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chapter 9 Sport Marketing F. Wayne Blann, Ketra L. Armstrong Introduction • Marketing is – Complex – Crucial to overall success – Carries out the mission of the organization • Defining sport marketing Pitts and Stotlar (2002) Unique Characteristics • Aspects of sport are intangible • Sport is subjective and heterogeneous • Sports are inconsistent and unpredictable • Sport is perishable • Sport involves emotions Mission, Ethics, and Social Responsibility Need to define • • • • Purpose Mission statement Sport marketing practices Being ethically and socially responsible Purpose • Every sport organization has a purpose for existing • Purpose is defined in the mission statement Mission Statement • Reflects values and beliefs • Organizational members work together – Writing the mission statement – Being committed to carrying out the mission • Sport marketing plan is derived from the mission statement Sport Marketing Practices Sport marketing practices should be • Derived from mission statement • Consistent with mission statement • Completed in a socially and ethically responsible manner Being Ethically and Socially Responsible • Being responsible is the best way to position a sport product or event in the market • Being responsible helps ensure long-term marketing success and customer satisfaction Developing a Sport Marketing Plan • Marketing plans serve as road maps or game plans • Marketing plans are key to the success of sport organizations (continued) Developing a Sport Marketing Plan (continued) • Four primary elements of a marketing plan – – – – Product Price Place Promotion Step 1: Identify the Purpose • Clarify the purpose • Examine the organization’s core values • Have clearly defined, measurable goals and objectives Step 2: Analyze the Sport Product • The sport product is three dimensional – Tangible goods – Support services – Game or event itself • The game or event itself is two dimensional – Core product – Product extensions Step 3: Projecting the Market Climate • Assess the sport climate • Assess the past market climate • Forecast the future market climate • Conduct a SWOT analysis Step 4: Positioning the Sport Product • Definition Shank (2002) • Objective of positioning – Differentiate from competition – Create a distinctive image (continued) Step 4: Positioning the Sport Product (continued) • Verbal and nonverbal communications – – – – – – – Logos Symbols TV and radio advertisements PSAs Press releases News articles Feature articles (continued) Step 4: Positioning the Sport Product (continued) • Distinctive markets – Primary – Secondary • Branding – Name, design, symbol, or any combination – Allows an organization to distinguish and differentiate itself Step 5: Analyzing and Targeting Consumers • In other words, “picking the players” • Market research – – – – Demographic segmentation Psychographic segmentation Media preference Purchasing behavior (continued) Step 5: Analyzing and Targeting Consumers (continued) • Market segmentation – Create clusters according to selected characteristics – Used to identify target consumers who have similar wants, needs, and interests – Able to identify specific consumers (continued) Step 5: Analyzing and Targeting Consumers (continued) • Target marketing – Identify specific consumer groups that will most likely buy company’s products – Develop a strategy to reach them – Customize the elements in the marketing mix Step 6: Packaging the Sport Product Presenting the product in the best possible manner • Packaging the core product • Packaging the product extensions • Licensed merchandise • Sponsorship Step 7: Pricing the Sport Product • Marketers should consider four factors when developing a pricing strategy – – – – Consumer Competitor Company Climate (continued) Step 7: Pricing the Sport Product (continued) • Determining the value of a product – Consumers have attitudes, preferences, beliefs, and expendable money – Product is unique to each consumer – Prices are based on consumers’ interest, ability, and willingness to commit time and money (continued) Step 7: Pricing the Sport Product (continued) • Final analysis – Determine how consumers perceive the value of the product compared with all competing products – Offer consumers a satisfying consumption experience Step 8: Promoting the Product Promotions are the most visible aspect of the marketing plan • • • • • • • Advertising Publicity Activities and inducements Public relations Community relations Personal selling Sponsorship Step 9: Placing the Sport Product • Place refers to – Location of the sport product – Point of origin for distributing the product – Geographical location of target markets – Other channels through which target may access product (continued) Step 9: Placing the Sport Product (continued) • Sport is unique in the way that it is distributed to consumers – Attending sport events – Nationally and globally – Ticket distribution Step 10: Promise of the Sport Marketing Plan • Requires obtaining feedback – From inside sources – From outside sources • Requires analysis and evaluation of feedback • Linkage • Being proactive Challenges and Directions in Sport Marketing • Pressure to increase sales – To generate increased revenues – Risk exaggerating or misrepresenting products • Technology – Rapidly changing – Select technology to stay competitive and remain on the cutting edge (continued) Challenges and Directions in Sport Marketing (continued) • Nuances in the marketing plan Hip-hop genre • Consumer diversity – Racial and ethnic influences – National and global markets – Developing appropriate and acceptable intercultural communications