Article Collection

Spread your sponsorship net more widely

01 Jun, 2020 Sponsorship

Sponsors expect more from their sponsorship investment these days. Therefore, sponsorship seekers need to stop and think how to offer a strong return for the investment. The solution: take a more strategic approach. Don’t just do the standard stuff.

If companies are expecting more from their sponsorship budgets, then you should view your sponsorship offer in another light. How can you repackage your offer so it is not merely a sponsorship concept? Look closely at the company you are approaching. Can you restructure your offer so it appeals to other areas within a company? Consider areas whose budgets are healthier than the sponsorship budget, which is usually just a subset of marketing.

Although it is common to approach companies to talk of sponsorships as partnerships, the ensuing agreement usually isn’t really anything like a partnership of equals – in reality the sponsor totally dominates the relationship. The power is almost entirely in their hands. So why bother calling it a partnership?

Call it a business agreement, an investment, or something more upmarket than ‘sponsorship’ and not as fake as ‘partnership.’ Don’t call it a package – not very dignified. The terminology of accepting a sponsorship ‘package’ also subtly implies the sponsor is purchasing the offer and the power lies entirely with them.

You can read the full article in a convenient Kindle collection of 12 top articles on winning corporate sponsorship for only $11.99 including tax. Click here to buy.

If you enjoyed this article, we recommend this book

How to Win Corporate Sponsorship How to Win Corporate Sponsorship

About Kim Harrison – author, editor and content curator

Kim Harrison, Founder and Principal of Cutting Edge PR, loves sharing actionable ideas and information about professional communication and business management. He has wide experience as a corporate affairs manager, consultant, author, lecturer, and CEO of a non-profit organization. Kim is a Fellow and former national board member of the Public Relations Institute of Australia, and he ran his State’s professional development program for 7 years, helping many practitioners to strengthen their communication skills. People from 115 countries benefit from the practical knowledge shared in his monthly newsletter and in his books available from cuttingedgepr.com.

Articles, Ideas & Information to boost your career