Sunday, October 20, 2019
Red Bull Marketing Strategy What You Need to Know + How to Copy It
Red Bull Marketing Strategy What You Need to Know + How to Copy It Red Bull is an unbeatable marketing powerhouse. When it comes to their marketing strategy, the brand takes everything it does to the extreme. However, their marketing efforts always put the audience first. In fact, selling their product comes second. While theyre active on array of channels and use tons of different tactics, everything revolves around one concept:à creating content and experiences people would be interested in even if they dont care about energy drink brands. By going above and beyond to produce content on par with major publishers, pull off mindblowing events, and more, theyve become one of the most talked about brands in the world. In this post, youll learn how they went from small startup to global media empire (and borrow their ideas for your own brand). Red Bull Marketing Strategy: What You Need to Know (And How to Copy It)Get Your Red Bull Marketing Stats Infographic Whatââ¬â¢s the best way to dominate a market? Create one that doesnââ¬â¢t exist yet. Thatââ¬â¢s exactly what Red Bull did with energy drinks 30 years ago. Thanks to smart marketing and creative strategy, theyââ¬â¢ve stayed on top for three decades. So, what does the data look like behind that domination? Download this infographic and find out. DID YOU KNOW: You can plan and organize your entire marketing strategy with , the industry's best-selling marketing calendar solution? Learn how here. How Red Bull Got Started Red Bull first came to the market in 1987à after Austrian toothpaste salesman Dietrich Mateschitz came to Thailand and heard about an ââ¬Å"energy tonicâ⬠, created by Chaleo Yoovidhya. The tonic was supposed to help keep drinkers awake and alert. After three years of testing Red Bull launched in Austria, but the two businessmen had doubters. ââ¬Å"There is no demand in the market for this type of drink,â⬠they said. There was no way anyone would go for it. They were wrong. Today, Red Bull dominates, with over 43% of the market share in 2015. The best part? Theyââ¬â¢re still going strong. Considering Red Bull created the market in the first place, dominating just about half of it after nearly three decades years isnââ¬â¢t bad. Check out this infographic of their whole history: The History Of Red Bull's Unconventional Marketing Strategy When Red Bull first came out, energy drinks didnââ¬â¢t exist, and traditional advertising was expensive. So, Red Bull went rogue and went with a different strategy. What did they do, exactly? They simply went straight to their target audience (18 -35-year-old males)at college parties, libraries, coffee shops, bars and other places where they hang out. By bringing their audience free samples, they put the product right in their consumer's hands. That got their audience talking, spreading the word about their product for free. Today, they still employ a similar strategy: they go wherever their audience is at. Whether that means sponsoring a music festival or creating top-notch culture content, they'll do it. In fact, the content Red Bull publishes is executed at the same level as a professional publishing house. They're effectively a media company that happens to sell an energy drink, rather than the other way around. Recommended Reading: How to Mature Your Publishing Process With Matthew Ankeny From Gear Patrol How Red Bull Reaches Its Target Market Red Bull focuses on three significant tactics to attract its target audience: Publishing awesome content:à The content that the Red Bull marketing team creates is on the same level as other major media outlets that their audience might consume content from. Colossal publicity stunts:à Red Bull takes ââ¬Å"Go Big or Go Homeâ⬠to the next level by producing massive stunts that cause everyone to freeze and watch what happens. Sponsoring or creating events:à Red Bull proved its marketing prowess by taking their product and associating it with things their audience loves by sponsoring or creating events for them. Check out this Slide Deck on Red Bullââ¬â¢s marketing strategy: How Red Bull Approaches Content Marketingà Strategy Red Bullââ¬â¢s content does three things exceptionally well. First, ità coversà topics that interest their audience. Extreme sports, concerts and music festivals are just a few of the topics covered on the Red Bull website. Picture anywhere you might see someone enjoying (or needing) a Red Bull and their content will cover it. Second, is their ability to sell their brand but not push their product. Their content focuses solely on the enjoyment of the reader, not selling Red Bull. In turn, their audience begins to associate their product with content that they love to consume. Want to do marketing like @redbull? Push content, not product.Third, it publishes videos, blog posts, landing pages and other types of content at the same professional level as media sites that their target audience consumes content from. Take this video for example. Itââ¬â¢s high energy, high impact, and full of content that people who love extreme air stunts would enjoy: How Red Bull Uses Publicity Stunts to Generate Hype Another piece of the Red Bull marketing strategy is their insane publicity stunts. They sent a man up 128,000 ft above the earth in a small ship and helium balloon and had him free fall out of it. This stunt, commonly known as the Red Bull Stratos Jumpà broke two different world records: By creating massive stunts, like the Stratos Jump, it causes their audience (and letââ¬â¢s face it, probably everyone else) to stop and think, ââ¬Å"Whoa whatââ¬â¢s that? I NEED to watch this.â⬠Recommended Reading: How to Generate Data-Backed Social Media Campaign Ideas How Red Bull Uses Events to Reach Consumers The third part of their strategy involves hosting and sponsoring events that their target market is already attending. Whether that means music festivals, film events, or even extreme cliff diving, Red Bull will either create or sponsor an event around them. Why is this a brilliant move? Their audience is already there. Their target audience is an active group. Theyââ¬â¢re trying new and crazy stunts, they love extreme sports or rocking out at a music festival. So Red Bull showsà up at places they know their target audience would be. Take Coachella for example. This massive music festival takes place over the course of two weekends in the desert and fans donââ¬â¢t want to miss a second of it. That may mean sacrificing a few hours of sleep. Red Bull shows up and gives them the wings (and energy) they need to stay awake and keep jamming at the festival. Recommended Reading: How to Find Your Target Audience and Create the Best Content That Connects 8 Ways Red Bull Executes Its Marketing Strategy Red Bullââ¬â¢sà ability to stay true to its branding and values is what makes them successful. DID YOU KNOW: makes it easy to plan and execute your entire marketing strategy. See how you can schedule content, automate social media, manage your team, and more on one marketing calendar. 1. Maximizing The Idea Behind Their Tagline Red Bull's messaging strategy revolves around their tagline, ââ¬Å"Red Bull gives you wings.â⬠It focuses on the idea that their product gives people the ââ¬Å"wingsâ⬠or energy they need to do whatever they want when they want. This tagline fuels their content because they produce and record some of the most action-packed, high flying sports and activities the world has ever seen. Need a little help jumping out of a plane in a flying suit? Let Red Bull give you the extra push you need. 2. Keeping Consistent Visual Branding The visual branding that Red Bull has created is a key contributor to the brandââ¬â¢s success. Take a look at one of their more recent YouTube videos: The content keeps the watcher engaged through a fast-paced, high-intensity stunt that leaves them wondering if theyââ¬â¢ll actually be able to pull it off. That edge of your seat, shock-inducing mentality is what Red Bullââ¬â¢s branding is all about. In turn, theyââ¬â¢re able to say, we gave people the energy (and courage) they needed to attempt something this crazy. Recommended Reading: 16 Video Marketing Tips That Will Skyrocket Your Traffic 3. Letting Values Be Their Guide Their values play a role in their content as well. They center around one core phrase ââ¬Å"giving wings to people and ideas.â⬠Everything that the Red Bull team communicates revolves around that tagline and their values. Itââ¬â¢s the ability to keep that communication consistent over the past 30 years that has lead to their success. 4. Building a Strong Content Core RedBullââ¬â¢s content core can be summed up by saying: ââ¬Å"Red Bullââ¬â¢s content core revolves around the intersection between their audienceââ¬â¢s interest for extreme sports, festivals, and a fast-paced lifestyle with their productââ¬â¢s ability to keep people awake and give them energy during those events.â⬠They focus on topics like extreme sports, music, art, dance, nightlife and a whole lot more. Because of that broad spectrum, their content can appeal to the right audience. There is one thing that Red Bull does with its content core that pushes them ahead of the pack. Every piece of content that they create matches the quality of other publications their target audience might read like Buzzfeed, Vice, ESPN, and more. That level of quality makes it seem like itââ¬â¢s coming from a powerhouse dedicated to creating consumable media, not an energy drink brand. Recommended Reading: How to Find Your Target Audience and Create the Best Content That Connects 5. Creating Content Around What Their Audience Loves What does every topic that they cover (and thereââ¬â¢s a lot of them) have in common? They focus on activities that their audience would participate in while consuming their products. à They also publish that content everywhere their audience is likely to hang out. They publish a massive amount of material on their website, which, surprisingly, has no mention of their product whatsoever: They produce a magazine, The Red Bulletin, which circulates over 2.2 million copies a month: They also create awesome, awe-inspiring videos: In summary, if their target audience is consuming content on a given channel, you can count on Red Bull being there. Recommended Reading: The Most Complete Content Marketing Process Guide You Need to Get Organized 6. Revamping the Way They Use Traditional Media Itââ¬â¢s not just content marketing that Red Bull dominates. The brand invests a substantial amount in traditional mass media channels as well. Red Bullââ¬â¢s TV content operates in two formats: videos they create for their online channelsà (YouTube, social media, etc.)à and ads that they partner with traditional TV channel content: Their TV content resides on their online hub called Red Bull TV. Their videos and shows are segmented into formats like Events and Films as well as channel topics like Cliff Diving and Culture: Theyââ¬â¢ve moved into the music realm too. In addition to covering or sponsoring massive musical festivals, Red Bull also boasts itââ¬â¢s own record label, recording studio, music academy, publishing group, and online radio station. Recommended Reading: How to Make a Video Content Marketing Strategy That Will Engage Your Audience 7. By Being Loud and Proud With Social Media Strategy Social media is another channel that Red Bull dominates with authority. Their Facebook page, for example, is full of artistic videos that blend together visually appealing images, music created by their own record label that pumps up viewers, and the sports and events their audience loves. Their message is short and sweet while the first 3 seconds leave you wondering what is happening. You have no choice but to see it through to the end: Leonardo Fioravanti Man-made waves hand-made surfing skills. Posted by Red Bull on Tuesday, November 28, 2017 Their Twitter and Instagram channels on the other hand focus on ââ¬Å"wowâ⬠worthy imagesà to promote shares and interaction with their fans. Whatââ¬â¢s a wow worthy image for Red Bull? According to Link Humans, itââ¬â¢s images that capture speed, sport and motion: Wings with a view. Where are your wings taking you this week? pic.twitter.com/ZKrEtr40yb - Red Bull (@redbull) November 14, 2017 Theirà ability to create dynamic social media posts thatà are so engaging it stops fans from scrolling past it is what makes them a social media success.à Each media piece looks like their subject is in motion, which reflects the brandââ¬â¢s high energy aesthetic. Recommended Reading: How to Create the Best Documented Social Media Marketing Strategy in Eight Steps 8. Bringing The Product To The Audience With Sponsorships and Events Finally, Red Bullââ¬â¢s sponsorship and events are the last part of their marketing strategy that seals the domination of their brand. Letââ¬â¢sà break their efforts into three categories: Publicity stunts. Events theyââ¬â¢ve created. Sponsorships. Their publicity stunts are so crazy it forces the world to stop and watch. Of course, thereââ¬â¢s their Stratos Jump, but thereââ¬â¢s more. Take the Red Bull Air Forceà teamà for example. This group is dedicated to pulling off some of the craziest aerial acrobatics ever seen: Then there are their events, like Red Bull Crashed Iceà or Red Bull Queen of the Bayà that focus on specific sports like ice cross or surfing respectfully. These events focus on fans of the sport and raise awareness of the Red Bull brand. Finally, there are sponsorships. From the Electric Daisy Carnivalà in Las Vegas to Coachella, Red Bull is involved with it all. Itââ¬â¢s a genius move on the companyââ¬â¢s part because who attends all of those events? Their target audience. Not only that, but those sponsorships allow Red Bull to expose the brand to new audiences due to the sheer number of people who attend. Recommended Reading: How to Use an Event Calendar to Organize Your #IRL Attendance Why Their Strategy Works Red Bullââ¬â¢s strategy works because of threeà different things: The first is their ability to tell a story that entices their audience. Their focus on everything from extreme sports to music festivals gives them a wide playing field, but itââ¬â¢s not just that. Red Bull puts its product second, and the content and value they can give their audience first. The attention to detail that their marketing team gives is evident. These are people who care about the topics their writing, recording or creating content around. Finally, itââ¬â¢s their commitment to the values and aesthetic that the brand created when they first got their start that makes their marketing work. Everything they create relates back to the idea of giving people and ideas wings to fly. How to Make Red Bullââ¬â¢s Marketing Strategy Work For You It goes without saying, Red Bull has come a long way in the 30 years since itââ¬â¢s inception. From very humble beginnings to the mega-brand publishing house it is today, Red Bull is a marketing success story. Seem intimidating? Let their story serve as a reminder that your organization needs to start somewhere. They didnââ¬â¢t go from an idea in Thailand to a multi-mega corporation overnight. That took time, luck and some seriously hard workà (and a lot of great marketing along the way). Follow their lead by starting small. Here are some ideas: Create a short weekly video series on a topic that interests your audience. Curate social media content that intersects with your productââ¬â¢s purpose and your audienceââ¬â¢s interests (without directly referencing yourself). Publish an email newsletter full of cool and useful stuff your audience might like (and maybe slap your own logo in their somewhere). The main takeaway here is this: to succeed at content marketing like Red Bull, you have to put your audienceââ¬â¢s interests first, and create stuff that looks and sounds like the kind of content they consume from publishers. Instead of emulating other marketers, that means emulating magazines, TV shows, news websites, and anything else your audience might read and watch. Want to learn more about how to do that, exactly? Hereââ¬â¢s some additional reading material to get you started: 16 Video Marketing Tips That Will Skyrocket Your Traffic How to Write a Video Script That Will Make $100,000,000 How to Create a Social Media Strategy In Three Steps (With a Template) How to Write Like a Journalist to Be a Better Marketing Storyteller How to Generate Data-Backed Social Media Campaign Ideas Where will your wings take you from here?
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