Samsung’s Product Placement Can Teach Us a Thing or Two About Boosting Event Sponsorship

March 7, 2014

Everyone is all a twitter over Samsung’s product placement and the Ellen DeGeneres selfie at the Oscars.  Samsung received more value out of this sponsorship deal than they had probably dreamed of! A recent Washington Post highlights the details of Samsung’s Oscar ad buy and why the organic product placement worked so well for them.

Instead of debating why the product placement worked so well, I would like to focus on how event managers can use this concept to increase sponsorship sales and ROI.  Every product marketer dreams of getting their product in the hands of its targeted user. “If only they could try it, they would love it.” Tradeshows offer a perfect pool of targeted users to exhibitors. Yes, the exhibit floor is designed for product demos, but the exhibitor is at the will of the attendee.  They can only interact with the attendee who decides to stop by their booth.  Event managers can sweeten the deal for exhibitors by adding product placement opportunities to areas/sessions/receptions/meetings outside of the exhibit floor.

For example, sponsorships are often offered for educational tracks that include a logo on the signage and usually a speaking spot. What if every attendee in that session had the opportunity to use the sponsor’s latest product during the session? Attendees could take notes on the latest tablet, snack on the company’s new cookie line, or walk away with a new pair of wiper blades for their car.  

Word of mouth marketing can be extremely powerful for increasing brand awareness and sales.  The likelihood of at least one of these attendees tweeting or posting on Facebook about the awesome giveaway they just received is pretty high, and you have just gone viral.

I will concede that this may be more difficult for some industries than others, but we can learn from Samsung’s strategy and use this as a launching pad for offering more creative ways to get a product into the hands of the user/buyer. And now you can easily justify charging more for that track sponsorship (or the like).

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.