Sunday 27 December 2015

Victor Loukas - Marketing Strategy for the Sports Industry

Victor Loukas has grown up playing sports, and is an avid football fan. He often combines this interest with his work as a market researcher when he collaborates with athletic and sporting goods companies to conduct research and develop strategy. This field encompasses a huge range of activities, services, and products, and is very international. Luckily, developing strategy for sporting goods companies can be a very engaging task, because sports are a passion for many people around the world, and companies can use that passion to connect with their consumer base.

Victor Loukas
Victor Loukas
Conducting research in the sporting goods industry involves many product tests, observations, and scientific experiments. With athletic products, especially nutritional ones like energy bars and sports drinks, it is crucial to have these scientifically tested and compared to their competition to find solid facts that can be used to draw the customer in. Observed product tests are also great, because they show exactly how an athletic consumer would use the product and help pinpoint trouble spots that arise when using the product so that they can be fixed.

With sports being such a big influence around the world, there is a huge consumer base to study and analyze. Almost everyone around the world has enjoyed playing or watching some sort of sport in their lifetime, and sports leagues have millions of followers and gain attention from national and international media. Because of this, Victor Loukas believes it is essential to get a full cross-section of consumers when conducting market research in the field of athletics.