Rich Clark Marketing

Opinions from Rich Clark one of the UK's leading Marketing Professionals


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My Time at Best Buy

As most of you are aware my time is now officially up at Best Buy.  After over two years at the US company (I can’t believe it is that long either) it is time to move on.  A lot has been achieved over my time there, some of which I will account for below and I have met a number of very good people.  Above all I joined Best Buy for two reasons.  One reason was to launch a brand from scratch, something most marketing professionals in th UK have yet to do, and fewer digital marketers have had that responsibility.  Secondly was because of the great people-based culture Best Buy had.

The second part of that has changed during my time in lovely North Acton and I suppose it had to change to a degree as the organisation comes to terms from being a start-up to becoming a dominant player in the UK CE space, something they should be well-equipped to become.

So what was achieved?

Launch of a Brand

We had a lot to do on this. Rather than just transmitting the US brand to the UK, we had to establish what the UK consumer wanted and needed and deliver propositions against that.  In the early days I was one of the key stakeholders in the process and we had some great debates on how to shape the brand and in turn the plans accordingly.  As the Marcomms team grow and we went from launch and branding to BAU this moved to the more traditional team.  We won an award for one of the service propositions we created ‘Walk Out Working’

Social Media

I may have been lucky in joining a brand that embraces Social Media more than some, at a time when social media was going from infancy to adolescence.  But, I feel this was one of our main success stories – recognised by being voted number 5 in the UK’s Top 100 Social Brands.  We did more than just build buzz around driving Facebook page numbers or Twitter followers.  We tracked behaviour and listened to conversations and reacted accordingly.

In addition we created content calendars to drive Social Media currency and providing worthwhile content for people to visit and engage with us on our platforms.  This included attending Trade and Consumer shows in addition to covering Entertainment events.

One of my brainchilds TechXpert did very well and given the right backing by the business will help differentiate Best Buy in both Social Media and through site usability.

Watch out for others on the horizon that have already been developed including TwelpForce and IdeaX.

Affiliates

Our affiliate programme grew from absolutely nothing to a roaring success over night.  We built very strong relationships with key affiliates including Quidco, MyVoucherCodes, Nectar and CoolKitchen as well as with some of the others you may not know.  We created a programme that was far more competitive than anybody in our sector and listened to affiliates and their needs.  This was recognised at this years A4U Forum where the Best Buy programme won ‘Best Newcomer’

Mobile

Although not launched officially as yet,  the work already put in means Best Buy is well-placed in terms of apps and m-Commerce.

Site

The site in my opinion is the cleanest and most customer-centric of all core-CE competitors.  It was built using a combination of best-practice and usability studies with our customers.  We also used Exit Surveys post-launch to see where we could change further.

Social Commerce

We were the first retailer in the UK to launch a Facebook store-front, allowing users to access the entire catalogue within Facebook, share or like with friends and go off and buy.  Other work in this area has been done, but it would be unfair to reveal what that is.

Viral

We produced a great viral to link Best Buy and our people with the World Cup.  That despite no link with the World Cup and no online presence.  The video which also featured a competition element, pitted two of our brilliant blueshirts from Merry Hill setting up the ultimate mancave featuring great tech but also a kebab oven, slush puppy machine and man nappies.  The video got c. 250k views and loads of comments within just two weeks.

Overall

There was a lot covered in the two years and it was a great learning experience, not only for me but for all involved.  There is a lot more that we managed to do that is not in here, but I didn’t want to bore you all too much.  I joined Best Buy for a challenge and it certainly delivered in that respect.  It was a great time with its fair share of ups and downs but overall good.

Last word

I couldn’t write this post without acknowledging perhaps one of the best leaders I have ever worked with.  Now I don’t normally go for the cheesy American stuff or Raa Raa as most of you know.  But one of our original leaders at Best Buy was absolutely inspirational.  He believed in what we were doing and was absolutely passionate about Best Buy.  He treated every employee as a member of his family an he genuinely had the best interests of everybody at heart.  Paul Antoniadis sadly left Best Buy and in my humble opinion I still don’t think they have replaced his passion or enthusiasm.

I know Paul is off doing his own thing now and doing very well for himself (I imagine with much shorter days as well).  There were many other people within Best Buy who were good and helped make it a great place and they know who they are.

Now I move on to new things, which will be revealed very shortly.  Needless to say everything I have learned over the past two years will be utilised and built upon.  So watch my LinkedIn profile to see what’s next.


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Social Brands 100 – #sb100

Some time ago I was informed that Best Buy had been nominated to appear in the Social Brands 100 list for our social media efforts in the UK. This was a great honour as the nominations had been sourced from the public.  I personally feel this is a good endorsement for all the hard work myself and the team have put in to make the impact we have had as a new brand.  Special shout has to go to my Social Media Manager, Graeme Cole who is busy on a well earned sabbatical at the moment touring the southern hemisphere. He is back soon.

To find out a couple of weeks ago that we finished fifth was massive for us.  To beat the likes of ASOS and Zappos is a great feeling.  In addition to being the only player in our sector to feature in the Top 100 is a great achievement.

So why have we been placed so highly? For the official answers and scoring criteria see the #sb100 report here.  From a personal perspective I feel we have tried to cover all the basis within social media.

1 On-site

We have created a core community platform that provides forums for customers and/or general visitors to talk about tech or general tech and entertainment related subjects.  In addition we are very transparent with customer service questions and requests for expertise. We rarely moderate and try to do so on a fair basis.

We also have an active blog base which covers, tech, entertainment and updates from Best Buy. I have personally covered the likes of Gadget Show Live and interviewed Suzi Perry and Ortis Deley.  Other great content includes coverage from the Brits and BAFTA ceremonies.

2 Reviews

Reviews come from both the well known aggregator Reevoo but also our own panel of TechXperts. These guys review the latest kit from Energy Monitors to the latest 3D TV.  The platform is also open for members of the public to upload their own video.

3. Social Platforms

We are active on all the major platforms, Facebook, Twitter and YouTube.  On each of the platforms we tailor the activity to suit the audience.  However we often run competitions, upload photos from events and provide updates and offers for our base.  Perhaps most importantly we encourage customers to ask questions and if need be, give us feedback, no matter how difficult it may be.  We always try to respond quickly and as thoroughly as we can.  We also do it from a personal perspective rather than as a company.

4. Social Commerce

In addition, as reported in NMA we also have a Facebook store, which allows our fan base to check prices, look at the latest kit all from Facebook.

This is just the start for Best Buy in the UK.  We have driven this growth organically without any advertising or promotion to speak of.  We also have a couple more ideas up our sleeves that could help customers engage with us further so watch this space.

Would love to hear what you think of what we have done so far and of course any ideas for the future.  Also, do you think we deserved the lofty position?

Just a final point, I would personally like to thank anybody that nominated us and thank the guys Headstream and the panel for their views and feedback.  Now we just need to aim for higher next time!


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I’m Back!!!

Well this isn’t a quote from a film.  Its to announce I am trying to get back in to my blogging.  Haven’t done it for some time and feel that I have neglected my regular readers.

So first and foremost, apologies for that.

What have I been up to.  Well the main reason for the lack of blog posts is the day job.  Hopefully it won’t have escaped your attention but we have now successfully launched the Best Buy website and of course all the marketing that goes with it.  How has it gone? Well obviously I won’t be revealing any commercials here, but overall the launch and our first peak went well.  We have certainly made a dent on the sector and helped ourself to a fair share.

We have managed to combine social media and acquisition marketing to drive business and traffic to a national website with low brand awareness.  Not a mean achievement.

Anyway enough of this, I have a post in draft which I hope to put live soon.

Take care and feel free to read any previous posts and leave feedback or comments.


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Celebrity Tweeters

Celeb Tweeters

So based on a sample size of one (namely me) I thought I would produce a list of the celeb Tweeters that engage with a normal run of the mill member of the public like little old me.  Whilst I won’t vouch for the A-list calibre of the list, I will say they have all been or will be in the public eye.

Criteria for inclusion is simple.  A public figure must have Mentioned me (@mrrichclark) in a Tweet, followed me or DMed me – simple.  This list isn’t a popularity contest or self-promotion merely a little bit of fun.

Jason Manford –comedian and One Show presenter

 

 

Chantelle Houghton – Winner of Big Brother and Ultimate Big Brother finalist (account seems to have changed now)

Davina McCall – Big Brother host, hair dye enthusiast and annual fitness DVD lady

 

 

Suzi Perry – Gadget Show Presenter and Moto GP fanatic

Paddy McGuiness – legendary Bolton comedian andnow presenter of Take Me Out

Ortis Deley – Gadget Show presenter and former children’s TV presenter

 

 

Yoko Ono –the lady needs no introduction

Dawn Porter – general quirky TV presenter

Sarah Cawood – TV presenter, now on BBC’s flagship film show

Carol Vorderman –ridiculously intelligent TV presenter of Countdown fame

 

 

Michelle Dewberry – Winner of Alan Sugar’s The Apprentice

Angellica Bell – Former Children’s BBC presenter

Duchess – upcoming Girl Band

Mark Charnock – Marlon from hit soap Emmerdale

Bianca Gascoigne – Daughter of football legend Gazza, DJ and model

Rio Ferdinand – Manchester United and England defender

Reggie Yates – TV and Radio Presenter

 

 

 

3AM Girls – Infamous Gossip Columnists

Rob Brydon – Comedian and Writer

Matthew Cooke – BBC voice over

The Bratt – Rapper

Reese Williams – Emmerdale Actress

Jodie Prenger – Singer in musicals and TV personality

BlakTwang – Hip Hop star

Richard Clarke -Presenter on Capital FM

Jodie Marsh – Model

Andrea McLean – TV Presenter

Charlotte Hawkins – Sky News Sunrise Presenter

Aisleyne Horgan – Big Brother Contestant

Lucy Jones – Sony nominated Radio Presenter

Jen McGinlay – Radio Presenter

Richard Bacon – TV and Radio Presenter

 

 

 

 

Iain Lee – Comedian

Natalie Pinkham – Presenter


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Apologies

Just a quick note to thank you for all the kind messages that I have received from people who read my blog.  Honestly I didn’t think anybody even read it.

Well I have been really busy with long days at Best Buy, but what a challenge.  The first stores have been launched, we have a great holding site and warming up for the national launch.

I promise to get back into the blogging though. Maybe a new post when I have a week off soon.

In the meantime, feel free to follow me on Twitter Richard Clark

Take care


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Measuring Return On Social Media

Measuring Return on Social Media Presence

This has been the fear/worry/challenge/competitive edge of almost every company that has any form of social media presence.  From a simple company Facebook page to a fully integrated Social Media strategy.  Speak to a number of agencies or many online marketers and they will tell you it can’t be measured beyond the simple metrics such as number of fans or followers.  Perhaps at the incubation stage and to a degree the baby stage that was correct.  However now social media has grown up a little, into a healthy little toddler things have changed.

In theory you can’t directly measure the impact of a brand TV commercial, but companies do.  It is the same for social media.

Remember the strategy

A lot of talk is around the utopian idea of getting an ROI from your social media spend or presence.  However for some brands this isn’t just a case of pounds in the till Vs pounds handed out to agencies or media owners such as MySpace.  As with any channel development or Marketing activity, you need to understand what you want to get out of your social media presence.  Your strategy may be a simple one that only looks at your impact within the channel, therefore a basic upwards trending number of fans may suffice.  Your strategy maybe to increase UVs to your core website, as such you need to measure the referrals from your social media presence.  Like a TV ad you maye be trying to influence brand perception so you would look at traditional brand metrics such as awareness and consideration.  Some strategies require an emphasis on loyalty or ROI, these can be much more difficult to prove, however not impossible.

Just consider before developing any tactics or implementation, what your objectives and goals are.  Then measure.

Understanding the basics

When measuring against any goals you need to understand what is your norm or otherwise known as the baseline.  You need to look at any pre-strategy figures and work out your norm, or the contribution you can expect without implementing your strategy.  This baseline should be measured over a long period of time to take into account one-off fluctuations, seasonality and peaks – you should then use a trend line and determine your norm.

Once you have claculated your norm, it is easier to determine what the goals from your objectives should be.  If for instance your site has 10,000 UVs a week then to expect a 100% uplift from a strong social media strategy may not be impossible.  However if your site gets 100,000 UVs a week, it may be more difficult to gain a 100% uplift, although not impossible.  This seems really basic stuff but it is often forgotten. I have spoken to Managing Directors and Marketing Directors that think because there are millions of people on social network they should be talking telephone numbers in terms of traffic uplift, sadly it doesn’t work like that.  It may be easier to get a massive groundswell if your activity is in the channel the people use, you could get a massive following on Twitter as the people are already there and its their environment, rather than expecting them to come to you.

Anyway, once you know the norm of whatever metric you want to track you can more easily identify any uplift from your activity.  However it may not be all down to the new strategy, other factors might be in play, that is why it is advisable to implement a good web analytics tool.  Omniture is widely regarded as one of the better packages along with Coremetrics, however if you have your own site or limited budget then Google Analytics may suffice.

OK, but now what?

So you know what you want to get out of your strategy and you have worked out the basics, but now what?  Sit back and watch everything work away and drive you towards your goals or personal bonus.  Not eaxactly.  Sometimes people expect immediate results.  Stick it on Facebook and they will come.  If they don’t see an uplift straight away, the strategy has failed.  Wrong.  Well potentially wrong.  Remember when working in social channels you are entering the end users territory.  You have to earn the right to be there.  Give them something to talk about, make yourself interesting, but don’t make things up.

So what do I do?

Don’t look at things with immediacy in mind.  When you create a coupon for your affiliate network or raise your bid caps in Google you can often see an immediate (or quick) effect.  However you need a longer view with Social and you need to look at things outside of your specific influence.  A great area to explore is Social Media Influence or Buzz Metrics.  There are various tools and service with varying levels of robustness and credibility.  In the UK there are market leaders such as Market Sentinel and Nielsen Buzz Metrics.  There are also some freebie or cheaper tools such as Viral Heat and PostRank Analytics.  These cheaper tools are sometimes less robust or feature on a specific platform such as Twendz.  What all of these tools have in common is that to varying degrees they track what is being said about your brand or site on other platforms rather than just looking at core measures such as visits or upstream and downstream traffic.

The majority measure trends and SoV, some measure snetiment and others rank influence on brands and/or topics.  All of these are important as although your activity may not imemdiately increse traffic, it may improve the sentiment towards your brand, increasing peoples’ perception of your brand and in turn increase their potential to engage or buy.  These tools can also aid your search activity.  As product or brand experts you might think you know what people type in about your brand, however more comprehensive tools help you identify what people are typing or saying about your product.  Giving you more insight into which words you you optimise or focus on in paid search.

But can I make money from it?

Well as I wrote at the beginning of the piece remember what your objectives are.  The short answer is yes, you can make money from social media and yes social media can increase users propensity to buy, however your activity may not lend itself to that.  But various surveys have taken place that demonstrate you can specifically get an ROI from your social media presence.  According to a recent survey by eMarketer, c. 51% of US internet users are likely buy from at least one brand since becoming a fan on Facebook.   When it comes to would they recommend to a friend the number increases to 60%.  That is one indication of an increased propensity to buy.

Before you all clamber out and create or refresh your Facebook page, Forrester outlined a stark statistic.  More than one third of online users visit at least one brands social media presence, yet less than half rated the experience rated their experience as having a positive influence.  One method that the likes of Starbucks and Dell use within their social media presence is exclusive offers and promotions.  It is this sense of providing something special for fans that makes the experience positive and influence future buying behaviour.


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5 F’s of Social Media

5 F’s of Social Media

Over a few posts I will highlight a number of case studies highlighting examples where brands have successfully implemented a social media concept.  To help illustrate the cases I may also identify a couple of the social media disasters.  A great recent example is the DSGi Facebook group where employees openly criticised customers.

However in this post I would like to highlight something that I call the 5 F’s of social media.  Don’t worry I’m not going to teach 5 new profanities beginning with the letter F.  Us marketeers like simple number-letter concepts to help add context to a piece of theory (4 P’s of Marketing).  This will also help me frame the case studies in future posts.

My 5 F’s theory does exactly that.  It highlights 5 distinct criteria – that if all are met, I believe most social media campaigns or activity will succeed.  Each campaign doesn’t necessarily have to hit all the buttons and success could also be achieved by simply turning up the volume on one or two of the areas.

Familiarity

To make any social media/participative marketing campaign a success brands really need to understand their target audience and the objectives of engaging with them.  If you can really get to grips with who your audience is and what they want then you will gain a genuine connection.  With this connection the community or audience should do your work for you, participate and  help towards growing the campaign.Pepsi Amp App

The best method to underline the importance of this particular F is when people get it wrong.  Pepsi’s recent campaign “helping men pull girls” which helped alienate half their audience (namely women).  They obviously had great intentions to undertake something cool and exciting on social media utilising app technology – however it seems to be a classic case of letting the technology rule the idea.

Even if your intention isn’t to run a ‘cool’ participative marketing campaign but to have a presence within social media, you still need to be familiar with your target audience.  Remove the word media from social media and you have social.  People using these channels generally do so to communicate with each other.  They align themselves with likeminded people and as a consequence, generally don’t like companies just plying them with promotional messages.  Brands need to earn trust and the right to have a place talking to people via social.  You need to be familiar to know what messages people want to receive, above all you must be open enough to reflect the audience wishes and feedback.

Fortune

Fortune covers two angles.  Participative marketing campaigns can be amplified if brands put budget behind them.  Social is not free.  You need to make the same investment in those campaigns as you would any other.  Don’t be so blinkered to imagine all promotion has to take place through social media.  People engaging with social media also consumer other media, the ObaWalkers Do Us A Flavourma campaign perfectly illustrates.  The campaign lived within social media, utilising strengths of various platforms such as Twitter and Facebook, however substantial investment was made in traditional channels to support this activity.

That being said, the investment doesn’t necessarily need to be in promotional activity.  Participative marketing can benefit from having a great (relevant) payoff for the participants.  A prize or even an ongoing cash amount for people submitting entries (Walkers – Do Us a Flavour).  This incentivises participants to think in detail about their response or become more creative.  The lure of some ‘fortune’ will also help spread word of mouth associated with your campaigns.

Fame

In 1968, Andy Warhol once famously created the phrase, “In the future, everyone will be world-famous for 15 minutes.”  This seems to be the undertone for the society we currently live in.  With the rise of reality TV shows and YouTube heroes, everybody does have their opportunity and indeed millions are positively striving for their shot at fame.  Just look at some of the hopefuls on XFactor.

With this in mind, if you can offer X Factor Logothe chance of fame as part of your social media strategy, no matter how small, their is a greater chance of success.  As with the familiarity section, the accolade has to be in tune with your audience.  There is no point providing the platform to be an Exhibitor in the Tate to a group of stereotypical football fans.  Neither would a DJ contest be of any interest to a group of traditional BBC Radio 4 listeners.

If you get it right, the element of fame can really engage with your audience.  Even if the fame is only restricted to a particular social network.  The YouTube phenonomen is a classic example of this.

Fun

As with most activity online, making it fun is a key consideration.  If you can entertain your audience you are more likely to gain the talkability factor.  A sense of fun adds an element of personality to a brand.  This does not necessarily mean the concept has to be funny, more just fun, engaging and entertaining to the audience.

Again, being in-tune with your audience is crucial.

Forwardability

If you have one or all the of the above elements cracked to a good level then you should have produced activity that has the potential to be forwarded.  Your presence needs to be in peoples’ e-mail boxes.  On their phones and referenced on their individual social media profiles.  Your need to be so current to the audience and reflect what they want that they are proud to be associated with the brand.  The audience will do the work for you.

Remember, get it wrong and they are just as likely to forward to their friends but paint a very negative and potentially damaging response.

The package

So this was an initial attempt at placing some theory behind social and participation marketing.  This is by no means exhaustive and I will hopefully come back from time to time to refine the concept of the 5 F’s.  I will also be looking at some case studies to critique and test my theory of the 5 F’s, so if you have any candidate campaigns or brands, please feel free to contact me.


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Web Analytics – how can you utilise to create improvement?

Web Analytics

In today’s economy most organisations have a website.  Most organisations invest in the design of the site.  A high proportion invest in usability.  A number of organisations invest in additional content.  A good proportion of organisations invest in web analytics, however a good proportion don’t.

Of the organisations that do invest a number don’t really utilise the full benefit.  So those that don’t realise the full potential of web analytics or don’t use them at all are really missing the real advantage of the web.  Most people love the internet because it is ‘so transparent’ or ‘it is the most measurable channel’.  However without fully utilising web analytics those benefits cannot be truly reaslised.

How do you make it work?

Most organisations completely fail to realise the full potential of their investment because they invest in the tools, however don’t invest in the resources needed to make the tools work.

The main building block to making web analytics truly work is to invest in personnel that can both operate the tools and as importantly understand the outputs, analyse and put plans into action to improve, based on the results.

Companies also need to recognise what they want from web analytics.  It may be that all you need to know are basic traffic numbers, or sales per visits.  These parameters should be set and where possible, dashboards shWeb Analyticsould be set to ensure consistency of output and easily comparable data.  In addition, this should create efficiencies within business decision-making processes.

What should you use Web Analytics to achieve?

The obvious areas are measure, analyse and optimise on your KPIs.  Simple, however many organisations fail on these basic central points.

A key reason for adopting a thorough approach to web analytics is to input into your optimisation strategy.  Let the data identify key issues that are impacting on your conversion in both a positive and negative way.

Web analytics should also allow you to track the sources of your traffic.  You should be able to track all your sources of traffic, de-dupe and prove what channels are driving traffic, sales and ultimately conversion.  With the two elements combined you should be able to optimise both your site (layout, call to action, customer journey) and your media/creative mix.

Going back to the original point, if you clearly define your objectives and KPIs, web analytics can really

The continuous improvement process

The continuous improvement process sometimes termed kaizen (Japanese for improvement) is what should underpin any web analytics implementation or strategy.  The basis of this concept is actionable measurement.  You need to do more than just measure results, feed the output back in to everything you do.  Change both the elements that are measured and review everything it impacts.  Even though you may be identifying a away to optimise your call to action buttons on your website, it may be down to the language – this in theory could influence how retail staff interact.

top5Top 5 Key considerations

1 Delve into your analytics and get past the top layer

2 Mirror the output with the objectives

3 Once the basics are cracked, undertake more complex initiatives such as multi-variate testing, which allows you to make dynamic changes to your site to speed your optimisation cycle

4 Can areas of improvement being made on the website improve other areas of the business?

5. Don’t just collect data, act upon it, optimise and review

Cost Vs Benefit

Remember, web analytics doesn’t have to be expensive.  You can get complex systems such as Omniture, that can interrogate all levels of detail and integrate into all your business systems.  However if your requirements aren’t as complex, your implementation timescales are shorter or quite simply you don’t have those levels of budget, you can get a very rich layer of information from free tools such as Google Analytics.  Whatever happens, don’t let cost be a barrier to implementing web analytics.  The benefits of a small investment will far outweigh any costs, as long as you act on what you are being shown.


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Football Sponsorship in the changing climate

Is the backdrop for sponsorship changing?

There is a lot of talk in both the marketing and sports arenas that the climate for sponsorship is changing.  Sponsorship in football isn’t new.  During the 1920s Lillywhites negotiated exclusive rights to publish FA fixture lists.  In the 30s the top players of the time such as Sir Stanley Matthews, were seen to endorse and advertise a range of products from cigarettes to mens cosmetics.  So David Beckham was beaten in his endorsements by some 70 years.david beckham england

In the 70s football was in the midst of a mini economic crisis, crowds were falling and players’ wages increasing.  The Football League decided to create some (short-lived) tournaments such as the Texaco Cup and the Watney Cup (won by Bristol Rovers).  However it was the Football League Cup that secured the first major sponsorship deal in 1982, the Milk Cup was formed.  Most of the major tournaments have since secured sponsorship deals, either associate or title sponsorship.

The combined factors of the economic downturn and the rise of online for more than just purely acquisitional methods of promoting your brand, has helped to create this perception.  Examples of the changing commercial climate in football were cited, when the likes of Setanta failed to make their rights to major football pay.  The collapse of Setanta in the UK despite rights to Premier League football and Scottish Premiership and several other high profile sporting occassions could be perceived as the end of the commercial euphoria that has changed the English game.

Never has the English game been under this kinf of pressure since ITV Digital collapse put a number of English clubs at risk.  The increase of clubs entering administration in the game at the lower levels also adds fuel to the fire.  The current decline of the pound against  the Euro (combined with 50% tax rate) is also resulting in some top players such as Ronaldo moving abroad or considering the move.

All doom and gloom?

However, there is still an influx of cash from (in the main) overseas backers, meaning football at all levels is still getting investment.  This isn’t just top flight any more, the likes of Southampton and Notts County are also being pushed.  The fact that Setanta had their rights replaced so promptly by the likes of ESPN also helped ease some of the concerns.

There are also some key sponsorship deals that have been signed recently including Chelsea‘s deal with Samsung.

A new approach

Obviously it isn’t always possible to rely on investment from overseas billionaires.  For every Chelsea and Abrahmovic there are 50 not so fortunate clubs.  So how do they survive?  Well frankly, some don’t, however others have discovered more creative approaches to their sponsorship.

Some of the clubs have benefited from giving away naming rights.  For example when Arsenal moved from their long-term Highbury home to their new stadium, Emirates Airways secured a reported 10 year muli-million pound deal to create the Emirates Stadium.   A number of traditional supporters think this is a step too far, however most accept that this is the current trend and the only way to stay competitive.  So stadiums have been sponsored, shirts don logos, individual players have become commodities, the only thing left is the club itself, steeped in tradition and part of the community.  Not for too long.  Whilst accepted overseas with the likes of Eindhoven being name PSV (Philips) and Salzburg (FC Red Bull Salzburg) bringing corporate life to the centre of their existence.  Now financially troubled Stirling Albion are looking to go the same route and offer naming rights on a five year deal.  Whilst it will undoubtedly annoy the real traditional football followers it is better to keep the club going.

Whilst other lower league clubs continue to grapple with the current climate not all are going down the extreme route of auctioning their identity.  Bristol Rovers took the creative route to gain revenue by raffling its shirt sponsorship.  The club claim to have come up with the idea as they feared their sponsorship revenue would decrease if they managed to secure one at all.  The raffle is estimated to have generated double the revenue that they would have expected for sponsorship in a growing economy.  It also created a lot of buzz around the community and generated some good PR.

Whatever happens to the economy overall, the British game will continue and will without a shadow of doubt continue to generate revenue, either from wealthy investors, major sponsorship tie-ups or the inventive methods shown by smaller clubs such as Stirling Albion and Bristol Rovers.

What about the sponsors?

Never has the need for sponsors to connect to the recipients of their sponsorships been so great.  With the growing consumpion of alternative media, people are now driving the news and owning the media agenda.  With the likes of Twitter or Facebook, users can endorse or undemine a sponsorship within mintues of its announcement or perhaps more importantly within minutes of being exposed to it.

Big Brother LogoAny organisation that sponsors any property, whether it is a football club, event or a broadcast property such as Big Brother, needs to have a reason to be associated.  When I was at Nationwide we developed a whole campaign that enveloped our sponsorship properties (primarily the England Football Team).  Our “Sponsored by You” campaign put all the perks of being a corporate sponsor back in the hands of our members and the average fan.  Members of Nationwide could win VIP tickets to see England, get a player to a local school or get signed merchandise.  It also encourage winners to post videos or photos of their experience.  This kind of approach allows the organisation a place within the recipients passion, and makes them feel welcomed. 

Sponsors need to move away from thinking about sponsorships as merely a means to get their name out to a mass audience.  They really need to make them work or face a waste of marketing spend that could have been utilised to a far greater degree elsewhere.


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Teenagers Don’t Regularly Read Newspapers

Morgan Stanley Revelation

Well it seems to take a 15 year old boy to tell the corporate world the blinking obvious.  Matthew Robson a 15 year old school boy had a work experience stint at Morgan Stanley.  As part of his spell there he was asked to write a research paper on teens media consumption.

Now this isn’t a dig at Matthew Robson, or particularly at Morgan Stanley, but does it demonstrate a distinct lack of awareness at large corporations about online and other emerging media channels.  Matthew probably didn’t expect to become when he wrote a summary of what he and his mates thought.  Yet it seems his work hit the tables of analysts, investors and CEOs.

So what inspiration did Matthew afford to his six-figure salaried friends?  Well here are a few items:

Teens prefer streaming sites (e.g. Napster and Spotify) to regular Radio – as, wait for it, they don’t like adverts

Teens prefer Facebook to Twitter as it is seen as a better way to stay in touch – (apparently Stephen Fry isn’t cool for teens)

Teens also watch TV (a lot) but via internet rather than TV, so they can watch what they want when they want on channels such as iPlayer

Teens don’t buy newspapers, or indeed don’t buy CDs

Teens also find online advertising pointless

Well as I said, this is not against Matthew, I just think the stating of the blooming obvious really illustrates a lack of corporate understanding.  This lack of understanding is both lack of education of online and also most are so far out of touch with ‘youth’  the obvious becomes a breakthrough.  I just hope Matthew’s efforts opens the eyes of some corporations. 

I have thought of some other bright ideas that Morgan Stanley can get excited about:

Top 5 ideas

1. School boys like football and can often be found to wear replica football shirts

2. Very young children struggle to eat solid food, they prefer liquidised food which is easier to swallow

3. Kids enjoy sending text messages on their mobile phones

4. Children play games on their consoles

5. Girls and boys are different, as a result they should be treated differently when targetting products at them

Matthew is also quoted as saying that he is now considering a career in investment banking.  Matthew, I am not surprised, good luck.