Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Nascar: a branding success essay
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Nascar: a branding success essay
The National association for stock car auto racing (NASCAR) has faced multiple challenges since its inception. Many of these challenges were overcome due to their strong marketing strategy and brand image (Ferrell & Hartline, 2014). Nascar’s branding strategy is based on branding and co-branding with sponsor companies (Levin, Joiner & Cameron, 2001). The impact of this on consumer attitudes and recall is something that has been studied for effectiveness. The combination of traditional advertising combined with sponsorship seems to be the most effective strategy (Levin, Joiner & Cameron, 2001). This works hand in hand with its overall marketing strategy. Nascar offers the widest array of products and merchandising opportunities to boost its
Barrel racing is categorized under the sport of rodeo and is most likely to be associated with the Women’s Professional Rodeo Association and the National Barrel Horse Association. The sport of rodeo also includes bull riding, team roping, and tie down roping and can be mostly associated with the Professional Rodeo Cowboys Association. Even though the sport of rodeo in mainly dominated by men, barrel racing is the biggest outlet for women to show their skills in such a male dominated sport.
Why are Super Bowl commercials important and popular in American culture? The Super Bowl is historically known for having high viewers. There is an average of 112.2 million viewers watching the game (Marketing Charts). Americans are anxious to watch this televised game because there are many high profile companies that broadcast their new commercials and upcoming products. Most of these advertisers are portraying their products as a luxury or as a necessity in the everyday life. Advertisement companies influence buyer’s choices by portraying their luxurious products as a necessity. It is evident and clear that consumers acquire products that enhance their image and prestige. In other words, “products were made to appear not only desirable, but absolutely necessary” (Maasik and Solomon 177). Audi for example, is known as a German brand associated with lavishness and prestige. Therefore, Audi successfully influences consumers to link the purchase of their exclusive and classic vehicles to acquiring a high status symbol. Audi’s commercials use real-life examples in order to connect with their audience. As Solomon mentioned, “If the American dream encourages the desire to “arrive,” to vault about the mass, it also fosters a desire to be popular, to “belong” (545).” According to Solomon many populist commercials transform products into signs of belonging and usually appeals working class values (Solomon 545). Audi concentrates in producing ads with scenarios because they want their audience to specifically imagine themselves driving the vehicle at the moment that they are watching the commercial. For example, the television ad presented on the Super Bowl (2013) by Audi, “Prom,” suggests the importance of attaining a product that is lu...
..., M. A., Kerr, G.E., & Powell, I. (2012). Advertising and promotion. An integrated marketing communication perspective. North Ryde, N.S.W.,Australia: McGraw-Hill Aust. Pty. Ltd.
The perceived and actual benefits by engaging in non-traditional marketing tactics such as sponsorship are well documented. Broadcasted events utilise sponsorship as a brand exposure opportunity capable of providing brand integration, which advertising scholars illustrate as the ‘inclusion of branded products or identifiers through audio or visual means within mass media programming’ (Wiles and Danielova, 2009; pXX). Existing research supports the theory that sponsorship enriches corporate image and consumer response (Javalgi et al., 1994; Stipp and Schiavone 1996, Koo, Quarterman, and Flynn, 2006). Authors hav...
The National Football League (NFL) and NASCAR thrive on sponsors and vice versa. An NFL game is by far the most watched single game event in the country and gaining popularity exponentially worldwide. Their championship, the Super Bowl, is arguably the most watched television program in that particular year. In NASCAR, the Daytona 500 is their “Super Bowl” and is a very large event in its own right. Corporations all over the world jump on these mega advertising vehicles with the hope that their name is popularized which will result in profitability. In many cases, most of those who do buy airtime during NFL games, the Super Bowl, and during the major NASCAR races are very visible names and products that we already know about. Most of the time, these companies are trying to market new products or products that have been enhanced.
Generally when someone mentions NASCAR, one perceives a stereotypical image of mullets, beer bellies, or in easier terms a “redneck.” Societies’ general perception of a redneck is low income, rowdy, no civic interest, and someone who is not very intelligent. Little do they know this image is not exactly what you see at a NASCAR race. NASCAR includes a very wide variety of people. This is not fair for NASCAR fans to be put in this banal category. NASCAR has several non-redneck attributes.
The business of sports is one of the fastest growing industries in the country. All over the world, many people participate as players and spectators in a variety of sporting activities, creating opportunities for the marketing of a company’s goods and services. An important part of the business of sports is sports marketing, which revolves around understanding consumer behavior and motivating target markets to purchase goods and services. Sports marketing at Clemson University has many different aspects ranging from sports and technology and sport law to sponsorship and sports economics.
Brand Image / Loyalty: Coke and Pepsi have a long history of heavy advertising and this has earned them huge amount of...
Marketing may be defined as the process of formulating and implementing the design, positioning in market, advertising, and supply of products and services, and ideas to establish exchanges that are in line with the individual and organization goals (Principle of Marketing). There are several techniques of selling a product in marketing: advertising, selling and distribution of products or services to the customers. The strategy of the marketers is based on attracting potential consumers by making use of taglines, innovative packaging, having celebrity brand ambassadors, and media promotion with promises of fulfilling the needs of the consumers. There are similarly many techniques developed by insurance companies. Progressive insurance is a rapidly growing company leading by innovating. They have the saying “a leader in automotive insurance” (Progressive.com). This paper describes the company and the strategies that are implemented to draw consumers. It also focuses on the brand building of the company through advertisements.
Research revealed the Super Bowl is the most-watched sports event among trucking professionals. More than 60 percent of trucking professionals stop to watch the game. “Smart Business” was identified as the most sought-after factor to re-build the Volvo name. The CLS research team reviewed articles about the trucking industry, the trucking profession, test drove trucks and collected information about Super Bowl advertising and promotions. Research concluded the targeted audience consisted of three million Class 8 over-the-road truck drivers in North America, 229 Volvo Trucks dealerships, 3,000 Volvo Truck employees and the general public. The research appears to be complete in the sense the product and the client were thoroughly researched and the audience was defined.
Nowadays, people engage with brands in a personal way. And content has become the go-to choice for marketing.
For many years sponsorship and sports marketing have been in existence and has now been greatly improved. Hardly can organizers of major events expect to receive some funds without expecting to give something back in return. A couple of years ago, sponsorship could be regarded has more charitable or charitable, but in recent years, that has changed significantly. In the business world there are two main basics of any successful business, the first one is a market, and the second is a demand or customers in this market. These two things at least will sustain any new business nowadays. Many fundamentals come will later in this manner as the market study, place, products, price, promotions, and lots which they improve any kind of business more for higher points. Some main ways of increasing the brand name of any service or product around the world are advertising, and sponsorship. The two companies I am going to discuss are two leading companies in the market the first is an airlines company Emirates, and the other is Red bull the leading energy drink company. Both companies are into sponsorships, and support a big number of team’s individuals in many sport fields, and they are gaining a lot of marketing successes through this strategy. In this essay I will be focusing on sponsorship, and how it is identified as strategic marketing opportunity through the event sponsored, financial gain of the sponsorship or loses, gaps in marketing research between in companies in choosing the right time, place, and who to sponsor in a relation to the profitability later on, also the evaluation of the traditional and digital media for the event sponsored, and the evaluation of the fit between the sponsor- event sponsored. All these through the expl...
During controversies associated with athletes and their brands, relationships between athletes and their fans are crucial to being successful. However, with a high profile crisis such as those like Ray Rice, Tom Brady, Tiger Woods, and many other athletes, relationships between the athlete and fan can become strained and fragmented. With the marketing of an athlete as a brand, fans create and build relationships to connect with a particular athlete. The relationship that fans (also known as consumers) establish with their favorite athlete takes time to mature. Therefore, for fans to build a relationship with a brand (or athlete, which will be used interchangeably) there are certain steps that the brand and the consumer must achieve. According to Bee and Kahle (2006), for a fan to associate with a brand, a fan must 1) have compliance, 2) identify (identification), and 3) internalization (p.105). Within each of the three steps, there are guidelines that both the athlete and fan must meet to achieve success as a brand and relatable for fans. The brand must have 1) social effect, 2) attractiveness, and 3) creditability. The fans, on the other hand, must benefit from and believe the social effect, social anchorage, and creditability (Bee and Kahle, 2006, p.105) of the
‘As a marketer, why wouldn’t you use sponsorship? What better medium is there? With sponsorship, you already have a loyal, passionate consumer following of whatever that sponsorship is, whether it’s music or football or sailing-you already have a connection with the consumer. So if the fan that has the passion for something is the same person that is your customer, why would you not borrow some of that equity and use that as the essence of an idea around which to build your communication ‘Chris Weil, Momentum Worldwide
Therefore, brand managers now have to consider how to react when their brand is talked about by consumers (Campbell et al. 2011). Muñiz and Jensen Schau (2007) argue CGA is relevant to companies because it provides proof of consumer perceptions of brands and their feelings towards the brand. They also argue that CGA is important because they are prime examples of persuasive marketing messages from brand loyalists. Moreover, CGA is only going to increase in frequency. Marketers have underestimated the possible consequences of interactive marketing on the Internet by not considering the influence consumers gain from CGA (Deighton and Kornfeld as cited in Pehlivan, Sarican, and Berthon