets and snacks. This not only creates excitement and interest around the brand but also positions it as being in sync with the festive spirit.

    Campaigns through User-generated Content

    Holi is a time for families and friends to come together and celebrate. Businesses can use this to connect with their customers by creating marketing campaigns that include user-generated content (UGC). Brands can ask their followers to share their Holi moments, photos, and videos as part of the campaign. This helps increase interaction and makes the brand feel more relatable. It also makes customers feel recognized and valued.

    UGC leads to 29% higher conversion rates than other marketing methods. Also, 70% of brands believe that UGC helps them build stronger connections with their customers on social media.

    Other Strategies

    You can choose other strategies according to your budget, including traditional TV or newspaper advertisements; you can partner with new movie releases and organize some promotional events with them, as a wide range of superhit movies will be released during the festive seasons. This can increase sales and improve your brand name.

    You can become a sponsor for certain events happening in and around the country. However, the events this year would be less crowded compared to previous years due to the Covid-19 restrictions.

    Moreover, you can create some Holi-themed competitions and provide attractive prizes for the winners. Through this, you can increase the promotion of your brand and create awareness about your brand.

    Through competitions, you can even collect information and contact details of your customers. This will help you promote your products and offers in the future. You can also follow up with them.

    Conclusion

    These are some marketing strategies that your business can use this Holi. These marketing strategies will leave a mark on your brand in the customers’ minds. They can create a lasting impression on both customers and your investors. However, always remember that a unique advertisement/campaign built on a strong value always wins the game. So, start preparing your marketing campaign as early as possible to seize your day!

    FAQs

    What is Holi?

    Holi is the Indian festival of colours, which signifies the start of spring, the season of blossoms after the mournful, lack-lustre winter days.

    What is Holi marketing?

    Marketing is always important for your brand, and Holi is one such festival full of happiness and colours that fuel a good deal of marketing, too. Therefore, Holi marketing is something that you should not be missing out on if you are an entrepreneur, an owner of a brand, or a marketer at one of them.

    What are Holi taglines, and why are they important for marketing?

    Holi taglines are short, attractive one-liners used for marketing during the Holi festival. These Holi taglines etch the brand image and are filled with all the colours of the festival, which plays an important role in brand marketing.

    Why should you create Holi social media posts?

    Social media plays a crucial role in today’s marketing landscape. So, social media platforms are often used for marketing a brand, where marketers create unique, creative social media posts during festivals like Holi to attract their customers. The Holi social media posts can be used for the basic promotion of the brand and its products, as well as to promote discounts and offers or the launch of something new for a particular brand.

    What are the best Holi promotional ideas or Holi advertisement ideas?

    If you are wondering about some of the best Holi promotional ideas, then here are some of them you can check out:

    • Social media posts – You can always use unique social media posts to attract your customers and inform them about the new launches, offers, and discounts.
    • Offers and discounts – Product discounts are something that you can certainly bring in during Holi. While the customers have a huge propensity to buy during these festivals, exclusive offers and discounts can win their hearts and increase your brand sales.
    • Sale – Festival Sale is becoming a rage these days. If you are in doubt regarding the best Holi promotional ideas, launching a Holi Sale is a foolproof idea!
    • Advertisements on television and online
    • Distributing customized products for Holi
    • Launching Holi campaigns

    Which are the creative Holi taglines that the brands have used?

    • “Add a splash of colour to your beauty routine this Holi!” – Cosmetic Brand
    • “Indulge in the sweetness of Holi with our delectable treats!” – Food Brand

    Which are the best Holi business ideas?

    • Launching a line of Holi-themed cosmetics or skincare products.
    • Creating a range of Holi-inspired sweets and snacks for the festive season.
  • Times Square: How much is it cost to Advertise at the Biggest Advertising Hub?

    Marketing is one of the most important factors for any kind of brand. If they want the existence of their brand to be known, the marketing of that brand has to be done right. Advertising is one of the main parts of marketing. When you advertise, the audience starts knowing about your brand and it creates a demand for your product or services amongst your potential buyer. When we talk about advertising, billboards are one of the main aspects of them, and when it comes to Billboards what is better than Times Square?

    In this article, we will talk about the biggest advertising hub in the world and will decode how it has contributed to the success of so many brands. So, let’s not wait anymore and get started with the business.

    “It’s pretty cliched, but Times Square is just incredible. You really feel like you’re in the capital of the world.”

    -Timothy F. Cahill

    What is Times Square?
    History of Times Square
    Why Times Square Ads Are So Famous
    Top 5 Most Creative Advertising in Times Square
    Brands That Advertise in Times Square
    How Much Does it Cost to Advertise in Times Square?

    What is Times Square?

    Times Square
    Times Square

    To be honest, there is hardly anyone who doesn’t know what Times Square is. It is a tourist destination located in the neighbourhood of midtown Manhattan in New York City. Not to forget, it is an entertainment centre and a vital commercial intersection that is filled with billboards and advertisements.

    As it is one of the busiest areas and over 360,000 people pass through this place daily, advertising here is one of the best if not the best option for brands. It is also said to be the most visited tourist place and it welcomes over 50 million people every year. This place deserves to be called the advertising Mecca because of its location and all the other reasons; this is also a place where billboards are the most expensive ones that are out there.

    History of Times Square

    Old Times Square
    Old Times Square

    Now that we know, what Times Square is, let us unravel its history and how it came into existence. The 42nd Street at Longacre Square was renamed Times Square in 1904 and just three weeks later the first electric advertisement was put on there. The whole area is not only filled with advertisement boards that are larger than lives but it also is home to multiple theatres and restaurants.

    During World War I, theatres were moved down to Times Square from other entertainment districts. Before Times Square became the area that we know, it was a place where crimes were quite common but now different and new technologies are used to make the advertisement more eye-catching and grand.

    Why Times Square Ads Are So Famous

    Some of the benefits one gets from advertising in Times Square are:

    • When you advertise your brand in a Billboard located in Times Square, and then naturally it means that you’ve made it to a place where you’re able to afford it, it leaves out the status of your brand.
    • In a day over 360,000 people pass through it, so the chance of your brand not getting noticed is minimal to none.
    • It also helps in building brand awareness.
    • Static billboards are easy to spot for people who are continuously on the move.
    • Digital Billboards uses technology to influence people’s decision to buy product or services.
    • Every kind of person can see the advertisement here, whenever they cross that place so your brand gets recognized by every sector of society.

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    Top 5 Most Creative Advertising in Times Square

    Thousands of advertisements can be seen in Times Square but there are some creative and grand ones and they are down below:

    American Eagle

    This American clothing mostly focuses on kids and teenagers. So when they launched a new collection they decided to place the ad on Times Square, the ad consisted of kids visiting Times Square who started dancing and having a blast on the roads of Times Square. This generates a lot of attention as it involves involving and engaging its audience and this includes kids who happily advertised for them.

    HP

    One of the well-known technology companies HP came up with a jaw-dropping advertisement, it was so huge that it took up to 10 billboard screens to place the ad. The ad consist of Serena Williams challenging a robot and the fight continues on all the screens, it was no less than a movie.

    Toyota

    The company for their new car model Prius model hosted a drawing competition where they ask people to pull out their iPhones and submit their drawings and those can be seen on the billboard for other people to see. This was a great idea to engage with the audience and make them involved in the advertisement.

    Domino’s

    One of the most loved Pizza brands, Domino’s took a risk by creating an advertisement that consists of real reviews that are given by their customers and displayed in Times Square in front of everyone. It was a brilliant advertisement not to forget risky as well. This showed how the brand is not afraid of criticism and how it is so transparent towards the general audience.

    Mini Cooper

    Mini Cooper in Times Square
    Mini Cooper in Times Square

    This brand of car from Mini Cooper created a unique advertisement by developing and placing small cars beside the billboard and showing their new models to the general audience. Attaching a car next to a billboard on the side of a massive skyscraper, created quite a hype.

    Brands That Advertise in Times Square

    There is hardly any well-known brand that has not been advertised in Times Square. From launching new music or films by the entertainment houses to launching new models of cars and a collection of clothes from luxury brands everything can be found here. Some big brands like Chanel, Hyundai, Samsung, and others. The brands launched new campaigns and they can be seen here as well. Even birthday ads of celebrities are also grace here.

    How Much Does it Cost to Advertise in Times Square?

    It depends on different factors, that as the length of the advertisement, the type of the advertisement, and the number of props needed. The cost can be between $5000 to $50,000 per day.


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    Conclusion

    Times Square is one of the biggest hubs of advertising, for any brand that wants to reach out to a large number of people, it is the best option to put up their advertisement on one of the billboards of Times Square. With technology, it is improving day by day and it looks like the hype for Times Square is here for the long run.

    FAQs

    Why is Times Square famous?

    Times Square is the busiest pedestrian area and is one of the world’s most visited tourist attractions. It is famous for loads of theatres and is the centre of the major entertainment industry.

    How did Times Square get its name?

    It is called Times Square when The New York Times took up its headquarters place in the building.

    How much does it cost to advertise in Times Square?

    It costs approximately $5000 to $50000 to put up an advertisement in Times Square.

    How to get a billboard in Times Square?

    You can book your slot by visiting Times Square’s official website. Pick a date, upload a photo, and complete the process by making the payment.

  • How to Level Up A Cosmetic Startup? – 9 Best Marketing Hacks

    The Cosmetics Industry is no longer what it used to be. It is constantly developing & changing itself to fit the expectations of its customers. The increased awareness of people regarding beauty products has forced the cosmetic brands of today to be more inclined towards using organic, cruelty-free & natural ingredients in their products.

    Moreover, it is believed that by 2027, this industry is projected to reach $463.5 Billion. Insane isn’t it? It is no surprise that this billion-dollar industry is very lucrative & requires technological advancements. The cosmetic industry is very dynamic & competitive. You definitely need to lace up & adopt marketing strategies that differentiate you from the crowd. Your marketing strategy should give your startup an edge over your competitors. If that’s what you are looking for, then you are going to love this. Happy reading!

    Personal Branding
    Content Marketing
    Collaborations
    Influencers
    Referral Marketing
    Affiliate Marketing
    Guerilla Marketing
    Packaging
    Trends

    Personal Branding

    A good & positive Personal Branding can benefit & add a new resource to your marketing strategy. It can bring in extra PR. When you started this startup, you might be filled with so many dreams & aspirations, why hesitate to spread the word about it? You can write blog posts pouring out all your expertise about cosmetics, and tell your story on social media platforms like LinkedIn, Facebook & Instagram. When you share your knowledge about your field, you position yourself as an authority in your niche in the long run. Moreover, this can also help you build and maintain good connections with other influential people in the cosmetics niche.


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    Content Marketing

    You need solid Content Marketing to promote your business. The content should be relatable & engaging, at the same time, it should be creative enough to grab attention. Consider creating a ‘how-to‘ or ‘DIY skincare routine‘, or just build a newsletter that is subscribed by your potential customers. You can use this subscriber list to send out interesting content about your industry as well as promotions, coupons & discounts to your potential and loyal customers. Not just written, but video content is a great way to gain engagement & increase brand awareness. However, with the decreasing attention of people, make sure your videos are short & crisp.

    Collaborations

    In the present times, entrepreneurs are realizing the power of Cooperation and Collaboration and are using it to the fullest. Collaborating with salons, spas, hotels, and other beauty and fashion companies will not only boost your sales but will also increase your brand awareness, and build trust & credibility among your target audience. These collaborations mutually benefit both parties, and this is portrayed by one of the trendiest collaborations of all time – NYX Professional Makeup x Netflix ‘La Casa de Papel’ (Money Heist). The renowned makeup brand went all out, from getting content creators to creating different looks to even changing their profile picture. The collaboration of these two fandoms was all over Instagram. Additionally, this collection was available exclusively on Nykaa in India.

    Influencers

    Now that we are talking about Instagram, we definitely can’t skip Influencer Marketing. This is an amazing strategy used by businesses of all sizes. From big multinational companies to small businesses and even startups collaborate with influencers in their niche & reap the benefits. Influencers, especially micro-influencers, have built a community of people who trust them, and your chances of getting more sales & brand awareness increase. In the cosmetics niche, make-up artists & other beauty influencers would be the right fit for you. But before getting into business with them, you must analyze important data about them. You can analyze the potential, influence, followers, and engagement of the influencer of your choice on Social Media.

    Referral Marketing

    Referral Marketing is a very strategic marketing tactic that is adopted by different kinds of businesses. In these marketing campaigns, you reward the customer for referring or spreading the word about your startup to others. Consider this as a win-win situation both for you & your customer because the customer gets the reward & you get the word-of-mouth advertising. Not just this, this type of marketing is considered to be the most influential form of marketing. Don’t worry! The rewards do not have to bankrupt you. They could be in the form of points, discounts, coupon codes, & similar benefits. You can use your creativity & curate interesting & engaging offers for your customer which encourages them to refer your startup to others.

    Affiliate Marketing

    Affiliate Marketing is the process by which an affiliate earns a small commission in return for marketing a product/service for your startup. The sales made by an affiliate can be tracked through their affiliate links. You can even include influencers in your affiliate program where the influencers are provided with a special code & they get a small commission for every sale you get through their code. You can also include an affiliate program on your website where anyone can sign up for your affiliate program & earn a small commission by bringing sales to your startup. This small commission motivates the affiliates to drive more & more sales, thereby increasing your sales as well as marketing your startup.

    Guerilla Marketing

    In simple words, Guerilla Marketing is presenting yourself in a way that differentiates you from the crowd. This requires not much money, but a lot of creativity in order to benefit from this type of marketing. Among other things, something that you must consider is the strategic selection of the location. Many brands have resorted to creative guerilla marketing tactics for their business. From graffiti & chalk arts on walls to billboards, guerilla marketing has no limitations. You can even use your wit & outsmart your competitors.

    Packaging

    Your Packaging has a big hand in influencing the buying decision of the customer & also helps you make a lasting impression on the buyer. Make your packaging very creative, attractive, unique & catchy. Your packaging should differentiate you from your competitors & should represent your startup. Keeping this aside, your packaging should also be budget-friendly. Being a startup you might not have many funds available for expensive packaging, however, there are many cheap yet classy packaging options out there. Last but not the least, since it is a cosmetics startup that we’re referring to here, the packaging of your product should be such that it is very convenient to use for the customer.

    In this era, if you are not keeping up with the latest Trends, you are surely missing out on a chunk of deals. You have to be well informed about the latest happenings in the cosmetics industry. Keep a track of what are people searching for as well as, spending the most money on. Customization & Personalisation are two such trends that are gaining a lot of popularity right now. The best way to retain & gain new customers is to give them what they want. Make sure you research the latest trends & adapt them to your business. Use your creativity to satisfy the consumers by meeting up to their expectations and giving them exactly what they were looking for.


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    Conclusion

    If you are planning to make a mark in the cosmetics industry, you have to consider a combination of both online & offline marketing strategies. You will constantly face challenges & you will have to prove why your products are worth a try. A competitive industry like cosmetics includes all kinds of big & small players, new products are being launched every other day. Thus, you have to think out of the box & give your customers a reason to shop from your store. Nevertheless, running a startup is definitely not an easy task & we hope these strategies help you in getting to where you want to. Good luck!

    FAQs

    What are the new changes in the cosmetic industry?

    Cosmetic brands of today are more inclined towards using organic, cruelty-free & natural ingredients in their products.

    What is the estimated net worth of this industry in the future?

    It is believed that in the next 5 years, by 2027, the cosmetic industry is projected to reach $463.5 Billion.

    What are some of the best marketing strategies to follow?

    Content Marketing, Referral Marketing, Affiliate Marketing, and Guerilla Marketing are some of the best marketing strategies to follow in the cosmetics industry.

  • What is Experiential Marketing? A Strategy With a Long-Term Impact

    Remember the first time a baby held your finger with the whole of their hand? Or smelling your favourite flower? Take the intoxicating fragrance of lilies, or perhaps the sweet smell of a rose. How about the sour candies? The shooting, tingling sensations they send in your mouth. A trip to a fare and sitting on the Ferris wheel? And feeling on top of the world, the adrenaline rush when it goes down?

    The feeling is difficult to shake off and forget, isn’t it? You will never forget the impact these experiences have on your memory. We are going to talk about something similar to that used by brands to leave an impression on consumers minds, experiential marketing.

    Introduction and History of Experiential Marketing
    Benefits of Experiential Marketing
    Goals of Experiential Marketing
    What Counts as Experiential Marketing?
    Examples of Experiential Marketing
    Things You Should Know Before Implementing Experiential Marketing
    FAQ

    Introduction and History of Experiential Marketing

    Experiential marketing is also called engagement marketing, live marketing, or participation marketing. Experiential marketing is a lot about how you connect & build connections with your customers. Develop immersive experiences in the offline world to engage the audience with your brand.

    Two companies Wrigley’s and Cracker Jack are credited with creating experiential marketing in the early 20th century. In Chicago World’s Fair back in 1893. Even though experiential marketing is sometimes similar to guerrilla marketing, event marketing, and even influencer marketing. However, it is not any of these. Although elements of those above might have been incorporated into the experiential marketing strategy itself.‌‌

    Benefits of Experiential Marketing

    Of course, there are a hundred different ways to market your products and services and get your message across. In cultivating business opportunities, experiential marketing achieves two goals with one arrow. When you utilize experiential marketing, you showcase the features and benefits of your products and services, as well as leave a lasting impression on your customers.

    Experiential marketing employs different tactics to immerse your consumers with your product, services, or your brand while fostering emotional connections with them. This results in high brand recall/recognition, customer loyalty, and increased goodwill for the brand.‌‌

    There is Two-way communication

    Unlike other marketing techniques, you may send an email, use social media, or make a TVC (television commercial), to sell your product/ service. Note that it merely involves you sending your message across to achieve your goal, but it does not allow your target audience to engage or interact with your brand. Experiential marketing creates that space for them.‌‌

    It Leaves Every Person with a Different Kind of Experience

    For example, let us assume a company that manufactures cars is offering a test drive around a specified area of the range. Now, every person who will sit in the car and drive around will come out with a completely different kind of experience. Besides, they will get to know the features of the product that you are selling. Some may feel enthralled, enjoyable, excited, pleased, etc. Remember: feelings can also be negative, so try to create a positive experience for your audience.‌‌

    You align your brand’s personality with the experience

    If your brand is associated with spreading happiness around people, what would you do to convey that perceived image of your brand to the audience? Experiential marketing is about giving your target audience a truly memorable experience. This will enable them to keep your product/services at the top of their minds and associate your brand with a particular experience.‌‌


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    Goals of Experiential Marketing

    To generate a buzz & keep the buzz alive

    In fact, it may seem common for many brands to turn to celebrities or influencers for their campaigns that involve experiential marketing. That in turn does create a buzz, but there is a lot more than that to experiential marketing.

    Experiential marketing, as mentioned above, involves two-way communication. So even if it involves a concert, creating a photo booth, or a billboard, it will end after a while. But the impression that experiential marketing leaves do not just go away; the audience continues to engage with it. For example, on social media, sharing the live event keeps the buzz around the event going.

    Launch of a brand-new product

    Even though advertisers use different mediums, billboards, video ads, magazines, etc. to market their products and services. The target audience has a low brand recall. The message is lost in the clutter. Adverts can feel like yelling, shouting, and screaming at your face when they appear all the time, though your consumers do not want to see it.

    Now yours will be just another new product being launched in the market. So how do you tell the difference? What’s one thing that sets you apart?

    A key point of differentiation that you can build is the relationship that you have with your customers. Many established and well-known brands have strong relationships with their customers.

    With experiential marketing, you can integrate the products and services of a brand with the event. Connecting to people on a personal level in an interactive, engaging way. Future partnerships can also thrive if it involves more than one brand involved in the event.

    Creating positive brand associations

    To strengthen your brand, have a rebound and a meaningful relationship with your customers. It helps and makes it easier to foster relationships with your customers.

    With experiential marketing, conversations flow more naturally around your brand. It magically makes the process of marketing your brand out there feel less like marketing with two-way communication.

    Increase brand awareness

    An experiential marketing strategy involves you pulling something completely out of the box. This puts your brand into the spotlight, which will catch the attention of your audience as well as the media. With that, it establishes your presence as a brand in the market. People are more likely to share an experience that they had with others through word of mouth.

    Getting media coverage

    You need to pay to get coverage from the media. But if done correctly, experiential marketing can get you the media coverage without investing in it and drive PR (Public Relations) too. On a side note, it is believed that you need a high budget to bring your experiential marketing strategy to life. That does not have to be necessarily true. It is possible to score big even on a decent budget, with a unique message and a striking idea.

    Dive deeper to build meaningful and emotional connections for brand loyalty

    In the clutter of a thousand different products. Ad agencies make it a point to make ads that will help your audience recall your brand. The more time you spend engaging with something significant, the higher the probability that your audience will build a meaningful connection with your brand and even a long-term relationship. With this strategy, retention gradually increases. You have the chance to build meaningful connections that can increase loyalty towards your brand.

    Elevate brands profile

    It builds a strong affinity for your brand and your products. Conversions become easier. Higher brand recall, resulting in loyalty and ultimately, sales. The benefit of experiential marketing is that it gives consumers a hands-on experience with your product. The try before they buy stage improves your credibility.

    Overall, elevating your brand’s profile. And also builds goodwill, if the impact created is for the greater good of the community in any way.


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    What Counts as Experiential Marketing?

    Immersive live events like concerts, engaging audiences into fun engaging activities like photo booths, demo zones, polls, samplings, virtual and augmented reality-based events, and much more.

    There is no set definition of what one may or may not do. As long as you are giving your target audience an experience to remember or that involves engaging with their five senses, it counts as experiential marketing.

    “Experiential has been moving towards becoming a mainstream marketing platform. We are all bombarded with messages all the time, but the most powerful way a marketer can communicate to their target audience is by getting them to remember something, by doing it face to face and creating an experience that the consumer wants to be part of and wants to pass on to other people.” – Stuart Bradbury

    Examples of Experiential Marketing

    As everyone knows, Coca-Cola is the fastest growing FMCG (fast-moving consumer goods) brand and one of the world’s most valuable brands. The brand focuses on how their brand makes people feel. It has not restricted itself to manufacturing carbonated drinks, but also sells non-carbonated drinks.

    Under its brand profile, it has many other brands. Coca-Cola has a multi-branding strategy and is an expert at employing experiential marketing strategies to sell Coke. Let’s further dissect their campaigns to understand the tactics of experiential marketing better.

    The small world machines

    Cokes Small World Vending Machines Campaign

    Erasing the barriers of hate and the perceived image of being enemies between the two nations of India and Pakistan. Coke, back in 2013, made a powerful campaign with a lasting impact on audiences residing in Delhi, India, and Lahore, Pakistan. The idea was to connect people through gestures. They included making positive symbols, like peace, love, and happiness, and even dancing with a shared can of Coke.

    The results? In the end, you could see how their perspectives on each other changed, breaking the barriers and spreading the happiness that brought them together. In addition, it includes the indulgence of the five senses, leaving an impression.

    Share a white Christmas

    Shared a White Christmas campaign made by Ogilvy Asia for the brand Coke

    This campaign makes a lasting impact on the target audience in both locations. By creating a positive image of the brand, the brand creates a perceived image of spreading happiness. The vending machines were installed in Finland and Singapore. Experiencing snow for the first time is something no one can forget, especially kids playing with it. Keep in mind that Singapore does not get any snow.

    The Ogilvy Asia agency created a memorable strategy that no one could forget. Through the vending machines that were set up, more than 800,000 people interacted face to face. Along with the children, the adults also shared feelings of joy, excitement, and playfulness. Sharing a bottle of Coca-Cola and snow.

    With this campaign, not only did Coke erase the boundaries that exist between the two countries, but it also showed us how globalization has changed the realm of experiential marketing. This has changed the meaning of connectivity over time.

    Truck around Christmas

    Coca-Colas Iconic truck

    The company pulled up another brilliant idea by giving an unforgettable experience as part of its experiential marketing strategy. The marketing team came up with the idea to offer the chance of a night stay in Coca-Cola’s iconic truck during Christmas. Which came with a special playlist curated around the theme of Christmas, festive films and stockings full of gifts and presents. With loads of twinkly lights and a treat to Christmas dinner for the festive fans.

    In fact, the famous truck has been a part of Christmas culture in the United Kingdom since 1995, when it was created by the W.B. Doner agency. Level up and learn experiential marketing from the masters themselves.


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    Things You Should Know Before Implementing Experiential Marketing

    • Use experiential marketing to leave a mark. This is done with an experience that aligns with how you want them to feel about your brand. If done effectively, the aim of a higher conversion rate can be achieved.
    • Get creative with your experiential marketing strategy to leave an impact and memory like none other. Remember that experiences bind us globally, so do not look at the people who buy your product/services as customers but as humans.
    • Experiential marketing strategies can be employed for higher ROI (Return of interest) The data obtained from the feedback given by your customers can be used to make your brand and your product better. Think like your customers and give them the experience that they want.
    • Marketing does not necessarily have to consist of simply sending your message across. You can make it fun and creative by engaging and interacting with your audience. Many brands have created heartwarming, touching, and successful campaigns that have produced a positive impact on average budgets. So, it is not necessary to have a high-end budget to create a campaign around experiential marketing.
    • Build a campaign that engages all the five or multiple senses of your target audience with experiential marketing. Additionally, you can offer your consumers the opportunity to try your products.
    • Create a positive experience for your target audience so that your audience can perceive you as such.
    • Test the idea for your experiential marketing campaign on a small group. Determine if it works. It will help that the campaign does not backfire and that damage can be prevented. You can also use focus groups.
    • Establish and define the objectives and results that you want to achieve.
    • Integrate experiential marketing with storytelling.

    Conclusion

    Experiential marketing strategies are the most effective yet overlooked when creating campaigns. They help you make meaningful and emotional connections with your customers. And create long-lasting relationships. It is more based on how your products/ services or you as a brand make them feel. Unlike traditional experiential marketing, it is authentic and elevates your brand’s profile when done correctly.

    FAQ

    What is an example of experiential marketing?

    A great example of experiential marketing is Coca cola’s small world machines campaign.

    What is the goal of experiential marketing?

    To generate a buzz around your brand, launch a new product or service, and increase brand awareness.

    What are the benefits of experiential marketing?

    It leaves the customers with a positive experience, Consumers have a higher brand recall, and it increases brand awareness are some of the benefits of experiential marketing.

  • Top 15 Digital Marketing Trends Every Marketer should know for 2022

    In recent events, many businesses opted for digital marketing as things weren’t the same after the Covid-19 Pandemic. Because people were purchasing or selling their products through digital to avoid human contact. Some businesses find it easy to market their products & services via a digital platform by using advanced and available marketing trends, meanwhile, some businesses still want to sustain themselves in the industry.

    For instance, with the impact of the ongoing pandemic, various small-scale businesses failed to progress or market their products in the industry due to low connectivity with the real world or even worse, didn’t advance their marketing strategies according to the trend. In order to attain a top brand among the competitors, one business must apply trending digital marketing tools. Here, we have enlisted 22 digital marketing trends that will help your business to attain its objectives & goals effectively and efficiently.

    AI (Artificial Intelligence)
    Programmatic Advertising
    Interactive Content
    Conversational Marketing
    5G Network
    Social Media Marketing
    Personalization
    Live stream
    Omnichannel Marketing
    VR Technologies
    Geographical Marketing
    Push Notification
    Blockchain Applications
    Quantum Computing
    Green Marketing
    FAQ

    AI (Artificial Intelligence)

    With time changes, AI became a prominent element, especially in marketing. So; we have to also change certain things to survive in the digital world, especially opting for AI over traditional marketing. Recent studies stated that AI marketing helps a business to speed up its function by taking any automated decisions based on Data Analysis, Data collection, and other information to determine the audiences without any manual aids.

    Programmatic Advertising

    Without any intermediary to persuade the customers, businesses have started to install programmatic advertisements that do automated buying & selling of online advertising on various digital platforms. In other words, programmatic advertising delivers the right information to the right people at the right time, and this could be done, by analyzing the audience’s segmentation and using algorithm software.

    Interactive Content

    KitKat Interactive Advertisement
    KitKat Interactive Advertisement

    Nowadays, people look forward to interesting content rather than expatriate content. So, in the upcoming marketing trends, your business can use interactive content that will result in increased sales with increased leads. By means of this, add visual content, creative advertisement, infographic, images, videos, marketing billboards, and other elements to strengthen the brand and drive traffic.

    Conversational Marketing

    Two-way communication is key in conversational marketing, where people anticipate quick responses, as well as businesses, expect effective feedback. Therefore, a business should adapt to conversational marketing to augment customer engagement, experiences & revenue, say, Chatbots, which are automated to customer-centric and dialogue-driven approaches.

    5G Network

    As everyone knows, the upcoming future relies on the 5G Network that generates a global-based wireless standard. 5G Network empowers the Internet of Things (IoT) that promises a long-term potential service as IoT aids Augmented Reality and Virtual Reality in the marketing.

    Social Media Marketing

    Another trend that has been ruling the digital world since its commencement is Social Media marketing. In recent times, social media has become a popular mode of marketing in generating a wide range of customers. Instagram, for instance, has nearly 130 million users, where users create brand awareness and introduce new products through Instagram algorithms, Instagram Live streams, shopping options, filters, and other features.

    Personalization

    One-to-one marketing is done based on data analysis and digital technology to deliver individualized messages & product offerings according to the audience’s segmentation, i.e, interest, backgrounds, demographics, and many more.


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    Live Stream

    Live stream shopping is considered an effective marketing tool in 2022, where Live streaming enhances engagement, interaction, and viewers. The live stream is used to proclaim any brand news, information, product launch, and other live interviews. In this way, marketers can perform live streaming as a marketing trend to attain netizens’ attention.

    Omnichannel Marketing

    Nowadays, many businesses are adopting omnichannel marketing that corporate & connect various digital platforms to interact with customers. In omnichannel marketing, branding, messaging, and online and offline touchpoints are seamlessly integrated as customers move down the sales funnel, enabling a more engaging customer experience.

    Consistency is the key to Omnichannel marketing, which allows businesses to adopt a consumer-centric approach that keeps the customer journey at the forefront.

    VR Technologies

    A virtual reality marketing campaign involves using virtual and augmented reality technology to promote brands and their products. The devices can make VR marketing visual, multi-sensory, or some combination thereof. Virtual reality headsets make VR marketing more powerful. While a VR Instagram filter overlays objects or pictures onto the camera view, an immersive experience is completely immersive.

    Geographical Marketing

    In marketing, geographical segmentation means targeting products to people who reside or shop in a specific area. When selling products that are influenced by regional differences in culture, climate, or population, this approach will be especially useful. Conducting a proper survey will help to market the products & services according to their location. Like seven sisters, demand production of umbrellas, so businesses can sell rainy season products to those regions that augment business profit.

    Push Notification

    Push Notifications
    Push Notifications

    In push notification marketing, marketers send browser notifications on a variety of devices to their target audience to inform them of services and products. In a push notification, a short message is sent to the user’s mobile or desktop, prompting them to act with an intention to make them acquire a purchase. Push notifications have the advantage that you can time them and you can even customize them to fit your specific circumstances.

    Blockchain Applications

    A blockchain is a shared, immutable network of ledgers that facilitates the process of recording transactions and tracking assets among business networks. Blockchain offers immediate, shared, and transparent information since it stores information on a ledger that can only be accessed by network members with permission. Besides, the blockchain network can track orders, payments, production, sales, accounts, and so on.

    Quantum Computing

    To perform calculations, quantum computing uses the collective properties of quantum states, such as superposition, interference, and entanglement. Quantum computing can be used to generate huge amounts of data to study shoppers.

    Green Marketing

    Recently many countries joined together during an environment summit 20 intending to manage climate change by eliminating negative aspects. For this, various businesses promote such products based on the environmental benefit which plays as eco-friendly to the company as well as to the surroundings. In order to obtain green marketing, one such business should manufacture sustainable trends, eliminating toxic manufacturing, producing recyclable goods, using a 3Rs system while producing goods & services.


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    Conclusion

    Digital marketing is one of the fastest-growing industries. It is one of the most valuable assets of any startup or company. It is an evergreen industry and the only possibility to survive is to stay notified about the growing trends in the digital marketing industry.

    FAQ

    Artificial Intelligence, Personalized advertising, green marketing and push notifications are some of the future trends in digital marketing.

    What is the next major trend in digital marketing?

    The next major trend in digital marketing is Chatbots.

    What will marketing look like in 2025?

    Customer lifetime value will be the main priority of marketers in 2025.

  • Cannibalization- Why Do Brands Cannibalize Their Existing Products (With Examples)

    Every Business has faced this situation, where there’s depletion in the company’s sales turnover as a new product has been introduced, repercussions affecting the sale of old products in the similar product line.

    In other simple words, generally, Cannibalization refers to eating one species, where the devourer belongs to the same species. Just like that, in the business field, the instigation of modern products is coupling the demand and supply of former products.

    Obviously, people purchase the new launch and totally overlook the old product considering it a banal version of a similar product line, moreover this is prevalent in business.

    For instance, Apple constantly releases a series of iOS to its customers, when the company introduced iPhone 12 Pro, people were enthralled to acquire it and ultimately shut one’s eyes to its previous version-iPhone 12. Thus; Cannibalization engenders no vicissitudes in the company’s sales turnover regarding existing products but gradually accelerates sales growth for the new product.

    What is Cannibalization?
    Effects of Cannibalization
    Why is there a need for Cannibalization in Brands? How they overcome Cannibalization?
    Five examples to state that Cannibalization works for existing products:
    FAQ

    What is Cannibalization?

    Numerous corporations practice Cannibalism in Brands, by discounting existing products to compete with their recent products in the market. As a result, this will bring an augment profit on both existing and new products of the company. Besides, Cannibalization is nothing but a competition between exciting and fresh products of the same brand within the company.

    Effects of Cannibalization

    Just like Newton’s third law: for every action, there is always an equal and opposite reaction. So, when the incorporation did anything, then it would definitely influence the incorporation in terms of sales or production.

    If the company inaugurates a fresh product, say McDonald’s comes up with BTS meals, no wonder the BTS armies are everywhere and BTS meal is hyping up in recent times, albeit the existing food products like Big Mac or McMuffin are receiving derivative fond as customers prefer BTS meal to any other foods in McDonald.

    Therefore; no one holds any reprehensible for the loss of the company’s market share, but itself the company by inaugurating new products as one of the newest versions of its old products.

    Why is there a need for Cannibalization in Brands? How they overcome Cannibalization?

    Cannibalization plays a crucial part in brands; where existing products are overlooked because of the newest product introduction. This will accelerate the demand for new products and decrease the sales of former products of its similar product line.

    Businesses cannibalise their existing or outdated products by employing two ways to meet the same demand of their new product:

    Discount

    Company plans to touts existing products due to cannibalization, by providing discounts on such products in order to compete with the same demand for fresh products.

    For instance; Samsung has launched its new version Samsung Galaxy F22 in July 2021, which overruled its preceding product Samsung Galaxy F12 which came to the market in April 2021.

    What is the company planning to do, provided the former Samsung Galaxy F12 sales slump due to the demand for Samsung Galaxy F22 inflates?.

    Factually, it is apparently evident that people would buy stuff when it is provided at a discount rate. So, the company vents former products at a discount price, where people fall for Samsung Galaxy F12 rather than paying a higher price for its newer version.

    E-commerce

    This pandemic became a beneficiary to e-commerce, where everything is supplied through Amazon, Flipkart or Myntra etc. E-commerce is the best way to captivate customers by generating many offers such as festival offers, Today’s Deals or deal of the day etc. For instance, Amazon recently applied for 26th-27th July Amazon prime Day India by selling products at low prices.


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    Five examples to state that Cannibalization works for existing products

    Cannibalization for existing products can be seen in every company when a new product is launched ranging from low-cost products like school supplies to high-end products like vehicles. The cannibalization of existing products can be proved through these examples.

    iPhones

    Apple introduced iPhones which cannibalized iPods
    Apple introduced iPhones which cannibalized iPods

    Steve Jobs, the founder of Apple in his biography has quoted saying that ”If you don’t cannibalize yourself, someone else will”. And likewise, Apple itself cannibalizes its products.

    The iPhone first model was launched in June 2007. During this period Apple was coveted for its iPods and sales were at a high rate but Apple came out with iPhones that practically had the music feature along with phone services with internet connectivity and media support.

    This led to consumers straying towards iPhones as they were a better substitute for iPods. This product like in the case of iPhones is an example of Self Cannibalization.

    Coke-Zero

    Coke Zero Cannibalized Coke
    Coke Zero Cannibalized Coke

    Coca-Cola, famous for its product Coke and Diet Coke, chipped away at its sales by introducing Coke-Zero targeting the male population that worried about their sugar intake in 2006 in the UK while compensating their total revenue.

    Coca-Cola has also cannibalized itself by introducing Minute Maid, Fanta, etc. and removing coke and its variants as the essential face of the company.

    P&G’s Tide Detergent

    Tide Detergent was introduced to cannibalize P&G's Ivory Soap
    Tide Detergent was introduced to cannibalize P&G’s Ivory Soap

    Procter & Gamble was mainly known as a manufacturer of soap and was known for its Ivory Soap which had drawbacks of its own like dirt wasn’t removed when used with hard water.

    So even with risking cannibalization of their Ivory Soap, the company went ahead and introduced Tide Detergent in 1946 which was the first synthetic detergent that could deep-clean clothing as P&G didn’t want to be cannibalized out of the soap producer industry.

    Maruti Suzuki Alto

    Maruti launched Alto which cannibalized Maruti 800
    Maruti launched Alto which cannibalized Maruti 800

    Maruti Suzuki Alto manufactured by Maruti Suzuki was introduced in 2000. It was the Indian built version of the fifth-generation Suzuki Alto. In 2006, it was India’s largest selling car and by 2008 it had crossed 1 million in terms of production. But this increase in sales was only achieved by eating away the sales of the famous Maruti Suzuki 800. This was done with the help of price cuts and an ad campaign that lured many.

    WeChat

    WeChat was introduced to cannibalize QQ
    WeChat was introduced to cannibalize QQ

    China’s Tencent famously known as the world’s largest gaming company and the most-used internet portal used QQ an online instant message service during the period when desktop computers were the hype.

    QQ failed to meet the standards with the development of smartphones and electronic devices. Therefore Tencent ordered a group of engineers to develop a messaging platform that would cannibalize QQ. Thus, WeChat was developed and released in January 2011.


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    Conclusion

    When human beings, in general, see something better, they essentially want it and feel inadequate with the thing they already possess and an urge to be updated with the upgraded version begins to fester. This is exactly what leads to the cannibalization of products.

    The overlooking of existing products for a new one. If this phenomenon doesn’t work, there wouldn’t be customers for a newly launched product be it smartphones or vehicles.

    Also known as corporate cannibalization of market cannibalization, this phenomenon is also the doom for a company as this nips away the sale of the previously introduced product. Thus proving this phenomenon to be double-edged.

    FAQ

    What is the example of brand cannibalization?

    Coke Zero was introduced by Coca-Cola which chipped away the sales of Coke is one of the famous example of brand cannibalization.

    What is Cannibalization?

    Cannibalization is nothing but a competition between exciting and fresh products of the same brand within the company.

    Why do brands cannibalize their existing products?

    Brands usually cannibalize their existing products to accelerate the demand for new products and decrease the sales of former products of its similar product line.