Velocity MR has begun the second edition of the IPL Brands Insights Study, which will provide insights on the impact of sponsoring and advertising during the sporting extravaganza.
After the success of its first edition published in 2019, which extensively studied the ROI on ad expenditure and sponsorship during the IPL tournament, the second edition aims at giving more power to the marketing decision-makers through impact scores, loyalty analysis, jersey analysis, ROAS, brand personas, viewership trend, media basket analysis, sponsorship analysis, et al.
The second edition of IPL Brands Insights Study is set to unravel astonishing trends and insights on advertisement and promotions in this multi-billion-dollar cricket tournament by offering detailed guidelines like the ideal timing of promotion, impact score of the team a brand is associated with and the share of viewership received by respective brands and companies.
The brand value of IPL is pegged at the US $6.8 billion according to Duff and Phelps and has seen a sharp rise from that of 2018. By tracking $40 million worth ad investments, evaluating 150+ ads, covering 100+ sponsors and 70+ advertisers, this study reinforces the fundamental theory that heavy advertising scores over sponsorship in getting a better brand recall.
The IPL Brands Insights Book (I-BIB) enriched with qualitative and quantitative insights also analysed the important trends like top-of-mind, spontaneous and aided brand recall along with impact score of each IPL team, ROI of IPL investment and loyalty analysis on association with IPL team and respondent profiling, to help the brands and companies to gauge meaningful insights during IPL.
Jasal Shah, Managing Director & CEO of Velocity MR, said, “With IPL getting bigger every year, it has become important for brands and companies to understand their ad investments and if the ad is right enough to meet its objective. Pioneering the idea of a study to gauge the ROI on ad spends and sponsorship during the IPL tournament, we launched the first edition of IPL Brands Insights Book 2019. On the one hand, the book unravels the mysteries of marketing decisions made during IPL 2019 along with the hits and misses, while on the other, it serves as a guide to better marketing decision-making in IPL 2020.”
Some of the highlights from IPL Brands Insights Book 2019:
*Impact Scores (also known as the ‘Mother of all Insights’) of the eight IPL teams announced, which provides actionable insights — one score covering more than 10+ marketing metrics.
*Measured the ROI of ad spends during IPL 2019 for subscribed brands, which gave them insights on how to better their campaigns along with dos and don’ts for 2020.
*Helped our subscribed brands with insights on the right weeks and matches to advertise during IPL 2019.
*Advertise or sponsor, which works out better? Our insights gave the answers to the subscribed brands.
*Loyalty (home city and national level) and Jersey Analysis along with many other insightful parameters to understand the ad eﬀectiveness during IPL 2019.
The study brief of IPL brands insights study 2020
Cities to be covered during pre-phase and during IPL phase:
*Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Jaipur, Ahmedabad, Visakhapatnam, Pune, and Indore.
*Quantitative online surveys (For Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Ahmedabad & Pune):
18-20 minutes of the online survey will be administered to online panellists of Markelytics.
*Quantitative offline F2F surveys (For Vishakhapatnam, Indore & Jaipur):
18-20 minutes of the F2F offline survey will be administered.
*The study will be conducted on a weekly tracker basis.
*Standard Subscription (2 weeks) – City level, SEC and Gender
*Phase wise Subscription – City level, SEC and Gender. Any other meaningful cuts like Profession (Working professionals, students, and housewives), City, and any such relevant profile which makes a difference to the client’s business
*Pre Vs During IPL Subscription – A detailed PowerPoint presentation will be shared
Velocity is a tech-savvy insights provider with a global presence, providing proprietary panels, real web-based CATI, a strong field force, responsive client servicing capabilities and is armed with unparalleled research capabilities.