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Start to familiarize yourself with Red Bull and its current marketing strategy by reviewing the reading list uploaded below. Check out its website and learn about the company, its goals, strategies, and successes. Use this same company for all assessments in this course. In addition, look at two other websites that provide background on Red Bull’s current marketing strategy:
Submit your assessment of the first P (product) for Red Bull’s hypothetical new coffee product line. Use your imagination and explain your assumptions about this product line based on what you have discovered about Red Bull products, other similar products, and the energy drink market. This product assessment should include the company, packaging, brand identity, and target market requirements. Incorporate information from two other sources related to the content of the assessment. In your assessment, evaluate the following:
· Describe the new product line and Red Bull’s primary target market for its new coffee energy drinks. What are the characteristics of the product and the traits of the primary target market?
· Discuss the branding of the new product line of coffee drinks, including the intended audience and the product positioning.
· Describe the packaging for the new product, and the overall product color scheme. How will these new energy coffee drinks stand out?
· Discuss product strategies for Red Bull to achieve business success for the new product and why those strategies will be successful.
· Cite any resources you use.
· Be sure your analysis presents a focused purpose through strong organizational skills. Also, be sure it presents evidence through strong paraphrasing/summarizing, appropriate tone, and sentence structure.
- Written communication: Communication should be clear and well organized, and support a central idea, with no technical writing errors, as expected of a business professional.
- References: Ensure you give credit to your sources. Use APA formatting when appropriate.
- Length: Approximately 3–4 typed, double-spaced pages, in addition to the title and references pages.
- Font and font size: Times New Roman, 12 point.
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Red Bull
Marketing Strategy: Sampling & Extreme Sports
By
Sarahana Sanchay
October 26, 2020
7 Mins Read
Whenever you think about Red Bull, what are the first few words that come to mind? Possibly Adventure or Extreme Sports and iconic Blue Silver cans. Red Bull’s success in sports sponsorship, marketing, and branded content is enviable. There are very few examples of brands owning such strong associations as Red Bull does with Adventure Sports and talk about its super-successful sampling strategy.
In fact, until a little while ago, I assumed that this was Red Bull’s biggest marketing strategy for guiding trial and adoption.
I was wrong!
Although Red Bull relies heavily on sponsorship deals and content for marketing, the brand’s starting point was different and rather simple.
Red Bull Brand Story
Krating Daeng
, an energy-boosting beverage was first introduced in Thailand in 1976 by
Chaleo
Yoovidhya, a Thai businessman and investor. The drink was most popular among blue-collar workers such as Thai truck drivers and laborers.
The magic happened when
Dietrich
Mateschitz, an Austrian businessman traveled to Thailand and met
Chaleo.
Dietrich happened to note that having the Thai Krating Daeng drink helped cure his jet lag. A validated business idea struck him and he joined hands with Chaleo to create
Red Bull GmbH.
Red Bull first launched in Austria in 1987.
Read:
How “Red Bull” got its name? What are its ingredients?
The Sampling Strategy of Red Bull
Red Bull created a market that did not exist. How did it do that? Ever heard of ‘Go Where The Audience Is’ strategy?
Red Bull literally went to places where its audience was with Free Samples. That’s correct. At the core of Red Bull’s success is its sampling strategy.
The brand primarily targeted young male members in the age group of 18 to 35. To place the product amongst this audience set, Red Bull went to college parties, coffee shops, bars, pubs, libraries, and other popular hangout spots with free samples as part of its sampling strategy.
The audience who received free samples not only enjoyed a drink (or two) but also spread the word, free of cost. As the brand became part of daily dialogues, the product category and the brand became popular.
It then started commanding a premium. It is because of its initial sampling strategy and “go where the audience is mindset” that Red Bull never had to push its product. The product enjoyed a large scale organic fan following.
Red Bull that sells in iconic blue-silver tall cans was originally available in a single nondescript flavor and regular or sugar-free formulas. A line of “color editions” with flavorings was added to the line beginning in 2013.
As per
companieshistory
, in 1992, the product expanded to international markets: Hungary and Slovenia. It entered the United States via California in 1997 and the Middle East in 2000. Today, Red Bull sells in 20+ variants and in 167+ countries.
Marketing & Promotion Tactics of Red Bull
Well, we understand how the brand first got into people’s hands. But, how has the brand been able to command the connection with young audiences even today is an intriguing question.
This is where the brand’s unique marketing and promotion tactics come into play.
Red Bull, the brand that launched the iconic (and controversial) slogan “Red Bull Gives You Wings” uses a ton of exceptionally well crafted sports-based marketing and promotions. Its sponsorship and sports promotion strategy dates back to 1989.
Take a history tour with me of Red Bull’s association with adventure and extreme sports!
In 1989, the brand signed a one-year shirt sponsorship deal with an Austrian football team.
Red Bull captured people’s imagination in the first-ever Flugtag event in 1992. The event saw competitors flying home-made, human-powered flying machines. Get a flavour of flugtag from this video –
Best Crashes from Red Bull Flugtag – Hong Kong 2014
.
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