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Why Event Marketing Captures Public Attention?

Published: 2022-12-13

Why Event Marketing Captures Public Attention?

With the rapid advancement of technology, corporate brand promotion methods have become increasingly diverse—from microblog marketing a few years ago to WeChat marketing today, along with costly print media advertising campaigns. Each marketing approach has its own characteristics, and one that cannot be overlooked is event marketing—a traditional yet evolving method that is increasingly capturing public attention and proving more effective for brand promotion. So why does event marketing attract public attention?

To understand why event marketing captures public attention, we first need to define what event marketing is.

Event marketing refers to a marketing approach where companies plan large-scale events (such as anniversary celebrations, product launches, annual meetings, etc.) to rapidly enhance brand awareness, reputation, and influence, thereby boosting product sales. Simply put, event marketing is marketing centered around events, using the event as a vehicle to achieve brand elevation or sales growth. Event marketing attracts public attention primarily for the following reasons:

1. Various types of events are inherently limited resources. When an event is first launched, it does not require substantial capital investment; rather, it is more of an intellectual investment. An event with unique creativity is a distinctive resource with immense commercial potential, and like other material resources such as mineral deposits, it is inherently finite. The intense competition among regions for major event "resources" is evident in the proliferation of festivals, beauty pageants, award ceremonies, and evaluation events.

2. Event marketing itself contains enormous business opportunities. CCTV fully leverages its strong platform and social resource advantages through its integration capabilities, producing special programs around major events such as the annual Host Competition, Singer Competition, Model Contest, and Crosstalk Competition. These often become focal points and hot topics for national audiences. It is no exaggeration to say that for CCTV, every major event is a magical "money tree."

Companies often rapidly enhance brand awareness and favorability by sponsoring or title-sponsoring special programs, and consumers often associate a particular event with the sponsoring company. Examples include "The Voice of China" with JDB, the "National Cooking Competition" with Luhua Peanut Oil, and the "My Favorite Spring Festival Gala Program" sponsored by China Life and Langjiu Honghua Lang. These sponsors became the focus of media hype and public attention alongside the events.

3. The integrated communication approach of event marketing aligns with the development laws of the information age. In today's information era, with an overwhelming flood of information, people's attention has become a scarce resource, prompting all media to compete fiercely for audience attention. Whoever wins eyeballs wins attention, giving rise to the concept of the "attention economy." Cities need to build city branding, and companies need to shape product brands, all of which require widespread media dissemination. Events, through high-level planning, can create news highlights out of nothing, tailored to the needs of cities and companies.

4. Event marketing enhances the overall brand value of both companies and media. A key indicator of a company's development is its brand's popularity index in the minds of the audience. Having awareness is only the first step of a long journey; more importantly, it is about forming a strong cohesive reputation—what we commonly call a good name—in the audience's minds. Hosting large-scale events that are participatory and have social welfare attributes is the best way for companies or cities to create momentum, gather public support, elevate taste, class, and brand value.

The most brilliant marketing is to control scarce information sources, act as a manufacturer of media content, create topics and selling points that media will follow, allowing media to further develop and disseminate existing news material, and ultimately get free advertising for oneself. For example, the bundling of Mengniu with Super Girl is a successful marketing case.

The world's news high ground is in New York, while China's news high ground is in Beijing. Therefore, many events choose to hold press conferences or launch ceremonies in Beijing to create national influence.

Every event a company hosts is essentially marketing, which is precisely why companies are increasingly willing to spend heavily on event planning companies to organize various events.

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