Market Analysis

Overview

The Bob Mann Basketball Academy is in the business of sports recreation and development, specifically basketball. It aims to deliver outstanding service in the administration, development and provision of facilities and the basketball program it offers through those facilities. In doing so the BMBA is determined to deliver a superior standard of participation for all its members by providing standards second to none for all of its participants and customers.

Research, background and expereince

Bob has enjoyed thirty years of running and administering Associations. In doing so he has developed programs and competitions that build Associations from the ground up. Through this experience and his exposure to other clubs and Associations affiliated with the sports governing body (Basketball Victoria), Bob has devised several concepts that he knows will deliver a better product. That better product will attract players who will want to embrace it. Through their participation in these BMBA programs and competitions, they will in turn develop into better players lifting the standard across BMBA programs and competitions.

 

Bob has extreme confidence in his product suite of competitions, training and development programs. He put them to the test when he was managing the Oakleigh Basketball Association in their time at the GESAC facility. In four short years, the Oakleigh Association went from seventy members to 500+ members, from a $70,000.00 annual turnover to one of $500.000.00 per annum. Beginning with 10 teams Bob used these ideas and concepts to grow teams participating in the Oakleigh competitions to over 100.  

 

He did this by doing the following:

 

  • Providing longer game times for domestic games than other Associations. Teams were allocated a full hour for game times, while at other Associations they at best received 45 minutes. This ensured every junior player received adequate court time to develop their skills and learn the game.
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  • A focus was put on delivering for our members by providing professional services to playing members, through coaches, referees and administrators.
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  • All junior domestic teams had coaches appointed that were transparent, properly trained and paid as employees within a profession. These coaches had to be recruited with a basketball background so that EVERY child received the benefit of knowledgeable and experienced coaching.
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  • Competitions were structured with innovative game rules and competition by-laws that focused on developing players rather than a win-at-all-costs mentality that exists at other Associations.
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  • The referees branch was established to train and supervise our referees to ensure they delivered a professional service rarely seen at competing Associations.
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These innovative competitions and programs provided a basketball product not seen in Melbourne previously and gave the Association enormous leverage in its marketing and promotions. It could legitimately claim to be able to provide a superior product to the community and its participants.

 

Through all of this, the Oakleigh Basketball Association’s membership grew, team numbers in competitions grew, revenue grew and results through the junior representative teams were outstanding for such a small club in a very short time. This was so successful that neighbouring Associations became concerned with the rapid growth of the Association and sadly conspired with the sports governing body to tear down the Association as it presented too much of a threat to their membership numbers.

 

From this live trial, Bob knows if his unique basketball product can be replicated in a proper business model where nobody can threaten its existence, it will thrive and achieve the numbers within this business plan. 

Customers

Over the past two years the BMBA has serviced regions that have a varying demographic and psychographic pattern. With players recruited from affluent areas such as Brighton, East Brighton, Bentleigh, Malvern and Elsternwick across to suburbs such as Clayton and South Oakleigh. These suburbs are located in several Local Government Areas, Monash, Stonington, Glen Eira, Bayside, Port Phillip, Boroondara and Kingston. Of these seven Local Government areas (LGA’s) five have been identified in the top ten in the 2021 Australian Bureau of Statistics census for Household  Wages and Salaries in Victoria. On the flip side, we service schools and communities in the Monash and Kingston LGA’s that are both over $8,060.00 below the average household earnings of Port Melbourne which sits fifth on the list of 

 

 

The average age of our LGA’s is similar except for Bayside which has a higher average of 45. The other 6 LGA are around the high 30’s to low 40’s region. Kingston is 41, Boroondara is 40, Glen Eira, Monash and Port Phillip is 38, Kingston is 38 and Stonnington is 37.

 

 

So at a glance, this indicates our demographic would be made up of many established double-income families. Further research of ABS figures shows a large distribution of households with children and parents with management or professional occupations especially in the LGA’s in the top 10 of household income. This means that while the BMBA has an affluent population in certain demographics to draw from, it must ensure it keeps its costs at an affordable rate if it wishes to attract participants from the Monash and Kingston LGA’s.

 

In these seven LGA’s there are well over 100 primary schools, 59 secondary schools, several major shopping and business districts and multiple industrial areas. All of these can be used to market our programs and venues so we can attract the required participant numbers to make any stadium facility viable.

 

These figures also show many of these double-income families’ children getting to an independent age of their own. All figures suggest that our direct demographic provides a population that supports the competitions that we provide. These are:

 

 

Introduction programs for 5-10 year olds

  • Domestic competition for U/9s through to U/18’s for boys and girls
  • Domestic competitions for young adults 18 to 35
  • Mature age competitions for over 35’s and above
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The bottom line is that these figures show a population in these age groups with an income more than capable of supporting this sport and our venue proposal.

Target Markets

Product solutions for Customers needs and wants

SWOT Analysis