WIN-WIN SPONSORSHIPS: TURNING A TRANSACTION INTO A RELATIONSHIP Steve Baskin, CEO YAVAY 1 OUR SPEAKER Steve Baskin • CEO, YAVAY, Inc. • Former Head of Advertising and Strategic Sponsorships, ING Financial Services, North America • Former marketing head at a couple of interesting internet start-ups • 15 years of award-winning advertising experience as Director of Media and as Account Director at global and regional advertising agencies. • In all, 25 years of advertising and marketing experience with global and local brands • Running USA Board of Directors 2005-2011 2 A LOOK AT RESUMES 3 HOW DO YOU GET A SPONSOR’S ATTENTION? Start at the finish line… 4 THE MARKET: $53 BILLION AND GROWING SPONSORSHIP BUYERS • Estimated 3,000 to 5,000 brands account for global sponsorship spending. SPONSORSHIP SELLERS • North America: 100,000+ properties (est.) • Globally: 300,000 to 400,000+ properties (est.) $44.0 $46.3 $48.6 $51.1 $53.3 S Amer $4.0 billion Asia / Pac $12.6 billion N American Sponsorship Categories EU $14.5 billion Entertainment 10% Causes 9% N Amer $19.9 billion 2009 2010 2011 2012 2013 Arts 5% Sports 69% Festivals 4% Associations 3% Source: IEG 2013 Sponsorship Outlook 5 5 THE INDUSTRY LOOKS SOMETHING LIKE THIS AND LOOKS SOMETHING LIKE THIS: 6 6 HOW TO FIND SPONSORS • Keep your eyes open • Board, friends, participants • Databases – SBJ Resource Guide & Fact Book, Book of Lists, TheList.com 6 degrees of separation… • Large companies headquartered in your market • Regional offices of major brands in your market • Ask for help from current sponsors • Social media – LinkedIn, Facebook • Dial the phone • Polite persistence 7 7 AN ONLINE DATING SERVICE FOR THE SPONSORSHIP INDUSTRY YAVAY is a subscription- based online service that connects buyers and sellers of sponsorships. YAVAY helps buyers make better decisions about sponsorship partners while providing unprecedented exposure to sellers. 8 8 STARTING AT THE FINISH LINE 1. Visualize the end result 2. Amplify both brands – the sponsor’s and yours 3. Attempt to satisfy specific needs of the sponsor 4. Understand how the brand will measure success 5. Sell the wins. Understand the shortfalls 9 9 VISUALIZE THE END RESULT • How does the prospective brand show up as a part of your sponsorship proposal? • How does the prospective brand relate and communicate to your audience? • Do your participants or spectators benefit from having this brand on board? • How does the sponsorship proposal help achieve the brand’s goals? • Other than financially, how will this sponsorship benefit your event? 10 10 AMPLIFY BOTH BRANDS Brand + Event > Sum of the Parts What is it about endemic sponsors that make them endemic? 11 11 WHAT DOES YOUR SPONSOR NEED? • Awareness? Broad awareness, or specific to your participants? • Brand affiliation? • Product sampling? • Hospitality and entertainment? • Employee engagement? • Community involvement? • Access? 12 12 HOW DOES YOUR SPONSOR SPELL SUCCESS? ROI is defined differently for every brand • Sales • Changes in attitudes • Samples distributed • Impressions • Finger in the wind Bottom line: ROI is about selling next year’s budget. 13 13 HOW MUCH DOES A SPONSORSHIP COST? HOW MUCH DOES A ROCK WEIGH? • Pricing a sponsorship opportunity is as much art as science • A sponsorship is worth exactly what a sponsor will pay • However, there are ways to get your opportunities priced in the right ballpark • Sponsorship research consultancies • Normative databases • Network with non-competitive, but similar properties 14 14 SELL THE WINS – UNDERSTAND THE SHORTFALLS • Let your sponsors know what a great job your team did (Yippee!) • Let your sponsors know when there are areas that you can improve • Use your successes to attract new sponsors in creative ways • Always be on the lookout for the right sponsor, not just the big sponsor 15 15 CHECK OUT YAVAY @ YAVAY.NET/PARTNERS/ACTIVE.COM 16 THANK YOU 17
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