Coca Cola marketing strategy - A Case Study of 2023 (2024)

Coca Cola marketing strategy - A Case Study 2022

Coca-Cola, one of the globally well-known soft drink producing brands, is still leading on top #1 competing with all other soft-drink producing brands in the market. Thebrand marketingstrategyof Coca-Cola is exceptionally unique.

Coca-Colafirst set up its roots in 1886 and is still somehow capable of competing with every other soft-drink brand in the market. Starting with nine servings a day, Coca-Cola now produces about 1.9 billion servings each day.

Coca-Cola's marketing strategiesare so precisely designed that they have a strong brand base as well as global recognition.A well-designed strategy can help any company run down the right track towards the company’s success.

The precise Marketing plan of Coca Cola’s growth is still a mystery. In this article, we will try to break down the Coca Cola marketing strategythat we have studied.

What is Coca-Cola?

Coca-Cola is a type of carbonated soft drink that is being produced by the Coca-Cola Company. It was initially intended to serve as a patient's medicine drink. As a medicine, the Coca-Cola recipe was a known remedy, but now the formula for the soft drink remains a trade secret.

Taking the name of the drink as a reference, this soft drink refers to a drink containing a blend of coca leaves and kola nuts, which basically is a source of caffeine.

To compete with the leading companies, as always, there would always be competitors who would come up with alternatives. Although there are so many competitors out there, none of them have ever won against the Coca Cola’s marketing strategy.

From Pharmacist's Elixir to Global Refreshment Drink

On May 8, 1886, Dr. John Pemberton sold the first glass of Coca-Cola. Initially, Coca-Cola was being sold at a pharmacy in downtown Atlanta. It was first intended to be served as a patient's medicine. This medicine drink slowly turned into a refreshment drink, and now it is served as an alternative to fresh juice.

Due to its wide availability across the globe, spanning across 200+ countries, the company now serves about 1.9 billion servings daily.

What is Coca Cola marketing strategy?

Success for a company can only be achieved by designing a properly planned marketing campaign. Marketing is the key to the success of any company or project. Marketing strategies can be done in multiple formats. It all depends on what type of product is being produced by the company.

The worldwide success of Coca-Cola can only be possible with a properly planned marketing strategy. Coca-Cola marketing strategies were mostly first experimented with before planning. Coca cola advertising strategy is one of the examples. Coca-Cola's marketing strategy ensures that the customer’s needs are met. For every step they take, they make sure that their customer volume will not decrease.

These are some of Coca-Cola’s advertising strategy and marketing strategies that inspired their competitors and other companies.

Global advertising:

Creative advertising was always one of the key concepts of theCoca Cola marketing strategy. Every time Coca-Cola works on advertising their brand, they do it worldwide. Together with this, they also respect their customers from every country they serve. Hence, they made themselves sure to provide their customers with what they wanted.

Making the product available everywhere helped them cover all corners of the world.

Labeling done in regional languages helped in developing emotional branding.

Partnering with regional outlets and celebrities served more customers.

Creative advertising entertained and attracted more customers.

Branding:

A brand of any kind is first identified and recognized by its logo. It is very important to know what you give to your customers. The logo, color, caption, all of these are part of the branding. Coca-Cola understood this very well and did the same.

By maintaining the same brand logo, they made their customers understand that they were holding a branded item in their hands. The labeling pattern became a trademark for the Coca-Cola brand, and everyone can tell which one is a Coca-Cola simply by looking at it.

Portfolio Marketing:

Branding also depends on the portfolio of the company. The Coca Cola marketing strategy made sure that the company's portfolio was nicely maintained within their niche.

The Coca-Cola brand grew by introducing multiple new products into the market. They managed to keep their portfolio limited to beverages like juices, teas, coffees, and soft drinks. This also helped them reach more customers with different preferences and tastes for soft drinks.

They began to buy companies producing native products to first expand their portfolio for native customers. They gradually conveyed that they also had other products from their production, and customers responded to them by buying them.

Native companies likeMaaza,Fanta, andSpritedepended on Coca Cola marketing strategy to expand their own brand. This helped not only Coca-Cola in expanding their customer base, but also other local soft-drink companies.

Competing with prices:

When you receive global recognition, you start to receive more competitors. This makes it hard to compete with prices. The Coca Cola marketing strategy was precisely designed to not only cut down the MRP but somehow maintain the profits of the products. This helped them maintain their customer volume.

The pricing strategy and the Marketing plan of coca cola not only helped them smartly compete with competitors but also helped gain more customers.

Coca-Cola's marketing strategy suggests that the company change its pricing frequently.

Smart promotion strategies:

Promotions can play a very important role in the marketing of a product. Since the liability for customers is increasing, promotion platforms have now become easily accessible. Hence, for big companies like Coca-Cola, it is now even easier to access all those platforms.

Since Coca-Cola's distribution network is very vast, Coca-Cola's marketing strategy helps in covering almost every medium of promotion, such as,

Newspaper

Television

Radio

Billboards

Posters and banners

Social media

Magazines

By utilizing all these modes of promotion, a product can reach almost any corner of the world. Hence, giving them the highest reach compared to their competitors.

Sponsorships:

Sponsorships are one of the most widely used methods to attract most customers. Coca-Cola is also one of those well-recognized brands for its sponsorships. Coca-Cola provides world-wide sponsorships for organizations like the Olympics, FIFA, NBA, and also television shows like American Idol.

Such sponsorships actually help companies gain more customers. Fans of such organizations and shows look at celebrities consuming company soft-drinks and will eventually try the same.

Social media:

With the advancements in technology, social media has now become a significant role in Coca-Cola’s marketing strategy. People organizing social media accounts make sure that they keep posting content related to branding and updates about the products.

Social media marketing includes platforms like email marketing, SEO, content marketing, etc. With a proper strategic approach, companies can reach a wide number of audiences on social media platforms.

Personalization:

From Coca Cola marketing strategy, personalization is one of the most unique marketing concepts they have ever come up with.

The personalization of packages helped Coca-Cola gain a good number of customers. By personalizing the packages with customers' names on the bottles, they noticed a rise in sales of products. This gave them an idea of what methods would work with their products.

They also send emails to customers subscribed to their news feeds by addressing them by their first names. This also helped them develop an emotional brand with customers.

Providing personalized tickets to offer a free drink for the next bottle helped them attract more customers.

What makes coca cola marketing strategy so successful?

Coca-Cola is one of those very few companies that provide what their customers crave. They do not take advantage of this and they always try to provide customers with a quality drink. As the brand has quoted, "Open a co*ke, Open Happiness."

The Coca-Cola marketing strategy is not just a plan for marketing and promoting their product. It is all a part of a person’s needs. They maintain that connection with their customers and always plan according to the response from the public and media. This helps them design a strategy that helps them never lose their customer volume.

Conclusion

This article is derived to give you a clear idea of how a well-designed marketing strategy for a product can influence the sales and reach of the company and customer. It also emphasizes the importance of a precisely designed Coca Cola marketing plan in achieving these goals.

Marketing strategy of Coca-Cola is said to be one of the most successful strategies of all time. co*ke marketing strategy organizes and designs their strategies in accordance with the results of the campaigns and customer opinions. This helps meeting customer needs earning their loyalty.

The research and analysis they perform about the advancements in technology allows them to properly design the Coca-Cola marketing strategy, which helps them in all ways.

Coca Cola marketing strategy suggests the company should maintain a constant flow of sales and happy customers. This allows them to try and experiment with numerous strategies and ideas. This also includes the creative marketing ideas.

In the field of sales management and marketing, digital marketing has become one of the most practiced elements. So to learn and master digital marketing, enroll now in Sprintzeal’sDigital Marketing Master’s Program Certification Training.

Visit the officialSprintzeal websiteto explore more professional certification courses.