EXPLAIN TICKETING AND SEATING ARRANGEMENTS SEM2 3.01.

Slides:



Advertisements
Similar presentations
Place (Distribution).
Advertisements

Session #4 Pricing & Marketing Distribution Channels
Substance of the Fashion Industry
Chapter 1 Understanding Marketing
Sports & Entertainment Marketing Pricing. Welcome to: The Price is Right!
Channels of Distribution Getting goods to the consumer.
Channels of Distribution
UK Groups / Corporate Sales Department An overview of the market and customer management.
Fashion Merchandising A
EXPLAIN TICKETING AND SEATING ARRANGEMENTS SEM
Introduction to Business Unit II: Business Ownership and Environments.
MARKETING CHANNELS AND WHOLESALING. Definition of Marketing Channel A Marketing Channel... consists of individuals and firms involved in the process of.
Marketing Channels and Distribution Decisions In the Sport Industry
Marketing is All Around Us
1. Demand-oriented 2. Cost-oriented 3. Competition-oriented.
The 7 Functions of Marketing!
BRO Time: Marketing Review
3.01 Fashion Marketing.
Marketing Channels and Distribution Decisions In the Sport Industry
Identify Sport/Event Trends
Warm-up List all the business that made money from the production and sale of your desk.
1.03 Acquire information about the Sport & Event Industry to aid in Career Choices.
Principles of Business & Finance
Marketing Channels and Distribution Decisions In the Sport Industry.
Sports and Entertainment Marketing Pricing. How much would you pay for tickets to see your favorite football team or musician? Businesses struggle with.
Ind – Acquire the foundational knowledge of channel management
World of Marketing CHAPTER 1  With a partner, come up with a definition of marketing that you would see in a textbook  Please don’t use any resources,
Channels of Distribution From the Manufacturer to the Customer.
Lecture 24.
MARKETING CHANNELS An Introduction. Distribution  Products must be available to consumers who want to purchase them conveniently, quickly, and with a.
Pricing and Strategies
Marketing Apparel Products Apparel Development 2 Objective 4.01.
SEM Understand sport/event marketing’s role and function in business to facilitate economic exchanges with customers.
Advertising and Sales Promotion ©2013 Cengage Learning. All Rights Reserved. Chapter 5.
SEM – Employ product-mix strategies to meet customer expectations.
Marketing In Today’s World Freshman Seminar - Introduction to Business Dr. Hays Freshman Seminar - Introduction to Business Dr. Hays.
CHAPTER 10 MARKETING.
Sports and Entertainment Marketing I Explain the basic concepts of marketing.
4.01 PRICING. ESSENTIAL QUESTIONS A: What are the concepts of pricing in SEM? B: How do the 5 factors affect pricing in SEM?
DISTRIBUTION Distribution can be defined as an operation, or a series of operations, which physically bring goods manufactured or produced by any particular.
SEM A - Pricing PI - Describe pricing issues associated with SEM products PI - Identify factors affecting pricing of SEM products
SEM A - Marketing PE - Understand sport/event marketing’s role and function in business to facilitate economic exchanges with customers. PI - Explain.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 10 SLIDE Marketing Basics Develop Effective.
2.02Classify the functions of marketing and the marketing mix.
4.01 PRICING. ESSENTIAL QUESTIONS A: What are the concepts of pricing in SEM? B: How do the 5 factors affect pricing in SEM?
JACK, TOM AND FRIEND DIFFERENTIATION AND POSITIONING.
SEM A - Marketing Understand sport/event marketing’s role and function in business to facilitate economic exchanges with customers. Explain the nature.
Product Defined A product can be a tangible (physical) good or intangible (non-physical) service. A specific model would be called a product item. A product.
Marketing 36 Foundations of Technology. Marketing Today, there are thousands of products available to each of us. These product must be marketed. Potential.
Sports and Entertainment Marketing.  Businesses struggle with this same questions everyday.  “How much will someone pay for ______?”
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Consumer’s Role in the Economy Objectives: By the end of class, students will be able.
PRICING SPORTS AND ENTERTAINMENT MARKETING. PRICING IN SER INDUSTRIES Pricing in SER is largely dependent on consumer perception and demand Taylor Swift.
EVENT DISTRIBUTION Sports Entertainment and Recreation Marketing.
Standard 2 Fashion Marketing. Student will understand the basics of fashion marketing. Objective 1: Define Marketing Terms Objective 2: Describe the 4.
Copyright © Cengage Learning. All rights reserved Sales Promotion Activities or materials that are direct inducements to customers or salespersons Objectives.
Sports and Entertainment Marketing 2.01 Explain the concept of marketing.
Principles of Business & Finance
PRICING, DISTRIBUTING, AND PROMOTING PRODUCTS
Principles of Business & Finance
Explain ticketing and seating arrangements
Fashion Merchandising 2.01
Explain ticketing and seating arrangements
Chapter 13 Marketing Strategy
What is Marketing? Branding Branding Branding.
Section Objectives Identify factors that affect price strategy.
Chapter 17 Promotional Concepts and Strategies
Explain ticketing and seating arrangements
Principles of Business & Finance
Unit 1 – Strategies Used in the Sports and Entertainment Industry
Presentation transcript:

EXPLAIN TICKETING AND SEATING ARRANGEMENTS SEM2 3.01

Festival / Lawn Seating Festival or lawn seating is an open seating arrangement in which spectators can sit anywhere they desire. Some concert venues have this type of seating arrangement. The spectator generally pays less for the ticket and is not close to the stage or event.

Reserved Seating Reserved seating is often located within close range of the event and seats are assigned or numbered. When spectators purchase reserved-seat tickets, the facility holds specific seats for the spectators in certain sections of the facility.

Luxury Boxes/ Suite Seats Luxury boxes are generally purchased by businesses and have more amenities than other seating arrangements. Tickets for box or suite seats are the most expensive, have the best view, and are often purchased by businesses for entertaining clients.

General Admission Seats General admission allows spectators to sit anywhere in a very specific area. General admission seats are usually closer to the stage or event than festival seats, but farther away than reserved seats. General admission seats are usually the least expensive, and offer seats on a first-come, first-serve basis, in limited sections of the arena or stadium. These seats are usually located in areas of the facility that do not provide the best view of the sport event. These seats tend to attract value-oriented spectators.

Knowing Prices of Seat Types is Important Sport/event marketers should be familiar with the seating arrangements in the facility where the sport or event will be held. They should also know the prices for each type of seat such as box seat, balcony seat, end-zone seat, etc.

Knowing Prices of Seat Types is Important Marketers need this information to be able to help customers obtain the type of seats they want at the price they want to pay. For example, some customers may be willing to pay a higher price for seats in a preferred section because they want to have an unobstructed view. Others may be more interested in saving money and are not concerned with location.

3.02 Part I MARKETING CHANNELS AND DISTRIBUTION DECISIONS IN THE SPORT INDUSTRY

Distribution Defined Distribution is the process of getting the product to the consumer. A Distribution system is the methods and channels used in delivering products from producer to consumer. An Intermediary is an individual or organization through which products move from producer to consumer.

Product Types Sports activities are participation products such as participation in basketball, bowling, scuba, hiking, sky diving, running, weight training, sailing, water skiing, golf, and snow-boarding. The activities are offered—packaged—to the consumer in a number of ways such as leagues, tournaments, championships, races, meets, regattas, outings, and adventure travel packages.

Sport Business Goods Sport Business Services: The cleaning, repair, and maintenance of sports equipment alone makes up an important part of the sport service industry. Sports Entertainment: The development of sports as an entertainment product is a fast-growing segment of the sport business industry. Sport Media: Some examples of sport media are sports magazines (print), electronic sports businesses (Web-based businesses), and industry trade magazines. The consumers of these can be either end or business consumers.

Distribution of Products Tangible products are physical objects. Most are manufactured in mass quantities at a factory and must be moved—distributed—to a place of purchase— retailer or wholesaler. For example, running shoes are manufactured in a factory and must be moved to a retailer to be sold. Intangible products are not physical objects and include products such as services, places, and ideas. Shelf Life: amount of time that a product can remain in a good and consumable condition after being manufactured.

Time, Place, and Possession Utility Through Distribution Time utility is getting the product to the consumer when the consumer wants it. Place utility is getting the product to the consumer where the consumer wants it. Possession utility is creating possession of the product for the consumer.

The Distribution System Types of Distribution Intermediaries Wholesaler—a company that buys goods in large quantities specifically to resell to retailers or final consumers (Peter and Donnelly, 1993). Retailer—a company that buys goods to resell to consumers (Peter and Donnelly, 1993). E-tailer—an electronic retail store.

The Distribution System (cont’d) Agent—a person or a company who “moves” products (facilitates the sale) by taking orders for a buyer and placing the order with the producer (Boone and Kurtz, 1992). Mail order—a company that buys direct from a manufacturer or producer and offersthe products through a catalog or electronic system (Cravens and Woodruff, 1986). Distributor—a wholesale intermediary (Peter and Donnelly, 1993). Types of Distribution Intermediaries

Complex Distribution System in the Sport Industry

The Distribution System (cont’d) Selection of a Distribution System: The considerations of the consumer should be the deciding factor in the selection of a distribution system. A company should study what the competitors are doing before making any sort of business decision. Exclusivity drives up demand, which in turn drives up prices.