ADVERTISING IN SPORTS
The main purpose of advertising is to sell a product or service to the consumer market. Advertising uses many different types of appeal and a number of media to achieve a variety of goals. Advertising is the most effective means to get the word out about products, services, events, charities, and just about anything else that one can think of. Where would sports be today without advertising? Advertising in sports has helped the sports world grow into one of the most profitable industries in the world.
A recent article in Readers Digest estimates that most Americans spend at least 13% of their income on sporting events and sport related products. Sports has entertained American people and drained money out
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There are many ways in which advertising is achieved in sports. Corporations advertise their products through sponsorships, merchandising, television, and printed materials.
Sponsorship corporations will sponsor individual players or even whole teams and hope that people will go out and buy the product being sponsored by their favorite player or team. A perfect example of sponsorship was stated in Sports Illustrated a couple of years ago. The New York Yankees signed a ten year 93 million dollar contract with Adidas. Adidas supplies the team with things like cleats and T-shirts, so not only do the Yankees make a lot of money, Adidas will too because people will see the Yankees players wearing Adidas and they will want to go out and buy their products. Individual players may also be sponsored, such as tennis star Pete Sampras. They are paid to wear a particular brand of clothing or shoes creating a demand for others interested in the sport to go out and buy these products.
Another way for corporations to advertise sports is through merchandising. Merchandise includes everything from clothing apparel and shoes, to book and video games, to watches and backpacks with distinctive sports logos and names of star athletes. Getting a branded shoe with one of the top basketball names in the world is the desire of many. Merchandising is profitable for both the company selling the goods and the team or player being marketed, because the team and player
Another objective of sports marketing is creating sales. “The modern sports marketer is charged with one simple responsibility: to increase the sources of revenue” (Westerbeek 6). This includes obtaining more sponsors
Baseball is considered to be America's favorite pastime and has become popular all over the world. This sport is watched by millions of people every time there is a game played. People will go to the stadiums to watch and a lot of fans will watch the game on television. Since there are so many people watching these games, advertising has become more and more apart of every baseball stadium due to the amount of exposure a company can receive by using the many types of ads found in a baseball stadium. The stadiums use billboards, fences, green screens, merchandise, airplanes, names of stadiums, and scoreboards as all different ways to advertise a company's product.
players images are used in all kinds of magazines, to show off their strengths and to put a image in your head of what you should look like. Like Baker Mayfield who is on sports illustrated. During NCAA games broadcasted on live T.V., millions of dollars are generated from ads and could be used to help pay athletes. On average the NCAA generates almost a billion dollars a year. Teams will give players scholarships to try to get them to go to school their, which allows them to get a good education for free. When very talented athletes join schools, the school gets a higher
Sponsorship is a cash in-kind fee paid to a property normally in sports, arts and entertainment in return for access to the commercial publicity associated with that product. For example a company may provide equipment for a famous athlete and ask in exchange for its logo to appear on its clothing and other assets in order for the company to receive brand recognition.
Advertising via commercials allows businesses to not only show consumers their product, but also tell them about it too. The way companies utilize
Here are many athletes that get sponsored by many brands like Nike,Under Armour, and Adidas. Those three brands are the main brands that sponsor athletes in sports. It is estimated that Nike makes 11 million dollars a year off of star athlete Lebron James. The brand Adidas offered basketball player James Harden 200 million dollars in an attempt to steal James from Nike. Adidas ended up adding James to their multi-billion dollar team. Every brand has a cover star. Some athletes are fortunate enough to have their own brand like the legend Michael Jordan. As you can see companies pay their athletes, but some companies sponsor sports
To this present day athletes are getting paid with the higher wages and as an athlete you get to enjoy what life really is. Most all-popular athletes make more than millions of dollars when people are working hard building houses and they don't get half of what they make in 3 years (Bhagat). However, these people had to build up steps to get where they are today. Nothing is free and in this world to succeed is to work. Also, athletes are bringing communities together, opening up jobs for people in need, and are world wide famous. Being worldwide famous is very important for dragging someone in for something. Making advertisements consisting of famous athletes will bring them more fame and attraction into it. It is very hard to build up to become one of the most famous players. They have to work hard by excising every day, staying in fit, and are always moving. This is why the amount of money
The use of specific athletes in marketing campaigns really began to show promise when athletes like Jordan began wearing their own brands of shoes. The idea to consumers or fans of the NBA that they could wear the same shoes as Michael Jordan, and somehow play like him was an easy sell by Nike. Today it is now common for marketable athletes in almost all sports to wear their own style of shoes, spikes, or skates. An interesting point to make is that through Nike Michael Jordan eventually launched his own clothing line called Jumpman23 that makes everything from socks and underwear to winter coats. Even though Jordan has been retired since 1999 the Jumpman23 company has continued to release a new shoe every single year that are simply called “Jordan 24”, an increasing corresponding number to the number of years the shoes have been produced. The new Jordan shoes still retails at over $150 a pair even though Mike hasn’t stepped on the court in 11 years! After retirement and becoming the CEO of the Jumpman brand Michael Jordan has been able to court other famous athletes from a variety of sports to wear his brand. A few examples of the athletes include Derek Jeter (baseball), Dwayne Wade (basketball), Jason Taylor (football), and April Holmes (track and field). The wide range of athletes in all different sports who now market a brand for arguably the greatest athlete of all time truly shows the money, power, and influence an athlete can experience
Companies all over the world are in bidding wars to get their name at the top. Whether it's on the hood of a car in a NASCAR race or on the jersey of a soccer team, these companies know the importance of sponsorship. Sponsors come from every corner of the business world and some even make it big if their sponsored athlete makes it big.
This article continues to explain that once a sports marketer creates a product and advertises it on a small scale, “Sports marketers get ahead by gradually representing bigger, more important and more prestigious sports teams, companies, associations, and athletes.” In other words, sports marketers need to have a plan of action to promote their product on a larger scale over time. Also, sports marketers spend much of their planning on the aspect of promotion. Mihai verifies that the category of promotion serves to prove that the product is desirable through advertising, sales, sponsorship and public relations. If a sports marketer follows these planning steps, his/her work will lead to a successful product with a large margin of profit.
Nike invested in their brand by getting sports heroes to advertise for their brand such as Michael Jordon, Tiger Woods and the Brazilian football team. This further fuel the products appeal towards the consumers.
These established big shoe firms like Nike, ADDIDAS sign up with international sports personalities and sponsor annual sports events like soccer world cup or cricket world cup. They also sign up the entire teams or clubs like NBA, NFL, and the Indian Cricket Team and then sponsor their clothing and accessories. This attracts a lot of youngsters to a particular brand.
Sports’ marketing is becoming more readily known as the vehicle that drives the sports business to success. It is “orientated toward consumers and about thinking, deciding and acting in terms of the final consumer. You have to know who your consumers are, what they want and need and use this effectively as a sports marketer orientating the drive more toward the market, not the product (Sports Marketing: The motor that drives the sports business
Sports' marketing is a comparatively new field and dimension within the broad concept of marketing. It is continuously evolving and changing today as society combats the free market to decide the legal and ethical limitations of business today. It is significant to note that this discipline within marketing is not clearly defined. Sports today use corporate sponsorships and television money in order to contend and pay for top quality athletes. Those companies use teams, leagues, colleges, and individuals to make a distinction between their products in a very aggressive business environment. What makes up sports marketing to one person could be considered selling out to another. The business world keeps pushing to find a competitive advantage and the sports world has in general welcomed the money offered (Weikel, n.d.).
Pepsi usually use the sports to market its products. The marketing campaign for Pepsi mainly depends on the sports