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SponsorPitch News
- JPMorgan Chase’s $300M MSG blockbusterJPMorgan Chase has agreed to a massive sponsorship deal with Madison Square Garden worth at least $30 million a year, which stands as the most lucrative annual building/team sponsorship agreement to date. Multiple sources confirmed the top-level deal valued at $300 million over 10 years or more in securing rights to almost every asset in the Garden, which is […]
Sports Business Daily News
- Michigan Set To Debut Stadium RenovationsThe $226M Renovation Took Three Years To Complete, Ups Big House Capacity To 109,901 A "new-and-improved Michigan Stadium will be unveiled" during Saturday's Connecticut-Michigan game, according to Rod Beard of the DETROIT NEWS. The $226M renovation… […]
Power Sponsorship Blog
- Sponsorship Lie #212: “There’s Still Time!”One of the first things I do every day is check out what’s happening on LinkedIn. It’s such a great resource for advice and networking in our industry. One of the things I found this morning, however, was just a big fat lie. “There is still time to sponsor our unique event!” Okay, so it’s not an […]
Sponsorpark Blog
- What Are You Inciting in Your Audience?Have you ever read 15 pages of a book and then suddenly stopped and realized you don’t remember a thing you read because your brain was spinning on another topic? Or have you listened to a speaker, (maybe right after lunch) who rambled on and on who inspired nothing but a sudden desire to grab a pillow? Have you ever been to a concert where you weren’t allo […]
Seth’s Blog
- If you want to learn to do marketing...then do marketing. You can learn finance and accounting and media buying from a book. But the best way to truly learn how to do marketing is to market. You don't have to quit your job and you don't need... […]
Jason Peck’s Blog
- Sports and Social Media – Why Should Sponsors Care?Today is the last post in a series with thoughts from some pretty smart folks to try to answer the question of why people should care about the intersection of sports and social media. You can see […]
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Archive for July, 2008
Over the past few years traditional media effectiveness has diminished while price has increased.
Traditional Media is less effective and efficient due to:
- Audience Fragmentation – there are many more channels to reach consumers as content becomes much more targeted for specific demographic niches
- Costs – ratings and readership has declined while cost per viewer and reader for advertising has increased
- Attention loss – consumers are tuning out, zoning out or become more savvy about where the attention goes
- Sponsorship is: Interactive – while advertising is a monologue, sponsorship is dialogue
- Emotional – it taps into events, places and causes that consumers are passionate about
- Relevant – it reaches consumers in places they choose to be in
- Immersive – through multiple touch points and components
- Efficient – cost per impression are lower, and cost per interaction is more valuable
Sponsorship benefits can include:
- Lead generation – gain qualified leads to the targeted audience at property through incentive programs
- New business development – onsite conversion through hospitality, consumer audience, other rights-holders or property itself
- Increase customer/brand loyalty – increased equity via association with high prestige property
- Create awareness & visibility – using a multiplier through media coverage of event/property
- Change/reinforce image – through alignment with like-minded property
- Drive retail traffic and showcase brand attributes – through sampling and couponing
- Showcase community responsibility – through sponsorship of local events/causes with particular meaning to the community
- Hospitality and Entertainment – use tickets and hospitality at and for sponsored properties to foster deeper relationships, reward customers and recruit and retain employees
- Sub-segment targeted demographics – through particular locations for consumer intercept, types of offers and communications
- Differentiate from competitors – by locking them out of the sponsorship through negotiated exclusivity
- Achievement of multiple objectives – you can all of the above plus media, through sponsorship
Sponsorship Insights Blog
Friday, 30 May 2008
Here I will be blogging on sponsorship at a minimum of once per week. I will post ideas, best practices, case studies and white papers on every aspect of sponsorship. I encourage feedback and dynamic dialogue for participants.
Recently, we formed a networking group for buyers and sellers of sponsorship on LinkedIn. You can get more information and join by clicking on the following link:
