SlideShare a Scribd company logo
Formula 1 
Racing 
Bringing Advanced Technology and Speed 
to the United States 
Presented By: 
Michael Kanago 
Marsha Buchanan 
Scott Horn 
Paula-Kaye Herdsman 
Carrie Qin
NASCAR? NASCANT! 
• Jeff Gordon couldn’t have said it better 
“If they want to see the most technically advanced car that 
exists...faster than anything that is humanly possible in your mind, then 
go and see a F1 race”
Formula 1 vs NASCAR Demographics 
Formula 1: 
• Wealthy, educated Males: mid 20’s-mid 40’s 
• Average disposable income of $70,000 
• Mainly in the Northeast
NASCAR Demographics
SWOT Analysis 
Strength Highest class of auto racing 
Perception: most expensive, high-end and glamorous sport 
World-wide fan following 
Highly advanced purpose-built fallacy 
Weakness No famous local racer 
Expensive tickets 
Haven’t gained an American fan base 
Perception: dangerous, lack of entertainment 
Opportunity Creating more job opportunities (add to the economy) 
The success of the host of US F1 in Austin-Texas 
Americans’ enthusiasm toward sports and advanced technology 
Convenient transportation, lower air ticket price 
Threat Competition with NASCAR 
The popularity and loyalty of other sports in the US (football) 
Miss out financially
MLS and Formula 1: A Blueprint 
Major League Soccer 
• 3rd largest attendance in U.S. pro sports 
• Largest growth rate of any U.S. pro league 
• 10th largest attendance rate of any professional soccer 
league 
• 2nd youngest fan base; 3rd highest average income
MLS and Formula 1: A Blueprint 
Source: theatlantic.com, 2014
MLS and Formula 1: A Blueprint 
The MLS Recipe for Success 
• Know your (young, liberal) demographic 
• Follow the (urban) money 
• Think of the children 
• Import
MLS and Formula 1: A Blueprint 
Source: sportworldmap.com, 2014
Proposal: Sponsorships 
• Acura, one of our clients, is owned by Honda 
• Honda is getting involved in Formula 1 racing 
• Lower barrier of entry
Proposal: Sponsorships 
• jetBlue: another client of Mullen 
• Provides international travel
Proposal: Sponsorships 
• Red Bull sponsors two top 10 F1 drivers 
• Broad digital/social media presence
Proposal: Sponsorships 
• Under Armour invests in technology 
• Niche markets
Proposal: Sponsorships 
• American “Craft beer” of AB-InBev 
• Access to major urban markets 
• Largest growing bev. segment 
among young, affluent pros
Proposal: Sponsorships 
• NBC is bringing Formula 1 to a larger audience 
• NBC heavily promoted the Monaco Grand Prix 
• John Miller, NBC Sports Group President: F1 is a “perfect fit”
Advertising Tactics: Social Media 
• Formula 1’s Facebook page: nearly 370,000 Likes 
• Red Bull’s Facebook page: nearly 45 million Likes 
• Red Bull Racing’s Facebook page: nearly 4 million Likes 
• Cross-share links of different pages 
• Boosts Formula 1’s number of Likes
Social Media Continued 
• Instagram: 15 second videos and pictures 
• @F1’s Twitter: 924,000 followers 
• Snapchat: joined the advertising game 
• Formula 1 mobile applications
Advertising Tactics: 
Magazine/Digital 
dadfsd
Magazines Continued: Popular 
Science 
Readership Demographics
Advertising Tactics: Out-of-Home 
Signage in urban areas of interest 
• Digital Billboards, 
public transit hubs 
• High visibility & 
impact in drawing 
new consumers
Advertising Tactics: Promotional Events 
NBC Sports Group Sponsored Documentary 
• Spiritual sequel to NBC’s 2014 F1 film, “1” 
• Explore the sport’s great American drivers 
• Follow Gene 
Haas’s pursuit of 
American F1 team
Advertising Tactics: Promotional Events 
Sponsored “Formula Chicago” city race 
• Red Bull, Goose Island, 
jetBlue, Under Armour, etc. 
• Watch parties in MLS 
cities, sponsored by 
Red Bull
Implications
Formula E Racing 
• 150 MPH 
• Two zero Emission tanks 
• 25-30 Minute Battery Life 
•Speed up electric car 
development 
Corporate Social Responsibility
Baby Formula 1
Junior Formula Racing 
• Camps 
• Junior Leagues 
• Clubs for Kids 
• Ages 5-17 
• Girls and Boys
2014 Racing
Implications 
1. Corporate Social Responsibility 
2. Stealth Marketing via young crowd
Bibliography 
• (n.d.). Retrieved September 14, 2014, from http://www.f1outdoors.com/f1-outdoors-kart-racing-for-kids.asp 
• (2014, September 14). Retrieved January 1, 2014, from http://www.mirror.co.uk/news/world-news/formula- 
1-cars-given-electric-41888 
13 
• 2014 Popular Science Media Kit. (2014, January 1). Retrieved September 12, 2014. 
• "About." mullencom RSS. N.p., n.d. Web. 10 Sept. 2014. <http://www.mullen.com/about/>. 
• "HLG Nascar Licensing and license negotiations." HLG Nascar Licensing and license negotiations. N.p., n.d. 
Web. 15 Sept. 2014. <http://www.hlglicensing.com/nascar.htm>. 
• "Hill Holliday." Can F1 Finally Break in to the United States?. N.p., n.d. Web. 12 Sept. 2014. 
<http://www.hhcc.com/thinking/can-f1-finally-break-in-to-the-united-states>. 
• "Honda Returns to F1 Racing as Engine Supplier to McLaren." Bloomberg.com. Bloomberg, n.d. Web. 15 
Sept. 2014. <http://www.bloomberg.com/news/2013-05-16/honda-returns-to-f1-racing-as-engine-supplier-to-mclaren. 
html>.
Thank You 
Questions?

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Introducing Formula 1 Racing to the United States

  • 1. Formula 1 Racing Bringing Advanced Technology and Speed to the United States Presented By: Michael Kanago Marsha Buchanan Scott Horn Paula-Kaye Herdsman Carrie Qin
  • 2. NASCAR? NASCANT! • Jeff Gordon couldn’t have said it better “If they want to see the most technically advanced car that exists...faster than anything that is humanly possible in your mind, then go and see a F1 race”
  • 3. Formula 1 vs NASCAR Demographics Formula 1: • Wealthy, educated Males: mid 20’s-mid 40’s • Average disposable income of $70,000 • Mainly in the Northeast
  • 5. SWOT Analysis Strength Highest class of auto racing Perception: most expensive, high-end and glamorous sport World-wide fan following Highly advanced purpose-built fallacy Weakness No famous local racer Expensive tickets Haven’t gained an American fan base Perception: dangerous, lack of entertainment Opportunity Creating more job opportunities (add to the economy) The success of the host of US F1 in Austin-Texas Americans’ enthusiasm toward sports and advanced technology Convenient transportation, lower air ticket price Threat Competition with NASCAR The popularity and loyalty of other sports in the US (football) Miss out financially
  • 6. MLS and Formula 1: A Blueprint Major League Soccer • 3rd largest attendance in U.S. pro sports • Largest growth rate of any U.S. pro league • 10th largest attendance rate of any professional soccer league • 2nd youngest fan base; 3rd highest average income
  • 7. MLS and Formula 1: A Blueprint Source: theatlantic.com, 2014
  • 8. MLS and Formula 1: A Blueprint The MLS Recipe for Success • Know your (young, liberal) demographic • Follow the (urban) money • Think of the children • Import
  • 9. MLS and Formula 1: A Blueprint Source: sportworldmap.com, 2014
  • 10. Proposal: Sponsorships • Acura, one of our clients, is owned by Honda • Honda is getting involved in Formula 1 racing • Lower barrier of entry
  • 11. Proposal: Sponsorships • jetBlue: another client of Mullen • Provides international travel
  • 12. Proposal: Sponsorships • Red Bull sponsors two top 10 F1 drivers • Broad digital/social media presence
  • 13. Proposal: Sponsorships • Under Armour invests in technology • Niche markets
  • 14. Proposal: Sponsorships • American “Craft beer” of AB-InBev • Access to major urban markets • Largest growing bev. segment among young, affluent pros
  • 15. Proposal: Sponsorships • NBC is bringing Formula 1 to a larger audience • NBC heavily promoted the Monaco Grand Prix • John Miller, NBC Sports Group President: F1 is a “perfect fit”
  • 16. Advertising Tactics: Social Media • Formula 1’s Facebook page: nearly 370,000 Likes • Red Bull’s Facebook page: nearly 45 million Likes • Red Bull Racing’s Facebook page: nearly 4 million Likes • Cross-share links of different pages • Boosts Formula 1’s number of Likes
  • 17. Social Media Continued • Instagram: 15 second videos and pictures • @F1’s Twitter: 924,000 followers • Snapchat: joined the advertising game • Formula 1 mobile applications
  • 19. Magazines Continued: Popular Science Readership Demographics
  • 20. Advertising Tactics: Out-of-Home Signage in urban areas of interest • Digital Billboards, public transit hubs • High visibility & impact in drawing new consumers
  • 21. Advertising Tactics: Promotional Events NBC Sports Group Sponsored Documentary • Spiritual sequel to NBC’s 2014 F1 film, “1” • Explore the sport’s great American drivers • Follow Gene Haas’s pursuit of American F1 team
  • 22. Advertising Tactics: Promotional Events Sponsored “Formula Chicago” city race • Red Bull, Goose Island, jetBlue, Under Armour, etc. • Watch parties in MLS cities, sponsored by Red Bull
  • 24. Formula E Racing • 150 MPH • Two zero Emission tanks • 25-30 Minute Battery Life •Speed up electric car development Corporate Social Responsibility
  • 26. Junior Formula Racing • Camps • Junior Leagues • Clubs for Kids • Ages 5-17 • Girls and Boys
  • 28. Implications 1. Corporate Social Responsibility 2. Stealth Marketing via young crowd
  • 29. Bibliography • (n.d.). Retrieved September 14, 2014, from http://www.f1outdoors.com/f1-outdoors-kart-racing-for-kids.asp • (2014, September 14). Retrieved January 1, 2014, from http://www.mirror.co.uk/news/world-news/formula- 1-cars-given-electric-41888 13 • 2014 Popular Science Media Kit. (2014, January 1). Retrieved September 12, 2014. • "About." mullencom RSS. N.p., n.d. Web. 10 Sept. 2014. <http://www.mullen.com/about/>. • "HLG Nascar Licensing and license negotiations." HLG Nascar Licensing and license negotiations. N.p., n.d. Web. 15 Sept. 2014. <http://www.hlglicensing.com/nascar.htm>. • "Hill Holliday." Can F1 Finally Break in to the United States?. N.p., n.d. Web. 12 Sept. 2014. <http://www.hhcc.com/thinking/can-f1-finally-break-in-to-the-united-states>. • "Honda Returns to F1 Racing as Engine Supplier to McLaren." Bloomberg.com. Bloomberg, n.d. Web. 15 Sept. 2014. <http://www.bloomberg.com/news/2013-05-16/honda-returns-to-f1-racing-as-engine-supplier-to-mclaren. html>.

Editor's Notes

  1. speed up electronic car development which will lead to better cars for normal drivers. take responsibility for the company's effects on the environment and impact on social welfare