Coca Cola decided to do something about it. It created a marketing program to encourage & reward Twitter users to use the platform to tweet positive & happy message.
To achieve this objective it introduced the world’s 1st Vending machine, which was programed to set the price of a can of Coke based on how positives your tweets were.
This is how the Vending machine worked. Take yourself. When you faced it, you will be requested to key in your Twitter @username. The Vending machine, using analytics, will quickly analysed your tweets & conclude if your tweets are positive or negative – and accordingly set the prices of Coke can you have to pay. If the algorithm determined your Tweets were positive then you have to pay less – even zilch - yes absolutely free. Conversely, if your tweets were deemed to be negative the same can of Coke will be priced dearer for you.
This marketing program has the necessary ingredients to engage young adults, personalize rewards for them & offer them instant gratifications.
Business Lesson for us: 1. Create a marketing promotion, which will reinforce the Position of your brands. 2. It would add value to your brand if it has the power to create ‘buzz’. For that it should be so engaging that customers should talk about it & in extreme cases also brings about a change in their behaviour.
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In this series, Rajesh Srivastava, Business Strategist and Visiting Faculty at IIM Indore gives you a regular dose of strategy case studies to help you think and keep you one step ahead as a professional as compared to your peers. Rajesh is an alumnus of IIM Bangalore and IIT Kanpur and has over 2 decades of experience in the FMCG industry. All previous Strategy with RS posts can be found here
Comments
ramji yahoo
contribute to society thru management audits, cost audits
Lovely to read
4 Oct 2015, 01.10 PM
Rajesh Srivastava
Glad you liked it Ramji
4 Oct 2015, 02.22 PM
Pranav Indi
Brilliant read sir!
4 Oct 2015, 03.02 PM
Rajesh Srivastava
Pranav your feedback means a lot to me.
4 Oct 2015, 03.05 PM
Kranti Abinash
sir your tips are so interesting and motivating,I always get more ideas and energy to run faster in the path of my dream,thank u sir
4 Oct 2015, 05.06 PM
Rajesh Srivastava
Kranti thanks so much for your feedback. It makes me feel so good.
4 Oct 2015, 05.29 PM
Vedant Khaderia
Amazing. Becoming a big fan of you Sir. Makes me wonder about all the corporate happenings all around the world.
4 Oct 2015, 11.35 PM
Rajesh Srivastava
Vedant, we should practice 'mindfulness' & always be 'curious'. Great things are happening all around us.
5 Oct 2015, 12.16 AM