Abstract:
Companies need to target their customers efficiently and effectively with their marketing messages. Therefore, tools beyond traditional advertising need to be available for marketers to communicate low-key, but still very results-oriented. For this reason product placement (as well as sponsoring) is used more frequently. Surprisingly, only very few scientific publications have analysed the use of product placement in the international marketing arena so far. As the topic is highly complex, existing studies mainly focus on very few countries only and do not take a true global perspective.
The paper first tries a systematization of product placement and then discusses pros and cons of the tool, before an outlook covering potential future usage scenarios is given: it is getting harder and harder to win customers’ awareness; at the same time, customers readily accept product placement as a form of marketing communication which in return enables companies to position their products in an effective and efficient way. Movie producers as well as marketers, though, need to make sure to focus on customers’ needs and demands in everything they undertake. Customers only accept product placement in entertainment content, if is not too aggressive and obvious. If product placement should be effective it needs to be used low-key.