Media Investment 2024: one of the two big mistakes you shouldn't make like most do (part II)

(By Juan Maqueda and Marcelo Maurizio) Planning and creating product placement: the strategy that delivers the best results and is more relevant in the current era of integrated content in everyday life is a technique ignored and self-sabotaged by companies and digital, and even traditional, media agencies themselves, simply because it involves integrating, coordinating, and doing work that they just can't handle. Most companies and public figures are unaware of the secrets and benefits of implementing product placement due to a combination of biases, lack of knowledge, and, above all, cognitive bias. Many people wrongly believe that only big brands can afford to carry out product placement (or product integration) and that it is not possible for smaller brands or local ventures. This is a common mistake and a misconception fueled by a lack of education and understanding of this marketing strategy.

Firstly, product placement is not an exclusive strategy for big brands. Any company, brand, celebrity, or venture can benefit from this marketing strategy in plays, TV shows, videos, or radio, whether at a local, national, or international level. Product placement can be an excellent way to build brand awareness and promote products or services in a non-intrusive and subtle manner. Additionally, this strategy can also help improve brand image by associating it with a popular movie or TV show.

One of the key benefits of product placement is its ability to reach a specific audience in a more authentic and natural way. Unlike traditional ads, product placement doesn't interrupt the viewer's experience; instead, it integrates into the plot and story. This allows the viewer to feel more connected to the product or service and increases their interest in it. Moreover, product placement can also be used as a tool for storytelling and character development.

Another important factor to consider is cognitive bias, which can limit the understanding and adoption of new marketing strategies. People often cling to their beliefs and prejudices, rejecting anything that contradicts their viewpoint. In the case of product placement, some may believe it's ineffective or too expensive for their brand. However, it's essential to remember that product placement is not a one-size-fits-all solution, and each campaign must be customized and tailored to the specific needs and goals of the company.

Below, we share some of the thousands of successful product placement cases for both large and small brands.

Successful Product Placement Cases for Large Brands:

  • Coca-Cola in the movie "The Hunger Games": The beverage brand achieved great success in the film because the story unfolds in a dystopian future, yet the brand appears as one of the few positive things remaining.

  • Audi in the movie "Iron Man": Audi gained significant brand exposure by being the official vehicle of the main character, Tony Stark.

  • Nike in the movie "Forrest Gump": The sports apparel brand benefited greatly from the appearance of its products in the film, especially the sneakers worn.

  • Ray-Ban in the movie "Top Gun": The sunglasses brand benefited from its appearance in the film due to the popularity of the main characters, Tom Cruise and Val Kilmer, and their lifestyle.

  • Mercedes-Benz in the movie "Jurassic World": The luxury car brand appeared in the film as the official vehicle of the theme park and benefited from the resulting advertising.

  • Apple in the movie "La La Land": The technology brand appeared in the film as a key element in the narrative and characterization of the main character, played by Ryan Gosling.

  • Hershey's in the movie "E.T.": The candy brand benefited greatly from its appearance in the film, especially in the iconic scene where the main character shares a pack of M&M's with the extraterrestrial.

  • BMW in the movie "Mission: Impossible - Ghost Protocol": The car brand appeared in the film as the official vehicle of the main character, played by Tom Cruise, and benefited from the resulting brand exposure.

In addition to these examples for large brands, there are numerous successful product placement cases for smaller brands and ventures. Here are some examples:

  • The Shelter Pet Project in the movie "Keanu": The pet adoption campaign benefited from its appearance in the film, which focused on a cat named Keanu.

  • Einstök beer brand in the TV series "Game of Thrones": The Icelandic craft beer brand gained significant brand exposure by appearing in various episodes of the series.

  • Shake Shack restaurant in the TV series "Billions": The burger restaurant chain appeared in the series as one of the main character's favorite places and benefited from the resulting brand publicity.

  • Skagen watch brand in the TV series "House of Cards": The Danish watch brand appeared in the series as the official watch of the main character, played by Kevin Spacey.

  • Tito's vodka brand in the movie "Kingsman: The Golden Circle": The craft vodka brand appeared in the film as the preferred vodka of the main character, played by Taron Egerton.

  • Nudie Jeans brand in the TV series "Californication": The Swedish clothing brand appeared in the series as the favorite brand of the main character, played by David Duchovny.

  • Tesla car brand in the TV series "The Big Bang Theory": The electric car brand appeared in the series as the main character's car, played by Jim Parsons.

  • Method cleaning products brand in the movie "The Internship": The eco-friendly cleaning products brand appeared in the film as the main character's favorite brand, played by Vince Vaughn.

One of the reasons many companies and public figures are unaware of the secrets and benefits of product placement is because it is not often taught in faculties and business schools. Most academic programs focus on traditional advertising and sales promotion, and product placement is not included as a valid marketing tool.

Furthermore, the advertising industry, in general, has tended to focus on selling volume and repetition, making product placement a challenging task for media agencies. Unlike traditional advertising, where ads are placed in a variety of media and widely disseminated, product placement requires a more specific and personalized approach. This means media agencies have to work with content producers and creators to find the best way to integrate products into the storyline in a natural and effective manner.

Another reason why product placement is not widely taught is that it requires a deep understanding of human behavior and neuromarketing. The success of product placement depends on how products are integrated into the story and how they emotionally connect with viewers. This involves a detailed understanding of how cognitive processes work in the human brain and how they can be leveraged to influence purchasing decisions.

Additionally, product placement poses a higher risk for brands. Unlike traditional ads, where brands have more control over content and ad placement, product placement involves relinquishing some control to the content producer or creator. This means brands run the risk of being misrepresented or even facing negative criticism in the content they integrate into.

An exciting topic—tomorrow, we'll tell you why product placement is often not reported in media audits.

El mundo del comercio y de las marcas ha sufrido un enorme cambio ¿Qué estás haciendo muy mal y no querés darte cuenta? (11 tips para tener éxito hoy)

(Nota cocreada con la prestigiosa comunidad Beyond Latam, junto con Maurizio y Otero) El futuro de la experiencia del cliente, es hoy ¿Por qué las marcas como Louis Vuitton ponen heladerías, cafeterías, restaurantes? ¿por qué cada vez más marcas tech activan en la F1 o en otros eventos deportivos?. Las empresas que se enfocan en la creación de experiencias de este tipo serán las que tengan éxito en el futuro o mejor dicho las que están creciendo drásticamente hoy.

(Lectura ágil, contenidos de valor, 3 minutos de lectura) 

McLaren-Norris-Piastri en Barcelona: La Estrategia del Éxito. ¿Cómo aprender de los grandes líderes en F1 para triunfar en los equipos y negocios"

(Nota cocreada con la prestigiosa comunidad de Ceos e Investigadores de Beyond en Latam y el programa especialista en deportes XDXT) En un mundo cada vez más competitivo, es fundamental tener una estrategia clara para triunfar en la vida y en los negocios. ¿Por qué insistimos en no invertir en estrategas, planificadores, head of culture y si gastamos enormes cantidades de tiempo y recursos en “acciones de corto plazo”?

(Lectura ágil, contenidos de valor, 1 minuto de lectura nota resumen, nota expandida: 3 minutos) 

Mujeres emprendedoras en Miami-Dade: La segunda edición de “Líderes en Acción”

(Por Vera junto a Maurizio) Miami-Dade se posiciona como uno de los territorios más vibrantes y dinámicos en materia de emprendimiento y liderazgo femenino en toda la región. La segunda edición del programa “Líderes en Acción”, organizado por Manah Foundation, reafirma el compromiso de potenciar a las mujeres hispanas que, desde el sur de Florida, están transformando sus comunidades a través de negocios con propósito, innovación y visión social.

Tiempo de lectura: 6 minutos

El nuevo McDonald 's temático de Minecraft en CDMX: la revolución en retail y experiencias lúdicas (¿por qué esta estrategia es tan exitosa?)

(Por Maurizio y Maqueda) En un entorno donde la competencia en el sector de comida rápida se vuelve cada vez más feroz, y donde el concepto de “no-lugar” —espacios impersonales y anónimos— comienza a perder relevancia, las marcas líderes están apostando por una estrategia disruptiva: transformar sus locales en experiencias inmersivas y temáticas que conecten emocionalmente con sus públicos. 

(Nota de alto valor estratégico: 5 minutos)

Sabrina Carpenter estrena esta semana: ¡Oh, boy! (¡Oh Video!)

(Por Vera junto con Maurizio) ¿Puede un par de shorts vaqueros, un pulgar levantado, un avance en X y en IG,  un par de vallas publicitarias mover millones de dólares? La respuesta, ¡oh boy!, es un rotundo sí. El enigmático teaser de Sabrina Carpenter —grabado en una carretera polvorienta y amplificado en redes sociales, medios de prensa digital y por supuesto muchos fans… nota de color, el video que difundío no es formato vertical. 

Otro buque con vehículos eléctricos en llamas en el Pacífico: ¿Qué revela esta serie de incidentes sobre la seguridad en el transporte marítimo del futuro?

(Informe especial junto a Maximiliano Mauvecín especialista en comercio internacional) ¿Por qué el aumento de incendios en barcos de vehículos eléctricos preocupa a todos los actores del mercado global? En los últimos años, el transporte marítimo de automóviles, especialmente de vehículos eléctricos (VE), ha experimentado un crecimiento exponencial. 

Tiempo de lectura: 5 minutos

Expectativa Mundial: McDonald's lança Monopostos em escala da película F1: The Movie? Uma promoção que pode revolucionar o marketing global?

(Por Maurizio e Taylor) Por que não seria totalmente plausível essa colaboração inovadora? Pode marcar um antes e um depois no universo do marketing de franquias? As alianças estratégicas e as experiências de marca — o Crossing Marketing — estão se consolidando como a nova moeda do sucesso. A parceria entre McDonald’s e o aguardado filme F1: The Movie, protagonizado por Brad Pitt, promete transformar esse cenário em um fenômeno global.

Tempo de leitura: 5 minutos

 

Expectativa mundial: ¿McDonald's lanza monoplazas a escala de la película F1:The Movie? ¿Una promoción que revolucionará el marketing?

(Por Maurizio y Taylor) ¿Por qué no sería descabellado esta genial colaboración? ¿Marcará un antes y un después en el marketing de franquicias? Las alianzas estratégicas y las experiencias de marca (Crossing Marketing) son la nueva moneda del éxito, la colaboración entre McDonald’s y la próxima película F1: The Movie, protagonizada por Brad Pitt, promete convertirse en un fenómeno global.

Tiempo de lectura: 5 minutos