Activewear. What can I say? We millennials love yoga pants. Why? Because, they’re amazing. They are comfortable, stretchy and they hide your gut after eating too many smashed avo’s. What more could you want? But just how much do we love active wear? A study conducted by Roy Morgan (2014), reports that 1.6 million millennial Aussies buy men’s and/or women’s activewear within a month period. That’s a lot of lululemon. The internet has changed the activewear industry in BIG WAYS. Social media was largely responsible for the boom in fashionable athleisure worldwide, with big brands like Tommy Hilfiger and even Gucci releasing their own style variations to meet growing demand from trendy consumers.
Opening an online sports retailing store requires the use of effective marketing tactics in order to maintain a competitive advantage in a hugely saturated market (Yee & Sidek, 2009).
I will be discussing three marketing tips that I believe will generate success in an online sports retailing store.
- Work out who your target audience is!
- Use the right channels to reach that audience!
- Use CRM
I will be breaking down each of these tactics as a set of questions for you guys (my subscriber friends). If you are thinking about opening your own online sports retail business one day, stay tuned.
“Who is my target audience and how can I reach them?”
It is important for any business to work out who their main consumers will be (Chaffey & Ellis-Chadwick, 2019). Millennials make up the majority of activewear sales both online and retail (Roy Morgan, 2014). It is important to note that this age group are also heavy social media users (York, 2017). The number of brands using social media in their marketing strategy is staggering. How will you stand out? There are a few ways that brands can capture the attention of their target audience. The most obvious is through content marketing. Strong content gets the attention of customers as well as strengthens search engine rankings (Ramzan & Syed, 2018). It is important to track current trends, as well as produce content that your target audience can relate too. Content should be informational as well as interactive, ultimately providing a platform for customer engagement (DeMers, 2019).
“What channels should I use to promote my business?”
It is helpful to check out what your competitors are doing, when starting a business (Ogweng, 2018). When choosing a channel to promote your business, you should look at the channels your competitors generate the most success from. It is also important to make sure the platform you chose is one that is most used by your target audience. For example, you wouldn’t be using LinkedIn to try and sell activewear to millennials (duh). New statistics show that 30% of millennials interact with brands at least once a month on social media, and that a majority of these interactions occur through Instagram and Facebook (York, 2017). Based on social media usage statistics in Australia, it is safe to assume that using social media platforms like Facebook, would have significant reach in an Australian market as figures estimate 91% of Australians interact on the public forum (Yellow social media report, 2018). Successful business will ultimately use the platforms that will generate the most reach.
“How am I going to track my success?”
It is incredibly important for businesses to
understand their audience. New CRM software initiatives such as Salesforce, will
provide you with the ability to track customer participation and interaction
with your brand, as well as direct you to areas that need improvement. CRM
software has shown to drastically improve customer loyalty as well as
increasing company revenue and sales.
Thanks for tuning in today! I wish you all the best on your future business ventures!
References
Chaffey, D. & Ellis-Chadwick, F. (2019). Digital Marketing: Strategy, Implementation and Practice. United Kingdom: Pearson.
DeMers, J. (2019). 6 Social Media Marketing Tactics That Give the Best Bang for Your Buck. [online] Entrepreneur. Retrieved from: https://www.entrepreneur.com/article/274522 [Accessed 9 Septemner 2019].
Ogweng, S. (2018, December 27). The Ultimate Guide To Choosing The Best Social Media Channels For Your Business [Web log post]. Retrieved from Sked Social: https://skedsocial.com/blog/social-media-channels-for-your-business/
Ramzan, U., & Syed, A. R. (2018). ROLE OF CONTENT BASED SOCIAL MEDIA MARKETING IN BUILDING CUSTOMER LOYALTY AND MOTIVATING CONSUMERS TO FORWARD CONTENT. Journal of Internet Banking and Commerce, 23(3), 1-20. Retrieved from https://search-proquest-com.dbgw.lis.curtin.edu.au/docview/2216873543?accountid=10382
Roy Morgan Research (2014), “More aussie women getting sporty”,Retrieved from: http://www.roymorgan.com/ findings/5876-more-aussie-women-getting-sporty-201410212154 [Accessed 8 September 2019].
Watts, L., & Chi, T. (2018). Key factors influencing the purchase intention of activewear: an empirical study of US consumers. International Journal Of Fashion Design, Technology And Education, 12(1), 46-55. doi: 10.1080/17543266.2018.1477995
Yee, W. F. & Sidek, Y. (2009). “Influence of brand loyalty on consumer sportswear”. International Journal of Economics and Management, 2, pp. 221-236.
Yellow social media report 2018: Part 1 – consumers. Canberra: Yellow; 2018.
York A. (2018). 7 Steps in Creating a Winning Social Media Marketing Strategy in 2018. SproutSocial. Retrieved from: https://sproutsocial.com/insights/social-media-marketing-strategy/ [Accessed 10 September 2019].




























