Monday, December 21, 2009

Marketing Strategy : Celebrate Your Big Ideas

So you have got a big idea... then what ?

Getting a big idea in this tough competitive market place is a lottery and when consumers love that big idea, it is nothing but a jackpot. We are living in a world where there is intense competition even for taglines and positioning. Even in this scenario, it is surprising to see how marketers fall short of taking advantage of that Rare Big Idea.

Take the case of the ZooZoo. The ZooZoo had an unprecedented success in India. This was one of those rare occasions where consumers get emotionally attached to a campaign. Viewers loved the character and celebrated it through blogs and social media.

But what did Vodafone do ?

Nothing...

Off late there has been reports that Vodafone is planning ZooZoo merchandise. But nothing has happened in this regard ( atleast in the place where I live).

It is time that marketers wake up to the idea of celebrating their big ideas. Most of the marketers are still hooked on to spreadsheets and media plans. Brand Promotion ismuch much more than putting 30 seconds ads and then looking at the results.

Ideally Vodafone should have milked ZooZoo to the maximum. It could have developed merchandise like dolls, t-shirts, keychains, collectibles etc on these lovely characters which could have given the brand ways to get into the heart of millions of youngsters. There were countless opportunity for the brand to build a community around ZooZoo.

But so far nothing happened. What a waste of opportunity for the brand. The one and only one reason for this wastage is that one may not be able to project the ROI for such a celebration atleast for the short-term.

Take the example of Disney. When they have hit upon a wonderful cartoon character, they will explore all the marketing opportunities around it. But Indian marketers are not yet open to such celebrations. When Nike hit upon " Just do it " slogan , it created a huge celebration of it. Accenture celebrated its association with Tiger Woods to the maximum ( yes yes.. I know what happened later..), MRF celebrated Sachin and his MRF bat to the maximum and even launched MRF cricket bats.

Take the case of Idea cellular brand. The brand hit upon a wonderful tagline " An Idea can Change Your Life " and the brand celebrated the big idea wonderfully well. It innovated upon this big idea, used the entire promotional mix around this idea and no wonder, the brand has excellent top of the mind recall. But still the opportunities for Idea lies beyond mere advertising and hoardings. It could have done many things to take the ownership of this big Idea. Compared to Vodafone, Idea is much ahead in capitalizing on its big ideas.

When your company hits upon something big whether be it a tagline, a character, a logo , don't hesitate to celebrate it. Create games , create dolls, give away keychains, market collectibles, use social media to build community around your big idea . Put your resource behind that big idea. Own it , celebrate it and enjoy the rewards.