Thursday, October 18, 2012

Digital Platforms: Is Power Shifting From Business to Consumer?


GMS

The implementation of new digital media and technologies has altered the way in which the sports industry, in general, handles business. Everything from the way sports are produced, marketed, delivered and consumed has had to adapt along with the ever-changing industry. This has left many sports marketers fighting to find new ways of connecting with their audience though campaigns and sponsorship activation while understanding these critical changes happening all around us.

What do these changes mean for sports?
I think it’s very clear that the sports audience is growing very rapidly as a result of digital media outlets allowing us to be constantly connected to sports. Gate revenues are decreasing as a result of new technologies transforming out-of-stadium experiences to trump the more traditional in-stadium experience. Athletes now have complete control over how the public views them and their respective social media platforms usually determine many endorsement deals cutting out the need for a “middle man”. Social media has “humanized” athletes and in doing so, the ownership of “the message” is no longer filtered through brands, teams or agents but is now equally managed and communicated though the athlete, fans, marketers, brands and teams. The notion that sports agents could possibly be of no use to athletes is also not far off. Because athletes own their own brand, they are able to connect and engage with their fans and no longer need agents or media companies to deliver messages for them.  Because of this radical shift of “who is in control”, I wouldn't be surprised if major broadcast media companies like ESPN or major sports agency’s like AEG, no longer held the power in broadcasting and marketing sports to the public.

What does this mean for those working in sports marketing and media?
All of these factors simply mean that individuals currently in the sports marketing industry are going to have to learn how to market digitally, they have no choice. Facebook, Twitter, Pinterest, mobile devices and broadband connections are the new “traditional media” platforms and they aren't going anywhere anytime soon. Traditional media, however, hasn't gone anywhere either. Sports marketers now-a-days have to successfully launch a campaign or activation across multiple platforms at the same time.  Content delivery and fan engagement are changing and it’s not uncommon to see someone watching a live game broadcast on TV while interacting with a wireless device. What will prove to be difficult for these marketers, is their ability to identify and evaluate the various ways each campaign is delivered across multiple platforms. The way in which marketers engage with a TV audience is completely different then the way you would communicate with an online or social media audience. It will become somewhat of an art for marketers to successfully market across many different platforms using a single campaign or activation plan.

How can sports marketers use this information to make better marketing decisions?
One extremely positive aspect surrounding the digital platform is its ability to capture vast, extensive and important data associated with online activity. Sports marketers are able to collect this data and use it to their advantage when implementing digital marketing campaigns. They can use this data to pin point effective and non-effective locations and methods for delivering content to a specific target audience. For example, when trying to come up with a marketing campaign around the super bowl it would be extremely helpful if you had access to information regarding fan bias around the country. You wouldn't want to waste your time activating a sponsorship that favors The Patriots in a geographical location that might favor The Giants… lucky for sports marketers, location based services in cell phones allow data to be collected that assists them in these important dilemmas. Another positive aspect for them is their ability to communicate directly to the fans. Guaranteed authentic consumer feedback is a great feature within this new digital world. Social media allows marketers direct conversation with their target audience. If a marketing campaign goes awry it’s almost guaranteed that people will talk about it on Facebook or twitter. It’s important that marketers have this access because they are able to re-evaluate the campaign, pin-point where it went wrong and correct the issues for the future. 

Photo Found here: http://gurumediasolutions.com/

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