Chapter 8 Sports Promotion and Advertising Event Marketing Sanctioned league events are presented by sports franchises. o Licensing, sponsorships, and special promotions are governed by league policies Internationally, various organizations govern worldwide sports. o Promotions are organized by a committee Promotions function in sports to generate sales, attract a targeted audience, and create a positive image. Promotional Mix- Functions of Promotion in Sports 1. 2. 3. Three ways to determine a promotional budget 1. 2. 3. Advertising- Two types of advertising1. Promotional Advertising- 2. Institutional Advertising- 1 The 4 types of Advertising Media Print o Newspapers, magazines, direct mail, outdoor advertising, station posters, stadium signage Broadcast o Radio and television Direct marketing o Many media used to communicate directly with consumers Online advertising o Banner advertising, company Web sites, online promotions Types of Media: Print Newspapers Local; targets customers in home town Magazines Regional or national; large specific audience Direct Mail Personalized message; may be considered “junk mail” Outdoor Advertising Geographically selected audience; short message Station Posters Geographically selected audience; short message; aimed at travelers Stadium Signage Seen by people at an event and television viewers; often used by sponsors 12 2 Sales Promotion is- Types of Sales Promotions Coupons Rebates Samples Premiums Contests Sweepstakes Advertising and Promotional Advantage Companies, teams, and individual athletes have the ability to target their markets and fans with a great variety of medial and promotional tools. Publicity- Public relations- Press Release- Personal Selling- 3 Two types of Personal selling1. 2. Two ways to prepare for the sales process1. Prospecting- involves looking for potential customers or leads. 2. Pre-Approach- involves learning about the products and the potential customers is the basis of this approach. A sports agent would go over with potential clients their physical attributes before going to bat for them. The 7 steps of Professional Selling are 1. 2. 3. 4. 5. 6. 7. 4