Lesson 2.1
Sports & Entertainment Marketing Defined
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USOE Standard 1.1
Discover the World Of Sports Marketing
Standard 1: Students will discover the world of Sports and the use of marketing to promote sports and non-sports businesses in sports
Objective 1
Identify and understand the components of the marketing mix as it relates to sports marketing.
LESSON 2.1
What is SEM?
Copyright © 2014 by Sports Career Consulting, LLC
"I'm tired of hearing about money, money, money, money, money. I just want to play the game, drink Pepsi, wear Reebok.”
- NBA Star, Shaquille O'Neal
LESSON 2.1
What is SEM?
What is Sports & Entertainment Marketing?
To define Sports & Entertainment Marketing, you
must first understand the foundation of the term:
Marketing
Sports
EntertainmentCopyright © 2014 by Sports Career Consulting, LLC
LESSON 2.1
What is SEM?
Sports EntertainmentMarketing
The process of developing, pricing, promoting, and distributing products, or goods and services to satisfy customers’ needs and wants
Whatever people are willing to spend their money and spare time viewing rather than participating
A source of diversion or physical activity engaged in for pleasure
•Can Be Spectatorship
•Can Be participation & play
Copyright © 2014 by Sports Career Consulting, LLC
Marketing Defined and the Marketing Mix or 4 P’s of Marketing
LESSON 2.1
What is SEM?
It is the goal of the sports and entertainment marketer to provide a product or service that can satisfy the needs and wants of those individuals who choose to be entertained during their leisure time
Leisure Time
Leisure time is the time available to people when they are not working or assuming responsibilities, often times referred to as “free time”
Copyright © 2014 by Sports Career Consulting, LLC
LESSON 2.1
What is SEM?
Copyright © 2014 by Sports Career Consulting, LLC
• DURABLE GOODS
• NONDURABLE GOODS
• SERVICES
• IDEAS
• DURABLE GOODS
• NONDURABLE GOODS
• SERVICES
• IDEAS
What is Marketed?
PEOPLE
PLACES
ORGANIZATIONS
PEOPLE
PLACES
ORGANIZATIONS
What is Marketed cont.?
1 2 3 4
5 6 7 8
9 10 11 12
13 14 15 16
Producers
• Individuals or Companies that have productsto be sold
• They create the “supply”
• They are willing to exchange the product orservice for something of value
Consumers
• Individuals or companies that have needs toBe met and that have something to exchange
• They create the “demand”
• They have something to exchange for a Product or service and are willing to do so
Benefits of Marketing• Add UTILITY to goods and services– Added value
• Makes buying convenient
• Maintains reasonable prices
• Provides a variety of goods and services
• Increases production
5 Types of Utility
FORM
PLACE
TIME
POSSESSION
INFORMATION
What is SEM?
LESSON 1.1 REVIEW (ANSWERS)LESSON 1.1 REVIEW (ANSWERS)
1)Define sports marketing and entertainment marketing
Sports marketing is the act of using sports as a platform to market products or services and increase sales; or the process of marketing and selling the sports property itself.
Entertainment marketing is the process of developing, promoting, and distributing products, or goods and services, to satisfy customer’s needs and wants through entertainment, or any diversion, amusement, or method of occupying time
Copyright © 2014 by Sports Career Consulting, LLC