Nearly 3.5 billion people watched the World Cup games this year. In terms of revenue, one of the biggest winners, of course, was FIFA. That organization came in with a $6.5 billion win in projected revenue for the 2015-2018 cycle. The soccer club Manchester United raked in $4.1 billion. There were other big winners, too, including television broadcasters.
But did your small business win or lose as a result of this year’s World Cup games?
Soccer or Football?
The sport is called football in most of the world. Only in the US do fans refer to the game as soccer. Regardless of which name you call it, a sport in which the whole world participates cannot fail to be riveting entertainment.
It’s no wonder they anticipate the games with ever-heightening intensity. Then they watch with great interest. And after the winners and losers have been decided, they quite literally “
Why All the Excitement?
There’s a reason for all this frenzy. Behavioral scientists refer to the phenomenon as “
Scientists have learned that if you’re an ardent sports fan and your team is doing well, you derive all kinds of positive emotions from their wins. You have a sense of belonging. Your whole life looks better to you. The scientists refer to this phase as “BIRGing.” In other words, you’re Basking In Reflected Glory. You’ll say things like, “We won!” Or, “Weren’t we great out there?”
On the other hand, when the home team ain’t doing so great, you could be “CORFing.” That acronym stands for “Cut Off Reflective Failure.” In that case, it will be “they” who lost. You’ll try to distance yourself from “their” failure as much as you can.
How the Games Affect Big Business…
The financial markets appear to suffer temporarily during World Cup games. For example, during the 2010 games,
…and Small Business
Some small-business owners complain of lost productivity and poorly explained absences during major televised sporting events such as the World Cup. Others try to use these events to
For example, Neal Taparia, then Co-CEO of
The result? “The energy around the office is awesome,” Taparia reported. “Everyone feels more connected to their co-workers and the products we work together on. It’s made a big difference.”
The Dark Underbelly of the World Cup Games
The ugliest aspects of the beloved game appear around its periphery. According to Ethan Rowe of the casino gambling aggregator site
It should come as no surprise that some fans choose to enhance their excitement over the games by “having a little flutter” on the games they’re watching. But gambling addiction is no joke. It ruins lives and families and disrupts business. Perhaps it even touched your business this year.
That’s why the UK the
After Russia, Qatar
The next World Cup games will be held in Qatar in 2022, four years away. Airlines are already extolling fans to
As a small-business owner, shouldn’t you
About the Author
Carrol Strain is a Top Rated Premium copywriter on Upwork, as well as editor and on-call writer for the Business Opportunities blog.