September 5, 2024

From Branding to Drafting: Marketing Lessons for Fantasy Football Success

Todd Cole's strategic insight

Marketing and fantasy football. On the surface, these two things may not seem like they are in the same plane of existence. I guess that’s true in that one is a very real thing while the other is essentially make-believe, but what I’ve found after years of doing both is that they both satisfy my love of strategic challenges and understanding of consumer psychology and behaviors. So, when I was asked to do an end-of-summer blog — the time when fantasy football seasons are starting — I saw the opportunity to share some of the key marketing principles and lessons that I have applied to fantasy football over the years. Here are just a couple ways that thinking like a marketer can help you dominate your fantasy football league:

Avoid the Sunk-Cost Fallacy

In both marketing and fantasy football, the sunk-cost fallacy can lead to poor decisions. This phenomenon occurs when people continue investing in something just because they’ve already put resources into it. In fantasy football, this might mean holding onto a high draft pick who’s underperforming. But the smart move is recognizing when to let go. If you notice this fallacy playing out with one of your opponents, you can turn it to your advantage, like offering a trade that seems to add value to their struggling pick. It’s a strategy marketers commonly use to upsell customers who have already committed to a purchase, like when you order a pizza online and then get an offer at checkout to add dessert and drink for a few dollars more. It works at the point of sale, and it can work for your fantasy trades, too.

Leveraging Brand Bias

Brand bias is when consumers prefer one brand over another due to emotional or psychological connections. In fantasy football, this translates to managers who have a clear preference for certain types of players. By understanding these biases, you can predict their draft choices or use their favorite types of players as leverage in trades, much like how a marketer would use brand loyalty metrics or buyer personas to help predict consumer behavior. This is helpful when you know that other league members like to draft high-upside guys, like speedy wide receivers or value the point advantages of taking elite tight ends early. These are markers for brand bias that you can use to snag the players you want ahead of league mates during fantasy drafts.

Researching the Competition

Which brings us to researching your competition. Just as marketers analyze competitors to gain an edge, fantasy football managers must research their opponents. Understanding your league mates’ tendencies allows you to anticipate their moves and adjust your strategy. In marketing, finding gaps in the competition’s offerings can lead to new opportunities — just as spotting weaknesses in your opponents’ strategies can give you an advantage in your fantasy league.

Using KPIs to Make Decisions

In marketing, we rely on key performance indicators (KPIs) to guide our strategies. The same logic applies in fantasy football. Your league’s scoring rules should help you make informed decisions. For instance, if one quarterback is on a hot streak but facing a tough defense, while another has been cold but is up against a weak opponent, you need to analyze the data to decide who to start to give you the best chance to score. This mirrors how marketers use data to forecast outcomes and make strategic decisions with media spends and direct marketing tactics.

These are just a few basic marketing lessons that can help you gain a competitive advantage in your fantasy league. But just like in marketing, the more you pay attention to the trends and watch the way markets move, the more likely you are to have success in fantasy football. Start putting these principles to use this year and before you know it, you won’t just be playing fantasy football — you’ll be mastering it.

Good luck to all my fellow fantasy footballers out there.