Pro Sports Flashcards
are ads on jerseys going to bother people?
not so much young people, but adults are annoyed
which two sports are up in viewership?
MLB and NBA
which two sports are down in viewership?
NFL and NHL
Luxury Suites
- growing in importance since the 1990s
- In the past 20 years, 75% of US Sports teams have built or remodeled their venues
Dynamic Pricing
- setting stadium seat prices based on real-time market demand
- can change by the hour, day, or week
- prices can go up or down
trends in sports marketing
luxury suites, dynamic pricing, and improving the fan experience, live streaming content
Building sponsorships
use fan information to build a better story for their partners on why they should invest
Sports teams look to score by marketing to younger fansmake sure seats are filled in the future
Strategies:
- Targeted social media campaigns
- Events
- Promotions enhanced in-game and at-home experiences
NBA International
- brought players to England, conducting clinics for youth coaches and players.
- Jr. NBA Basketball England League for 11-and 12-year-olds.
- 101 players from 37 countries and territories, including four on the Bucks
- NBA games are broadcast in 215 countries and in 47 languages around the world.
which sport leads in social media
the NBA with 1.3 billion combined followers
examples of targeting to younger fans
- chicago cubs- renovations to stadium, concessions options, and ticketing
- washington wizards- color chang, sending promo squad to family based community events, relaunched kids club
general marketing strategies
- Reevaluate the product
- Build long-term equity when times are good
- Identify with customers
- LISTEN TO YOUR CUSTOMERS
social media-Know your Audience
post game day updates/highlight videos, actively respond to questions, promote exclusive offers/contests and share photos/ tweets. Use digital media to cultivate conversation.
social media-Utilize Offline Tie-Ins
use social media to promote special events at the ballpark Complement the in-store experience by using online marketing to get them there.
social media- Integrated sponsorships
Make sure any sponsorships and promotions are aligned with the overall goals and messaging