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Marketing

Meme Marketing and its effectiveness with examples

Meme marketing, also known as “Memetic marketing,” is a form of marketing that involves incorporating internet memes into advertising and promotional campaigns. Memes are humorous or relatable images, videos, or phrases that spread rapidly across social media and online platforms, often carrying cultural references or inside jokes that resonate with a specific audience.

Meme marketing can be a double-edged sword for businesses. When done right, it can be a powerful and cost-effective way to engage with younger audiences and create a viral buzz around a brand. However, when done poorly or insensitively, it can backfire and lead to negative publicity and damage to the brand’s reputation. Let’s explore both sides with an example for each:

Example of Successful Meme Marketing:

One of the most famous examples of successful meme marketing is the “Distracted Boyfriend” meme. In 2017, a stock photo depicting a man looking at another woman while his girlfriend looks on disapprovingly went viral. Several companies cleverly leveraged this meme to promote their products or services, adapting it to fit their brand messaging.

For instance, Netflix used the meme by replacing the characters with popular TV shows or movies, making them relatable to their audience. This meme not only entertained people but also helped Netflix gain widespread social media attention, reinforcing its brand as a provider of binge-worthy content. By tapping into the viral nature of the meme and understanding its audience, Netflix managed to effectively use meme marketing to increase brand awareness and engagement.

Example of Failed Meme Marketing:

In contrast, when brands use memes without a proper understanding of their audience or without considering cultural sensitivities, it can lead to backlash. A prime example of this was Pepsi’s 2017 ad featuring Kendall Jenner.

In the ad, Jenner is shown leaving a photoshoot to join a protest, and she offers a can of Pepsi to a police officer as a gesture of unity. The ad faced severe criticism for trivializing social justice movements and protests, and for using a serious issue for commercial gain. The internet responded with numerous memes and parodies mocking the tone-deaf and insensitive nature of the ad. The backlash not only damaged Pepsi’s reputation but also highlighted the importance of authenticity and sensitivity in meme marketing.

The effectiveness of meme marketing for businesses can vary based on several factors:

  1. Relevance and Understanding: Memes tend to be popular among certain internet-savvy demographics. If your target audience is familiar with and engages with memes, incorporating them into your marketing can increase your brand’s relatability and appeal.
  2. Humor and Virality: Memes are often funny and shareable, which can lead to increased brand visibility and potential virality. If a meme resonates with your audience, they may share it with their friends, leading to more exposure for your brand.
  3. Brand Perception: Memes can help create a more casual and approachable brand image. However, it’s essential to align the chosen memes with your brand’s values and personality. Using inappropriate or offensive memes can harm your brand perception.
  4. Short-Term vs. Long-Term Impact: Memes have a relatively short lifespan as they quickly become stale and lose relevance. While they can be effective for short-term campaigns or to capitalize on trending topics, they may not have a lasting impact on brand recognition or customer loyalty.
  5. Risk of Overuse or Backlash: Memes can lose their charm if overused or misused in marketing efforts. Additionally, if not carefully executed, meme marketing can lead to backlash from internet users who may perceive it as inauthentic or opportunistic.
  6. Legal and Copyright Considerations: Some memes might be copyrighted or owned by other creators, making it crucial to ensure that you have the right to use and modify the content legally.

In summary, meme marketing can be a valuable tool for engaging with a specific audience and creating a buzz around your brand or product. However, it should be used thoughtfully and strategically, taking into account your target audience’s preferences, the appropriateness of the memes chosen, and the potential risks involved. When executed well, meme marketing can help businesses connect with their audience on a more personal level and gain traction in the competitive online landscape.

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Marketing

5 Powerful & Affordable Local Marketing Strategies to Grow your Business!

Whether you are running a company worth a million dollars, a small business owner, an entrepreneur, or a solopreneur, marketing is necessary for every product or service. But, small or local business owners probably lack financial resources that are significant to advertise products in the niche market.

However, marketing can be done even with just a shoestring budget. Yes, you heard it right! Any marketing strategy will yield perceived impact, as long as you know how to implement them effectively. Having said that there are many local marketing strategies, which are quite cost-effective and very impactful.

One thing that every business owner must take into consideration is that not every marketing strategy will be suitable for your business. Hence, you must be aware of customer behavior, your competitors in the market, and your niche market.

You must pick your marketing strategy with caution, considering your budget and lack of luxury to do a marketing do-over.

To make it all easy for you, here are 5 inexpensive local marketing strategies for your business:

  1. Creative Packaging

Creativity can help you find solutions to overcome challenges. Creative packaging can be an excellent marketing stint. It does not necessarily have to be an expensive one, but it should catch the attention of your customers. Hence, don`t be afraid to think out of the box!

  1. Sponsor Local Events

If you are an entrepreneur or a new start-up, local events are the best place to make your brand a presence. Small local events are sponsored by multiple brands. Each brand pays only a small sum of money to get featured on the list of sponsors. Find out the upcoming local events and get associated with the ones that will help you target the right set of audiences.

  1. Use the power of Social Media

Social Media in today`s world is an impressive way to make an impact on your customer base. Instead of selling your product or services, educate your audiences. Tell them how a particular product will solve their burning problem. Build a stronger relationship with your customers that will help to establish your credibility and trust.

  1. Effective Promotional Schemes

With cut-throat competition in the market, brand promotion is extremely critical. If you are planning to introduce a new product in the market, you need people to try out your service or product. It is always a good idea to offer free samples and trials to ensure your target customers can experience your services first hand.

  1. Take Customer Feedback

Retaining an existing customer is always cheaper than getting a new one. Hence, before you think about buying a new client database to churn out a new marketing strategy, use your existing customer database constructively.

Customers are happy to give honest feedback on the products and services they have paid for. With an engaging feedback process, you can make your customers feel valued and learn the multiple ways of improving your business.

Marketing strategies need not be expensive, rather creative and effective! Unlock your business`s true revenue potential with our aforementioned local marketing strategies and a lot of deep business insights with our Everything About Entrepreneurship (EAE) program.  Visit https://www.badabusiness.com/?ref_code=ArticlesLeads. Click now!