The Social Media Playbook: What Makes Football Ads Worth a Fortune?
Dionysios Zelios
Chief Growth Officer @ Data Talks | Author 'More supporters. Superior sales. Real revenue: 4 fundamentals of selling tickets and merchandise'
Picture this: You’re scrolling through Instagram and suddenly, a post from your favorite football player catches your eye. It's not just a picture of them on the field; they’re holding the latest sports drink, and the brand’s logo is front and center.
Ever wonder how much that post is worth and why?
Let’s embark on a journey to uncover the secrets behind the value of social media advertisements in football, as revealed by a fascinating study from Matteo Balliauw, Evy Onghena, and Simon Mulkens.
The Magic of Followers: Why Size Matters
Imagine Cristiano Ronaldo posting a photo of his latest Nike boots to his 400 million followers. The sheer number of people seeing this post is staggering. It’s no surprise that more followers mean higher value for advertisers. The study shows that follower count is a critical factor in determining the value of social media ads.
Example: When Lionel Messi endorses a product, his massive follower base ensures that the advertisement reaches a global audience, making each post incredibly valuable.
Facebook vs. Instagram vs. X (Twitter): The Battle of Platforms
Which platform reigns supreme for sports advertisements? The study found that Instagram and Facebook are the top contenders, leaving Twitter in the dust. Why? Instagram and Facebook offer better engagement and reach, making them prime real estate for ads.
Example: Think of a vibrant Instagram story by FC Barcelona featuring their new training gear. The visual nature of Instagram makes it perfect for showcasing such content, ensuring high engagement from fans.
Performance on the Pitch: Winning Hearts and Minds
Ever notice how advertisements featuring top-performing players or winning teams seem to pop up more frequently? That’s no coincidence. On-field performance boosts the attractiveness of social media posts, making them more appealing to advertisers.
Price Sensitivity: Finding the Sweet Spot
While having a large following and a top-performing team helps, pricing is also crucial. Advertisers are price-sensitive and seek value for money. The study highlights that more affordable posts can attract more advertisers, balancing cost and exposure.
Example: A mid-tier football club offering competitive rates for their social media posts can attract a diverse range of advertisers, leveraging their growing follower base without breaking the bank.
Duration Matters: The Longer, the Better
How long a post remains visible also affects its value. Longer visibility means more eyes on the ad, increasing its worth to advertisers.
Example: A pinned Facebook post promoting a team’s merchandise stays on top of the page, gaining continuous visibility and engagement, making it a high-value spot for advertisers.
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The Playbook for Maximizing Social Media Value
So, how can football clubs and players turn their social media into a goldmine? Here are some strategies drawn from the study:
1. Grow Your Follower Base: Regularly engage with fans to increase your followers. More followers mean higher ad value.
Example: Behind-the-scenes content, Q&A sessions, and interactive polls can help clubs and players boost their social media following.
2. Choose the Right Platform: Focus on platforms that offer the best engagement rates. Instagram and Facebook should be your go-to channels.
Example: Use Instagram’s visual storytelling features to highlight key moments, products, and partnerships.
3. Leverage On-Field Success: Capitalize on victories and stellar performances to enhance the appeal of your social media posts.
Example: Share highlights and celebratory moments prominently to attract brands looking to associate with success.
4. Smart Pricing: Offer tiered pricing options to cater to different advertiser budgets, ensuring a wider range of sponsorships.
Example: Create packages that vary based on post duration, engagement metrics, and platform choice.
5. Maximize Visibility: Ensure posts have a longer shelf life on your social media channels to increase exposure.
Example: Pin important sponsored posts to the top of your Facebook page for extended visibility.
Understanding what drives the value of social media advertisements can help football clubs and players maximize their online presence and revenue. By focusing on follower growth, choosing the right platforms, leveraging performance, and smart pricing, they can turn their social media accounts into valuable assets.
So, next time you see your favorite player promoting a product, remember the intricate playbook behind that post. And who knows? You might just unlock the secrets to your own social media success.
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Source: Balliauw, M., Onghena, E., & Mulkens, S. (2022). Identifying Factors Affecting the Value of Advertisements on Football Clubs’ and Players’ Social Media: A Discrete Choice Analysis. International Journal of Sports Marketing and Sponsorship.