Red Bull Strategy and Brief Introduction

1681 Words7 Pages
Red Bull Strategy and brief introduction Red Bull strategy could be mainly aware by its consumer from their logo and sponsorships for every kind of extreme sports event. Once Red Bull was a king of energy drink brand in the market, till 2004 Red Bull found itself at a crossroad, challenged with defending its 70% worldwide market share of the $2.5billion energy drinks category that it had pioneered. Red Bull strategy was centralized, however they chosen to make each own area with fully responsible for marketing and distribution. This strategy contributed to the perceived exclusivity of Red Bull. Instead of using traditional advertising strategy, but sponsoring youth and culture and extreme sports events, Red Bull successfully delivered the image of their brand, consistent with the brand’s slogan, which indicates a two thick-necked crimson bulls in facing against the sun whereby showing the essence of manhood and aggressiveness. Their new brand’s marketing strategy has publicized distinctively. Making consumer believing to them the part of the extreme sports. Target Customer Description This section would be describing target customer for new brand mainly base on four targeting characteristics. Demographic The targeted audience for the new brand will be considering from age 18 till the age of 50’s, the gap of targeted audience is huge to attract more consumers and gain higher market share. The brand is considered as affordable product segment which can be afford by students and employees which means that the income structure of the target customers are huge. Moreover, gender structure of the targeted consumer can be unisex. Geodemographic Geodemographic is a mixture of the word geography and demography. In this segment, the new brand would be targeting places whereby people who are obesity, based on the research America, South America and Europe

More about Red Bull Strategy and Brief Introduction

Open Document