1. Media exposure (dollar value/ratings/readership, etc.);
2. Marketing/merchandising/sales opportunities;
3. Hospitality rights including tickets, VIP parking, etc.;
4. Product exclusivity issue;
5. Signage, on-site exposure (audio billboards, banners, etc.).;
6. Sales opportunities;
7. Listing of other participating sponsors;
8. Brief history of the event/sport/venue/facility;
9. Testimonial letters from previous sponsors.
All of that information should be typed, double spaced, and
not be more than eight pages. Remember that the person receiving
your proposal gets hundreds, if not thousands, of these proposals
annually. The time spent on each one will be minimal and your
proposal must stand out if it is to be noticed.
If it is brief, and well-written, with the sponsor's objectives
in mind, you will quickly get to the next step meeting and discussion.
Prior to that meeting learn all you can about your potential sponsors.
What sponsorships have they done in the past? What are their
corporate mission statements? If they are a public company, read
their annual report. Do a data search at the library to discover:
1. How this organization approaches their market.
2. What is their advertising strategy?
3. Who are their customers?
4. What is their product line?
In short, you want to be as knowledgeable as the person you
will be meeting with so you can discuss how your sponsorship program
is so well-suited to their organization.
Make sure you send a written summary after each meeting that
outlines your discussion and reiterates how the sponsorship opportunity
presented is appropriate. Be thorough in your follow-through and
be consistent in your presentation of facts and figures.
When you get a sponsorship commitment, write a contract that
clearly, and carefully, outlines the terms of the contract and
how each party benefits. This is your implementation road map
and needs to be as accurate as possible. Then, deliver 110% and
renewal will be hard to pass up!
GUARANTEED SPONSORS FOR ANY EVENT
Sometimes it's hard to know where to start when soliciting sponsorships.
Here is a list of the top 20 potential sponsors you can approach
for almost any event.
1. Local electronics retailer;
2. Local beer bottler;
3. Local soft drink bottler;
4. Local banks (Community Reinvestment Act requires them to "give
back" to the community);
5. Local restaurant association;
6. Local retailers' association;
7. Car dealers;
8. Automobile after-market;
9. Long distance carriers;
10. Mobile telephone companies;
11. Network marketing companies (Amway, Nu Skin, Mary Kaye, etc.);
12. Craftspeople;
13. Antique dealers;
14. Fresh produce dealers (mini-Farmer's Markets);
15. Local radio;
16. Local cable;
17. Local newspapers;
18. Food vendors;
19. T-Shirt vendors;
20. Flea market vendors.
Happy hunting!
EVALUATING YOUR PROPERTY FOR SPONSORSHIP
In order to be effective at sponsorship sales, you have to ask
yourself some questions before you can prepare a good inventory
of "salable" items. These questions will help you develop
sound sponsorship offerings. In many instances these are the same
questions your sponsor will ask so going through this exercise
will help you be better prepared during the sales call.
1. What are the basics ... where is the event being held,
when is it being held, what are the times/dates, what is the estimated
attendance? Basically, answer the who-what-when-where-why questions.
2. Is it inside or outside?
3. What are the restrictions of the site/venue?
For example, if your event were being held at the PNC Bank Center
you wouldn't be able to bring in another bank as a sponsor. We
recently held a concert that was sponsored by Original Coors;
the band came with a Budweiser sponsor but had failed to note
that in the contract; they were prohibited from hanging the Budweiser
banner.)
4. Who are your media partners and what portion of that media
can be allocated to sponsors (radio, cable, TV, print, billboard,
coupons, etc.)?
5. What are the signage capabilities (on-site ... where and how
many; horizontal and vertical street banners ... where and how
many; other points of visibility ... stage, exhibit area, etc.)?
6. Do you have a retail partner(s)? Who is it? What is the relationship
and can they be used for cross promotion?
7. Is the event free or paid admission?
8. Is it a ticketed event? Can the sponsor be on the ticket?
9. What collateral material is planned (posters, flyers, parking
passes, etc.)? What visibility will the sponsor have on the collateral
material?
10. What are the on-site benefits (audio announcements, banners,
signs, posters, booth space, sales space, etc.)?
11. What are the promotional rights (couponing, bouncebacks,
register-to-win, product demos, product sampling, etc.)?
12. Are there naming rights (the SPONSOR children's area, the
SPONSOR petting zoo, etc.)?
13. Do you have a database of names that can be released to the
sponsor?
14. What are the VIP or hospitality opportunities?
15. Will admission tickets be part of the sponsorship offering?
16. If there is celebrity involvement, will the sponsor have
access to the celebrity?
17. Do you have insurance coverage for the sponsors?
18. What is the sponsor history of the event (good, bad, nonexistent,
etc.) ?
19. Do you have a crisis PR plan in place (particularly necessary
for dangerous sports such as offshore powerboat racing, NASCAR
racing, etc.)?
20. Is there category exclusivity?
21. If beverage company, can they have pouring rights?
These are the basics. I'm sure you can come up with more that are specifically related to your event. However, if you get these 21 questions answered you are well on your way to being able to prepare good, quality sponsorship offerings that will be attractive to corporations who could invest in your event.
TAKING INVENTORY:
FIRST STEP IN THE SPONSORSHIP SALES PROCESS
... A PRIMER FOR MEDIA SALESPEOPLE!
What is your event? What do you have to sell? Some of the items
in your "inventory" include the following:
1. Street banners (horizontal)... the large ones across
major roads;
2. Street banners (vertical) ... the small ones on lamp posts
to define community areas;
3. Posters and flyers ... promotional materials designed to
promote the event and distributed throughout the community where
the event is being held;
4. Category exclusivity ... this can be beverages, banks, food
companies, supermarkets, drugstores ... any one specific organization
that wants to block the competition from the event;
5. Media ... radio, of course, but also cable or local television,
local newspapers, local magazines, billboards; you will have negotiated
sponsorship contracts that carry valuable media coverage for your
sponsors;
6. Priority parking ... depending on your event;
7. Hospitality options ... important for business-to-business
sponsorships as well as employee relations;
8. Ticket exposure ... if a ticketed event, the backs of the
tickets have true value for sponsors to use for bouncebacks after
the event (allows them to measure impact of the sponsorship);
9. Cross promotions ... think about how your various sponsors
can be tied together into a promotion that enhances their sponsorship
participation;
10. Opportunity for product sales or displays ... this has value
for companies introducing a new product or offering a product
extension of an old product (e.g., how many ways can you use Arm
and Hammer Baking Soda!?);
11. On-site signage ... again, what are all the opportunities?
Stage? Entrances/exits? Flagpole? Where?
12. Priority seating/viewing ... reserved seats for the sponsors,
quantity contingent on the sponsorship level;
13. Anything else that you can think of that will have value
to sponsors and will enhance their participation in the event!
This includes leader boards at golf tournaments, net identification
at a tennis tournament, scoreboard exposure at a sporting event
... use your imagination!
YOUR INVENTORY ASSESSMENT
The next step is to determine how many of each of these items
you have. For example, on the large street banners, what is your
limit on sponsors? 8 - 10 - 12? How many flyers and posters
will be produced? how many radio spots are included; newspaper
ads; TV commercials, etc.?
Develop a matrix where you list all the inventory components
down the left hand side with the second column indicating quantity
and the third column the value of these components.
The media value is easy; some of the other components are not
as easily valuated. For the street banners, call the local Department
of Transportation and get the traffic count.
Then, call a local billboard company ... ask them what a billboard,
with that traffic, would be worth. A good rule of thumb? $1.50
CPM. For the direct marketing components (posters, flyers, brochures,
etc.) use a CPM of $50. And, for on-site exposure value (sampling,
signage, audio announcements) use a CPM of $100.
Tickets and other components that have a face value are also included in this valuation.
Then extend them out on the matrix. For example:
Items | Quantity | Value |
Banner (30 days/10,000 cars day) | 2 | $900 |
Posters/flyers | 1,000 | 50 |
Newspaper ads | ??? | rate card |
Radio advertising | ??? | rate card |
On-site signage | 5 | $5,000 |
(event attendance 10,000) |
SPONSORSHIP SALES FACT SHEET
When preparing your material for submission to potential sponsors,
keep in mind that they are overworked and understaffed. And,
if they are a Fortune 500 company they are deluged with sponsorship
requests. The total can be intimidating ... as many as 2,000
a year!
How do you cut through the clutter? How do you get, and keep,
their attention? Simply, make your material easy to read and
understand. The simple form below can be used for events from
100 to 1,000,000 people. We are also showing you a COMPLETED
form for an ACTUAL EVENT!
This provides an easy way to summarize the highlights of your
sponsorship opportunity, offers the potential sponsor a simple,
easy-to-read overview, and facilitates the decision making process.
Try it, ... it works!
l. FACT SHEET FORMAT (Sample)
TITLE OF EVENT ___ (this is the name of your event)
DATE OF EVENT ___ (when is it being held ... dates and days)
HOURS OF EVENT ___ (when does it start, when does it end)
EVENT LOCATION ___ (where is it being held -- city, state,
location)
ATTENDANCE/ AUDIENCE ------ (how many people, what types of people
seniors? children?)
ACTIVITIES (Put in the activities that would be attractive to your sponsors for participation)
Fireworks
Entertainment
Arts and Crafts
Food
3 on 3 Basketball
Beauty contest
Parade
etc.
MARKETING OPPORTUNITIES
Signage
Posters, banners
Database development
Media (radio, television, cable, print ... spell it out clearly
and concisely; e.g., you will get 50 :30 spots, one full page,
etc.)
Product sales
Couponing/bouncebacks
Branded/licensed merchandise Contest, promotion, register to
win Pouring rights etc.
What else? (Use your imagination to enhance this list of marketing
opportunities so they get excited about the prospect of participating
in your event)
SPONSORSHIPS AVAILABLE RANGING UP TO $____________
Then, put in approximately three lines of good "sell"
copy. Summarize key points, conclude with value, and ask them
to seriously consider this marketing opportunity for their particular
product or service.
FOR FURTHER INFORMATION, CONTACT:
-NAME- -TELE #- -EMAIL
ll. FACT SHEET FOR AN EVENT (Actual)
OCEANFEST '99 - FACT SHEET
LOCATION: Oceanfront, promenade and beach area at The Ocean Place Conference Center & Resort, Long Branch, NJ
DATES/TIMES: Saturday, July 3rd, 1999 ... 12n to 5:00 pm,
Sunday, July 4th, 1999 ... 10 am to 10 pm
ATTENDANCE: 250,000+
AUDIENCE: Attendees average 30-45 years old, professional, married with children. Visitors come from all over New Jersey and metro New York.
SPECIFIC ACTIVITIES:
Spectacular fireworks display
VIP reception and priority viewing ..."Evening Under the
Stars"
Master sandsculpting championship
3-on-3 basketball tournament
Professional soccer clinic
Parade With 75-80 floats
Amusements and kiddy rides
Entertainment ...bands, dancing, singing, performance art
Wide range of food selections
Quality arts and crafts
MARKETING OPPORTUNITIES:
Radio, TV, and print coverage
Three large street banners on Broadway, Joline, Norwood Ave.
Inclusion on posters, flyers, etc. (100,000+)
On-site signage
Booth space
Hospitality
PROMOTION IDEAS:
Product sales
Product sampling
Database development (register to win)
Contest/promotions
Premium incentives
Couponing/bouncebacks
Cross-promotions/partnerships
A terrific opportunity to become involved in a community event that attracts over 250,000+ people each year from all areas of New Jersey and the metropolitan area of New York City. One of the premiere events on the Jersey Shore. Allen Consulting, Inc. Phone:732-946-2711 Email: sylvia@allenconsulting
WHERE TO FIND YOUR SPONSORSHIP DOLLARS
If you are involved in sponsorship sales, you often feel like
you are looking for a needle in a haystack. Many times you don't
have a contact name nor do you know what department has responsibility
for sponsorship, so you start cold calling. Don't despair. You
can find sponsorship dollars if you are persistent and consistent.
Sponsorship dollars can be found in a variety of departments
within a company and under a range of corporate titles. Of course,
when you initially contact a company, the first person you will
ask to speak to is the person in charge of sponsorship for that
organization.
And, if they have a sponsorship department (and more companies
are adding them daily), you are quickly and easily connected to
the right department. Now, do you talk to the Director, Vice President,
or Manager of that department? It depends upon the corporate culture
and how responsibilities are assigned to different titles.
PREPARE FOR YOUR CALL
Hopefully, before calling, you will have done your homework and
determined the culture and know the appropriate person to talk
to. Other calls you make won't be that easy. Sometimes sponsorship
dollars reside in the marketing budget; other times in public
relations.
With consumer goods, you will often find sponsorship money in
brand or product management; other companies may have funds available
through human relations or sales. In today's world of highly automated
telephone systems, you may have to make several calls to any specific
organization before you are able to find the appropriate person.
To make your initial calling easier, read the trade publications
addressed to event marketers. You should really keep back issues
of these publications and use them as resource material when researching
who is spending sponsorship dollars on what.
Of course, with the Internet, data retrieval has become much
easier. At least you now have a name for your initial contact
and, even if they are no longer involved, they can refer you to
the proper contact person.
USE MULTI-DEPARTMENTAL APPROACH
Also keep in mind that more than one person can be involved
in sponsorships and that more than one department participates
in sponsorship. If you have approached the marketing department
and, in spite of the quality of your presentation and appropriateness
of the event, they have still turned you down, that doesn't mean
you can't go back to that very same company. Just select another
department. If the match of sponsor and event is right, you may
be successful going through other channels.
If you are a nonprofit organization or have a cause-related affiliation
with your event, you can go to the grant administration or charitable
contributions department. Keep in mind that these decisions are
always made a year in advance, so don't expect short-term moneys
from these departments.
Also, considering that major corporations are bombarded with
requests for funding, sponsorship and otherwise, you may not get
the sponsorship dollars you want. However, some money is better
than none! In addition to reading the trade publications to find
out who is spending what and where, use your professional trade
association affiliations as a resource too.
NETWORKING ORGANIZATIONS FOR YOU
Organizations that could help you in your networking to determine
which companies are doing sponsorship are local advertising clubs,
International Special Events Society (ISES) chapters, Public Relations
Society of America (PRSA), and Product Marketing Association of
America (PMAA), to name just a few. Attend the meetings, take
advantage of networking opportunities and you will be surprised
at how much information you can get.
HELPFUL PUBLICATIONS
There are also directories that list the various people involved
in sponsorship including IEG Directory of Sponsorship Marketing,
Franklin Covey's Sports Marketplace, Alan Friedman's Team Marketing
Sourcebook, ADWEEK'S Agency Directory and Consumer Products Directory,
the advertising agency's Bible -- The Red Book, and EPM's Licensing
Business Sourcebook.
(Note: The Licensing Business Sourcebook contains the names of
people who are responsible for the licensing activities at particular
companies and properties. In many instances they are also involved
in sponsorship). These publications average $200-300 each, but
are well worth the investment compared against five-, six-and
seven-figure sponsorship sales.
REGIONAL vs. NATIONAL APPROACH
In many instances, the size and type of event determines where
you might find sponsorship dollars. For example, if you have a
local event that only impacts your local area, you can go to the
local distributors or field offices. Often they have discretionary
dollars that can be allocated to local sponsorships. So, too,
with regional events.
Within the last couple of years, Miller Brewing has gone to regional
offices where each office can make sponsorship decisions themselves
for events within their region. Of course, if your event is national
or international, you will still have to go through corporate
headquarters for your solicitation.
Whatever channels you go through -- local, regional, national
-- start your sponsorship sales process early. Budgets are planned
annually; the more lead time you have, the better chance you have
of getting your event considered for sponsorship.
Don't wait until three months or, worse, three weeks, before
the event to start soliciting sponsors. Remember, the greater
the lead time, the greater the success rate.
PROPOSAL WRITING/PROPOSAL ASSESSING
Proposals are very individual documents. They are individual
to the sponsorship seeking organization; they are individual to
the specific corporation to be approached. For sponsorship investments
over $1,000 there is no such thing as a generic proposal.
That said, proposals come in all sizes and shapes. Some very
successful organizations never send more than a single page the
first time they contact a prospect in writing. Others never send
out a written proposal of fewer than ten pages.
COMMON FEATURES IN PROPOSALS
At the most basic level, there is no excuse for anything less
than absolute accuracy in corporate names, addresses, titles and
the like. Beyond that, successful proposals are designed to be
read quickly or skimmed easily for the key points: what is the
event; what does it offer the sponsor in terms of value; what
does it cost. If this information is buried, the prospect may
not dig. Years ago, sponsorship proposals might have been read
by anyone in a corporation from a summer student helping out the
CEO's secretary to a junior in accounting. Today, in most corporations,
the individual reading sponsorship proposals is a thoroughgoing
professional. Smart sponsorship seekers recognize this fact.
Rhetoric about the organization to be sponsored is kept to a
minimum. Similarly, a review of the prospect's corporate history
and sponsorship profile is not required. (The reader has this
information.)
The best proposals avoid vague promises. If, for example, increased
sales are promised there must be an indication that the proposal
writer understands what motivates sales. The same goes for promises
to enhance corporate image or to improve community relations.
Sponsorship professionals have cautioned against putting faith
in high-priced, over-packaged proposals. These individuals agree
that it's the offer that makes the difference. This is not to
say that an attention-getting device doesn't have its place, but
it should be chosen with care and underpinned with solid business
rationale.
TIMING
The larger the sponsorship fee, the more highly leveraged the
sponsorship is likely to be and the more lead time sponsorship
seekers need to allow for corporate decision-making and subsequent
development of the sponsorship. For sponsorships above $10,000
in fee alone, the proposal process should get underway (initial
contact made) a minimum of six months in advance of the event.
One year in advance is typical for larger investments.
The timing for presentation of the full proposal -- a separate
consideration -- depends on the financial cycle of the corporation
(available from annual reports). As a guideline, sponsorship proposals
for events of some financial magnitude are submitted a minimum
of three to six months before the corporate prospect's fiscal
year-end.
Putting both timing requirements together (number of months prior
to the event and number of months prior to corporate year-end)
can result in a lead-time of eighteen months or more for a significant
sponsorship. In this discussion, what constitutes "significant"
depends on the corporation, not on the sponsorship seeker.
PROPOSAL ASSESSING
For corporate sponsors, the link between the definition of corporate
objectives -- whether related to sales targets, corporate image,
product introduction, community relations, or any other purpose
-- and the assessment of any individual proposal, is very direct.
In many situations, a given proposal clearly fits or does not
fit with corporate objectives. Demographics of event attendees
either do or do not match target. Sampling opportunities either
do or do not match requirements. The client hospitality opportunity
either is or is not in line with what's required.
The challenge comes when an event offers some of the requirements
-- but not others. For example, when an airline sets as a specific
corporate objective the exploitation of particular air routes,
sponsorships which contribute to the accomplishment of that objective
no doubt get special consideration.
To continue the example, assume that development of existing
Caribbean routes is high on the corporate agenda. Sponsorships
of festivals, sports teams, cultural exhibitions, and culinary
competitions with a Caribbean focus will be particularly well
received and conscientiously evaluated.
WHO LEADS? WHO FOLLOWS?
But what happens when demographics of event attendees are
correct, but media coverage or sheer size of the event is out
of line? These are the proposals -- and the occasions -- when
the corporation may want to take the lead in shaping the direction
and scope of the event behind the proposal. The objectives of
sponsorship seeker and corporation may come into full alignment
with the corporate sponsor taking the lead.
Those assessing sponsorship proposals need to be especially aware
of the needs of a variety of their internal colleagues, at a variety
of levels within the corporation. If a corporation seeks to position
itself as a youthful, high energy organization -- an enormous
variety of sponsorship opportunities might well contribute to
the image.
But thinking must go beyond image to the very specific objectives
to be accomplished. Is the youth/energy image important primarily
as an appeal to potential shareholders? to the marketplace?
To the attraction of new employees?
Sponsorships exist which can contribute to the accomplishment
of the whole spectrum of goals. The challenge to those assessing
sponsorship proposals is to match corporate objectives to the
benefits available from the sponsorship seeker.
RELATED THINKING
Sponsorship? Charitable contribution? Corporate philanthropy?
Does it matter what we call it? Of course it does ... enormously.
All those who seek funding had best know which corporate pocket
they're applying to. The request for a donation is vastly different
from the proposal for a sponsorship relationship. The contact
point is different; the goals are different; the language is different.
It matters, too, on the corporate side because of the widely
differing goals of the donations committee, for example, and the
brand management team. The opportunity for leverage is the single
largest loss that comes from corporate confusion about the differences
between sponsorship and charity.
ARE THERE HYBRIDS?
Of course there are. Especially where large sums or complex
funding requirements are involved. Or where a corporation continues
under the leadership of a founding entrepreneur who is likely
to make personal decisions on both sponsorships and charitable
contributions.
Below is a chart comparing sponsorship and charitable contributions.
l. SPONSORSHIP
PUBLICITY
Highly public
SOURCE
Typically from marketing, advertising or communications budgets
ACCOUNTING
Written off as a full business expense, like promotional printing
expenses or media from placement expenses.
OBJECTIVES
To sell more products/services; to increase positive awareness
in markets and amongst distant stakeholders (customers, potential
customers, geographic community).
PARTNER/RECIPIENT
Events; teams, arts or cultural organizations; projects; programs.
A cause is sometimes associated with the undertaking.
WHERE THE FUNDING GOES
Sports get the lion's share of sponsorship dollars...around 65%
ll. CHARITABLE CONTRIBUTION
PUBLICITY
Usually little widespread fanfare.
SOURCE
From charitable donations or philanthropy budgets
ACCOUNTING
Write-off is limited to 75% of net income. This limit was increased
20% earlier this year. As a result, accounting/tax considerations
are less likely to influence the way a corporation designates
funding of a not-for-profit organization.
OBJECTIVES
To be a good corporate citizen; to enhance the corporate image
with closest stakeholders (employees, shareholders, suppliers).
PARTNER/RECIPIENT
Larger donations are typically cause-related (education, health,
diseases, disasters, environmental), but can also be cultural,
artistic or sports related. At times funding is specifically designated
for a project or programs; at times it is provided for operating
budgets.
WHERE THE FUNDING GOES
Education, social services, and the health sector get 75% of
charitable donations
WHERE TO PLACE SPONSORSHIP DOLLARS
Whether investing in local, regional, national or global markets,
sponsors have some basic questions that need answering before
they can make a decision on their participation.
Here are nine questions that can help narrow the choices of where to place sponsorship dollars:
1. Will the sponsorship drive sales?
2. Will it enhance or reinforce brand image?
3. Will it increase awareness of the company's product, brand,
or service?
4. Will it provide retail and trade tie-ins?
5. Will it drive volume and long-term profitability?
6. Will it increase share of the market?
7. Will it provide a vehicle for entertaining clients
8. Can it differentiate the product or brand from a competitor's?
9. Will it give the company a competitive edge. I.e., exposure
in a market the competition is not in?
Then, once these questions have been asked, screen and grade the choices to make a selection by using the following seven questions:
1. Is the objective corporate or brand specific?
2. Is it a one-time event or a long-term commitment?
3. Do the locations and dates fit company needs?
4. How many attendees can be expected (total exposure of brand/product)?
5. Will there be cosponsors?
6. Will the company be lost in a crowd of other sponsors?
7. What is the cost relative to the expected return?
When developing your sponsorship proposals, keep the sponsor in mind and remember that these questions will be part of the consideration process. Understanding the company and these questions before making a sponsorship solicitation will pave the way for a more effective, and more successful, sponsorship presentation.
BARTER AS PART OF THE SPONSORSHIP MIX
When considering sponsorship, the focus is on dollars -- what
can be generated and what value the sponsor will receive. Barter,
however, is an important element in the sponsorship mix and a
good way to offset expenses, particularly in the areas of promotion
and media.
WHAT IS BARTER?
Years ago, neighbors bargained over backyard fences -- swapping
quilts for homemade preserves, child care for slipcovers. Manhattan
was part of a barter deal of land for beads. Today, barter is
big business, with more than $1 billion in goods and services
exchanged last year in North America alone. Barter can be an
important element in your sponsorship mix.
According to Webster's dictionary, barter is "to trade (e.g.,
goods, services) without the exchange of money." In sponsorship,
barter can be an effective way of offsetting bottom-line expenses
and enhancing your event with value added elements.
The first step in determining barter should be to look at your
event budget, line by line, to see which elements are "barter-able."
Two of the most common areas in barter are media and promotion.
HOW BARTER WORKS
A barter relationship is approached like any other sponsorship
agreement. The property sales representative approaches a potential
sponsor with a benefits package (it's the same package they would
present to a sponsor if looking for a cash commitment). Depending
upon the level of sponsorship and the desired participation, the
sale is negotiated like any other sponsorship except that no cash
changes hands.
For example, if doing a barter deal with a radio station, the
station would receive all the sponsor benefits associated with
their sponsorship level. Then, the value of that sponsorship
would be paid in air time -- radio spots. Now, as the event,
you have not only offset the advertising expense in your budget,
you have valuable media time that can be incorporated into your
sponsorship packages.
In addition to bartering the tangibles -- line items that are
actual event expenses -- you can also barter for intangibles,
items that are "nice to have" and enhance your event
but were not part of the initial budgeting process.
HOW TO DO I
Barter dollars should be exchanged at retail. Don't ask your
barter partner to "cut prices" or "sell it to me
wholesale." Be prepared, as with any other sponsor, to demonstrate
the retail value of your sponsorship package and how the benefits
of your event have intrinsic value, whether the relationship is
cash or barter.
Another good barter relationship can be with a supermarket or
drug store chain. You can generate positive exposure for your
event, the retailer's media and in-store marketing efforts, and
you'll also have a retail outlet for other sponsorships.
For example, if your sponsorship is with XYZ drug chain and you
have a sponsorship opportunity with Polaroid, the retail relationship
enhances your sponsorship package by giving Polaroid a retail
outlet that is already involved with your event. The synergies
of the event, the retailer and the individual brands enhance the
sponsorship participation for everyone.
Keep in mind, too, that some sponsorships can be part barter
and part cash. For example, some media partners are willing to
give part cash with the balance in trade. Or vendors, such as
tent suppliers and other on-site facilities providers, might be
willing to barter for 20% of their total billing to the event.
Food and beverage people are also viable barter partners.
TREAT BARTER THE SAME AS SPONSORSHIP
Other elements to consider? Treat your barter partner as you
would any other sponsor. Enter into a contractual relationship
with sponsorship benefits and responsibilities clearly spelled
out. Maintain the confidentiality of the sponsorship relationship
and follow through on all promised benefits. Provide your barter
sponsors with the same post-event analysis you would provide to
cash sponsors.
Demonstrate the value of their sponsorship participation in audience
exposure and media impact. Acknowledge them in the same manner
as sponsors. The reality is they have helped you either offset
a line item expense or enhanced the value of your event with value-added
products and/or services. In either case, the relationship has
had value. And, you may want to have the same relationship again.
As more event organizers become experienced in barter arrangements,
they will enjoy the positive results of these relationships, including
decreased expenses and value-added products and services.
THE ANNUAL REPORT... A POWERFUL SALES TOOL
READING THE ANNUAL REPORT
Annual reports showcase a company to its customers and stockholders.
The introduction sets up the rest of the report by making a good
first impression. It often features a letter from the chairman
to the stockholders describing the previous year and plans for
the future.
By reading this section closely, you can generally figure out
what the company considers important, what is happening that's
exciting and what problems the company expects to face. Look
for a company overview as well as important information about
the company's structure, markets, products and customers.
Finally, just before the financial information, you'll find a
more objective explanation of operating results. A word of caution:
Companies want to use the introduction to paint as flattering
a picture of the company as possible.
HERE'S WHAT TO LOOK FOR
As you read, look for the following information.
1. Vision or mission statement - Mission statements can help
galvanize and unify employees for a common goal. Also, if the
company makes purchasing decisions with its mission in mind, you
need to know what that mission is.
2. Strategies for achieving the mission - These plans should
tell you a little about the economic constraints of the business
environment and describe how the company will use its resources
to gain a competitive edge and reach its goals.
Most companies list between three and five specific business
strategies. Analyze them carefully and decide how your sponsorship
offering can make each one more effective.
3. Principal lines of business - Many large companies actually
comprise several businesses rolled into one. The more you know
about the different businesses they're in, the more selling opportunities
you may find.
Pay close attention to recent acquisitions to find out where
the company is headed and what new markets it holds for your sponsorship.
4. Customers/target market - Your sponsorship will be much more
appealing if it helps the company's customers in a cost effective,
measurable way. Annual reports often illustrate how the company
has served its customers. Studying this helps you understand
how the company adds value for its customers.
5. Challenges and problems - Focus on any mention of current
or future competition, industry or economic trends or how the
company's target market perceives its products and services.
Presenting yourself as a problem solver gives your prospect one
more good reason to buy.
6. Measurements of success - Although some measurements of success
are consistent from company to company, individual businesses
measure achievement in different ways.
Present the benefits of your sponsorship in terms that are meaningful
to your prospects, and they'll recognize the value of what you
offer -- and that your selling approach is truly customer-oriented.
7. Sources of competitive advantage - In some industries, a
business gains a competitive edge from being a low-cost producer.
In others, it might be more important for a company to develop
new products faster or make deliveries promptly.
CONCENTRATE ON THE FINANCIAL STATEMENTS
To sell your customers on competitive advantage, you'll need
to know what your customer must do to gain that advantage. In
this section, pay closest attention to the company's income statement.
To help you understand what you're reading and what the figures
mean, remember
1) The numbers acquire meaning only in comparison with a company's
past performance and to other companies in the industry.
2) Percentages are more important than absolutely numbers.
3) Numbers only offer clues as to a company's performance --
they tell you the final score, but not how the game was played.
YOUR 4-STEP PLAN
If contemplating your prospect's income statement leaves you
wondering where to begin, follow this four-step plan:
1. Analyze your prospect company's top line or total revenues.
Did sales increase or decrease and why? How did revenue growth
compare to industry trends? Was growth attributable to volume
increases or price increases?
2. Skip down to the bottom line.
Compare profit increases or decreases with revenue increases
or decreases. How did profits compare to their peer group?
3. Analyze the operating income figures.
Also shown as earnings before interest and taxes, these figures
should appear several lines about the net income figure. Operating
income numbers are the best measure of how well company managers
run the company's day-to-day operations.
These figures factor out decisions about company finances and
taxes and extraordinary events, where your products will have
no impact anyway.
4. Take a look at gross profit margins.
A company's gross profits are a valuable measure of its effectiveness
and ability to add value for its customers. Large revenue increases
accompanied by lower gross profit margins, for example, may mean
that the company can attract more business only through lower
prices.
WHY USE ANNUAL REPORTS?
Since customers and prospects don't come with directions
or an owner's manual explaining how to sell to them, why not take
advantage of the next best thing?
Competitive salespeople need to use all the resources at their
disposal, and an annual report provides fast, easy access to valuable
customer information.
It's impossible to know much about your prospects and customers.
Annual reports are a gold mine of information and serve as a
how-to guide for selling to any company that publishes one.
Here are three good reasons to make annual reports part of your
selling strategy:
1. To be more than just a vendor.
Professionals want salespeople to know their business and industry,
their sources of competitive advantage, challenges and opportunities
-- information you can find in many companies' annual reports.
2. To earn the right to an appointment.
You can use the information in an annual report to demonstrate
a thorough knowledge of your customer's business that will help
you get an appointment. The annual report can also familiarize
you with the customer-specific jargon, financial measurements
and current trends that will help you "speak the language"
when you do get an appointment.
3. To find out how you can help.
Consider a company's annual report the scorecard of its performance.
Careful analysis can tell you how you and your sponsorship might
be able to enhance that performance -- ideas you can then present
to your customer in a persuasive presentation.
12 STEPS TO SPONSORSHIP SUCCESS
It is a SUMMARY of the 10-article series we ran during the last
months.
Selling sponsorships is not a matter of buying a mailing list
of potential buyers, writing a direct mail letter, putting together
a "package," mailing everything out and waiting for
the telephone to ring with people offering you money. It's a
nice dream but the reality is much more complicated (and time
consuming) than that.
Before getting started you should have a definition of sponsorship.
The following definition is by no means perfect; however, there
are some choice words that help you purse your sponsorship sales
with a good foundation.
SPONSORSHIP IS AN INVESTMENT, IN CASH OR IN KIND, IN RETURN FOR ACCESS TO EXPLOITABLE BUSINESS POTENTIAL ASSOCIATED WITH AN EVENT, PARADE, FESTIVAL, OR HIGHLY PUBLICIZED ENTITY.
The key words in this definition are "investment,"
"access to," and "exploitable." First, investment.
By constantly looking at sponsorship as an investment opportunity,
where there is a viable payback, no longer are you talking to
someone about a payment of cash or money. Rather, use the word
investment which automatically implies that value will be returned
to the investor.
Second, access to which means they ability to be associated with
a particular offering (event, sport, festival, fair you name
it). Lastly, exploitable, a positive word which means "to
take the greatest advantage of" the relationship. In other
words, allowing the sponsor to make the greatest use of their
investment and capitalize on their relationship.
With this definition in mind you can now go forward and take
the 12 steps to sponsorship success. If you take these basic
12 steps you will be assured of greater success in your sponsorship
endeavors. These basic steps, and the components that comprise
each of them, are covered in depth in this book. References are
made throughout this chapter to the specific chapters that go
into the specific references in detail.
Step 1 Take inventory
What are you selling? You have a number of elements in your
event that have value to the sponsor. The include, but are not
restricted to, the following:
· Radio, TV and print partners
· Retail outlet
· Collateral material posters, flyers, brochures
· Banners
· Tickets: quantity for giving to sponsor plus ticket
backs for redemption
· VIP seating
· VIP parking
· Hospitality for the trade, for customers, for employees
· On-site banner exposure
· Booth
· Audio announcements
· Payroll stuffers
· Billboards
· Product sales/product displays
· Celebrity appearances/interviews
· Internet exposure
And, you can think of more. Look at your event as a store and take inventory of the many things that will have value to your sponsors, whether it be for the marketing value or hospitality value. Take your time in making up this list time spent at the beginning will be rewarded by more effective sponsorships when you get into the selling process.
Step 2 Develop your media and retail partners
Next, approach your media and retail partners. They should be
treated the same way as all other sponsors, with the same rights
and benefits. In fact, after taking your inventory steps 2 and
3 are done almost simultaneously as you must have something to
give to your potential media and retail partners that describes
the sponsorship. Briefly, here's what is important to these two
key partners.
Media
Your event offers the media an opportunity to increase their
non traditional revenue (NTR). You have an audience, sampling
opportunities, sales opportunities and multiple media exposure
that the media people can offer to their own advertisers. Many
times an advertiser asks for additional merchandising opportunities
from the media. Your event offers them that opportunity. You
can let them sell a sponsorship for you in return for the air
time or print coverage.
Just make sure it is always coordinated through you so they are
not approaching your sponsors and you are not approaching their
advertisers. From radio and TV you want air time that can
then be included in your sponsorship offerings.
From print you want ad space and/or an advertorial (a special
section). In both instances you are getting valuable media to
include in your sponsorship offerings to your potential sponsors.
Treat your media just like your other sponsors. Give them the
attendant benefits that go with the value of their sponsorship.
When the event is over, they should provide you with proof of
performance (radio and TV an affidavit of performance; print should
give you tear sheets) and, conversely, you should provide them
with a post event report.
Retail
A retail partner supermarket, drugstore, fast food outlet offer
you some additional benefits that can be passed on to your sponsors.
And, with a retail outlet, you can approach manufacturers and
offer them some of these benefits. For example, once you have
a retail partners the following opportunities exist:
· End cap or aisle displays
· Register tape promotions
· In-store displays
· Store audio announcements
· Inclusion in weekly flyers
· Weekly advertising
· Cross-promotion opportunities
· Bag stuffers
· Placemats (fast food outlets)
· Shopping bags
Again, as with the media, even though this might be straight
barter, treat the retail outlet as you would a paying sponsor.
They are providing you with terrific benefits that can be passed
on to your other sponsors, a tremendous value in attracting retail
products.
And, as with the media, have them provide you with documentation
of their support samples of bags, flyers, inserts, etc. In return,
you will provide them with a post-event report, documenting the
benefits they received and the value of those benefits.
Step 3 Develop your sponsorship offerings
Now you can put together the various components of your sponsorship
offerings so you are prepared to offer valuable sponsorships.
Try to avoid too many levels and too "cutesy" headings.
Don't use gold, silver and bronze.
Don't use industry-specific terms your buyer might not understand.
(If the buyer doesn't understand the words they probably won't
take a look at the offering!). Simply, you can have title, presenting,
associate, product specific and event specific categories.
They are easy to understand and easy to sell. Of course, title
is the most expensive and most effective. Think of the Volvo
Tennis Classic or the Virginia Slims Tennis Classic. The minute
the name of your event is "married" to the sponsor's
name the media have to give the whole title. Great exposure for
your title sponsor.
The first step in preparing for your initial sponsor contact
is to prepare a one page fact sheet that clearly and succinctly
outlines the basics of your event (the who, what, where, when
of your property) and highlights the various benefits of being
associated with that event (radio, TV, print, on-site, etc.).
Step 4 Research your sponsors
Learn about your potential sponsors. Get on the Internet, read
the annual reports, do a data search on the company, use the Team
Marketing Report sourcebook find out what the companies are
currently sponsoring, what their branding strategies are, what
their business objectives are.
Become an expert on your prospects the more you know abut them
the better prepared you will be for their questions and the easier
it will be for you to craft a sponsorship offering that meets
their specific needs.
Step 5 Do initial sponsor contact
Then, pick up the telephone. Try to reach the proper person.
When you reach the correct person, don't launch right into a
sales pitch. Rather, ask them several questions about their business
that will indicate to you whether or not they are a viable sponsor
for you project. (If you've done your homework, the answer will
be "yes" and you can continue.)
Step 6 Go for the appointment
Once you have had a brief discussion, try to get the appointment.
If they say, "Send me a 'package'" respond with "I'll
do even better
than that. I've prepared a succinct one page Fact Sheet that
highlights the various marketing and promotion components of my
event. May I fax it to you?".
Then, ask for the fax number, send it to them right away and
then call back shortly to make sure they received it. If they
have received it go for the appointment. Explain that the fact
sheet is merely a one dimensional outline that cannot begin to
describe the total event
and you would like to meet with them, at their convenience, to
show them pictures, previous press coverage, a video whatever
you have. Follow the basic sales techniques of choices .. Monday
or Friday, morning of afternoon. Don't give them a chance to
say they can't see you.
Step 7 Be creative
Once in front of the sponsor, be prepared. Demonstrate your
knowledge of their business by offering a sponsorship that meets
their specific needs. Help them come up with a new and unique
way to enhance their sponsorship beyond the event.
For example, if it's a pet store, come up with a contest that
involves the customers and their pets. Or, devise a contest where
people have to fill out an entry form to win something.
Think about hospitality opportunities rewards for leading salespeople,
special customer rewards, incentives for the trade. Be prepared
to offer these ideas, and more, to help the sponsor understand
how this sponsorship offers him/her great benefit.
Step 8 Make the sale
The moment of truth you have to ask for the sale. You can't
wait for the sponsor to offer; rather you have to ask "Will
we be working together on this project?" or something like
that. You will have to develop your own closing questions.
Hopefully, as you went through the sales process, you determined
their needs and developed a program to meet those needs. And,
you certainly should have done enough questioning to determine
what their level of participation would be.
Keep in mind that different personality styles buy differently
which means you must select from a variety of closing techniques
to ensure the right "fit" with the different personalities.
As with any sale, once you have concluded the sale follow up
with a detailed contract that outlines each parties obligations.
A handshake is nice but if the various elements aren't spelled
out there can be a bad case of "but you said" when people
sometimes hear what they want to hear, not necessarily what was
spoken. Make sure you include a payment schedule that ensures
you receive all your money before the event. If not, you could
suffer from the "call girl principle".
Step 9 Keep the sponsor in the loop
Once you have gone through the sales process you want to keep
your sponsor involved up to, and through, your event. See if
their public relations department will put out a press release
on their involvement. Show them collateral as it is being developed
to make sure they are happy with their logo placement. (With
fax and e-mail this is now a very simple process.)
Make sure they are keep up-to-date on new sponsors, new activities
whatever is happening. The more you involve them in the process
the more involved (and committed) they become.
Step 10 Involve the sponsor in the event
Make sure your sponsor is involved in the event. Don't let a
sponsor hand you a check and say "Let me know what happens."
You are doomed to failure. Get them to participate by being
on site walk around with them discuss their various banner locations,
the quality of the audience, the lines at their booth, whatever
is appropriate to their participation
Step 11 Provide sponsors with a post-event report
There's a very old saying regarding presentations: "Tell
them what you are going to tell them, tell them, then tell them
what you told them." The post-event report is the last segment
of this saying. Provide your sponsors with complete documentation
of their participation.
This should include copies of all collateral material, affidavit
of performance from your radio and TV partners, tear sheets, retail
brochures, tickets, banners, press stories whatever has their
company name and/or logo prominently mentioned or displayed.
This should all be included in a kit, with a written post-event
report that lists the valuation of the various components, and
presented to the sponsor with a certificate of appreciation for
their participation.
Step 12 Renew for next year
Now, if you've followed these 12 steps carefully renewal
is easy. I fact, you can get your sponsor to give you a verbal
renewal during your event (if it is going well) and certainly
after you have provide that sponsor with a post-event report that
documents the value of all the marketing components he received.
You should try for a three to one return on their investment.
In many instances it will be even more than that if you have
delivered as promised!
Conclusion
Selling isn't easy; however, if you follow these 12 steps it
will be easier because you will have done your homework and will
be prepared to discuss the sponsorship intelligently. These 12
steps make selling fun!
How to Sell First-Time Events
As Event Managers, you are responsible for all facets of your
event including location and site surveys, logistics, lighting,
decor, set design and staging, sound special effects, employee
hiring and motivation, volunteers, talent, caterers, tents/tables/chairs,
ticket sales, vendors, entertainment, management and selling sponsorships.
In the industry, using an automobile analogy, sponsorship is
the gas that runs the engine. No one plans on putting on an event
that will lose money and one always hopes that the event can be
self-sustaining. The reality? You need sponsorship dollars to
be successful. And, sponsors want to be associated with your event(s)
if the information is presented properly and the benefits substantiate
the investment.
To start, you need to have a definition of sponsorship. Sponsorship
is an investment, in cash and/or in kind, in return for access
to exploitable business potential associated with an event or
highly publicized entity. The key words here are "investment"
and "access to exploitable":
"Investment" implies a payback, value returned. When
selling sponsorships the relationship becomes a partnership whereby
the event receives the money and the sponsor receives the value
of association with a particular lifestyle, activity, charity
or other function that provides media, marketing and personal
contact, through this specific event, for the sponsor.
"Access to exploitable" refers to the right to capitalize
on this sponsorship relationship through a variety of marketing
tools including having an on-site presence, incorporating the
sponsorship relationship into all advertising materials, developing
cross promotions with other sponsors and, in general, using the
sponsorship to extend the sponsors marketing reach.
Once you understand the definition, sponsorship sales become
much easier. Easier? Yes, because you are now offering a valuable
"product" to your sponsors and they can measure the
impact of their relationship with your event on their marketing
objectives.
What Sponsors Want
When selling sponsorships, in addition to understanding the
definition, you have to understand what sponsors want. And, although
each sponsor will have specific wants and needs that you will
have to identify, there are some basic components that sponsors
want:
Increase sales;
Introduce a new product;
Expand use of current product;
Product branding;
Sampling;
Corporate hospitality;
Entertainment, whether for customers, employees or the trade;
Incentives, customer, employee or trade;
Differentiate product from competition;
Associate with a particular lifestyle;
Heighten visibility;
Shape consumer attitudes;
Recruitment;
Cause-related marketing tie-in;
Support grassroots marketing strategy.
Of course, when selling sponsorships, you must determine what specific sponsors want before calling on them so you can tailor a presentation (and benefits) to meet their needs.
Sponsorship selling hard work.
However, if you have an existing event, the sales process
is easier because you have a track record. You are able to show
pictures, past promotional material and other marketing materials
that substantiate your sales "pitch". First time events
present a different challenge.
First Time Events
Sponsorship sales for a first-time event are difficult. There's
neither a track record nor past experience for the event, so all
you have to sell is estimated attendance, exposure and marketing
opportunities. How can you make your sponsorship package so attractive
that companies will be willing to make the investment and the
commitment? By enhancing your package with media and on-site
tangibles that have value, even without the event.
Audience
The first step in selling your "new" event is the
same as for an established event: analyze your event from the
standpoint of who will be attending and who will be participating.
What are the demographics and psychographics of these two potential
audiences? What is the anticipated attendance/ participation?
Make a realistic estimate of the numbers involved. This information
will be invaluable later on in helping you decide which sponsors
to target for participation in this event as well as providing
them with valuable information to help in the decision-making
process.
Media
After determining the potential audience, start negotiating for
your media partners, selecting those whose demographics and psychographics
most closely match those of your event. These partners can be
radio, television, cable, newspapers and/or magazines. Initially
you may have to offer them a more prominent sponsorship in return
for the media allocations.
Do whatever is necessary to ensure that you have a marketable
package. The media package you negotiate must give you a certain
number of advertising pages if it is print, and a certain number
of commercials if it is the electronic media (radio, TV, cable).
In addition, you want to have the editorial coverage defined and
committed as part of the total sponsorship package.
Research Sponsors
Now, you have your event and your media partners. You have
defined your event's audience(s) and have a good profile of attendees
and participants. Start researching potential sponsors by looking
for those companies that want the consumers your event will attract.
You can find this information by studying annual reports, reading
trade publications, researching the company and/or its products,
looking at their marketing materials, analyzing their media placements,
and even talking with people within the organizations you are
targeting.
Do this for at least two dozen companies. This upfront research
time is invaluable since it will help you clearly define your
most logical sponsorship candidates for your first-time event.
Sponsorship Offerings
You've analyzed your event, you've aligned yourself with media
partners and you've done your homework on potential sponsors.
Now it's time to prepare your sponsorship offerings. Your company
research has already helped you understand your target sponsors'
marketing strategies. Keep those in mind when you prepare your
sponsorship packages. Be sure to offer a mix of elements that
includes media, hospitality, on-site participation, sales promotion,
and VIP privileges.
Keep in mind the research you did on the sponsors and address
how their specific needs can be met through participation in
your event. For your initial contact, use a simple one page fact
sheet that lists date, time, location, audience composition, marketing
and sponsorship opportunities. That should be your initial contact
with a potential sponsor.
You can always provide them with more material when they indicate
an interest. Never mass-produce your sponsorship packages and
never send generic, mass mailings soliciting sponsorship. That's
a very expensive way to solicit sponsors and seldom does it give
you a high return on your time and materials investment.
In-person Sales Call
Of course, the best way to sell any event is through the
personal sales call. It is the way you are present to overcome
any objections, answer any and all questions, provide additional
insight into the event possibly not covered by your proposal,
and deal with the myriad of issues that are part of any sponsorship
negotiation.
And, be prepared to negotiate. Many people in the position to
negotiate sponsorship contracts treat sponsorship like buying
antiques or a used car. Whatever the asking price, they are going
to try to get more by paying less. Be prepared for these tactics
and know what you can afford to do without sacrificing the quality
or integrity of your event.
And, remember, although this is a first-time event, if it is
successful the sponsors will expect similar terms next year!
Don't offer such bargain basement prices that you can't recover
for next year's negotiations. Or, if you find you are taking less
than you feel is fair, get a sponsorship commitment for two or
three years, using an escalating scale based on first-year results
and performance.
Many first-time event objections can be overcome if you come
to the meeting prepared. Study other first-time events to determine
how effectively they met their sponsorship commitments. Be prepared
to present that information on your sponsorship sales call. Get
testimonial letters from first-time event sponsors defining the
value of their participation and how their association has grown
through involvement with a first-time event.
A strong selling point with a first-time event is the ability
for a sponsor to get involved at the beginning with the positive
benefits of growing with the event.
Sales Process
As with any sponsorship sales, start early (one year before
your event) and be persistent. Don't take no for an answer.
Follow up on a regular basis, even if they initially said no.
Sales trainer Brian Tracy says you have to get five no's before
you get a yes! Don't think that one closed door at a company
means all doors are closed. If the Brand Manager says "no",
go to marketing, public
relations, advertising, even human resources. There are different
needs within different departments at a company so don't give
up.
Selling first time events is not easy. Of course, when the event
is a success and you have delivered all you promised and more
the renewal of existing sponsors and addition of new sponsors
is easier than the first year. However, it's not as much fun or
as exciting as that very first sponsorship sale for a first-time
event!
SIDEBAR - What Sponsors Want!
Sponsorship offerings should provide the benefits that sponsors
want, not what the event managers want. Telling a sponsor that
their logo will be prominently displayed on the letterhead and
in all the collateral plus their name will be in every logo has
a high "ho hum" factor to today's savvy sponsorship
marketers.
Rather, you have to come up with a range of marketing elements
that help the sponsors achieve their marketing objectives. The
very first component must be media. Establish your media partners
before anything else and, you can approach them with a sponsorship
concept whereby they receive sponsorship value and you receive
media value that can then be shared with your sponsors.
Next, look at your inventory of "things" that can be
incorporated into your sponsorship package. The following list
should get you started thinking in the right direction:
Tickets to the event;
Hospitality (customers, clients or the trade);
Banners;
Posters;
Flyers;
Payroll stuffers;
Bill inserts;
Priority parking;
Priority seating;
Ad journals;
Booth space;
Product sales;
Product sampling;
Backs of tickets for promotion;
Stage presence.
And, the list can go on and on. The key to your success?
Look at the elements that comprise your list, look at your sponsor's
needs, and try to create a match that is win/win for both sides.
Good luck!
Publicity....
From: <Allen72525@a...> Date: Tue Feb 22, 2000 5:01pm
Subject: Festival & Events Exchange Re: More On Media "turf"
wars!
Media "turf" wars! allen72525@a... (Steve Allen, APR)
If there is anything I've learned in the past 50 years in this game of "image engineering," it is that if you don't like your local broadcasters or editors, and want to change the way they do business, buy their enterprise and fire them. They make the rules, and like the "golden rule," those that have the gold, do make the rules. Understanding that ego-trip for broadcast stations and newspaper editors, let me site a case. Here in a Boston suburb, an editor pulled the curtain on me years ago, and I've survived. I stopped feeding him. He wanted a different view of any photos sent to others. Non-profits can't afford to feed in to such egos; sometimes an entire feature had to be rewritten for the same reason. Publication dates with other weeklies were identical. I stopped sending him news releases and encouraged others to do the same. When this happened, clients stopped their advertising, too. The other two weeklies provide adequate support. Radio staff, 180 degrees different from print medium, want their news in "ready to go format," double spaced at 15-65 margins, and timed for (l40 words per minute) each take of l5-30-45-60 seconds. Take a clue! Send three copies to each station, one copy for each of three segments of the day for the "day book." One or two or three may find their way into different time slots.
Working with weeklies and Sunday editions:
Watch your Monday holidays!!! Most publicists "forget"
about the holiday and short staff, especially when aiming for
news print. Get your release out to arrive at its destination
with the Friday morning mail or earlier. Deadlines are tight on
Tuesday so have your copy ready for the "press run"
by then. Editors need our copy at this time.
Radio sponsors:
Who advertises with radio often...banks and car dealers.
Forget radio broadcasters as sponsors. They are in a business
to make money. Find your sponsors among the realtors, funeral
directors, heating oil retailers, airlines, etc. Take a time
block and split the costs among many sponsors....it's a great
public service...a real "PSA." In this way when having
a special event, the radio marketing and sales division may find
your sponsors having you as their "spin." That will
make it a win-win program for everyone. Note who gets the clout
in a super sports playoff....banks and beer ads. Sounds like
the "turf wars" bring out the worst in the media; as
some say, "It is childish," and if not corrected, it
can lead to a long time black curtain for promotion by aggregating
the wrong medium locally. What's the city's Chamber of Commerce
doing all this time that you're trying to promote foot traffic
and tourism????? Happy Daze! - Boston Communicators and Associates.