Tuesday, October 21, 2014

Live from #TMRE14: Leveraging Superstar Products to Build Brands

Fresh from the heels of the New York Food and Wine Festival (NYCWFF) was Cynthia Soledad of Whirlpool talking about bringing the iconic KitchenAid Brand, a superstar in its category, to build other brands. For, like many feel, KitchenAid is more than a mixer - it is a kitchen lifestyle brand.



The cycle that unraveled from understanding the consumers of three segments ranging from enthusiasts to obsessers was as follows: Aspire (the emotion of trying to do something), seek (the quest for finding the right products, which is where KitchenAid comes into the picture), learn (using the tools as your "sous-chefs" as the brand puts it) and master (to become a chef in your own right). An interesting cycle with the analogy of being an engineer or any corporate career by day, but a chef by night.



The findings reflected that in the kitchen, you are an appreciator as well as a critic. However, the three key truths that were found were that tools from Kitchen Aid are important for creative facilitation, identity reflection and usage outcome. Of which, usage outcome was most important with both small and large appliances.




A fascinating tale of unraveling consumer stories through primarily qualitative research, the two lessons that stay in my mind that can be applied to virtually any category are: consumers are born inherently irrational, and a brand can truly win by playing on the intersection of its equity with deep human needs.



Sourabh Sharma, Communication & Social Media Research Expert at SKIM, an international consultancy and marketing research agency, has a background in engineering, marketing and finance from the University of Pennsylvania, and the Wharton School and Rotterdam School of Management. Having worked in marketing and product development at L’Oreal, followed by a stint in management consulting, he now passionately enjoys the world of social media, and can be found on every platform with his alias sssourabh. He is a food critic and a fashion writer, and documents these alongside strategy on his blog called 3FS. He may be reached at s.sharma@skimgroup.com. Follow him on @sssourabh.
Sourabh Sharma, Communication & Social Media Research Expert at SKIM, an international consultancy and marketing research agency, has a background in engineering, marketing and finance from the University of Pennsylvania, and the Wharton School and Rotterdam School of Management. Having worked in marketing and product development at L’Oreal, followed by a stint in management consulting, he now passionately enjoys the world of social media, and can be found on every platform with his alias sssourabh. He is a food critic and a fashion writer, and documents these alongside strategy on his blog called 3FS. He may be reached at s.sharma@skimgroup.com. Follow him on @sssourabh. - See more at: http://themarketresearcheventblog.iirusa.com/2014/04/crowdsourcing-and-social-media.html#sthash.SDOBGemC.dpuf
Sourabh Sharma, Communication & Social Media Research Expert at SKIM, an international consultancy and marketing research agency, has a background in engineering, marketing and finance from the University of Pennsylvania, and the Wharton School and Rotterdam School of Management. Having worked in marketing and product development at L’Oreal, followed by a stint in management consulting, he now passionately enjoys the world of social media, and can be found on every platform with his alias sssourabh. He is a food critic and a fashion writer, and documents these alongside strategy on his blog called 3FS. He may be reached at s.sharma@skimgroup.com. Follow him on @sssourabh. - See more at: http://themarketresearcheventblog.iirusa.com/2014/04/crowdsourcing-and-social-media.html#sthash.SDOBGemC.dpuf
Sourabh Sharma, Communication & Social Media Research Expert at SKIM, an international consultancy and marketing research agency, has a background in engineering, marketing and finance from the University of Pennsylvania, and the Wharton School and Rotterdam School of Management. Having worked in marketing and product development at L’Oreal, followed by a stint in management consulting, he now passionately enjoys the world of social media, and can be found on every platform with his alias sssourabh. He is a food critic and a fashion writer, and documents these alongside strategy on his blog called 3FS. He may be reached at s.sharma@skimgroup.com. Follow him on @sssourabh. - See more at: http://themarketresearcheventblog.iirusa.com/2014/04/crowdsourcing-and-social-media.html#sthash.SDOBGemC.dpuf
Sourabh Sharma, Communication & Social Media Research Expert at SKIM, an international consultancy and marketing research agency, has a background in engineering, marketing and finance from the University of Pennsylvania, and the Wharton School and Rotterdam School of Management. Having worked in marketing and product development at L’Oreal, followed by a stint in management consulting, he now passionately enjoys the world of social media, and can be found on every platform with his alias sssourabh. He is a food critic and a fashion writer, and documents these alongside strategy on his blog called 3FS. He may be reached at s.sharma@skimgroup.com. Follow him on @sssourabh. - See more at: http://themarketresearcheventblog.iirusa.com/2014/04/crowdsourcing-and-social-media.html#sthash.SDOBGemC.dpuf

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