Five Takeaways from the Barbie Movie Marketing Strategy
For the last few months, none of us have been able to escape Warner Bros. and Mattel’s Barbie movie marketing campaign. Barbie has been everywhere this summer, from Xbox to countless fashion and beauty partnerships and even a Progressive insurance commercial. Normally, I would be bothered by this strategy, but since Barbie’s slogan is “You can be anything”, it made sense to me.
In an INSIDER article, Abigail Shapiro, a US marketing manager at Crimtan, estimated that the Barbie movie marketing budget ranged “from $125 million to $150 million” in addition to its “reported production budget of $145 million”. Whew, up to $150 million just for marketing?! As a marketing specialist, that would be a dream number to work with.
So, now that the movie has been released and we’ve all shown up to the theater dressed head-to-toe in hot pink (and my sequined Betsey Johnson boots), what can we learn from this no-doubt successful, yet overwhelming, marketing strategy?
Plan Strategically
Planning is crucial for any successful marketing campaign to go off without a hitch. If you run a business, you know “just winging it” won’t cut it. It’s important to plan out your strategy from top to bottom. Here are a few things to consider:
What are you launching?
How will your customers be able to purchase? (in-store or online)
Can your team manage customer service duties?
Is your team ready to handle the wave of engagement on social media?
Pro Tip: Work backward. When I build strategies for my clients, I have a system that I use to plan ahead by working backward from the end of the campaign to the initial planning stages. That way, I know exactly how long the campaign needs to be and I can set my project management system up according to the deadlines I need to hit.
Collaborate with Complementary Brands and Influencers
One of the best ways to build a successful brand is to find ways to incorporate your products and services into your customers’ lifestyles. You can do that by offering items in different categories or partnering with brands that offer products and services that complement yours.
For example, you’re preparing to launch your swimsuit collection and you’ve scheduled a photoshoot to get some fresh content for your digital channels. A stylist can assist you in creating complete looks with eyewear, jewelry, and footwear brands. Influencers can help with this too. Share a few pieces with your trusted content creators and allow them to style the pieces as they wish on their next beach getaway.
In Barbie’s case, seemingly any brand partnership can work with the right planning. Here are a few partnerships I came across.