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Chapter 9 Sponsorship, Corporate
Sponsorship, Corporate Partnerships, and the Role of Activation Chapter 9 Sponsorship, Corporate
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Sponsorship Entitlement Hospitality Positioning Activation terms
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Sponsorship Defined: The acquisition of rights to affiliate or directly associate with a product or event for the purpose of deriving benefits related to that affiliation or association. Sponsors use their relationship to achieve promotional objectives or to facilitate and support their broader marketing objectives.
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Sprite/ NBA All-Star balloting Orlando Magic’s Amway Arena
EXAMPLES: Capital One Bowl Sprite/ NBA All-Star balloting Orlando Magic’s Amway Arena Mattel’s Barbie dolls cheerleading apparel of Oklahoma State University FedEx Cup Staples Center Tostitos Fiesta Bowl
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Retail Opportunities: are potential profits aligned with being in a business relationship with an entity. Purchase of Media Time: An opportunities to highlight, introduce, promote, advertise, show your product/services. Entitlement: a situation in which you have the right to do or have something. Endorsements: an act of giving one's public approval or support to someone or something. Logo placement on apparel Hospitality: is a sponsorship asset or benefit commonly associated with premier events (Olympics, World Cup, Super Bowl, NBA All-Star WEEKEND & MLB ALL-STAR WEEKEND. Major League Baseball 1993 All-Star Game in Camden Yard in Baltimore, Md. MLB Tribute Luncheon to former Negro League Baseball Players in Camden Yards ( me, my dad, and my mom). Sponsored by the Baltimore Orioles. BUSINESS DEFINITIONS
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Sponsorship The rights derived from the sponsor relationship may include the following: Retail opportunities Purchase of media time Entitlement Contests or sweepstakes Endorsements Logo placement on uniforms or apparel Hospitality Website access
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Sponsorship’s Place Within the Marketing Mix
Elements of promotion and communication mix: Advertising Personal selling Publicity Positioning Sales promotion Sponsorship’s Place Within the Marketing Mix
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PROMOTIONAL/COMMUNICATIONS MIX
EXAMPLES: Quaker State Motor Oil Promotions with NASCAR: Sweepstakes—all expense paid trip to Daytona 500 Hospitality chance to meet Richard Petty On-track advertising Television advertising Assignment: Use of the Promotional/Communication Mix (Students are to read article on page 234 and submit a one page summary of A. your point of interest B. a synopsis of the business advantage. PROMOTIONAL/COMMUNICATIONS MIX
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Activation Defined: The marketing activities that a company conducts to promote its sponsorship. Activation is commonly referred to as leveraging or bringing a brand to life by creating a variety of means to interact with a target market. Money spent on activation is over and above the rights fees paid to the sponsored property. Example: Michael Jordan & Nike
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Reasons for Growth in Sport Partnership
1. Decreased effectiveness of advertising in print and television 2. Commercial success of 1984 Los Angeles Olympic Games 3. Increasing number of television channels devoted to sport programming 4. Technological developments leading to the portability of sport through mobile devices 5. Increasing number of television channels devoted to sport programming 6. Technological developments leading to the portability of sport through mobile devices
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Contributions of the 1984 Olympics in Los Angeles
The 1984 Olympic Games in Los Angeles was the first privately organized Olympics in history and a landmark in the evolution of corporate sponsorship and promotional licensing though sport. I generated a profit for LAOOC, Peter Ueberroth-President of LAOOC: Limit sponsors to 30 Started term corporate partners Created tremendous global exposure and national exposure. The games were very very profitable Contributions of the 1984 Olympics in Los Angeles
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Common Sponsor Objectives
Increase public awareness of the company, the product, or both Alter or reinforce public perception of the company Identify the company with particular market segments Involve the company in the community Build goodwill among decision makers Generate media benefits Achieve sales objectives Showcase unique product features, technologies, or advantages Create an advantage over competitors through association or exclusivity Gain unique opportunities in terms of hospitality and entertainment Secure entitlement or naming rights
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Sponsor Activation: Creating Interactive Marketing Platforms
Sponsors develop better activation strategies to help consumers build the link between the property and the sponsor. Social media is quickly becoming a top activation outlet for sponsors: (continued)
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Figure 9.7 Interactive Marketing Platforms
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Eight-Step Process of Sponsorship Sales
1. Research category and prospect within that category. 2. Schedule meeting with sponsorship decision maker. 3. Hold preliminary meeting; listen more than talk. Arrange follow-up meeting. 4. Create a marketing partnership proposal. 5. Present proposal in draft form to allow negotiation. 6. Negotiate final deal. 7. Introduce client to activation team.
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Why do we need to tell a story?
Why are they effectives? Stories do the following: Entertain us Inspire us Inform us Persuade us Motivate us Engage us Example: In the 2011 NBA All-Star Game, Blake Griffin jumped over Kia car (Optima) in the Slam Dunk Contest. Griffin won the contest and Kia got millions of new views. It was a great product placement. Creating a Story, Why?
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ASSIGNMENTS: TERMS CREATE A STORY THAT CAN BE USED IN A COMMERCIAL.
(you will be in a group to record the story and/or present the story) Due next class.
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1. Create the idea. 2. Give it your voice. 3. Use an already done but with your spin. 4. Keep it simple stupid. 5. Keep it under a minute.
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EXAMPLE:
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