Thursday, November 29, 2012

Diapers May Provide a New Market for Redbox

Chips, Dip, and Redbox
Yesterday, I attended a marketing presentation by Mark Achler, Senior Vice President of New Business at Redbox. Mark discussed how Redbox has formed great partnerships with consumer packaged goods companies. He showed an example in which Tostitos had set up large displays in grocery store aisles. If consumers purchased three Tostitos products, they'd get a free night's movie rental from Redbox. This partnership increased sales for both Tostitos and Redbox, so it was a win-win situation.

Diapers, Wipes, and Redbox 
When Mark showed a graphic of all the brands Redbox has partnered with on similar deals, I thought there was one big missed opportunity — diapers. As I've come to learn, new parents are very much tied down to their homes at night. Once a baby goes to bed, parents are left awake in the house with a few hours of "free time." As new parents, my wife and I have spent several nights watching movies rented from Redbox. We have never been big movie watchers, but Redbox offers us an evening of entertainment for only $1.20 and we both don't have to leave the house.

I think Redbox should partner with a diaper brand and offer a similar deal to the Tostitos offer: buy a few packages of diapers or wipes and receive a free night's movie rental. This offer could bring a new set of customers to both the diaper brand and Redbox. That's they type of win-win situation Redbox loves.

Add This To Your To-Do List
In the idea I've outlined here, new parents are a "trigger market" for Redbox. Trigger markets are created when people go through big changes in their lives and are therefore "triggered" into being in your target market. If you can identify the triggers that make your products, services, or causes suddenly relevant to a group of people, you'll identify a great target market for your products.

What are your trigger markets? What life changes suddenly put people into your target market.

There's Never a Lack of Ideas

Monday, November 19, 2012

Where are the doomsday ads?

Mayan Predictions
According to the ancient Mayan calendar, the world will end on December 21st, 2012. That's just days away! Where are all the doomsday ads? Think of the opportunities:
  • The world is ending in a month, so buy that Mercedes you've always wanted now.
  • You only have a few days left; take that Apple Vacation you've always dreamed of.
  • Eat like there's no tomorrow because there might not be! Join us at Red Lobster for all you can eat lobster and steak.
  • Buy a Tiffany's ring and propose to your girlfriend. Don't experience the end of the world alone!
The biggest opportunity for doomsday marketing is for non-profit organizations trying to attract donations. They can ask for all your money before the end of the world — do a good deed before we're all gone!

Headline Marketing
I call this type of marketing communication that uses a current event in the message, "headline marketing." There are two major benefits to using headline marketing:
  1. You can get free publicity. Often times, by attaching your brand to stories in the headlines, you can earn a few free stories in the news.
  2. These types of brands are cool and flexible. You have to be nimble and fast to respond in order to engage in this type of marketing. In general, customers like brands that are quick and hip.
Add This To Your To-Do List
Headline marketing can be pretty fun. When done properly, a brand can really gain some great publicity and improve its image. What type of offer would you make in a doomsday scenario? The possibilities are endless and I'd love to hear your ideas.

There's Never a Lack of Ideas