Five Big Marketing Risks That Paid Off for Brands

"Marketers consistently push the envelope, hoping that novel ideas will yield stellar results for their brands. Companies attempt to break through boundaries previously set by competitors or, sometimes, themselves. Risk-taking, of course, is both exciting and scary. Deciding which lines to cross is never an exact science. Every decision demands that marketers weigh risks and rewards, but ultimately, without the risks, brands never achieve the best rewards. Below are 5 brands that took risks in their marketing practices and campaigns and proudly lived to tell about them.

EVEREADY POWERS PROGRAMMING HOURS

Ads and brand mentions during radio programming appeared in the very early stages of the medium. Programs were often interrupted to allow for station identification and to give proper billing to advertisers. New ways for companies to advertise on the radio appeared in the mid-1920s when the National Carbon Company's "The Eveready Hour" became the first broadcast series to be entirely sponsored. The idea came when George Furness heard a book being read on-air and imagined the possibilities of continuous radio programming, and how advertising could fit into that vision. He went on to become the producer and supervisor of "The Eveready Hour," a show created to showcase American culture.

AMERICAN TOBACCO SPENDS MILLIONS TO ADVERTISE LUCKY STRIKE

Lucky Strike sought a motive for the female market to smoke. In doing so, the American Tobacco Co. took on an unlikely competitor: candy. The brand's campaign encouraged women to "Reach for a Lucky instead of a sweet." The National Confectioners Association launched anti-smoking literature in response. The industry rivalries led the FTC to investigate. To fight back, American Tobacco allocated $12.3 million for advertising, an unprecedented amount in 1929, equal to more than $155 million today. Despite great effort, the FTC banned the idea of marketing cigarettes as a weight-loss aid and Lucky Strike amended its campaign to the more innocuous, "Reach for a Lucky instead."

ANHEUSER-BUSCH KICKS OFF STADIUM SPONSORSHIPS

In 1953, the famous brewery attempted to buy the naming rights to Sportsman's Park, occupied by the St. Louis Cardinals, and to identify it as "Budweiser Stadium." Commissioner of Baseball Ford Frick rejected this first suggestion but eventually accepted the second proposed title, "Busch Stadium." Named for one of Anheuser-Busch's founders, Adolphus Busch, this was the origin of stadium sponsorships in the United States. After the name was approved, Anheuser-Busch released a product called Busch Bavarian Beer, now Busch beer, to complement the stadium's moniker. Its success paved the way for the stadium sponsorships we know today.

THE VW BEETLE BEGINS THE CREATIVE REVOLUTION

The Volkswagen Beetle was a small, economic vehicle, with comfort and power. While most advertisers in the 1960s used information-heavy text or fantastical ads to sell products, DDB went against the norm to advertise this unique car. VW appealed to consumers' sensibilities, using emotion and product benefits in clear, concise ways that had never been attempted before. Single words and short phrases such as "Think small" accompanied simple product imagery. The distinctive format of the advertisements and DDB's new agency model, where creative departments and copywriters worked side by side, were the start of what is now known as the creative revolution.

THE PEPSI GENERATION JUMP-STARTS THE COLA WARS

According to the Los Angeles Times, "the groundbreaking 'Pepsi Generation' advertisements launched in 1963 profoundly changed the direction of marketing. It focused on the attributes of people who buy Pepsi, rather than attributes of the product." The brand targeted baby boomers, showcasing energetic, young consumers enjoying Pepsi as they went about their athletic, fun-filled lifestyles. Coca-Cola and Pepsi had already been competitors, and for the next 30 years the two would fiercely battle on the advertising stage. The "Cola Wars" defined the soft-drink category for decades."

~ Source: AdAge.com

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