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Digital Goody Bags – Fad or Future? Wasatch Race Directors Conference 2014.

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Presentation on theme: "Digital Goody Bags – Fad or Future? Wasatch Race Directors Conference 2014."— Presentation transcript:

1 Digital Goody Bags – Fad or Future? Wasatch Race Directors Conference 2014

2  Started in 2010  Background in branding, digital media, event management and sponsorship; Athletes  Traditional means of connecting Sponsors to Participants was fundamentally broken.  1,000+ Events and 3.5MM participants About Virtual Race Bags Wasatch Race Directors Conference 2014

3  Explosion in the size of events  Rapid increase in the number of events  Sponsors require more transparency on ROI  Internet changes the brand-consumer relationship What happened to the goody bag? Wasatch Race Directors Conference 2014

4 What Participants want inside their goody bags $47,000 goody bag for the Oscars What Participants actually receive A pile of paper Participant Expectations Wasatch Race Directors Conference 2014

5 Participants  Little-to-no value  Wrong time, wrong place  Inconvenient to keep for future use Sponsors  Expensive – cost to Sponsor (design, print, etc.)  Difficult to track  Poor brand experience Why is the goody bag broken? Wasatch Race Directors Conference 2014

6 Are goody bags really free for Events? NO! Events are simply pushing the cost to Sponsors Example: Event with 1,000 participants and 8 Sponsors  Design: Graphic designer, 1 hour at $75/hour  Printing: 1,000 cards 6x9, 2-sided, $0.20 per card  Shipping: $15 for UPS / FedEx Total Cost = $1,795 Wasatch Race Directors Conference 2014

7 Participants  Get access before and after event  Access via multiple devices; mobile, tablet, pc  Instant access to offers; online, mobile, etc. Sponsors  Flexible  Integrate with existing digital marketing  Ability to monitor performance WASTE! The advantage of digital Wasatch Race Directors Conference 2014

8 Going Digital – the options emailwebsitesoftware  Uses existing tools  Inexpensive  Easy to distribute  Basic reporting Advantages  Design required  Low “visit” rates  Low repeat visits Issues  Flexible  More traffic  Easy to distribute  Basic reporting Advantages  Web expertise  Managing content  Reporting complex Issues  Content management  Simplify reporting  Easy to distribute  Best performance Advantages  Costs (varies)  Uses templates  Education Issues Wasatch Race Directors Conference 2014

9 Managing digital content The devil lies within What You Request Image Text Link What You Receive And always at the 11 th hour Wasatch Race Directors Conference 2014

10  Physical bags for samples  Gear check bags  Expos What About the Stuff? Wasatch Race Directors Conference 2014

11 The value of a software platform createinvitereport Tools that make it look easy Turn-Key Platform Helps Manage Entire Process  Invite sponsors  Build offers  Manage content  Invite participants  Schedule and go  Simplify event week  Track performance  Create reports  Deliver results Wasatch Race Directors Conference 2014

12 Learn More www. VirtualRaceBags. com Affordable Flat-fee pricing that starts at only $150 / event Risk Free No payment due until 30 days prior to event Scalable Events of all sizes - from 60 to 60,000


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