The love for sports is global, but the ability that the National Basketball Association has shown in growing into such a global force cannot be attributed solely to the fact that people love the sport. It has a lot more to do with some serious marketing brilliance on the part of the NBA.
The NFL may still have the upper hand in the numbers for general season income and attendance, but with the growth trends in the NBA in the last decade, it is little wonder they have the NFL looking over their shoulders
The NBA has positioned itself for global dominance and there is no reason you cannot steal a page from their book. Here is how you can position your brand with some amazing marketing;
1. Develop line extensions for your brand.
The creation of the WNBA (Women’s National Basketball Association) in 1996 was a savvy marketing move that kick-started the explosion in women’s support for the NBA in general. This came at a time when women’s interest in the sport was largely non-existent.
The NBA has since created other extensions like the NWBA (National Wheelchair Basketball Association) and also the creation of extensions like NBA-China which has seen the NBA start generating almost $550 million in revenue per season from China.
Your business may not have the manpower to go this length, but a simple creation of different social media handles and pages that create a niche within your brand that addresses a specific desired market is a step in the right direction.
You may not be able to set up shop in a different country, but with the innovations in digital marketing, you can create, an “X stores/China” or “X stores/women” on diverse social media and employ target marketing to reach the desired untapped mar […]