The Power of Sports in Marketing: Building Lasting Connections
Sports have an undeniable ability to captivate and unite people around the world. The passion, emotions, and excitement associated with sports create a unique opportunity for brands to connect with their audience on a deeper level. Through strategic marketing efforts, companies like Rayzon Solar and VBott Water Bottle, and many others have harnessed sports’ power to amplify their brand exposure and foster long-term customer loyalty.
The partnership between Jio and IPL 2023 has revolutionized how fans experience cricket, providing them with seamless streaming and connectivity options.
Source : https://www.youtube.com/watch?reload=9&v=BRY_-a5gTIc
By associating their brands with sports, Rayzon Solar, VBott, Jio, and many more tapped into an already-engaged audience. Sports fans are dedicated and passionate, making them more receptive to brand messaging during sporting events. This captive audience allows brands to amplify their message and build meaningful connections.
One of the key advantages of marketing through sports is the emotional connection it generates. Sports evoke powerful emotions, from the elation of victory to the heartbreak of defeat. By aligning their brand values with the fervor of sports, Rayzon Solar and VBott and more established a genuine connection with their target audience. This emotional connection fosters trust, loyalty, and a sense of affinity toward the brands.
Moreover, sports provide unparalleled brand exposure. Sporting events attract extensive media coverage, both traditional and digital. From live broadcasts to social media buzz, sports offer a platform for brands to reach a broad and diverse audience. Rayzon Solar and VBott Water Bottle strategically leveraged this exposure through partnerships, sponsorships, and product placements, significantly boosting their brand awareness.
Sports are often associated with values such as teamwork, determination, and excellence. By appearing alongside successful athletes or teams, brands like Swiggy and Jio And more implicitly conveyed these values to their audience. This association with sporting excellence inspires consumers and attracts them to the brand’s products or services. It creates a positive brand image and positions the companies as leaders in their respective industries.
Witness the clash of the Titans as the cricketing legends battle it out in IPL 2023. Brace yourself for epic showdowns!
The influence of sports stars cannot be overlooked. Athletes have millions of dedicated fans who look up to them. Herbal Life capitalized on this by collaborating with renowned sports personalities. Through these partnerships, they leveraged the credibility and influence of athletes to endorse their products or services. This form of influencer marketing on a grand scale extended the brand’s reach to the followers and fans of these revered figures.
Source : https://www.facebook.com/GujaratTitansIPL/videos/243047011744505/
GT is excelling in the T20 tournament, making headlines with their superb performance. They were acquired by CVC Capital Partners for INR 5,625 crore in 2021. Their income is expected to double this year with the BCCI’s IPL media rights sale.
From the media : https://www.timesofsports.com/cricket/ipl/2023-sponsors/
In 2010, the IPL became the first sporting event in the world to be broadcast live on YouTube. The brand value of the IPL in 2019 was ₹47,500 crore (US$6.3 billion), according to Duff & Phelps.
According to BCCI, the 2015 IPL season contributed ₹1,150 crores (US$150 million) to the GDP of the Indian economy.
The IPL, known as a cricket festival, has transformed into one of the world’s most influential leagues. Brands recognize its potential to dominate the consumer mindset within a short span of time. Advertising during the IPL, particularly on online and OTT platforms, has become crucial for consumer companies, enabling them to shape consumer views and achieve remarkable visibility. Many brands, especially those in consumer categories, witness a significant surge in product sales during this season, often reaching 30% – 40% of their annual targets. By associating with this highly popular platform, brands can mold consumer perception and inspire dealer confidence, leading to increased recommendations of their products and services. The IPL presents endless opportunities for marketers to build effective marketing strategies and engage with their target audiences.
From media: https://timesofindia.indiatimes.com/blogs/voices/the-impact-of-ipl-on-brands-and-its-marketing-strategy/
Tata IPL 2022 brings tremendous opportunities for brands to capitalize on its expanded matches, new consumer markets, and refreshed squads. With the tournament’s growing scale, brands can harness the distinct impact of the IPL for a remarkable presence.
From media: https://www.exchange4media.com/marketing-news/how-different-brands-within-a-category-have-hit-it-big-with-ipl-118359.html
MPL’s IPL association was a game-changer in digital marketing. With high visibility through team sponsorships, multiple advertising slots, and Virat Kohli as their brand ambassador, MPL experienced tremendous growth. Their user base skyrocketed by 10x throughout the year, with a 1.5 to 2 times surge during the tournament alone. Recognizing the unparalleled viewership and brand-building potential, MPL plans to double their IPL ad spends, prioritizing the 50 days of the tournament over an entire year’s marketing budget. IPL became the catalyst for MPL’s remarkable brand expansion.
From media: https://www.forbesindia.com/article/take-one-big-story-of-the-day/perfect-match-why-brands-love-the-indian-premier-league/66985/1
The IPL 2023-27 media rights have earned INR 48,390 crores (digital TV). Across five years of media rights, a total of 410 matches will be played where BCCI earns roughly INR 118 crore per match.
From media : https://www.tribuneindia.com/cricket/ipl-2023-gujarat-titans-net-worth-and-sources-of-revenue-6438f76f1fd2c505d0400a48
In conclusion, marketing through sports offers a unique opportunity for brands to connect with their audience, generate brand exposure, and foster long-term loyalty. By tapping into the passion and emotions associated with sports, brands like Rayzon Solar and VBott – Vacuum Flask have successfully created lasting connections. So, the next time you see a brand’s presence during a thrilling sporting event, remember the power behind its strategic marketing moves.