07/22/2021
Are you using this opportunity to drive sales? Here are a few tips from Ad Age on how brands should prepare:
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โMarketers will need to be inventive... doubling down on social channels, facilitating shareable moments and utilizing retail pop-ups to bring the spiritโ
โBe wary about appearing too celebratory since many parts of the world are still suffering from the pandemic"
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The cost for brands to work with Olympians on a social level ranges from $10,000 to $250,000
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85% of Gen Zers are fans of the Olympics or are interested in the games; 53% said they are planning to consume Olympics content on TikTok; 77% said they were interested in the competition; 50% said they would be more interested in the Olympics if athletes use the games to stand up for a cause
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โNielsen Fan Insights found that interest levels among women and men Olympic athletes are similar, unlike other sporting categories, including the NBA and UEFA Champions League, where men usually dominate.โ
Source article:
https://adage.com/article/special-report-olympics/5-things-brands-should-know-prepare-olympics/2348866
The lingering pandemic, divided public sentiment and the organizer's rules are hurdles for marketers.