Professional Documents
Culture Documents
1. INTRODUCTION 3
3. RESEARCH METHODOLOGY 47
3.4 METHODOLOGY 49
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4. EVENT MANAGEMENT A PROMOTIONAL TOOL 50
4.10 APPICABILITY 82
6. RECOMMENDATIONS 97
7. CONCLUSION 98
8.ANNEXURE 99
8.1 QUESTIONNAIRE 99
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9.BIBLIOGRAPHY 113
1. INTRODUCTION
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Event marketing is growing rapidly because it provides companies
alternatives to the cluttered mass media, an ability to segment on a local or
regional basis, and opportunities for reaching narrow lifestyle groups whose
consumption behavior can be linked with the local event. MasterCard invested an
estimated $25 million in sponsoring the nine-city World Cup soccer championship
in the United States in 1994 and will likely sponsor other big events in many
countries as well.
Olympics and its renowned five rings are “the world’s most effective
property” in terms of marketing tools. The Olympics sell sponsorship on a local
and global basis, and every couple of year’s corporation’s line up to pay as much
as $50 million to be the lord of the rings. The Atlanta games in 1996 have a
reported $3 billion in the bank as a result of negotiating sponsorship, broadcast,
and licensee fees.
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1.1 CONCEPTUAL FRAMEWORK
What is Marketing?
Marketing can be defined as a process by which individuals and groups
obtain what they want through creating, offering and exchanging products of value
with others. All sport and recreation organizations undertake marketing, although
they are often unaware that they are actually doing so. Listing in the yellow pages,
telephone directory, placing information in the local newspaper, offering a
discount and special offers etc. are all forms of marketing.
Marketing Tools
The “marketing mix” or marketing tools an organization can use can be
classified into four categories:
Product
Price
Place
Promotion
Tools of Promotion
Advertising
Public Relations
Direct marketing
Word of mouth
Hospitality
Advertising
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Advertising
It is the controlled method of communicating the message. The event manager
can manipulate the message. It includes the following:
It can be done by the event manager or, if the event and promotional campaign
is too big, by an appointed advertising agency.
Public Relations
Often it is part of the event manager's job to gain maximum exposure for the
event. PR is different from advertising in that it is not self praise but carries the
strength of disinterested credibility. It communicates a more complex message
than advertising. It is free but the event manager looses control over the result. It
can be publicity can be positive or negative. To this end it is important that the
event manager maintains control over as much of the public relations as possible.
A thorough knowledge of the media's requirements and beneficial interaction with
the media personnel are sensible methods. Although PR is mostly proactive, it is
important for an event to have a reactive PR strategy as part of the event risk
management. Who will make public statements to the press when there is an
emergency? The PR campaign is a plan to gain maximum positive publicity for
the event. For an entrepreneurial event it would include:
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Data collection: Preparing a media list of suitable targeted media, preparing
a contact list and club list such as politicians, interested people and opinion
leaders - often called media talent - who can be called on to make suitable
comments or actions which promote the event.
List ideas for continuous exposure such as interesting media ready stories,
competitions, public appearances, stunts, speeches, feeding the chooks.
When these lists are prepared, the ideas prioritized and the story angles
determined, the journalist, editor or producer is contacted to ascertain the exposure
potential of the item. These publicity items are then placed into an overall
promotion schedule. The critical path is ascertained to ensure continual and
growing interest in the event. Milestones such as important editorials at critical
times can also be established. Specialist magazines and newsletters with their
highly targeted audience such as in-flight magazines, business magazines, trade
publications and association newsletters, need to be included in the lists.
Depending on the size and complexity of the event, the PR strategy can range
from organizing a media launch and handing out a press kit to just sending a out a
one page media release to selected media. News releases can be staggered over the
planning period to generate increased interest in the event.
Make it clear and concise with the main features at the very beginning of
the release.
Pitch it at the correct level: who will write the story and who will read it.
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Identify any media talent associated with the event and give their contact
details.
Make sure all the spelling is correct – particularly sponsors and main
participants.
The media launch is used by most large festivals, although it can be used by
'boutique' events that target a specific audience. If the launch takes place in an
interesting area, it can be used as an opportunity to take photos and record
interviews. Television requires special facilities such as access, power and
transmission links.
Event program
Sponsor information
Although PR involves the event's relation to the public, it is the relations that
the event manager develops with the media that can create interest in the event. It
implies developing a rapport with the media - finding out what they want and how
best to supply it. Networking is possibly the best way to develop this rapport.
If the manager does not have time or the inclination to do this then the event
organization should consider hiring a PR company.
Direct Marketing
This is delivering the promotional message straight to the interested
individual. The basis of direct marketing is the establishment of a data bank and a
strategy to best reach those individuals. The mail out is the most common
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traditional method. The database can be created from previous events through
competitions, guest books, inquiries, point of sale information or just by asking the
participants if they would like to receive information on other similar events.
The effectiveness of direct marketing can be seen in the Port Fairy Festival
in southern Victoria. The Festival has an overall budget of half a million and only
spends $6,000 on their promotion. Each person who comes to the festival is given
the first rights to buy a ticket. The tickets are sold out five months before the
festival begins.
Word of Mouth
Bill Hauritz of the Woodford Festival in Southern Queensland estimates
their advertising budget at less than $1000. The ticket sales generate over one
million dollars. Their promotion strategy is just word of mouth. An annual event,
they have concentrated on the quality of their program and site. This has built up a
loyal following.
Hospitality
As part of the promotion tool kit, hospitality can be powerful. The special
event or festival has to promote itself to the sponsors. The diner for sponsors, for
example, can be an inexpensive way to promote the event. A tour of the site can be
an effective way of promoting the event.
Web Sites
The latest and increasingly popular method of promoting an event is to
create a web site. The advantage is that the site can also capture enquiries and be a
point of sale for tickets. The current movement towards virtual reality sites can
give the potential attendee a view of the event. The site can give real information,
such as the program and map. Used in conjunction with a other elements of the PR
campaign, a web site can be used to distribute photos and press releases. It
transfers the some of the cost to the customer.
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1.2 PROBLEMS ASSOCIATED WITH TRADITIONAL MEDIA
The problems associated with traditional media that has been used for
satisfying marketing needs discussed in the previous section are listed below:
1. Too many advertisements have led to a cluttering on T.V, print and other
media. This has given rise to a need for avenues, which provide exclusivity
to the sponsor while not sacrificing the benefits of reach and impact.
2. The increasing no. of TV channels and the greater no. of programs have led
to fragmentation of the viewer-ship. Hence, the need for narrow-casting of
campaigns to the sharply defined target audience.
4. Media cost inflation – Due to rising inflation which has been eroding the
advertising budget, advertisers are demanding the beat return from every
ad-rupee spent. Media planning has become more complex and therefore
the need for increase the effectiveness in terms of tangible impact which
can be instantly evaluated has risen.
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1.3 RELATION BETWEEN EVENT MARKETING AND THE 5PS
The five Ps of marketing: product, place, people, price and promotion play
an essential role in Event Marketing. To successfully use Event Marketing the
marketer must understand how Event Marketing fits together with the other parts
of the marketing strategy. Kotler describes the organization’s marketing mix as
controllable variables that are mixed so that the organization gets the response that
they are asking for from the target market. Event Marketing fits under promotion
in the marketing mix. Other marketing tools that goes under this section are
advertising, sales promotion, personal sales, direct sales, public relations, and
sponsoring. Event Marketing is not a substitute for any of the other components- it
is a complement. It takes an imaginative mix of all the communication tools
available to extend the impact of the event.
If an organization uses Event Marketing, they still need to use the other
parts of the promotion mix before, during, and after the event. An example of this
could be how a car producer can have advertisements to inform about a new car
launch, and then use events to get people to test drive the new car, and then follow
up with direct marketing with a discount coupon. One of the main advantages with
Event Marketing compared to the other channels is that the objective can both be
direct sales, and image building, depending on how it is used.
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1.4 EVOLUTION OF EVENT MARKETING
From its origins in event planning, the event marketing industry has seen
great growth in the last five years and has consistently been one of the most
effective tools that marketing professionals have at their disposal in terms of
making a tangible connection to current and potential customers. The increasing
competitive pressures brought on by globalization are forcing business
professionals to find new ways to engage customers. Not surprisingly, savvy event
marketing professionals are therefore focusing the majority of their efforts and
budgetary spend on lead generation tactics such as trade shows. While it is
important to garner leads, marketing and specifically event marketing
professionals cannot lose sight of the fact that the sales cycle only begins at lead
generation and that current and prospective customers must also be nurtured even
beyond purchase. Companies can benefit tremendously from the deeper event
marketing touch points that promote nurturing such as proprietary conferences that
provide a controlled environment for delivering messages and closing business.
The nurturing process will allow the customers to more effectively be funneled
into the subsequent stages of the sales cycle thus creating greater opportunities to
develop into repeat customers.
EVENT MARKETING
An event is a live multimedia package with a preconceived concept,
customized or modified to achieve the clients objective of reaching out and
suitably influencing the sharply defined, specially gathered target audience by
providing a complete sensual experience and an avenue for two-way interaction.
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EVENT
S
Right
Communication Live Desired
WITH CREATES Impact
from the Audienc
client e
Event marketing involves canvassing for clients and arranging feedback for
the creative concepts during and after the concept initiation so as to arrive at a
customized package for the client, keeping the brand values and target audience in
mind. Marketing plays an important role in pricing and negotiations as well as
identifying opportunities to define and retain event properties by gathering
marketing intelligence with regard to pricing, timing etc.
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In fact, ideally event marketing involves simultaneous canvassing and
studying the brand prints; understanding what the brand stands for, its positioning
and values, identifying the target audience and liaison with the creative
conceptualizes to create an event for a prefect mesh with the brand’s personality.
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1.5 KEY ISSUE FOR EVENT MARKETING
The Human Dimension
A key issue for Event Marketing is having the right human resources
communicating the brand values. The importance of having people working that
truly understand the brand was emphasized by almost all the interviewees. The
human dimension of Event Marketing is what creates the uniqueness to the brand
in an event, especially for high-involvement purchases. In the capital goods
industry, where high involvement decisions are taken and more reliable
information is needed, interaction serves as a great function. When buying a car,
the consumer is making one of his/her biggest investments, the consumer is more
sensitive and might require more than one-way communication to convert to
another brand. What makes the 3D advertisement more unique is adding a human
dimension, by placing someone who is familiar with and can communicate the
company brand and product.
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Mental Models are deeply ingrained assumptions and generalizations that
influence how we understand the world and how we take action. The models keep
us in the same pattern of both thinking and acting. By questioning the Mental
Models people see matters from a different perspective and openness. But in order
to be able to question the Mental Models we first must realize that there has to be
something to gain by questioning them.
Most managers today only see the brand as the company’s logo and
corporate identity program, but in the future the company “brand” will have to
encapsulate and communicate what an organization is and what it stands for.
Therefore the manager must change the interpretation of the brand. It is as
important to win a distinguished and distinctive place in the perception of a
company’s actual and perspective customers, as it is the same with the employees.
Since it is the human dimension that adds the value to a customer/prospect in an
event, all members and functions in the organization must not only be market
orientated in general but also market orientated in combination with the brand
values. It is a common fact that people are different and cannot adjust to all
situations.
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Integrated Organization
When working with Event Marketing it is important to have a well-
integrated organization, therefore we agree, “that internal marketing builds service
quality”. Internal marketing can be defined as selling the firm to its employees,
and Kotler and Armstrong (1993) view internal marketing as the building of
customer orientation among employees by training and motivating both consumer
contact and support staff as a team. These definitions might be too static, since
they are not teaching the employees; rather they are persuading how great the
business idea of the company is.
If, for example, you are looking for reach and you are selling a low cost
product with wide general appeal, sports sponsorship may be the avenue for you.
If your product is an up market one, artistic events could suit you better. If your
have a technical product, science-type sponsorships would be possibilities and if
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your main aim is to be seen as a good corporate citizen, put your sponsorship
money into good causes. The Children’s Hospital, the Red Cross or the
environment, to name three, AIDS research is another one.
Charities go out of their way to meet both their own fund-raising needs and
the profit requirements of the firms they team up with. It is a commercial
relationship and the entire better for it. Charities need funds, and the businesses
need promotions, which show their worth in extra profit.
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1.6 WHY EVENTS
1. Brand Building
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sponsors of Australian cricket team on its India tour, Foster’s hoped to achieve its
goal of brand identity building and positioning itself at the premium end of the
market.
2. Image Building
Over and above the brand identity that a company encourages, events such
as The Great Escape conceived by Mahindra and Mahindra, exclusively for the
owners of their four wheelers, the Armada, are an attempt to build a specific image
of not only the corporate, but also the product, to let owners experience the thrill
of four wheel driving, M&M charts out an off beat route that emphasizes the
difference between normal and four wheel driving, and lets the participant
experience the high, one feels when steering and navigating an Armada.
Coke is associated with Olympics since 1928, the rationale behind this is
similar values and ideologies: International peace, brotherhood, standard of
excellence and fun.
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Fig 1.3: Constructing the Brand Value Chain
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Unparalleled footwear company NIKE ensures that it sponsors those events
which will give it a chance to create an emotional tie with the participants through
onsite brand usage and product presentation.
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Increasing customer traffic in stores
Events can be conceptualized to increase customer traffic. They can be
customized to make available, concepts ranging from retail store specific events to
mega events like one day international cricket tournament. For example, Nescafe
3-in-1 treasure hunt, co-sponsored by McDonald’s is a combined effect in
increasing the customer traffic as well as increasing the awareness among the
upper class of the existence of new McD’s outlets.
Coke is sponsoring the Olympic since 1928. As coke does business in over
200 countries, the Olympics give the company the opportunity to identify its
product with the foremost special event in the world.
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The need for interaction is not restricted to external customers only and end
consumers are not always the focus of live media exercises. This is especially
popular amongst pharmaceutical and other FMCG companies. For Example,
during the cricket world cup held in England HSBC introduced a unique pattern of
motivating the sales force by awarding them runs instead of the traditional points
system. This resulted in conversion of almost all of its employees into sales
person.
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1.7 SPONSORSHIP vs. EVENT MARKETING
However, there are many other marketing tools that can build brand-
awareness and create image and not confuse them with event marketing the most
common confusion will be explained here. Authors seem to mix up the concept of
Event Marketing and sponsorship, although there is a difference between the two.
When using Event Marketing, the organization works with the event as part of the
marketing strategy. When sponsoring an event, the organization buys exposure
during the event at different levels of the event itself. International Events Group
(IEG) defines sponsorship this way: “The relationship between a sponsor and a
property in which the sponsor pays a cash or in-kind fee in return for access to the
exploitable commercial potential associated with the property.” By using the
commercial right, the sponsor could associate the brand and have an effective
selection of the target group to market themselves to. The association makes the
brand synonymous with the sponsored happening, and thereby the sponsoring has
been called association by event. Today sponsorship is one of the world’s fastest
growing forms of marketing and together with Event Marketing they begin to play
a more dominant role in many companies´ marketing budgets.
This model shows one way to look at where traditional sponsoring fits in
compared to Event Marketing.
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When the organization is sponsoring an event, (upper left corner) there is
always a business agreement between at least two parties, which Event Marketing
does not necessarily have. Usually this is the case when there is a sport
competition such as the Olympics or a World Championship. This kind of
sponsoring limits the possibilities for the organization to market their products
since they have no control over the happenings at the event, etc. There is a concept
called the double lever effect, which explains the relationship between different
events. When organizations move to EM (1), EM (2) and EM (3) the organizations
increase their control and also the risk is increased. When the control is increased,
there is also a larger possibility for organizations to use the event integrated with
the other marketing strategies. This fig 1.5 shows how it comes to be a double
lever effect:
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1.8 SIZE OF EVENTS
In terms of size events maybe categorized as follows:
1. Mega Events
The largest events are called mega events, which are generally targeted at
international markets. All such events have a specific yield in terms of increased
tourism, media coverage and economic impact.
Example: The Olympic Games, World Cup Soccer, Super Bowl, Maha Kumbh
Mela.
2. Regional Events
Regional events are designed to increase the appeal of a specific tourism
destination or region.
3. Major Events
These events attract significant local interest and large no of participants as
well as generating significant tourism revenue.
4. Minor Events
Most events fall into this category and it is here that most event managers
gain their experience. In addition to annual events, there are many one time events
including historical, cultural, musical and dance performances. Meetings, parties,
celebrations, conventions, award ceremonies, exhibitions, sporting events and
many other community and social event fit into this category.
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5. Festivals
Various forms of festivals are increasingly popular providing a particular
region the opportunity to showcase its product. Wine and food festivals are the
most common events falling under this category. Religious festivals fall into this
category as well.
6. Family
Weddings, anniversaries, divorces and funerals all provide opportunities for
families together. Funerals are increasingly are becoming big events with non
traditional coffins, speeches and even entertainment. It is important for the event
manager to keep track of these changing social trends.
7. Fund Raising
Fairs, which are common in most communities, are frequently run by
enthusiastic local committees. The effort in the organization required for these
events are often underestimated. As their general aim is raising funds, it is
important that rides and other such contracted activities contribute to, rather than
reduce, revenue.
8. Miscellaneous
Some events defy categorization. Potatoes, walnuts, wild flowers, roses,
dogs, horses, teddy bears all provide the focus for an event organized in United
States.
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KEY ELEMENTS OF EVENTS
Event
Organizer Infrastructure
Target
Venue Audience
EVENT
Media Client
Event Organizers
Femina with
Event Infrastructure
Core Concept: Search for new top class modeling talent through a contest
and pageant interspersed with entertainment.
Core People: Participants i.e., models taking part in the competition and
other performers during entertainment slots such as well known classical
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musicians, Pt. Shiv Kumar Sharma accompanied by Ustad. Shafat Ali Khan
and popular music by Sweta Shetty and Stereo Nation.
Importance of Infrastructure
Indian business events, particularly large trade fairs, are underdeveloped as
a result of poor infrastructure outside Delhi. New exhibition and convention
centers developed in Chennai and Hyderabad will help spur the industry’s growth.
If a new facility of international standard can finally be built in Mumbai, this will
generate a huge opportunity for business media companies. Smaller, traveling
events, road shows which move around the country’s many secondary markets
will also be significant income generators for some business media firms.
Event Venue
The two types of venue are as follows:
In-house Venue: Any event that is executed within the premises of the
company or institution or in the private homes or proprieties belonging to
the client is called an in-house venue. The use of such venue is reserved for
the employees of the company or the residents of the campus. Most in-
house venues do not need to be paid or even if a payment is involved, it
may be open for favorable negotiation. The main advantage of in-house
venue is the huge saving in the costs incurred in hiring the venue.
External Venue: Any venue over which neither the client nor the
professional organizer have any ownership rights is called an external
venue. These are venues open for the general public. Example: Hotels,
Stadium etc, etc…
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Example of Key Elements of Event:
Event : L’Oreal Femina Elite Model Look’98
Venue
Media
Clients
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2. CRITICAL REVIEW OF LITERATURE
– conducted by
Current customers and prospects can benefit from meetings and events as
they provide the greatest opportunity to learn about a company’s brand, value
proposition and (new) products/ services. Companies can derive business value
from events to strengthen product or brand awareness; differentiate from the
competition; educate or train employees and ultimately increase sales.
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Three key indicators in Chart 1 show, however, an interesting change
from 2005:
1. The importance of event marketing has remained virtually constant from
the prior year.
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2.1 A Watershed Event
Enter the CMO’s white knight in the quest for the enigmatic and much
sought after integrated marketing campaign — the evolution from event marketing
to experiential marketing — an integrated campaign model offering the
opportunity for an audience to “live the brand.” Although it is too soon to measure
how transformational the evolution to experiential marketing will be for the
meetings and events industry, high level findings from the 2006 global research
indicate that overall, awareness of and interest in experiential marketing has the
opportunity to bring the meetings and events industry to new heights.
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2.2 The Key Take-Away
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2.3 The Role of Event Marketing Remains Important In the
Marketing Mix
As the world economy continues its 2006 recovery, companies face ever-
increasing financial pressures to generate additional revenues and improve profit
margins. Globalization has created a myriad of new opportunities for companies
but has simultaneously brought with it new challenges in terms of newfound
competitors vying for the same pool of clients and the inherent need to
communicate one cohesive message to the diversifying marketplace. It is not
surprising therefore to see that almost one third of the marketing professionals
surveyed this year stated that their top marketing concern currently is reaching
new customers. Building brand awareness was respondents’ second most frequent
concern, coming in at a distant 13%.
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from last year insofar as it was less of a vital component and taken more under
consideration with other mediums. Although the current marketing mix shows in
Chart 2 a slight decline as compared to last year, almost 50% of respondents stated
that the future importance of event marketing was either increasing or increasing
strongly. Furthermore, an additional 40% of respondents stated that the future
importance would remain constant. This stability in event marketing’s role is
corroborated by the fact that event marketing represents more than 25% of survey
respondents’ overall marketing budget, which is only slightly less than a one
percent reduction from last year’s figure.
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2.4 Event Marketing Continues to Deliver ROI
Although the results of this year’s survey suggest that the current role of
event marketing may have slipped slightly in companies’ marketing mix, the data
also shows conflicting information insofar as event marketing remains the
marketing element that provides by far the highest returns on investment.
Chart 3 shows that almost one in four respondents to the 2006 survey
believes that event marketing provides the greatest ROI in Marketing. Although
the figure is almost identical to last year’s estimate (and decreasing over time), it is
a statistical bragging right that event marketing has held for the last three straight
years, as well as four of the five years of this study (see Chart 4).
The most common reasons given for event marketing’s high returns on
investment come from the fact that it provides the greatest opportunity for direct,
in-person, face-to-face contact (58%) and that it provides the best opportunity to
reach a targeted audience (45%). Survey respondents also attribute event
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marketing’s high ROI to the fact that it provides one of the only opportunities to
reach a large and engaged audience in one venue (28%).
Turning to specific types of events, the survey results show that Trade
shows (40%) followed by conferences and seminars (21%) are the external events
that are believed to provide the greatest ROI due primarily to their ability to attract
new customers. When asked to look at their internal events, respondents cited
education/training events (41%) followed by sales or marketing meetings (28%) as
the internal events those are deemed to provide the greatest ROI.
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2.5 Measurement Impacts Event Marketing Budgets
The survey data shows that not only has the number of companies who
measure increased considerably from last year, but there has also been a slight
increase in the marketing budget allocated to measurement — up one tick from
last year — to 12%. When asked what key performance indicators (KPI)
companies were measuring, over one third of respondents (36%) cited number of
qualified leads, with overall communication effectiveness and sales increases each
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receiving 31% of the votes. The most common tools used to calculate these KPI
were sales reports (28%), onsite surveys (26%) and post event surveys (24%).
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2.6 TRANSITION TO EXPERIENCE MARKETING
Over half of survey respondents (55%) in fact gave this definition to the
term “experience marketing.” This year’s research also shows that 80% of
respondents are currently adding experiencing marketing in some form or another
to their marketing mix. Not only have a significant number of companies tried
some experience marketing strategies, but a vast majority also feels as if there are
tangible benefits to the updated approach. A remarkable 87% have said that they
may eventually transition towards experiential marketing, while 74% have
definitively said they will be moving forward with more experiential marketing
within the next twelve months (see Chart 7). The most common reason given by
survey respondents for moving towards experience marketing was that it provides
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a better method to convey the persuasive difference between their brand and the
competition’s. The second most frequent reason given was that it provides an
opportunity to leverage marketing spend across all of a company’s marketing
disciplines. Although rooted heavily in event marketing, experience marketing
should be considered a hybrid of many disparate forms of marketing finally
coming together looking to cohesively interact with the customer.
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marketing trends report globally and the longest-running study for the event
marketing industry, providing the insight and guidance corporations and event
marketing professionals within this field need to develop strategic marketing
programs.
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3. RESEARCH METHODOLOGY
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3.2 NEED OF THE PROJECT
The need of the project is to study and analyses certain issues in event
marketing and event management, which need further attention. And some
suggestions have been given to make the Event Marketing and event management
industry more effective in order to utilize its full potential and serve the objective
of an event and be mutually beneficial for the Event agency, the Corporate and the
customer.
4. Understand and manage the event in the best and effective way.
The few reasons for choosing event marketing as a promotion tool are
as follows:
1. To accelerate your product into new markets.
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7. To change or improve the perception of your product.
3.4 METHODOLOGY
Primary research detailed discussions with event management firms and the
corporate clients. Subsequent additions were made to the interview schedule to
suit the specific events under study.
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Initial
Concept
Canvassing
Conceptuali
-zation
Customization
Costing
Final Concept
Carry-Out
EVENT
Example:
Event : Holi
Place : Mumbai
Year : 1997
Duration : 2 Days
Costing
Canvassing
Many corporates were approached with the initial concept to sponsor the
event. The leads generated through canvassing for sponsors and negotiation with
venue owners gave a strong impetus and indication of success for a particular
variation. A leading soft drinks company could be persuaded to fully sponsor the
event.
Customization
The target audience of the soft drink company was pre-dominantly was fun-
seeking youth. The initial concept needed to be changed from a family oriented
event to a youthful event. The budget was needed to be drastically reduced to Rs.
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2lakhs per center and the event was to be simultaneously conducted in 5 locations
spread across the country.
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Marketing compared to other marketing channels. In the definition of Event
Marketing, it is said that “an event is an activity that gathers the target group in
time and room.” This means that the event is eliminated from the noise.
Dominant
Relative Position
Strong
Favorable
Tentative
Weak
Events
With Regard to the competitive position of events as a medium and the life
cycle stage it is in vis-à-vis other marketing communication media, it is clear that:
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throat competition which is leading to undesirable clutter in all kinds of media
including internet.
Ideally,
External Reach
=1
Actual Reach
The ideal situation in real life is very rare since the external reach gets
drastically reduced in terms of reaching out to the target audience and is therefore
impractical in most cases. This is because the target audience is derived from the
target population which is invariably very large. It is impractical to assume that all
the constituents of the target population can make it to the event. The above ratio
is usually found to be greater than 1 in practice.
External Reach
>1
Actual Reach
2. Measuring Interaction
In most event categories, compared to reach, it is much more difficult to access
the interaction between the audience and the event and the benefit that accrues to
the client. A certain amount of quantifiable data can be of help in measuring
interaction for an event from the clients’ point of view.
The no. of direct and indirect interaction points that have been planned
and arranged for an event provide the first important measurement tool.
The greater the no. of interaction points the better for the client.
No. of interactions
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The opportunity for interaction between the client and the audience
before, during and after the event is also a very tangible measurement
criterion. The greater the opportunity for increasing the no. of
interaction, the better for the client.
Quality of interactions
Every event has a limited time period within which both benefits the
other issues such as controversies are effective. The amount of time that
is available for interaction is very important in that the greater the
duration of the interaction, more are the chances that there are some
meaningful and decisive interaction between the client and the audience.
1. Quantified Objectives
The reason why some people think that it is not possible to evaluate events is
that they have used Event Marketing without a specific purpose or objective. The
one reason why Event Marketing is not measured also depends on the objectives,
but that they are short-time objectives. The cornerstone in the evaluation of events
lies in the objective of the event. Event Marketing can have different objectives
and it is usually not directly to increase direct sales. Whatever the goal is, the
easiest one to evaluate is the one that is expressed and quantified.
The most common criteria for a goal to be valid is that it has a time limit, is
challenging, measurable, realistic, result oriented, clear and that it could be
followed. If the goal is challenging, it is more interesting to try to reach it. If it is
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too, simple it is not inspiring to work for, but at the same time it has to be realistic.
Time limit and measurable goals give a possibility to do a qualitative study. It is
important that they are clear so that everyone understands them and that they can
easily be followed by developing a strategy for how to reach
Identity
Identity is what the organization wants to stand for. The differences between
identity and image are that identity is as mentioned earlier what the franchiser
intends to represent, while the image is how the consumers experience the brand.
The Image is on the receiver’s side, while the identity is on the sender’s side.
Image focuses on how certain groups perceive a product or brand and refers to the
way these groups decode the signals transmitted by the product service and
communication of the brand. The purpose of identity, on the other hand, is to
specify the brand’s meaning, aim and self-image. In regards to Event Marketing it
could be said that the organization sends away an Identity at the event and the
customers receive it as an image of the product or organization.
Using Event Marketing can also differentiate the product for the customer by
making the value of the brand stronger for the customer’s identity. Identity comes
from Latin and means “same”. The identity for a customer means, “who am I in
regards to the surroundings, and to myself?” The brand of a product can symbolize
a part of the individual customer’s identity. The brand can create a promise for the
customer, and the product gives the brand the physical proof of that promise. The
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event in Event Marketing can be seen as a value community. In regards to
Maslow’s thoughts, humans have needs that need to be satisfied. The Value
community creates groups, where three concepts for group development need to
be filled in order to create group belonging. Event Marketing can offer the
individual a short-track to belonging by letting the individual attend an event.
Through the event, the happening and the message will give the individual a
picture of him/herself, and a sense of belonging with other individuals.
This shows that part of the brand advantages lies in the possibility to influence
the individual’s identity, and to make possible his/her relation to other individuals
and in this way strengthen their value community. By doing this, there is a
possibility to differentiate the brand from other brands. The brand is seen as an
independent method of competition.
Image
Image is how the customer understands and looks upon the product, and a
definition is “how the consumers experience the brand.” An event can give the
customer a clear picture of the corporate identity that the company is striving for.
Usually the image consists of different key factors that the customer receives
during different times and in different places. These key factors could be the
communication that the organization has the physical environment, products,
service, ethics, social responsibility, engagement in social and local happenings,
and the behavior of representatives from the organization
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Fig 2.0: Image Building
The experience at the event may of course result in direct sales, but normally
they help to build image and create positive associations around the brand that will
lead to more sales later on. Image can create lots of competitive advantages
compared to other brands. This is especially true when the differences between the
brands are small. A positive image can lead to not only increased sales, but it can
also strengthen the relationships with all interesting parties within and outside the
organization, facilitate new employment, increase the tolerance of customers, and
facilitate crises. However, even though the main objective with the event is not to
change or build image, there is always a possibility for the customer to change
his/her opinion and image of the organization.
Exposure Rate: A way to measure the Image that the event has created could
be done by looking at their exposure rate. However before using and trying to get
media attention to an event it requires a careful analysis of the purpose, benefits
and to see if the media is available to deliver the appropriate message. There are
many different organizations that are working with observing the media and can
deliver the exact amount of times a name of a brand or product figured in the
media.
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Positioning & Branding
When a company has decided to use Event Marketing they need to understand
how Event Marketing can change the perception of the product in the customers
mind, and the positioning of the product. According to Kotler, it is extremely
important to have a specific positioning in the customer’s mind, due to the fact that
if a similar product has the same positioning there is no need for the customer to
buy your product. It is important to create an image and a correct positioning for
customers that create differentiation between products. The positioning
distinguishes brands from each other and creates a place on the market and in the
consumer’s minds for a particular project. The idea behind positioning is to create
brand awareness, which ideally leads to long-term brand loyalty. The positioning
is a two-stage process, indicating which category the brand should be placed in
and the differences between the brands in this category.
Products are becoming more and more alike. A company needs to diversify its
product from competitors´ products. An organization has three main perspectives
for differentiation. They are: total perspective, more value for money, produces
trustworthy products at a reasonable price, product perspective, offer a better
product that is newer, faster, cheaper, with unique selling attributes, and customer
perspective, to know the customer better, and thereby reply to their needs faster.
The last perspective, the customer perspective, involves the relationship between
the customer and the organization. An event is the physical meeting between
customer and organization, and thereby Event Marketing can be used as a tool to
build relationships and create differentiation. The idea behind positioning is to
create brand awareness. Direct advantage of using Event Marketing is that it
creates high brand awareness around the product. The value of the brand lies in the
mind of the potential buyers, and not with the business itself. Branding is part of
the marketing strategy and product differentiation. The brand can communicate
more directly with the consumer than the product itself can; if the brand is seen as
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having a personality and symbolizing certain values. This is due to the fact that the
brand has an emotional appeal to the consumers. A trend within Event Marketing
is to involve more cultural aspects at events.
The cultural aspects of events are not used extensively today. He further argues
that culture and brand strategy go hand in hand. Over time, a relationship between
the customer and the product can be developed into brand loyalty. This loyalty is
characterized by a positive attitude towards the brand, and over time continued
purchase of the same brand. A company seeks high brand loyalty because it
creates stability and provides an opportunity to gain high market share and profit.
The development of brand loyalty can be seen as a three-step model. The first step
is to create an interest for the product in the consumer. When time has past, the
consumers will simplify their buying detour through the product and the
connection between the brand and the target audience is strengthened. The third
step is where brand recognition is created, which is important for creating the
long-term brand loyalty.
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where you know exactly who was there, and where you can control the
environment.
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It is as easy to argue against direct marketing as being the perfect
measurable evaluation technique as it is to argue that Event Marketing should be
trickier to evaluate. This is due to the fact that there is a possibility that the
customers could be affected by other parts of the marketing as they are when it
looks like it is the direct marketing that has made them buy a product. As long as
more than one tool of the marketing mix is used, there is always a possibility that
the customers can be affected by them, and thereby there is no 100% accurate
evaluation tool.
Example:
Event : Olympic Games 2000
Reach
Event Evaluation
Advertisements sales increase from $ 680 million at the 1996 Atlanta
Olympic Games to $ 900 million for the Sydney Olympic Games 2000. MSNBC’s
reach in terms of the subscriber base expected to increase from 59 million to 70
million. CNBC’s reach in terms of the subscriber base expected to increase from
74 million to 80 million.
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REACH
High Low
High Exhibition
INTERACTION
Cultural
Special Business
Competitive
Low
Charitable
Artistic
Brand awareness
Message impact
Audience profile
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Booth Exit Interviews
As a result of your visit to the booth, how likely are you to add the
company to your short list of considered vendors?
One of the big advantages of the exit interview, when done early in the
business event, is that it allows mid-course correction of any problems
uncovered.
Post-Event Surveys
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that participated in a certain activity at the business event. Surveys typically
support the following event objectives:
Competitive comparisons
2. Qualitative Tools:
Qualitative metrics, while not projectable to the entire population, can be
helpful in assessing your performance. Following are a few of the more beneficial
qualitative approaches.
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Mystery Shopping
If you’re looking for an objective means of analyzing your booth’s
effectiveness, consider hiring a professional evaluator to “mystery shop”
your booth and assess the experience from the point of view of a customer
or prospect. Many trade show consultants offer this service.
Staff Feedback
The booth staff is your first line of customer contact, and a rich
source of data on most elements of interest. Staff feedback forms can be
used for continuous improvement in training, exhibit effectiveness,
placement, and other marketing tactics during the trade show.
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invited in advance by the sales team to visit the booth or attend a business event.
Distribute the list to booth staff and other company representatives at the trade
show. Ask them to check off any who were engaged in conversation, and make
other comments. Subsequent analysis of customer spending correlated to contact
points can often then help identify the relative importance of the trade show visit
in helping to secure orders from specific customers.
Competitive Analysis
Assessing the presence of the competition is best approached qualitatively.
Check the trade show guide to see who among your competitors is exhibiting,
speaking, or sponsoring events. Assign competitive sleuthing duty to several of
your booth staff and other company attendees, if possible. Provide them with a
form to fill out that covers such items as booth size and location, products
featured, staff size, visitor experience, etc.
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A good marketing plan summarizes the who, what, where, when, and how
much questions of the company:
The goals and objectives section outlines major company goals and the
marketing and financial objectives.
The sales and marketing plan outlines each specific marketing event or action
plan to increase sales. For example, it may contain a summary of quarterly
promotion and advertising plans, with spending, timing, and share or shipment
goals for each program.
The sales and marketing plan outlines each specific marketing event or action
plan to increase sales. For example, it may contain a summary of quarterly
promotion and advertising plans, with spending, timing, and share or shipment
goals for each program.
Have give-aways (e.g. bookmarks or pens) that are useful and give details
of your business.
Send news releases about your products and your business to local papers,
radio and TV shows.
Get on the Internet and connect to the world with your own home page.
STRENGTHS WEAKNESSES
OPPORTUNITIES
Maintenance Strategy
Developmental Strategy
Utilizing company’s strengths
Maximize Opportunities
to take maximum
by minimizing weaknesses
advantage of opportunity
EXTERNAL
Survival Strategy
Pre-Emptive Strategy
THREATS
Maintenance Strategy
Arising from a situation of strength and favorable opportunities, the
maintenance strategy provides reasons to carry out activities that maximize
available advantages. This is the perfect position to be in. Beyond this, every
activity gets focused on maintaining the winning edge and the lead over
competitors. The event company here can well afford to be aggressive knowing
very well that it has the relevant strengths to back its claim on the opportunity.
Developmental Strategy
To gin advantage of potential opportunities while not having sufficient
strengths calls for gaining a winning edge by using tactical retreats where
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irrelevant yet not giving up. It requires passive and defensive strategy, which
attacks relevant opportunities in such a way as to cover up on inherent weakness.
Analogy here could be from the game of test cricket where a side that knows
victory is impossible also knows that it can ward off a defeat by trying for a draw.
This can be called a developmental strategy where one tries to make the most of
the opportunity by not giving in to weakness.
Pre-emptive Strategy
This strategy is usually used by entrenched market leaders on new entrants
on their turf. Potential threats are nipped in the bird by exercising the full power of
the company’s strength. This is a very powerful and aggressive strategy as it
requires foresight to fully understand the threats looming on the horizon. Selecting
which one to tackle requires careful study since some points of strength could get
eroded if used unnecessarily.
Survival Strategy
This strategy is used to ensure that the company is alive for a battle on
another day when it will have the requisite strengths to grab its share of
opportunities in the market. This strategy gives license to take decisions like
leasing one’s soul to the devil if only with an intent to retrieve it later. In plain
words, it allows one to make drastic decisions in the face of harsh environment.
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Further to the strategy from the environmental analysis a mapping of event
concepts can be used as a variable component along with decisions on facing
competition, which can lead to more detailed and in-depth strategic alternatives.
EVENT CONCEPTS
Venture Strategy
CONFLICT
Accomplishment Strategy
Maximize user benefits by using
path breaking, trend setting
Relative superiority
initiatives to take a lead vis-à-vis
Exploit competitor’s weakness
competition by being first in the
market.
Sustenance Strategy
This is a strategy to be used when faced with no options but to take on the
adversary with the existing arsenal of event concepts that may be out dated or still
current but nearing the end of its life cycle. It becomes essential that the event
company manage its resources and advantages in terms of CSFs that have been
identified with greater efficacy. Successful concepts need to be brushed up and
revamped to meet customer expectations in the face of competitive offerings.
Rebuttal Strategy
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If the competition forces new concepts first than the rebuttal strategy should
be used. In this, the event company can launch its own new concepts of a similar
vein and regain its dominant position by aggressively promoting the same as a
better alternative. This way the education of the market about the new concept is
left to the new competition and an advantage gained is that market reaction to
certain new concepts is fore known. The disadvantage lies in the fact that the first
mover advantage is lost.
Accomplishment Strategy
This strategy is viable when an existing concept is doing better than any of
the competitors’ equivalent offering. This strategy, therefore, essentially says that
stick to the winning concepts and exploit the fact that competition cannot offer a
similar quality concept and thereby wants to avoid a head-on conflict by itself. The
danger here is that competition may use any of the other strategic alternatives
available to a challenger to combat the situation.
Venture Strategy
This strategy envisages making use of the first mover advantage by
creating new concepts ahead of competition thereby creating niche markets. This
may even involve a re-definition of market segmentation. By maximizing user
benefits and creating path breaking trend setting concepts the event company
positions itself to take a lead vis-à-vis competition by being first in the market.
This is a double-edge strategy in that failure is as devastating as the benefits of a
successful launch.
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STRATEGIC ALTERNATIVES ARISING FROM DEFINED
OBJECTIVES
EVENT CONCEPTS
EXISTING NEW
EXISTING
INCREASE PRODUCTIVITY
RETAIN CLIENTS
OF CLIENTS
CLIENTS
INCREASE PRODUCTIVITY
NEW
MARKET DEVELOPMENT
OF CONCEPTS
The above matrix provides options that event organizers have an offer in
terms of concepts and their market. The basic strategic alternatives here revolve
around whether the objective is to retain customers or market development. These
objectives further lead to the strategic options of achieving them either to
customization or new concept development. By offering new concepts to a
existing customers, a strategy of increasing business from increasing clients can be
discerned. Similarly by offering an existing event to a new client, a strategy of
increasing productivity of the event concept can be followed.
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PREP MODEL
This framework has its roots, in the fact that, events as a business
proposition for corporatisation is relatively nascent in nature. Therefore, the
concept of strategic perspective to growth through and along with clients is a
major decision to be taken by an event agency having major growth plans. This
model deals with the strategic options available by playing off objectives relating
to market development against growth in competition.
CLIENTS
EXISTING NEW
EXISTING
NEW
The above matrix provides the choices before the event company when it
comes to a trade off between clients and competition in terms of assigning
priorities in decision making.
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Predatorial Market Development Strategy
If the development of new clients from existing competitors is the need of
the situation then the event company would be adopting this strategy. This is
essentially an offensive through focused strategy wherein clients of other event
companies are targeted.
Enrichment Strategy
In a market situation where the event company is forced to compete fiercely
for retaining its market this strategy is followed. It is used where the need to
maintain an improve the quality of service becomes predominant.
Retaliatory Strategy
This is basically a defense mechanism wherein the event company tries to
defend it self from preditorial strategies of essentially new entrants. This strategy
involves taking action aimed at retaining its existing clientele and potential client
base.
Pro-active Strategy
The event company here can explore new client bases and stretch the limit
of its concepts across untried event categories. Every event category has its own
special environmental and competitive structures.
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4.9 RISK VERSUS RETURN MATRIX
Time
Pre-Planned Ad-hoe
Assured Returns
Fully
Zero Risk
(can charge extra
Assured Returns
since chances of
failure are high)
Chances of high
ensure reach
profits with equal
Chances of failure
chances of losses
& loss are high
The above matrix considers two of the most important risk factors as well
as the degree to which it can affect the events company – Planning Lead Time and
Type of Finance.
Events based on time can be divided into pre-planned i.e., events carried
out after thorough planning with enough time for taking conscious decisions and
ad-hoc events i.e., those that are taken up on the spur of the moment. On the basis
of finance, events can be fully sponsored, fully ticketed or partially ticketed and
sponsored. Each decision carries with it an element of risk, the gradations of which
can vary from zero risk to very high risk as shown in the Fig 2.7.
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4.10 APPLICABILITY
Differentiation and Focus in Event Marketing
Event Marketing has several advantages with multiple purposes, which
normal marketing media do not have. For example, when advertising in a
magazine, a company needs to decide which message they want to communicate
as well as with whom they want to communicate. For companies using
differentiation as a competitive advantage, spreading several messages in many
different magazines, the result might not cover investment. On the other hand, for
companies using focus as a basic strategy, the cost for gathering information about
the specific target group must match the possibility to actually reach the right
segment. Depending on how Event Marketing is used both differentiation and
focus can be achieved.
There are two major differences when using events. The events
are pre-communicated; the companies have a possibility to control who will
attend, or the event just happens; whoever is there has an opportunity to be a part
of the event. Of course, depending on which place the company selects for the
event, different types of consumers will be reached. When using general events;
meaning that no single target group is invited, the company can still gain on the
situation since they have a chance to adjust the added value to specific customers
during the event. The employees working during the event “read” the situation and
adjust his/her behavior. Further the event itself might also communicate an added
value to other people, although they might not be interested in the specific event.
On the other hand mean that Event Marketing can also be used when
focusing on specific target groups.
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4.11 ADVANTAGES OFFERED BY EVENTS
As is clear from the preceding section, use of events as a marketing
communication tool not only take care of the problems associated with traditional
media but also offer certain advantages because of which events are gaining
importance over them. Some of the advantages are detailed below:
1. Events have the ability to bring together sharply defined participants since
the capacity for a particular event is usually limited. A specific no. of the
target audience could be invited of enticed to buy tickets for a show
especially created for a particular profile of the target audience.
2. Since the audience is actively targeted, the option of control reach can be
exercised and ideal audience for narrow-casting of information can be
gathered. This leads to lowering of the media networking budgets and
focused communication with the specially gathered audience. The audience
that has been specially invited invariably is an ideal audience.
4. The involvement of all the senses in experiencing the event is one of the
greatest advantages that events can offer. Events can be designed such that
the audience is actively involved in every part of the event and made to feel
good. Thus, events as a live media offer a certain amount of immediacy to
the experience – of being there while it‘s happening. For the audience, it is
undoubtedly a thrilling situation.
5. Live media also enables interactive communication. Live media scores over
conventional advertising in terms of reach, impact and tangible immediacy
of measurement. Live media communication is a complete sensual
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experience as compared to a press advertisement or TV/Radio commercial.
This is so because of press ad is basically a flat piece of paper and a
commercial is just an audiovisual experience. The high recall value of live
media communication is also a major factor.
6. No other media can boast of the ability to provide such massive collection
of feed back instantly as events. Being a live media, it is possible to feel
and deduce the reactions of the audience to the aim or objective that the
event was conceived for.
7. Easily customizable nature of events, mean that specific traits of the local
inhabitants can be incorporated in the big picture to ensure that the event is
socially and culturally in tune with the local culture. Thus, the localization
of events is very easy.
8. The advantage in terms of post-event publicity that events can offer over
and above the paid or bartered media is the benefit associated with reports
of the event in the newspaper and news on the electronic media. For such
reports there is no extra cost to be borne – neither by the sponsor nor by the
event organizer. This is a double edged sword because, in case the event is
not up to the mark or is dogged y controversies, then the same is also
reported impartially.
9. The conversion of good events into television software for future use either
by the sponsors for their commercials or by media house for programming
is also a unique benefit that events offer. Such software become products by
themselves and can be used profitability in the future.
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5. ANALYSIS & RESEARCH FINDINGS
This survey also gave scope to take necessary steps for organizing an event
at right place, right time and in front of the right target audience.
Event Marketing companies were also targeted and their response was also
taken which added value to my thesis.
When people were asked what they feel about a particular company which
promotes its product/service through Event Marketing 82% of the respondents
replied that it gives a positive impression about the company and establishes the
quality of their product/service.
When people were asked about the reasons for which they have participated
53% replied that the event appeared amusing which was followed by reasons like a
powerful brand or eye catching signs & banners.
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Graph A: Buying Behavior after a positive experience of an EVENT
90 88
80 78
70 69
60
50
40
30 29
20 16
10 6
10 3 3
0
More less neither More less neither More less neither
likely likely likely likely likely likely
a b c
Where,
Interpretation
If people had a positive experience, about the event 88% are more likely to
buy a product just when they were aware of it. Surprisingly, 78% are more likely
to enter into the buying process even if it’s a new product.
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Graph B: Gender influence on purchase
180
160
140
87
120 76
70
100
80
60
27 90
82
40 67
11
20 6 18
32
3 3
8 7 11
2 2
0
More likelyless likely neither More likelyless likely neither More likelyless likely neither
a b c
Female 70 3 27 87 3 11 76 6 18
Male 67 2 32 90 2 8 82 7 11
Where,
Interpretation
70 68
60
50
40 36
30
24
20 18
12 12
8
9
10 8
5
0
I get to touch and I get to learn I get to ask I get a free I get to have fun
feel a more about a questions about a sample of a by participating in
product/services product/services product/services product/services activities
Male Female
Interpretation
The female folk are drawn towards the event because they love samples
which was confirmed when 68% out of the female respondents gave the same
reply where as the male counter part are more interested in exploring the product
inside out.
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Graph D: Create events for right ages
70
70
60
60
52
50
40 38
30
25
21 21
20
14 13
12
10 10
10 12 9 8
7 5 6 6
4
0
I get to touch and I get to learn more I get to ask I get a free I get to have fun
feel a about a questions about a sample of a by participating in
product/services product/services product/services product/services activities
Interpretation
Fun and free best describes the motivation of younger event attendees while
education and interaction are what the older crowd is looking for.
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Graph E: Events spur immediate sales
15%
26%
2%
4%
4%
24%
25%
Interpretation
26% of the attendees are ready to purchase a product immediately after the
event, 25% within a month and 15% wont purchase the product at all.
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Graph F: Reasons for participation in any event
80
80
70
66
63
60
60
50
40
30
20 18
16
13 14 13
9 10
10 7 7
3 2 3 3 3 3
1
0
The The product or My friend/relative The event offered Other
product/services company was had a positive an activity I could
matched my sponsoring an experience participate
interest activity I enjoy
Interpretation
Over all the age groups it was observed that if the product/service is of
interest to the attendees they are more likely to participate in an event. The next
best reason for participation across all age groups is the activity which the
attendees enjoy.
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Graph G: People spend time at mobile events
8%
24%
68%
Interpretation
68% of the total respondents spend approximately 15 mins on a mobile
event and every less people spend over 30 mins.
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Graph H: Mobile events create better product understanding
1%
24%
75%
Interpretation
Mobile events which demonstrate product features are more likely to
generate better understanding about a company or its product.
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5.2 Interview and detailed discussions with various event
managers and corporate helped me identify the problems in
the event marketing industry.
1. The event marketing industry in India is highly unorganized.
2. Corporate are not fully aware of the concept, implementation process and
effectiveness of event marketing.
4. Lately, event marketing has become a fad and even small entrepreneurs are
blindly following the multinationals such as Coke and Pepsi that have
presence all over in the event marketing industry (cricket, music, movies &
road shows)
5. Even when large sums of money are involved, sponsorships have too often
been handed out on nothing stronger than the managing director’s whim. In
such cases, virtually no thought is given to their likely benefit to the
company, or even how such a benefit could be measured.
In the late 1980s, the Hill & Knowlton sports marketing division conducted
a survey of Western Australian companies involved in sponsorship. Many
were giving more than $100,000 a year. Yet a staggering 68% of them had
no procedures in place to check the value of their sponsorships. How many
of those companies would spend $100,000 on advertising without
monitoring every year stage of the campaign? How many would pay an
executive $100,000 a year without demanding accountability for
performance.
7. T.V. and press coverage of the event cannot be equated with success-even
if a company’s logo appears often and prominently. Instead, we need to
take a close look at the sales results and see if they go up during the
sponsorship period.
8. Not all sponsorships are readily measurable. There are many, especially in
the non-sporting field, where it’s almost impossible to establish a direct
cause-and-effect relationship between sponsorship and sales. Carefully
planned sponsorships can be a cost-efficient way to enhance corporate
profile. They can link a company and brand with their customers’ lifestyles
and aspirations. They can create a difference for the product, boost the
effectiveness of the total promotional program, and put one in touch with
people who can do a great deal for the business.
10. Commit large amounts of time and marketing expertise to it as well in order
to bring about a long-term product association with the event. It means
monitoring the event constantly, to ensure that your name, logo, product
and so on are being featured, exactly as agreed. It means developing
reliable ways of measuring its results, if that’s possible. It means thinking
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about extensions-spin-off consumer and trade promotions, staff motivation
programs, hospitality functions and so on.
11. It also means being willing to keep it going for several years at least. The
longer you stay with your sponsorship, the better the results you can expect-
and the better, for the event too. If its name chops and changes from one
year to the next, its image will become confused and tarnished. Then its
value as a sponsorship property will drop.
13. Situation analysis and TOMA effect which are done by advertising
agencies is not done by event marketing agencies.
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6. RECOMMENDATIONS
To improve the condition of the event marketing industry and make it more
professional and profitable, the following recommendations have been listed:
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7. CONCLUSION
Event marketing allows a company to break through the advertising clutter and
target an audience by enhancing or creating an image through an association to
a particular event.
When considering the entire sales cycle, marketing professionals must think
beyond traditional methods and bring transparency and measurement to their
activities in order to demonstrate the fundamental value of their field. To
answer this challenge, the event marketing industry must redefine itself to
recognize the power of the “brand” to forge deep connections, as well as also
adapt events to contribute to branding in more sophisticated ways.
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8. ANNEXURE
8.1 Annexure - 1
Questionnaire
Name :
Age :
Gender :
Occupation :
□ Others
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□ The event offered an activity I could participate
□ Other
6. How long did you stay at the mobile event?
□ 1-15 minutes
□ 15-30 minutes
□ over 30 minutes
□ same
□ less
8. How soon after attending a company-sponsored event at/near a store
did you purchase the product or service being offered?
□ Immediately
□ Within a month
□ Within a week
□ Within 3 months
□ Within 6 month
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8.2 Annexure.2
The location chosen for the event is perhaps the most important aspect.
Make sure you don't purchase a cheap booth at a popular exhibition because there
are strong chances that no one will be visiting you, since your booth will be tucked
away hidden from all eyes. The most ideal locations in any exhibition areas are
found at the entryway to the event and near the pathway to the food stations and
restrooms.
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8.3 Annexure.3
A sponsorship checklist has been devised for the benefit of all those who are in
the business of event marketing or related to it.
10. Will it have PR possibilities that reach beyond the immediate audience into
your target market?
12. Are you prepared to commit yourself to it for a considerable period of time?
13. Are you prepared to put a great deal of effort as well as money into it?
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8.4 CASE STUDU ON
RW(REAL WORLD)
ABOUT INDUSTRY
RW IN DIFFERENT SEGMENTATION
BTL ACTIVATIONS
Below The Line activations include all kinds of services that come under
interactive solutions to reach out to the target audience of the brand and
dissemination of the communication likewise.
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The more popular BTL activities that R W (Real World) has undertaken include:
1. Mall Activations
2. Retail Branding and Merchandising
3. Retail Marketing
4. Human Banners
5. Multiplex Activations
6. Dhabbhawalla activations
7. Bikers Rally
8. Auto Rickshaw Branding
9. Cycle Rickshaw Branding
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CME on Wheels
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VAN ACTIVATION
STALL FABRICATION
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Stall Fabrication for JSW Steel
DISPLAY UNIT
Display units are one which gives visual representation of the products. The
Industry specially fabricates display units that convey the true essence of the
products to the end users.
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EVENTS
MELAS
Melas are the biggest congregation of people meeting one another and is a
big event in their respective social calendars. Annual melas that are organized with
a religious or festive significance are quite popular and provide an excellent
platform for distribution. Over 100 melas are held in India annually with an
average of over 15 lakh visitors per mela. These melas are spread over a fortnight
to three weeks and the entire rural towns are in a celebration mood with high value
purchases and spends being done during this time. Many brands are advertised and
promoted since they’re the ideal avenue for attaining product exposure, package
familiarity, brand recall and word of mouth.
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Sangli Festival
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9. BIBLIOGRAPHY
BASIC COVERAGE
Event Management Lynn Van Der Wagen & Brenda R. Carlos
Practice of Marketing
WEBSITES
www.indiatradepromotion.org
www.exhibitionsindia.com
www.supercommindia2004.com
www.branders.com
www.eventmarketer.com
www.marketersadvantage.net/articles.htm?k=Network%20Marketing
www.mobilemarketingjoblist.com
www.flugsimulatoren.de/strategic-marketing.htm
www.indianchild.com/marketing/india-marketing-scenario.htm
www.fundsmanagementworld.com/india
www.sbinfocanada.about.com/cs/marketing/g/promotion.htm
www.TradeshowDisplayPRO.com
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www.clk.about.com
www.inventors.about.com
www.marketingnpv.com
www.businessknowhow.com
www.3rdfloorup.com
www.exchange4media.com
www.exhibitmanagement.com
www.dmoz.org/Sports/Events
www.biztradeshows.com/india/
www.classifieds.sulekha.com
www.india.gov.in/business/growing_business.php
www.belowtheline.org/
www.frost.com/prod/servlet/events-asia-pac.pag
www.indialine.com/events/automotive.html
www.hindustantimes.com/3g/
PERIODICALS
Business & Economy
Business World
NEWSPAPERS
Times of India
Economic Times
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