TM1: Outdoor enthusiasts
TM2: Athletes
TM3: Parents and adult students (high school and college)
2
TM1: Consumer sales promotions should include coupons that can be redeemed during particular seasons in which outdoor enthusiasts are more likely to be motivated to purchase equipment for their outdoor activity. This will allow consumers to feel that they are making a good purchase at a good price.
TM2: Consumer sales promotions should include discounts/sales for seasonal sports equipment that correlates with the time just before when that seasonal sport will begin. This will allow sports players to obtain the materials they need to stat competitive while feeling incentivized to purchase from the store by the sale.
TM3: Consumer sales promotions should include a points program, so that continual shoppers can earn points on their purchases which can be redeemed for a future item once a target point goal has been reached. This will allow shoppers to be more loyal to the store as they feel they are building towards a reward.
3
Two types of media that might be the most effective in reaching each of the target markets are 1) outdoor advertising (billboards and signs at...
References
Case 2: Marketing Sports Equipment. (n.d.). Part 4: IMC Promotional Tools.
Kudo, M., Jae Ko, Y., Walker, M., & Connaughton, D. P. (2015). The influence of title
sponsorships in sports events on stock price returns. International Journal of Sports Marketing and Sponsorship, 16(2), 37-56.
For more than thirty years governments have been trying to restrict tobacco promotion, however, it seems that nothing except a total ban is going to work (Shatenstein Pp). For example, in response to government crack-downs, the industry has become more heavily involved in sports sponsorship, in fact, tobacco companies are now among the largest sponsors of sport (Shatenstein Pp). Sponsorships such as this confuses health messages, "neutralizes a range of
Vape Nation Business Plan Company Identification Mission of the Company Business Goals Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Services Market Analysis Target Market Industry Analysis Market Strategy Price List Promotional Strategy Sales Forecast Implementation Strategy Overall Strategy Monitoring Plan F. Financial Statements and Projections F1. Forecasted Profit and Loss Statement F2. Forecasted Balance Sheet G. Financial Report G1. Financial Projections G2. Financial Position G3. Estimated Capital/Investment Needs Executive Summary Suggested length of 1-2 pages Company Identification: Vape Nation, based in the U.S. in California is national start-up that
Entrepreneurial Approach M1 - Discussion I have always thought entrepreneurship is just about starting a business. However, it is interesting to learn that entrepreneurship is more of a mindset or a behavioural tendency as opposed to just pursuing a business idea. It is a way of thinking characterised by the desire to create or exploit opportunities, take risks, to be innovative, and to grow. This mindset applies to not only individuals,
advertising agencies namely Fletcher-Martin-Ewing (FME) Grey Worldwide and Kilgannon Mc Reynolds. Agency: Fletcher-Martin-Ewing (FME) Fletcher-Martin-Ewing - FME functions as an integrated agency from Atlanta, with a wide range of activities on the advertisement and marketing spectrum. They cultivate the appreciation that brands reach their audiences through a lot of channels apart from advertisement in the present era of proliferation of communication channels. The integrated approach of FME assures consistency of message
But these markets are far more deeply explored and mined, both by X-L and its competition. Plus, China's middle class is still growing, and even from a geographical perspective, there is more 'outdoors' in China in which citizens can deploy their sporting skills, in comparison the more densely populated other Asian nations. Not only lifestyles have changed but the idea of spending money on sporting clothes is still relatively new.
Sports Marketing Ambush What then, is ambush marketing and how does it work? There are at least 7 kinds of ambush marketing, but basically it involves a non-sponsor for an event taking advantage of the media coverage -- and making the fans aware of its presence -- to market products in competition with authorized companies. Discussion Question #1: Do you consider ambush marketing to be ethical? Why or why not? Ambush marketing
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