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Sunday, July 27, 2014

Mastery Journal - Sports Management & Operations



            I consider myself to be a sports fanatic. More specifically, I consider myself to be a sports-statistics junkie who is extremely interested in how the sports-world works. For as long as I can remember, I have always been fascinated with the puzzle pieces that form the bigger picture, not only in the sports realm but also in business (and life) in general. The largest department within these industries that captures my undivided attention, more so than others, is management. My current course at Full Sail University, Sports Management and Operations, successfully combines all of these categories into one class, and I absolutely love it.
            While delving deeper into many sports-related aspects like player representation, facility issues, media rights, and fan loyalty and engagement, I was able to increase my knowledge of these topics tenfold. Now I can actually have an intelligent conversation with someone about these matters and not feel like I’m just someone who is only familiar with these subjects.
            As someone who grew up loving sports, but was rarely able to participate on an “organized team” level due to being considered by many to be “too skinny” or not as talented as the next man, I began looking into the athlete representation and management side of the equation, for the possibility of a sports-related career of my own. This is why I enjoyed learning about sports agents during the second week of this course.
            By learning more about sports management and operations, I wouldn’t say that my career aspirations have changed as much as I would consider them to be even more reinforced and much stronger now. After learning what I have in this course, not only am I still interested in a career in athlete representation or management, I am now even more interested in these fields. 
            I will apply the knowledge that I’ve accumulated during this course into being better prepared for the possibility of working in this industry in the future.

Sunday, July 13, 2014

Fan Loyalty Promotions in Sports

Photo courtesy of Chelsea Moller
 1.)       Fan loyalty and engagement is important to sports organizations for a variety of reasons. It provides a way for organizations to monitor, measure, and analyze the trends and tendencies of their fans. The dynamic of a loyal fan of a sports franchise is basically identical to that of a repeat customer for a business. Aside from certain aspects that are usually known to lead to the success of a business such as a solid foundation, integrity, innovation, and overall makeup of the brand or business, the repeat customer is what generates recurring revenue and drives a business to continue to keep it alive. This is no different in the sports world.
            If a sports organization were to be interested in learning what their fan base is thinking, then perhaps creating a social media profile (or two) would benefit them. If the sports organization were interested in learning how to track their loyal fans across their social media platforms, then perhaps they would choose to follow a few individuals who happen to have influence over other fans within the same organization. There are companies that exist solely to measure, analyze, and assess a “fan loyalty index” across the world of sports. According to Passikoff (2013), the 21st annual Brand Keys Sports Fan Loyalty Index shows that the most loyal fans in the NBA (as of April 16, 2013) are Miami Heat fans with the San Antonio Spurs fans at number two. There could be a correlation between this statistic and the fact that these two teams were the best two teams in the league at this current time. I’m sure teams that win more often than they lose will have a higher fan loyalty score than those who lose more often than they win. I suppose a “bandwagon” mentality could be addressed here, but this would begin straying from the original topic matter. Speaking of the Miami Heat, and bandwagons, as of this current week in sports, the Miami Heat’s best player, LeBron James, has signed a deal to return to his hometown team, the Cleveland Cavaliers. This should have a dramatic effect on the annual Brand Keys Sports Fan Loyalty Index of the Miami Heat during the next year.

2.)       Some professional sports organizations are already running campaigns that encourage and benefit fan loyalty. According to Fischer (2012), the Miami Dolphins introduced a “new consumer loyalty effort called The Fin Club, powered by New York-based startup CrowdTwist” (¶ 1). The Fin Club awards points for “virtually any Dolphins-related activity” including ticket and merchandise purchases. There are other incentives that reward fans with points including following the team on social networks like Facebook or Twitter. These fans can redeem their points for unique rewards such as the chance to run out the team flag during player introductions at a home game, interviewing players, or hosting a business meeting in the team’s locker room. Through the services provided by CrowdTwist, The Fin Club will allow the Dolphins to “measure, analyze, and reward all trackable fan behavior around the team, both online and offline.” Many fans are responding very well to the existing fan loyalty programs across the sports industry. It allows the loyal fan to interact more with their favorite team through engaging activities as well as providing them special benefits that wouldn’t be available or accessible to other fans. Loyal fans enjoy their exclusivity. Unfortunately, the Miami Dolphins aren’t necessarily the “choice” team to experiment with fan loyalty rewards programs, given that the Dolphins aren’t necessarily a winning team. I would be interested to see how this type of program would affect a team with a rich tradition of sold-out home games and fan interaction, like the Green Bay Packers.

3.)       Three ways to engage fans before, during, and post game to increase fan attendance may include either running multiple promotions at once, having one large promotion to encompass it all, or both.
            In order to engage fans before a game, a sports organization could offer discounted concessions and/or merchandise up until the scheduled game time. A sports organization could also offer some kind of seat-selection drawing to reward a fan that’s already in attendance before the game. An organization could collect the data from each ticket scanned upon entry to the facility until the scheduled drawing when one lucky fan’s seat number could be called to win the prize/reward. Another way to engage fans before a game could include a tailgating promotion where a player or two from the home team walks around the lot with the mascot for a couple of hours before the game begins. These “tailgating tours” could reward fans with upgraded seats or vouchers for the team’s in-stadium merchandise shop or concession stands.
            In order to engage fans during a game, a sports organization could have a promotion that occurs during the game’s “break time(s).” This would occur during halftime of a basketball, football, or hockey game, as well as during the seventh-inning-stretch of a baseball game. Smaller promotions could also occur during the team’s timeouts. In order to cut back on the congestion of the concessions and bathrooms during these special breaks, this promotion could be viewed on the “Jumbotron” to keep many people in their seats during the break. Sports organizations could also bring in local or national entertainment acts in order to perform during these breaks. Organizations could also run discounted concessions for a limited time after the home team scores. They could also build up the discount as the game progresses too. Let’s say, for each goal the Chicago Blackhawks score tonight, fans will receive an additional $1 off of a standard Chicago Hot Dog at the concession stands (up to a total of $4 off). They could always choose a different item to promote, or a different cause as the destination for their “build up” promotion to be paid to. For example, let’s say for the length of a baseball series in Chicago, the Cubs have agreed to donate $1,000 to the United Way for each run scored by the home team over the next three home games.
            In order to engage fans after the game, a sports organization could offer a chance to “come on back” by awarding tickets for the team’s next home game to five lucky winners whose names will be announce over the loud speakers after the game has ended. These lucky fans will have to claim their tickets on their way out of the facility that day in order to redeem the promotion. I’ve found that most sporting events like to usher people out as soon as possible in order to begin cleaning up. If this is the case, then an organization could offer promotions that fans don’t need to physically remain at the facility for, like a chance to win an autographed piece of merchandise to those who upload a legible photo of their ticket stub to the team’s social media page before midnight of that night, or by attending an official team “after party” whether it’s at a recurring designated sports bar, tavern, restaurant, etc.

Works Cited:

Fischer, E. (2012). Dolphins launch ‘fin’ loyalty club. Sports Business Daily. Retrieved July 10, 2014 from http://www.sportsbusinessdaily.com/Journal/Issues/2012/08/13/Franchises/Dolphins.aspx
Passikoff, R. (2013). The most loyal fans in basketball. Forbes.com. Retrieved July 11, 2014 from http://www.forbes.com/sites/marketshare/2013/04/16/19766/
Scibetti, R. (2013). Sports fan loyalty index. TheBusinessOfSports.com. Retrieved July 11, 2014 from http://www.thebusinessofsports.com/2010/03/30/sports-fan-loyalty-index/