Entries by Darren Stevens

What can we learn from the £14 KitKat?

KitKat has been grabbing the national press headlines this week with the announcement that it will be selling bespoke hand made £14 KitKats from its website and selected John Lewis stores in the run up to Christmas. Chocolate fans will be able to choose from 1,500 flavour combinations. They will be asked to choose their base chocolate from either milk, dark, white or ruby – the pink-coloured chocolate derived from Ruby cocoa beans – and then select up to three flavours ranging from rose petals to popping candy and honeycomb.

But what can other businesses learn from such a move? First and perhaps most obvious is the fact that doing something sufficiently different from what you would ordinarily do (and a price difference of £13.45 over your standard product is a pretty big difference when your standard product is 55p) can grab the headlines. Okay it does help if you are an iconic household brand, but then others have also grabbed headlines with things such as the UK’s most expensive sandwich or cocktail. Whilst clearly KitKat hope to sell lots of these, the move is arguably justified by the publicity gained alone. Of course what is particularly clever about the bespoke and hand-made nature of this product is that they do not risk being left with lots of stock.

Next lesson is never stop innovating. Whilst the standard four figure bar is the most recognisable of all their products, KitKat has released a staggering 350 plus, different variations! In this instance they are using the build up to Christmas as a trigger, what are yours? Changes in the marketing landscape present opportunities for us – for example Chrome and Google’s move against insecure web-sites, the introduction of GDPR and the growing importance of Google My Business have all been good reasons to start conversations with current and potential clients.

Give people things to talk about, photograph and share on social media. I am sure there will be a stampede of people looking to be the first in their circle of friends to have bought a £14 KitKat. I was reminded of this only a week or so ago when my wife and I went for the Gin and Tea Tasting Menu at Mensahib Gin and Tea bar in Cheltenham. Every dish and particularly every cocktail was a work of art and cried out for sharing on social media.

Look for premium price opportunities. Any business will tell you how infuriatingly hard it is to make good profits, so any opportunity to charge a premium can be very welcome. A web and design company that we work with for example has introduced a premium, rush charge for projects that involve work outside of conventional hours and why not? Each client can then determine whether or not they really need it by then, whereas were the premium charge not in place then there is no deterrent to setting very strict deadlines.

All in all I would say fair play to Nestle and Kitkat – a job well done. Should they wish to send us a KitKat hamper for helping to publicise their move, then it would, of course be welcome.

,

And they are under Starter’s orders …..

Whether or not you are into Horse Racing there is an undeniable buzz in the air in Prestbury, Cheltenham and Gloucestershire as The Festival approaches. The statistics surrounding the Cheltenham Festival are quite staggering, here are just a few:

The economic benefit to the county is estimated at around £100 million
In 2016 236,472 pints of Guinness were consumed on the course
£2.3 million is taken out of cash machines in the town
Approximately 10,000 Irish racing fans come to the Festival
134,600 travel through the town’s train station
20,000 bottle of champagne are served at the racecourse
1 ton of beef is eaten on the course
The shuttle buses from the town centre to the course make 80,000 journeys
A typical jockey will consume no more than 1,500 calories in a day

The race meeting is also a focal point for Marketing of all kinds. For over a week now the betting companies have been promoting their Festival offers and there will be all kinds of stunts from them during the week to get their brand in front of the racegoers. The picture that accompanies this blog is of the giant Hollywood style Paddy Power sign put up on Cleeve Hill overlooking the course in 2010. Local pubs go to great lengths to promote their racing breakfasts. The local council offers free parking in its car parks to tempt shoppers into the town centre during the lull when the punters are at the racecourse and the Business Improvement District runs a competition for the best racing themed window.

Aside from the direct economic impact, what is the value to the town of being “put on the map” by this event? It is very difficult to estimate this, but a campaign to raise this level of name and brand awareness of Cheltenham would most certainly cost millions.

In the ten years of running Prestbury Marketing we cannot recall receiving an enquiry from a business or business person whilst they were visiting Prestbury for the racing, but maybe this year will be the year? If you or your business need help with your marketing or PR then feel free to get in touch.

Pupil changing name of School to “Prison and Hell on Earth” is a lesson for all businesses

Hornsea School and Language College in East Yorkshire was recently “rebranded” on Google as Hornsea Prison & Hell on Earth. The temporary change perhaps unsurprisingly attracting national headlines. Behind this enterprising prank is a lesson for all businesses of the importance of claiming your Google My Business page. This page is what produces the box […]

, ,

20 questions to ask yourself to understand whether your Marketing is working as well as it can be.

To say we live in interesting times is an understatement. Uncertainty around the world of politics, our relationship with Europe and the economy are occupying our minds daily (if not hourly). Combine this with the fact that despite all the labour saving tools at our disposal (both domestically and in our businesses) we all seem […]

New Pizza Hut “Now that’s delivering” TV advert – what is there not to like?

Pizza Hut has launched a bold new TV advertising campaign (watch the advert here) with the ambitious aim of “owning” the UK pizza delivery market in 2019. An audacious aim perhaps, but you have to admire the advert – well you don’t “have to”, but it undeniably has a lot going for it. The campaign is in the context of results for Pizza Hut (for last available full year to 3rd December 2017) that saw sales drop from £233m to £225m and a UK market for delivery and takeaway pizza that is reportedly worth £1,125m.

The advert has humour, very clear, strong unique selling points and even manages to repeatedly take a swipe at its main competitor, where we are left in no doubt who they are referring to despite the fact they don’t mention them by name. Admittedly in a 60 second commercial but Pizza Hut manage to squeeze in strong references to their taste (backed up by consumer research), 30 minute delivery guarantee, the fact they reward loyalty and their value with their “£5 Favourites”.

There is a well respected and still often used Marketing Model called AIDA, that outlines the steps that you have to take a consumer through to get them to respond to any form of marketing. The steps being (getting) Attention, (creating) Interest, (generating) Desire and (prompting) Action. We would argue that this ticks all these “pizza” boxes.

Only time will tell how successful the campaign will be, but it will be interesting to see and also see how Domino’s Pizza respond (surely they won’t just fall over?). Let the battle commence.

,

Social Media – What’s New – 12/11/2017

It has been a busy week in the world of social media, as Jenny Jervis outlines in this week’s update. Instagram Stat-attack Instagram Stories have now reached 300 million daily active users, which is up from 250 million for in June 2017. This platform continues to grow at a rapid pace and provides great opportunities for […]

,

What’s new in the world of Social Media

This is the first in a series of regular updates from Jenny Jervis on what’s new or interesting in the world of social media. The Internet of things The Internet of Things is big news for social media marketers due to the increase of devices that will be hooked up to the web. Its forecast […]