Using Sports to Market Products
Audience Typical Young market-X Games Baby Boomers-personal fitness
Stats Golfers million million Sports Programming hours ,800 hours Before cable expansion
Why are sports so powerful? More money is spent on sports than any other recreational pursuit Mental energy Emotional ties Green Bay Packers vs. Bears Cleveland Browns-hate mail and bomb threats New Markets-Women Sports Women make 80% of all buying decisions Spend $5 billion/year on sports wear in 29 vs in 3
How Companies Decide Hire outside firms Some have own sports marketing group ESPN Chilton Sports Poll Largest firm Demographic data Advice on how to attract a market
What is a sponsor? A person, organization, or business that gives money or donates products and services to another person, organization, or event in exchange for public recognition USA GymnasticsPGA Olympic Total Partners
The X Games Who were the sponsors? Why?
Nokia Sugar Bowl Who are the sponsors? Why
Why Sponsor? Increase sales Introduce new product Compete for many customers in one place Identify with target market Earn goodwill Commitment to community Enter new markets Entertain clients or customers Enhance companies image
What do sponsors need? A return-a profit ($) from the sponsorship