Blendtec Illustrated with Case Study Author: Team Einstein Marketing Management 1 Blendtec Manufacturing Company Founded : 1975 Parent Company : K-Tec Headquarters : Orem, Utah, United States Founder and CEO : Thom Dickson Products : Home and Commercial Blenders ERP System : TIBCO Cloud Main Competitor : Vitamix Revenue 2018 : Marketing Management 2 Home Blenders Designer 600 Designer 625 Designer 675 Designer 725 Original designer Classic 475 Classic 560 Classic 570 Classic 575 Total Blender Classic 2016 Marketing Management Professional 750 Professional 800 3 Commercial Blenders Stealth 875 Stealth 885 Connoisseur 825 Chef 775 EZ 600 Chef 600 Marketing Management 4 Blendtec Consumer Analysis Unrecognizable brand Low Sales Lack of product awareness Good product Marketing Management 5 “Will It Blend?” Started in 2006 Initial Budget $50.00 Created a domain name,“ Will it blend?” http://www.willitblend.com, estimated 300M+views, Created by George Wright, (Jan 2006 to Apr 2012), VP – Marketing and sales. https://www.pinterest.com/Blendtec/, has 363k subscribers and 44k followers. https://www.blendtec.com/, company website. https://www.linkedin.com/company/blendtec/about/, 2679 followers. Marketing Management 6 “Will It Blend?” “Will it blend” Facebook has 193k likes, https://www.facebook.com/willitblend/ Blendtec Facebook page has 193k likes, https://www.facebook.com/Blendtec/ You tube Channel 878k subscribers, 183 videos, https://www.youtube.com/user/Blendtec Twitter Page 35.5K followers, https://twitter.com/blendtec?lang=en CEO, Tom Dickson, wore white Lab court, blended items in lunch room. Creates Social media fun, makes videos that people enjoy watching and get them talking. Videos posted on all these social media accounts. Marketing Management 7 Why Campaign was a Success CEO, Tom Dickson(funny). The videos(fun). Ordinary and real items blended, Listened to the audience, what to blend next. The blender worked. Ads were compiled on DVDs with extra info. The websites attractive advertising revenue. Marketing Management 8 Blendtec Consumer Affect and cognition Blendtec created a stimuli through videos. Consumers started paying attention, blending unbendable. Consumers started liking the product, showcased quality and strength of different types of blenders. Marketing Management 9 Blendtec Consumer Behavior Blendtec produced videos in line with popular media events. Blendtec created market persona through their videos. Marketing Management 10 Consumer Environment Blendtec built community through consumer engagement. Blendtec videos are showcased across all social media platforms. Marketing Management 11 Conclusion Blendtec has adopted the three aspects of consumer analysis. Good quality product put through quality test in front of consumers. Blendtec created environment the consumer feels involved and important. Marketing Management 12 References https://www.slideshare.net/hiepnguyen215/blendtec -case-study-how-one-company-used-videomarketing-to-increase-sales-by-700. Peter and Olson(2010), Consumer Behavior and Marketing Strategy; Available at https://www.academia.edu/6078770/CONSUMER_ BEHAVIOR_and_MARKETING_STRATEGY_CON SUMER_BEHAVIOR_and_MARKETING_STRATE GY http://www.blendtec.com/blenders https://en.wikipedia.org/wiki/Blendtec https://en.wikipedia.org/wiki/Will_It_Blend%3F Marketing Management 13 Thank you Marketing Management 14