Garrett Foltz Ad Campaign Research 12/10/13 Strategy Paper 1. Mary Kay is a 50-year-old cosmetic brand with a rich history. Despite the age of the brand, Mary Kay has attempted to refresh their image and market to a younger generation with the Mary Kay at Play line. Although there are many good things about this line, I feel as though it is targeting a younger age group than the intended 18-25 year-old market. The following is my strategy for increasing sales in the Gen Y age group as well as attracting new IBC’s in the Gen Y age group. 2. Problems 1. The Mary Kay at Play line looks like it is intended for high schoolers. Our interviews and focus groups showed us that Gen Y women identify with celebrities and products that have a sophisticated image. They think the Mary Kay at Play line looks too young for them. In response to this we will develop a new line with a more appropriate brand image for our target. 2. Our target audience thinks that IBC’s are too old and pushy. Our interviews and focus groups showed us that our target audience doesn’t feel very comfortable shopping for cosmetics through and IBC because they think they are pushy and old. In response to this, we will create a more personal online system for finding an IBC. This will include bios for every IBC with photos, customer rating and reviews. 3. Our target audience views Mary Kay as a “mom” brand. Our interviews and focus groups showed us that our target associates Mary Kay with mothers using and selling it. Most interviewees that used Mary Kay had a mom that sold it. In response to this, we will revamp the brand image with a new, younger product line for Gen Y women. 4. Our target audience doesn’t like to wait for their products. Our research revealed that Gen Y has little patience and doesn’t want to wait for products in the mail. Our response is that the IBC’s should keep more products on hand. Mary Kay should reimburse IBC’s for unsold products and offer customers free overnight shipping. 5. Our target perceives Mary Kay as being priced too high. Our research showed us that our target audience thinks Mary Kay is priced higher than it’s value. In response we will position Mary Kay as an exclusive brand with very high quality products. 3. Opportunities 1. Internet and social media presence. Mary Kay is present on every big social media network and also has a blog. We can take advantage of this with precise, targeted content spread across these sites. Our research showed that our target spends 1/3 of their time online and are likely to share or pin things they find interesting 2. Years of experience and knowledge. Mary Kay has been a major player in the cosmetics industry for 50 years, yet they have made and effort to stay current. We can take advantage of this by positioning Mary Kay as a credible, longstanding brand that has evolved with the times. Our research showed that our target looks at Mary Kay as an old brand. We can turn that into a positive. 3. Marykay.com has a find an IBC system. Marykay.com currently has a place on their website where you can locate an IBC near you online. We can take advantage of this by expanding it into a rate your IBC system with a bio, picture, customer rating and customer review. Our research showed that our target wasn’t comfortable buying from an IBC because they are too old and pushy. This will give them the opportunity to select an IBC of similar age that fits them and has a good rating. 4. IBC success stories. There are countless successful IBC’s out there. We can take advantage of this by finding ones in our target age group and putting their stories out there to be seen. Our research showed that our target audience cares deeply about peer opinion. If they see people their age having success through Mary Kay, they will be more likely to try it. 5. Green Packaging. Mary Kay’s packaging materials are made from corn and potato starch rather than harmful pollutants. We can take advantage of this by advertising and promoting it like crazy. We could even do some sort of “pink doing green” event. Our research showed that our target market cares about the environment and is affected by cause-related marketing. 4. Objectives 1. Develop a new line with a sophisticated image that will attract Gen Y females. 2. Position Mary Kay as a credible, longstanding brand that has evolved with the times. 3. Create a more personal, comfortable online environment for customers to select and interact with an IBC. 4. Revamp Mary Kay’s social media presence with precise, targeted content. 5. Position Mary Kay as an exclusive, personalized brand with high quality products. 5. 6. Motivators 1. Image that the products help create 2. Quality of the products 3. Buying convenience 4. Price Psychological Appeals 1. Self-Esteem 2. Fear- Having “flaws” shown 3. How you’re perceived among peers 4. The rationality of saving money 5. Sex appeal Product Attributes 1. High quality cosmetic products 2. Online presence 3. Green packaging 4. Attractive models 5. Career opportunities 7. Marketing Mix Product: Mary Kay currently has successful, high quality products, so no changes will be made to this area Place: Mary Kay products are only available through an IBC and Mary Kay has been very clear that they will not change this by creating a store or kiosk. No changes will be made. Price: Our target market perceives Mary Kay’s prices as being high end compared to other cosmetic brands. Other than money, some costs include convenience and time waiting for the products. Publics: The target audience given to us by Mary Kay is women 18-25. I don’t feel that this target should be segmented any further as it is already a pretty specific market. To reach this audience we need to position Mary Kay in a youthful, sophisticated way. The medium most effective on this audience is by far online, however traditional media will not be neglected. Some places they go that we can take advantage of are malls and college campuses. Promotions: Currently Mary Kay does a good job of promoting during the seasonal changes. Some changes we will make include revamping Mary Kay’s attempt at a younger brand “Mary Kay at Play” to a new line targeted at young, sophisticated, college age women. We will also have IBC’s go to college dorms and sororities to enthuse and encourage young women to utilize Mary Kay as a career opportunity. We can also take advantage of social media photo contests, gift cards, and prizes. 8. Strategy Statement We will convince women ages 18-25 to use Mary Kay at Play line (with new name) instead of other cosmetic brands because it is youthfully sophisticated.