Hi, and welcome to Practical Sponsorship Ideas
Let me introduce myself… my name is Kym Oberauer, and I am, among other things, a drag racer. I love drag racing. Some say I’m addicted to the sport. It’s more a lifestyle choice than a hobby.
The downside of drag racing is the expense. Like most sports that require an internal combustion engine, costs are measured in thousands of dollars rather than hundreds.
But something’s got to give. With the economy, the way it is, with a new business and a new family, there aren’t enough dollars to go around and keep racing at the level I’d like. And that’s fair enough. There is no way I’d jeopardize my family’s financial security by selfishly pursuing my passions.
So I sat down and thought about the options
- I could sell up and invest the money in the mortgage. This is the most sensible option and the one my accountant would agree with. Not my personal favorite…
- I could park the car until Royce is a little older and business is more predictable and then review the situation. Hmm, not the best. A depreciating asset collecting dust.
- Or, I could get off my bum, be proactive and look for ways to fund my racing that removes any financial burden from my family.
As you’ve probably worked out, I’m leaning towards option 3, getting off my bum and doing something about it.
So how can I go racing without paying the bills?
Rob a bank? Not my style…Insurance fraud? Nah, I’m a terrible liar…Win the lottery? Not likely…
Nope, the only way this is going to work is with sponsorship. Simply put, sponsorship is an investment in my drag racing team that returns commercial value to the sponsor. The important bit here is ‘commercial value’. The sponsor must receive a return on their investment. Otherwise, it’s really not sponsorship; it’s a gift or donation.
Gone are the days where sponsorship consisted of sticking logos on things and providing free tickets. Today sponsorship is all about providing the sponsor with ways to connect with their ideal customers in ways that can’t be achieved via other methods. It’s the uniqueness of what you do that makes it special.
So this brings us back to where we started…welcome to Practical Sponsorship Ideas.
I’ve created this website to document my journey to win the hearts and minds of a sponsor and provide you with information and resources to encourage you to do the same; to find, attract, and keep a sponsor happy while supporting your passion whatever that may be.