The document discusses issues with the current marketing strategy for V8 Supercars, including that the target demographic is too narrow, the existing culture can deter new consumers, and advertisements are sometimes inaccessible. It proposes three strategies to address these issues: 1) diversifying the brand image to appeal to new markets, 2) appealing to nationalism and the cultural significance of the sport, and 3) tailoring communication strategies and advertisements to different consumer groups through free-to-air and pay TV. The strategies aim to increase and diversify revenue by shifting the existing culture and engaging new consumers.
2. A & J Promotions
Reputation | Capability
| Performance
3. Current Campaign – Not
bad, but can be better
Three Main Issues: Too focused,
inhibits new consumers and
advertisements often unreachable
by desired consumer groups
Future threats necessitate change
now
4. Issue 1 – Current
Demographic Too Narrow
Currently marketing focuses too heavily
on lower socio-cultural male market
segment
This segment is less profitable than others
Cannot be relied upon with shift to Pay TV
along with outsourcing of Australian
manufacturers
5. Issue 2 – Barrier For
Potential Consumers
Existing culture surrounding sport often
acts as deterrent for new consumers
Through new consumers not wanting to
associate with the existing culture
Through members of the existing culture
judging new entrants
6. Issue 3 – Occasional
Unfocused Advertisements
Existing communication strategies
are integrated well
Pay TV exclusive content and
advertisements are generally
inaccessible for targeted market in
present marketing strategy
7. Strategies For These
Issues
1 – Diversification of brand image
2 – Appeal to nationalism and
cultural significance of the sport
3 – tailored communication
strategies
8. Strategy 1 – Diversification
of Brand Image
Appeal to new market areas to
increase and diversify revenue
Achieve this by shifting existing
culture; focusing on V8 Supercar
racing as a sport, competition and
experience
9. Strategy 2 – Appeal to
Nationalism and Franchises
Cultural Significance
Focus on sports rich history and
importance in Australian
culture
Create consumer involvement
with the brand
10. Strategy 3 - Tailor
Communication Strategies
Keep V8 Supercars accessible on Free-to-
air television for existing customer base
Tailor free-to-air ads for existing consumer
group
Tailor Pay TV advertisements for new
consumer groups
11. Communication Tools
Maintain current interrelated network of
Television, online, print and radio
advertising
Through this network diversify image and
promote consumer engagement
Specify advertisements to those who can
access them
12. Thankyou for your time
A & J promotions have the
capability and expertise to
implement new necessary
strategies to keep V8 supercars
successful and sustainable
going into the future