What are Red Bull’s strongest points as more companies enter the energy drink industry and gain market share?
Red Bull’s strongest point is, its marketing strategy to sponsor
collaboration with expert athletes, teams, dancers, filmmakers, and musicians and Red Bull also organizes its events strategy. It made them successful because they reached 166 countries selling their product. The company explicitly executes its product and attained the trust of adolescents worldwide, that are mostly young and adventure-seeking.
2. Should Red Bull continue to do more traditional advertising even in
today’s modern generation? Why or why not?
In my opinion YES. Because traditional advertising is still helpful and
has a huge impact on everyone. For example one of Red Bull’s traditional marketing advertisements is a billboard, it’s helpful for some people on road to see Red Bull advertisements without looking at their devices, not only adolescents can see the advertisement but also older people, a short glance might catch the audience’s attention and purchase the product. 3. If you were to work with Red Bull, what marketing strategies or activities would you suggest? Even though Red Bull preserved traditional advertising I still recommend improving and innovating its company’s strategy. With the generation and technological advancement, digital marketing will also do a lot and reach many people. One of the best options is ‘display ads’. Here people whose visit websites have a possibility to see the product and might get their attention to purchase it. Expanding its digital marketing advertisement will help the company to continue to reach more customers.