gopro - ucla project
TRANSCRIPT
Integrated Marketing Campaign
What We Do
Start in 2004
Our focus: enable engaging self-capture during virtually any activity
Our business: mountable and wearable cameras and accessories
2011 2012 2013 1Q 2014
Business Overview
2010
2011
2012
2013
1Q 2014
Revenue Cost of Revenue Net Income
$234.2
$526.0
$985.7
$235.7
$24.6
$32.3
$60.6
$11.0
$111.6
$298.5
$623.9
$139.2
$64.4
1.145
2.316
3.849
852
Units Shipped
Market Analysis
Introduction Growth Maturity Decline
GoPro &!Action Cameras
Traditional consumer!video cameras
Competitors:
Pressure on prices
4 direct – same action cameras category
Traditional camera manufacturers
Numerous consumer electronics companies
Any other product that has a camera
#1by sales
Threats!
• Established and well-known worldwide brands
• Competitors’ prices • Mobile devices
SWOT Analysis
Opportunities!
• Creating a crowd sourced media pool and earn money by converting them into company's IP
• Brand enthusiasts on multiple social platforms
• Creating POV content from daily life without having a sketch
Weakness!
• High device costs(new tech. acquisition)
• High marketing costs(events, sponsorships)
• Poor product line(focus on extreme sports)
Strengths!
• Charismatic brand • Wide range of accessories • High brand recall • High quality perception
Opportunity
11+Million
2000+Videos
14+Million
5%
Recommendation
Media Company
GoPro Market Place
POOR Analysis
POOR
Action cameras will be a commodity
Transition to a media company
Making more money
Create a media platform (user generated content)
Situation Analysis
Controllable and uncontrollable elements:!• Hard to guarantee the quality of the content produced by
consumers/camera buyers
Barriers for business:!• The complexity of video editing processes • GoPro is not a media company and the market doesn't have
the perception of us as a media company
Market Place Objectives
By the end of 2014, launch the Market Place and increase the numberof users uploading content from current 5% to 65%.
By May 2015, gain $5M in content sales.
STP
Segmentation: Content Creators Segmentation 2: Content Buyers
Target: GoPro users and
potential new GoPro buyers
Target 2: Photo and Video Buyers
(agencies, TV networks, etc)
Positioning: Online market place to share, sell and buy content with a unique perspective
Steak & Sizzle
Market Definition: Make money by sharing experiences in an easy way
Market Definition 2: Acquire quality content with an unique perspective
Product Definition: Video & Photo Stock
IMC Plan Objectives
Informative:!• Let current and new GoPro users know that they have a online market
place – a platform to share and sell the content created by them using GoPro
Persuasive:!• Stimulate people to make and share their content in a more meaningful
and quality way • Stimulate content buyers to use our platform
IMC Plan
LaunchingPre-launching Post-launching
Closed Beta Open Beta Open
Pre-launching
Objective: Generate content for the Market Place
Teaser:!Send a teaser using current users’ database and invite them to register (landing page): !
“Soon it will be an online space for all GoPro users to make money using your amazing content. Register now and we will keep you updated"
Closed Beta Invitation:!Select great GoPro content producers and send them an invitation to upload the content to the Market Place
Launching
MarketPlaceMarketing PR
GoPro Channels
Advertising
Co-Contest
Experiential
Objectives: !• Keep stimulating users uploading content • Let content buyers know about the new platform • Spread out the news about our MarketPlace
PR plan
Media (journalists and bloggers)!• Press conference • Press-release
Influencers Outreach!• Kit #GoProMarketPlace to 20 influencers
(Camera, Name badge “GoPro Producer”, Guideline to use the Market Place)
Ambassadors!• Pre-launching event to 20 ambassadors in 3 different cities
in US to present them the MarketPlace
GoPro channels
Social Media!• Seeding (direct message) • Posts on Facebook and Twitter • #GoProMarketPlace • Promotional video on YouTube
GoPro Product Box!• Information about the Market Place
Webinars
Database Marketing!• Newsletter to our subscribers
Advertising
TV!• Sports (i.e.: Fox Sports, ESPN) • Adventure (i.e.: Discovery Channel) • Life Style (i.e.: FoodNetwork)
Magazines!• Tech (i.e.: Wired) • Business, Trade, etc (i.e.: Inc.) • Specialized (i.e.: Videomaker) • Sports (i.e.: Surfer)
Websites/Blogs/Portals!• Tech (i.e.: Mashable.com, engadget.com) • Mommy blogs
Google AdWords
Experimental
Workshops!• Main store sellers (Retail partners) • Current events that GoPro already
participates in and host (i.e.: X Games)
Potential Client: J&J, P&G!• Challenging: give cameras to 10
mommy bloggers to produce content • Result: video Ad “We love be mommy
with #GoPro”
Trade Shows!• I.e.: MipCom (Oct 2014) !!
“Share your best content on #GoProMarketPlace and get a chance to have your material used by global brands/companies”
Co-contest
A scalable way to help incentive the audience is to createquality content with a purpose.
Examples: • Expedia Travel Agency: “Share your #BestTravelMoment on #GoProMarketPlace” • National Geographic Magazine: “Share your best #AdventureShoot on
#GoProMarketPlace” • Mini Cooper: “Share your best moment #OnTheRoad on #GoProMarketPlace”
Social Media
Online banner
Magazine Ad
Billboard
Video
Post-launching
Objectives: !• Keep stimulating users to upload content • Stimulate content buyers to acquire content from the MarketPlace • Keep spread out the news about the MarketPlace
Campaign: !• Social Media/Webinars • PR (Press-release, influencers) • Ad (Online, TV, Magazines, Google Adwords) • Trade shows (i.e.:. Mipcom, MIPTV, NABShow) • Promotion (Discount for the content buyers) • Co-contest, Co-productions, etc
Camcorder!industry
What’s next
Market Place
GoPro!users
Digital photo!industry
Mobile phone!industry
Media!industry
Advertising!industry