When It's Time to Expand beyond the Base
Posted: 26 Aug 2017
Date Written: September 1, 2017
The new CMO of an extreme-race company is on the hook to come up with a way to further monetize the underexploited brand while also fixing customer pain points related to the registration process. She and the COO propose a premium membership that allows die-hard fans to buy early access to race registration, but tests on social media reveal strong animosity toward the program among some racers. Should the company pull the plug or move forward, potentially upsetting the company's most loyal customers? This fictional case study features expert commentary by Michael Bolingbroke and Huib van Bockel.
Keywords: Pricing, Brand Management, Customer Relationship Management, Marketing Strategy
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