Should F1 be doing more to promote itself? Photo: Octane Photography |
I have written about this before and I say it again - Formula 1 needs to invest in its own marketing. Currently, it relies on team sponsors and the local organisers to generate fan interest. And what's most surprising to me is that the sport makes more money than the stakeholders who currently end up marketing it, which means that the stakes are only that much higher for the sport. (Read: Formula One Needs To Market Itself Better)
To me, Formula One Management needs to create a kitty, either self funded (will be a drop in the ocean of the millions of pounds of profit every season!), or funded by the teams (Oops! Yet another investment!) to help run its marketing causes - especially in newer territories like Russia, China, Abu Dhabi, etc. Could the Indian Grand Prix have succeeded if the sport had marketed itself better? I often wonder. (Read: How To Save The Indian GP)
But this is Formula 1 - a sport where unity is tough to find (unless it is to ban helmet design changes - Helmet Ban(ter)!), so the common kitty is like a dream that might not come true. This is where I believe Formula 1 can learn from and emulate Red Bull. The energy drinks company that has invested in various sports globally to showcase its brand (no, I don't mean that Formula 1 needs to invest in other adventure sports!). Red Bull’s Content Pool is what the Formula 1 marketing team (is there one?) should be looking to copy – and copying isn't new to the sport! (Read: Did Bernie Call Mercedes…?)
Should F1 be taking its lead from Red Bull on this? Photo: Octane Photography |
Imagine if videos of Prost vs. Senna, Schumacher vs. Hakkinen, and the other greats from the yesteryears were packaged well and uploaded in a content pool controlled by FOM. Fans, especially the new age ones, would be able to relive those old memories and actually get to see why those drivers were regarded as valiant heroes and champions rather than read about it from a handful of journalists from that era. (Read: Formula One Puts Fans First)
These videos could be used as marketing tools between races. And if FOM is worried that 'free' access to their archives isn't worth their time and money, I don't see why a nominal fee can't be charged for fans to spend hours just accessing older content (yes, one more avenue for Bernie to make money!). If a fan knows that 'Rush' type short format videos are available for viewing, I wouldn't be surprised if more fans tune in to these videos than the modern era of Formula 1 that has failed to generate and sustain fan interest. (Read: Formula Yawn)
Nearly a decade after Twitter was founded (2006), Formula 1 has hesitantly and only just taken to the medium this season - nearly six or seven years after the teams took to it. @F1 does a good job of sharing interesting content from the past (a couple of videos are out already) and some statistics from their newly launched (and charged) live timing controls. The fraternity has rejoiced their arrival on the medium and much like Honda, they've some catching up to do. I am only glad that there's no 'token system' to develop the Twitter handle. But of course, they've ignored Facebook, Instagram and the others. I guess it is time to learn from Red Bull, or just let them come and run your marketing.
A selection of a few really interesting Formula 1 videos from the Red Bull Content Pool:
The Inside Line F1 Podcast partnered with Red Bull to deliver to you this special episode with David Coulthard – 'At The Red Bull F1 Showcar Run in Hyderabad with David Coulthard'.
This article was originally published on Kunal's F1 Blog and has been reproduced with permission.
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