* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Dallas Stix
Brand awareness wikipedia , lookup
Visual merchandising wikipedia , lookup
Perfect competition wikipedia , lookup
Darknet market wikipedia , lookup
Pricing strategies wikipedia , lookup
Market segmentation wikipedia , lookup
Food marketing wikipedia , lookup
Marketing research wikipedia , lookup
Multi-level marketing wikipedia , lookup
Brand loyalty wikipedia , lookup
Brand equity wikipedia , lookup
Brand ambassador wikipedia , lookup
Market penetration wikipedia , lookup
Ambush marketing wikipedia , lookup
Guerrilla marketing wikipedia , lookup
Marketing communications wikipedia , lookup
Direct marketing wikipedia , lookup
Digital marketing wikipedia , lookup
Viral marketing wikipedia , lookup
Product planning wikipedia , lookup
Marketing plan wikipedia , lookup
Youth marketing wikipedia , lookup
Neuromarketing wikipedia , lookup
Marketing channel wikipedia , lookup
Integrated marketing communications wikipedia , lookup
Street marketing wikipedia , lookup
Green marketing wikipedia , lookup
Segmenting-targeting-positioning wikipedia , lookup
Multicultural marketing wikipedia , lookup
Marketing mix modeling wikipedia , lookup
Target audience wikipedia , lookup
Sports marketing wikipedia , lookup
Marketing strategy wikipedia , lookup
Target market wikipedia , lookup
Advertising campaign wikipedia , lookup
Dallas Stix 1001 Baseball Street Dallas, TX 75001 The Organization The Dallas Stix is a AA minor league baseball team in the DFW that feeds into the Texas Rangers Professional organization. The team’s home field is centrally located in the city of Dallas. This will be the team’s opening season. Management Management goals are set up by an executive committee. The committee is comprised of the team owners and executive marketing team. Goals The Dallas Stix is a new franchise, one of their major goals is to create a positive image in the DFW area. The organization would like to increase brand awareness to create a new and loyal fan base. The Dallas Stix would also like to be a profitable and equitable brand with a substantial fan base. Target markets The Stix have identified two primary and two secondary target markets that will effectively and appropriately help meet our goals. Our primary target markets are males ages 25-34 and middle-class families. Our secondary target markets are Hispanics and college males 18-25. Sponsors To help accomplish the objectives, we are seeking companies that will fit our ideals and enhance our goals to build a fan base comprised of families, young males, and Hispanics. By building a sponsorship relationship, the sponsoring companies can build a positive community presence and increase brand awareness while helping the Dallas Stix reach their objectives. Strategies Some of the strategies to build a fan base and increase awareness within our target markets will be to host several giveaway nights and give several family discounts. Several days will be used to host special events such as host family and Latino nights and Children’s days. Social media will also be used as a marketing tool. Situational Analysis The Dallas Stix are a new minor league team affiliated with the Texas Ranger’s Baseball program. The Dallas metropolitan area ensembles an enormous marketing opportunity for a new baseball team; comprise of being the largest economic center in a 12 county area (United States Census Bureau, 2010). With the Texas Rangers looking to make a repeat year of success, they are in need of more opportunities for the athletes to play before they make it to the next level. The Dallas Stix organization will aspire new and innovative ways to fill the stadium while providing affordable entertainment for Dallas and the surrounding areas. The target markets are college males and males with middle to upper income, and family oriented consumers of several ethnicities with an objective of developing a relationship between the consumer and the Dallas Stix sport organization. The connection between a spectator and athlete/team can develop a sense of unity and loyalty. Fans may become loyal to a particular team because of the enjoyment associated with watching or because of the sense of belongingness by associating themselves with a specific group (Lavarie & Arnett, 2000). (Can you think of anything here) Figure 1.1 SWOT Analysis for the Dallas Stix Baseball Franchise Strengths: New organization feeding into the American League Champions Our location is in the center of the largest economic district New and innovative concepts All of the players are appointed by the Ranger’s organization Prices are affordable Growing population of the Dallas area Opportunities: Fan consumption middle to upper income level Increase attendance by local corporations and businesses for individual games and packages Advertisements and sponsorships from surrounding businesses, and corporations Clinics and camps hosted by our organization. Make the game about entertainment and not about wins and losses. Using more Social Media as it advances Weaknesses: Long term business and corporate sponsorships are not established yet Not having enough attention Customer loyalty and relationship not established yet Threats: Competing with other cultural events in our surrounding area Competing with other minor league teams Not be undifferentiated from other baseball teams in area Weather Injury of an athlete Economy Marketing Goals & Objectives The Dallas Stix is a new franchise that is looking to build its brand and fan base to become one of the area’s most recognized and profitable minor league baseball team. As a new franchise, strategic brand management is extremely important for the success of the franchise. The Dallas Stix strategic brand management will include brand awareness, equity, and positioning at the same time maintaining a stable and positive organization to help with the management process. Brand awareness is crucial in the consumer’s decision making process and impacts the long term brand image associations of the team (Dwyer, Le Crom, & Tomasini, 2011, p. 57). Consumers many times will buy more because of the brand awareness and image. The team will differentiate the brand and develop positive associations and position the brand appropriately to be in the minds of consumers (Gladden, Irwin, & Sutton, 2001, p. 301). This strategic brand management will help the franchise build brand equity which will in turn will increase sales, maintain a consistent and positive brand image, and help maintain a loyal fan base. Creating a Loyal Fan Base The Dallas Stix plan to create a loyal fan base through many different marketing strategies. Social media communications through the use of the Stix website will give them many opportunities to get their fans attention whether it is promoting ticket purchases, sale of merchandise or breaking news stories. The Dallas Stix website will give live feeds of games, offensively and defensively. There will also be a place on the main page that will be one click away for finding tickets to the next home game. According to Fullerton and Merz (2008), advertising is widely held as contributing to brand loyalty. The Stix will advertise to all target segments through traditional media (newspaper and television ads) and new media (internet, facebook, twitter, etc.). The satellite radio growth will also reach out to all of our target segments to advertise and promote live broadcasts of games (Fullerton & Merz, 2008).The Stix Facebook page will have a tickets tab that promotes sales as well as a “wall” where fans can interact about things going on during the season. The Stix will also have a Twitter account where fans can get to know their players better. Other ways the Stix will market to their fan base will be through weekly promotions at home games. The Stix will offer Dollar Dog Tuesday, Military Wednesday food and drink specials, Thirsty Thursdays with $2 drinks, Free Friday Giveaways, and Kids Day Sunday where the kids get to come on the field and run the bases. Uhrich and Benkenstein (2010) stated, “experiencing a special atmosphere in stadiums is an essential part of the total service provided by the organizers of the sport events” (p.212). Further studies by them show, “sport spectator’s perceived excitement induced by the atmosphere in the stadium has positive effects on repatronage intentions, willingness to recommend a visit to others, and customer satisfaction” (p. 213). Other factors to include in making sure a loyal fan base is created are general elements such as the spatial layout/functionality, cleanliness, parking, scoreboard quality, crowding, layout accessibility, and seating comfort (Uhrich & Benkenstein, 2010). Primary Target Markets The first primary target segment of the Dallas Stix, the Team Obsessors, “are the more contemporary version of the hardcore fan, connecting rabidly with a team, listening to sports talk and devouring content online. They tend to be hypercompetitive and feel a deep need to connect with similarly minded fans in order to belong. They generally are 25-34, with household incomes of $75,000 to $150,000 – single men or successful young fathers” (King, 2010, p.16). Purchasing and lifestyle characteristics This target segment would also be inclined to catch games on television at home and in sports bars if they were not able to attend live games. Many of these fans would likely be straight out of college and still frequently enjoy time out with friends. With above average incomes, the purchasing price for this category has the ability to be a little higher without the fan thinking he or she is breaking the pocket book. Sport entities build their brand through marketing slogans that make consumers feel safe, important, and more likely to have an advantage against other products. As marketing agents recruit customers, they want to figure out how to keep them coming back for more products which would mean developing a loyalty with their customers (Lee, 2010). To keep this target segment “devouring content online” with new media (internet, facebook, phone applications, and twitter) we will implement the Fantasy Baseball League to intrigue them much like the entity in the National Football League. “A reporter from USA Today described the virtual world as offering a chance to tap into a dedicated audience of more than 27.7 million U.S. players” (Howard, 2009, p.1). Howard explained these players spend up to nine hours a week planning and plotting their strategies for weekly matchups in 70 million free and paid leagues. Players create season-long dream teams of real players. Weekly fantasy victories are based on those players' combined individual statistics in the real world that week. Marketing Strategies The fanaticism of the fantasy league will create an avid audience for advertisers, and add revenue for big online hosting sites, such as the MLB and NFL. Yost (2006) stated that new media such as television, the Internet, fantasy football leagues, and wireless broadcasts fuel a $3.5 billion annual merchandise business. As the NFL and its 32 franchises build incredible brand loyalty, we should be able to build the same revenue, directly and indirectly with this target segment (Yost, 2006). The Stix will also stay on top of the best ways to make their fans keep coming back by offering great entertainment and promotional giveaways for all ages. Research by Whelan and Wohlfeil (2006) found that, “the brand image can be strengthened through interactively communicating a brand story with an idealized community by facilitating shared customer experiences in ways that innovatively communicate brand values” (p.314). “Thirsty Thursday’s” will allow ticket purchasers in the Miller Patio Section access to $25 dollar tickets instead of the regular $45 price as well as half price beers with a maximum of 4 per person to encourage ticket sales of this target segment. Marketing mix elements for the Team Obsessors The marketing mix elements include product, place, price, promotion, and people. The males 25-34 market is the possibly the easiest to market. According to the United States Census Bureau (2010), Dallas is the largest economic center of the 12-county Dallas-Fort Worth-Arlington area with a population of roughly 6.5 million. This is home of many young business men fresh out of college or young family men with money to spend on a sport that can be consumed by millions of Americans. Research suggested this target market, successful young business men of spectator sports often invest in luxury boxes for their companies to give to their employees and customers (Fullerton & Merz, 2008). The product offered will be the same for all of the target markets featuring many different athletes with various ethnicities. We will highlight each of our top athletes and their backgrounds for this target market. Our Miller Lite patio, around the horn restaurant, and fantastic seating venues will also attract the attention of this target market. Specials and “Thirsty Thursday’s” will be hosted throughout the year to provide opportunities for this target market to provide a valuable social setting for meetings are networking with other business associates or customers. All of these aspects will encompass the marketing mix of our product, price, promotion and people. (Please if you can think of anything Add it, it a brick wall) The other primary target market by the Dallas Stix will be the Family Connectors which according to King (2010), “see baseball as a way to enjoy time together as a family or engage with others in their community. They are devoted to their local team and enjoy the sport’s history, but are more likely to remember it for the role it played for their family. They also are significantly less likely to follow the team closely, other than by watching or attending games. They skew female, are married with children, and have household incomes of $50,000 to $75,000 – mothers of middle income families” (p.16-17). Purchasing and lifestyle characteristics Targeting this segment will be profitable to the Dallas Stix because many families enjoy sport entertainment and value the experience. Armstrong (2008), “contended that family is one of the primary reference groups that greatly influence sport consumption” (p.219). Ways to market to this segment will include offering entertainment such as fireworks, and “Children Run the Bases” nights, along with family discounts on meals and fan memorabilia with the purchase of four tickets. Tuesday ticket purchasers will receive a voucher for a free hotdog, small drink, and small popcorn with individual tickets valued at $18 or more, making it affordable for a family night at the ballpark. Parents want their kids to enjoy themselves at ballparks; the Dallas Stix will have a very child friendly atmosphere where kids can meet and take pictures with the Stix mascot and compete in different games throughout the park for free. Along with promotional giveaways, amenities for the children will create an atmosphere that keeps families wanting to come back. Marketing strategies The research by Fullerton and Merz (2008) suggested one of the more popular techniques of sales promotions and marketing tools are giveaways; designed to encourage attendance and to nurture relationships. Hixson (2005) stated, “both price and non price sales promotions have long been used to increase attendance and market product in the minor leagues” (p.1). According to the research, more promotions and giveaways were done by the teams with less wealth and attendance numbers. Our mission for the families is to make entertainment number one and baseball secondary. In doing so, our job is to offer facilities with the little extras of family-friendly convenience. A minor league game ball, four hot dogs, two sodas, two beers and parking along with promotional ball caps and t-shirts are an example of game day packages that will allow for more value for the families. Armstrong (2008) stated “that based on the influences of family consumers’ sport attendance, many sport teams have made concerted efforts to appeal to and attract families” (p.219) The ballpark will also offer a reading program that will reward all children at completion of the program with free game tickets and the opportunity to be recognized at the beginning of the games. Marketing mix elements for the Family Connectors The product for our family connectors changes to a certain degree and is directed towards the entire experience or better referred to as entertainment. Depending on the age level of the children in the family the actual players may or may not have significance to the children. The older children that look up to the athletes will be able to attend autograph parties so they will be able to meet their icons or heroes. The other children are more interested in the bouncy houses, competitions, and games that will be accommodated for our family connectors in the corridors of the ballpark. Our mascot will also be apparent many times throughout the game for crazy between inning antics, photographs and autographs in the corridors, as well as meet and greet events outside of the ballpark. The promotions for this target market will also encompass post-game fireworks, between inning games and promotions, races around the bases, speed-pitch zones, mascot fan clubs, and many more games within the games. All of these aspects will encompass the marketing mix of our product, price, promotion and people. Secondary target markets The first secondary target segment of the Dallas Stix, the Beisboleros (baseballers). The Dallas Stix have chosen Hispanics as a secondary target market because of several marketing strengths. Hispanics have become a major marketing target for many companies and have been successful. The franchise would like to also take advantage of the benefits of marketing to this market. “Latinos are both the largest ethnic group in the United States and the fastest growing ethnic minority group and will constitute approximately 24% of the nation’s total population” (Harrolle, Trail, Rodriguez, & Jordan, 2010, p. 456). It is estimated that Hispanics have a buying power that exceeds $1 trillion or 10% of the U.S. total (Pieraccini, Hernandez, & Alligood, 2010, p. 32). In the DFW, Latinos comprise almost 40% of the population (Weiss-Armush, 2010). The Hispanic population and their purchasing power is significant in the DFW and be a great target market for the Dallas Stix. Purchasing and lifestyle characteristics Lifestyle characteristics for this group include having a larger family, doing activities as a family, having strong cultural identification, and being strongly influenced by television and radio media. This Hispanic youth factor can be a great opportunity to build the brand of the Dallas Stix. The Hispanic household age tends to be 10 years younger and larger than the non-Hispanic households (Pieraccini, Hernandez, & Alligood, 2010, p. 34). Thirty-one percent of Hispanic families have five or more members versus 12% of non-Hispanic whites (2010, p. 34). Considering larger households and youth, marketing to the Hispanic families can become a great market to create a loyal fan base for years as the family grows older. The Hispanic community tends to be very family oriented. Families tend to do daily and entertainment activities together and children have a very strong influence on the family purchasing decisions (Rizkallah & Truong, 2010). Hispanics tend to be proud of their culture and often identify with Hispanic athletes, celebrities, and the Spanish language in which they are a part of (Pieraccini, Hernandez, & Alligood, 2010). In many cases, Latino fans will not have deep generational fan roots so winning might not be that important and will continue to be loyal (Cordova, 2009, p. 17). Latinos also show to be more avid fans of sports than the general population (Harolle et al., 2010). Marketing strategies This market will be marketed very similar to the middle-class families because of the strong family orientation. Most of the promotions will be the same and will include “Children Run the Bases” and family discounts on meals and memorabilia with family pack ticket purchases. However, the delivery of the promotional message will be different. Spanish television and radio ads will be used on the area’s major Spanish-speaking channels. A Hispanic team member of the Stix will insert a short message in the advertisement inviting the families to the ballpark. “Hispanics who have maintained their native language, heritage, and pride are more likely to possess greater levels of purchase intent for products that are advertised in Spanish” (Wilson, 2007, p.72). The advertisement will have more impact because both the Spanish language and the Hispanic athlete will be used so Hispanic consumers will identify more with the team. A different marketing strategy will be to have Latino nights. The same family discounts can be applied to these nights. Pre-game entertainment will be provided by various sponsors keeping in mind the Hispanic consumers. Hispanic radio stations will also promote and broadcast live before the game. During the game, there will be a bilingual announcer and the music mix will include some Spanish language music. By embracing and respecting the Hispanic culture, including family relationships and language, the franchise will be able to appeal to this target market and form a positive relationship (Pieraccini, Hernandez, & Alligood, 2010). “Members of the [Hispanic community] are often very brand loyal” which makes building this relationship very beneficial to the Dallas Stix in building their brand and fan base (Wilson, 2007, p. 67). Marketing mix elements for the Beisboleros The marketing mix elements include product, place, price, promotion, and people. For the Hispanic market some of these elements will have to be addressed differently. The product offered will be the same but some of the Hispanic team members will be showcased for the Hispanic market. Dallas’ largest minority is comprised of Hispanics so the stadium being centrally located in Dallas is a great place for the Hispanic consumer. The prices will not change but several family oriented promotions will be available for the consumer to take advantage of it. Dallas Stix promotions will appeal to the Hispanic culture, including family relationships, language, and will also use the Hispanic baseball players to create a connection. The people element of the marketing mix is very important to the Hispanic target market. The franchise must understand the Hispanic purchasing and lifestyle to be able to build a relationship with these consumers. Using their very own Spanish-speaking employees and athletes can help build these relationships to build the Hispanic fan base. College Males College males between the ages of 18-25 are another secondary target market for the Dallas Stix. This generation of males has benefitted other companies and organizations due to successful marketing. “The sheer size of this generation coupled with the reported spending habits, makes this segment a desirable target of many corporations and professional sport marketers”(Bennett & Lachowetz, 2004). College males that were born between the years of 1982 and 2003 make up almost 25 % of the US population. This is a great opportunity for Dallas Stix to take advantage of this generation of males. Purchasing and lifestyle characteristics It is important to understand the lifestyle characteristics of consumers in order to increase brand awareness and franchise. Lifestyle marketing is essential strategy to build product awareness. According to Hanan, “lifestyle marketing is a strategy for seizing the concept of a market according to its most meaningful. Recurrent patterns of attitudes and activities, and then tailoring products and their promotional strategies to fit these patterns” (Bennett & Lachowetz, 2004). With that said, there are lifestyle characteristics of college males that can benefit the Dallas Stix franchise. Assuming that college males are single, they have more freedom to spend their money. For example, for a family man he would be more apt to buy things related to his family instead of purchasing apparel or recreational things. “Males with a formal education under the age of 35, has more freedom in spending, more money is used for recreational activities and casual clothes” (Bennett & Lachowetz, 2004). The typical college student lives on campus or at home, and holds a job. Entertainment, personal care, electronics, and food are all large expenses for the male college student. College students represent over 6 billion dollars of buying power, and increase after they graduate and become employed (Martindale, 2010). By reaching out to this group of males early, one can develop a loyal consumer. Marketing strategies The marketing strategy is geared towards the needs of college males. For example, food and entertainment are said to be a large expense for college males. Therefore, the focus should be how one can make the life of a college male easier and cheaper. Some of the strategies include giveaway nights and meal deals. Giveaways nights can include free t-shirts, food credit and coupons that they can use anywhere. Typically college students have a certain budget to go by and only make a certain amount each month. This would meet their needs as far as saving and offering some type of discount for things of interest. Marketing mix elements for College Males All five P’s are essential in building the franchise of the Dallas Stix. Blending all five P’s will escalate consumers to buy your product. Using the secondary market of college males, product, promotion, price, and place are vital when building a positive connection. By offering an affordable product that entertains the audience, consumers will be interested and willing to invest in the product. Implementation of plan To make sure all aspects of the franchise operate smoothly there will be a director of ticket sales, director of concessions, director of merchandise, and a director of media (social, print, television, radio, etc.) In order for the Stix to implement a well developed marketing and sales campaign the organization will hire and train a specialized sales force, and create and maintain a data base that reach appropriate target market segments. The Stix will concentrate on picking promotions, dates and opponents that will maximize sellout possibilities (Mullin, Hardy, & Sutton, 2007). Evaluation and control The Stix organization will research surrounding competition to investigate the inventory, ticket prices, giveaways, and special events to make sure our program is offering competitive business and sponsorship opportunities. Concession stands at other competitions will be assessed to make sure we are also offering items at the right competitive price and taste for increased fan consumption. The organization will keep records of attendance, sales of merchandise, and concessions to be evaluated on a quarterly basis. If the sales increase then the Stix organization will continue with the strategies set forth. If the sales decrease then the organization will reevaluate and be more innovative of new strategies. The Dallas Stix will evaluate yearly to make the target markets are clearly outlined; they will be evaluated based on how well the prices and promotions serve each of the target markets, the extent of the competition and the profit for each market. References Armstrong, K.L. (2008). Consumers of color and the “culture” of sport attendance: Exploratory insights. Sport Marketing Quarterly, 17, 218-231. Bennett, G., & Lachowetz, T. (2004). Marketing Lifestyles: Action Sports and Generation Y. Sports Marketing Quarterly, 13, 239-243. Cordova, T. (2009, April 27). Success begins with understanding the demo. Street & Smith’s Sports Business Journal, 12, 17. Dwyer, B., Le Crom, C. W., & Tomasini, N. (2011). The Richmond what? The naming of a minor league baseball franchise. Sport Marketing Quarterly, 20(1), 56-64. Fullerton, S., & Merz, R. (2008). The four domains of sports marketing: A conceptual framework. Sport Marketing Quarterly, 17, 90-108. Gladden, J. M., Irwin, R. L., & Sutton, W. A. (2001). Managing North American major professional sport teams in the new millennium: A focus on building brand equity. Journal of Sport Management, 15(4), 297. Harrolle, M., Trail, G., Rodriguez, A., & Jordan, J. (2010). Conative loyalty of Latino and non-Latino professional baseball fans. Journal of Sport Management, 24(4), 456-471. Hixson, T. (2005). Price and non-price promotions in minor league baseball and the watering down effect. The Sport Journal, 8(4), 1-5. Howard, T. (2009). Marketers see winner fantasy football. USA Today. Retrieved from: http://www.usatoday.com/money/advertising/adtrack/2009-08-23-fantasy-football_N.htm King, B. (2010). What makes fans crazy about sports? Streets & Smith’s Sports Business Journal. Retrieved from: http://www.sportsbusinessjournal.com/article/65507 Laverie, D. A., & Arnett, D. B. (2000). Factors affecting fan attendance: The influence of identity salience and satisfaction. Journal of Leisure Research, 32(2), 225. Lee, J.W. (2010). Branded: Branding in sports business. Durham, NC: Carolina. Academic Press. Martindale, G. (2010, November 13). A Look at the Spending Habits of College Students. Online University Degree Search - U.S. University Directory - State Universities and College Rankings. Retrieved May 04, 2011, from http://www.stateuniversity.com/ Mullin, B., Hardy, S. & Sutton, W. (2007). Sports marketing (3rd ed.). Champaign, IL: Human Kinetics. Pieraccini, C., Hernandez, L., & Alligood, D. (2010). The Growing Hispanic market. International Journal of Integrated Marketing Communications, 2(1), 29-39. Rizkallah, E. G., & Truong, A. (2010). Consumptive behavior, promotional preferences, and shopping patterns of Hispanic Americans: An empirical perspective. Journal of Business & Economics Research, 8(4), 111-122. Census Bureau. (2010). http://en.wikipedia.org/wiki/Dallas United States Census Bureau. (2010). http://2010.census.gov/2010census/ Uhrich, S. & Benkenstein, M. (2010). Sport stadium atmosphere: Formative and reflective indicators for operationalizing the construct. Journal of Sport Management, 24, 211-237. Weiss-Armush, A.M. (2010). DFW International’s 2010 progress report. DFW International. Retrieved from: http://www.dfwinternational.org/resource_center/2010Report.pdf. Wilson, R. (2007). Acculturation and discrimination in the global market place: The case of Hispanics in the U.S. Journal of International Consumer Marketing, 20(1), 67-78. Yost, M. (2006). Tailgating, sacks and salary Caps: How the NFL became the most successful sports league in history. Chicago: Kaplan Publishing. Yoshida, M., Seikei, B., & James, J. (2010). Customer satisfaction with game service experience: Antecedents and consequences. Journal of Sport Management, 24, 338-361.