mkt- gopro imc
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15-20 Minute Presentation Over Integrated Marketing Communication. My was personally in charge of composing the flow and slide deck. In addition, I taught the concept of IMC.TRANSCRIPT
Integrated Marketing Communication
Reagan | Kelsey | Janet | Ruikun Marketing and Product Brand Management 3320. 001
Integrated Marketing CommunicationDefinition: “IMC”, integrates all promotional tools so that the tools come together and deliver a message in harmony
Key Points about “IMC”
• Simple, simple concept
• As of a 1995 survey, the results revealed that most managers lack expertise in IMC
• Even many agencies did not recognize this concept until the 90s
• This lack of ‘know how’ is then compounded by overall, lack of commitment to the concept
Components of ‘IMC’ • Bedrock/ foundation on which campaigns’
success
• Must be unique and universal to speak to the perceptions and moods of their audience
IMC Done Right• Every successful marketing
campaign
1. GoPro “Be a HERO”
2. Snickers “You’re not you, when you’re hungry”
3. Red Bull “Red Bull gives you wings”
4. Kraken Rum “Release the Kraken!”
4 C’s of IMC• Coherence: Different
communications are logically connected
• Consistency: Multiple messages support and reinforce and are not contradictory
• Continuity: Communications are connected and consistent over time
• Complementary: synergistic, sums or parts add together to get a greater whole
4 C’s for Snickers
• Coherence: Online, print, tv centralize on the same theme
• Consistency: regional ads aired with local celebrities and branched out to the same people to promote on their social media
• Continuity: Aired in 2010, staring Betty White
• Complementary: 1st 3 months= 13.4% sales, 18,000% increase in YouTube searches and over 400 million incremental and unpaid media impressions
“You’re not you, when you’re hungry”
Barriers to IMC
• Functional Silos: power struggles, implementing a uniform idea and message may rub people the wrong way when it comes to budget or power base
• Stifled Creativity: all about perception and isolated communications can hinder productivity
10 Golden Rules of Integration
1. Gain Support
2. Integrate at all levels
3. Ensure Visual Uniformity and Standards
4. Focus on clarity
5. Start from scratch
6. Think customers/ users first
7. Build relationships and brand values
8. Develop a marketing information system
9. Be prepared to change
10. Share and expansion
GoPro HistoryFounder and CEO: Nick Woodman
“World’s Most Versatile Cameras”
2002Founded $150,000
of product sold
20041st 35mm film
camera system sold
2006$800,000 revenue
2007$3.4 million
revenue
Product Line-up
Direct Competitors
• Drift Ghost- S
• Panasonic HX- A500E
• Sony HDR-AS10
• Garmin VIRB
VIP Membership Program• If currently working for a business partnered with
GoPro for VIP membership program
Fun Fact
April 2014: GoPro was listed by Adweek as on of the “Top 10 Best Brand Channels” on YouTube
Fun Fact
Woodman started the company following a 2002 surf trip to Australia
Where to Purchase
• Online
• Big Box Retailers
• Specialty Shops
• 3rd Party Online Sites
• Resellers
Warranty Policy• GoPro website states that they will only give full
refunds in first 30 days if the user returns it because they did not like the product, NOT because it was damaged in any way.
• 1-year manufacture warranty, no accidental damage coverage
• Instructions clearly state how to prevent damage
Sponsorships• Several extreme sports to companies
• Offer customers the ability to become featured when using their product in a creative way
• Many ads are actual user’s footage
• Submissions are always encouraged
Existing Sponsorship
Existing Sponsorship
Many United States Olympic Athletes
Lindsey Vonn Eric Willett Julia Mancuso
Co-Branding with Red Bull• Both target consumers that
enjoy active thrilling lifestyles
• Profitable Partnership
• Red Bull’s extreme events are captured using GoPro’s cameras and accessory line
• 2012: Red Bull “Stratos” space jump stunt is one of the most famous events captured with GoPro’s camera and accessory line
Existing Sponsorship
2014, Established Surf Team
GoPro Gets People Amped
Marketing Success• Community has been
created among the users
• Anyone can be a Star or Extreme Athlete
• Users crave the thrill and overall association
“Be a Hero”
• Firefighter rescues Kitten
• One of the 1st user-generated video that went viral
Social Media
• Facebook: 360 degree video
• Instagram: Dogs of Instagram
YouTube
• Over 3 million Subscribers
• 2014: 521 million views
• Today: 982,112,139 views and counting
Everyday Applications
Documenting memories: Wedding
Child births Workouts
Everyday Applications
Work Flow Supply Chain
Everyday Applications
Planning to buy one
Everyday Applications
CSR at Walmart
SWOT• Strengths: Unique angle on the
market
• Weakness: Majority of advertising is extreme sports only
• Opportunities: Acknowledge the “Everyday” Hero and market to a wider fan base
• Threats: Competitors with lower price points
4 C’s for GoPro• Coherence: Different communications are logically
connected
• Consistency: Multiple messages support and reinforce and are not contradictory
• Continuity: Communications are connected and consistent over time
• Complementary: synergistic, sums or parts add together to get a greater whole
4 C’s of GoPro
Coherence | Consistency | Continuity | Complementary