Analaysis by Wyatt Johnson in SRM 435 (section 1)
Our article talked about how big March Madness is and how it is a marketing mix that advertisers try to take advantage of. With the tournament being broadcasted on 4 different networks it gives companies an advantage to promote their products to potential consumers. March Madness is so big companies can reach different audiences through ads, giveaways, concerts, and rebranding hotels. I feel like this is a month that companies definitely look forward to because it’s a whole month of basketball and a whole month fans will see these ads multiple times throughout March. Companies are also using social media to engage fans as well. Companies like Burger King and Pizza Hut are using twitter to promote their special deals. I believe that March Madness is huge marketing mix for companies because they use all 4 phases of promotion which include advertising, publicity, personal contact, and incentives. All of these phases are essential to engaging fans and consumers. Companies are using different marketing strategies to get in touch with potential consumers even through cell phones. Some companies having different apps that people can download on their phones and that helps companies get various ways of promoting their message. This article is relative to the course because March Madness is one of the biggest events in sports and it helps companies display different ways of connecting March Madness with their product to help promote their message to potential consumers. Companies have to go through various marketing steps we talked about in order to be affective in sport promotion and sales.
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Analysis by Lindsey Tomasz in SRM 435 (section 1)
USA Today's "March Madness Evokes Marketer's Madness" is a short yet great article that focuses on how those in the marketing industry use this three weeklong event to promote their products. It is obvious that although March Madness doesn't exactly have the "heft" of the SuperBowl or the worldwide scope of the Olympics, it certainly is becoming a marketer's dream come true. Over the past few years, this event has brought in more and more ad revenue - more than some professional sports leagues - and the young, desirable audience and the great world of social media are mostly to thank for that. Marketers are doing all they can to take advantage of this; debuting both new ads and apps, hosting concerts, giving away free food, and even rebranding some hotels, just to name a few.
I believe that companies using March Madness to advertise themselves and their products is an extremely smart move. Along with the young audience, the different games throughout the tournament are shown on multiple different channels, which gives marketers more room to work with. It gives them the opportunity to really get out there and spread the word around for what they are trying to sell. There about four stations that are televising games, which also means that there are at least four major websites that can be used for advertising as well. I know from first-hand experience in the past week, that if I miss a game that was on my bracket, I immediately go to the website to see what I missed. I think it is also a great idea to be using former basketball stars in the commercials. Using these stars keeps a relationship between the ad and what the viewer is actually watching it for, and probably holds the viewer's interest more than other, say "regular", people. Although people don't necessarily watch this tournament for the commercials in particular, like they do for the Super Bowl, I think it is still a safe bet to be spending the millions of dollars for that thirty second commercial as long as they keep that "ad to game" relationship going.
This marketing strategy is very relevant to our course because it is a prime example of obviously promotion and sales in the sport industry in relation to a widely social and growing event. To name a few, we are taught about sponsorships, advertising, licensing, different incentives, and what really makes a good sales person/company in a business. Reading about these March Madness marketers has really put a lot of these into perspective and allows me to better understand what all goes into selling a product or service. It has been very interesting for me to watch the games and commercials and be able to go more into depth about how the advertisement was created to better fit the sport and audience and maybe how the certain sponsors/ads fit back into the college basketball aspect. Connecting everything back to the consumers is huge and marketing in this tournament has proven to be all about that, which is why there is no “peak” to be seen at all in the near future of this and it will only become more popular in years to come.
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