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Fad marketing
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For a while now, consumer
goods companies have
been experimenting with fad
marketing – where a new product
is introduced with a swift, highly
targeted marketing campaign, in
which a new product is abruptly
put on sale for a short period of
time and when it is sold out, is
removed from the shelves just as
abruptly. After having enjoyed
a shelf life of just a few months,
the product, in fact, is taken off
the production line altogether.
This launch of limited edition
products is called fad marketing
and is becoming a strong tool in
the art of selling when it comes to
creating brand awareness. |
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The soft drink giant Pepsi
is a master at this gambit. Its
Indian branch, almost every
summer, fad-markets a new
drink. Pritha, who works in the
creative team at JWT-India, the
advertising agency that handles
Pepsi, explains the promotional
technique: “We have introduced
Pepsi Sorbet and Pepsi
Cappuccino during the summer
months and then taken them
off the shelves once the season
was over. We then introduced a
new drink next summer and it’s
worked very positively for the
brand.” |
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Recently, Pepsi along with
Suntory, after two years of
research, formulated a drink
called Pepsi Ice Cucumber Soda,
tested it in selected markets,
and then put it on sale in Japan.
Japan was the chosen market
because the Japanese go for
anything that’s ‘limited edition’
—a niche they know as ‘gentei’.
Nestle has also experimented in
Japan with limited editions of
KitKat in various fl avours such
as Cantaloupe Melon and, yes,
green tea with red-bean fi lling. |
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