Sponsorships and branding

I recently went to an auto race in Utah and I was intrigued by all of the sponsorships.  On every car... well almost every car there were a grundle of sponsorships.  The teams themselves are supposedly extensions of bigger brands/owners.  There is the Michael Jordan Racing team, complete with the Jumpman logo and everything.  The National Guard is a sponsor for that team along with Gatorade, Upperdeck and Hanes.  All those brands have jumped on board all to be part of the man MJ.

Sponsoring is rough way to go when you think about it.  It fairly ineffective way to spend marketing dollars and you really never know what you're going to get as far as returns.  Even worse than that you really can't measure any of it.  Every once in a while you hit a homerun when you line your brand up with a relevant event or product.  I look at some of the classics that have been successful and they make sense.

Gatorade - Has done a great job with associating itself with sports and leagues.  NBA, NBA, High School Athletics.  This is great sponsorship dollars.

Coke - Pumping billions into the Olympics is incredible but there is a reason why it is the global drink of choice.  (Even though they have a different formula in Mexico... they use real sugar and it's better!)

Nike - College football teams.  If your team wears Nike apparel you know you have a good thing going.  This extends beyond just the unis, the apparel is going to be quality also.

Under Armour - The NFL Combine.  It is the perfect showcase for UA.  The training and the venue is right on.

Mountain Dew - The Dew Tour.  Young, adrenaline kids showing off with loud music and disregard for society... well done.

Social commentator/film maker Morgan Spurlock the man who brought us Super Size me has a new movie "The Greatest Movie Ever Sold" coming out in which he had sponsors pay for all of it by using ad placement.  He even got Pom the Pomegranate drink to purchase the naming rights to the movie.  It looks fascinating and kind of puts things in perspective.  How effective placement and sponsorships can be depends completely on the product and the associated brand.  The Sprint Cup doesn't seem like a great marriage nor does Energy Solutions Arena but spending money and sponsoring can certainly get your name out there.