Red Bull | The Marketing Mix
6. The Marketing Mix Strategy
In contrast to the original Marketing Mix Theory based on the 4 P´s, Red Bull Ltd. introduced its own Marketing Mix Strategy. This can be best explained in form of a three pillar system, consisting of the media\advertising category, sports-and event sponsoring and sampling. In 1998 the budget Red Bull spend on marketing in the
covered the amount of Pound 6 million. Their marketing formula is based on classic creative advertising; precision-targeted sponsorship and events; and right-place, right time sampling when consumers needed.
6.1 Media Advertising
Red Bull uses all the available media channels, meaning cinema,TV, radio, press and the internet. In other words the company focuses on the media through which it reaches its primary target market-young people.
Therefore they advertise in TV shows like T.F.I. Friday and in magazines like Time Out and men’s health. Their advertisements in the different media channels are very successful. They allow the consumers to interpret the product and the moments of use themselves. Red Bull achieves this by a humorous and witty cartoon campaign, transferring the message that this energy drink helps you to escape by `giving you wings ´. The idea of communicating with the consumer in form of a simple cartoon has got the advantage that the message is easy to understand . People do not only enjoy the campaigns they even remember what the product is called and what it delivers, which is the most important characteristic for a successful campaign.
6.2 Sports-and Event-Sponsoring
The company also implements sponsoring in their marketing mix strategy. Sponsoring supports the image, the credibility and the visibility of the product.
On the one hand Red Bull sponsors the athlete target market in either extreme sports such as freeclimbing, paragliding and motorsports or fun sports, but always where Red Bull is needed.
This strategy contributes to Red Bull that the brand appears ( logos and stickers) and that the product ´s target market is more precisely defined.
On the other hand Red Bull does event sponsoring. The company either creates its own events (i.e.
.......) where the whole events are promoted by Red Bull or they promote other events (i.e. Speed Ski World Championship ) .
Eventsponsoring attracts people’s attention towards the product and connects them.
Sampling is another very important part of the three pillar marketing system. The methods used are well tested and proven in other markets. As the major purpose of Red Bull is to energise the company samples at the right place at the right time, where it finds its exact target market.
Examples of usage are driving, studying, working night shifts and sports. Red Bull is following the basic sampling rules consisting of:
- never impose the product
- always explain the benefits of the product
- drink always a full can( 250 ml)
- It must always be chilled
- Always being cautious about whom your are sampling the product
This year 8 teams will sample 400,000 consumers across the entire country.
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