Accepting bids for sneaker sponsorship deals
(Kinda) big news in NBA and sneaker culture circles this week with the news that the Toronto Raptor star Kawhi Leonard has reached an agreement to become a spokesperson for the New Balance sneaker company, part of the venerable brand's strategy to compete in the basketball sneaker market.
Per ESPN reports, Leonard will receive north of $5M per year to rep New Balance, a figure that places the deal in the top 15 or so most lucrative NBA player sneaker endorsement deals. Nice bit of change for sure.
The announcement reminded me of something I'd been thinking about for some time. Namely, why can't 'normal' folks get access to or at least be considered for these kinds of sneaker, (or any kind of footwear or apparel) deals as well?
For example, take your humble correspondent here. In the last several months I have acquired several pairs of Greats Brand shoes to wear to events, conferences, speaking engagements, etc. These shoes are awesome. Stylish, comfortable, reasonably priced when compared to so-called 'designer' fashion sneakers. They are the bomb.
You'd think with all this glowing praise I am heaping on Greats, that I have some kind of sponsorship or endorsement deal with the brand. In fact, I do not. But that is the point, or the question I suppose. Why shouldn't I have an endorsement deal with Greats, (or Brooks Brothers, which is the only kind of suit I wear, or Adidas, of which I have about way too many pairs to count).
It's not as crazy as it seems. Read about how many marketers are moving away from expensive agreements with social media 'stars' with huge (often fake) followings, and engaging more with what has been termed 'micro-influencers' in their marketing and branding programs.
So why can't I, or you, be one of these 'micro-influencers?'
The answer is you sure can be. Or at least I can be anyway.
So Greats or Brooks Brothers or Diet Dr. Pepper or Adidas or Miller Lite (don't judge), I am available. If Kawhi is worth $5M per year to New Balance, I figure I've got to be worth what, half that?
Hit me up...
Have a great weekend!