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Sports Marketing OBJECTIVES 1) Explain the marketing concept 2) Identify the components of the marketing mix 3) Understand the target market 4) Identify the five bases of segmentation 5) Illustrate the concept of positioning Copyright © 2010 by Sports Career Consulting, LLC Sport marketing is a subdivision of marketing which focuses both on the promotion of sports events and teams as well as the promotion of other products and services through sporting events and sports teams. What’s the difference? Building a fan base, not a customer base, is the first fundamental difference between sports marketing and marketing of most goods and services Jobs in Sports marketing An individual who works in the field of sports marketing helps to promote an athlete, a team or a particular bran A sports marketer must be ready with fresh promotions that will get the public’s attention and persuade them that a specific team, player or product is worth their dollar. Intro to Basic SEM Principles UNIT 3 Industry Segments Segments In Sports Business Sports Tourism Recreation Sporting Goods Outdoor Sports Sports Apparel Health Clubs / Fitness Amateur Sports Sports Marketing Firms Olympic Sports Event Management High School Athletics Governing Organizations Collegiate Athletics Facility Management Professional Sports Action Sports Motor Sports Copyright © 2010 by Sports Career Consulting, LLC Intro to Basic SEM Principles UNIT 3 Industry Segments Segments In Entertainment Business Filmed Entertainment Publishing Sector Television Networks Digital Media Services Television Distribution Broadcasting-Satellite Services Recorded Music Theatre & Performing Arts Video Games Casinos & Gaming Radio Services Fine Arts Internet Advertising Theme Parks / Amusement Parks Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Marketing through Sports & Entertainment Companies use sports and entertainment as a vehicle to gain exposure for their products Kia Motors sponsoring the World Cup VitaminWater affiliating its product with celebrities like Steve Nash, Carrie Underwood, Jennifer Aniston, David Ortiz and Steve Nash HP serving as presenting sponsor of the Sundance Film Festival Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Sports Marketing Tostitos sponsoring the Fiesta Bowl A NHL team offering payment plan options for season ticket buyers NBC paying $5.7 billion for the TV rights in the U.S. to the Olympics from 2000 to 2012 Copyright © 2010 by Sports Career Consulting, LLC What is SEM? UNIT 2 Examples of Sports Marketing A corporation’s purchase of a courtside tickets in a NBA Arena A sign or banner displaying a company’s logo at a hockey rink Coca-Cola paying for “pour rights” at an event or facility Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Sports Marketing A local restaurant sponsoring the local high school soccer team The Goodyear Blimp flying over sporting events Fans receiving free bobble head dolls at a baseball game Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Sports Marketing Nike partnering with Apple to launch new technology for runners Foot Locker stores offering special sales or coupons to help increase sales Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Sports Marketing Former NBA star Charles Barkley hosting Saturday Night Live Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Entertainment Seeing the Houston Symphony perform at Jones Hall in downtown Houston Attending a LSU Tigers football game Reading Stephanie Meyer’s novel Twilight Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Entertainment Visiting the Seattle Aquarium Going to a Justin Timberlake or Jack Johnson concert Listening to the newest Lady GaGa song on your mp3 player Watching the Broadway musical “Lion King” Copyright © 2010 by Sports Career Consulting, LLC What is SEM? Examples of Entertainment Going to the Ringling Bros. and Barnum & Bailey circus at the American Airlines Center in Dallas Universal Studios announcing ‘Transformers’ as a new theme park ride Copyright © 2010 by Sports Career Consulting, LLC The Marketing Mix—The Four Ps Product P Decisions involve the goods, services, or ideas used to satisfy consumer needs. Price P Decisions involve the exchange process between the customer and the seller. Place P Decisions involve making the product available to the customer. Promotion P Decisions involve how the goods or services are communicated to the consumer. 16 A Marketing Mix Example in the Sports Industry The product the Super Bowl offers is a game between the best teams of the AFC and NFC. Consumer costs extend beyond ticket prices and include travel and lodging expenses. Distribution includes the location of the host city and ticket sales. Promotion involves media outlets and relatedproduct contests. Slide 17 Chapter 1 A Marketing Mix Example in the Entertainment Industry State fairs need to appeal to rural and urban residents set reasonable ticket prices advertise about the fair determine fair location plan ticket sales Slide 18 Chapter 1 Marketing Strategies Ways to get people to buy your products and spend money Sports logos on clothing New Sports- New opportunities Perfect timing (product is hottest when team is winning) Using Athletes and Celebrities Gross Impressions-the number of times a product associated with an athlete or team CORE STANDARDS OF MARKETING Slide 20 Chapter 1 Market Segmentation Process of dividing a larger market into a smaller target market Customer groups with similar needs and or desires. Segmentation Demographic -Demographic segmentation divides the market into groups based on variables such as age, gender, family size, family life cycle, income, occupation, education, religion, race, generation, and nationality Geographic-Geographic segmentation divides the market into different geographical units such as nations, regions, states, counties, or cities Psychographic- divides buyers into different groups based on social class, lifestyle, or personality traits Behavioral segmentation divides buyers into groups based on their knowledge, attitudes, uses, or responses to a product • Occasion • Benefits sought • User status • Usage rate • Loyalty status The Wide Wide World of Sports TASKS SPRING, 2011 Sports Marketing Sports marketing is building a highly identified fan base such that fans, sponsors, media and government pay to promote and support the organization for the benefits of social exchange and personal, group and community identity within a cooperative competitive environment. The Sports Industry Affects your life even if you are not athletic There is nowhere on Earth that is not touched by the sports industry. The marketing of this industry affects you. The Sports Industry includes: Players and the games Facility where games are played Equipment used to play the games Agencies that regulate the games Media that broadcast the games Fans who watch the games The Sports Product Categories Sporting event Sporting goods Personal training Sports information The Sporting Event An intangible, perishable experience- The emotional attachment fans invest in their affiliation with a favorite team The athletes- without them there would be no game The facility- the place where it takes place. Sporting Goods The tangible, manufactured products Equipment and clothing Accessory products Licensed merchandise Collectibles or memorabilia Personal Training Preseason camps & workshops Health clubs, fitness centers Children’s summer sports camps Personal lessons Sports Information Local newspapers, TV and radio stations ESPN, specialized sports channels Sports Illustrated and other magazines Internet Who are the Consumers of Sports? Unorganized participants Organized participants Spectators sponsors Go to the page 4 and determine who the users are give one main fact and your comment or opinion on each Unorganized Participants Do not follow rules of an organization or group. Free to participate as they want Organized Participants Controlled by groups or sanctioning bodies Amateurs Professionals Spectators Observers of the sporting event Corporate consumers Media Sponsors Pay to associate their names or products with a sporting event Pay to put their names on uniforms and sports facilities Sports Marketing The marketing of all sports products as well as other products through the use of sports SEGMENTS OF THE SPORTS MARKETING INDUSTRY Marketing of the sport event Marketing sport goods and services Marketing other goods or services through the use of sport Marketing of products to sports Growth and Marketing of the Sports Industry go Hand in Hand SPORTS MARKETING AFFECTS MILLIONS OF PEOPLE THROUGHOUT THE WORLD INCREASED ATTENDANCE INCREASED MEDIA COVERAGE • • Sports Marketing is GOOD For You Employment opportunities Health benefits Recreational benefits Entertainment Sports Marketing is Good for the Local Community Significant impact on the economy Visitors spend money Create a need for more support facilities More jobs available Impacts a city’s image May be good or bad Sports Marketing is Good for Society A major industry that generates billions of dollars of revenue each year. Creates jobs that generate more revenue Increases opportunities for businesses in related industries Snowballing effect trickles down to almost everyone.