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Principles of Sport Marketing
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Target Marketing
Target marketing in sports involves identifying and reaching specific segments of the sports market, like fans of a particular sport or demographic group. This allows marketing efforts to be more focused and effective.
Licensing
Licensing in sports refers to the use of sports brands, logos, and trademarks on merchandise. This creates an additional revenue stream for sports organizations and extends brand presence.
Pricing Strategies
Pricing strategies in sports may involve premium pricing for high-demand events or dynamic pricing, which changes based on time or demand, to maximize revenue from ticket sales.
Experiential Marketing
Experiential marketing in sports aims to create memorable, interactive experiences for fans, such as meet-and-greets, fan zones, and virtual reality engagements with sports.
Sports Promotion
Promoting sports events and athletes includes using advertising, personal selling, sales promotions, and public relations to increase awareness and interest in sporting events or products.
Branding
Branding in sports is about creating a unique image and identity for a team or athlete that resonates with fans. This is crucial for merchandise sales and long-term fan loyalty.
Fan Engagement
Fan engagement strategies in sports focus on creating meaningful interactions with fans, often using social media and event promotions to strengthen their connection to the team or sport.
Public Relations
In sports, public relations strategies focus on managing the public image of teams, leagues, or athletes and building good relationships with the media to shape public perception positively.
Product Positioning
In the context of sports, product positioning involves the strategic placement of a sport product in the market to stand out from competitors, like distinguishing a sports league or apparel brand.
Distribution Channels
In sports marketing, distribution channels refer to the various ways fans can access sports content, including live events, broadcast media, and online streaming services.
Ethical Marketing
Ethical marketing in sports upholds the integrity of the sport by promoting honest and socially responsible marketing practices, such as truthful advertising and support for social causes related to sports.
Sponsorship
Sponsorship in sports means partnering with companies to promote their products through sports events and athletes, providing both the sport and the sponsor with mutual benefits of exposure and revenue.
Digital Marketing
Digital marketing in sports includes the use of online platforms like websites, social media, and email marketing to promote sports products and engage with a wider audience digitally.
Market Research
Market research in sports is crucial for understanding fans' preferences and behaviors. Insights gained can inform decisions on product development, fan experiences, and promotional activities.
Content Marketing
Content marketing for sports involves creating and distributing valuable, relevant content to attract and engage a specific fan base, such as behind-the-scenes videos, athlete interviews, and game highlights.
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