Archive for the ‘Olympics’ Category

One Golden Rule of Publicity

Thursday, October 29th, 2009

When you’re hot – STRIKE.

Athletes and celebrities have a very short time span in the scheme of things to maximise their earning potential.

In a world that moves at a staggering pace, keeping up with sport, music, fashion and entertainment news and trends becomes a game of move on or get left behind.

Consumers are very quick to latch onto something and they’ll doit with tremendous vigor (think Harry Potter and Twilight or any big sports star).

But just as consumers are quick to latch on, they’ll move on. This means when you’re in the spotlight, work it, work it, work it!!!

You would be surprised that some talent don’t get this concept. I’ve had athletes compete at Olympics and Commonwealth Games overseas, their name and image strewn across every newspaper back here in Australia. At this point in time, the best thing they can do is get their butt on a plane and come home.

If they can do that, then I can leverage their name which is already in lights. TV, radio and print will line up for me.

However, what do most athletes do? They decide they deserve a break after years of training and book a holiday directly after their major competition. Bad idea. They just missed a golden opportunity.

I totally understand the need for a break and I’ve experienced first hand how draining major events are for athletes. After competing, they just want to let their hair down, do nothing and switch off. I get this.

But if you’re an athlete that is serious about promoting your brand to attract sponsors then you’ve got to maximise this valuable window of opportunity.

Compete at Olympics, fly home for a week of media, then go holiday. It’s that simple.

It’s no good coming home a month later when news are no longer interested and everyone else has moved on.

This applies to anyone who is experiencing a flush of publicity. Milk it. Be available. Work hard. You can always rest later when you’re not so hot.

Sponsoring a League/Event vs. an Individual

Wednesday, May 27th, 2009

Which is more effective? Sponsoring a league, club and/or event, or sponsoring an individual athlete?

It depends on who you talk to. Nike will tell you that individual sponsorship has built their brand. Meanwhile, Harvery Norman would argue they have benefited enormously from their sponsorship of Rugby League’s State of Origin series, with a spike in sales to prove it.

What is good for one sponsor isn’t always best for another sponsor. There are a million things to consider.

Both strategies have their own pros and cons. Sponsoring a league or event offers guaranteed and consistent coverage, more marketing and advertising resources, and some protection from competing brands. Meanwhile, individual sponsors are more at risk from red tape, inconsistent exposure, injury or bad behaviour.

However, don’t underestimate the power of individual sponsorship. When you think Shane Warne, you immediately think of Nike or even Advanced Hair. But can you name the Australian Cricket team’s sponsors during Warne’s playing days? Probably not.

On the flip side, Toyota has a great recall for it’s sponsorship of the AFL.

Of course, you can always do both. In fact, most players’ associations push for this strategy. When a sponsor signs with a league or event, they are often forced to spread the budget to include 2-3 ambassadors within that team or sport.

This negates the risk of being trumped by one athlete. A good example is adidas. They were an official worldwide partner of the 2008 Beijing Olympic Games. But they were blown away in the pool by Speedo sponsored Michael Phelps.

If you’re thinking about a league or event sponsorship, identify the standout athletes within that league or event. And ask yourself, do they have the star potential to overshadow your brand with their own endorsements? If so, you may want to re-think your strategy.