How does Nike Market Air Jordans to build HYPE?

You are currently viewing How does Nike Market Air Jordans to build HYPE?
  • Post published:June 26, 2022
  • Post category:Marketing

In Feb 2022, Nike’s game-worn Air Jordan 1s sold for more than $1 Million Dollars. To be specific, that’s ONE shoe sold for $1,012,500.

How did Nike & Jordan build this brand on HYPE?

This is a lesson in Marketing & Psychology you can’t miss. πŸ§ πŸ“š

Here are 5 ways in which Nike & Jordan knocked it out of the court:

 

1. Negative Publicity

 

jordans-banned
Source: Google

 

The first Air Jordans were banned by the NBA. The color of the shoe did not match the jersey.

In fact, Nike was fined $5000 per game.

But…

They marketed the shoe as BANNED Air Jordan 1s.

What happened next?

BOOM! It made $100 Million in revenue.

 

2. Limited Release

 

jordan-auction
Source: Google

 

Air Jordans are not released in unregulated quantities.

They are made to be released in limited numbers.

-To build HYPE.

-To keep people coming back for more…

-To build the feeling of owning something “exclusive.”

 

3. Nostalgia

 

jordan-sneakers-nostalgia
Source: Google

 

Now, this may not seem like a psychological trick but it is.

The trick is reliability.

Old school, childhood memories.

Modern-day Jordans are styled in a design called “Retro.”

Means a re-release of a pair that Michael Jordan originally wore in the game.

 

4. Collaborations

 

jordan-collabs
Source: Google

 

Jordans aren’t sports shoes anymore.

They are luxury sneakers built on sports & pop culture.

Jordan’s modern-day collaborations like:

-Travis Scott Jordans

-Dior Jordans

-Supreme Jordans

Have been selling at price premiums upwards of 300-400%

 

5. Resale Market

 

jordans-resale-market
Source: Google

 

Resellers set up systems to get the shoes at retail prices.

As a result, these sneakers are then sold via reselling platforms for a premium.

Nike keeps a close eye and jacks up retail prices for forthcoming sneakers based on what sold well in resale.

The burning question is…

Can anybody use these tricks to build HYPE, jack up prices or sell more?

Probably not.

Nike & Jordans were aided by:

-Michael Jordan’s stellar performance season after season

-Exceptional design, premium materials, and heavy-duty marketing

-Actually listening to customers

Greatness is hard to replicate.

Do you like Air Jordans or sneakers in general?

Let me know in the comments!πŸ‘‡πŸ»

Leave a Reply