Are You Making These 3 Branding Mistakes?
Branding is one of the most important components of a business. It’s what people see, what they know, and what they associate with your name and...
2 min read
Ron Reisman : Apr 4, 2024 5:16:41 PM
What do you think of when you hear the phrase “diverse sponsorships?”
If you work in marketing, you probably think of a sponsorship portfolio spanning a diverse mix of industries and properties. And when it comes to reaching a broad audience, that’s a good thing.
But how often do we think of diversifying our sponsorship strategies to reach a more precise audience? I’m talking about iteration and segmentation—a concept that is often overlooked, but which could have a tremendous impact on a marketing plan’s success.
First things first: what does “iteration by segmentation” mean? It is the process of building an activation strategy by breaking down your audience into smaller subgroups to allow for more refined and targeted messaging.
It uses a common framework that is then customized and optimized to reach particular audiences. And that practice can serve as a strong foundation for brand sponsorships.
Entering into a sponsorship with a property gives you access to a group of people with a common passion—namely, whatever that brand or property does, sells, or promotes. But there are subsets of people within that group who, like every aspect of life, consume and experience that property’s content differently based on a multitude of factors: race, gender, culture, age, socioeconomic status, etc.
Take college football, for instance. According to a recent Statista study*, there’s more diversity among Avid Fans than what some may think:
*Statista 2024 – Public interest in college football in the U.S. 2023
So, while it is critical to any sponsorship strategy to build a common theme, engagement strategy, and set of objectives, an activation plan should consider a basic, yet critical 2-step process:
Iteration by segmentation is a common practice at the brand campaign level, but it isn’t carried over into the sponsorship space often enough. But by applying the same principles of diversity and precision marketing, you can improve your ROI and connect more meaningfully with your target audience.
Branding is one of the most important components of a business. It’s what people see, what they know, and what they associate with your name and...
What do you think of when you hear the phrase “diverse sponsorships?”
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