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Components of the sports marketing mix
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Sports marketing:
In sports it has been assumed that the original form of game is attractive and thus satisfies consumer needs. Sports is the exception. Because it is live, and because there is so much free publicity around major events—everything from water-cooler gossip to blogs to newspapers—sports breaks through the static. It is one of the few areas (music and fashion are others), where people are admittedly passionate. And the above mentioned attributes of sports make it a perfect marketing tool. Sports marketing is unique because marketer cannot control the core product. The output of the sport is never the selling point for any marketer and thus it is always an intangible product. No sport is marketed on the winning or losing as that
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These flavours were also made available in the host countries like Sri Lanka and Bangladesh .Before the launch the campaign was considered to be an innovative measure and was a 360o communication of the campaign was done across multiple mediums ranging from print to TV to radio. The company aimed to increase the brand share through the campaign. The marketing manager Ved Vyas said ,” Event-focused branding is an effective marketing strategy to excite the consumer about any launch. It works even better if we offer something unique that is engaging and experiential. We are a global corporation and we pick and borrow ideas from other countries to devise strong marketing strategies. We are also considering the upcoming IPL matches as an opportunity and would come up with innovation and strategy around that time” . India was decided to be the key market, as we were hosting the event and Pepsi being the youth brand expected the sales to boost due close connection between World Cup, Youth and …show more content…
They expected audience to closely relate with the colour of the drink with the cricket spirit. This campaign was expected to give a push to the sales during the world cup. But the color resembled phenyl, the floor cleaner very closely and thus consumer was reluctant to use the same.
Another reason for the product innovation not to work was the same, that consumer has basic attachment with the normal black coloured Pepsi and consider it to be a part of their happiness and celebration. The age long association is not easy for any product innovation to overcome. The taste, the colour of the product was also not appreciated by the user and thus it was a huge failure for Pepsi.
The packaging and colour play a major role in driving human psychology to get into buying a new product. Certain aesthetic factors over weigh the sports spirit especially when it is related to food items and consumables. After all the surveys conducted it was established that people prefer taste over colour and
I have choosen to use th XFL as a marketing vehicle for my energy/supplement bar. The XFL has been able to position itself as a fast paced hardcore football league. The nature of the leage would compliment the nature of my product in that people will assosiate my product with the action on the field. The league is focusing on a younger active audience and that is the same target market that I am looking to reach with my product. The high awareness and anticipation for the league makes this an ideal time for my product to be introduced to the market.
Shank, Matthew D. Sports Marketing: A Strategic Perspective. Upper Saddle River, N.J: Pearson Prentice Hall, 2009. Print.
Athletes are a big part of the business community. The media exposure athletes receives cause them to be perceived more as celebrities. It causes them to have a greater impact in the marketing and selling of products. For instance, the tremendous amount of media coverage that Michael Jordan received gave him a prominent role in the business world. Athletic companies and various kinds of businesses wanted him to endorse their products. Now, because of his Nike endorsement, the athletic apparel and shoe industries are a big part of the American economy. Through endorsements companies now look upon athletes to strengthen their products. In most cases, this method is usually successful. This gives an overall boost to the economy, hence fortifying athletes’ significance.
Sports marketing has made its way directly to the fans. In the past, only the extremely devoted fans would check on their teams online but now, the norm has changed. Now the devoted fans learn new information before anyone else, and even get rewarded for it. In the article “The Passion of the Fan”, by Stewart Feil, fans are being rewarded for posting about their favorite teams on social media. The reason this is possible is because mobile apps have greatly contributed to the way fans follow their teams. In “Sports marketing and technology with the New England Patriots”, by Michael Krigsman, it reveals that fans have the capabilities of sending their favorite teams their input about the team. The most amazing part is their voice is being heard. Tracy Keller reveals how deeply mobile apps have helped fans and teams interact in her article, “The Rise of Mobile in Sports Marketing.” She goes into detail on how fans are closer to their favorite teams through new mobile technology involved in sports. To go along with mobile apps, websites are bringing new life into sports and professional teams. In Greg Johnson’s article, “Big-time backers are trying to breathe new life into high-flying sport of Slamball”, it discusses how Youtube has allowed Slamball to keep its fame, and it is also reviving the sport at the same time. Sports and fans have always been together. Sports marketers have made the interactions between fans and teams closer through social media, websites, and mobile technology.
The Current Scale and the Economic Importance of the Sports Industry Over 100 years ago the scale of the sports industry has increased gradually. Not all sports have followed in the same path or footsteps. A slow increasing level of control has been affecting the sports industry since 1960Â’s. Mainly standardisation and commodification of sport. More money has been put into the industry equivalent with the efforts that the sports organisations have put in, to increase their potential at the professional end of the scale, and the voluntary end they remain sustainable.
The notion of "marketing myopia" has haunted marketers since Theodore Levitt published his famous article "Marketing Myopia" in Harvard Business Review in 1960. Levitt argues that companies which narrowly focus on the product to the detriment of customer requirements (i.e., dispensing with the marketing concept) suffer from marketing myopia. Myopia or shortsightedness is often apparent within organizations. Several types of marketing myopia can be identified including classic myopia, competitive myopia and efficiency myopia. Companies displaying one of these three elements are clearly distinguishable from innovative firms which embrace the marketing concept in practice and which have a much broader scope than is required for a single business sector. In order to overcome myopia and become innovative, the following is recommended:
On page 111, the power of Cultural and Political authority has been discussed. As Mountain Dew was grabbing share points for its brand, Coca-Cola Company’s senior management felt jealous and launched Surge supporting it with a clever campaign by Leo Burnett. However, Surge was abandoned by the consumers in less than two years. Mountain Dew remained on the top because Mountain Dew performed myths that resolve the acute anxieties in consumer’s lives. The Coca-Cola Company failed to understand how brand equity worked for Mountain Dew.
1975 heralded the Pepsi Challenge', a landmark marketing strategy, which convinced millions of consumers that the taste of Pepsi was superior to Coke. Simultaneously, Pepsi Light, with a distinctive lemon taste, was introduced as an alternative to traditional diet colas. In 1983 Coke launched aspartame/saccharin blend Diet Coke. In response in 1989 Pepsi-Cola introduced an exciting new flavor, Wild Cherry Pepsi. Thus Diet Pepsi's 'The Other Challenge' campaign was based around a 54-46% lead over Diet Coke in independently researched taste tests in Australia. It was only in 1996 that Pepsi unveiled a revolutionary 'blue' look worldwide 'to transform the image and attitude' of one of the world's best-known brands. 'Pepsi Blue represents a quantum leap into the future and redefines how the Cola Wars will be fought and won in the 21st Century.'
There was a marketing fad in early 1990s equating clarity with purity. Just to name a few, Miller Brewing Co. came up with Miller Clear(March 1993), Coors Brewing Co. came up with Zima Clearmalt (1992), Procter & Gamble came up with Ivory clear liquid hand cleanser and Colgate-Palmolive came up with Clear Sparkling fresh dishwashing liquid. Last but not least, PepsiCo came up with Crystal Pepsi in April 1992.
Since neither of the products created the measurable sales and market share increase Pepsi needed, PepsiCo International (PCI) executives conceived of a plan to create a new tagline and re-brand all existing Pepsi products, signage, advertising materials and in-store display units. The executives envisioned a simultaneous, global campaign that would create stronger brand equity and resonance in the consumer consciousness.
Turquoise itself elicits a mental response, creating a sense of stability, order, and introspection. While the feeling of stability and order create an association between the product and the ideas of order and stability, the use of a color that promotes introspection causes the consumers to reflect upon their needs. By using turquoise, the advertisement calls into question the needs of the consumer while presenting a product, which is done in order to trick consumers into believing they need the product advertised. Furthermore, the use of white promotes the idea that the product achieves its goal of cleanliness and neatness. White represents neatness, cleanliness, purity, and hygiene, all of which consumers look for in a product such as cat litter.
While in class, I didn’t quite agree with the idea that commercialization could completely corrupt sport with a more attuned understanding of the Corruption Thesis; I now understand how it could and where many critics of sports commercialization are coming
The main purpose of advertising is to sell a product or service to the consumer market. Advertising uses many different types of appeal and a number of media to achieve a variety of goals. Advertising is the most effective means to get the word out about products, services, events, charities, and just about anything else that one can think of. Where would sports be today without advertising? Advertising in sports has helped the sports world grow into one of the most profitable industries in the world.
It will resume in debating which soda taste the best, which brand looks the best, and which one will compete in bringing more income between the two sodas.We often have a Pepsi or a Coke when we are hanging out with our friends, or even just simply when watching the television. Sometimes we go in for the taste, sometimes for the sheer pleasure of gulping it down, and maybe due to its popularity, and yet some prefer to just have only one out of the other drink mostly (Kumar). Therefore, which side would you choose to be on, Coca-Cola or Pepsi? You
Athletics in this country are bigger than ever. Today, more people are attending sporting events than ever before. Sports have a truly unique ability; they bring people of all races, genders, and social classes together forming one common bond, the well-being of the home team. For all the good sports bring, however, a growing majority of fans are becoming more and more disenchanted with the high priced industry.