I need a new client-agency translation machine, my one is broken. I keep saying earned media to a client but all they hear is free media. Sure it malfunctions the other way as well.
a blog about marketing, social media, bits and pieces on psychology and behavioural economics
Showing posts with label earned media. Show all posts
Showing posts with label earned media. Show all posts
Monday, 8 November 2010
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.
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.
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About Me
- thinking marketing
- 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.