Securing Sponsorships - Brampton's Non-Profit Workshop Series

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Securing Sponsorships - Brampton's Non-Profit Workshop Series
Securing
Sponsorships
Brampton's Non-Profit
Workshop Series
Securing Sponsorships - Brampton's Non-Profit Workshop Series
AGENDA
   Introductions
   Sponsorship vs.
    Donation
   Sponsorship Trends
   Valuation
   The “Pitch”
   Fulfillment +
    Activation
   Tips and Best
    Practices
   Questions/Discussion
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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
Securing Sponsorships - Brampton's Non-Profit Workshop Series
“SPONSORSHIP”
      VS
  “DONATION”

                4
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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
Securing Sponsorships - Brampton's Non-Profit Workshop Series
TRENDS IN SPONSORSHIP

                        8
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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/
Securing Sponsorships - Brampton's Non-Profit Workshop Series
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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