Questions

What can a brand do to differentiate itself in a crowded marketplace such as the sports accessory space. Would it be the brand story and brand attributes that are the winning ingredients to win in this hyper competitive market or would it have to be innovation.

As a sports agent and sports business strategist, I understand the concerns and questions you have. I would advise that you first need identify local teams in your market. Then the next task would be to answer the question of how can I pitch my product to a team or athlete? Once have found a team or athlete, let that team or athlete sample the product over a period for free. Please ensure you are able to explain what your product does for the athlete or team in laymen's terms. Don't make the pitch to the team or the athlete anymore stressful than it has to be. Their experience with the product tells a story in itself. Keep in mind Training Mask (https://www.trainingmask.com/) was an unknown product until people started asking what is that mask Marshawn Lynch is wearing on his face during his warm-ups. Under Armor used their network as former students at the University of Maryland to promote and popularize their original product.This maybe an easier task in a smaller market where there are not 4 or 5 professional teams. Teams in markets with only the NBA or MLB or let's say MLS are more likely to have a closer connection to the community, than let's New York, LA, or Chicago where there are 4 or 5 major sport Professional Teams and everyone is trying to get access to those guys. If you are in a large market I would look at MLS teams and their affiliates or MLB teams and their Minor league affiliates. If your product is more basketball or football centric don't be afraid to look at options abroad in Europe to pitch your product. The athlete will tell other athletes about the product. You have a basic narrative on #1 Why your product is innovative and worth the consumers time and money. #2 As I stated earlier the athlete or the team tells your brand story for you. #3 The athletes who utilize the product can also help improve or streamline your product before you go to the consumer with it, through their experience with your product.

Feel free to contact me, I would love to hear more about your product.


Answered 6 years ago

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