Pro Sports Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

are ads on jerseys going to bother people?

A

not so much young people, but adults are annoyed

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2
Q

which two sports are up in viewership?

A

MLB and NBA

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3
Q

which two sports are down in viewership?

A

NFL and NHL

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4
Q

Luxury Suites

A
  • growing in importance since the 1990s

- In the past 20 years, 75% of US Sports teams have built or remodeled their venues

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5
Q

Dynamic Pricing

A
  • setting stadium seat prices based on real-time market demand
  • can change by the hour, day, or week
  • prices can go up or down
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6
Q

trends in sports marketing

A

luxury suites, dynamic pricing, and improving the fan experience, live streaming content

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7
Q

Building sponsorships

A

use fan information to build a better story for their partners on why they should invest

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8
Q

Sports teams look to score by marketing to younger fansmake sure seats are filled in the future

A

Strategies:

  • Targeted social media campaigns
  • Events
  • Promotions enhanced in-game and at-home experiences
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9
Q

NBA International

A
  • 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.
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10
Q

which sport leads in social media

A

the NBA with 1.3 billion combined followers

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11
Q

examples of targeting to younger fans

A
  • chicago cubs- renovations to stadium, concessions options, and ticketing
  • washington wizards- color chang, sending promo squad to family based community events, relaunched kids club
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12
Q

general marketing strategies

A
  • Reevaluate the product
  • Build long-term equity when times are good
  • Identify with customers
  • LISTEN TO YOUR CUSTOMERS
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13
Q

social media-Know your Audience

A

post game day updates/highlight videos, actively respond to questions, promote exclusive offers/contests and share photos/ tweets. Use digital media to cultivate conversation.

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14
Q

social media-Utilize Offline Tie-Ins

A

use social media to promote special events at the ballpark Complement the in-store experience by using online marketing to get them there.

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15
Q

social media- Integrated sponsorships

A

Make sure any sponsorships and promotions are aligned with the overall goals and messaging

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16
Q

social media- Off Season

A

Continue engaging with fans, use draft picks, training camp, injury updates or charity work by the organization. Continue to promote initiatives.

17
Q

what kind of co. is the most active category across the NFL, NBA, and the NHL?

A

insurance

18
Q

public funding for arenas

A

In the last 10 years, eight NFL stadiums have been funded by an average $285 million of taxpayer dollars.

19
Q

how can sports teams maintain public support?

A
  • sharing means by caring
  • doing well by doing good
  • identity marketing
  • launching grass roots campaigns
  • government focused positions
  • straight talk on lobbying