Wednesday, April 15, 2015

Promotional and Leveraging Activities of ROLEX


Company overview


Rolex SA and its subsidiary Montres Tudor SA design, manufacture, distribute and service wristwatches sold under the Rolex and Tudor brands. Founded by Alfred Davis and Hans Wilsdorf in London, England in 1905 as Wilsdorf and Davis, Rolex moved its base of operations to Geneva, Switzerland in 1919.

Forbes ranked Rolex No.57 on its 2012 list of the world's most powerful global brands.[4] Rolex is the largest single luxury watch brand, producing about 2,000 watches per day,[2] with estimated 2012 revenues of US$7.4 billion.

Promotional Activities

Advertisement:  Rolex use above the line methods when it comes to promotional side. They used high level advertisement to promote their brand.

     Relationship marketing-


         Mass Customization:  Affluent, athletic male and female consumers are the main                       target Rolex. They try to make their product available to their desire customers.                                                



       One-to-one Marketing: Rolex has special watch which is made for only one specific customer like some world best players.

        Permission Marketing: Rolex let their most favorable customer to know about their any recent customization or special watch. These customers are their segmented customers who are very loyal and important to them.

               Experiential Marketing- Rolex concentrates on Emotion, Act, and Relate marketing by providing different kinds of advertisements to their customers.

Advertising Appeal:

   Ethos- In reference of use ethos Rolex use people likes David Backham but they introduced him not only a player but also a well known and successful person. This gives a true account of his profession also the brand of Rolex demonstrates ethos as it is a brand.

   

Self-esteem- Rolex try to promote their brand by introducing celebrity who is high in self-esteem.

   Pathos- In that method Rolex try to attract customer who is very enthusiastic and try hard to achieve success in their life.

 Competitive Advantage- Rolex competitive advantage show that they make differentiate with others brand by providing posh watch which is water resistance and also very high class.

       

Execution Style:

   Comparison- Rolex established a felling about high class brand and superiority, that’s help them to gain high standard watch in market. People receive Rolex watch as a high class and posh brand watch.

   Humor- When People buy and wear a Rolex watch they feel they are elite class people and became happy and proud for that. That’s how Rolex create humor by their brand

Sales Promotion: Rolex is involved in tennis events and they are the main sponsor and most valuable sponsor of tennis events. Another event is Golf where Rolex is also a most favorite sponsor.

Leveraging Activities:

   Celebrity Spokesperson- Rolex uses much celebrity in their ads and they use athletes, actors to their brand ambassador.


Events- Rolex organizes many events and takes part in social and sports type events.


Friday, February 27, 2015

Wristbands House Bangladesh: Brand Positioning

Wristbands House Bangladesh




Brand positioning refers to “target consumer’s” reason to buy your brand in preference to others. It is ensures that all brand activity has a common aim; is guided, directed and delivered by the brand’s benefits/reasons to buy; and it focuses at all points of contact with the consumer.
Wristbandshouse is successfully operating its 7th year serving global and local market. From its inception, it is well focused in creating the best value with superior quality and dedicated customer service. With a vision of being the best in category Wristbandshouse operating its brilliant team with uncompromising mission of being the modest and service focused every day. Technologically oriented Wristbandshouse is engaged with its mission plan to get ease on its processes and the service its deliver now and next. Wristbandshouse is well focused in using technological advantages, so it is powered by FactoryDox- a powerful platform for B2B operations.


Now let’s talk about the Wristband House Bangladesh, how they create their brand positioning in Bangladesh. In Bangladesh people can easily buy wristbands from road side hawker or from shop. But there is no exact shop which prefers only wristbands to sell.  So when wristbands house opened their shop on June 2014 they simply make the difference from others by selling only wristbands which is very unique idea in Bangladesh and people love it. Their target market is young people like school, college and university students.  To set up their strong brand image on their target market, wristbands house offer very unique and high quality wristbands. Another brand positioning strategy is, they offer high quality wristbands at a reasonable price which attracted their customer to buy it.




Actually Wristbands House Bangladesh creates their brand positioning very easily because of some reasons. First of all they are the one and only wristbands seller shop in Bangladesh who focuses only on wristbands and they provide different, unique and fashionable wristbands than others. Also they introduced quality wristbands at a very cheap price and young people love it. They create a facebook page where they upload picture of their brand new collection of wristbands and they also connect with their customer through this page and try their best to help them. They also take online orders from anywhere in Bangladesh. So whatever they are trying do to promote or create their brand positioning is working because they are the only wristbands house shop in Bangladesh and they have no strong competitors.

Recently they introduced their new collection of badges, guitar picks and name band, they make a tag line for name band “wear your own wristbands, be your own!”.
Opening a shop like Wristbands house Bangladesh definitely a unique thinking no doubt about that but they have limited stock of wristbands sometimes which is very annoying. They have to focus new innovative ideas regularly which is very challenging for them because their customers are more likely to be a onetime buyer not a regular or loyal buyer so they need to show more variation and more advertising to keep their brand positioning in peoples mind.  And the last thing is they should open another showroom in Dhaka because they might lose their customer because of the distance.

Web Reference:
1.wristbandhouse 2011 [online]. available at : http://www.wristbands-house.com/index.php?route=common/home 
2.MSG [online]. available at: http://www.managementstudyguide.com/brand-positioning.htm