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2.05 Collect secondary marketing data to ensure accuracy and adequacy of information for decision-making.

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Presentation on theme: "2.05 Collect secondary marketing data to ensure accuracy and adequacy of information for decision-making."— Presentation transcript:

1 2.05 Collect secondary marketing data to ensure accuracy and adequacy of information for decision-making

2 Search the Internet for sport/event marketing information

3 INTERNET: IMPORTANT SOURCE of Secondary Marketing Information
Main way that SEM organizations obtain useful marketing information (MI) Vast amount of information available online relating to SEM.

4 INTERNET DATABASES for SEM MI
Government Census: Demographic Information (Population, age ranges, salaries) Example: League’s expansion team in a specific area wants to look at DEMOGRAPHICS to see if team will be successful Local Chamber of Commerce Website Demographic Information and Business Information Sports Business Research Network:

5 INTERNET SERVICE PROVIDERS for SEM MI
Online Trade Magazines Advertising Agencies Licensors and Licensees Search Engines

6 Use of Internet for SEM MI
If starting a new team, business or franchise: Demographic Information (Government Census) Does it represent Target Market? Local Business Information (Chamber of Commerce) Will local businesses be supportive? (Sponsorships)

7 Internet MI STRENGTHS AND WEAKNESSES
Information is current/updated often Paperless Research Texts Low to no cost Search Engines VAST information Too much information Not always accurate Many times information is bias

8 Describe steps for developing a SEARCH STRATEGY.
1. WHAT are we looking for 2. WHERE can the information be found Specific databases, News media, etc. 3. HOW to extract the information Identify search terms  Organize and rank findings 4. HOW WELL: search process accuracy

9 Tips for Google!

10 Monitor internal records for marketing information

11 TECHNIQUES FOR MONITORING Internal Records
Personal company Information not often public Monitoring Internal Records: Accurate Regularly Monitored

12 GUIDELINES FOR MONITORING Internal Records
WHAT records to monitor: SALES INVOICES: Records with CUSTOMER PROFILES Identify Target Markets SALES REPORTS and ACCOUNTS RECEIVABLE REPORTS MI about the goods that a business sells Analyzes which products sold well and which did not COMMENT CARDS for CUSTOMER SATISFACTION Who monitors: Accountants and Marketing Managers How Often to monitor: REGULARILY Analyze product performance

13 PROCEDURES FOR MONITORING Internal Records
Keep ACCURATE records Identify what records to monitor Assign WHO will monitor Decide HOW OFTEN to monitor Evaluate records Make decisions

14 Maintain a database of competitor information

15 Competitor Database Ways to use:
Gather information about competitors COMPETITIVE pricing ADVERTISING decisions Components that need to be maintained: PRICE LISTS: Know what competitors charge for products Helps organization to price its products COMPETITIVELY ADVERTISING MEDIA used by competitors: Prevent using the same media dominated by a competitor Newspapers, radio stations, etc.

16 STEPS IN MAINTAINING Competitor Database
“Four C’s” COLLECT the information CONVERT information into intelligence Make it useful to your business (pricing, advertising, etc.) COMMUNICATE the intelligence COUNTER competitor actions = BE COMPETITIVE

17 “You Do”

18 Internal Records Competitor Database
Sales Invoices: Dictates that your team’s target market is 81% Male, 19% Female, Ages 27-52 Sales Reports: The most sold merchandise at games and in retail stores are your team’s jerseys Comment Cards about home games: Strengths at home game attendance- Comfortable seats and good concessions Weaknesses: Can’t see scoreboard and not enough box seats. Price Lists: Jersey:$69.99 for Jersey (Men), $49.99 (Women) and $29.99 (Kids) Advertising Media: Radio Commercials 3x a day, every day from 6am-6pm on 96.1 FM and FM during football season. One-Page ads in Sports Illustrated every issue all year One-Page ads in local newspaper every Sunday during football season You are in the second year of a new football franchise. You must make the following decisions for your team with the information given: OBJECTIVE is to be COMPETITIVE with your competitor and also CREATE BRAND EQUITY through CUSTOMER SATISFACTION. Two advertising media examples Pricing for Jersey (Men, Women, Kid) Address strengths and weaknesses (What are you going to do to create brand equity for your fans?)

19 Secret Shopper at Lunch
How they communicate? Respond to questions Attitude Time/Speed Grade Surroundings Taste 1-10

20 How many sponsors can you recall?


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