III. Rationale
With this topic of sports marketing I have very little background knowledge. To the contrary I have a basic knowledge on marketing as a whole and how decisions on buying goods are made. Marketing is all around me I see it every where and the products that they are selling are all around me. I chose marketing because I thought it might be interesting to see or at least get a glimpse of the flip side of marketing, or what goes on behind the scenes how the product is advertised and gets delivered. I hope to learn about marketing because I want to be that weasel marketer who gets you to buy a product that you might not even need but you just have to have it because of when you saw it. What I want anyone who reads this paper to just be a little more self aware, and maybe help equip them to make more informed decisions. My major question is what goes into marketing a sport? And my secondary question is if sports marketing big in some areas and not in others? Or how a company uses social networking to play a role in marketing? And what are the tricks to marketing today? My thoughts are that my questions are not yet complete and I am not sure if I can get a lot of information on these questions. I came up with these questions because they are what I hope to learn from my research. When I first thought of this project I thought I would be answering questions about the difference between extreme sports and traditional but now I have started reading books on the topic and they have me more interested on the topic of sports marketing as a whole. But based on what I already know I think I have my original question already answered. Originally I thought that I would find a big business that would have a virtual monopoly on sports marketing but I have yet to find that. And also sports’ marketing is a newer concept that is still developing and getting harder to do.
Sports business has been around for over one hundred years yet is now only starting to be written about on an intellectual level. With this becoming a booming business strategies are being placed so that the players no longer have to pay their way to the top being an athlete is their job. This now means that a third party of a sponsor has to come in and pay for these select few people to be a sportsman for a living. In big sports teams the players have individual sponsors along with the franchise having sponsors this along with people attending events leads to the pay check. But why would a company choose to put there name on an athlete or a tem? What is the cost and benefit of this move? Now with advertising being about 249 billion dollars a year and about 2.5 percent of GDP, marketing must be a big part of American culture. So if something intrusive like marketing is such a big deal we should all have a way to equip ourselves to making decisions that are right for us. Sponsorship in sports is when a seller attaches a price to a piece of an event that has some commercial value. Then with this they develop customers and it becomes a cycle of buying and selling a piece of a sport. With sponsor ship the seller and the sport must have an integrated partnership that will give both sides opportunities.