Sports and Entertainment Marketing The Sales Process Copyright © Texas Education Agency, 2011. All rights reserved. 1 Copyright Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Copyright © Texas Education Agency, 2011. All rights reserved. 2 Pre-approach Salesperson learns everything possible about the products and services offered, the target market, and the competition. Copyright © Texas Education Agency, 2011. All rights reserved. 3 The Approach First contact with the customer Gain the customer’s interest and attention Copyright © Texas Education Agency, 2011. All rights reserved. 4 Demonstration Salesperson enthusiastically presents the product Salesperson addresses the needs and concerns of the customer Copyright © Texas Education Agency, 2011. All rights reserved. 5 Answering Questions Customer may voice objections to the product or service Field customer’s questions and concerns Copyright © Texas Education Agency, 2011. All rights reserved. 6 Closing the Sale Customers make the decision to buy Suggestion selling Copyright © Texas Education Agency, 2011. All rights reserved. 7 Follow-up Establishing long-term relationships with customers Follow-up communication from the salesperson to the customer Copyright © Texas Education Agency, 2011. All rights reserved. 8 Personal Selling Address any concerns that may be causing hesitation on the part of the consumer. Offer information, demonstrate the product, make comparisons with similar products. Copyright © Texas Education Agency, 2011. All rights reserved. 9 Personal Selling Tell stories about personal experiences with the product, answer any questions. Copyright © Texas Education Agency, 2011. All rights reserved. 10 Personal Selling is Effective For: Expensive, complex products Markets with a few large customers Unfamiliar, unique products Customers in a limited area Complicated, long decision-making processes Customers who expect personal attention and help with the decision-making process Copyright © Texas Education Agency, 2011. All rights reserved. 11 Management Skills and Knowledge for Salespeople Know the product Know the customer cold calling leads Copyright © Texas Education Agency, 2011. All rights reserved.) 12 Understand Customer Decisions Recognize a need for a product or service Search for information about the alternative products and services available Evaluate all of the options to see which one best fits their needs Reach a decision and buy the product or service Evaluate their purchase decision Copyright © Texas Education Agency, 2011. All rights reserved. 13 Manage Customer Information Build a customer base and carefully schedule time spent with customers Know the competition 14 Copyright © Texas Education Agency, 2011. All rights reserved. Ticket Sales Ticket brokers-registered businesses that legally buy and sell tickets to a variety of entertainment events and guarantee ticket authenticity. Ticket scalpers-sell tickets to major sporting events, often outside the venue on the day of the event, at inflated prices. Ticket frenzy-getting caught up in the heat of the moment and rationalizing that what may be a once-in-a-lifetime event is worth the big price tag. 15 Copyright © Texas Education Agency, 2011. All rights reserved. The Ticket Economy Ticketmaster-controls the sale of tickets for most venues in the country and some international countries (i.e., Brazil, Turkey) Concert tickets usually go on sale at 9 or 10 a.m. on Saturdays Greatest volume of online sales happens in the first hour on Saturday mornings 16 Copyright © Texas Education Agency, 2011. All rights reserved. Work the System Buy over the Internet. Save time-register your credit card and mailing address on the web site before the on-sale date so you are ready to go. Log on to the site a few minutes early, preferably with a high-speed Internet connection. Copyright © Texas Education Agency, 2011. All rights reserved. 17 Work the System If the concert sells out, check back with the website for a few days - additional dates may be added to the tour. Try again on the day before the show or even the afternoon of the show. Copyright © Texas Education Agency, 2011. All rights reserved. 18 Super Bowl Tickets NFL Ticket Lottery Winners are allowed to buy two tickets at face value ($600 each). 500 pairs of tickets are available through the lottery. Copyright © Texas Education Agency, 2011. All rights reserved. 19 National Association of Ticket Brokers Code of Standards and Ethics 200% guarantee When a broker fails to deliver promised tickets, a refund equivalent to 200 % of the purchase price is due. Copyright © Texas Education Agency 2011. All rights reserved. 20 Beware of Ticket Scams Fraudulent ticket sales for the Super Bowl Avoid wire transfer of money to purchase tickets Copyright © Texas Education Agency 2011. All rights reserved. 21 Group and Corporate Sales Group Packages special ticket prices to members of a group when tickets are purchased in large quantities of 15 or more tickets Special Privileges contributors to universities have priority for special seating at sport events season tickets and suites Copyright © Texas Education Agency 2011. All rights reserved. 22 Corporate Perks Teamwork and bonding of employees Social outings to sporting events Travel to exotic places Luxury boxes at sporting events to entertain business guests Club seats-premium stadium seats that provide another source of high revenue (roomy, rationed) Copyright © Texas Education Agency 2011. All rights reserved. 23