Chapter 15 Segmentation of the Sports Market McGraw-Hill/Irwin 15-1 ©2007 The McGraw-Hill Companies, All Rights Reserved Introduction and Review • “The Mass Market Is Dead” • “One-Size-Fits-All” Strategy is Obsolete • Mass Marketing versus Differentiated Marketing 15-2 Differentiated Strategies • Marketing Mix Tailored to Each Selected Target Market • Not Everyone: – Wants the same products – Shops at the same types of retail facilities – Will pay the same prices – Is motivated by the same promotions 15-3 Market Segmentation • As Relevant for Sports Products as It Is for Non-sports Products such as Cars, Fast Food, Restaurants, Beverages, and University Programs 15-4 Steps in Target Marketing • Market segmentation – Dividing a market into smaller groups of buyers with distinct needs, characteristics, or behaviors requiring separate products or marketing mixes • Target marketing – Evaluating each market segment’s attractiveness and selecting one or more to enter • Market positioning – Setting the competitive positioning for the product and creating a detailed marketing mix 15-5 Market Segmentation • No single way to segment a market • May combine more than one variable to better define segments • Best to use multiple approaches in order to identify smaller, better-defined target groups. – Start with a single base and then expand to other bases. 15-6 Key Segmentation Variables • • • • • • Geographic Demographic Geodemographic Psychographic Behavioral Product related 15-7 Geographic • • • • World region or country Region of country City or metro size Density or climate 15-8 Demographic • Age, gender, family size, family life cycle, income, occupation, education, race, religion, etc. • Most popular bases for segmenting customer groups • Easier to measure than most other types of variables 15-9 Age and Life-cycle Stage • Example: P&G has different toothpastes for different age groups • Avoid stereotypes in promotions • Promote positive messages 15-10 Modern Family Life Cycle 15-11 Income • Identifies and targets the affluent for luxury goods • People with low annual incomes can be a lucrative market • Some manufacturers have different grades of products for different markets 15-12 Demographics 15-13 Demographics 15-14 Geographics • Urban vs. suburban – Basketball versus soccer • One part of country vs. another – Skiing versus golf • One country vs. another – Cricket versus baseball 15-15 Geodemographic • Claritas, Inc. – Potential Rating Index for Zip Markets (PRIZM) – Based on U.S. Census data – Profiles on 260,000 U.S. neighborhoods – 62 clusters or types 15-16 Psychographic • Social class • Lifestyle • Personality 15-17 Psychographics (Lifestyle) 15-18 Behavioral • Occasion segmentation – Special promotions and labels for holidays • e.g., Hershey Kisses – Special products for special occasions. • e.g., Kodak disposable cameras • Benefits Sought – Different segments desire different benefits from products. • e.g., P&G’s multiple brands of laundry detergents to satisfy different needs in the product category 15-19 Behavioral (cont.) • User Status – Nonusers, ex-users, potential users, first-time users, regular users • Usage Rate – Light, medium, heavy • Loyalty Status – Brands, stores, companies 15-20 Product-Related Variables • Level of Use – Season ticket buyer versus infrequent buyer • Loyalty – Long-term versus new season ticket buyer • Benefits Sought – Social outing versus entertainment by athletes 15-21 Six Segments of Sports Fans • • • • • • Players Patriots Appreciators Socialites Friends Voyeurs 15-22 Players • Those who play a sport are more likely to be a fan of that sport • Example: Golfers are most likely group to attend or watch a golf tournament on TV 15-23 Patriots • National Pride – England vs. France • Regional Pride – New York vs. Boston • Important segment for international competitions such as the Olympics, the World Baseball Challenge, and the World Cup of Soccer 15-24 Appreciators • Admiration of players’ skills • Desire to witness excellence • Not as concerned about who wins 15-25 Socialite • Seeks sports event where interaction with friends is facilitated • Tailgating • Members may not be very knowledgeable of the sport or event they are attending 15-26 Friends • Watch friend or family member compete • May have limited knowledge of sport • Important for minor sports and events – High school sports – Amateur recreational sports 15-27 Voyeurs • Drawn by the sex appeal of sport or individual athletes • Skimpy attire (Beach volleyball) • Attractive participant (Anna Kournakova) 15-28 Criteria for Segment Sports Fans • • • • • • Involvement Participation Social needs Identification Appreciation of sport Sex appeal 15-29 Overview of Fan Market 15-30 Participation Market • Players rather than spectators • Segmentation still important • Same basic categories of segmentation criteria can be applied – e.g., demographics, psychographics 15-31 Aggregate Participation Market • • • • • Excitement-seeking competitors Getaway actives Fitness driven Health-conscious sociables Unstressed and unmotivated 15-32 Excitement-Seeking Competitors • Prone to engage in risky activities – Bungy jumping, extreme sports • Predominantly male • Relatively young • Generally single 15-33 Getaway Actives • Fun with family and friends – Skiing, camping, hiking, golf • Vacation prone • Social motives • Both sexes 15-34 Fitness Driven • Activities requiring strength and stamina – Running, aerobics, martial arts • College graduates dominate this group • Predominantly female 15-35 Health-Conscious Sociables • Activities that foster good health – Walking, light cardiovascular exercise • Older participants • Predominantly female 15-36 Unstressed and Unmotivated • • • • Prone to be inactive Generally older (both sexes) Few activities appeal to this segment Little marketers can do to induce activity by members of this segment 15-37 Sport-Specific Segmentation • More insight than with segmentation of the aggregate participation market • Used to identify homogeneous segments • Applicable for any participation activity – Golf, bowling, poker, skiing, tennis, hunting 15-38 Targeting • Evaluating various segments and selecting the one(s) that promise(s) the best ROMI • Successful targets must be: – Sizable – Measurable – Reachable – Demonstrate behavioral variation – Actionable 15-39 Evaluating Market Segments • Segment Size and Growth – Analyze current segment sales, growth rates, and expected profitability • Segment Structural Attractiveness – Consider competition, existence of substitute products, and the power of buyers and suppliers • Company Objectives and Resources – Examine company skills & resources needed to succeed in that segment – Offer superior value and gain advantages over competitors 15-40 Target Marketing Strategies • Undifferentiated (mass) marketing – Ignores segmentation opportunities • Differentiated (segmented) marketing – Targets several segments and designs separate offers for each • Concentrated (niche) marketing – Targets one or a couple small segments • Micromarketing (local or individual marketing) 15-41 Micromarketing • Tailoring products and marketing programs to tastes of specific people and locations – Local Marketing: Tailoring brands and promotions to the needs and wants of local customer groups – Individual Marketing: Tailoring products and marketing programs to the needs and preferences of individual customers 15-42 Factors in Choosing a Market Coverage Strategy • • • • • Company resources Product variability Product’s life-cycle stage Market variability Competitors’ marketing strategies 15-43 Positioning for Competitive Advantage • Product’s position is the way the product is defined by consumers on important attributes, or as the place the product occupies in consumers’ minds relative to competing products. – Perceptual position maps can help define a brand’s position relative to competitors 15-44 Perceptual Mapping Positioning - Finding a way to fix your product in the minds of consumers high price conservative extreme low price 15-45 Perceptual Map for Sports 15-46 Choosing a Positioning Strategy • Identify a set of possible competitive advantages on which to build a position • Choose the right competitive advantages • Select an overall positioning strategy 15-47 Identifying Possible Competitive Advantages • Key to winning target customers is to understand their needs better than competitors do and to deliver more value • Competitive advantage – extent to which a company can position itself as providing superior value – Achieved via differentiation 15-48 Identifying Possible Competitive Advantages • • • • Product differentiation Services differentiation Image differentiation People differentiation 15-49 Positioning Errors • Underpositioning – Failing to really position the company at all • Overpositioning – Giving buyers too narrow a picture of the company • Confused Positioning – Leaving buyers with a confused image of a company 15-50 Choosing Right Competitive Advantages • • • • • • • Important Distinctive Superior Communicable Preemptive Affordable Profitable 15-51 Overall Positioning Strategy • Full positioning of the brand is called the brand’s value proposition • Potential value propositions include: – More for More – More for the Same – The Same for Less – Less for Much Less – More for Less 15-52 Communicating and Delivering the Chosen Position • Company must take strong steps to deliver and communicate the desired position to target consumers • Marketing mix efforts must support the positioning strategy • Must monitor and adapt the position over time to match changes in consumer needs and competitors’ strategies 15-53 Segmenting the Golfer Market • • • • Different levels of playing ability Different motives for playing Different attitudes toward practice Differing frequency of play 15-54 Five Segments of Golfers • • • • • Competitors Players Sociables Aspirers Casuals • Recognizing different segments allows golf marketers to better satisfy various groups of customers 15-55 Closing Capsule • “One-Size-Fits-All” clothing results in consumers wearing clothes that don’t fit • Developing one marketing mix for all consumers is equally ineffective • Market segmentation and resulting differentiated marketing strategy provide better fit for each consumer 15-56 Closing Capsule • Market is segmented using relevant criteria • Target markets are selected from array of identifiable market segments • Corresponding marketing mix is developed for each selected target market 15-57 Closing Capsule • Segmentation is appropriate for: – Aggregate fan market – Fans of a particular spectator sport – Aggregate participation market – Participants of a particular activity 15-58