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Nature and importance of marketing communications
Nature and importance of marketing communications
Nature and importance of marketing communications
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Every company creates marketing communications (marcoms) strategies that help boost the distinct competitive advantages of their products or services. Egan (2007) defined marcoms as “the means by which a supplier of goods, services, values and/or ideas represent themselves to their target audience with the goal of stimulating dialogue leading to better commercial or other relationships” (p. 1). The use of athlete endorsers is one of the more common marcoms strategies used as effective promotional tools that companies utilize to achieve their goals and objectives (Geurin-Eagleman & Clavio, 2015; Smith & Sanderson, 2015). According to Badenhausen (2015), the world’s 100 highest-paid athletes made $3.2 billion over a one-year period (2014-15). …show more content…
Thus it can be seen that companies are willing to spend millions of dollars on athlete endorsement to enhance their promotional strategies in an attempt to associate their product images with athlete endorsers (Chang et al., 2014; Jones & Schumann, 2000; Stevens, Lathrop, & Bradish, 2003; Stone, Joseph, & Jones, 2003). Athletes often secure multi-million dollar endorsement contracts from companies that want to be affiliated with sports figures (McCarthy, 2015). McCarthy noted that many of the highest endorsement deals with Major League Baseball (MLB) players, National Basketball Association (NBA) players, National Football League (NFL) players, and international soccer players worldwide. These four sports (baseball, basketball, football, and soccer) are team sports and there might be at times limited endorsement opportunities when compared to individual sports. Athletes in individual sports (e.g., tennis, golf, racing, boxing) are more flexible when it comes to getting endorsements from various companies because they are not …show more content…
Most social media sites provide users with the ability to add a picture of themselves on their profiles, and these photos serve a particular role in the online self-presentation context (Siibak, 2010). Previous research has revealed several strategies that are frequently adopted by social media users to construct positive self-images (e.g., Dominick, 1999; Papacharissi, 2002; Tsou et al., 2016; Zhao, Grasmuch, & Martin, 2008) through the use of their profile pictures. Therefore, this study examines how professional athletes portray themselves in social media profile pictures and which online self-presentation strategies they use for their profile
sport celebrities in their ads to entice the viewer. Consumers are encouraged to embrace the characteristics of the sturdy, tough, and swift, athlete through the product. Airing their commercials on sport networks makes for an outstanding target market for a merchandiser.
Celebrity endorsements can make or break a product and even a company. Especially in today’s world many teens will buy a product just predominantly based on who endorses it. For example, Beyoncé promotes both Pepsi and H&M. She is a great representative for both because she is a really big celebrity and she is very well known. She also has a lot of influence. Young girls would love to dress like her and with H&M endorsing her they get that demographic. Pepsi made a good choice because she, like the previous celebrities they endorsement deals with, is a very public figure with a very big name. Many teens and young ...
... sport, but is generally under five years. Therefore, it is the agent’s job to maximize earning potential during and after the athlete’s playing career. At the same time it is the agents job to protect the athlete from overexposure. “The agent must balance the need to maximize exposure with doing what is best personally and professionally for the athlete” (Masteralexis, 1998). This function also includes the agent investing time, energy, and money into the athlete’s career before the player has made it big. If the athlete’s career doesn’t take off, this results in the agent losing money.
Has there ever been a sporting event without some sort of logo, sign, or advertisement? These are all forms of sports marketing and they are the publicity that many companies thrive off of. Sports marketing is a necessary and booming industry that has evolved in the past years. In the article, “Overview of Careers in Sports Marketing,” the author discusses the skills and experience needed for beginners and those looking for low-key entry level sports marketing jobs. Along with the typical list of necessary attributes, if an individual wants to hold a specific more serious position in sports marketing the author of the article “Career and Professional Development: Sports Marketing” explains some of these positions and companies. Mihai Alexandru provides information on how to actually plan and organize specific marketing elements like commercials, advertisements, etc. in his article, “The Strategic Sports Marketing Planning Process”. No matter what, if a person wants to become more in the sports marketing industry they can climb their way up to work with highly successful companies and individuals. Jordan Powell’s article, “From Team Sports to Moto: Matt Piva’s Journey Into The Industry”, introduces a kid named Matt Piva who followed his dream to become the Motocross Marketing Manager and everything he does while sports marketing for individual athletes and events. Red Bull is another company that someone can work for in order to have a job in the sports marketing industry. Red Bull has been highly successful due to the endless list of events and teams they own and athletes they endorse according to Chris Conway in the article, “A Sports Marketing Success Story.” Sports marketing has many different levels; the out-dated and inexperi...
Recently college athletes have been granted permission to work, from the NCAA. Even with this permission, their jobs are still regulated. One regulation to the athletes working is that they cannot work for alumni of the school. The NCAA has this rule because they feel if athletes work for people with close ties to the school then they will be receiving special benefits while working. These special benefits include, (but are not limited to), athletes being paid while not at work and higher salaries then other workers doing the same job (Anstine 4).
The service that the athlete requires of the agent is that the agent be loyal, trustworthy, and always looking out for the best interests of the athlete. Agents that can effectively communicate the athlete’s worth and successfully negotiate the best possible deal for the athlete, whether it is an employment or endorsement contract are ideal for an athlete. Successful promotion of the athlete’s career, assets both physical and intangible, and other opportunities the athlete can bring to the team/product is an essential part of whether an agent is successful or not. The price is the price negotiated in the contract. An athlete is looking for the best deal possible in order to provide for himself and his family. In order to retain clients an agent must always be able to get his client the best deal possible and create ot...
A decade worth of athletes has had the chance to eclipse Michael Jordan in the minds of the consumer. Yet even out of the spotlight Jordan remains the sports personality with the greatest endorsement chops in the U.S.”( Badenhausen).
Early in our course we discussed the uniqueness of sport marketing. We noted that sporting events cannot be replicated. As I worked, I realized that for many of the participants and their families, this event may be a one-time occurrence.
Athletes are offered endorsements to act as a representative for a company to help promote sales. They often are seen in commercials promoting athletic apparel, shoes, sports drinks, food, and other products. Marketing companies know that by associating a product with an athlete it can drastically increase sales.
Celebrities humanize themselves through social media, via selfies. Why are we obsessed with celebrity selfies? What makes celebrity selfies so popular? It is all because of the media. At the...
Sports marketing has mainstreamed sports entrainment and has contributed to the enormity of the industry. The field of sports marketing has grown in importance and in usage by colleges and universities. This growth has encouraged the adoption of new marketing strategies that are aimed at continually increasing game attendance, maintaining and attracting consumers, and seeking out new revenues streams. As a result, marketers have begun to develop strategies to emphasize different efforts and techniques including, but not limited to creative ticket pricing options, championship games, promotional activities, hallmark events, focusing on the overall performances of star players, as well as incorporating new technologies.
The salaries of athletes are extremely high for the effort that they put through. For example, basketball, baseball, and hockey athletes only compete for about 6-8 months a year. Then they have...
One useful way to attract those high-profile student-athletes is selling goods and offering high-quality services, including high-standard facilities, coaches, chances to play in front of thousands of fans (sometimes TV broadcasted), etc. Also, those schools agreed to pay cost of participating intercollegiate athletic events for targeted student-athletes, and the cost would not be covered in scholarship provided. However, in order to acquire those benefits, targeted student-athletes have to let their names and images to be used for commercial use like advertisements and videogames like
One of the most effective ways to promote a brand of a product or service is through endorsement. Marketers use endorsers to promote their brand as it is reachable to many and the level of influence of the people to be the brand’s customers is much likely to be high.
In dealing with New Balance’s weakness in the area of marketing it would be beneficial for the company to find a celebrity to endorse their product line. New Balance has always been against celebrity endorsements which emphasize fashion trends and sway potential customers more by popular personalities than by performance and function. This has severely limited the company’s ability to reach the same kind of global awareness as its competitors. New Balance should find a serious, yet well known athlete who holds to the same kind of ideals as the company, to endorse their brand. This will create the type of brand recognition that they need in order to stay competitive.