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Making
NASCAR Sponsorship Work For Teams
Cope, Robinson build Busch Series business model
right way
DAYTONA
BEACH, Fla. As Derrike Cope walked into Daytona International
Speedway this week, he was greeted a little differently than some
others.
After all,
there arent a lot of Daytona 500 winners in the field for
Saturdays NASCAR Busch Series race at the famed 2.5-mile
speedway; for that matter, there arent that many in the
field for Sundays Daytona 500.
Success on
the track coupled with Copes popularity among fans nationwide
his pleasing demeanor and outgoing personality notched
him a few years as a national television analyst in addition to
his driving career makes him one of the top untapped sources
in the NASCAR garage.
Untapped,
that is, as a marketing source.
Sponsorship
is the lifeblood of the racing business, plain and simple,
said Cope, a Spanaway, Wash., native.
A driver
or a team who remembers that is one that is going to generally
be successful. Lets face it. As expensive as this sport
is, you need the financial backing to be competitive. To get the
financial backing, you have to have something pretty strong to
give a corporate sponsor, a way for them to make money from that
association, Cope said.
I think
a lot of teams and drivers have forgotten that.
That line
of thinking putting the sponsor first has worked
well for Cope throughout his career, and is working in his NASCAR
Busch Series relationship with owner Jay Robinson, a veteran two-car
owner based just outside of Charlotte, N.C., in Indian Trail.
Ive
never had a sponsor or talked to a sponsor who had worked with
Derrike before who wasnt absolutely delighted with him,
said Robinson, who counts multi-corporate Wythe Industries among
his sponsors.
Derrike
gets it. Im not sure a lot of drivers coming into the sport
these days do, but Derrike gets it. These corporations are looking
for a way to make their marketing dollars work and race
teams have to help them find that, Robinson continued. If
you do, then you have a great relationship for a long time. If
you dont, you are going to lose them.
Granted, Robinson
said, sometimes the marketing focus changes for a motorsports
sponsor, or a new person comes into the company who feels another
sport is more advantageous.
You
cant always make it work but if you go into a corporate
relationship thinking the right way, you can usually make it work,
Cope said. People like myself and Jay Robinson, we put our
sponsorship proposals together thinking, How can sponsorship
help this company move product? Too many teams go into these
days thinking, I need X amount of dollars to run. How can
I talk them into paying it?
The
result of the latter a lot of times is a company might come in
and then realize its not getting a return on its investment,
Cope added. So they turn around and walk back out, soured
on the sport and soured on what we all have to offer. If they
are moving product, if they are meeting goals and motorsports
sponsorship is helping and doing its part, then you have a great
deal going.
As race
teams, as drivers, we owe that to the sponsors. Just like we owe
something to the fans, the ones who buy tickets and sit in the
grandstands, we owe it to the sponsors to help them in any way
we can, he said.
Robinson is
considered one of the most savvy business thinkers among car owners
in NASCAR. Cope is considered one of the stronger business minds
among those who wheel stock cars.
Sponsorship
is the base for NASCAR racing at the higher levels, and Jay not
only realizes that but he uses that in his business model,
Cope said. There have been a lot of owners come through
this sport, spend a ton of money and have nothing to show for
it at the end. They come in, spend what they have and then they
are gone, most of the time never to be heard from again.
You
have to have a solid foundation, and Jay has done that with his
race teams, Cope continued. Were moving forward
and using the resources we have pretty wisely. Our hopes are that
we can keep building, continue moving forward and get even more
competitive.
The
thing about Jay is he can take one dollar and make it look like
he has two. A sponsor spends a dollar with Jay and get three dollars
in return, Cope said. Were not the richest team
out here by far, but you look around at what we have been able
to do and what we have been able to accomplish, and you would
think were doing pretty well.
With
the financial backing of some of the top teams out here, I really
believe Jay would have his teams right at the top of the charts
every week.
Cope, a native
of Spanaway, Wash., is a former winner of the Daytona 500 and
a two-time NASCAR Nextel Cup race winner. A top athlete whose
professional baseball career was cut short by a knee injury in
college, Cope has become one of the top athletes in NASCAR racing,
and has become one of the top public spokesmen for the sport.
Jay Robinson
Racing, in its fourth season of operation, is one of the fastest-growing
teams in NASCAR. Robinson, a Charlotte, N.C., native who is a
successful businessman, founded the team as a high-value endeavor
that offers high-end equipment and efforts, while proving to be
one of the most cost-efficient teams in the sport. Robinson fields
two sponsored cars fulltime on the Busch Series.
Related
Links:
Derrike
Cope Fan Club
NASCAR
- Drivers - Derrike Cope
Derrike
Cope News
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