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FERRARI’S NEXT DIGITAL STRATEGY
Steven Teitelbaum
WHAT’S THE GOAL?
• Increase Ferrari brand’s global following
• Increase number of potential customers in Ferrari fan base
• Increase brand recognition
• Ultimately, grow the Ferrari brand and increase sales
WHO TO TARGET?
• Niche market
• Target market’s characteristics
• Wealthy
• Expensive Taste
• Car Enthusiasts/Collectors
• Racing Enthusiasts
• Ferrari “Fanboys”
THE PLAN OF ACTION
• The plan is to go viral
• A wildly exciting video series of Ferrari ownership adventures
• High-production video series highlighting the joy of owning a Ferrari
• This type of video appeals to the target market
• Going viral means it would be shared all over the internet
WHY THIS WILL WORK?
• High-production videos would highlight the brand’s most appealing characteristics
such as…
• High-Speed
• Insane Luxury
• Joy of Ownership
• The videos would be rich in content, thus containing enough value to be shared
online by users
IT’S WORKING FOR PENNZOIL
• Pennzoil’s JOYRIDE video series is a success
• High-production videos of fast cars driving spiritedly
• The JOYRIDE videos have gone viral
• The JOYRIDE series has millions of views and are still gaining
popularity as they’re being shared all over the internet
• https://www.youtube.com/watch?v=_WBxpalG10g
FERRARI CAN DO IT BETTER
• Ferrari has the opportunity to do it even better
• Ferrari has very attractive products, so there is already greater appeal than a motor
oil company
• If Ferrari creates a high-production film series with exciting driving stunts, it would
be shared rapidly online
THE RESOURCES
• High-production films would require at least 4-6 to complete
• Each video could cost upwards of $2 million to produce
• A world-class team of producers and would be required to ensure top quality
THE METRICS
• To measure success, Ferrari could track the number of…
• Views
• Shares
• Likes and dislikes
• Comments
• Reposts
• Mentions
• Increase in social media following
• Increase in website traffic
• Increase in sales
• etc.
OPPORTUNITY

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Ferrari's Next Digital Strategy

  • 1. FERRARI’S NEXT DIGITAL STRATEGY Steven Teitelbaum
  • 2. WHAT’S THE GOAL? • Increase Ferrari brand’s global following • Increase number of potential customers in Ferrari fan base • Increase brand recognition • Ultimately, grow the Ferrari brand and increase sales
  • 3. WHO TO TARGET? • Niche market • Target market’s characteristics • Wealthy • Expensive Taste • Car Enthusiasts/Collectors • Racing Enthusiasts • Ferrari “Fanboys”
  • 4. THE PLAN OF ACTION • The plan is to go viral • A wildly exciting video series of Ferrari ownership adventures • High-production video series highlighting the joy of owning a Ferrari • This type of video appeals to the target market • Going viral means it would be shared all over the internet
  • 5. WHY THIS WILL WORK? • High-production videos would highlight the brand’s most appealing characteristics such as… • High-Speed • Insane Luxury • Joy of Ownership • The videos would be rich in content, thus containing enough value to be shared online by users
  • 6. IT’S WORKING FOR PENNZOIL • Pennzoil’s JOYRIDE video series is a success • High-production videos of fast cars driving spiritedly • The JOYRIDE videos have gone viral • The JOYRIDE series has millions of views and are still gaining popularity as they’re being shared all over the internet • https://www.youtube.com/watch?v=_WBxpalG10g
  • 7. FERRARI CAN DO IT BETTER • Ferrari has the opportunity to do it even better • Ferrari has very attractive products, so there is already greater appeal than a motor oil company • If Ferrari creates a high-production film series with exciting driving stunts, it would be shared rapidly online
  • 8. THE RESOURCES • High-production films would require at least 4-6 to complete • Each video could cost upwards of $2 million to produce • A world-class team of producers and would be required to ensure top quality
  • 9. THE METRICS • To measure success, Ferrari could track the number of… • Views • Shares • Likes and dislikes • Comments • Reposts • Mentions • Increase in social media following • Increase in website traffic • Increase in sales • etc.