2020 social approach to social media marketing for luxury brands

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Luxury Brands + Social Media 2020 Social: Because Business is Social [email protected] @gauravonomics

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2020 Social approach deck on how luxury brands are using social networks and online communities to become accessible to fans but still remain exclusive for customers.

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Page 1: 2020 Social Approach to Social Media Marketing for Luxury Brands

Luxury Brands + Social Media2020 Social: Because Business is Social

[email protected]@gauravonomics

Page 2: 2020 Social Approach to Social Media Marketing for Luxury Brands

Luxury Brands + Social Media

Exclusivity:Achievement of the brand’s promise is exclusive

Accessibility:Awareness of the brand’s promise is accessible

Luxury brands need to balance being accessible on social media and being exclusive in real life.

So, luxury brands should build desire amongst fans but also create exclusive experiences for customer.

Adapted from Marci Ikeler & Phil Jackson: http://slideshare.net/marciikeler/digital-strategies-for-luxury-brands

1. Awards, magazines, communities

2. Sharabledigital artifacts

3. Highly curated co-creation

4. Private customer communities

LMVH Nowness, Rolex Awards

Godiva virtual gifts, LMVH tie posters

Burberry Art of the Trench, Mac Artist tweets

Generation Benz, A Small World

Page 3: 2020 Social Approach to Social Media Marketing for Luxury Brands

1 Create awards, magazines and communities to interpret luxury lifestyle, fashion and design with your brand’s unique lens.

Page 4: 2020 Social Approach to Social Media Marketing for Luxury Brands

NOWNESS by LVMH

Source: http://nowness.com

LMVH has created an online magazine called Nowness, focused on the luxury lifestyle and the art of living.

Page 5: 2020 Social Approach to Social Media Marketing for Luxury Brands

Thierre Mugler Womanity

Source: http://womanity.com

Designer Thierry Mugler has created a community called Womanity to explore different aspects of being a woman.

Page 6: 2020 Social Approach to Social Media Marketing for Luxury Brands

D&G Swide Magazine

Source: http://swide.com & http://dolcegabbana.com

D&G has created a luxury lifestyle magazine Swide.

D&G’s widgetizedhomepage marries high-style with high-tech and pulls in content from Facebook, Twitter and YouTube.

Page 7: 2020 Social Approach to Social Media Marketing for Luxury Brands

Wyndham Women on Their Way

Source: http://womenontheirway.com

Wyndham Hotels and Resorts has created a community called “Women on Their Way” where women travelers share travel stories and tips.

Page 8: 2020 Social Approach to Social Media Marketing for Luxury Brands

BMW Mini Space Community

Source: http://minispace.com

BMW MINI has created a community for designers and creativesaround the “Creative Use of Space”.

The community has become a hub for connecting creative people, events and projects.

Page 9: 2020 Social Approach to Social Media Marketing for Luxury Brands

Rolex Awards

Source: http://rolexawards.com

Established in 1976, the Rolex Awards recognize pioneering projects that demonstrate innovative thought and contribute to the betterment of humankind.

The Rolex Laureates share news and insights on their projects on a blog.

Page 10: 2020 Social Approach to Social Media Marketing for Luxury Brands

2. Leverage your brand’s desirability to create sharable digital artifacts.

Page 11: 2020 Social Approach to Social Media Marketing for Luxury Brands

Godiva Virtual Gift Shop

Source: http://facebook.com/Godiva?v=app_144428179171

Belgian chocolatierGodiva has a virtual gift shop on Facebook.

Godiva also tied up with Communispace to create an invite-only all-woman private research community of chocolate lovers.

Page 12: 2020 Social Approach to Social Media Marketing for Luxury Brands

Hermes Tie Posters

Source: http://facebook.com/hermes?v=app_123027794380843

Hermes created a Facebook app to encourage users to share funny manifesto posters featuring Hermes ties with their friends.

Page 13: 2020 Social Approach to Social Media Marketing for Luxury Brands

Tiffany iPhone App

Source: http://itunes.apple.com/app/tiffany-co-engagement-ring/id375427126?mt=8

Tiffany has created an engagement ring finder iPhone app that lets customers determine their ring size by placing a ring on the screen, apart form offering expert tips.

What if fans could gift each other virtual engagement rings from Tiffany?

Page 14: 2020 Social Approach to Social Media Marketing for Luxury Brands

Ferrari Memorabilia Store

Source: http://ferrari.com/english/community & http://store.ferrari.com/en/fan

The Ferrari fan community is built around the fan forums but also has a paid section for racing enthusiasts.

Ferrari also has a popular memorabilia store.

What if Ferrari started offering its models and memorabilia as virtual gifts?

Page 15: 2020 Social Approach to Social Media Marketing for Luxury Brands

3. Bring together designers, artists and customers to share how they interpret your brand.

Page 16: 2020 Social Approach to Social Media Marketing for Luxury Brands

Burberry Art of the Trench

Source: http://artofthetrench.com

A collaborative project to create “a living document of the trench coat and the people who wear it”.

Consumers and creative image-makers submit photographs of people wearing the Burberry trench coat and the best photographs are showcased.

Page 17: 2020 Social Approach to Social Media Marketing for Luxury Brands

Mac Artist Tweets

Source: http://macartiststweets.com

Mac compiles behind-the scene tweets from its makeup artists during fashion shows.

Page 18: 2020 Social Approach to Social Media Marketing for Luxury Brands

Coach Design a Tote Contest

Source: http://brickfish.com/fashion/Coach

Fashion brand Coach asked consumers to design a limited edition tote using its iconic design elements.

Page 19: 2020 Social Approach to Social Media Marketing for Luxury Brands

Sheraton Better When Shared

Source: http://sheratonbetterwhenshared.com

Sheraton Hotels & Resorts has created a community where its customers can share travel tips and stories.

Page 20: 2020 Social Approach to Social Media Marketing for Luxury Brands

4. Create a private invite-only social network to underline your brand’s exclusivity.

Page 21: 2020 Social Approach to Social Media Marketing for Luxury Brands

A Small World

Source: http://asmallworld.net

A Small World is a private community of “internationally minded people” from around the world.

Page 22: 2020 Social Approach to Social Media Marketing for Luxury Brands

Generation Benz Community

Source: https://generationbenz.com

Mercedes Benz has created a private, invite only social network for Gen Y customers called Generation Benz.

Owners of Mercedes cars discuss about their cars and lifestyles and access special events and merchandise provided by Mercedes.

Page 23: 2020 Social Approach to Social Media Marketing for Luxury Brands

The St. John Community

Source: http://www.sjk.com/community

Luxury brand St. John has created a community for its customers to connect with each other.

Page 24: 2020 Social Approach to Social Media Marketing for Luxury Brands

Ask Us How2020social.com | [email protected]| @2020social

[email protected]@gauravonomics