
Creating Ownable Properties
Author: Mark Harrison
President & CEO, TrojanOne
July 19, 2004
Engaging consumers through sponsorships and event
marketing has become a strategy of preference for the savviest of
brand marketers. Everyday, more marketers are realizing measurable
returns by aligning their brands with the passions of their consumers.
From grass roots soccer to cancer walks, marketers are creating
lifelong bonds with their consumers.
But as more marketers understand the benefits of sponsorship and
event marketing, its very success presents a hurdle. It is almost
the NASCAR effect. What went from a clean, uncluttered affiliation
has become a sea of logos and diminished impact. Today there are
bidding wars for sponsorship of key age groups, in youth soccer!
However, there is an approach that you can utilize
to create a distinctive presence in the market and achieve OGSM
(Objectives, Goals, Strategy, Measures) commitments. We call it
Creating Ownable Properties.
Creating an ownable property is not a new approach,
but it is one that many marketers have been reluctant to tackle
due to perceived risks or perhaps uncertainty on how to begin. This
is surprising given the opportunity for greater return on investment,
stronger linkages to consumers, and truer brand integrity than traditional
sponsorship.
In its purest form an ownable property is any
event where the client is the owner and has complete control over
locations, venues, scheduling, content, marketing, and sanctioning
of the event. This could be anything from a proprietary concert
series to a golf tournament to a fundraiser. In effect, the marketer
becomes the league, the association, or the charity.
The
concept of an ownable property can be expanded to include assets
or affiliations with existing properties, it can be an event or
activity which is proprietary to the client but lives within an
existing sponsorship; not between periods contest or an in-game
promotion, but rather something the client has developed and has
the legal right to any venue.
To simplify let us think of ownable properties
on three levels:
- Proprietary: event is created and owned by the client with
little or no external sanctioning or partnerships.
- Affiliated: event is created and owned by the client but utilizing
the assets of a sponsorship or association.
- Programming: event is created and owned by the client but it
lives within a larger event or sponsorship.
Examples of Proprietary events would include Nike’s
RUNTO or Clean & Clear’s Best Friend Challenge high school
basketball event. An Affiliated property would be the Esso Legends
of Hockey which featured partnerships with the Hockey Hall of Fame,
NHL, NHLPA and NHL Alumni; Family Channel’s Snow Days partnering
with community Parks & Recreation departments, or BC Hydro’s
Generation 2010 event that leveraged their association with the
Olympic bid. Programming would be SuperPages proprietary Event Center
which attends events ranging from the F1 race in Montreal to the
Merritt Music Festival in BC or Powerade’s Thirst for Soccer
which attends dozens of youth soccer tournaments from Halifax to
Nelson.
In
each of these cases the marketers listed have not simply spent money
to buy a sponsorship and sat back to observe. Rather they have utilized
a strategically disciplined approach to determine what interests
and motivates their consumer and how to create an idea that capitalizes
on that and builds their brands. Think of it as a “Platform”
approach.
I use a pyramid model (see diagram) which is comprised
of three levels. At the top we want to establish LEGITIMACY for
the property. If we are developing a property that is an extension
of a high profile sponsorship, that can provide legitimacy. If it
is a stand-alone property we can either get legitimacy from the
brand attributes or by utilizing authentic stakeholders to design
or create the event.
With the second level we wish to create PROMOTIONAL
ASSETS for the property. This ranges from the marketing of a property
such as an event web site to potential retail promotional support
such as tickets or merchandise prizes from the event. A key component
of this strategy area is to build and implement a string PR campaign.
The third or base level is the GRASS ROOTS level.
This is where you will get to your masses and could include promotional
activities, regional qualifiers for events, the “stops”
of a tour, etc.

As a marketer you need to assess whether you want
to build a property or external an existing sponsorship or develop
something completely on your own. Every situation will be different.
But at a minimum you need to build something ownable.
If you are just sending your cheque and your logo CD off to a property,
then you are wasting shareholder’s money. If you really believe
it makes sense then I suggest the next time you buy 30 second ads
on a national television network, you tell the station to do the
creative for you!
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