In some countries, athletics, athletes and athletic teams are supported directly by the central governments. In effect, in those countries, the athletes are employees of the state. In most countries, the governments provide indirect support in the way of training facilities and other infrastructure. For athletes who do not receive direct aid and sponsorship from their governments, but still aspire to participate in the Olympics, representing their country, corporate sponsorship is vital.
For the International Olympic Committee, as an organization and owner of the Olympic sport events for winter and summer sports, at least 40% of their operating funds come directly from Olympic sponsorships. Exposure for sponsors of the Olympics is worldwide with televised coverage of Olympic sport events and activities between various countries seen by tens of millions of people every day.
Sports Marketing and Sports Sponsorship During the Olympics
Because of the exposure the brands of an Olympic sponsor receive worldwide, this is the most expensive type of sports sponsorship. It is also by far the most valuable for any sponsor with the marketing budget to support official Olympic sponsorship. Olympic sponsorship opportunities exist for Winter Olympic Games and Summer Olympic Games. Corporations have a wide range of options for sponsorship. They may sponsor facilities, teams, individual athletes, national Olympic organizations or the International Olympic Committee itself. Every good type of sports marketing and sport sponsorship is full in the months prior to and during the Olympic games.
Advertisements are often timed to key events and performances. This allows sponsors to maximize brand association with the passion of the moment when a national team achieves some milestone. Every conceivable product type does its best to be associated with the Olympics, the national Olympic teams and the top athletes within the teams.
Uniforms of Olympic athletes have limited space for sponsorship patches worn during competition. Rules for sponsorship are very strictly enforced during the Olympics. The uniforms have a space for which only the athlete may choose what patch is worn. Other locations on uniforms are dictated by the national Olympic team governing body.
As long as an athlete has qualified for the Olympics, they may train separately if they have sponsorship sufficient to cover the cost of individual training. This training, separate from the facilities offered by each national Olympic team is monitored by Olympic officials.
The Olympic Partnership Program – TOP
Corporations desiring an International Olympic sponsorship participation are required to enter into four-year contracts. All Olympic sponsorship contracts are managed by the International Olympic Committee. Corporate sponsors also join as members of the official Olympic Partnership Program, called TOP. Olympic sponsorship contracts stipulate the rights and obligations of Olympic sponsors. Funds from the TOP program help support critical but non-athlete members of Olympic teams. Corporate sponsors, as members of The Olympic Partner Program have exclusive Olympic symbolism rights for use with their products. They also get broadcasting time advantages and promotion by the Olympic organizations acknowledging their corporate sponsorship.
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