4 Sponsorship Trends to Never Forget

“The only thing that is constant is change.” A phrase published by Heraclitus, a Greek philosopher, in 500 B.C. still holds true in 2015. Perhaps, no one understands that belief more than someone trying to sell a sport sponsorship in an increasingly competitive market.

Everyday is a new day, a fresh start. The people responsible for designing and activating sponsorships have to be at the top of their game. IEG, a leading organization in sponsorship analysis, insight, valuation, and measurement, proposes four trends to know and follow in hopes of leading a successful campaign.

Start by telling a story to the target audience, but don’t necessarily make it about your company. Take note of country singer Toby Keith’s song “I Wanna Talk About Me.” Potential buyers like talking about a brand, but what they really want is to talk about themselves: what they think, like, know, want, and see. A brand can nurture stories by asking people to participate and become advocates. Consider PepsiCo’s “Are You Fan Enough?” campaign with the National Football League in 2013.

The advertising creative captures the excitement of experiencing and connecting to the game by showcasing various fans, teams, players and coaches getting ready for kickoff.”

 

In an attempt to create the ultimate fan experience, the campaign used engagement. It’s crucial to make potential buyers feel like they belong, part of the community.

According to the official news release, a ten-city bus tour tailgate party that allowed fans to deliver a personal message to their favorite team in hopes of making it to the jumbo-tron. NFL rookies asked fans to show they are “fan enough” by voting online for Rookie of the Week. Fans also got a chance to win tickets, team merchandise, and participate in special moments by using #FanEnough.

A sponsorship is no longer just about the value for the company. Serving and value for the consumer should be a primary focus. This campaign wanted fans to express their passion, build morale, and stick together until the end. If a team makes it to the Super Bowl, fans will have bragging rights, the chance to see the game, and it can put their team/hometown in the national spotlight.

The “Are You Fan Enough?” campaign was the first to be activated across all of PepsiCo’s brands. For example, Diet Pepsi is targeted toward women. The company used that brand to communicate with women that they could share their fandom, like team-inspirted manicures, to win prizes. The campaign was also innovative with its different techniques and messages with fans to “bring them closer to the teams, players and ultimately the game they love.”

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8 Ideas for Winning with Sports

Attention. Select. Recall. Reoccur. Not every sponsorship is a home run or touchdown. It takes an incredible amount of brainstorming, crafting, and evaluating to walk away with a win.

What is the key to success? IEG, a leading organization in sponsorship analysis, insight, valuation, and measurement, says it’s pairing innovation and sport.

Sport offers a substantial and sustainable opportunity to out- innovate competitors by connecting audiences to the things they love on an immeasurable scale. And in ways they never knew were possible.”

mml-logo-flatIEG has developed eight ways to successfully turn sports assets into value-enhancing, consumer- focused ideas. It starts with finding emotion by viewing audiences as people, not demographics, and developing a relationship. NCAA realizes even die-hard basketball fans cannot sit around for two weeks watching continuous March Madness coverage. But they can watch almost every game through the March Madness Live streaming service or apps for iOS, Android, Kindle, and Windows devices. The accessibility allows fans to carry on with their lives, like going to the mall with family, without missing a play.

Values now count as much as value, according to IEG. Purpose is one of the new 4Ps of marketing; build race+against+cancer+web+logoservice into every sponsorship. Subway has signed on as the new title sponsor of Covenant Health’s “Race Against Cancer” in Knoxville. John Dell, a local franchise owner and development agent for East Tennessee explains:

All Subway restaurants are locally owned and operated, so it’s important to us to support organizations that are working to improve the quality of life for members of our community.”

Create great content; bring something new and better to the fan experience. More than 80 teams are engaging fans with in-stadium interactive displays. The feature allows them to use their phone to “have a deeper conversation with their favorite teams, athletes, sponsors, and fellow fans” with “access to exclusive content, promotions, and giveaways,” according to Chantal Tode with Mobile Marketer.


Participation in a sponsorship can promote brands and magnify the marketing value. Southwest Airlines used a Doritos commercial that aired during the Super Bowl to its advantage with this tweet:

Consumers are human. Great stories draw them in and keep their attention. As IEG says, “Every touch point is an opportunity to prove who you are.” Consider the Budweiser commercials that air each year during the Super Bowl featuring the clydesdales and Golden Retriever. The storyline is relatable and emotional, which captivates millions of viewers. This year’s theme was titled “Lost Dog” with an emphasis on #BestBuds.

 

Companies must stay one step ahead: be relevant, be agile, be fast. Launch small ideas and quickly move on. It’s easy to be pushed out of mind, so create memorable moments that give the world something they can’t stop talking about. Remember the ALS Ice Bucket Challenge? Nike tweeted a staged photo of a coin toss that that went viral during the CFP National Championship in January.

Measure what matters, not what’s easy to count. According to IEG, reach and media equivalencies “fail to reveal whether or not a partnership is building market share, brand value, or shareholder value.” Remember to concentrate on outcomes over outputs.

Balance the portfolio to “reveal both conflicting images that dilute brand impact, as well as overlapping strengths and weaknesses.” Visa uses its sponsorships to communicate its credit/debit card payment service is “everywhere you want to be.” From the FIFA World Cup to the Olympics Games, each event plays a different role in the pursuit of fulfilling objectives.