5 Things We Can Learn From Barbie's Marketing Strategy
The remarkable fashion doll created by Matt has always been a living representation of creativity and inspiration for children, teenagers, and even toy or figurine enthusiasts. In fact, with Barbie’s ever-evolving personality and empowering vocations, she became a symbol of endless possibilities for people around the world.?
Additionally, Barbie has gone through several make-overs, embracing an extensive diversity of culture, professions, and interests, this dynamic adaptability broke stereotypes which influenced people.?
Let Barbie take you to her own magical world by delving into this article and how Mattel Incorporation went through with different marketing strategies in 5 simple ways!
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A Glimpse of Mattel’s Struggles with Barbie
Mattel suffered a number of setbacks in the early 2020’s, affecting its financial revenue and stock value. Traditional toy manufacturers faced strong competition as technologically advanced toys and virtual entertainment paved their way in the new wave.?
In addition, the company encountered supply chain and aggravating production costs, which resulted in a drop in Mattel’s stock performance that ended with countless doubts about the company’s capacity to remain relevant in a shifting market.?
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Building Brand Partnerships
Mattel embarked on an ambitious cinematic attempt to relaunch the Barbie brand by releasing a Barbie film on July 21, 2023. The film offered a fresh take on the legendary doll with a fascinating tale, associated with modern themes that would immediately grab the audience’s attention.?
The huge success of the Barbie film opened fresh possibilities for Mattel Inc., to capitalize on merchandising and licensing. The company had the opportunity to develop a wide selection of spin-off goods and tie-ins after the movie’s characters' plot captured the hearts of the fans.?
Mattel Inc., has been successful in terms of building partnerships by strategic collaborations and licensing conditions just to showcase their iconic Barbie doll. However, it’s probably best to determine how the company built brand partnerships with others.
Let’s try to elaborate on what steps Mattel Inc., took in order for the company to strengthen their relationship with organizations:
Collaborations with designers such as Christian Dior, Moschino, and Vera Wang enhanced the Barbie brand with high-end fashion allure, drawing enthusiasts and collectors.?
Uses the Power of Brand Nostalgia
Apparently, Mattel Inc., successfully used nostalgia as a powerful weapon to appeal to their lifetime Barbie fans and new generation of consumers. Generally speaking, nostalgia is a strong emotion that evokes good memories and positive feelings associated with the past.?
The company re-launched Barbie by incorporating the sentimental emotion, keeping the doll contemporary and cherished throughout the years.?
Here are some examples of how Mattel harnesses the power of nostalgia in Barbie:
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Brand Consistency
A lot of people are familiar with Barbie. However, there may be cases they are unsure of, such as how long the doll has been around. Well, truthfully, the popular toy has been existing for over 63 years.?
Barbie can be anyone; she can be an astronaut, a fashionista, and an Olympian skier, but, Barbie, like any other brand, also started with an idea that came from scratch.?
But where did Barbie originally come from anyway??
Apparently, Ruth Handler, the co-founder of Mattel Inc., got the inspiration after she observed her daughter having fun playing with paper dolls. Upon considering a wide range of concepts and designs, Handler thought about a German doll named Bild Lilli, which Barbie was based on.?
Ever since then, Barbie continued to rise into an international and classic brand. Barbie’s branding has gone through a lot of process including her logos that have evolved over time with consistency:?
In this way, the brand’s identity was given a playful and whimsical feel.?
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In addition to the logo’s tilted appearance, the designers also added a bubble-like shadow to emphasize the brand’s lighthearted nature.?
With that, the end product was a logo that heavily reflected Barbie’s personality. Additionally, the designers decided to drop the brand’s signature bright pink color palette in favor of a more modest and pastel color scheme.
The style in the logo contains letters which are connected and the logo has a hand-drawn, unique aspect. The color has been slightly modified to a brighter hue, but the logo still employs only one color throughout.
The new logo, with a more refined and lively design, effectively expresses the essence of Barbie in this period.?
But despite the fact that the logo was created to appeal to the brand’s target audience of youngsters, a lot of people thought it was too childish and lacked sophistication.?
Not just that, the cursive form was disregarded to shift to a handwritten form. This change improved the style’s legibility and whimsical demeanor, its shade was also enhanced to a softer pastel pink.?
Barbie has managed to tap into the memories of its collectors while still appealing to a new generation of fans by returning to the original style. The recent logo represents more than? a firm, it is a timeless cultural icon.?
Barbie’s ability to adapt to evolving times and still remain relevant shows the brand’s innovation and creativity.?
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Good Storytelling
What kind of story does Barbie have to offer? In fact, Barbie has captivating stories to tell that crafts ideas towards imagination, empowerment, and inclusivity. Barbie, as one of the world’s famous and adored toy brands, touched the hearts of the people with her unique storytelling!
Young children are encouraged to construct their own tales through Barbie’s influence that carries hopes and aspirations. To tell the truth, Barbie’s open-ended storyline fosters artistic ability and nurtures insightful perceptions.?
Furthermore, Barbie’s way of storytelling shows the doll’s struggles as she goes through an amazing and inspiring journey in any path she takes as Barbie opens different fields in her life. As a doll that is harnessed with diversity, Barbie promotes vulnerability; making people more drawn to her character.?
What’s more is that Barbie grabs everyone’s attention with her different storytelling approaches, including animated films, digital content, playsets, and collaborations with other brands. Barbie’s magical and dazzling stories not only entertain but it also provides strength and resilience in children.?
And here are some important elements you might want to look in terms of Barbie’s approach in storytelling:?
Brings Emotional Connection with the Audience
Have you ever imagined how Barbie builds emotional connection with her audience in the first place? Truthfully, Barbie establishes emotional foundation through her narratives. Barbie is not just a doll, she’s a powerful figure who has a lot of stories to tell.?
And under those circumstances, Barbie’s commitment towards fairness builds emotional connection because of her principles she believes in, she embraces the beauty of one-self. The doll never showed doubts when it’s about individuality whether it’s the shape of her body, cultural background, status, and profession, bringing a sense of belonging and acceptance.?
In that way, children feel seen and represented by Barbie, which develops their emotional connection with the doll since it correlates with their experiences and identities. Thus, Barbie's influence as a strong-willed doll continues to shine through the minds of her audience in every generation.?
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In Conclusion
Therefore, Barbie’s success can provide you with a lot of useful insights. She has evolved from a basic doll to a full-fledged franchise that sells a variety of features and versions.?
Not just that, Barbie also forms an emotional attachment with her audience by being more than just a simple doll, she represents the power of ambitions, equality, and resilience.?
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Hoping this article finds you well, we always love to hear from you in the comments!
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