Experientialmarketing(1)
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Transcript of Experientialmarketing(1)
Experiential MarketingJackie King, Melissa Stivale, Katie Tomaino
“Tell me and I'll forget; show me and I may remember; involve me and I'll understand.”
What is Experiential Marketing?
“Experiential Marketing” aka… Live marketing
Engagement marketing
Event marketing
Participation marketing
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Active, not PassiveAt first glance, might get confused with
Guerilla marketing, but experiential marketing is more about the consumer engaging (usually physically) with the brand through the marketing tactic
Its not just about the exposure, but about the experience
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Growing Importance75% of marketers surveyed said they would be
increasing spending on experiential marketing in 2009
70% of consumers say experiential marketing would be most likely to increase purchase consideration
The Five E’s Of Experiential
According to 361 degrees
Experience
Engagement
Economize
Evangelize
Evaluate
ExperienceLive involvement marketing
What the brand represents should be delivered
Allows your brand into the heart’s of customers
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EngagementBreak out of the norm and be different;
moments of meaning and relevance for the consumer
Use senses to get to the emotions of the consumer, tell a story
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EconomizeLook to get the biggest bang for your buck
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EvangelizeBy giving the people a unique experience, they
will want to tell others about it
Results in word of mouth
Fuels loyalty
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EvaluateROI: Return on Investment Idea
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The Importanceof CongruenceConsistency is important throughout a brand’s
communications plan.
Establish direct correlations between the brand and the experience.
Can’t say and not do
Lee JeansEx: Lee Jeans
Lee jeans wants to re-market as sexy Created an exciting, new campaign but did not
change the product to maintain congruence between product and message
Consumers are drawn in, but reject the same not-sexy jeans
ChallengesComplicated marketing metrics
“lag” effect Customers move slowly through the purchase
cycle
Maintaining congruency with the brand Creative for creative sake is ineffective, creative
can be innovative but must have some congruence with the brand/message
Remember: the goal is to help clients increase sales, not win creativity awards
MetricsTwo ways to measure: effectiveness and
efficiency
Effectiveness: How well is the initiative meeting the example? Surveys to test recall analyzes the success of
filling the awareness gap Personal customized surveys and one-on-one
interviews are preferred to focus groups or mass surveys
Deeper insight into the sub-conscious, which drives purchasing
Efficiency: cost per viewer or participant
Experiential Marketing and the Five SensesFrom initial contact with the brand and
throughout the life cycle of the purchase, the most effective brands tell us the most without saying anything at all.
Vision: pictures speak louder than words
Smell: sense most strongly tied to memories
Hear: associate sounds/music with a brand
Touch: touch the lives of others through stories
Taste: in-store sampling
How to Use Experiential Marketing
When to use it: Launching a new brand or product line
Rebranding
Building/rebuild customer relationships
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Types of Experiential MarketingMobile tours (bus)
Pop-up stores
In-store experiences
Special events
Guerilla sampling
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Mobile Tour- ACUVUE2 converges with WalmartTransportable locations that spread awareness
linked with an educational value about products/companies.
Johnson & Johnson wanted to partner with a retail channel for selling their color contacts
Launched educational tour hitting 175 cities to introduce them to product line
Year long
Made a mobile educational center (bus) staffed with licensed professionals to increase confidence and quality in product
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Results!
Engaged approx. 350 consumers in each location
Had 70,000 interactions in total
Generated 10,000 website visits
25% scheduled appointments at Walmart vision center of which 12% actually purchased
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Pop-up Store: Target“Retailers use temporary stores to sell limited-
edition items and holiday fare or to reach shoppers in cities where they don’t have permanent outlets.”
Target To-Gos in New York, San Francisco and Washington for a holiday rush weekend (Dec. 11-13 of 2009)
Temporary stores offer 50 products and items not yet sold nationwide
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Results!
Toys ‘R’ Us and Walmart were outselling Target
The pop-up stores helped create an emotional attachment to the brand
Demand increased in areas where pop-ups were placed that didn’t already house Target stores
Shares gained 36 percent in 2009, compared with a 22 percent rise in the Standard & Poor’s 500 Index.
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In-store: AppleWhat customers experience while in brick and
mortar businesses.
Apple prides itself on having a store where customers can try and experience products before they buy.
Their staff contributes to the experience because they are put through rigorous training and are considered a convenience (knowledgeable and point of sale is everywhere in the store).
Congruent with brand values: expertise and simplicity
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Special Events: Guitar HeroAn event celebrating something the brand
wants to promote. Events draw in consumers to interact with brand and its products.
Wanted to create buzz Guitar Hero World Tour
Private launch party (attended by 230 targeted gamers) in NYC that had: gaming stations for a battle of the bands contest demo stations green screen photo opportunities cash prizes
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Guerilla Sampling:Giving out samples to promote products via
unconventional approaches to marketing. Creates a memorable brand experience that engages customers.
“Guerilla sampling allows brands with smaller budgets to interact with their consumers face to face and larger brands have the opportunity to create unique experiences and generate buzz.”
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Honey Monsters CerealWanted to reinforce fun elements of the brand
and create awareness and acquisition because it was a new product (get people to try product)
Set up in front of super markets in 4 key regions of UK- lasted 48 days
Sales rose for 4 weeks after sampling occurred
Had a halo effect on the sales
Nominated for Institute of Sales Promotion Award in the UK
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How Rainy Daze could use experiential marketingMobile tours (bus) & Pop up Stores- create
demand in cities where there aren’t already brick and mortar Rainy Daze
In-store experiences- customization stations and wind tunnels
Special events- launching company into weather gear market as a competitor
Guerilla sampling- giving out ponchos at water parks
All- allows interactivity with product, try without the buy
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Trends Integrating social media with experiential
marketing- Sun Glass Hut (creating buzz through viral word of mouse)
“The future for experiential marketing looks bright; with 62% agreeing that it will be "one of the big growth areas in marketing over the next five years.”
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THE END