Mixy230 Posted February 1, 2013 Report Share Posted February 1, 2013 (edited) Storm, I dont think its a bad question/topic. Should it be called Sponsorship? or Called Advertising? I think in this day and age of people with a big ego, they will think its worth far more than it realy is! Who will gain any business/revenue/sales by sponsoring a League? Who gains anything from having there name on a football shirt at £xxxxxxxxxxx lots of money? Who gains from having a little sticker on an F1 car? Edited February 1, 2013 by Mixy230 Quote Link to comment Share on other sites More sharing options...
oldace Posted February 1, 2013 Report Share Posted February 1, 2013 This is a good question and in all things it is only worth what someone is willing to pay. Speedway as a marketing tool is very poor due to the nature of its followers. We have sponsored, many Elite clubs, World champions down to riders starting. We have sponsored the SGP, Grand prix and World cups.In general everything top to bottom. i would estimate our cost to be in the region of 1 million give or take. ( what do they say about a fool and there money LOL ) Our income from speedway in this time i would say is about 0, LOL. The thing is i have found most sponsors do it as they like speedway. Sponsors coming into the sport with the promise of how many people watch it and go and the work they will get are mis lead and dont hang around long. Go back 10 years and see how many are still here. No one who goes to speedway wants to by our products as they dont really need them. Maybe if the sponsor sold products the everyday person uses and can afford it would be differant. ( BIC razors or the like ) But you would never make a profit on speedway i dont believe. The people running speedway , sgp or domestic believe the product is worth far more than it is. I would say with falling crowds an no young people comeing and no tv the sport is worthless, even with tv it is worth very little. This is my opinion B4 everybody shoots me down as normal,dont get me wrong we have enjoyed our time doing it and would not change it but anyone coming into speedway sponsorship thinking they will make money are wrong. All of which is what we have been trying to tell this so called marketing expert for the last few days Quote Link to comment Share on other sites More sharing options...
StormMarketing Posted February 1, 2013 Author Report Share Posted February 1, 2013 Oldace I think you have missed the bus on this one.... how bloody simple is it opening a discussion asking how much you tink someone would pay.... The know is spot on, people will not make money sponsoring/advertising speedway unless its a product a high percentage of elderly men may use - but sponsorship/advertising to some companies is all about brand exposure, from many sponsorships/advertising around the globe, it doesnt always lead to direct sales but companies are involved because of X amount of people will see their name Fly Emirates for example, sponsor Arsenal shirts and stadium, I am a supporter, I have never used Fly Emirates, would only ever do so if i booked a package holiday and they were the airline, I use Easyjet and BA most of the time. Its the same with Monster energy who now sponsor Tech3 and Yamaha in MotoGP - will people who already like the "taste" of Relentless/Redbull change brand....probably not.... but the exposure MotoGP offers plus the popularity of Jorge Lorenzo and Valentino Rossi is huge and having your brand lining up alongside "Brands" Lorenzo/Rossi is worth the investment.... some fickle followers would change brand "if its good enough for valentino....." Oldace, you are very quick to judge and act as a forum police officer when you fail to grasp the initial question, maybe because its way over your head and you cant contribute. And to attack me and my "clients" on a forum... where I post personally not professionally - you're clutching at straws.... does oldace stand for old belle vue fan or are you an old racer with a chip on his shoulder? Quote Link to comment Share on other sites More sharing options...
oldace Posted February 1, 2013 Report Share Posted February 1, 2013 Oldace I think you have missed the bus on this one.... how bloody simple is it opening a discussion asking how much you tink someone would pay.... I would stop digging if I were you. It has been explained to you numerous times, a sponsorship isn't a commodity with an actual value. It's worth is in what an organisation can expect in return. What might be worth millions to one organisation will be worthless to another. You know this and yet you persist in asking silly questions in the name of so called discussion. We may as well have a discussion on how much we think a race point is worth!!!! Quote Link to comment Share on other sites More sharing options...
John Leslie Posted February 1, 2013 Report Share Posted February 1, 2013 sponsorship/advertising to some companies is all about brand exposure, from many sponsorships/advertising around the globe, it doesnt always lead to direct sales but companies are involved because of X amount of people will see their name You do realise that sentence makes absolutely no sense whatsoever. Why do you think they want their brand exposed to a large number of people if not to increase sales? Quote Link to comment Share on other sites More sharing options...
oldace Posted February 1, 2013 Report Share Posted February 1, 2013 You do realise that sentence makes absolutely no sense whatsoever. Why do you think they want their brand exposed to a large number of people if not to increase sales? Fits in nice with the rest of his ramblings then Quote Link to comment Share on other sites More sharing options...
StormMarketing Posted February 1, 2013 Author Report Share Posted February 1, 2013 John welcome and thank you for joining the oldace club. Shouldnt really have to explain that one... if every sponsor got direct sales out of sponsorship then every company in the country would be doing it and splashing millions, sponsorship is a risk for any company, they buy into the EXPOSURE the sponsorship generates, everyone who dips a toe into sponsorship know full well it does not guarantee a flurry of direct sales from it. Clearly this subject is lost on some people who cannot participate in this discussion so decide to jump on me lol I am not biting and getting into an argument with either of you because I am better than you both. Oldace you agreed with the knows post... who first reply was "its a good question" so what is it? a good question that you are unable to contribute to, or a poor question because you know all the answers in life? just curious Allow me to run off a quick example lol Wrigley Airwaves became title sponsor of GSE Racing in British Superbikes a few seasons ago... "Team Airwaves Ducati" etc. this was a "Sponsorship" were the total brand exposure was X amount of million via Eurosport/ITV X amount of press coverage X amount of spectator coverage.... this was the EXPOSURE generated from this sponsorship... "The Risk" What Airwaves did extremely well was by following this risk up with direct promotions/advertising which was more based on capturing the "EXPOSURE" and pushing forward a more direct message to get future sales i.e. not only did they sponsor the team, advertising in Bike-Related Magazines, Competitions, Promo Girls handing out FREE product at race meetings and so on.... Quote Link to comment Share on other sites More sharing options...
oldace Posted February 1, 2013 Report Share Posted February 1, 2013 John welcome and thank you for joining the oldace club. Shouldnt really have to explain that one... if every sponsor got direct sales out of sponsorship then every company in the country would be doing it and splashing millions, sponsorship is a risk for any company, they buy into the EXPOSURE the sponsorship generates, everyone who dips a toe into sponsorship know full well it does not guarantee a flurry of direct sales from it. Clearly this subject is lost on some people who cannot participate in this discussion so decide to jump on me lol I am not biting and getting into an argument with either of you because I am better than you both. Oldace you agreed with the knows post... who first reply was "its a good question" so what is it? a good question that you are unable to contribute to, or a poor question because you know all the answers in life? just curious You are a legend, is marketing some sort of school project your'e working on? 1 Quote Link to comment Share on other sites More sharing options...
John Leslie Posted February 1, 2013 Report Share Posted February 1, 2013 Shouldnt really have to explain that one... You should try explaining it to yourself. Or at least re-read my posting. Where did I say that every sponsorship was highly successful in increasing sales? No...I didn't. I pointed out that the aim of raising a brand's profile by way of sponsorship was to increase sales. This was in response to your previous comment claiming that sposorship wasn't aimed at increasing sales... which, as i pointed out, made no sense whatsoever. 1 Quote Link to comment Share on other sites More sharing options...
uk_martin Posted February 1, 2013 Report Share Posted February 1, 2013 I suppose that the amount that a sponsorship deal is worth will be a factor of the value that the sponsor gets out of their investment, and that is a factor of the size of the potential market that they are exposed to, and the likelyhood of a positive response from the market to the sponsor. A marketeer researchin into and engaging with "the market" is a very normal thing to do, to get a feel for "the market" that a potential sponsor will be exposed to. Sadly, judging by the responses above, doing this in a BSF forum does not seem the best place to get a good impression of the kind of people that a sponsor will be hoping to sell to as a result of their investment in the sport. You'd forgive a company for backing away from sponsoring British Speedway, not because of the way in which the sport is run, but because of the flavour of the people that follow it. I feel sorry for you, StormMarketing, you made a valient attempt at opening up a valid discussion, but I think you're asking the wrong people. 2 Quote Link to comment Share on other sites More sharing options...
Ray Stadia Posted February 1, 2013 Report Share Posted February 1, 2013 Reading the above comments, I would have thought that if speedway could be associated with a young vibrant brand, such as a mobile phone company or an alcopop company, whatever and the exposure was free to the company, but speedway became part of their normal advertising somehow, that would certainly be great for speedway and would give some additional exposure to the brand, especially if both domestically and internationally. I would think that would be more valuable to speedway than receiving cash. Maybe some deals are set up this way. 1 Quote Link to comment Share on other sites More sharing options...
oldace Posted February 1, 2013 Report Share Posted February 1, 2013 Reading the above comments, I would have thought that if speedway could be associated with a young vibrant brand, such as a mobile phone company or an alcopop company, whatever and the exposure was free to the company, but speedway became part of their normal advertising somehow, that would certainly be great for speedway and would give some additional exposure to the brand, especially if both domestically and internationally. I would think that would be more valuable to speedway than receiving cash. Maybe some deals are set up this way. Not really no. Any organisation looking to advertise and create brand awareness via sport sponsorship would look to a sport who's followers most closely matched the demography of the people the product was aimed at. Equally they don't want their brand perception to be tarnished by association. The SGP might be perceived as cool (although its churn rate of sponsors is quite high) but Elite League speedway would not likely be so. Quote Link to comment Share on other sites More sharing options...
ch958 Posted February 1, 2013 Report Share Posted February 1, 2013 (edited) we had big sponsors in the past - Coal Products I think being one but i can not remember a major sponsor since then. We simply are not an attractive demograph. I should think we are thought of as male, old and poor. whether thats true or not and there are not enough of us. Want to waste money selling to us? Don't think so! Reading the above comments, I would have thought that if speedway could be associated with a young vibrant brand, such as a mobile phone company or an alcopop company, whatever and the exposure was free to the company, but speedway became part of their normal advertising somehow, that would certainly be great for speedway and would give some additional exposure to the brand, especially if both domestically and internationally. I would think that would be more valuable to speedway than receiving cash. Maybe some deals are set up this way. this is very similar to when teams were "sponsored" by local radio stations - they simply plugged the speedway and teams bore the station name, e.g Stoke Signal Potters, Halifax Pennine Dukes, etc It could work Edited February 1, 2013 by ch958 Quote Link to comment Share on other sites More sharing options...
StormMarketing Posted February 1, 2013 Author Report Share Posted February 1, 2013 I like your last post oldace, now you're talking... and Mr Leslie, I cant be bothered to go back and re-read, but sponsors look at the Exposure first, and direct sales are secondary as I have said all sponsorships are risks... you could reach 10 million people and get 2 million new customers, or you could get none. So in that respect sponsors look at the exposure first more in "hope" of direct sales - and this is where Oldaces last post comes in.... if the product/brand is a good fit.... then the chances are the direct sales the company would get would be higher and less of a risk... For example sheilas wheels who target women would get very little return but as Oldace has suggested someone a bit closer to the sport or the demographic would, with the domestic "ageing" scene Tena For Men, Life Insurance, Nivea For Men, a Tyre company i.e. Pirelli etc. etc. there are quite a few people who would be best suited to speedway domestically but "is it seen as big enough and more importantly cost effective compared to other sports"..... thats a whole new debate But yes, I agree with your last post oldace an alcopops brand would not gain the right kind of exposure in the Elite league, but perhaps the poster was suggesting if a young vibrant company got involved, and proactively promoted their involvment in the sport, it could potentially attract a new younger audiences?? I would say its too much of a risk for a company to do that.... Quote Link to comment Share on other sites More sharing options...
Ray Stadia Posted February 1, 2013 Report Share Posted February 1, 2013 (edited) Not really no. Any organisation looking to advertise and create brand awareness via sport sponsorship would look to a sport who's followers most closely matched the demography of the people the product was aimed at. Equally they don't want their brand perception to be tarnished by association. The SGP might be perceived as cool (although its churn rate of sponsors is quite high) but Elite League speedway would not likely be so. But....don't you think it is us, the speedway fans, who have a 'flat cap' perception of speedway. I think the majority of the non-speedway fans, would say, 'is it still going?' or 'first one out wins'. I don't think the general public would say, 'it's a sport for old boys'. At the end of the day, it is 4 guys, mainly young guys, tearing around a track in colourful clothing, on colourful bikes, surely, with the right advertising and the right portrayal, that has value for a brand that is selling to young people. Speed, colour, glamour is a young persons thing. But I do think, it would be difficult to expect a cash injection, but advertising exposure, maybe possible. Edited February 1, 2013 by Ray Stadia Quote Link to comment Share on other sites More sharing options...
ch958 Posted February 1, 2013 Report Share Posted February 1, 2013 anyway - enough talk Storm - go out and get us someone! Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted February 1, 2013 Report Share Posted February 1, 2013 (edited) This is becoming a bit of a 'MONSTER' debate!!! Sponsorship of anything should not be considered on its own. As has been rightly pointed out, sponsorship should only be part of 'The Marketing Mix' which includes advertising, promotions, PR etc etc. I'm not sure what Meridian Lifts hoped to get out of their many sponsorships over the years, but imo they are not an obvious 'fit' with the sport?! Many years ago I was involved in some media (local newspaper) sponsorship of an Elite team, which at the time was selected to increase the brand awarenessand readership of the paper in that particular area - hopefully leading to increased sales. However apart from the direct cost of the sponsorship, there were also freebies, giveaways, stickers, Free team poster with every copy etc etc. (I think the Argus do similar stuff with Eastbourne, even though they are not the main sponsor). However, a possible drawback of having a media sponsor (Sky Sports??!), apart from the increase in coverage within that media, is that it can risk isolating the product from all other media!?? We all bemoan the lack of media coverage/interest for speedway - and usually blame the product or lack of marketing of it!! But it could just as likely be a reaction to 'Sky Sports Speedway' that reduces interest elsewhere?! I think the sport should be looking at companies with a good fit, where their product or service is used within or can be linked to the sport! How about for example, Mercedes Vans, Oil or Pressure Washers or............?? Value? Worth? God knows. Edited February 1, 2013 by Skidder1 Quote Link to comment Share on other sites More sharing options...
StormMarketing Posted February 1, 2013 Author Report Share Posted February 1, 2013 I would happily to a comparison to what a client pays to sponsor another form of motorsport in the UK and what coverage they get, then see what their exposure is vs what speeday provide. Sky sponsored to sport to increase its subscription, there are still may households who have no sky... if they splash £1million divide that by £30 per smonth subscription usually tv/internet etc. thats £360 per year.... 2777.78 subscribers.... have sky managed this through Speedway... I think so yes, are 2777.78 subscribers going to cancel their sky if they ditch Speedway? It will be a percentage but not many... as Sky would have opened up more programs to keep people interesting.... only the die hards who dont like other sports sky offer will cancel... so Sky has done well. Quote Link to comment Share on other sites More sharing options...
Ray Stadia Posted February 1, 2013 Report Share Posted February 1, 2013 I would happily to a comparison to what a client pays to sponsor another form of motorsport in the UK and what coverage they get, then see what their exposure is vs what speeday provide. Sky sponsored to sport to increase its subscription, there are still may households who have no sky... if they splash £1million divide that by £30 per smonth subscription usually tv/internet etc. thats £360 per year.... 2777.78 subscribers.... have sky managed this through Speedway... I think so yes, are 2777.78 subscribers going to cancel their sky if they ditch Speedway? It will be a percentage but not many... as Sky would have opened up more programs to keep people interesting.... only the die hards who dont like other sports sky offer will cancel... so Sky has done well. But it is not just what Sky get as additional subscribers, the big picture is the companies who wish to advertise on SKY TV and speedway may attract companies who would not normally advertise on SKY. Advertising has to be a big slice of their revenue. Quote Link to comment Share on other sites More sharing options...
StormMarketing Posted February 1, 2013 Author Report Share Posted February 1, 2013 and that Ray - and apologies for not saying your name earlier and just calling you another post - thats rude. I dont watch speedway on sky regularly but havent noticed any specific speedway related advertisers Sky Sports have incidently just dropped show UCMMA which is arguably one of the top 3 British mixed martial arts promotions and MMA/Cycling are the two fastest growing sports in the World - why? well Sky Sports are bidding for the rights to purchase the International rights to the UFC in the states which is ending its deal with ESPN.... in this country UFC is better known as its the biggest in the world.... what does this mean.... more pay per view nights Quote Link to comment Share on other sites More sharing options...
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