The only
person who seemed to be a little unhappy with Watson’s tweet was CNBC’s Dan
Rovell. When learning of Watson’s tweet, Rovell responded “Pic would make this
a more valuable sponsorship”. Rovell has rightfully earned a large Twitter
following because of his insightful posts on a variety of different sports
topics. He has taken advantage of new social media outlets because he quickly
saw the value in relating to fans in short and frequent content bursts.
Yet, his response
to Watson’s Tweet reflects an old way of thinking about the value of
sponsorship. Why exactly would a picture of Bubba Watson increase the value of
the sponsorship? As any Twitter follower knows, its best (and some would say
worst) feature is that it allows you to express unfiltered opinions quickly to
a large audience. Having the ability to hear from an athlete on a frequent
basis and without having him/her go through traditional press or public relations
outlets is one reason that sports fans love Twitter. Making Bubba take a
picture at Chipotle could appear that his love of the quick serve restaurant
was part of larger, coordinated PR campaign rather than his own feelings. The
lack of perceived lack of authenticity would mitigate the benefit that a
spontaneous post provides to Watson and Chipotle fans.
From a narrative point-of-view, Rovell
could state that it is possible to question that Watson actually loves Chipotle
or attended one of its restaurants even if he ate five days in a row. Perhaps,
he was just on a southwestern food kick because the U.S. Open was being played
in California. A picture would confirm his passion for Chipotle burritos. Yet,
one only has to do a quick Google search for Bubba Watson and Chipotle to
discover that Chipotle is one of the options he is considering for next year’s
Champions Dinner for the Maters. It would be hard to believe a picture of
Watson eating a burrito would be necessary to confirm how much he loves
Chipotle.
Finally, one could examine this
Tweet from a revenue perspective. Would adding a picture really add economic
value to Watson’s comments? Chipotle received an increase in brand awareness
and brand perception from Watson’s fans by the Tweet. In addition, it is
possible that Chipotle received new customer visits from the Tweet as Watson’s
fans may have wanted to follow the culinary lead of one of their favorite
golfers. Would Watson’s followers be more or less likely to attend Chipotle if
they saw a picture of him eating a burrito rather than just reading about him
going five times in a row? We find this to be very unlikely. The point of this
Tweet is that Watson loves Chipotle so much that he ate the food five nights in
a row. Do people really need to see him doing that to understand how awesome
Chipotle is or his love of the Brand?
One of the biggest challenges of
sports sponsorship today is coming up with approach to value its inventory. In
the past, organizations have used pictures of sponsorships to prove the value
they are delivering to corporate partners in what is generally referred to as
the recap process. Block Six Analytics proprietary
Corporate Asset Valuation Model goes beyond showing pictures of a sponsorship
to demonstrate value to corporate partners. Instead, we examine how sponsorship
can increase revenue and meet partner goals through targeting specific
demographics and focusing on specific channels. Being able to target younger
consumers through an organic Twitter post would drive significant value to Chipotle
whether or not a picture was included.
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