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1.01Intro. to Sports and Entertainment Marketing Objective A •Explain the nature of the sports industry. Sports Vs. Entertainment Sport product includes: •sporting event •sporting goods •personal training •sports information Goods • Goods are tangible objects that are useful to consumers. • Examples: Licensed merchandise, tennis rackets, soccer balls, uniforms. Services • Services are intangible and include tasks or acts performed for a customer for a price or fee. • Examples: Going to a Broadway play or to a NASCAR race. SPORTING EVENT •An intangible, perishable experience •The athletes •The facility PERSONAL TRAINING • Available to professionals and amateurs • Preseason camps • Health clubs, fitness centers • Children’s summer sports camps • Lessons SPORTS INFORMATION • News about teams, events, schedules, statistics • Local newspapers, TV, and radio stations • ESPN, specialized sports channels • Sports Illustrated, golf magazines • Internet CONSUMERS OF SPORTS • Unorganized participants • Organized participants • Spectators • Sponsors UNORGANIZED PARTICIPANTS •Play sports without rules ORGANIZED PARTICIPANTS • Amateurs(Mo’ne Davis) • Professionals are Paid – it’s their occupation) • Controlled by groups or sanctioning bodies SPECTATORS • Observers of the sporting event • Corporate consumers - The businesses that make the sporting events available to those who cannot attend in person • Media SPONSORS • Pay to have their names or products with a sporting event • Pay to put their names on uniforms and sport facilities • Sponsors want to reach a target market. Objective B SPORTS MARKETING AND ITS EFFECT ON SOCIETY Sports Marketing • Sports marketing is the process of: • planning and executing • Pricing • Promotion • Distribution of sports ideas, goods, and services SEGMENTS OF THE SPORTS MARKETING INDUSTRY • Marketing the sport event • Marketing sport goods and services • Marketing other goods or services through the use of sport • Marketing of products to sports MARKETING THE SPORT EVENT • Distributing information about a NASCAR race Marketing sport goods and services • The marketing of sport goods and services involves a RETAIL focus Businesses use sport to market their products. • Businesses that place ads in college football programs are using the sport as a marketing tool Marketing of products to sporting events • Example: Pepsi and Coke compete to sell their product at a stadium. GROWTH AND MARKETING OF THE SPORTS INDUSTRY • Sports marketing affects millions of people through out the world. • Increased attendance • Increased media coverage SEM IS GOOD FOR YOU. Benefits you receive when you participate in sports • Employment opportunities • Health benefits • Recreational benefits • Entertainment SEM - is GOOD FOR COMMUNITY • Significant impact on the economy • Visitors spend money. • Create a need for more support facilities • More jobs available • Impacts a city’s image SEM Impact on Society • Opens up additional opportunities for businesses in related industries , Speedways • Time Warner Arena • Charlotte Motor Speedway • Bojangles Coliseum Dramatic Arts Industry • Children’s Theatre • Adult’s Theatre • Belk Theatre Video Game Industry • • • • X-Box 360 Kinect Nintendo Wii Sony PS3 EA Sports – “it’s in the game” • Madden Fine Arts and Science • Smithsonian Museum Industry • Mint Museum • The Discovery Place • The Mint Museum Uptown Night Club Industry Club Tempo Club 935 The V Lounge