SALES PROMOTION Sports Entertainment and Recreation Marketing SALES PROMOTION Sales promotion is a short-term incentive to get consumers interested in buying a product The purpose is to get consumers excited and interested in buying the product SALES PROMOTION Types of Sales Promotion There are a variety of sales promotions, such as: Coupons Rebates Samples Contests Sweepstakes SALES PROMOTION IN SPORTS At sporting events or sports arenas promotional events include: Special events Giveaways items Contests Reduced ticket prices BUSINESS TO BUSINESS SALES PROMOTION (B2B) Sales promotions that target businesses have the same purpose, but take different form Business sales promotion includes: Sampling products Price incentives Free shipping Free merchandise COUPONS Coupons offer some type of price reduction or free merchandise Coupons are redeemed in the store or online REBATES The return of part of the payment made for a purchase used to entice customers to buy Must send receipt and form to the manufacturer for reimbursement SAMPLES Sampling campaign is a fairly common way to promote a new product Sample of a new product are given away to potential customers PREMIUMS Premiums are items that are given away free with the purchase of merchandise Example: Greatest NBA Finals Moments CONTESTS A contest is a game of skill Consumers must perform a task to win a prize Coke Zero contest, Fannovation allowed consumers to submit creative ideas to enhance the consumer experience at the NCAA tournament Top 16 won $1,000 Top 4 won a trip to the Final Four Winner will receive $10,000 SWEEPSTAKES Sweepstakes are a game of chance Participants need only to sign up to be included in the competition Can take place in person or online PAIRED PROJECT 1. You may work with a partner 2. You will be assigned a sports or entertainment event 3. Create 3 sales promotions for your assigned event using: a) PowerPoint or Publisher or Word