Jim Beam Gentleman
Transcription
Jim Beam Gentleman
Jim Beam Gentleman Contents Executive summary Situation Analysis Research Objectives Creative Strategy IMC Media Summary Group 4: Anna Johnson Dana Lenkus Sandy Guan Melissa Fink Casey Deeter 2 Executive Summary & Situation Analysis 3 Executive Summary Seven generations of greatness have been working together to create Jim Beam as the best-selling bourbon in the world. From its beginnings in 1795 Jim Beam has grown into Beam Inc. and the strong brand it is today. The brand is currently at a crossroads. Jim Beam has a strong and loyal current consumer, however, there is such opportunity is expanding and reaching a younger demographic. Through research and a thorough understanding of a new, young, urban male drinker, Jim Beam’s opportunities shown through. Through primary research it became clear the challenge is not getting these drinkers to drink hard alcohol, but to drink Jim Beam. In order to accomplish this goal the new task is to create a brand image that appeals to this younger demographic. Through a combination of integrated marketing components, Jim Beam will have success with this new target demographic. The overall message of sophistication through a “Jim Beam Gentleman” campaign will attract new consumers without offending current consumers. This key message will be spread through traditional media, but mostly through digital and social media to create a community and dialogue about not just the product, but concept of sophistication. This campaign will successfully compete against Jack Daniels and even indirect competitors like beer, by persuading this target audience to drink Jim Beam. The Jim Beam Gentleman concept is about creating a sophisticated community that every urban male strives to be a part of. 54 Research Summary We conducted a survey with fifty (50) respondents and ten (10) in-depth personal interviews within this sample, hoping to gain an insight to target audience’s lifestyle, drinking habits, social media involvement. This information allows us to analyze what people drink, what possibly motivates them to drink, and who they are drinking with. 45 Situation Analysis Company Research Company Mission “Bourbon history, much like the Beam family bourbon dynasty, mirrors U.S. history. Rebellion. Progress. Heroes. Facts. Legends. It's why bourbon is, and will always be, America's Native Spirit—a spirit the Beam family has had a tremendous hand in helping to create, foster and grow, both in the U.S. and abroad, as key players in a great American story.” The mission of Jim Beam is to make the highest quality bourbon on the market. What does Jim Beam do and how do they do it? Jim Beam owns distilleries in Kentucky, where they use all-natural ingredients to create their bourbon. There are about 850 employees who work in Kentucky to create Jim Beam products. The company has been making Bourbon since 1795. They have grown with America’s history. Today, Jim Beam still makes one of the top selling whiskey brands is the nation. This campaign’s purpose and focus is to expand awareness of Jim Beam drinks to a younger, more urban market. The company, Jim Beam, creates, markets, and sells their products. The creation of the whiskey and bourbon is clearly and conveniently laid out on their webpage. (http://www.jimbeam.com/about-bourbon/the-bourbon-process). This process explains exactly how, where, when and why Jim Beam makes their product. In terms of being authentic and the worlds #1 bourbon Jim Beam does a great job at being clear at their goals and how they achieve them. This in turn builds their credibility. In terms of marketing, Jim Beam uses numerous media outlets. In the past the company has used commercial, print, and billboard advertisements. Jim Beam has a partnership with Rolling Stone magazine and ESPN networks. Recently, Jim Beam has decided to start using digital advertising such as Facebook and Twitter. The company sells their product at liquor stores and bars. 6 What do they do differently? The company stands out against competitors because of their established target audience and consumers. In the past, the main consumer of Jim Beam straight bourbon is a 40 year old male, who consistently and loyally drinks Jim Beam. Jim Beam is so established within this market and has decided it is time to focus on a new, younger audience in addition to keeping their primary target. Jim Beam captures this older, most sophisticated market by advertisements such as this one: This print advertisement reads, “Choosing the highest rated North American Whiskey. Not its trendiest”. This specific advertisement exemplifies the way Jim Beam markets it’s whiskey as original, sophisticated, and authentic. 7 Situation Analysis What are they best at? The company has such a long line of history which dates back to the 1800s. The company does a great job at pushing the importance of age, wisdom, and history in the whiskey industry. Jim Beam capitalizes on the fact that bourbon gets better with age. Since Jim Beam has been around for over one hundred years, which proves that the company must have a tasteful selection as well as an efficient distilling process. The way that Jim Beam advertises the company’s history is another way of telling their consumers, “Hey, we have been doing this for a long time, so you can trust us”. More specifically, the company overall has gone by the name Fortune Brands Inc. up until this year when the CEO and Beam President, Matthew Shattock decided to change the name to Beam Inc. Fortune Brands Inc. previously owned units that sold golf, home, and security products as well as Jim Beam. The decision to change the name came easy to the company because the success of Jim Beam products has always outweighed the other sections of the company. Therefore, as a company in general, Beam Inc. is best at producing and selling whiskey. What are their limitations? The limitations of Jim Beam as a company vary. There are financial limitations in terms of how much whiskey can be made per year and how much money can be invested in advertising every season. These are common limitations that every business will face. For the new digital marketing campaign that the company is about to launch, there are more specific limitations. Jim Beam is so well established among older adult male drinkers, so it will be difficult to recreate the brands image. The new market of drinkers that the company hopes to gain is younger, more urban and hopefully more diverse. This means that the marketing will have to change in order to grab the attention of these new potential consumers. 8 What are other people saying about them? Due to the company’s recent change from Fortune Brands Inc. to Beam Inc. it is clear that their reputation and success within the liquor and spirits industry is well-known. Stockholders, investors, and consumers in general know Jim Beam as a top seller of whiskey. However, in the new target demographic not much is being said about Jim Beam. It is considered an older man’s drink, which is why it does not have a presence with this group. What does their past and future look like? Jim Beam has a history filled of success. They have established brand recognition and consumer loyalty. The future for this company is a mystery. With the recent selling of the home and golf unit, the company has made room to focus primarily on liquor sales. This sales move indicates confidence and must have been strategically planned so the future is looking positive for the company. 9 The Consumer Jim Beam has a long-lived reputation as a noble whiskey appealing to a specific target audience. Consumers of this drink can be characterized as an older, wealthy, experienced, white, southern male who primarily drinks Jim Beam on the regular. Typically, you don’t see this as the drink to be passed around on a Ladies Night Out, or a college dorm party for those just starting off drinking. That is why for nearly 200 years of marketing, the male audience drinking in a non-social setting appeals the most to older, shall we say, gentlemen with experience in drinking whiskey and other hard liquors. For its track record, the advertising campaigns of Jim Beam have been trying to appeal to many different cultures, including the Hispanic and Latino demographics in 2002, but still focus on appealing to the boys. It has been said that in creating this connection between such groups will be like “embracing friendships among young adult males” With Jim Beam setting efforts towards expanding the variety of drinkers that exist among its fans, this whiskey seeks opportunities to broaden the target market by specifically trying to motivate certain groups of men. So what age is drinking Jim Beam? It isn’t the college aged-beer drinker who forces the drink down in order to surpass sobriety, and it surely isn’t a group of girls who are out to ‘taste’ their fruity drinks made from vodka one sip at a time. A Jim Beam drinker who prefers to take the whiskey straight is characterized as one that has many years of experience drinking alcohol and is willing to 1-up the effect of its potent and ‘strong’ flavors. This is the older male who has surpassed the dull effects of washed down beers, and chooses to do justice to unwind from his day with a crystal glass splashed with the effective Jim Beam bourbon/whiskey. The most experienced drinkers are the consumers who will be loyal, willing, and returning drinkers of Beam. More recently, the switch of age has been marketer’s main concern with how Jim Beam is being consumed. In addition, with the introduction of their new ‘skinny girl cocktails’, Jim Beam now adds some flavor and cuts out the calories to appeal to women in making a variety of mixed drinks. The social drinking scene, or going ‘out’ to consume Jim Beam, creates an entirely fresh and optimistic target to have Jim Beam appeal to. 10 The Market In getting a complete and thorough understanding of Jim Beam the brand and Jim Beam the whiskey the market for this product needs to be learned and understood. The market for Jim Beam includes the geographic location of our customers. Where are our biggest sales coming from? Are they coming from urban bars or does our market drink Jim Beam regularly in the home? Also, it is important to notice the timeline and seasonality around whiskey and Jim Beam. For example, if our market loves to drink Jim Beam on Halloween this is a specific sale that should be noted and understood. Finally, the frequency is another important factor in understand the market aspect. Geographically, several things are known about Jim Beam. First off, as Andrea Javor stated, the brand is extremely successful in the South. Jim Beam’s distilleries are located primarily in the South in states like Kentucky and Tennessee. Furthermore, the brand is weak and suffering in urban areas. Jim Beam’s competitors are at a similar price point in these urban areas so the market isn’t buying Jim Beam strictly for branding reasons. Kimberly Palmer described in her article, Rustic Bourbon: A Hit Overseas, Ho-Hum in U.S., the fall of bourbon in the United States, but the success abroad. European countries are able to use the American grassroots appeal to gain drinkers, but this advertising technique does not have the same effect in the United States. Looking at this article from the market of the product perspective gives a lot of information. In 1985 the US made up 91% of the overall bourbon market, but as of 2001 its only 64% . If anything this shows there is a huge market for bourbon in the United States. Another interesting number is that bourbon sales are up 25% in urban bars. This number will be crucial in attracting our new consumer base. This number is hopeful and shows we can gain even more numbers with the right approach. With all this said, Jim Beam is hoping to reach a specific market. Our market focus is these suffering urban areas in the United States. Jim Beam has its consumers abroad and in the South, but the new goal for the market is to obtain the geographic urban markets in the United States. Seasonality and when the market is choosing to drink Jim Beam is a very significant factor. After doing some research into IAB Internet Advertising Revenue Report it showed that the second half of the year continues to see a larger part of the revenue. In 2009, 52% of revenue was made in the second half of the year, in 2010 this number grew and 53% of revenue was made in the second half of the year. In fact, in the past 10 years the second half of the year has always shown higher revenue except for one year. This could easily work into our strategy. By knowing this information we could increase our frequency and touch points during the second half of the year to boost these later season sales even more. We already know that our client, Jim Beam, is trying to reach new customers in a specific geographic setting. So by using the requested urban cities and increasing the frequency during the latter part of the year could help to create a new consumer of Jim Beam. Also, as explained by Andrea Javor, whiskey is hot right now. It is a good time market-wise to approach this new market. The resurgence of the classic cocktail is booming. The girlier “sex and the city drinks” are dying out and bourbons are making a comeback. As for the frequency of the drink, whiskey is more of a drink to be enjoyed. It’s not like the typical American beers where the goal is to drink as many as possible to get drunk fastest. As stated before with the rise in whiskey drinkers comes the resurgence of the classic cocktail. These cocktails are more expensive than beer, so they may only buy 1-3 cocktails in a night, but they enjoy them much more than a beer. 11 The Product The Jim Beam brand is an iconic line of bourbon that has shown staying power among the countless brands of alcohol. The Jim Beam Original White Label was first produced in the Jim Beam distillery founded in 1795. Jacob Beam was the first to distill the bourbon. The bourbon was named “Jim Beam” in 1933 after Colonel James B. Beam. Colonel Beam was responsible for rebuilding the business after prohibition. The original Kentucky bourbon whiskey is made of corn, rye, barley malt, and water. While the Jim Beam brand remains true to its original vow of creating only the best bourbon, there are some things that have changed. The Jim Beam White Label bourbon whiskey is aged four years. The bourbon is 80 proof (40% Alcohol by Volume). This is the classic whiskey that is perfect for mixing with cocktails, or simply enjoyed on its own. It is an orange russet color with an aroma of vanilla and caramel notes. The taste “opens sweet with light caramel and vanilla flavors and later, a slight woody char. The finish is long, crisp, and clean, with a gentle snap.” The Jim Beam White Label comes in a variety of sizes; 50ml, 200ml, 375 ml, 750ml, 1L and 1.75L. 12 The Competition Jim Beam’s biggest direct competitor in the whiskey category is Jack Daniel’s. Jack Daniel’s Tennessee whiskey is the leading brand of Kentucky-based Brown-Forman Corporation and the world’s bestselling whiskey brand and industry leader with a case volume of 4 million sold annually. Although distributed in 135 countries, it is not available in Lynchburg, its headquarters and location of its major operational distillery. Compared to Jim Beam’s FaceBook presence of 1,069,020 likes and 18,226 active users, Jack Daniel’s has a stronger social media presence. Consumer Perceptions Jack Daniel's advertising campaigns have focused on the history and heritage of its brand, and through these campaigns, has created an iconic association of maverick independence to the brand. The whiskey is widely recognizable with its iconic black-and-white label on the equally iconic square bottle that honors the character and heritage of Jack Daniel, the brand's founder and first master distiller. The image of a Jack Daniel's drinker is one of defiance and independence. The central message and personality that the brand's marketing has been building upon is authentic and consistent to its heritage. Its current campaigns have been equating it with the independent American spirit, a shift that keeps the message consistent yet appealing to the market. Jack Daniel’s focuses on a central message of maverick independence is a solidly affixed personality that is consistent to image and values. CAMPAIGNS Sports Sponsorship Jack Daniel’s current advertising promotions in the United States include their continued 17-year sponsorship as the “Official and Exclusive Spirit” of the Professional Bull Riders (PBR) and has an official team of bull riders who support the brand with numerous appearances in the PBR National Tour. Music Jack Daniel’s, like Jim Beam, promotes through music with “Studio No. 7”, a website that allows consumers to select from over 200 soundtracks, mix them together to create custom music. Jack also supports artists with a “Studio No. 7” concert series that brings rising artists across the country for exclusive-access shows. Social Media Jack Daniels’s has an active social media presence on their FaceBook page as it currently holds 2,570,446 likes and 72,724 active users generating content daily by posting photos and comments, playing the Jack Daniel’s Barrel Bandits Game, and interacting with the brand. Jack also has an online digital campaign through FaceBook with “Jack Independence”, a campaign of posters and short films that toasts the independent spirit of America and is an extension of their brand personality. The campaign includes the Master Distiller’s toast. The content is customizable and allows consumers to make their own toasts and declarations to American spirit and independence. 13 Indirect Competitor Consumer Perceptions Beer is an indirect competitor to all bourbon and whiskey sales, especially considering the younger demographic market group that Jim Beam is targeting. Beer is the largest alcohol segment nationwide as it accounts for approximately 85% of all alcohol volume sold in the United States and annually generates over $91.6 billion in sales. Consumption According to the Brewers Almanac for 2011, the United States produced 194,169,303 barrels of beer and consumed 28.9 gallons of beer per capita in 2010. Also, domestic beer sales are declining but import beer and crafts are gaining traction. Beer consumption is maledominated, with men accounting for more than 80% of the volume consumed. A majority favors domestic light beers or domestic draft beer while females favor light beer or specialty micro brewed beers. Beer commercials have consistently focused on outdoor activities that present a challenge or risk of danger to the male. The central theme of masculine activity is then associated with being a challenge or mastery over self, others, or nature. Consequently, the beer acts as a reward for the male who has demonstrated his strength or proven himself, demonstrating his masculinity (Coors Commercial - http://www.youtube.com/watch?v=DMXbU4eNWlI) Another theme featured in beer advertising is beer as a symbol of male bonding as it brings the all-male group together. The beer is a reference point that unites the members of the group. They are not promoting sexual success, career advancement, self-enhancement, or respect from their peers, but rather a seemingly genuine image of average and ordinary, but distinctively male-only camaraderie and bonding. It presents an image of ordinary young men simply relaxing in each other’s company with their common reference point of an ice cold beer. (Budweiser Commercial - http://www.youtube.com/watch?v=JJmqCKtJnxM&feature=related) Advertising Campaigns According to a social media analytics report from Amplicate, in the last 12 months, social media users are very positive about popular beer brands on social media. A report reveals that FaceBook fans of popular beer brands were not only more vocal than beer brands' detractors but their opinions influenced farther online. The average fan of beer brands had 763 friends or followers on social media, while the average detractor had only 430 friends or followers. 77% of all opinions on social media about popular beer brands were positive because these beer companies’ strong presence online allowed consumers to discuss brand impact and marketing efforts. 14 Strengths Long-lived history Loyal Drinking target audience Well-established Strong Market Accessible Lower price point than competitor Variety of products within the line Threats Existing Competition New market not responding Loyalties are violated Social Ties to the competition Cheaper bourbon/whiskey more accessible SWOT ANALYSIS Weaknesses Not a versatile consumer Not consistent in Advertising Inconsistent brand identity (symbols, icons, etc.) Opportunities Creative Marketing to appeal to a younger, more diverse target Recreate the brand image More variety in their products Go beyond the typical bourbon/whiskey products 15 Research 6 16 Objectives Through research, we will gain understanding about what makes our target audience choose or not choose Jim Beam. We do not know if our target demographic drinks or desires to drink Jim Beam. This research will help us determine what it is that makes our target market drink in general and more specifically, Jim Beam. From this research, our group will also learn about the drinking patterns and lifestyles of the market. Gathering information on the occupations, social lives, and affluence of our target market will assist is answering the things we do not know, which is the general objective of our research Strategies For our strategies, we decided to use both a quantitative approach and a qualitative approach. We implemented a survey to fifty people to gain a better understanding of drinking habits. We asked an array of questions from what they believed the most popular whiskey to be, to what a typical weekend looked like for them. This information allows us to analyze what people drink, what possibly motivates them to drink, and who they are drinking with. These statistics allow us to delve into the patterns of drinkers and help us pinpoint who drinks Jim Beam and why. We also chose to conduct a total of ten in-depth interviews. These interviews were conducted by each member of the group and were intended to be free-form where the questions were at the discretion of the interviewer. This qualitative data allowed for us to find out the habits, in depth, of drinkers who drink Jim Beam, and also those who do not. The target audience was certainly taken into consideration from these two methods of primary research as we tried to get an extensive sample, but also include people who fit directly into our target audience. The survey had an array of people marking their answers, but the interviews were to find more pertinent information. Methodology We selected 50 people chosen from a diverse range of age, geographic location, professional occupation, different lifestyles and drinking preferences Each market researcher contacted 10 different respondents who voluntarily took the 14-question survey. The purpose of this survey was to find out exactly how many people drink Jim Beam, and what the preferred drink of choice was consumed by males and females ages 21 to 50. Secondly, for the qualitative research, we each conducted a 5 minute interview session with a peer, or someone that fit the criteria of the target audience. Primarily reaching out to the personal networks in our survey, the market research team reached out to their fellow classmates, colleagues, or families. A random respondent from the bar-setting, or someone who was spontaneously asked to conduct the interview portion of the research was Over the course of 2 weeks, researchers were able to conduct a 10-survey and 1 interview study in order to get a sound variety of age and locational demographics. 17 Problems & Opportunities PROBLEM: Willing to spend on alcohol but research indicates that they are NOT spending it on Jim Beam OPPORTUNITY: Pricing is opportunity to use as an advantage as Jim Beam is a less expensive alternative to Jack Daniel’s or other whiskeys. We can emphasize that Jim Beam retains the taste of quality whiskey without the high prices of our direct competitors. 18 Problems & Opportunities 25.2% of adults’ daily media time is spent on the internet and social media, but received just 18.7% of US ad spending. Participation is a valuable indicator of success An engaged customer is a highly valuable one. Create touchpoints that have high relevance to consumers. Develop an emotional connection between consumers and the Jim Beam brand. OPPORTUNITY: Jim Beam should take advantage of the dynamic and rapidly growing presence of digital and social media. The competitive market still spends a large amount on traditional mediums while technology provides a great opportunity to establish many touch points but spending on digital has not risen to match consumption patterns. Capitalize on the both the current popularity of the bourbon/whiskey category and the accelerating dominance of social media Create meaningful connections and experiences with the target consumers. A large number of Jack Daniel’s drinkers are open to the possibility of drinking Jim Beam. Redeploy money, time, manpower, or efforts to maximum effect to promote deeper experiences for consumer with the brand. 19 Jim Beam is not capitalizing on the social and digital media opportunities to create touchpoints with targeted young urban consumers. Pages could be stronger and encourage more 2-way dialogue 20 Target Market Profile Age: 21-45 Young Professional Urban Residence Social Drinker Digitally Active Meet Dave! Dave lives and works in Chicago, IL. He just moved in with his girlfriend and their new dog. Dave is a young professional who commutes to the Loop for his 09:00 – 5:00 job where he will often go out for drinks with his friends and co-workers after work. Dave has a iPhone with which he constantly checks his email, FaceBook, Twitter, and YouTube. He says social networking plays a huge role in his and his girlfriend’s everyday life. 17 21 Objectives Live in Sophistication as a Jim Beam Gentleman instead of Jack Daniel's 'rockstar' image 22 Objectives Marketing We want to focus our marketing strategies in major cities Los Angeles, New York, and Chicago. This will give us a good measurement on the products that are sold. The main goal is to increase sales by 10% from the summer of 2012 to 2013. We will measure this by amount of the product sold in and around these major cities. Communications Objectives The main goal is to increase Jim Beam’s presence online as well as increase brand awareness. We want to make the official Jim Beam Facebook page interactive: Increase the amount of “Likes” by 20% Increase Twitter following by 20% By keeping a consistent brand image on social media outlets, in hopes to gain more awareness Follow celebrities on Twitter (endorsements) Send out promotions to Facebook Fans 23 The marketing and communication objectives of our Jim Beam brand campaign is to increase brand awareness as well as Jim Beam sales. We decided to focus on three major cities, New York, Los Angeles, and Chicago. With these being the major cities, we will be able to track the amount of increase in sales in and around these cities easily. To increase brand awareness, we want to make Jim Beam a more interactive brand via social media. From the marketing standpoint, Jim Beam has the opportunity for expansion of their brand image to take their whiskey to a more sophisticated level. By exuding this sophistication through print ads as well as other media efforts, Jim Beam can grow as a brand with a consistent image. The competition of Jack Daniels can we set aside because with this rebranding effort, the two brands of whiskey will be able to stand alone, both representing a different target. From the communication standpoint, we want the Jim Beam brand to be more interactive with their consumers. We want to attract more sophisticated “Jim Beam Gentlemen”. For this objective, we plan to begin following celebrities that we feel represent the Jim Beam brand well and re-tweet what would constitute as a #JimBeamGentleman tweet. The followers of these celebrities would then link to Jim Beam, seeing the correlation. We also plan to use FaceBook as a platform for promotions and Jim Beam contests so that the consumers can interact with the brand more. The marketing communications strategy will merge both public relations and advertising to be the brand out to the public. We want to attract a specific demographic of males that reflect the Jim Beam brand of tradition and excellence. Through print advertisements in meticulously chose print media, we hope to reach the specific demographic we are looking for. Sales promotions and contests will be easily accessed through our social media pages. Consumers are able to deem themselves a “#JimBeamGentleman” on Twitter, as a bragging right that they uphold the classic qualities of a true gentleman. All of these efforts combined will help to accomplish our objectives as well as bring the Jim Beam brand to higher recognition and esteem. 24 Creative Strategy The creative strategy for the Jim Beam campaign is going to emphasize the idea of the Jim Beam Gentleman with a contemporary, urban setting. To formally compare and contrast the images of preconceived notions about whiskey drinkers as older and more conservative. Our main goal is to transform the look of a new type of lifestyle. Moving away from the ‘rockstar’ party-goer or someone who drinks to an obnoxious level, the ideology of having Jim Beam as the ultimate drink of class and sophistication would help attract the younger, more urban landscape of our target demographic audience. 23 The purpose that we are advertising this campaign is to clean up the look of Jim Beam, sharpen the sophistication about this high-life style drink, and maintain an image that was able to attribute to the long-going success of the particular product, White Label. Reaching the urban landscape for young businessmen ages 21-40, or ideal intention would be to drive up the sales of Jim Beam through appealing to a younger, more viable target market of ‘class’. 24 25 IMC Strategy Live in Sophistication as a Jim Beam Gentleman instead of Jack Daniel's 'rockstar' image 26 Tactics Our print advertisements would be that of our strongest within the magazines that we channel them through: to maintain a consistent image of a young, good-looking, business professional male who enjoys drinking Jim Beam because he enjoys the reputation of such a lifestyle. Photographs of the model would show him interacting at the bar-setting in a comfortable, yet casual way without getting rowdy or out of control. The bar atmosphere would be that in an urban setting that is newly renovated, elegant, and ‘the place’ where all male professionals would hang out. We would like to push the idea of the billiards room, just because it has that classic and traditional feel, yet is appealing to the men of elegant sophistication, playing together without causing a scene. 27 Cleaning up the Facebook page would help focus the attention of the followers on the concept of being a gentleman, and doing gentleman-like things for society. The overall idea of trying to connect with the audience to appeal to the particular lifestyle would help us be recognizable, memorable, and marketable as a brand image in the Alcohol industry. Social media that follows this image would help the interactions among our community for both men and women who will be raving about the 'Jim Beam Gentleman.' Tactics 28 Tactics A viral video contest would enable the majority of our followers to interact in a more competitive way. Since men are typically more competitive when they want to accomplish something, the viral video contest would help drive up sales as well as spreading the awareness of this new concept. Not only will people be acting in a tasteful way, but also enabling Jim Beam to be implemented in their lifestyle. YouTube and labels with QR codes, located within 150,000 Jim Beam White Label drinks would interactively utilize this particular contest. + = 29 Tactics Samplings: Mixing together a new combination with class of Pepsi and Jim Beam, instead of the traditional Jack and Coke. 30 Media 31 Media Objectives Key Message: “Jim Beam Gentleman” Achieve minimum 35% reach of young professional men (ages 21-45) in urban areas like Chicago, New York, and Los Angeles 3 or more times per week. This cannot be obtained using traditional media alone. To supplement this, the remaining budget could be dedicated to creating a stronger social media presence. 32 Where should we advertise? (location and medium) 3 Major cities - New York, Chicago, and Los Angeles • Transit- subways cars, bus shelters, billboards on large highways • Online and print ads in magazines to these areas, in-house advertising in restaurants and bars. Advantages of transit advertising – increase visibility of Jim Beam by the local commuters. Our main target is the 9-5 pm young working professional. Will increase brand awareness. This is a pretty affordable medium and has minimal disadvantages. Advantages of Magazine Ads - both print and digital. Esquire, GQ, and Modern Luxury are magazines that share the same target audience as our Jim Beam campaign. This will increase our visibility with that market. Disadvantage- Prices are highest for this medium. We will use flight advertising for this. In-house advertising in restaurants and bars. This is a cheap and effective way to increase visibility. Which specific media vehicles should we use? Magazine Advertising – Print and Digital Public Transit – Subway cars. Bus shelters, billboards In-house – Local Restaurants and Bars When should the advertising be concentrated? (Seasonality, time of day, etc.) We will heavily advertise in the fall and winter months because our secondary research shows that these months are when Jim Beam sales are the highest. Web and In-house advertising is the cheapest and will be continuous year round. How often should we run the advertising so it breaks through? . Flight Advertising – Magazine, Transit; This will reinforce the message of our campaign in the most important sales months of the year. Jim Beam is known as a “wintery drink” so it will increase brand loyalty in the fall and winter months. Continuous advertising – Web, In-house; these are our cheapest advertising platforms. We will run ads, Facebook promotions, and digital advertisements year round. Our target audience is very digitally-savvy and use social networking so this is a very favorable medium to take advantage of. 4 Important Questions 33 Target Audience Age: 21-45 Young Professional Urban Residence Social Drinker Digitally Active • Lives and works in an urban areaSpecifically Chicago, New York, and Los Angeles • Young Professional , works 9-5 • Goes out to drink at bars, social events, group gatherings, at least twice a week. • Active participant in the digital age. Uses Facebook, twitter, YouTube, flikr, and blog sites multiple times a day. 17 34 Media Mix 35 Media Tactics Continuity Schedule/Flow Chart: This chart indicates which months we advertise using specific mediums. June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. March April May Magazines GQ Esquire Men's Book Non-Traditional Cross-Ruff Sample Out-Of-Home Transit Place Based Bars/Restuarants Web The campaign starts in June of 2012 and ends in May of 2013. We want to start our campaign in June because it gives us a few months to increase brand awareness before the target selling months hit. Budget $645,748.00 $1,416,600.00 $ 20,000.00 $1,206.00 $23,792 $1,000 $1,000 36 Cost Estimates These are rough estimates are based on the pricing that was accumulated from company websites, phone messages, and research. Our final cost estimate is $2,104,859.33 – Notice that our budget is almost half of what the campaign was originally given. This is because our campaign is placed emphasis on the success of our YouTube contest as well as the social network re-vamp. This is a low cost digital make-over for Jim Beam. Our rational for this is because our target audience is very in tune with social networks and is digitally-savvy. We suspect that our digital campaign will do well; therefore we have more money to spend once the campaign kicks off. 37 Print/Digital Advertisments GQ.com Esquire.com Modern Luxary.com facebook.com (cost-per-lead) $161,437.00 $118,050 $ 5,000.00 $10.25 4 12 4 50 $645,748.00 $1,416,600.00 $20,000.00 $512.50 $618.00 $948.00 12 12 $7,416.00 $11,376.00 New York City Transit MTA Rail Car $1,000.00 5 $5,000.00 Los Angeles Billboard $1,700.00 1 $1,700.00 QR Code Bottle/Label Production (150,000) $0.00 $1,206.83 1 order $0.00 $1,206.83 facebook twitter youtube - video production $0.00 $0.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 Out-of-home Chicago Transit CTA Bus Shelters (4 wks) CTA Brand Rail Car (4 wks) Non-Traditional Re-vamp Social Networking Misc. Total $2,104,859.33 Estimates Budget Sheet: Jim Beam Gentlemen Campaign COST/per ad Amount # Total 38 Summary Living in class and sophistication may seem simple and passé, however when a real gentleman is around it sweeps a woman off her feet and raises the quality of the people around him. The Jim Beam Gentlemen campaign will challenge men in urban environments to live up to this standard. The objective of this campaign directly addresses its biggest competitor in urban regions by stating the goal, “to live in sophistication as a Jim Beam Gentleman instead of a Jack Daniel’s partier.” This campaign will increase brand awareness in urban environments where the brand is currently suffering, but more importantly, it will create a dialogue and a relationship with the new target audience. It provides the new target audience with an outlet to brag about their gentlemanly acts, whether they provide a Youtube video of them doing something polite, a Facebook picture of their dapper outfit, or a Twitter #JimBeamGentleman hashtag. The whole campaign works to create brand awareness and a relationship at the same time. This thorough understanding of this target audience helps to relate to this new consumer. Research and analysis have proven that these groups will drink whiskey and bourbon. Half the challenge is already completed. At this moment the opportunity is for Jim Beam to grab these groups of consumers and encourage them to join the sophisticated Jim Beam Gentlemen community. 39