This easy-to-follow guide will take you through understanding your value, crafting your proposals, reaching out to potential sponsors, and building lasting partnerships. It’s designed to simplify the sponsorship process, ensuring your club forms valuable connections. Use this guide to help turn sponsorship opportunities into supportive, long-term relationships for your club.
Remember
Sponsorship is not a gift
Sponsors need something measurable in return for their support of your club, beyond their logo on team kits, a sign on the boundary fence or a website link.
Think of sponsorship as a mutually beneficial business collaboration, where both sides exchange value. The sponsorship benefits to clubs are clear. The benefits to sponsors should be just as clear, and must be underpinned by the question, ‘How can our club help our sponsors sell more of their products or services?’
Done correctly, the club gains valuable support (financial or in products/services) and the sponsor sees an increase in enquiries or sales directly attributable to their investment. If this is the case, it’s very likely that your sponsors will extend their support in the future.
Sponsorship and marketing
Marketing is simply communicating how an organisation’s products or services meet the wants and needs of potential users of those products and services – the customers.
If you can easily describe the benefits of joining your club to potential members, then you are a marketer!
Sponsorship is a similar principle except that now you are marketing to your members and supporters on behalf of your sponsors.
Determine value
What benefits are you offering the potential sponsor, and how much are those benefits worth? How much more money could sponsors make if you provided those marketing opportunities to them?
Develop proposals
Tailor your proposal to your sponsor, showing them that you understand their business and products. Avoid tiered sponsorship proposals (e.g. Gold, Silver, etc) as these come across as being less personal.
Your sponsorship proposal should include:
An Introduction
What are you offering?
Details
Sell the proposal
Think about local businesses, but larger businesses may also have sponsorship programs that would be appropriate.
Present the proposal in person to the people who can make the decision to sponsor your club.
Remember that you are offering opportunities for sponsors to sell more. Be well prepared and able to respond well to any of your prospective sponsor’s likely questions. Most importantly, follow up after the meeting to thank them for their time and provide any required additional information.
When negotiating a sponsorship deal be very clear which arrangements are fixed and which can be changed. Most importantly, be clear that any change up or down in sponsorship value will result in a change in what your club will provide – don’t undervalue what you offer.
Enter a Contract
Enter into a formal contract with the sponsor, clearly setting out their investment and what you will do for them. Include a timeframe for the arrangement.
Deliver
It is imperative that you deliver and communicate what you have promised to your sponsor and ensure that they receive value from the sponsorship.
Did you know? Keeping a sponsor is much easier than replacing one.
Ways to do this include:
Re-sign or resign
Assuming all goes well for both parties, begin negotiations to extend the arrangement before it concludes. If not, close out the arrangement and remove all relevant signs, logos and so on. Then review the relationship and identify any lessons that can be applied to future sponsorship deals.