Sport Buzz Daily reposted this
𝗠𝗼𝗻𝗲𝘆 𝘁𝗮𝗹𝗸𝘀. 𝗪𝗼𝗺𝗲𝗻 𝗱𝗲𝗰𝗶𝗱𝗲. 𝗧𝗵𝗲 𝗴𝗿𝗶𝗱 𝗰𝗵𝗮𝗻𝗴𝗲𝘀. The numbers tell the truth. Women control $31.8 trillion in global spending, and Formula 1 captures 300 million female viewers. The math works. Independent ventures like Two Girls 1 Formula generated $100,000 in revenue by addressing gaps in official team merchandise. The market exposes limitations in current offerings. Helena Hicks, founder of Females in Motorsport, notes team merchandise remains "male heavy" with limited options for women. Sherry Ma's trajectory from business student to F1 fashion entrepreneur represents market correction in action. Her insight—that female fans seek statement pieces for race weekends rather than standard team merchandise—highlights the gap between traditional motorsport retail and contemporary consumer demands. And then, there's the beauty sector, which leads F1's commercial metamorphosis, transforming sponsorship models through what I'm calling "mascara money" - the intersection of cosmetics capital and motorsport marketing. This evolution mirrors F1's dramatic demographic shift, with Nielsen Sports data confirming over 300 million female fans worldwide and women comprising 41% of the global fanbase. Most notably, the fastest-growing segment comprises women aged 16-24, representing a seismic shift in the sport's cultural positioning. More on the 𝗕𝗶𝗹𝗹𝗶𝗼𝗻-𝗗𝗼𝗹𝗹𝗮𝗿 𝗚𝗲𝗻𝗱𝗲𝗿 𝗦𝗵𝗶𝗳𝘁 in my Business of Speed column on Motorsport Week: https://lnkd.in/evfK2jFh
Way to go ELEMIS!!
This time last year I was asked to present my POV on where to funnel sponsorship dollars for a company I had loosely worked with. My sweet spot. LOVED this excercise. One of my constant drum beats of the “why” was the fact that women control the wallet (…said with more gravitas & insight depth…). They chose a few options and did lower investments to start but were HIGHLY skeptical. They saw it in real time. Brilliant post.
Natasha Bird check this out!
The numbers are stratospheric.
Head of Content + Creative / Marketing, Innovation, Partnerships / F1 commentator
3moMore on the 𝗕𝗶𝗹𝗹𝗶𝗼𝗻-𝗗𝗼𝗹𝗹𝗮𝗿 𝗚𝗲𝗻𝗱𝗲𝗿 𝗦𝗵𝗶𝗳𝘁 in my Business of Speed column on Motorsport Week: https://www.motorsportweek.com/2024/12/03/the-billion-dollar-gender-shift-in-formula-1/