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RED BULL AND IT’S MARKETING STRATEGY
RED BULL STARTED IT’S FIRST FOREIGN MARKET IN 1992
TODAY RED BULL SELLS 4 BILLION CANS OF ENERGY DRINKS EVERY YEAR
RED BULL’S MARKETING COMMUNICATION MIX INCLUDES
LIMITLESS SPONSORING OF
EVENTS, SPORTS AND EXPERENCES LIMITED TRADITIONAL
ADVERTISING
RED BULL GIVES YOU WINGS
FLUGTAG
SOAP BOX RACE
FOOTBALL
F 1 RACING
ADVANTAGES OF REDBULL’S MARKETING STRATEGY
ENGAGING
RELEVANT
A WELL CHOSEN EVENT OR EXPERIENCE CAN BE SEEN AS HIGHLY RELEVANCE
ENGAGING EVENTS AND EXPERIENCE ARE MORE ACTIVELY ENGAGING TO OTHERS
IMPLICIT
DISADVANTAGES OF RED BULL’S MARKETING STARTEGY
LOW SCOPE FOR PERSONAL INTERACTIONS
EFFECTIVE ONLY IN INITIAL STAGES OF PRODUCT LIFE-CYCLE
PERSONAL INTERACTION
LACK OF INTERCTION BETWEEN MARKETERS AND CONSUMERS
PRODUCT LIFE CYCLE
MINIMAL INFLUENCE IN LATER STAGES OF PRODUCT LIFE CYCLE
RISKS FACED BY RED BULL
A BASKETBALL PLAYER DIED DRINKING RED BULL, THIS LET THE FIRM INTO TROUBLES.
SUMMARY
DISCLAIMAR
Created by S.Pavan Krishna, IIT Madras, During a marketing management internship by Prof.Sameer Mathur, IIM Lucknow.