Promotions. Sales promotions were invented when the Romans distributed ceramic gladiator bobbleheads to the first 20,000 fans at the Coliseum in 264 BC.

Slides:



Advertisements
Similar presentations
Unit 6 Promotion Chapter 17 Promotional Concepts and Strategies
Advertisements

*Be prepared to discuss with the class!*
2.03 Product Mix.
SEM
An introduction to pricing
Ohio State Mens Basketball Attendance Where are all these fans ???
OKC Scissor-Tailed Fly Catchers Matt Tom C.J.. Location Our sports team is located in Oklahoma city, Oklahoma The sport we choose was Football We decided.
Pricing: Understanding and Capturing Customer Value
CHAPTER 1 Marketing in a Changing World: Creating Customer Value and Satisfaction Objective: Introducing the basic concepts and philosophies of marketing.
2014 “Theme Night” Student Competition Here’s your chance to show your sports marketing savvy, creativity and expertise with a chance to win some really.
Chapter 9 Sponsorship, Corporate
11 Marketing Essentials Marketing Is All Around Us What Is Marketing?
SEM A - Marketing PE - Understand sport/event marketing’s role and function in business to facilitate economic exchanges with customers. PI - Explain.
By: Parker Bean, Tyler Sterner, Shane Swearman, Jaleel Grosvenor.
4.08 Employ sales-promotion activities to inform or remind customers of business/product.
First, Introduce Yourself. “Hi, I’m ____. Tell me a little more about your home here.” Start walking through the home with them.
A market is a series of individual exchanges conducted by pairs of consenting parties for a defined product or service over a specific period of time.
Promotion. Objectives: Promotion strategy options Define promotion and its role in marketing.
MARKETING MANAGEMENT 12 th edition KotlerKeller 18 Managing Mass Communications.
Branding & Licensing. Hmmmm?????? Has anyone seen a Farrelly Brothers or Quentin Tarantino film in the past? Why did you choose to see that particular.
Chapter 11 Marketing Plans. Chapter Overview Lesson 11.1 Promotion Lesson 11.2 Marketing Research Lesson 11.3 Developing a Marketing Plan Lesson 11.4.
1 Integrated Marketing Communications: An Overview.
Canadian Marketing in Action, 6th ed. Keith J. Tuckwell 16-1©2004 Pearson Education Canada Inc. Sales Promotion “Activity that provides special incentives.
Explain the importance and types of selling.
Marketing Plans Created By Memory Reed Promoting Your Products ·Promotion – communicating with a customer through advertising, publicity, sales.
You ordered a meal at Taco Bell for you and a friend. The total of the meal was $ You gave the cashier $ How much change will you receive?
Season Tickets & Premium Seating. Today Quiz Recap Discuss the buyers of season tickets and premium seating Examine trends and opportunities in premium.
Copyright 2000 Prentice Hall13-1 Chapter 13 Pricing Methods.
Fan Zhangz. PROMOTION IS ONE OF THE MARKET MIX ELEMENTS. A PROMOTIONAL MIX SPECIFIES HOW MUCH ATTENTION TO PAY TO EACH OF THE FIVE SUBCATEGORIES, AND.
Copyright © 2007 Pearson Education Canada 16-1 Sales Promotion “Activity that provides special incentives to bring about immediate action from consumers,
4.01 Explain the importance and types of selling..
4.1 Event Marketing Marketing The Event 4.1 The Event.
Sports and Entertainment Marketing © Thomson/South-Western Chapter 1 Slide 1 WHAT IS MARKETING? Marketing Long definition – Planning and executing the.
A Unique Marketing Opportunity For ONE of our SPECIAL CLIENTS in the TriCities! “the ideas and plans contained within are the property of Media General.
Sports and Entertainment Marketing © Thomson/South-Western ChapterChapter Bell Work Please write down your favorite team/show/form of entertainment. List.
Differences in Marketing Sports and Entertainment Events.
Managing Mass Communications. What is Sales Promotion? Sales promotion consists of a collection of incentive tools, mostly short term, designed to stimulate.
4.01 Explain the importance and types of selling..
 Marketing starts with the identification of a specific need on part of the consumer and ends with the satisfaction of that need.  The consumer is.
CHAPTER 1 Marketing: Creating and Capturing Customer Value Objective: Introducing the basic concepts and philosophies of marketing.
4.1 Event Marketing Marketing The Event 4.1 The Event.
4.01 Explain the importance and types of selling.
Bloomington Prairie Thunder Consumer Research Report July 8, 2009.
Keeping Fans in the stands is getting harder to do Claire Viall
4-1 Chapter 4 Sponsorship Objectives and Components McGraw-Hill/Irwin©2007 The McGraw-Hill Companies, All Rights Reserved.
Unit 5, Lesson 1 Copyright (c) Texas Education Agency, All rights reserved.1 Sports and Entertainment Marketing Sponsorship.
SEM A - Pricing PI - Describe pricing issues associated with SEM products PI - Identify factors affecting pricing of SEM products
Fantasy Football Team Financials Team: Name:. Summary ItemExpensesRevenue Player Salary Tickets Sponsors Concessions Parking Merchandise Total Revenue:
Chapter International Sport Marketing R. Brian Crow, EdD; Kevin K. Byon, PhD; and Yosuke Tsuji, PhD C H A P T E R.
SCHAUMBURG BOOMERS SALES PLAN Brandon Bolling. OVERVIEW  The Schaumburg Boomers are an independent league professional baseball team that play in the.
We thank the Office of Research and Sponsored Programs for supporting this research, and Learning & Technology Services for printing this poster. Introduction.
Negotiate Sport/Event Contract & Selling a Venue.
EVENT DISTRIBUTION Sports Entertainment and Recreation Marketing.
Marketing The Event 4.1 The Event. Standard Four Students will assess the importance of event marketing and entertainment in sports. Students will assess.
4.01C Identify the elements of the promotional mix.
Standard Four  Students will assess the importance of event marketing and entertainment in sports.
Chapter 17 Promotional Concepts and Strategies1  Sales Promotion – notes  Begin Promotional Plan Project MARKETING November 6, 2015.
Sports and Entertainment Marketing Sponsorship
MLB All- Star Legends and Celebrity Softball Game Marketing Plan
2014 “Theme Night” Student Competition
What Is Marketing? Simple Definition:
Marketing Communication Mix
Marketing The Event 4.1 The Event.
$100 The process of developing, promoting, pricing and distributing products in order to satisfy customers’ needs and wants.
همايش توجيهي بازاریابی در ورزش قهرماني
Marketing The Event 4.1 The Event.
Pricing Strategies CHAPTER 10.
Marketing The Event 4.1 The Event.
Unit 3 Review Questions.
Presentation transcript:

Promotions

Sales promotions were invented when the Romans distributed ceramic gladiator bobbleheads to the first 20,000 fans at the Coliseum in 264 BC. Corporate sponsors such as Pepsi quickly commercialized these events, offering the first post-game concert. Archival footage is provided here.here

Research on the effects of single-game promotions in Major League Baseball finds that the following have the strongest effects on attendance (in order): 1. Bobbleheads 2. Combination of giveaway and special event 3. Combination of two or more special events 4. Giveaway valued at $5 or more 5. Giveaway valued at less than $5 6. Price discounts 7. Single special event

1. Bobbleheads 2. Combination of giveaway and special event 3. Combination of two or more special events 4. Giveaway valued at $5 or more 5. Giveaway valued at less than $5 6. Price discounts 7. Single special event

Well designed promotions have five characteristics: Clear target and objective Add value Simple Experiential Sponsored And, ideally, promotions should include data capture. Develop a sales promotion for a game that has each of these characteristics. Be specific!

They dont add value. They arent researched with fans prior to launch. They have low payout odds & payoff value. What are some examples of bad promotions you have seen? The Pistons partnered with Arbys to giveaway small curly fries if (a) a player scored a triple-double, (b) fans printed out the box score from the paper, and (c) then went to Arbys to redeem. At this point fans have waited six years for a Piston to have a triple-double.

Fantasy Fun Feelings Friends/Family What promotions have you seen or would you recommend to your university that include aspects of the 4 Fs?

Can you find a sponsor? Good ideas originate in need identification stage in selling the sponsorship. Compare to similar games/dates from previous years? Problem: Promotion- prone simply shift attendance from another game to take advantage of the promotion

Determine if the decision to attend was (a) based on the promotion and (b) (not) in lieu of attending another game. While tracking promotion effects on sales, why should the team simultaneously track perceptions of ticket value and brand image?

MAKE BIG BIGGER Use value-added promotions to make weekend games so awesome that the overall perception of the value of the experience increases. MAKE LITTLE BIGGER Offer promotions to offset poor attendance at unattractive games at unattractive times.

…should be on moving individual ticket buyers to own some form of ticket plan. In the case of the Roughriders, these range from a High 5 Plan, bundled with food, entertainment, and merchandise for one game a month, to full-season ticket plans.High 5 Planfull-season Resources are better spent incenting fans to (a) gain the benefits and status associated with well- designed ticket plans and (b) to perceive games as awesome entertainment experiences. Scarcity and social status are far better motivators at generating demand than price deals. Resources are better spent incenting fans to (a) gain the benefits and status associated with well- designed ticket plans and (b) to perceive games as awesome entertainment experiences. Scarcity and social status are far better motivators at generating demand than price deals.

Like planning a party: its all about relationships and follow-through.

CASES Clear target & objective Add value Simple Experiential Sponsored Lets listen to the guru of group sales: Jeremy Walls.

CASES Clear target & objective Add value Simple Experiential Sponsored How were the examples following the CASES guidelines? WHO SHOULD YOU CALL? Human Resourcesand find out who is responsible for corporate outings Marketing/Salesto sell premium seats for corporate purchases (used to entertain clients)

…are aimed at special interest groups to congregate at the event on the basis of a shared interest. Examples: ethnic festivals, home school night, neighborhood association nights, bike/hog night, state transportation nights (DOT, etc.), and bring your dog to the park.

Getting more money sooner is better.

Experiential events: The team can hold special events in attractive locations with access to players and front office executives. To give you a few ideas, here are examples of season ticket holder parties offered by teams: Sacramento Kings Oakland As Carolina Hurricanes Chivas USA (video highlights of STH party) Chivas USA Recognition/exclusivity: The team can offer hospitality or unique gifts that cannot otherwise be obtained. (Click here for an example.)Click here for an example.) Adding convenience: The team can incent or motivate STH to respond by Stressing benefits of season tickets, such as the convenience of the ticket exchange, special service lines, and early entrance. Offering value through cooperative trade deals (e.g., round of golf at a sponsoring golf course) and merchandise offers (e.g., buy a home-jersey and get the away-jersey free). Create urgency by aiming more desirable benefits and incentives at early and on-time payment plans