It is summer and I would guess that you have been invited to
participate in some sort of gathering that is attached to a corporate
sponsorship. Be it a sporting event, like a golf outing; a fitness event, like
a walk/run; or an arts or cultural
event, like a concert – marketing opportunities abound.
How effective are these types of sponsorships? It depends
upon what you are trying to get out of them. If you are expecting to make a
sale at these types of events, unless you are selling something that can be
consumed (like bananas after a run) or worn (like a T-shirt at a concert) at
the event, you will be disappointed. However, if your goal is to engage a group
of people who are having a good time, get them to recognize your brand and to
believe good things about your company and its products, you stand a good
chance of meeting your goal if you follow a few practical tips.
Try to own the event
When you are evaluating whether or not to sponsor an event,
don’t get too caught up in being one of many sponsors. If you can afford it, be
the primary sponsor or the exclusive sponsor. The last thing you want is for
the people attending an event to never notice you because you are just one of
many logos floating in front of them. Find out how many sponsorships are being
sold and if there are levels to the sponsorship. When we are negotiating a
sponsorship contract for our customers, it is one of the first questions I ask.
Put your logo in plain site
Another thing to consider in any sponsorship is the
placement of your logo. I want people to see it everywhere they turn. Don’t let
an event planner take your marketing dollars and then restrict your logo to the
backside of a flyer. Get it on banners, centerpieces on tables, on signs, and
on something that will go home with people, like T-shirts and water bottles,
etc. Negotiate this into your event sponsorship. Make sure everyone at the
event cannot miss your logo.
Get mentioned at the highlight of the event
It is one thing for people to see your logo. It is also
important they hear the name of your brand mentioned during the best part of
the event. With most events, there is a time when people are gathered for a
featured moment. At a golf event, it could be announcing the winning team. At a
concert, it is right before the headliner gets ready to play the first song.
You want to make sure your sponsorship is linked to this moment. That typically
happens when someone (an emcee) gathers people’s attention and makes a big deal
leading up to the featured moment. Make sure you are mentioned during this
time. "And now the event you have all been waiting for, we would like to
announce the (Name of your brand) championship golf team…” or "Help me welcome
on the (Name of your brand) center stage, the one and only…” You get the idea. Make sure your brand is the
one that gets mentioned when the greatest part of the event is being played
out.
Make sure the event fits your target market
Take an example from the corporations that sponsor very big
events, you have to know your target market and make sure they are attending
these types of events. For instance, Red Bull Energy Drink sponsors auto
racing. They also sponsor jazz festivals, Moto GP motorcycle races,
skateboarding competitions, handball tournaments, rowing events and the longest
staged bicycle race in the world. Why the diversity? These are events that are
heavily attended by their customers – people who are young and consider
themselves to be living on the edge. They have a countercultural swagger about
them. Red Bull only sponsors events that draw in this rebel-edged crowd. What
is the makeup of your typical customer? Look for events that fit them well
before you sign a sponsorship contract.
Ask some questions the next time someone wants you to
sponsor their event. Negotiate the terms of exposure. Do a little research on
the types of people attending the event. Sponsorships can be very good for
marketing if you know how to work them to your benefit.