Optimism Pays Off?
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If you’re a soft drink company what do you do to keep market share high in a down economy? Let the good times roll, and put on a happy face? Well, I’m not sure, but that certainly seems like the plan for mega giants PepsiCo and Coca-Cola.
According to Pepsi, 95% of their target market (individuals born between 1980 and 1990) prefer to maintain a positive outlook on life. Additionally, those born from 1980 to 1990 (individuals referred to as "Millenials,") are confident about the remainder of 2009. (Data according to StategyOne)
With those statistics in mind, Pepsi launched a new campaign which includes a redesigned logo that looks like a smile and welcoming greetings such as: Hi, Yo, or Howdy.
Coca-Cola on the other hand, is no stranger to marketing happiness (think their early 90’s polar bear campaigns). The company is at it again, with their newest slogans: Open Happiness and The Coke Side of Life, around billboards nationwide.
As for who has it right, I guess only time will tell. For now, let’s just hope the glass is half full for both Coke and Pepsi.
By Kelley Blakewood
