Sports Marketing Flashcards
What strategies are used to market manufacturer brands
Multi-Product Branding
Multi-Branding
Co-Branding
Multi-Product Branding
Manufacturer uses one name for all its products
Ex: Nike, Nike shoes, Nike jerseys
-brand extension: using existing brand name for an improved new product in the product line
Multi-Branding
Each product in a product line has distinctive name
-used for products that target different consumers or to prevent competitors from taking market shares
Co-Branding
Combined one or more brands to increase customer loyalty and sales for each product
Ex: Visa co-branded with Aeroplan
Ex: global fund to fight AIDS co-branded with Amex,apple, converse, dell, gap,Starbucks, hallmark
Brand
Name word(s) symbol or design that identifies an organization and its products -includes a company overall images and values
Brand identity
Brand Name
Ex Puma
Logo/symbol
Ex jaguar
Trademarks
Trade name is legal name of a company
Ex coca-COLA limited
-when a trade name is registered it also becomes a trademark which legally identifies ownership
Soundmark
Trademark identified by a sound that is associated with a company
Ex Roaring lion in the start of an MGM film
Importance of branding
- helps company to introduce new products ex virgin mobile virgin radio virgin airlines
- creates an image for the product
- encourage brand recognition
- Builds customer loyalty
Characteristics of a good brand name
-offer a benefit (Offer customer value) Ex Gatorade add sounds like aid which means help -be simple (Easy2 spell pronounce and remember) -different and positive (Set apart from regular vocab) Ex Google -reflect and image (Say something about product) Ex wheeties uses athletes on package -protectable (Using trademarks, patents and licensing)
Types of brands
Manufacturer brands
Intermediary brands
Generic brands
Manufacturer brands
Owned by producer of product
Producer responsible for marketing brand
Ex Apple Sony Adidas
Intermediary brands
Carries a named developed by the wholesaler or retailer
Ex Sportcheck
Sells manufacturer products under their own private labels
Generic brands
Represents general product category does not carry recognized company or brand name
Ex no name (commonly grocery)
Endorsements vs advertising
Advertising used anonymous actors e
Endorsements pay a celebrity to recommend and encourage of a product