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Friday, July 5, 2013

Breaking a New Market

"If Jeezy's paying LeBron, I'm Paying Dwyane Wade" famously boasted Jay Z in his song Empire State.

Well we now know what that figure would be*.  Approximately $100 million is what Chinese Shoe Company Li-Ning is reportedly paying Dwyane Wade to represent their shoe brand.

Dwyane Wade2

Wade broke with Nike in order to take this contract on.  Most people view a Nike contract as the pinnacle of sports sponsorship.  So why would Wade break ranks in order to have a sponsorship with a little known company in the US?

Very simple.  Go to Nike's Basketball page.  They already feature 3 superstars - LeBron, Kobe and Kevin Durant.  That doesnt count the countless others that Nike sponsors.  Just look at this list found posted 4 years ago - LINK

The move to Li-Ning enables more growth for Wade.  First in the largest growing market - China.  And being the ONLY person in there...

Dwyane Wade is setting himself up for growth and expansion in a world where he is a pioneer.  What market is being neglected that you could exploit?  Plan for it, and if you need a reminder of how, look at Bryan's last post!


* Yes I know the real number was $3k... however if you know that and why, you probably aren't reading this blog.  Just keepin' it real.

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