1.11 Manage promotional activities to maximize return on promotional investments.
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Transcript of 1.11 Manage promotional activities to maximize return on promotional investments.
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1.11 Manage promotional activities to 1.11 Manage promotional activities to maximize return on promotional maximize return on promotional
investmentsinvestments
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Direct sponsorship objectives – have a short
term impact on consumer behavior and are focused on increasing sales
Indirect sponsorship objectives – lead to the long-term growth of the sponsor by generating product awareness and image before people buy the product
Types of Sponsorship Objectives
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Establish or improve their image Promote their products (and increase sales) Display goodwill Obtain access and exposure to the events’
target markets Outpace competition (become a sponsor
before your competitor “blocks” your competitor out)
Corporate Sponsorships
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Sponsorships gives the sports marketer
the resources to: Package their product Promote their product Deliver their product
How do Sponsorships help the sports
marketer?
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Media exposure
Evaluating the number of stories and mentions in the media
Sales figures pre- and post-event Surveys and in-depth interviews
Gauging the image, attitudes, and awareness of events, sponsors, and products
Methods to Evaluate Effectiveness of
Sponsorship
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How can a particular sport/event achieve my
marketing and organizational goals? What is the financial cost of the sponsorship? What is the length of the contract? What are the sponsorship benefits? What type of media coverage will there be? What is the fan attendance at the event, and
what are the fans’ demographics? Is it my target market?
Potential Sponsors Must Ask…
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Consists of employees responsible for evaluating and
selecting sponsorship options Four roles in this “buying center” consist of:• Gatekeepers – Control the flow of information to others
and act as a filtering device• Influencers – Have input into the decision, usually based
on their connections with the sports entity• Decision-makers – Ultimately responsible for
accepting/rejecting proposals• Purchasers – Responsible for negotiating contracts and
carrying out the terms of the sponsorship once the decision is made
A “Buying Center”