![]() |
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
|
#1
|
|||
|
|||
![]()
"RichZ" wrote in message
... Craig wrote: n what people believe a sponsor is suppose to do. There is no hard and fast definition of what 'sponsorship' entails in the fishing industry, so a sponsor's only obligation is to fulfill its responsibilities under the contract negotiated between the two parties. Same as the angler's obligation. 95% of the boat "sponsorships" are really nothing more than memo-bill deals. On reality, anyone running a memo-billed boat is nothing more than a very low volume boat dealer for that manufacturer. When it comes to rods, reels, lures, etc., truth be told, there should be a delineation between "product sponsored" and "paid" anglers. At the local/regional level, there are some guys who get lures for wholesale or distributor cost and call that a sponsorship. Other guys get product free. But it's really only in the upper third or so of the "pro" populace that you get into guys who have contracts that involve payment of cash, entry fees or expenses. Even at that, I wonder about the effectiveness of those deals for the sponsor. Take a mid-level guy who has fished 2 or 3 classics over the past decade, and has maybe one or two BASS or FLW wins to his credit. Depending on how good he is at marketing himself and how much extra work he's willing to put in, he might be getting 500 to 1000 a month from 3 to 5 larger sponsors, and 100 to 500 from the little guys. If he is aggressive in marketing himself, he can cover his expenses at that rate. He'll have to generate some winnings to actually make a living though. But is the sponsor paying him a grand a month getting its money's worth? 90% of the fishing tackle sold in this country is sold either through distributors or at the distributor price level. That means the mfg gets about 2.25 for that $5 spinnerbait. Which means that mfg, packaging, etc. cost him somewhere between a buck and a buck and a quarter. Which means that each pro he gives let's say $750 a month to, must increase his sales by about 9000 spinnerbaits a year JUST TO COVER HIS BASIC COST, before he ever put an extra nickel in his sponsor's pocket. The sponsor is in business to make money. He SHOULD be able to get at least a 40% return on that sponsorship, shouldn't he? Well, unless that pro somehow incrased his sinnerbait sales by 12,000 units or so each year, he's not. Rich, I only partially agree about your assessment. First I think we both agree that sponsorship of any kind is just another form of advertising from the persepctive of the sponsor. I'm also pretty sure you will agree that companies advertise when they need to increase sales, or if competition is cutting into their sales to save sales. Now here is the part that you may not agree with which leads to where I do not necessarily agree with your assessment. Advertising does not necessarily have to lead directly to sales. Advertising can increase product awareness. For example. If a person is shopping for spinner baits, but has never heard of Secret Weapon Lures they are no more likely to buy it than any other spinner bait they see hanging on the shelf. They certainly won't buy it if it isn't even on the shelf. Now if that same person has heard me say I won big fish at the season open for ABA on a Secret Weapon Lures spinner bait they might atleast be partially more likely to buy it. That is the secondary benefit. 99 out of those 100 anglers that heard me make the statement when they handed me the microphone at that tournament will not run out and buy one. One might just because he buys anything somebody says is wonderful. On the other hand, when those other 99 are in Sportman's Hide-A-Way looking to restock on spinner baits and they see them hanging prominantly on the pegboard next to others they are much more likely to pick one or two or even restock their whole collection with that brand. Not one of those anglers are likely to say they bought it becasue of me, but they now recognize the name when they see them. In addition, Lannie at the store is going to stock them because I went in there and handed him a couple. I went the extra mile to show him what was different about them, and I was there when he called Joe, so I could make a telephone introduction. In addition, every guy I have fished with since I started using those spinner baits has one in his tackle box now. None of those guys will run out and buy becasue I said so. They will recognize the name when they see it though. They might even give a second look at the quick change blade system, and the swing away no trailer hook needed design. A sponsor needs to evaluate the big picture. Even at the outrageous price, they could probably get exposure to more people per dollar spent by putting a 30 second advertisement on during the Super Bowl. They also have to look at the quality of the exposure. The dollar spent per angler exposed to the product is probably considerably less than by putting Dave Willhide (the regional director for ABA) on the prostaff, or giving me a couple free spinner baits to make up for those I gave away. Now before one person accuses me of spamming for Secret Weapon Spinner Lures. I am not on their prostaff. I do not work for them. Joes has not given me any free spinner baits, although he did say he would replace those I gave away. I dd not list their website on this post, but anybody who is interested can find it easily enough bydoing a Google search or evne asking in this newsgroup. So, in conclusion. I agree that advertising must be cost effective. I disagree in how the numbers are measured to determine that. I also add these: 1. If you can't produce fast enought to meet sales stop advertising. Unsatisfied customers are bad advertising. 2. Advertsie, promote, and sponsor when you need to increase sales. 3. Increasing sales will never make an inefficient operation better. Bob La Londe Yuma, Az http://www.YumaBassMan.com Promote Your Fishing, Boating, or Guide Site for Free Simply add it to our index page. No reciprocal link required. (Requested, but not required) |
#2
|
|||
|
|||
![]()
Advertising does not necessarily have to lead directly to sales.
Advertising can increase product awareness. Seems like product awareness leads to sales, and it doesn' t matter if it is that day or a few days later. It still increases sales. Ronnie http://fishing.about.com |
#3
|
|||
|
|||
![]()
There are so many different types of "sponsorships" that you could talk
about them till the cows come home...it's all about advertising, and participation. It's the participation that makes the difference for the majority of anglers that have not hit the top in the sport yet, but are still sought after by many of the various companies in the fishing industry . My son does very well with his sponsors, but he participates...does the shows, helps with catalogue layouts, lure and rod designs, accepts interviews, and promotes the sponsors products when it's appropriate. In several cases he is on staff with the sponsors management. In return he is rewarded (paid) in different ways, he has signature rods and lures that provide income, he has entry fees paid, and is supplied with product. He also receives bonuses for tournament wins...the larger the win, the larger the bonus. There are also outright payments for "advertisements", and show appearances. John understands that the sponsor is in business to make money, and for him to participate in any profits that company enjoys, he must contribute to those profits. In short...you are paid in accordance to your "work", not too different than any other "job" g. JK |
#4
|
|||
|
|||
![]()
Very well put John.
Being sponsored means that you work for that company - no different from any other job, with the exception that you get to work for a variety of employers (as long as there is no conflict-of-interest issues), and that you are pretty much guaranteed to be enjoying what you do. How much you get paid is directly proptional to how good you are, and how you work. DK "John Kerr" wrote in message ... There are so many different types of "sponsorships" that you could talk about them till the cows come home...it's all about advertising, and participation. It's the participation that makes the difference for the majority of anglers that have not hit the top in the sport yet, but are still sought after by many of the various companies in the fishing industry . My son does very well with his sponsors, but he participates...does the shows, helps with catalogue layouts, lure and rod designs, accepts interviews, and promotes the sponsors products when it's appropriate. In several cases he is on staff with the sponsors management. In return he is rewarded (paid) in different ways, he has signature rods and lures that provide income, he has entry fees paid, and is supplied with product. He also receives bonuses for tournament wins...the larger the win, the larger the bonus. There are also outright payments for "advertisements", and show appearances. John understands that the sponsor is in business to make money, and for him to participate in any profits that company enjoys, he must contribute to those profits. In short...you are paid in accordance to your "work", not too different than any other "job" g. JK |
#5
|
|||
|
|||
![]()
If a fishing TV host goes to a lodge and plugs it in his show is the lodge
considered to be his sponsor? What would be the extent of it...like free accomodation for him and hsi production staff...or what ? |
#6
|
|||
|
|||
![]()
"RGarri7470" wrote in message
... Advertising does not necessarily have to lead directly to sales. Advertising can increase product awareness. Seems like product awareness leads to sales, and it doesn' t matter if it is that day or a few days later. It still increases sales. Ronnie Ultimately you are correct. I guess my distinction is that advertising / promotion of any kind may have benefits that are awfully hard to credit directly to the advertisement. In my example, if Lannie has SWs on the shelf he will sell some. If people recognize them he will sell more of them. Who gets the credit for the sales? -- Bob La Londe Yuma, Az http://www.YumaBassMan.com Promote Your Fishing, Boating, or Guide Site for Free Simply add it to our index page. No reciprocal link required. (Requested, but not required) |
#7
|
|||
|
|||
![]()
I agree with your above assesment in reply to RichZ Bob. A big part of
sponsorship is logo recognition. Just having your logo on a big pro's shirt & your lure on a line or two of his inevitably sells a bunch of baits for you. THINK WHAT kvd 7 brauer have done for Strike King's sales etc... Warren "Bob La Londe" wrote in message ... "RGarri7470" wrote in message ... Advertising does not necessarily have to lead directly to sales. Advertising can increase product awareness. Seems like product awareness leads to sales, and it doesn' t matter if it is that day or a few days later. It still increases sales. Ronnie Ultimately you are correct. I guess my distinction is that advertising / promotion of any kind may have benefits that are awfully hard to credit directly to the advertisement. In my example, if Lannie has SWs on the shelf he will sell some. If people recognize them he will sell more of them. Who gets the credit for the sales? -- Bob La Londe Yuma, Az http://www.YumaBassMan.com Promote Your Fishing, Boating, or Guide Site for Free Simply add it to our index page. No reciprocal link required. (Requested, but not required) |
Thread Tools | |
Display Modes | |
|
|