Bobbi Brown
Marketing Campaign
Bobbi Brown has three new product ideas, a line of anti-aging products, a virtual makeup feature, and beauty on the wheel. For these, the most comprehensive marketing campaign will need to be for the anti-aging line, as this is the idea with the most revenue potential. There are millions of customers interested in anti-aging products; the market is huge. This market also dovetails nicely with Bobbi Brown's existing core product (makeup) and its broad target audience. This marketing campaign will touch on all of the elements of the marketing mix. The anti-aging market overall is estimated to be worth $292 billion worldwide and the number of potential customers is expected to double by 2050, so the slice that Bobbi Brown is seeking to capture will also be worth several billion in total (A4M, 2014). Specifically to cosmetics, the market size is still $122 billion (PR Web, 2014) This means that the marketing campaign can be quite comprehensive in nature, especially given the relatively high markups in the makeup industry and the fact that distribution is going to piggyback on the existing Bobbi Brown distribution networks.
Tagline
Every good marketing campaign is built around a catchy slogan or tagline. The best of them, such as Nike's Just do it end up being worth billions to their companies, and are used for decades. Most taglines have a shorter shelflife, however. The key to a good tagline is that it needs to do three things. The first is that they convey brand attributes. They must also convey something meaningful to the consumer, and they need to be memorable. For Bobbi Brown, the slogan needs to embody the company's mission of delivering innovative, high quality cosmetics to a broad audience. The slogan should also means something to the consumer. What does the consumer of anti-aging products want? You have two choices here. The first is that you can sell the product attributes -- it makes you look younger, etc., - and the second is that you can sell the product benefits. If we look at a list of the best taglines and slogans, they use a lot of different approaches, but they are all catchy (Voices.com, 2014).
So what are the benefits of anti-aging makeup? The benefits to the customer are feeling younger, enjoying the privileges that come with looking younger, high self-confidence and this can be extrapolated to a promise of an overall improvement in one's self-image and therefore more success. Playing a little bit on the old Maybelline message, the slogan for Bobbi Brown will be The Secret of My Success. This slogan conveys a few different things. First, the slogan puts the customer in a position of thinking about themselves as successful. The second is that it equates the makeup with this higher level of self-confidence and success. The third is that it adds an element of mystery -- this is where the Maybelline idea was incorporated. Others will see a person who is successful and confident, looking younger than their years, and wonder why that is. The idea of course is that the user of Bobbi Brown anti-aging products will have that aura of mystery about them, but it is just a secret that is available to everybody. It's a proven, effective way of marketing cosmetics, but adapted for the anti-aging context. Even better, it is catchy, and even though Bobbi Brown has a broad target market, it can be applied to anybody within that target market. This avoids the obvious peril that anti-aging slogans normally have in that they limit their market to older people. The Secret of My Success avoids that.
Price
The price point offered by the anti-aging products on the market will in part dictate the price point offered by Bobbi Brown's line of anti-aging products. The prices will be in line with the pricing strategy of Bobbi Brown as well. The company targets a broad, mainstream market, and does so with reasonable pricing on its products. It will be...
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