Trends in Celebrity Endorsements
Transcription
Trends in Celebrity Endorsements
The Economic Times on Sunday JUNE 5-11, 2011 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 trendspotting 17 18 19 20 21 The Economic Times on Sunday JUNE 5-11, 2011 22 23 24 25 26 27 28 29 30 31 32 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 17 trendspotting 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Trends in Celebrity Endorsements Longer Contracts Ambassadors’ deals range between two and five years. Earlier many companies opted for one-year contracts but it is now considered too short CELEBRITIES New Sectors Real estate, education, financial services, auto ancillaries and business-to-business companies are queuing up to sign up celebrities New Focus Instead of productspecific brands, celebrities are now being asked to endorse the company’s flagship brand STAY ON T Shah Rukh Khan Kajol (2005) Yuvraj Singh (2010) Sachin Tendulkar (2002) Levi’s years Chitrangada Singh (2010) Longines Aishwarya Rai years L’Oreal Aishwarya Rai 11 Priyanka Chopra (2009) Fiat Hyundai 11 360-degree Promotions In addition to ads, brand ambassadors attend dealer meets, and brand-related contests. Voice chats and blogs are big online Asmi Brands with Long-serving Ambassadors 14 Different Celebs Big brands eager to associate with non-Bollywood and non-cricket celebrities like boxers, wrestlers, shooters Brands that Change Ambassadors Often In an age when novelty and change are key to marketing success, you would expect brands to change their ambassadors frequently. Yet, many have retained the same faces for nearly a decade. Kamya Jaiswal & Neha Dewan find out what makes this strategy tick hink machismo. What comes to mind? Details may vary, but men with rippling muscles toting guns and guzzling beer is the first image. Now replace the beer with a cola. The impact is lost. Even if the cola is Thums Up. Yet, the brand is famous as a macho drink. Why? Ask fans and they will credit one man with the image: Akshay Kumar. For eight years, Kumar has been jumping off roofs and lunging over speeding cars for his favourite bottle of cola. The brand repeated the message, and the messenger, till the bubbly beverage morphed into a man’s drink. Such is the impact of a long association between brands and their ambassadors. It can create an unnatural USP with instant recall. This result is the Holy Grail for advertisers. Yet most prefer change to continuity and sign on different ambassadors. Their logic: new celebrities pique interest and convey a young image. “You can't change a brand’s name, colour or logo. One thing that can be changed to add zing to the advertising campaign is the brand endorser,” says Harish Bijoor, CEO of Harish Bijoor Consults. But this strategy may not have a lasting impact on consumers. “The brain is not as comfortable with change as is assumed. It craves consistency. Long-serving ambassadors reinforce long-term memory which builds brand loyalty,” says Biju Dominic, CEO of FinalMile Consulting, a behaviour architecture firm. He adds that people respond strongly to loyalty: “This is why country flags and political party symbols are rarely changed.” There are no numbers to prove either case. You, the consumers, are the best judge. So here’s a compendium of brands from both schools: one loyal to celebrity ambassadors, another fickle in its tastes. Which of the two do you recall the most? Higher Impact Companies like Sony and Nikon have reported 22-40% rise in sales since they signed up celebrity brand ambassadors Source: Devraj Sanyal, Chief Executive Officer, Percept Sports & Entertainment +Ileana D’ Cruz and Jacqueline Fernandez Imran Khan (2010) Shahid Kapoor (2009) Akshay Kumar (2008) Lux years Reid & Taylor Brands which stick to the same celebrity must keep changing their campaigns to make them contemporary. Things just cannot fall in place automatically because you have signed on a popular endorser Amitabh Bachchan 8 years Thums Up Akshay Kumar 8 years Benefits of Sticking to the Same Brand Ambassador ● Tag Heuer Shah Rukh Khan ● 8 years ● Kurkure Juhi Chawla 7 years ● ● Becomes a signature for the brand— improves ad recognition and recall Breaks the clutter of too many advertisements, message is delivered faster to consumers Helps maintain continuity across all campaigns Consumers reward brands for consistency, the same ambassador reflects these values Gives the creative team time to develop ideas and let them grow ILLUSTRATION: ALANKAR 01 16 Asin (2010) Katrina Kaif (2010) Priyanka Chopra (2009) Pantaloons Lara Dutta and Bobby Deol (2009) Bipasha Basu and Zayed Khan (2005) Benefits of frequently changing brand ambassadors ● ● Prahlad Kakkar, Ad Guru ● ● Maintains freshness in the brand’s communication Brands are static, consumers are not: new ambassadors help cater to the change in consumer needs and preferences Helps rebranding exercises when the company wants to send a new message to consumers Ensures that ambassadors remain relevant to the target audience of the brand. Insulates brands from the rough patches in celebrities’ career or a dip in their popularity