This is Part Two of a two-part post.
Last week I issued the first half of this post where I spoke to how best to position your property with a potential sponsor and how to identify your prospective sponsor targets. This second part addresses the actual sponsorship presentation and ways to make your presentation and initial introduction to the potential sponsor more productive. If you haven’t read Part 1 or would like a refresher click here.Take a Multipronged Approach to Selling
The obvious targets for selling properties are the brands themselves, but there are many other important influencers that you should consider talking to. It all comes down to who is helping the brand teams make their plans. These other constituents include the promotions or integrated marketing team and the brand’s promotion agency. More often than not, the brand team provides the integrated marketing agency team with the creative brief to develop the big idea and execution elements. If they have fallen in love with a sponsorship opportunity for some reason, they will then direct the agency towards that opportunity. However, the more likely scenario is for the agency to present a sponsorship as part of a fully integrated plan. If you haven’t spoken to the agency, then you’ll never be included. Additionally, the alternative scenario is that you contact the brand manager and he passes you over to the internal promotions manager or the agency to filter and evaluate the opportunity. In this case, be prepared to follow up with additional phone calls, especially with the agency as you are not their priority. Persistence does pay off.
Generic Presentations Are a Turnoff
This has to be one of my biggest pet peeves, second only to receiving sponsorship packages that have no relevance to my target audience. As I mentioned previously, you must do your research and have an awareness of what the brand is doing in the marketplace. Your sponsorship presentation should reflect that research. Why is this sponsorship a good match for my target audience? How could we activate it at retail? Did you look at the website, and if so, how could it be integrated into the website activity? Similar to resumes, you need something that is going to get my attention and help me connect how the property is going to resonate with my audience and help me sell product. I have had people representing properties tell me they don’t want to waste their time doing this until they know the brand might be interested. I totally get that, but a little personalization goes a long way to a brand considering your property. Don’t forget to use my logo and spell my brand name correctly. Managers don’t want to receive a proposal as part of a mass mailing. It says you aren’t doing your homework and that just doesn’t sit right when most of the time the brand manager is spending a lot of money on the potential sponsorship.
Don’t Ask What Our Plans Are or Who Our Target Audience Is
The phone conversation goes something like this: “Hi, I am Joe Brown and I represent the “fill in the blank” tour. Do you have a few minutes to discuss this opportunity? So, could you tell me who you are targeting and the kinds of plans you have for this year?” The answer will be that we don’t share our plans unless you are a partner. I might tell them our target audience, but he/she has already lost me. It’s a perfect example of a property not doing its research and being a weak salesperson. One could argue that the salesperson is looking to engage me in conversation, but with limited time to talk, the conversation has to be a productive one, and this type of conversation will be more productive for the salesperson than me.
A Professional-looking Proposal is Important
You would think this is a no-brainer, but it isn’t. For big properties and the agencies who represent them, this is second nature. Then there are the others. I have received two-page printed documents selling a car-racing team. I have received emails with basic attachments for a beach volleyball tournament and a presentation that was nothing but a bunch of photos and some basic descriptions, but very little that told me what the benefits of the sponsorship were. In truth, many of these small properties would benefit from a seasoned marketer to provide them with some guidance. At times, I have provided them with feedback when they actually got me on the phone. Most of the time, these poor proposals end up in the circular file. These smaller guys are really appreciative of the feedback as I get the feeling they are not experienced in getting national sponsors.
No matter what you are selling, it takes perseverance and professionalism. Selling sponsorships isn’t any different. The reality is that those selling these properties have rarely, if ever, been on the other side of the desk and don’t have a real idea of what motivates the client. Hopefully, this post provides some much needed insights that will result in a higher success rate. Don’t throw the spaghetti at the wall because it really won’t stick. Use a methodical and researched approach, and you will have a higher success rate with the results reflecting the effort exerted for each sponsor target.
If you are a property looking for some help or guidance, please do not hesitate to contact me at email@example.com.