Sports and Entertainment Marketing. Final Exam Study Guide. Objectives - Questions 1.09 3 3.07 3 1.01 5 1.10 3 4.01 1 1.02 5 2.01 3 4.02 0 1.03 4 3.01 7 4.03 4 1.04 4 3.02 8 4.04 2 1.05 4 3.03 5 4.05 2 1.06 8 3.04 7 4.06 2 1.07 3 3.05 5 4.07 6 1.08 3 3.06 2 4.08 1 1.01 Acquire information about the sport/event industry to aid in making career choices Impact of Sports Teams on the community Spectators and types of Participants Types of businesses in Sports and Event Marketing Sports teams benefit to the community “Holding a Community Hostage” Spectators and Participants 1.02 Explain the Nature of Sport and Event Marketing Goods and Services Sanctioning Bodies Marketing Sports Marketing Event Marketing Sports Games and Events as a product o Unique Experience Sponsors Organized Participant Unorganized Participant Spectators Marketing the Sporting Event Marketing Sports Goods to Consumers Marketing other Goods through Sports Marketing Goods and Services to the Sports Industry 1.03 Explain Career Opportunities in Sport and Event Marketing Media Relations Merchandising Advertising Sponsorship Manager Promotions Market Research Event Marketing Training and Experience needed for S/E Marketing Jobs 1.04 Explaining Elements of the Sport and Event Product Categories of Sports/Events Products o Combination of Goods and Services Sporting Good Sports Service Owned/Rented Goods Services Athletes Venues Licensed Merchandise Branding Brand Image Consistency Perishability Separability 1.05 Determine Sport and Event Features and Benefits Features and Benefits Sources of information about features and benefits 1.06 Explain the nature of Sport and Event Branding/Licensing/Endorsements/Naming Rights Branding o Brand Awareness o Brand Image o Brand Equity o Brand Loyalty Naming Rights o Exclusivity Licensing o Licensor o Licensee o Licensed Products o Royalties Endorsements o Testimonials 1.07 Explain the Nature of Sponsorship in Sport and Event Industries Sponsorship Exclusivity Ambush Marketing Sponsorship Proposals Reaching Target Market through Sponsorship 1.08 Handling Difficult customers and customer complaints Customer Complaints Reasons for Complaints o Product o Personnel o Business Handling Customer Complaints Preventing Customer Complaints Costs associated with Customer Complaints 1.09 Process a phone order to complete the sale Telephone Orders Steps to taking a telephone order Making mistakes when taking a telephone order Taking an accurate telephone order 1.10 Design Logos and Tickets for Sports and Events Logos Scalability Information on tickets Embedded Watermarks on Tickets Types of tickets o E-tickets o Paper o Mobile Phone Scan o Season Tickets o Single Game Tickets 2.01 Schedule Tournaments Contingency Plan Production Schedule Tournaments o Single-Elimination o Double-Elimination o Round Robin o Match Play o Stroke Play o Scramble 3.01 Describe the Nature of Target Marketing in Sport and Event Marketing Market Target Market Mass Marketing Market Segmentation o Psychographic o Demographic o Geographic o Behavioral Niche Marketing 3.02 Explain the Advertising Media used in Sport and Event Industries Promotion Advertising Types of Advertising o Product Promotion o Institutional Promotion Types of Advertising Media (Describe, and explain advantages and disadvantages) o Newspaper o Magazine o Radio o Television o Satellite Radio o Direct Mail o Online o Out-of-Home o Specialty o Other 3.03 Explain the components of an Advertisement Components of an Advertisement o Illustration o Headline o White-space o Layout o Identification o Copy (text) 3.04 Explain the Nature of Online Advertising Online Advertising o Banner o Pop-up o Rich Media o Advergames o Floating o HTML Search Engines Mobile Marketing o Mobile Videos o Mobile Apps o QR Codes Broadcast Rights Direct Marketing 3.05 Write content for use on Websites Effective Website Content o Concise o Chunking o Jargon o Headlines o Writing Information to post on websites Direct Mail o Formats o Advantages and Disadvantages o Measurable o Effectiveness 3.06 Explain the Nature of email marketing tactics Email Marketing o Advantages and Disadvantages o Spam o Opt-out messages o Subscriptions o Automated Messages o Autoresponders o Attachments Streaming Media 3.07 Write email marketing copy. Execute targeted emails. Types of emails o HTML, Plain Text, Rich Media Components o Links o Signature o Privacy Statement o Request Removal link o Call to Action o Text Email Marketing Recipients o Subscribers 4.01 Sell Advertising Space in Printed Materials What printed materials? o Programs, Team Photo, Tickets, Yearbooks Scarcity appeal 4.02 Capitalize on Celebrity Appearances at Sports and Events Riders 4.03 Utilize Publicity to inform stakeholders of business activities Publicity Press (News)Release o Who sends? o Who decides? o Why? o Hard/Soft Copy o Deadlines o Editors o Captioned Photograph o Mistakes. Grammar and Spelling. o Facts vs Opinion Media Guides o Purpose? Newsletters o Purpose o To Whom? o Information? Media Relations o Public Relations vs Media Relations o Positives and Negatives Media Relationship o Why? o Interactive o Proactive o Reactive 4.04 Design a Program for an Event. Create and Issue Scripts for game-day promotions. Programs o Information o For Whom? o Purpose? o Advertising Revenue Scripts o Why? 4.05. Position Company to acquire desired business image Venue o Attractiveness o Facility o Amenities o Personnel o Security o Traffic o Concessions o Public Transportation 4.06 Explain and select venue signage Venue Signage o Purpose o Types of Signage o Location of Signage 4.07 Develop a foundational knowledge of PRICING to understand its role in marketing. Ticket Pricing o Reasons for varying prices o Factors affecting prices Market Demand o Elasticity Inelastic Elastic Smoothing Cost vs Value (overall price) Objective vs Subjective Pricing Objectives o Consumer o Company o Competition Ticket Pricing Strategies o Scaling the house o Yield Management Pricing o Skimming o Price Penetration o Bundling 4.08 Employ Sales Promotion Activities to inform or remind customers of business and products Sales Promotions Competitive Industry “Out-of-the-box”