Originally posted by JPT It doesn't look like many people share my perspective on this. But not to worry - it's just an opinion.
My point was mainly that price is one of the most powerful tools a marketer has, and Ricoh has been quite aggressive in that regard. I think a lot of people criticize their marketing and lose sight of that fact.
For online video content, if it's not done well, there's no point in doing it. I'm not sure how cheap it is to make video content that's really worthy of the brand. There's the production cost, and does Ricoh even have people to organize it? If they had to hire people to run it, it could be quite an expensive venture.
I agree with you!
Unless the marketing is effective, it just makes the cameras and lenses more expensive without making them any better. That's why Canikons cost so much more than Pentax despite the clear economies of scale that Canikon has -- their camera prices reflect the millions of dollars Canikon spend on marketing (ads, retailer incentives, etc.). Canikon buyers pay for all those ads and incentive when they pay for equipment.
I think its too easy to cherry-picking those viral, entertaining v-loggers that top the viewership lists as if creating those channels is something that is easy to do. For every successful gopro marketer, there's a 1000 that suck. And if Ricoh can crack the code that makes viral advertising without a big budget, they should dump all their other businesses because there's lots of companies that would pay billions of dollars for the secret of cheap viral marketing.
Effective marketing really does cost real money. Marketing is guaranteed to increase costs but offers no guarantees that it will boost sales sufficiently to actually increase profits.