The Race for
Sponsor Dollars is On!
By Brian
Mackey
All rights reserved
The
Beginning (Part 1)
Motor racing is mirage for
those who think it is just a car race. It is not what
it appears to be. We forget that it has grown to be
primary a cog in the entertainment business -- it's
show biz! Much of this transformation from sport to
business has occurred within the last decade, almost
entirely within the last twenty-five years. With this
business discovery, a growing list of corporations
have adopted the sport to advertise their service or
product. These new corporate sponsors entertain
clients, provide brand exposure through TV and other
mediums and continue to develop means by which they
can leverage their sponsorship into one of the
leading applications in the burgeoning special event
sports marketing industry. Because of it, the sport
has blossomed or decayed, depending upon who you ask.
This change has created a whole
new ballgame. Some race teams seem stuck in the past,
refusing to modernize their thinking to the realities
of today's motor racing. The business of the sport
continues to burden their everyday existence. For
them, their link to competitiveness is increasingly
buried in the past. "Remember when we..."
becomes their primary topic of conversation.
Rule
Number One
(Part 2)
Investing
in Marketing (Part 3)
Marketing
Strategies
(Part 4)