Monday, May 12, 2014
Ch. 7 - Business Marketing
Gatorade usually markets to the every day, average athletes that use their products to stay hydrated. Gatorade doesn't really need to market to business' because of the fact the only business' that would purchase their products are already using them. Thanks to Gatorade being the official sports drink of many professionals sports internationally, it already has its place in the market, and having their drink along the sidelines helps market their product to their average customers. Gatorade was marketed to business' during their early stages in University of Miami. This was done after there was success linked to the product line which helped sell their sports drinks to official teams outside of the NCAA (college sports). As long as they keep getting new sponsorships in the form of the official sports drink, Gatorade will keep selling their products, just not to marketing major business', that is done through the success of their product.
Tuesday, May 6, 2014
Ch. 8 - Segmenting and Targeting Markets
Gatorade started within the school it was created it, University of Miami. Once the product was able to prove that it worked (or gave off the illusion that it does), Gatorade was able to become its own company and start selling to outside venues. Gatorade's target market is those who would like to drink something before, during and after working out. These drinks help out the human body by giving all the nutrients you will need in each process of the work out, to keep your body moving at tip top shape. The products give customers satisfaction because of the long history that Gatorade has been apart of. Once Gatorade was able to find success, in the sports realm, it made marketing their products that much easier because people were able to see how using it helps teams win. Not everyone is a professional athlete, but Gatorade is looking to keep everyone hydrated, even if that means drinking Gatorade as a casual drink as well. It's not going to cause you any harm if you were to drink it casually, so that opens another market for them. Because Gatorade is a sports drink, their target market will always revolve around that realm of people. Also because drinks can be sold universally, they have no boundaries as to who they can or cannot sell to.
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