Most customers remember the jingle “ba-da-ba-BA-BAAA, I’m Lovin’ It”. The catchy jingle with an addictive hook plays in our minds from the early 2000s, but it seems these days with inflation, McDonald’s wishes to curb this financial stress, and to do so involves some big changes.
McDonald’s is making plans, when it comes to attempting to win back their customer base. And this means pulling out all the special marketing ropes to get the job completed. But how exactly will this work? And can the fast-food chain truly get its low-income customers to buy a Big Mac and French Fries again? One can only wonder since inflation has really hit customers hard. And the only way McDonald’s can be the hero in this story is to give customers what they want, an excellent deal for the money.
Thanks to sticker shock prices, low-income families are rethinking those not-so-exciting Happy Meals as dining at McDonald’s is getting way too expensive for their wallets. Facing ridiculous high-food costs, the chain’s prices skyrocketed 10% last year, with a Big Mac combo meal setting customers paying as high as $18; hikes this year are set to jump another 2%-3%. Though McDonald’s CEO promises to curb inflation, aimed at low-income customers falling out of love with the fast-food giant. Focusing on “affordability” to try to lure customers back to its big yellow arches.
California’s Minimum Wage Increase Works into a Strategic Menu Options for Customers
Using Vintage Ads for 2024’s Customer Base
There is no question that McDonald’s is pulling out all the tricks in their hats. And one in particular they are attempting to revive is “vintage ads” we recall from the start of the franchise.
McDonald’s celebrated the biggest revival yet, by bringing back the iconic character known as, “Grimace” to celebrate his birthday with a Grimace milkshake. Highlighting this furry purple mascot with a limited edition campaign, with products and a TV commercial featuring Ronald McDonald Charities.
Making Major Changes to the Burgers
It comes as no surprise to win back their customers, the fast-food chain has decided to make some changes, especially when it comes to their signature burgers.
The changes to be made are, to revamp the buns to brioche buns that are sliced with a thicker bottom to retain heat. There are also changes coming to their cheese, tomatoes, and lettuce.
. More sauces on Big Macs
. Meltier cheese
. Fresher lettuce and pickles
. And juicer tomatoes
Stopping Customers from Eating at Home
Customers are feeling the pain at fast-food chains, especially McDonald’s and eating at home just makes sense for their wallets. And since inflation has really hurt low-income families it adds to common logic.
Making these changes will not be easy for the fast-food franchise, but when it comes to convenience McDonald’s is coming up with the right strategies to get customers off their couches and back into the golden arches.
McDonald’s Rebranding Strategy with Interior Shifts
The American fast food chain is using a marketing strategy by changing its interiors.
McDonald’s restaurant interiors in the last decade have faced a lot of scrutiny for how it has impacted their customers' health. With not very clean floors, possibly being concerned over sticky seating. However, the American iconic fast-food chain has proved it can reinvite itself to the party, and survive the most crucial times with a smart rebranding strategy. This is highlighted through some eye-catching interior design details and adding even more space and structure. Opening up spaces, to bring more light in to feature its menu options, as well as showcase some cool new interior features.
Happy Meal for Adults with a Twist
To keep up with McDonald’s rebranding strategy, they are bringing back Happy Meals for Adults! It sounds kind of interesting and fun, but the twist is they are including very special new toys.
McDonald’s is releasing a limited edition Happy Meal for adults, complete with a very special toy. It’s a modern take on the beloved McNugget buddy toys that were popular in the 80’s and 90’s. You can also choose from a 10-piece Chicken McNuggets or the beloved iconic Big Mac Box. This strategy attempts to create a nostalgic vibe and keep customers worldwide from coming back to their restaurants and it seems to be working. When we see McDonald’s as a popular hashtag on social media outlets. Even with the hype, it seems to be the perfect way to remind customers why they love the fast-food franchise, to begin with and continue to flock inside.
McDonald’s Beats Out Starbucks with Targeting Market
In 1996, author and journalist Thomas Friedman famously wrote: “No two countries that both have a McDonald’s have ever fought a war with each other.” The theory hasn’t stood the test of time, but the branding for McDonald’s definitely has.
The target market for McDonald’s is shown on a global scale and covers a massively broad age group, from kids to senior citizens ranging from 6-70 years old. A married woman aging from 41-56, makes up the demographics who enjoys a particularly tasty McDonald’s breakfast. These numbers are very impressive, which makes the fast-food giant even more popular than Starbucks coffee franchises.
Financial Reports and Ranking
Despite the success that McDonald’s saw in the early 2000s, it unfortunately saw quite a dip following 2020. This was thanks to the recent inflation crisis and customers tightening their wallets.
This drastically changed course following 2022, 2023 with revenue jumping from $23.18B to $25.01B in 2023. This total income was generated thanks to the sales of new goods and services provided by their restaurants.
Listening to Consumers and Changing
McDonald’s is all about the marketing strategy, but one particularly interesting move is seeing the fast-food joint taking feedback from its customers and changing things. Yes, they are actually considering what the consumer wants to see differently, whether it is new menu options or a shift in how the restaurants are shown. McDonald’s is letting you decide and it feels really good.
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