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Full Marketing Strategy of Coca-Cola (4Ps) – Updated 2023

November 24, 2022 in Case Studies

Coca-cola is one of the most sipped carbonated beverages around the world. Introduced around 136 years ago, Coca-cola has been striving to engage customers effectively through its robust marketing strategies. Moreover, these marketing strategies of Coca-cola have been helping the brand do around 1.9 million servings daily that span around 200+ countries. In this article, we will cover the marketing mix of coca-cola and, further, the updated marketing strategies for 2023. 

Coca-Cola Marketing Mix

The marketing mix of coca-cola, or its business model, focuses on traditional marketing techniques like Product, place, pricing, and promotion. Further, since the target audience is between 10 and 35, they can attract more audiences by using celebrities in their advertisements. And coca-cola marketing mix has helped the brand to achieve a wider audience. 

marketing strategy

Moreover, the marketing mix of coca-cola is also one of the main reasons behind its international reach and the brand’s widespread popularity. Let us break down the marketing strategies of coca-cola. 

Coca-cola promotion strategy

The diversified product list of Coca-cola is what makes the brand the most successful carbonated drink across the globe. Further, the brand portfolio of coca-cola consists of more than 500+ sparkling and still drinks. And the coca-cola promotion strategy is what has made the brand the most valuable brand in the world. 

Moreover, from coca-cola to coca-cola zero, each of its flagship brands utilizes both traditional and international mediums for promoting their brand. Furthermore, there are more than 3,900 beverage options regarding Coca-Cola’s product mix. The Logo and its font are some classic examples that prove Coca-cola is a global household name. 

See Also: What Are The Major Marketing Strategy Elements?

4Ps of marketing example coca-cola

The 4Ps of the marketing example of Coca-cola is divided into four categories like Product, price, place, and promotion. Let us learn in detail:

Product strategy

Coca-cola boasts an extensive product portfolio and globally popular brands like Sprite, Fanta, Diet coke, coca-cola zero, and more. And each flagship brand has become a global household name. Moreover, bringing in diet coke and zero ensures maximum health while enjoying the drink’s taste. 

coca cola products

So, the strategy of combining classic refreshments with healthy ingredients. Hence, we can buy any flagship brand of Coca-cola or the carbonated beverage brand itself in different quantities as per our needs. 

Price

Another marketing example of coca-cola is its pricing. The brand follows discriminated pricing techniques, which means costs differ for each flagship brand of Coca-cola. Moreover, keeping in mind its customers’ views, it ensures that the pricing of the brand and its flagship brands are reasonable. And what’s more! The price parity of Coca-cola and Pepsi is always consistent. 

 Further, there are bulk purchasing options with discounts. So, the pricing of the brand has made Coca-cola one of the most potent brands apart from its contemporary brand- Pepsi. 

Place

The third and the most influential marketing strategies and their examples are that of the place or location and its distribution strategy. The distribution network of Coca-cola is vast, spanning six regions; North America, Latin America, Africa, Europe, the Pacific, and Eurasia. Moreover, Coca-Cola’s bottling partners also focus on manufacturing, packaging, and shipping to different agents. 

Further, they also have a reverse supply chain network wherein they enable the reuse of leftover bottles to save the making costs and resources. 

Promotional strategy

As mentioned previously, the promotion strategies of Coca-cola are something that has influenced the growth of the brand globally. The aggressive marketing strategy of Coca-cola has helped promote its product lines through ad campaigns across different mediums or channels like television, social media, print media, and sponsorships like NASCAR, NBA, Olympics, Fifa world cup, and more. 

sponsorship

The classic Logo, its font, and more helps in differentiating Coca-cola and its flagship brands from its competitors. And further ensures an imprint of the brand in the minds of the consumers. 

Marketing Mix of Coca-cola that marketers can try 

Most marketers can learn from the marketing mix of Coca-cola and try them. What tips can they follow? Let’s learn in detail:

Brand Identity is essential

One of the important factors that helped Coke-cola build its reputation is its consistent brand identity. Moreover, the consistent brand identity with a unique logo, color palette, typography, photography, and more have helped Coke-cola become a successful brand. So marketers should ensure that they maintain a solid brand identity.

Give priority to product quality

Another critical factor that has influenced the growth of Coca-cola is its product quality. Moreover, the product-centric campaigns of the brand have helped them increase its customer trust and brand loyalty. And the effectiveness of its strategy of prioritizing the quality of its products has helped Coca-cola to climb the ladders of success. 

Competitive pricing strategy

Coca-cola has grown its popularity over the years due to its competitive pricing strategies. By providing many free samples on its founding day and consistently low pricing, Coca-cola has attracted millions of loyal customers. Another pricing strategy is short-term discounts; the more discounts, the more the brand achieves in terms of customers. Hence, if we adopt these pricing strategies for our brand, nothing can stop us from becoming successful. 

Explore new markets across the globe

As a commercial carbonated beverage brand, Coca-cola has been willing to explore new markets. Further, it is one of the contributing factors to their success.

coca cola

Moreover, it has expanded its production over different global markets. Thus, while marketing our brand, ensure that we know niche audiences and try allocating resources towards it. 

Exceptional reactive PR

The Final and most successful marketing strategy of Coca-cola that we can try is reactive PR. Moreover, it has maintained its global response by actively responding to customer reviews. Further, this coca-cola strategy has helped them be the most outstanding brand and maintain the brand in a positive light. 

Frequently Asked Questions

What is Coca-Cola's current marketing strategy?

Coca-cola currently follows aggressive marketing strategies by promoting its flagship brands through ad campaigns across multiple channels and mediums like TV, social media, and sponsorships like the Fifa world cup, NBA, the Olympics, and more.

What are the three key strategies of Coca-cola?

Targeting emotions, maintaining the message, and not forcing the audience to change too much are the three key strategies of Coca-cola.

What are the 4Ps of the marketing strategies for Coca-cola?

Product, price, place, and promotion are the 4Ps of Marketing strategies for Coca-cola.

Conclusion

On the whole, the complete marketing strategy of coca-cola gives us an idea about the beautiful journey of the brand and how it intends to mark its brand in the minds of people in the future.

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Rahul Gupta More posts by Rahul Gupta