blogs for sponsorship seekers Archives - Power Sponsorship

What Should You Do When Your Board Sets Unrealistic Sponsorship Targets?

If you’re a sponsorship seeker, at least one of these will sound familiar: Your organisation is planning an expansion or other costly activity, so your board increases your sponsorship target, or Your government funding is cut, so your board increases your sponsorship target, or Your donations have dropped, so your board increases your sponsorship target, or Your attendance has dropped, so your board increases your sponsorship target, or One of your competitors scores a big sponsorship, so your board increases your sponsorship target We have all been in this position at one time or another, but the current economic situation has everyone under pressure, and when many boards don’t understand how sponsorship works, and that sponsors […] Read More

Sponzillas: How to Deal with a Sponsor Who Bullies

In most places around the world, the sponsorship industry has recovered from its slowdown. Sponsors have largely rationalised their portfolios and become more strategic in how they make new investments. Sponsorship seekers are, out of necessity, having to raise their games to have any chance at gaining new sponsors. Seekers who are doing a great job are, by and large, doing great. Sponsorship seekers who aren’t are still wondering when the market will recover and their job gets harder every day. What I have heard more about in this past few years is sponsors bullying sponsorship seekers. My always busy inbox has been overflowing with dismayed sponsees caught in no-win situations: “Our biggest sponsor wants […] Read More

Goodbye, Facebook (and Some Much Better Ways to Follow Me)

When I posted the Power Sponsorship Facebook page a few years ago, a large proportion of the people who wanted my posts were getting them. Now, as I nudge 1000 “likers”, the average post is going out to 8% of the people who have signed up. Yes, if a few people like or comment, they leak it out to a few more, but the fact that the content I post is very niche and directed at different parts and issues of the industry – which may not appeal to everyone in this industry – mean that if only some random 70 people get the post, the likelihood of a large proportion liking, commenting, or sharing […] Read More

Six Signs a Sponsor is Just Not That into You

Okay, so I’m sitting on the couch watching the fun chick-flick, “He’s Just Not That Into You”. I’m loving it. Too rare. As usual, I can’t stop thinking about sponsorship. So, I think to myself, there are a few signs that sponsorship seekers consistently miss that could tell them that a sponsor just isn’t that into them. So, brace yourself for the cold, hard truth about how to read the signs so you can let it go, and move on to something more fruitful. They tell you to “just send in a proposal” This is a sponsor saying “leave me alone”, without being rude. In actual fact, it’s unintentionally cruel, because it gets the sponsorship […] Read More

Five Things Sponsorship Seekers Need to Know About Sponsors

Some (not all) sponsorship seekers are under some big misconceptions about the sponsors they approach. These misconceptions do nothing to advance the potential for getting a “yes”, and if a sponsor thinks you don’t understand their process and their challenges, it’s unlikely they’ll consider your offer. My goal with this blog is to give you a heads up about of those misconceptions about sponsors before they hurt your chances. Most of the people who contact them are wasting their time “This is an opportunity not to be missed!” “Please support our very worthy cause.” “I’d like to talk to somebody about sponsorship.” “Dear Sir/Madam…” I could write a list of red flags as long as […] Read More

Action Plan: What to Do when a Big Sponsor Exits

This is the nightmare for much of our industry. I’m guessing some of you may develop a facial tic just thinking about it! And yet, it happens. Sponsorships end, and if it’s unexpected or done without a lot of lead-time, you need an action plan and you need one fast. So, it’s time to stop with the misery and crying in your beer. It’s time to stop with the wishful thinking and desultory casting about for ideas. It’s time for action, and I’ve got few steps to get you going. Get feedback If you didn’t see this coming, you’ve got to do an exit interview right now. Find out: What led to the decision? Whether […] Read More

Recommended Resources You should Really Check Out

I mainly work on my own. My clients love this, as they know the strategy or audit or training they get will come straight from me and not delegated to a junior consultant. The only way that’s possible is if I have a crack support team of admin, researchers, and other specialists helping me out with the non-sponsorship related parts of my job. This year, I have worked particularly closely with two of these specialists, and would like to single them out for thanks and provide my strongest recommendation. Sherbert Lemon UK (graphic design) If you like how my website, brochures, and social media platforms look, that’s all down to the genius of Gareth Martindale […] Read More

Power Sponsorship 2014: New Directions, New Client Options, More Fun

Four days ago, I hit “send” and the manuscript was on its way. The Sponsorship Seeker’s Toolkit 4th Edition is now finished and in production. We’re looking at availability in early April. The original plan was that it was going to be about a 20% revision, with changes focused on social media and updating case studies. But noooo, I just couldn’t help myself and the revision is more like 40-50%. The end result is a book that I believe is worthy of this great industry, but holy dooley, what a lot of work. I’ve now written four books, plus three additional editions of one of them. Common sense would say that it would get easier, but […] Read More

Can We Target Multiple Sponsors at the Same Time?

This is a question I get at least a couple of times a week. Generally, it refers to approaching multiple sponsors in the same category – ice cream, insurance, sporting goods, etc – at the same time. Sometimes, the question is about a naming rights sponsorship, and whether they can approach multiple sponsors in any category for naming rights at the same time. My answer to all of those is “yes”. It is totally reasonable to approach multiple sponsors at the same time. In fact, it’s usually the most realistic approach. Your sponsorship sales window is only so long, and it can take sponsors weeks or months to make a decision. Waiting for one bank […] Read More

Does Sponsorship Affect Share Price?

It was with some amusement that I read the following article, “The Impact of Sponsorship on Share Price Brand Value”. The main assertion is that companies that sponsor have better performing share prices than companies that don’t. On one hand, I can believe that there is a correlation. On the other, I think implying causation could be a long bow to draw. Sponsorship, and in particular modern, strategic sponsorship, is a powerful marketing tool. Is the correlation in share price performance simply because better, more aggressive, creative, strategic marketers choose sponsorship? In other words, do companies who are better, more strategic marketers have better-performing share prices, and investing in sponsorship is just another symptom of […] Read More