students will discover the world of sports marketing and the use of marketing to promote sports and...
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Discover the World
of Sports
Marketing
Discover the World
of Sports
MarketingStandard 1.1
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Standard OneStudents will discover the world
of sports marketing and the use of marketing to promote sports and non-sports businesses in sports.
Students will discover the world of sports marketing and the use of marketing to promote sports and non-sports businesses in sports.
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Objective OneIdentify and understand the
components of the marketing mix as it relates to sports marketing.
Identify and understand the components of the marketing mix as it relates to sports marketing.
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Marketing -- The Definition
The process of developing, pricing, promoting, and distributing products to satisfy customers’ needs and wants.
The process of developing, pricing, promoting, and distributing products to satisfy customers’ needs and wants.
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SportsSports are a source of diversion or
physical activity engaged in for pleasureo Can be spectatorshipo Can be participation and play
Sports are a source of diversion or physical activity engaged in for pleasureo Can be spectatorshipo Can be participation and play
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Sports MarketingSports Marketing uses marketing
elements to meet the goals of a sports property.
Sports Marketing uses marketing elements to meet the goals of a sports property.
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What is Marketed?DURABLE GOODS
NONDURABLE GOODS
SERVICES
IDEAS
DURABLE GOODS
NONDURABLE GOODS
SERVICES
IDEAS
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What is Marketed?PEOPLE
PLACES
ORGANIZATIONS
PEOPLE
PLACES
ORGANIZATIONS
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What is being marketed?
1 2 3 4
5 6 7 8
9 10 11 12
13 14 15 16
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The FOUR P’s OF MARKETING
1. Product2. Pricing3. Promotion4. Place (Distribution)
The FOUR P’s OF MARKETING
1. Product2. Pricing3. Promotion4. Place (Distribution)
Marketing Mix
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Sports Marketing Mix
•Product Strategies•Service Strategies•Pricing Strategies•Promotion Strategies•Distribution Strategies
•Product Strategies•Service Strategies•Pricing Strategies•Promotion Strategies•Distribution Strategies
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Product StrategiesCompanies & teams must create
strategies to promote, manage, sell, service, and evaluate their PRODUCTS.
Companies & teams must create strategies to promote, manage, sell, service, and evaluate their PRODUCTS.
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Product StrategiesCompanies & teams must create
strategies to promote, manage, sell, service, and evaluate their PRODUCTS.
Companies & teams must create strategies to promote, manage, sell, service, and evaluate their PRODUCTS.
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Service StrategiesCompanies & teams must create
strategies to promote, manage, sell, service, and evaluate their SERVICES.
Companies & teams must create strategies to promote, manage, sell, service, and evaluate their SERVICES.
Entertainment…
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Pricing StrategiesCompanies & teams must create
strategies to PRICE the products & services.
Companies & teams must create strategies to PRICE the products & services.
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Promotion Strategies
Companies & teams must create strategies to PROMOTE the products & services.
Companies & teams must create strategies to PROMOTE the products & services.
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Distribution Strategies
Companies & teams must create strategies to DISTRIBUTE the products & services.
Companies & teams must create strategies to DISTRIBUTE the products & services.
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Seven Core Functions of Marketing
Product/Service Management
Marketing-Information Management
Pricing
Promotion
Distribution
Selling
Financing
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Product/Service Management
Designing, developing, maintaining, improving, and acquiring products or services for the purpose of meeting customer needs and wants
Designing, developing, maintaining, improving, and acquiring products or services for the purpose of meeting customer needs and wants
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Marketing-Information Management
Gathering and using information about customers to improve business decision making
Gathering and using information about customers to improve business decision making
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PricingThe process of establishing and
communicating to customers the value or cost of goods and services
The process of establishing and communicating to customers the value or cost of goods and services
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PromotionUsing advertising and other forms
of communication to distribute information about products, services, images, and ideas to achieve a desired outcome
Using advertising and other forms of communication to distribute information about products, services, images, and ideas to achieve a desired outcome
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DistributionDetermining the best way to get a
company’s products or services to customers
Determining the best way to get a company’s products or services to customers
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Selling Any direct and personal
communication with customers to assess and satisfy their needs and wants
Any direct and personal communication with customers to assess and satisfy their needs and wants
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FinancingRequires a company to budget for
its own marketing activities and to provide customers with assistance in paying for the company’s products or services
Requires a company to budget for its own marketing activities and to provide customers with assistance in paying for the company’s products or services
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ProducersIndividuals or Companies which
have products to be sold.
They provide the “supply.”
They are willing to exchange the product or service for something of value.
Individuals or Companies which have products to be sold.
They provide the “supply.”
They are willing to exchange the product or service for something of value.
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Sports ProducersSports Producers May Provide:
o Events for Participation
o Events for Entertainment Viewing
o Sporting Goods and Equipment
o Licensed Merchandise
o Collectables and Memorabilia
o Athlete Training
o Sports Information
o Event Coverage and Distribution
Sports Producers May Provide:
o Events for Participation
o Events for Entertainment Viewing
o Sporting Goods and Equipment
o Licensed Merchandise
o Collectables and Memorabilia
o Athlete Training
o Sports Information
o Event Coverage and Distribution
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ConsumersIndividuals or Companies which
have needs to be met and which have something to exchange.
They create a “Demand.”
They have something to exchange for a product or service and are willing to do so.
Individuals or Companies which have needs to be met and which have something to exchange.
They create a “Demand.”
They have something to exchange for a product or service and are willing to do so.
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Sports ConsumersConsumers exchange money for a
“wanted” good or service.Sports Consumers exchange in
different ways:o Spectators as Consumers
Benefit by watching gameExchange for tickets and
entertainment
o Participants as ConsumersBenefit by playing or participating Exchange for equip. & participation
Consumers exchange money for a “wanted” good or service.
Sports Consumers exchange in different ways:o Spectators as Consumers
Benefit by watching gameExchange for tickets and
entertainment
o Participants as ConsumersBenefit by playing or participating Exchange for equip. & participation
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ExchangesEveryday transactions between
producers and consumers
Typically trading money for a product or service
Everyday transactions between producers and consumers
Typically trading money for a product or service
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Benefits of MarketingAdd UTILITY to goods and
serviceso Added value
Makes buying convenient
Maintains reasonable prices
Provides a variety of goods and services
Increases production
Add UTILITY to goods and serviceso Added value
Makes buying convenient
Maintains reasonable prices
Provides a variety of goods and services
Increases production