This past Sunday, as we all watched rookie Trevor Bayne win the Daytona 500 by edging out a field of seasoned Sprint Cup pros, we couldn’t help but laugh at what great value his current sponsors were getting! Despite the innocent rookie move of forgetting to thank his sponsors in the post race interview, he was providing some serious value to his corporate backers.
Now let’s talk about the reality of the situation moving forward. Trevor Bayne is barely 20 years old and on the top of the world. Of course, while no one may even expect him to win the rest of the year (he isn’t even slated for the whole season at this point), one thing is for sure, guaranteed media attention. He is a media dream and an onslaught of new fans (over 20,000 new twitter followers since winning the race) will catapult him into the big time and the sponsorship should follow.
Sponsors that are considering whether or not to support Bayne have the opportunity to align with him right after his big win and be the saving grace that ensures his presence in NASCAR. Besides the long term results, these sponsors would immediately receive praise from his legions of new, soon to be loyal fans. We already know from past Performance Research Independent Studies that 72% of NASCAR fans would almost always or frequently choose the brand they associate with NASCAR over one that is not associated with NASCAR, and we can only expect this number to hold true for the sports new golden boy, if not be even higher.
That being said, we are keeping our ‘SponsorEye’ open, looking for the brand that jumps at this opportunity and attempts to make Trevor Bayne the household name that he has so much potential to become. In the meantime we anxiously wait to hear what Trevor decides to name his very own sundae later today at Ghirardelli Square in San Francisco!
For more on Performance Research and our Independent Studies check us out at www.performanceresearch.com
Being back in Newport after a trip out west to Sundance for the acclaimed film festival has given us some time to reflect on what was for us here at Performance Research, the most interesting movie of the festival – “The Greatest Movie Ever Sold” by Morgan Spurlock.
While I am sure the majority of you know what the movie is about, for those who do not, here is the recap:
Director Morgan Spurlock completes a successful plight to create a film of which the main subject is corporate product placement in television and movies. Of course, there is a twist, and the twist is he successfully demonstrates how to garner product placement, by cleverly gaining corporate sponsors to fund the very movie (while filming the entire process) being made. Effectively, the movie becomes a ‘how to’ documentary for anyone looking to find corporate support, while also questioning the notion that Hollywood is ‘selling out’.
Now as those of us who are in tune with the world of marketing know, product placement has been around for a long time, and will continue to be part of the world in which we live for the foreseeable future. That being said, while Spurlock’s film does a good job of educating the masses about product placement and how marketers choose to advertise their product, here at Performance Research, the film nudged us to think more about the effectiveness of this tool. This meaning, does product placement work?
Of course, without conducting specific studies into the value of product placement little can be verified, but we do believe many of the same rules we apply to event sponsorship also apply to product placement. The brand must activate and engage the viewers, just like they would attendees at a sporting event or during a mobile marketing unit tour. In doing so, product placement has the potential to become a fruitful form of advertising, reaching the masses, while possibly creating a desire for the product you are pitching.
Spurlock’s movie certainly created a buzz regarding this subject and we imagine it will grow when the film is released nationwide in April. We look forward to watching it again in the spring and in the meantime we will keep our sponsor eye looking for great activation of product placement in film and television.