Sponsoring Big Sporting Events Helps Brands Endear Themselves To Consumers5/09/2013 01:46:32 PM Eastern
For many sponsors, creating an emotional connection with a target audience via a shared passion is an ultimate win-win.
Whether it’s through sports, music, art, fashion or a cause, such shared interests are often an important part of consumers’ lives: something in which an individual invests time, money and emotional energy.
Brands that can contribute to the way people enjoy their passions are in a strong position to secure positive sentiment amongst consumers. Research shows that audiences will be more receptive to brand messages from, and more likely to think positively about, a brand åexperience.
Brands continue to seek this elusive magic point of engagement, given that an emotional connection is more likely to break through over more intrusive—or, conversely, passive—forms of advertising.
Sponsorship marketing is unique, because it can be targeted to a specific community and deliver flexible assets that allow brands to create a dialogue with that target audience. Implemented correctly, sponsorship can deliver a credible and authentic message across all of the channels in which a passionate consumer engages. Those that do it well can endear themselves emotionally to that audience.
Sponsorship assets can be used to deliver brand awareness through consumer-facing experiential events, product integration initiatives, point-of-sale promotions, hospitality experiences, CSR initiatives and digital content platforms.
All these assets allow brands to deliver enhanced experiences and tangible value or benefits to the fan.
But successful sponsorship requires sound business planning and clear objectives. A clear vision, thoughtful creative execution and consistent brand values will help create the desired connection with consumers.
By sponsoring teams or events, a brand can tap into the passion felt by their fans and, in turn, create passion for its own brand. As a fan’s relationship with a sports team develops and deepens, so will their feelings toward those companies associated with the team over the long term.
Sponsorship hasn’t always been given the credit it deserves, but its power is now clearly recognized.
One of those who changed his point of view is David Wheldon, now Global Director of Brand at Vodafone Group.
“I certainly spent the 1980s thinking sponsorship was a waste of money—a chairman’s indulgence incapable of driving brand engagement, brand equity or any of the other advantages I now know sponsorship can deliver. I’m a total convert to sponsorship as a marketing platform,” says Wheldon.
Red Bull is among the brands that have long known about the power of sponsorship. The company strategy has been to support and create extreme sports and lifestyle activities that connect with its brand values of revitalizing body and mind and increasing performance, concentration and energy levels. The brand has created an avid fan community around this lifestyle by sharing unique content with a huge, passionate audience.
In much the same way, Coca-Cola’s World Cup sponsorship pointedly focused on soccer’s moment of greatest emotion: the goal. Whether reminiscing about the greatest celebrations in World Cup history, recording a World Cup celebration song or touring the FIFA World Cup around the globe, the company has fueled fan emotion.
It’s easy to argue that Red Bull and Coke are sexy brands, but the power of sponsorship is also used by numerous brands in lower-interest consumer categories.
Take npower’s sponsorship of the English Football League and E.ON’s role as a former sponsor of the FA Cup. Both energy companies are not only using sponsorship to establish brand visibility, but also to drive a greater emotional relationship by bringing the fans closer to the competitions that matter to them.
The insurance sector has also been a strong player in the sponsorship industry for the same reason: to drive more brand loyalty and advocacy amongst customers by communicating with them via the emotive environment of sport.
On an even more high-profile level, P&G’s global Olympics sponsorship as an IOC partner, which commenced with the 2012 London Games, illustrates the power that the company feels a movement like the Olympics can bring to its brands, many of which could be classified as low-interest, fast-moving consumer goods products.
In particular, P&G used the Olympic spirit to tell a moving story aimed at engaging a powerful audience: mothers of Olympic athletes.
Perhaps the case for sponsorship is best made by those who seek to undermine it. Many brands try to ride on the coattails of official sponsors with ambush techniques. But if sponsorship was ineffective, would these brands work so hard to replicate the sponsorship’s effects?
In 2011, Maxwell cofounded MediaCom Sport, which specializes in strategic implementation of sports sponsorships for MediaCom clients. Prior to that, he spent five years at IMG working on media rights sales and before that worked at Parallel Media Group, where he managed sponsorship activation programs for clients such as Pernod Ricard, UBS, Omega and Daishin Securities.