GUIDED NOTES 3.02 – Understand promotional channels used to communicate with targeted audiences. Explain advertising media used in the sport/event industries I. Define Advertising Media a. _________________________: i. Any paid form of non-personal communication ii. Has an identified sponsor iii. Used to inform, persuade, and remind consumers about a good or service b. _________________________: i. The form of communication ii. Examples: TV, Radio, Newspaper, Online II. Types of Advertising a. __________________________________________________: i. Designed to sell the reputation of the company or organization. Not to sell a specific product. b. __________________________________________________: i. Designed to sell a specific product or service. c. _________________________: i. A celebrity or athlete is a paid spokesman for a product or company. d. _________________________: i. Typically a non-celebrity, that explains the advantages and positive experience they have had with a product or company. III. Types of Advertising Media a. Publication (Print) Media i. A written form of communication ii. Types: 1. _________________________ a. Newspapers come in many varieties such as National, Regional, City, and Local b. Examples: i. Coupon Ad ii. _________________________ iii. Informational Ad c. Advantages: i. Low cost, quick, and easy to produce ii. iii. Variety of advertisement size and pricing iv. v. Target a specific geographic market. 1. Ex: Charlotte Observer and South Charlotte Weekly d. Disadvantages: i. ii. Short lifespan. Discarded shortly after reading. iii. Poorer color and print quality 2. _________________________ a. Types of Magazines i. Sports ii. ________ iii. Special Interest iv. Fashion v. ________ vi. Travel and Leisure b. Advantages: i. Wider circulation. ii. vii. viii. ix. x. xi. xii. xiii. xiv. ________ Regional ________ Home and Garden Animals ________ Fitness Health iii. High quality color and pictures iv. Target market based on demographics. 1. Ex: Sports Illustrated for Kids v. _________________________ ___________________ (Psychographic) 1. Ex: Golf Digest c. Disadvantages: i. Professional Preparation needed - raising the costs ii. Lengthy preparation times - information is less timely iii. 3. Journals b. Broadcast Media i. Broadcast Media is any visual or auditory form of communication. ii. Types: 1. _________________________ a. Advantages: i. Consumers listen in cars, home and at work ii. iii. Short preparation time iv. Target specific geographic markets v. 1. Ex: Spanish-speaking stations vi. Target specific psychographic markets 1. Ex: Sports, Country, Top 40 b. Disadvantages: i. ii. Messag has short lifespan iii. Commercial Clutter iv. I-pods, I-pads, E-books, Cell phones . . . Who is listening to radio? 2. _________________________ a. Advantages: i. Consumers are reading less, and watching more. ii. iii. The product is seen in “action.” iv. National Ads reach an extremely large audience. 1. Ex: During the Super Bowl v. Local and Regional channels allow for target marketing. 1. Ex: Fox Sports South, Charlotte’s News Channel 14 vi. 1. Ex: The Big10 Network, NFL Network, Food Network b. Disadvantages: i. Very High Costs ii. iii. Lengthy productions times 3. Satellite Radio c. Direct-Mail i. Advertising that is distributed directly to the potential consumer through the mail. ii. Types: 1. Personalized Letters 6. ________________ 2. ________________ 7. Invitation Letters 3. Brochures 8. Awards and Prize Letters 4. Coupon Mailers 9. ________________ 5. Company Newsletters 10. Offers and Sales iii. Advantages: 1. Little wasted circulation 2. 3. Target market can be segmented in many ways 4. Customer Specific 5. Personally address the customer 6. iv. Disadvantages: 1. 2. Increasing cost of postage d. Online (Web) Media i. Advertising messages that appear on the internet. ii. Examples: 1. ________________ 2. Pop-up Ads 3. ________________ 4. Commercials (Before watching a video online) 5. ________________ 6. Social Media e. Out-of-Home Media i. Any type of message that reaches the customer outside of their home. ii. Types: 1. ________________ 2. Billboards 3. Public Transit 4. ________________ 5. Stadium Signage iii. Advantages: 1. 2. Target specific geographic area. 3. iv. Disadvantages: 1. Only a short message - Due to low exposure time. 2. f. Specialty Media i. Promotional messages on everyday items - Typically inexpensive. ii. Wide Variety of forms: 1. Pens/Pencils 5. T-shirts 2. ________________ 6. ________________ 3. Key Chains 7. Calendars 4. ________________ 8. Sports Equipment 9. http://www.qualitylogoproducts.com/lib/20-weirdest-promotional-products.htm g. “__________________________________________________” Media i. http://neadcorp.com/vid/ 1. Grocery store carts ii. http://www.adventureballoon.com/advertising.htm 1. Hot air balloons iii. Advantages: 1. Reach target market in a friendly, casual manner 2. 3. Market segmentation use is very good 4. iv. Disadvantages: 1. Message is ignored 2. 3. May not be your target market consumers 4. Lack of good method to measure effectiveness IV. Trends in Advertising Media a. __________________________________________________ i. Twitter and Facebook advertising b. Advertising on sports uniforms i. NBA just approved for 2012-13 season c. Commercials before _________________________ Video d. Adapt promotional messages for _________________________ Markets i. Need to know different cultures so not to offend 1. Example: Concert performers