So, you find yourself in the office of a local clothing store chain, trying to sell the presenting sponsorship for your upcoming event. The executive gently taps her perfectly manicured nails on her desk as you relate every wonderful thing about your worthy cause.
When you finally come up for air, she takes the opportunity (finally!) to get a word in edgewise and says, “Yeah, whatever. Tell me about your audience.”
The good news is, she asked the exact right question. Here’s how to give the exact right answer…
The most important success factor for sponsorship
True sponsorship—effective sponsorship—is about one thing and one thing only: selling stuff!
The greatness of your cause is a key driver for philanthropic support, but sponsors are looking to use association with your cause as a way to generate sales. Kim Skildum-Reid of PowerSponsorship.com describes this as a “win-win-win:” your cause wins because it receives the rights fee from the sponsor; the sponsor wins because of the opportunity for enhanced promotion; and your audience wins because they get a privileged opportunity to interact with a brand that matters to them.
So the most important factor in this equation is your audience. Knowing that, how do you answer the well-manicured executive’s question?
There are four answers (or key parameters) to use for describing your audience:
Of course, there’s much more to selling sponsorships. This is only the first step.
But nothing is more important for sponsorship success than the ability to give a clear and detailed description of your audience. This information will help you determine what companies to approach (i.e., those who are selling to your audience) and what kinds of sponsorship activation opportunities to suggest. And it will position you before prospective sponsors as a serious and well-organized agency that understands marketing.
This website provides detailed descriptions of demographic, psychographic and behavioral indicators for where you live. Compile this information for some representative members of your event constituency, and you’ll have an audience description that will be meaningful and actionable for any potential sponsor.
To receive the handout from the workshop on sponsorship for small organizations that Shaun delivered at the 2014 Association of Fundraising Professionals International Conference on Fundraising, please send him an email at slynch@adventumphilanthropy.com.