ReDeFine Advertising Campaign for GEICO
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Transcript of ReDeFine Advertising Campaign for GEICO
Presents…
STRENGTHS•Geico is rated the #1 property casualty insurer
•Flexible premium payments and great discount rewards
WEAKNESSES•Lowest amount in sales by millions
•Celebrity endorsement choices, “older”, “has beens” do not match the image
OPPORTUNITIES•More auto insurance buyers willing to abandon agents
•Widespread growth/use of internet for insurance quotes
THREATS•Bad publicity with the advertisements and customer complaints
•Accident rate decrease results in less insurance claims
To place Geico as the leading automobile insurance company in terms of low rates and high coverage in
the minds of consumers.
Primary:
•Hispanic •Male and Female •Ages 18-25
•Hispanic college students, young professional, and recent high school/college graduates
•Live at home, tech savvy, love listening to music
Secondary:
Who: Mainstream Male and Female, ages 18-25
Increase the Hispanic market share by 10%
Increase sales among Hispanics ages 18-25
Increase awareness in the Hispanic market
Secondary Research: The Hispanic population is second-largest in the U.S. with 38
million The Hispanic population is younger than the non-Hispanic white
population Males and females age 18-25 are coming away from their
parents’ coverage.
Primary Research: Majority of survey respondents spoke both Spanish and English According to the survey, the gecko seems to be the most
memorable and likeable spokesperson to our target
Who: Hispanic Male and Female, ages 18-25
How: Reaching the consumer in the media they interact with most frequently
Mix of Traditional and Non-Traditional media TV, Radio, Print, Transit, Online, Sponsorship
Focus on the top five Hispanic Markets Los Angeles New York Miami Chicago Houston
Advertisement runs from January 1, 2009 through December 31, 2009
Pulsing strategy Television and transit advertisements-
Spring and Summer seasons Print and Transit- every other month Radio and Online- year round
TelevisionRadioPrint
B96.3 ChicagoB96.3
Chicago
102.7 Kiss FM
L.A.
102.7 Kiss FM
L.A.
El Nuevo Zol 95.7Miami
El Nuevo Zol 95.7Miami
Z100 HitsNew YorkZ100 HitsNew York97.9 The
BoxHouston
97.9 The Box
Houston
Outdoor/TransitOnlineSponsorship
Pre-campaign survey of target audience Follow-up of advertisements Post-campaign survey of target audience
Geico Media Proposal
Large majority of target have never been the decision makers in choosing car insurance
Geico offers very low prices and their advertising has created a very memorable icon
Buying Geico auto insurance saves you money AND provides extensive coverage
Radio Spot: 30 Seconds
Script: “Hola! So, say you don’t have a lot of spare money lying around, right? But, you need car insurance. Your mum is telling you to buy from those other fellas, but you know what, you’re on your own now. You make your own decisions. And she’s wrong anyway. Geico can give you the same coverage as those other blokes, but will leave you with a little extra money in your pocket. So you can take your mum out to dinner and say, “Don’t worry, la cena esta on mi.”
VO: Geico.15 minutes could save you 15% or more on car insurance.
ReDeFined.ReDeFined.
The End