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Lim Sei Kee @ cK 1. What is marketing? 2. How to market an event? 3. Define target market. 4. Consider an event you have recently attended, what different types of people were there and how could they be classed into various target markets? How would this information be useful? The key to how an event will be marketed is the target market itself – knowing what kind of people will attend, where they live and how can they be influenced to attend. Marketing is not simply pushing out a few posters and hoping for the best. People have limited discretionary or disposable income, and limited time. There will be finite money, time and staff available for marketing, and these resources need to be planned carefully and used effectively. Research may be required about the target market, as well as a thorough assessment of the competitive environment the event is operating in. Research √ Objectives √ Budget and marketing schedule Functions of budget: obtain the most effective marketing impact for possibly limited money. All marketing is expensive? FALSE. PR (Public Relations) may have quite modest costs and be as effective. The marketing schedule is the one most likely to surprise people new to the job. It is not possible, to create a brochure in a day or two. WHY? - have to decide what to say in it - find suitable pictures or graphics - laid out to look attractive, proofed, checked, returned, amended and checked again This all takes time, if the end result is going to be professional The people who would be coming to a particular event. It might be wrong to think that an event could only have one target market. Who is your potential market? Is your event targeted at the general public, or at a specific group? What sort of age or lifestyle segment will your event attract? Will your event appeal to special interest groups? Are the different segments likely to be responsive to different prices? Part of the process of identifying the target markets for an event involves knowing where your visitors will be coming from. As a ground rule, the more important the event, the larger its catchment area. What kind of activities they would enjoy What publicity material they might respond to This helps to understand the likelihood of their coming to the event. There are a range of influences on why a target audience might or might not attend an event. Possible reasons: weather, no wish to go, others events are ongoing, lack of immediate interest, other reasons. A number of determinants can be seen as being specific to an ‘events buyer’. It is important to have an understanding of who was doing the buying, of who gets the ticket and how you might influence them to do it. Marketing is not just about getting people in through the door. But also ensuring they get the kind of satisfaction from the event that they have been led to expect. EG: IF the visitor expects an excellent, wellorganized, enjoyable and good value event, then the level of satisfaction he/she would have would be very high. Whether your friends might go Whether the price is a major concern Whether the event will be good enough One-off or repeat sales opportunities – is this annual, biannual, occasional? Familiarity – people’s knowledge and awareness Inclination to join in the activity due to personal interest, education, entertainment, relaxation, status, etc Considerations of personal enjoyment, or other satisfaction from the event. In promoting an event, it is necessary to create an awareness of it amongst the target market. EG: Method – posters Market – students Interest phase – stimulating the interest of the target market In any target market, people who are considering attending the event will be seeking a reference mechanism for confirming that the event is what they want. Reference mechanism: word of mouth Solutions: External referents, such as the quality of the advertising material, or the view of critics. Create the desire for the product, through encouraging people to feel that the event will fulfill their particular needs and by generating a positive ‘buzz’ about it. The marketing plan, like the operational plan and the financial budget, will be developed from the event objective, in a number of stages. The nature of the event buying decision and the influencing factors make targeting potential visitors relatively complicated for certain types of event. Review of the event objectives ↓ Marketing audit ↓ Statement of marketing objectives and general marketing strategy ↓ Preparation of the detailed marketing plan ↓ Identification of the system for measuring effectiveness The event marketing officer’s expertise and resources in selling the event may not always be large Marketing is therefore creating general awareness and word of mouth, or responses to enquiries, rather than expensive advertising. Next week: How to market a new event. How to market a repeat event. What influences you to attend an event? Attention Interest Desire Action Attention: - Saw poster Interest - Talked to friends in the class Desire - Motives: Have a good time Action - Ticket seller knocked on the door