Posts Tagged ‘golf’

One Billion Dollars

Friday, October 2nd, 2009

Forbes Magazine, today announced Tiger Woods as the first sportsman to break through the billion-dollar earnings barrier.

This is a staggering achievement but it’s not really surprising. If you look at my “10 Things That Make An Athlete Marketable” you’ll notice Woods covers every base and then some.

The average punter will look at the 1$ billion and shake their heads at the craziness of it. But let’s break it down. Think about the money Woods has brought into the USPGA, its sponsors and golf in general. Event sponsor rights go up, broadcast rights go up, TV advertising goes up, ticket sales go up, memorabilia sales goes up, golf equipment sales go up, membership for local golf clubs increases and we haven’t even discussed Woods’ personal sponsors yet.

Not since Michael Jordan have we seen an athlete transcend a sport and influence the market quite like Woods has. On that point, Nike must be congratulated for their ability to secure another ‘once in a generation athlete’.

Sports is big business because it attracts big business. And the big athletes get the biggest slice of the pie. And they don’t come any bigger than Tiger Woods.

Woods deserves every cent of that $1 billion.

GLF-MASTERS-WOODS JUBO 2

10 Things That Make an Australian Athlete Marketable?

Wednesday, May 6th, 2009

1. Sport – a national sport with free to air coverage and a global presence (eg. tennis, golf, cricket, football, swimming). Rugby League players for example don’t command big sponsorships because they appeal primarily to Sydney and Brisbane audiences only. That doesn’t mean they can’t earn good money but they’ll never be Australia’s most marketable athlete. Think Ricky Ponting

2. Winner – Australians love a winner. And the more fierce the competition (underdog status) the better. An athlete can have every quality in the book but if they aren’t winning then forget it. How you win is also an important factor. Is the athlete sinking 20ft putts like Tiger Woods to win, taking 5 wickets on the last day of Test Match like Shane Warne or breaking world records? Think Ian Thorpe

3. Good Looks – This is not an absolute must but don’t underestimate the power of good looks. This attribute appeals strongly to fans not to mention brands looking to invest in athletes. Why do you think movies use good looking actors and actresses? Sometimes an athlete can build a career on good looks alone but this will be short lived if you aren’t doing the point above. Think Stephanie Rice.

4. Media Skills – does the athlete present well in front of the camera? How do they stand, do they make strong eye contact, do they project their voice with clarity? Do they understand and respect the media’s role in their sport? And do they do it all with a warm personality and a smile on their face? Think Lucas Neill.

5. Clean Image – are they someone you could take home to meet the parents? Do they demonstrate strong values? Avoiding drinking, swearing or smoking is a winning combination here. Think Adam Gilchrist.

6. Gracious – everyone likes a winner but Australians don’t react well to arrogance or big headiness. You only have to look at the recent criticism of the Australian Cricket team. Personally I like the way they play but it seems the masses don’t so if you want to avoid tall poppy syndrome, be super humble. Think Pat Rafter.

7. Great with Fans – fans pay the athletes wages. So it makes sense the public respond well to athletes who really appreciate their fans. The most marketable athletes don’t avoid their fans, they embrace them and do their best to connect with them on different levels. It’s all about giving back to the people who support them. Think Brett Lee.

8. Integrity – athletes who stand up for what they believe in and who are consistent with their image gain respect from the public. A good example is an athlete who chooses only to endorse brands and products they really believe in. Think Cadel Evans.

9. Charitable – if you’re an athlete earning big money doing something you love then the public expect you to give back to the community. It can’t be all sponsor appearances and paid gigs, people love when an athlete uses their celebrity and wealth to benefit a greater cause. Think Glen McGrath.

10. The X-Factor – or originality / uniqueness. This can make or break some athletes. It’s easy to be a clone but being unique makes you stand out. Having a distinctive presence, charm or edge to your personality is incredibly powerful. Think Greg Norman.