Securing Sponsorships - Brampton's Non-Profit Workshop Series
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AGENDA Introductions Sponsorship vs. Donation Sponsorship Trends Valuation The “Pitch” Fulfillment + Activation Tips and Best Practices Questions/Discussion
This is a workshop This is a “know” and not a lecture -- so, “how” -- meaning we expect to talk to will get practical but one another also get thinking You will get these You will not be slides after, so no bored, I promise! need to jot it all down
TRUE OR FALSE? Sponsorships and donations to charities are eligible for charitable tax receipts Corporate sponsorships are often managed by the same office that manages charitable donations A sponsor gives money and services to an organization without expectation of return/benefit A donor gives money and goods to an organization without expectation of return/benefit When I donate to sponsor a kid participating in a race, I am a “sponsor” not a “donor” Written agreements are required for sponsors, but not for donors A sponsor can also be a donor to an organization at the same time Most sponsors care about logo placement
SPONSORSHIP DONATION Sponsorship is a form of A donation is a gift made advertising in which by an individual or an organization to a non-profit companies pay to be organization, charity, or associated with certain private foundation. organizations. When the Charitable donations are sponsorship of a nonprofit commonly in the form of or charitable event is cash, but they can also involved, the sponsorship take the form of real estate, motor vehicles, activity is often referred to appreciated securities, as event marketing or clothing, and other assets cause marketing. or services. Sources: https://www.inc.com/encyclopedia/corporate-sponsorship.html https://www.investopedia.com/terms/c/charitabledonation.asp
5 MINUTE INTERACTION Working in small groups, you will be presented with four scenario and your mission is to whether or not the “sponsor” can receive an official tax receipt. 7
LARGEST MARKETING ACTIVITY THAT HAS HAD THE LARGEST COMMERICAL IMPACT IN 2019 (SO FAR) Source: https://www.smartinsights.com/managing-digital-marketing/marketing- 9 innovation/business-critical-digital-marketing-trends/
HOW DO YOU MOST PREFER TO LEARN ABOUT A NEW PRODUCT OR SERVICE? Source: https://www.singlegrain.com/digital-marketing/digital-marketing- 10 trends-2020/
4-YEAR ADVERTISING TOTAL VERSUS 4-YEAR GIVING Source: http://causeintegratedmarketing.com/category/csr- 11 communications/
EVENT MARKETING GOALS Source: https://www.marketo.com/event-marketing/ 12
VALUATION 13
Source: http://theaudacious.ca/freebies/
TIPSHEET KNOWING YOUR AUDIENCE Gender Age Values Interests and Pastimes How do they consume media (esp. social media) Spending/consumer habits Anything else?
5 MINUTE INTERACTION Working in small groups, you will be presented with a scenario. Your mission is to develop a “persona” of one of the segments likely to attend your charity event. 16
ASSETS GROUPINGS Source: https://lookup.mountvernonschool.org/hc/en- 17 us/articles/115003657694-2019-Corporate-Partner-Levels-and- Benefits
VALUE METHOD OF VALUATION Aim for 2 to 3 times of the actual costs 18
ASSET INVENTORY Sampling opportunities Inclusion in sponsor- Televised ad Demonstration/display related and media Access to pre- and/or opportunities activities post-event research Opportunity to sell Public relations Speaking opportunities product on-site campaign designed for at event (exclusive or non- sponsor’s market Access to or creation of exclusive) (consumer or trade) ‘what money cannot buy’ Coupon, information or Inclusion in all print, experiences premium (gift) outdoor, and/or Exclusive access to an distribution broadcast event, area, Merchandising (sponsor Inclusion on event contest/prize, service, selling dual-branded promotional pieces celebrity or experience products) (posters, brochures, for all or a specific group Inclusion in all press buttons, apparel, etc.— of consumers releases and media logo or name) The list goes on… Source: http://www.partnershipgroup.ca/wp- 19 content/uploads/2014/11/ARPA_Half_Day_Workshop_Inventory_ Asset_DevelopmentValuation_October_23_2014.pdf
5 MINUTE INTERACTION Working in the same groups, build a list of assets (examples provided) and establish a valuation for your proposal. 20
TIPSHEET List ALL assets Price them based on potential value, not cost Group assets together Know your audience Do not promise things you can’t deliver That said, aim to over-deliver
It’s a discovery How can discussion, not a sponsorship of your sales pitch organization help them? You know what you want, but do Apply the SMART you know what Principles they want?
FOR THE SPONSOR FOR THE NON-PROFIT/CHARITY What are their values, interests, and Know the basics and… priorities? How many people can you reach through Who is their target audience? marketing What do they value in a partner? Why do people engage with your cause Where to they advertise? Who is your target audience How much do they spend on marketing? What do you know about your target What are their revenue projections? audience All the potential assets that could be offered to a sponsor Who else are you planning to approach for sponsorship?
YOU: “Can I present to you a few options on how organization could advance your goals?” SPONSOR: “Yes.” YOU: “Great. I will send over a short but detailed proposal for your consideration and will schedule a time to get your feedback. Thank you.” 24
BUT… WHERE DO I FIND THESE SPONSORS? 25
THE LAI METHOD FOR PROSPECT IDENTIFICATION Source: https://medium.com/@MaxMediaGroup/determining- linkage-ability-and-interest-lai-via-cpd-34599257d5c2 26
CASE STUDY: SPONSORSHIP FOR THE WORLD CUP (2014) Source: https://www.marketingcharts.com/charts/yougov-world- cup-sponsor-identification-june2014 27
CASE STUDY: SPONSORSHIP FOR THE WORLD CUP (2014) Source: https://www.marketingcharts.com/charts/yougov-world- cup-sponsor-identification-june2014 28
5 MINUTE INTERACTION Working in small groups, you will be presented with a scenario. Your mission is to identify potential sponsorship prospects. 29
TIPSHEET WHERE TO FIND PROSPECTS Your volunteers The competition Your networks Demographic alignment Marketing and CSR budget Through the media (esp. social media) Anywhere else?
BUT… 31
Pro-tip: Gold, silver, bronze levels are on their way out. Try grouping based on a topic, theme or priority. “The Social Media Experience” “On-site, on-demand Package” “Quality Time is FaceTime”
TIPSHEET MUST HAVES IN A SPONSORSHIP PROPOSAL A story about “why” Details about the project/activity List of assets and deliverables A concrete $ figure ROI and fulfillment details A thank you statement Why this sponsor over another? Anything else?
5 MINUTE INTERACTION In your groups, evaluate the sponsorship proposal. What works? What doesn’t? How would you make it better? 34
FULFILLMENT & ACTIVATION 35
SPONSORSHIP AGREEMENTS TIPSHEET MUST HAVES IN A SPONSORSHIP AGREEMENT Timelines Details of deliverables Statement of indemnity Payment details Other special contractual agreements Exit clause Signatories Source: http://statusfirm.com/sponsorship-agreement-template/ 36
5 MINUTE INTERACTION Review the sample sponsorship contract and discuss why each section is important for the sponsor AND for you. 37
TIPSHEET SPONSOR FULFILLMENT MUST HAVES Doesn’t need to be fancy Data matters Photographic “proof” Testimonials Results from surveys, evaluations A heartfelt thank you Ask for feedback If you’re confident, ask if they would sponsor again….IN PERSON
QUESTIONS? 40
HOW TO CONTACT KRISHAN PHONE 416-979-5000, ext 5926 EMAIL krishan@ryerson.ca TWITTER @MehtaKrishan LINKEDIN @Krishan Mehta
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