Welcome to Practical Sponsorship Ideas
Kick The Sponsorship Letter Writing Habit – Why They Don’t Work And What You Should Do Instead

Kick the sponsorship letter writing habit – why they don’t work and what you should do instead

Sponsorship letter writing – why they don’t work

If you’re still sending an unqualified and unsolicited sponsorship letter to potential sponsors, you either don’t know any better or you’re just not that serious about getting sponsored.

Either way, you’re not going to have much success and you’re ultimately wasting your time.

Put yourself in the shoes of a marketing manager who receives hundreds of sponsorship letters every month. What’s the likelyhood they are going to take time out of their busy day to read a sponsorship letter from someone they don’t know, asking for some sort of investment into something they don’t care about?

You guessed it – zero, zip, zilch, nada.

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How To Put The Right Price On Your Next Sponsorship Proposal

How to put the right price on your next sponsorship proposal

One of the more difficult tasks sponsorship seekers face is how to price their sponsorship proposal. Too high and you price yourself out of the market. Too low and the sponsorship will cost you more than it’s worth.

What we need is a sponsorship pricing model that represents good value for the sponsor, is fair compensation for our effort and is based on a model we can use over and over again.

Well you’ve come to the right place. This article details a sponsorship pricing model I’ve developed over time that meets all 3 criteria and is easy to implement once you know how.

It’s based on the concept that our primary aim is to help generate leads for the sponsor from our audience, with a percentage of these leads converting into customers. Each of these customers has a value we can calculate and this forms the basis of our pricing model.

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How To Deliver Exceptional Value In Your Sponsorship Proposal

How to deliver exceptional value in your sponsorship proposal

In part 1 of this 3 part series we looked at how to develop a sponsorship proposal that fits with the sponsor’s marketing plan.

Today, in part 2, we’re going to look at how to deliver exceptional value in your sponsorship proposal by illustrating why your program is the very best marketing option for a potential sponsor.

The key areas we’ll explore…

  1. Demonstrate a return on investment for your sponsor
  2. Develop unique marketing initiatives for your sponsor
  3. Highlight the competitive advantages of your sponsorship program
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4 Tools You Need To Create Your Own Successful Sponsorship Proposal On A Budget

4 tools you need to create your own successful sponsorship proposal on a budget

Money’s tight but you know that creating a professional sponsorship proposal can really lift you above the pack and give you the best chance of impressing a potential sponsor.

It can be expensive if you get someone else to do it so you’ve decided to have a crack at developing your own sponsorship proposal.

This may seem a little daunting to start with but trust me when I say that you can do it, and you can do it cost effectively if you’ve got the right tools to get the job done.

The first step is to go and read 10 essential steps to create a winning sponsorship proposal. This hugely popular article provides a step-by-step guide to developing a sponsorship proposal.

Now that you know what to do, it’s time to look at 4 tools you need to create your own successful sponsorship proposal on a budget.

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3 Reasons Why You’re Not Getting Sponsored And How To Fix Them

3 reasons why you’re not getting sponsored and how to fix them

You’ve been pounding away for months now, cold calling potential sponsors only to get the brush off from a gatekeeper or sending out proposals that never get a response.

It’s becoming depressing and you’re starting to get upset, angry even, that no one can see your potential.

Don’t stress, you’re not alone. It’s the dilemma of many sponsorship seekers.

If this is happening to you then it’s time to stop, re-group and have a serious think about your approach to sponsorship.

The reasons why you’re not getting anywhere can be summarised by three simple words: Who, what and why.

When you come into contact with a potential sponsor they’re going to ask themselves these questions:

  1. Who are you?
  2. What’s in it for me?
  3. Why should I choose you?

As a sponsorship seeker, it’s you job to provide the answers to these 3 questions in a way that makes you and your opportunity the logical choice.

Let’s look at each of these questions in detail and discuss ways you can improve your answers and get sponsored.

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The 6 Ps Of The Perfect Sponsorship Proposal

The 6 Ps of the perfect sponsorship proposal

When you first start thinking about sponsorship it’s often associated with an immediate financial need…

I need money to get my event off the ground or fund this movie idea. I want to provide additional services to my local community or I want someone to help pay the bills on my race car.

You know what I mean…

It’s this “what’s in it for me” attitude that could be holding you back from developing a successful relationship with a sponsor. I want you to turn this attitude around and think about what’s in it for the sponsor, what can you provide that will improve their business?

So I want you to put yourself in the shoes of a sponsor’s marketing manager. What would you want to see in a sponsorship proposal and what would your expectations be?

Looking at a sponsorship proposal from a marketing manager’s perspective there are 3 main criteria:

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Unique Insights To Help You Get Sponsored – Part 2

Unique insights to help you get sponsored – Part 2

Here’s part 2 of my interview with Frank Pudarich, owner of bespoke automotive marketing company Octane Garage.

In part 1 of the interview we covered:

  • Leveraging your sponsorship dollars
  • Marketing 101 – What to include in a sponsorship proposal
  • Delivering sponsorship value and managing expectations

Sponsorship objectives: business-to-business and business-to-consumer

Kym: There’s different types of businesses that use sponsorships for different types of reasons. For example if you were a manufacturer and distributor of batteries and battery-related products, what would your major objectives be, or what equates to a return on investment for you? Is it purely about more units being sold or are there other factors?

Frank: There’s other factors. It’s similar to when I was working in car care, most automotive industries are the same, they’re very similar in their customer base and their areas of distribution; so you’d have the automotive service and retail chains, and you’ve got the individual workshops, and you may have wholesalers.

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Sponsorship Proposal – Take 2

Sponsorship proposal – Take 2

A while ago I published my first sponsorship proposal and detailed some of the elements that worked and some that didn’t.

To recap, here’s a list of the areas that needed attention before approaching potential sponsors with an updated proposal:

  • Make sure to build rapport with the sponsor before sending the proposal
  • The proposal must address the sponsor’s marketing objectives, measures of success and ultimately the return on investment
  • Research, research, research. The more you know about the sponsor and their market the more successful you’ll be
  • Focus on the sponsor – what’s in it for them (not what’s in it for you)
  • Keep your sponsorship proposal succinct and to the point
  • Don’t include too many options as you run the risk of confusing the sponsor

So I’ve created a new sponsorship proposal based on what I’ve learnt previously. The aim is to address the issues above and provide a framework for future proposal development.

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Unique Insights To Help You Get Sponsored – Part 1

Unique insights to help you get sponsored – Part 1

Today it’s my pleasure to introduce Frank Pudarich, owner of bespoke automotive marketing company Octane Garage.

Frank has a long history in the automotive industry, from managing Frank’s Paint and Panel, a hugely successful business which specialised in custom car restorations to consulting with Turtle Wax to build their brand in Australia. While working at Frank’s Paint and Panel, Frank graduated from university with a marketing degree and is also a licensed tradesman.

One of Frank’s roles as a marketing consultant is to review sponsorship proposals and determine how they could work with a businesses marketing programs. Having also been on the other side of the table, preparing sponsorship proposals for his own businesses, Frank is uniquely positioned to give us some great insights into the sponsorship process.

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What’s The One Thing Sponsorship Seekers Have Too Little Of (apart From Money)?

What’s the one thing sponsorship seekers have too little of (apart from money)?

It’s not passion and it’s not motivation.

It’s time; time to find and research sponsors, time to prepare sponsorship proposals and time to create unique marketing opportunities.

As a sponsorship seeker you can spend a heap of time finding and researching potential sponsors, creating spreadsheets, recording contact details and analysing the data.

I know from personal experience that sponsorship research can take days and days of your time. Research is a necessary step in the process of preparing and delivering targeted sponsorship proposals that have the best chance of success.

So what are the alternatives? Can we save time and reach better qualified leads?

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