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Pool’s Place in the Entertainment Economy Competition for your customer’s dollar is stiffer than it’s ever been before, and it’s only going to become stiffer still as the number of forms of entertainment grows. At the same time, one thing remains constant: The number of hours in a consumer’s day. In short, we’re in an ongoing battle to keep the customers we already have and to attract new ones. Our opponents are savvy, space age, net wise, well heeled adversaries with many big advantages over the billiard industry. Live TV, coverage in the mass media and a prominent place in consumers minds all are working to divert consumer spending away from pool. We must counterattack with an ongoing effort to promote the sport at the grassroots level in every conceivable way that can be squeezed into our marketing budget. This effort is fully justified if you believe, as I do, that:
While pool lacks the resources of other sports, what its got going for it is the game itself. Pool wouldn’t have lasted as long as it has or have such a big base of loyal players if it wasn’t a great game. People who get really hooked on pool tend to stay hooked. This makes pool unique compared to most other sports where the aging process puts a limit on a participant’s career. Pool is the ultimate blend of the physical and mental side of a sportsman. The sport requires precise hand/eye coordination, but your body topmargin="0" marginheight="0" doesn’t give out on you. And a true enthusiast never loses interest in the game because there is always something new to learn. Pool also provides your customers the ultimate escape from the daily grind – if offers up a great game in pleasant surroundings that encourages satisfying social interaction with like minded individuals. As a bonus, you can throw in food, beverages, music and much more. On top of this is one the pool’s biggest weapons: The convenience factor – you can play for 10 minutes or 10 hours – whatever your schedule allows. If you look at the sport objectively, what’s not to like about pool? As the players would say, the game is “The Nuts”! Creating
Customers One at a Time
Complacency and lack of a solid marketing plan are the twin killers of any business or industry. With the glut of entertainment options available today, every person who makes their living from pool needs to do what they can to advance the sport. Just because business is good today is no guarantee of the future. Next year, next month, maybe even tomorrow the sport could start to slide, losing precious market share of 1%, then 2%, then 5% or more to other more aggressive and well financed competitors and to other emerging forms of entertainment. Do you want to take that chance? Are you doing all you can to promote the sport? Can you, in the long run, afford not to? Competition for the Billiard Dollar is Fierce:
- Phil Capelle Key Quotes from The Entertainment
Economy
“Plain and simply, there is a glut out there. There is too much choice in entertainment. There is more product competing for the consumer’s attention than ever before”. And then he goes on to say: “…what hasn’t changed much
is the amount of time each of us, as
NEXT TIME: Don’t miss this one!! Capelle talks about J’amy Owens, the diva of retailing. This is well worth your time. Don’t miss it!! |
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