Sunday, 22 November 2009

Seductive sponsorships

My indisputable hypothesis is that the bigger a sponsorship opportunity is, the harder it is to control it for the benefit of your brand. So i wonder why more brands don't sponsor lots of smaller events or the less well known sports. Understandably you are unlikely to hear 'lets own fell running, curling and netball' from a board table thumping CEO but there again smaller events tend to be more grateful and consequently do more to make sure the sponsorship works, they package it and activate if for you. Of course you don't get the reach but you do find consumers keener to repay the commitment. Estate agents and solicitors often find sponsorship of the local sports club pays back in revenues, social bonds being more powerful than financial ones. (see Predictably Irrational, Nursery school experience)

So when i am head of marketing for Bernard Matthews, Krispy Kreme or ACME I'll try to remember.

1) When i am offered a big sponsorship opportunity, look for a series of smaller simpler events that could potentially achieve the same results.
2) Look for opportunities before i am asked
3) Make sure it fits the business (before someone says anything obvious)
4) Think of sponsorship as earned rather than paid media i..e the cheque is only the beginning of a great relationship

Unless of course my new boss likes football and wants tickets to the world cup final. In which case i will pretend my 6 year old wrote this.

Wednesday, 18 November 2009

Second order decision making

Second order decisions are the rules we make up in our lives either to avoid making complex trade offs or remove the need to continuously reassess everyday choices.

So for example ...

* Sticking to one commute route regardless of traffic and weather conditions
* Putting your credit card in the freezer to avoid over usage.
* Deciding to buy - before entering the shop - what ever shower gel is on offer.
* Selecting an IFA you like rather than researching the product itself.
* Repeating your grocery order on line.

Identifying which decisions (and when) are second order and which are primary is a really good way to think about both categories and consumer decision making. If your market displays a high degree of second order decision making then the chances are the persuasion model of marketing may be less effective, your job is to break the habit get consumers to do something different.

About Me

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United Kingdom
Just curious about marketing, psychology, economics, business, irrational behaviour, people, models, communications, advertising, market imperfections, b2b marketing. I work in the marketing communications industry for OgilvyOne.