* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download 1.07
Food marketing wikipedia , lookup
Market analysis wikipedia , lookup
Brand ambassador wikipedia , lookup
Multi-level marketing wikipedia , lookup
Market segmentation wikipedia , lookup
Brand equity wikipedia , lookup
Darknet market wikipedia , lookup
Digital marketing wikipedia , lookup
Viral marketing wikipedia , lookup
Guerrilla marketing wikipedia , lookup
Marketing plan wikipedia , lookup
Marketing communications wikipedia , lookup
Direct marketing wikipedia , lookup
Market penetration wikipedia , lookup
Marketing mix modeling wikipedia , lookup
Personal branding wikipedia , lookup
Integrated marketing communications wikipedia , lookup
Product planning wikipedia , lookup
Youth marketing wikipedia , lookup
Multicultural marketing wikipedia , lookup
Street marketing wikipedia , lookup
Target audience wikipedia , lookup
Marketing channel wikipedia , lookup
Segmenting-targeting-positioning wikipedia , lookup
Neuromarketing wikipedia , lookup
Green marketing wikipedia , lookup
Target market wikipedia , lookup
Marketing strategy wikipedia , lookup
Advertising campaign wikipedia , lookup
Global marketing wikipedia , lookup
Sensory branding wikipedia , lookup
1.07 Employ sales-promotion activities to inform or remind customers of business/product Explain the nature of SPONSORSHIP in SEM industries What is Sponsorship? • Sponsorship: – Providing financial or other support to a sport/event in exchange for recognition – Two or more parties benefit from the arrangement in the form of a partnership – Sponsors want recognition & affiliation Successful Sponsorships The key to building successful sponsorship programs is to match the correct products or services with the people who want to purchase them = their target market BENEFITS of Sponsorships • Public and Community relations = Increase of Brand Image • Brand recognition directly with your Target Market • Sales and profits through affiliation & brand awareness • Market Share and/or introduce new products – Enter new markets RISKS of Sponsorships • Loosing Streak • Too many sponsors at one event • Could create a bad image and your associated with it – Example: Super Bowl wardrobe malfunction in 2003 • Could encounter Ambush Marketing – Ambush marketing is when a company will expose their products/logo at an event without authorization or payment LEGALLY – Goal of ambush marketers is to encourage fans to view it as a sponsor – Example: Coke is a sponsor but Pepsi is outside the event handing out free Pepsi tees or coolies EXCLUSIVITY in Sponsorships • When a business purchases the rights to be the only one of its kind to sponsor a sport entity – Example: You will not find Coca-Cola and Pepsi sponsoring the same event PARTNERSHIPS • Relationship between sponsor and sponsee – Communication and develop partnership – Ongoing dialogue to expand relationship • Both parties benefit Sponsorship Contracts SPONSORSHIP PROPOSAL: includes information about cost, marketing opportunities, audience demographics, conflicts and time parameters Formal contract: spells out exactly what each party will do (Avoid legal conflict) Why Should EXPLOIT your Sponsorship EXPLOITING THE SPONSORSHIP = ADVERTISING YOUR SPONSORSHIP – If a business spends all of their marketing budget on sponsorship fees = No money left over to advertise the sponsorship – If target market is not aware of sponsorship, then sponsorship is wasted money! http://www.youtube.com/watch?v=Auqp28Bk4RI Conduct an Internet scavenger hunt to find three current news articles about sport/event sponsorships. Print the articles, and write a synopsis of each.