sports trainers unlimited
Post on 17-Oct-2014
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Marketing Plan
The Smart Ball
Sports Trainers Unlimited
Alexandra Sutter
Sports Promotions and Marketing
Dr. Gentile
Introduction/Background
Background: founded in 2005 when two college athletes were
unsatisfied with training products on the market
Mission:
Innovative, quality, and effective products that take serious athletes
to the next level of play
Emphasis on technology and science behind training products
First priority is customer satisfaction
Overview:
High end training products for a variety of sports
Markets to athletes in northeastern U.S.
Products
The Smart BallOther products/product extensions
Regular soccer ball with
undetectable micro chip that
records velocity, back spin,
and top spin of ball as well as
force of kick on ball and
placement of foot on ball
Data recorded and sent to
computer that analyzes
numbers and offers feedback
for improvement of kick
Audio file that coaches players while using the Smart Ball
Smart Balls for various sports: basketball, football, baseball, softball, tennis, and volleyball
Smart Cleat: cleats that sense where the main impact of the ball on your foot is
Situation Analysis
Economic Climate: current downturn, limited disposable
incomes, signs of economic improvement
Legal Environment: issues with SMART trademark, attention
to safety requirements, patents/licenses
Demand Trends: increased demand for sporting goods and
women’s products
Situation Analysis Cont.
Product Life Cycle: “introduction” stage, opportunity to
position STU in consumers’ minds
Technological Trends: technology is crucial in sport and
continually changing
Competitor Analysis: competitors include Soccer Pro and
traditional soccer ball brands (Adidas, Nike, Brine, Select)
Situation Analysis Cont.Strengths
Effective technology
Extensive research and develop on product and markets
Employees that are knowledgeable and enthusiastic about developing new products
Weaknesses
Sports Trainers Unlimited is not extensively known by consumers
No history of networks of customers or other business partners
Limited financial resources
Opportunities
No other products on market that are the same as the Smart Ball/no direct competitors
Increase in demand for products targeted towards women
Sporting goods industry expected to continue growing
Threats
Soccer Pro
Adidas, Nike, Brine, and Select soccer balls
Downturn in economy
Low income of target market
SWOT Analysis
Analysis of Target Markets Macro View: Dick’s Sporting Goods, The Sport’s Authority,
World Soccer Shop, Eurosport, college athletic departments
Micro View: female, collegiate athletes between the ages of 18 and 22 attending Division I institutions in northeastern U.S.
Market Size:
Over 1,800 in micro target market
Potential market is infinite because of versatility of Smart Ball
Market segmentation: by level of play, frequency of play, level of usage, benefit segmentation (improve skill vs. want of latest technology/products)
Analysis of Target Markets Cont.
Market Research (primary and secondary):
Price is main concern of consumers
More likely that someone else (parent, coach, etc.) would
actually purchase the Smart Ball
High level of interest of target market
Potential customers want to demo product before purchasing
Social Media is crucial in marketing product
Sporting good and market is growing
Technology is a vital part of sport
Sport Marketing Objectives1. Conduct at least six months of research and development on any
given product before it even becomes known to consumers
2. Attain backing from national soccer associations (National
Soccer Coaches Association and NCAA)
3. Hold at least six (one per month) Smart Ball demonstrations in
stores and online during the first six months the product is on
the market
4. Reach at least 60% of Division I colleges in the northeast
through marketing efforts, including but not limited to a
Facebook page, catalogue advertisements, mailings, and email
ads
Strategies and Tactics
Traditional Strategies:
New Market Penetration: first product of its kind/selling more
soccer balls to existing sport consumers
Market Expansion: market Smart Ball to high school males, ages
13-18, playing varsity soccer in northeastern U.S.
Product Development: new products include MP3 file that acts
as training coach, Smart Cleats, and Smart Balls for other sports
Diversification: computer software for collegiate soccer coaches
at Division III level to use in classroom training sessions,
possibility of applying technology to other types of products
Strategies and Tactics Cont. Brand Management:
Brand should represent quality, innovation, effectiveness, and consumer satisfaction
Brand should be top of the line but affordable
Development of loyal consumer base to help company grow to a multimillion dollar business in future
Relationship Marketing: interactive relationship with consumers through product demonstrations and one-on-one attention from sales reps
Tribal Marketing: help consumers bond over passion for soccer and use of Smart Ball
Marketing Mix Product Smart Soccer Ball
Price $65.00: product is elastic so need a reasonable price
Covers fixed and variable costs while still allowing STU to profit
Place Retail Stores: Dick’s Sporting Goods and the Sport’s Authority
Online: World Soccer Shop, Eurosport, STU website
Events: soccer tournaments, professional soccer games
Promotions Demonstrations, professional athlete endorsements, product
discounts/giveaways, email blasts, mailings
Public Relations Utilize customer testimonials to promote Smart Ball
Continual presence in soccer community