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Marketing mix: Modelling and stakeholders Sports marketing mix – can be defined such:-Sports marketers are also involved in product and service strategies,

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Presentation on theme: "Marketing mix: Modelling and stakeholders Sports marketing mix – can be defined such:-Sports marketers are also involved in product and service strategies,"— Presentation transcript:

1 Marketing mix: Modelling and stakeholders Sports marketing mix – can be defined such:-Sports marketers are also involved in product and service strategies, pricing decisions and distribution issues (Shank) p.27 Sports marketing mix – can be defined such:-Sports marketers are also involved in product and service strategies, pricing decisions and distribution issues (Shank) p.27 Marketing mix Product Product Price Price Promotion Promotion Distribution Distribution

2 Product strategies Development of product and service strategies Development of product and service strategies Licensing; merchandising; branding and packaging Licensing; merchandising; branding and packaging New product development; existing product; weak product elimination New product development; existing product; weak product elimination Service planning – pricing; demand; evaluating quality Service planning – pricing; demand; evaluating quality Managers – fans perceptions of parking; concessions; stadium comfort Managers – fans perceptions of parking; concessions; stadium comfort Fans equate value with high levels of customers service

3 Distribution strategies Finding the most effective way to get your product into the hands of the consumer Inventory; transportation; warehousing; retailing Internet; superstores; franchising are all examples of this strategy Other examples - Building a new stadium; locating of a spots complex; ticket distribution

4 Pricing strategies Critical and sensitive issue with ethical and social ramifications Critical and sensitive issue with ethical and social ramifications Pricing objectives; pricing techniques; adjustment Pricing objectives; pricing techniques; adjustment Pricing function centrally affects sports marketing - HOW Pricing function centrally affects sports marketing - HOW

5 Pricing strategies contd/ Pay for view TV costs Pay for view TV costs Corporate hospitality prices Corporate hospitality prices Membership fees Membership fees

6 Promotion strategies: The promotion mix Advertising – e.g. – Beckham, Murray, Ennis Advertising – e.g. – Beckham, Murray, Ennis Sponsorships Sponsorships Public relations Public relations Personal selling Personal selling Sales promotion Sales promotion Promotional strategies should integrate all aspects of the mix

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