Sean Hourihan and Sean Taylor Marketing Mix - Products Why are we attractive to fans? Prime Locative Winning team Great atmosphere/environment Charities Shelter Partnership INC and Create Now Shows ties to the community
Marketing Mix - Products cont. Athletes Win games (highly talented) Sociable and interactive with fans Seating Wide array of options Low level to accommodate lower income families and high level to attract celebrities and high income fans Marketing Mix - Products cont. Merchandise Southern Californias warm weather Active lifestyle Prices at equilibrium point (best quality and price for goods) Restaurants Lucques, McDonalds, Drago Centro Mix of fine dining and fast food Marketing Mix - Products cont. Attractions Disneyland, Universal Studios Hollywood, Hollywood Walk of Fame Family oriented attractions
Marketing Mix - Price Ticket Prices 100 level: $400 - $1000 200 level: $150 - $350 300 level: $1000 per person 400 level: $60 - $75 Great atmosphere, great game, great food/beverages Marketing Mix - Price cont Concession Prices Slightly above normal prices (ie. hot dogs $3.50 instead of $2) Outside food not allowed in Customers want hot food Merchandise Prices Authentic Support team Marketing Mix - Promotion Website Sell the experience Nearby amenities Advertisement on Website Team/player volunteer work Articles that promote team and sponsors Marketing Mix - Promotion cont Promotions Get larger audience to attend Promote Quakes and sponsors Social Media Connect with players Advertising campaigns Marketing Mix - Distribution Where to get tickets LA Stadium Box Office, Jons Marketplace, stubhub.com, laquakes.com/tickets Products on site Order online Pay with credit card, PayPal, or gift card Placement Why? Crossroad of 4 counties Large population Lots of other activities nearby Rationale Outside city to avoid traffic jams Access to highways for quick home trip Access to 15.5 million people Demographics Target Market 25 - 55 Male $40,000+ White and Hispanic Christians Risk & Ethical Factors Natural- Being located in Los Angeles puts the Quakes franchise at an geographical risk. California receives on average 10,000 earthquakes a year. This natural disaster could potentially put our stadium at risk. Knowing what we know we have been debating with the best engineers and architects to determine the best solution on how the stadium should be built to reduce or even eliminate the damages of a potential earthquake. Human- Another risk we have to worry about is vandalism of the property and maintaining the quality that we try to showcase at Los Angeles Stadium. To take care of this problem well have after hour security and cameras running 24hrs on the clock to provoke any vandalizers into staying away. During the games there will also be security to avoid any scuffles between the fans and make the environment as safe as possible. Economic- Throughout NFL history there has been zero reports of an franchise filing for bankruptcy. This is due to the NFLs Salary Cap rule which limits the amount a franchise can spend on the team. Salary Caps are not a guarantee that a team will lose money of file for bankruptcy so selling to the fans is our way to maintain the Quakes franchise. Fans can expect quality merchandise, affordable tickets, exciting games and annual events within the Quake community. Risk & Ethical Factors Players- To promote positive choices, for our athletes there will be a set of rules and regulations they must follow both in season and off. Any athlete who does not accept or follow these rules will face disciplinary action, suspension and or will be cut from the team. (Ex. of players rules)
The use of performance enhancement drugs will result in suspension. Hazing will not be tolerated. Altercations with a fan will result in a 1,2,or 3 game suspension. allegations of major crimes will result in a season suspension or cut from the team. In game altercations will be dealt with the League. Fights Taunting Racial slurs
Economics Choosing Los Angeles allowed us to expand the NFLs newest franchise the Quakes. With a population of 3,857,799 and only 12.8% of that population unemployed theres plenty of money to go around. The quakes are in the most logical city to intake the most revenue and keep the franchise at a competing level with others in the league. This can be accomplished by doing the small things selling profitable yet affordable game tickets, selling merchandise that is appealing to the consumer and making parking come with a small fee. The development of the Los Angeles stadium could potentially put local businesses out of business. Including local venues due to our increased number of seats that allow more spectators to watch the event. For the development of the stadium to take place local citizens will be taxed more in order to do so.
Player Sponsors Reggie Bush and Old Spice Jadeveon Clowney and Ford London Fletcher and Duralast
-Theses sponsor benefits from their sponsorships by the increasing of brand awareness, which helps to generate consumer preference and to increase brand loyalty while increasing revenue for their company. The company can reinforce awareness among its target market by sponsoring an individual or organisation that attracts a similar target market like the following sponsorships.
These sponsorships go hand and the sponsors selected the best athlete that will best promote their product.(Bushs physique and good looks for Old Spice, Clowneys toughness for Ford, and Fletchers consecutive games played for Duralast are just a few our player sponsorships) Summary
-During the Marketing segmentation Project we learned that there is much more to selling a product and being successful. Selling a product involves knowing your customer well and being able to identify groups that have things in common being able to do do those skills will then let a business successfully target their service or product to meet the needs of the consumers. Upon completing the project we learned many things about managing/operating a sports team. We learned that the marketing business is no walk in the park it takes a lot of work whether its creating a website for the company, marketing the company or even advertising products in order to be successful in this business a lot of quality research and work must be done.
Suggestions -Sean and I both think the course was faire. I personally think that the projects were fun to work on and from doing the projects I learned a lot from it. It also expanded my knowledge about the marketing that takes place in sports that is usually behind the scenes. The only suggestion I have is that rather than using Social Media templates like the Twitter Template we used for the Social Media project we should have created a real social media account to better the experience and link it to the websites. Other than that we thought the class was full of learning and enjoyable.