Tag: sponsorship assets


Our Top 4 Tips for Uncovering Sponsorship Assets 11th July, 2018

Over the years we have helped countless rights holders and sponsors come together effectively to great mutual benefit. However, that road isn’t always as smooth as it should be – particularly when it comes to sponsorship assets.

There have been many instances where we have witnessed rights holders only offering basic assets to potential sponsors, as opposed to its full armoury of options. Most commonly this translates into a focus around a logo and whilst this still does hold importance to a would-be sponsor, to get real value out of a partnership it is crucially important to ensure all potential assets are made available.

Allow us to put this into context for you. Imagine a fully-stocked supermarket that only sells items in the very first aisle to customers and blocks off the rest of the store. This will inevitably reduce the supermarket’s revenue and narrow the customer’s shopping potential. The same logic applies in the world of sponsorship.

The major problem with only offering some of the potential assets to a sponsor is that it’s impossible to know exactly what a brand requires to make the most of their sponsorship when reaching out before qualifying the lead.

As you may imagine, the chances of understanding exactly what a sponsor desires is increased simply by doing your homework and regular research, but there is still no better way to truly understand a brand’s approach than by speaking with them directly.

However, it is admittedly difficult to uncover all possible assets without previous sponsorship knowledge when you’re fully immersed in your own day-to-day tasks. So Slingshot is here to help with our top four quick tips for uncovering sponsorship assets…

1) Get into the brand’s mindset
Figure out exactly why a brand would want to be a sponsor and work out what you can specifically offer them that they’d simply be unable to get elsewhere.

2) Brainstorm with colleagues
Never tackle this sponsorship conundrum on your own! The more minds the better because, as with any ideas session, everyone thinks differently – which can be key to thinking outside of the box and uncovering assets which aren’t just a bog standard logo placement.

3) Travel the customer journey
Remember that sponsors ultimately want access to your audience. So travelling through the customer journey and understanding all possible touchpoints a sponsor can utilise to engage with your audience will showcase multiple key assets.

4) Check out the competition
Last but not least, try and get hold of your competitor’s sponsorship proposals to see what they are offering and how it differs to you. It may just spark a new idea or illustrate ways for you to improve your own platform for sponsors both now and in the future.

Case Study: Outlook Festival Knowledge Area

Back in 2015, we utilised our expertise of uncovering sponsorship assets to continue pushing the boundaries of the traditional festival model. We created something which added to the consumer experience and attracted brand integration at the Outlook Festival.

Named the Knowledge Arena, it was here we created workshops led by artists where guests could create their own music at the festival. This forward-thinking rights holder maintained focus on the consumer, leading to greater engagement and sparking brands’ interest in being involved with connecting to the audience in a deeper, more meaningful way.

Key takeaways

Any rights holders looking for sponsorship must think strategically before approaching a brand. Think carefully about the plethora of assets you can offer, particularly ones which resonate with certain target brands.

Once all assets have been uncovered, the goal then becomes ensuring these are effectively and aesthetically communicated in the best way possible to potential sponsors – and at the right price.


Heading off Piste – Solving Platform Issues With Sponsorship 31st March, 2016

Fresh from the success of Snowboxx 2016 just this month, we thought this would be a great time to shine a light on how Snowboxx has utilised sponsorship to develop the event.

Snowboxx is a week long snow escape combining the perfect ski holiday by day with the excitement and hype of a festival hosting world renowned DJ’s by night. Based in the picturesque resort of Avoriaz in France the festival has grown year on year, welcoming over 4,000 attendees to this alpine getaway. However when planning the 2016 event, Snowboxx faced a number of challenges which it felt were creating barriers to the event’s growth & customer experience.

In order to overcome these challenges Slingshot worked with the sponsors to ensure all activation was curated to create a positive contribution to the identified areas, whilst supporting the on-point brand activity. This allowed sponsors to not only project their desired messaging but to also provide meaningful engagement to the festival and attendees alike.

Sponsorship Solutions

The four sponsors of Coors Light, Rockstar, Jungfrau & Dare2B all brought brand activations and expertise to the event, highlights include:

  1. Social Media & Content

A key challenge to rights-holders is social media, the management of content and how to engage with the attendees in an engaging manner. As such Coors Light, the brand for ‘Damme cold’ refreshment had a huge focus on amplifying their sponsorship outside of the festival boundaries of France. With a thirst for content and social interaction Coors Light developed a social media centric campaign to support their sponsorship including the curation of a unique Coors Light Igloo Party, a Twitter competition to win tickets for the Igloo Party, in addition to the chance to win a trip to Snowboxx courtesy of Coors Light – now that’s refreshing!

  1. New Audience & Reach

Ensuring an event is reaching new audiences and providing unique experiences are key to growth and attendee retention. With a platform seemingly made for Rockstar who embody the spirit of music and adrenaline fueled activity, Snowboxx was able to benefit from the launch of the new Freeze product variety and the supporting campaign. Launching with striking point of sale creative across a number of key retailers both inside and outside of the UK, Rockstar offered customers the chance to win the ultimate VIP experiences at Snowboxx including accommodation, lift passes, flights and even onstage viewing during the acts. In addition to this Rockstar was onsite throughout the festival providing the added revival to all the attendees for the long slope days and late nights at the main stage.

  1. Customer Experience

In a unique development for winter festivals, Snowboxx 2016 introduced a festival village within the heart of Avoriaz in addition to hosting bars and clubs across the resort. Due to the sprawling site it was imperative that the customer experience wasn’t impaired by the cold or misdirection. As the official clothing partner of Snowboxx 2016 Dare2B wanted to align with the youthful winter sport market and be seen as the equipment of choice for the slopes. By providing the clothing for all onsite staff Dare2B had over 70 branded customer service reps roaming the resort.

  1. Retaining Momentum

Captivating an audience outside of the core entertainment schedule is a challenge not only restricted to the festival scene. Highlighting the periods of most downtime for attendees Jungfrau hosted activity from the Jungfrau Igloo atop the main festival site, to be the saviour for all those forgotten, hats, hip flasks and shot glasses. Through the festival Jungfrau provided refreshments throughout the down days with sampling whilst providing attendees with branded merchandise including glasses, bobble hats and the ‘piste’ de resistance, the Jungfrau branded shot ski’s revered by all the attendees’ onsite. This coupled with an engaging social team to support and interact with all captured content allowed Jungfrau and Snowboxx to connect with the attendees outside of the core entertainment times.

Results

Snowboxx 2016 was met with roaring acclaim from attendees, with one group describing it as “the best week of their lives” whilst on the final chair lift. No doubt with the increasing allocation of tickets next year the event is sure to sell out once again.

So much emphasis is focused on alternative revenue when right-holders initially look to secure sponsorship, rarely are the other benefits spoken of until this topic is exhausted. However when looking at the challenges or weaknesses in your own platform you can utilise sponsor expertise to help upgrade this thinking much below the initial surge in the bank balance.


How to Capitalise on Sponsorship 14th July, 2015

One of the most common mistakes brands make when entering sponsorship is expecting that by simply aligning their name and logo with a property the ROI will come. Many brands spend a great deal of time planning and selecting which sponsorship would be most beneficial for their business but once the deal has been signed, brands should focus their efforts into making sure they capitalise on the sponsorship.

Create your own noise

A key reason why brands are often unsuccessful in sponsorship is because they fail to capitalise on the opportunities afforded to them once the deal has been signed. Brands spend months analysing the assets of a property and at the point of the handshake it is then up to the brand to exhaust all assets available to them. Unfortunately, a common trend is that sponsors expect the rights holder to create the ‘noise’ during the partnership – this is not always the case. There is a responsibility on the rights holder to support as much as they can, but it is not the rights holders’ primary focus to truly create the impact. Communications of the brand to the audience should be collaborated on rather than isolated to create the best outcome.

Save budget for activation

Another common error is that sponsors spend the entirety of their budget on the sponsorship fee, leaving no additional budget for brand activation during the partnership, therefore brands are unable to capitalise on the opportunities available to them. In essence, the sponsorship fee is the price for rights to utilise the assets. As part of the planning phase sponsors should weigh up the potential costs involved in order to take advantage of the assets e.g. entertaining, promotional products and activation costs. Sponsors must take this into account before committing to any sponsorship or risk an ineffective investment.

Experiment and be creative

The majority of brands stick to what they know best. If a brand continues a one dimensional approach to sponsorship and fails to experiment with different properties and channels they will inevitably miss out on opportunities to progress and reach new audiences. Sponsors should always make use of every vehicle available to them. Through the use of analytics and measurement tools, brands can now assess their success post sponsorship better than ever – considering a property is only as good as its assets, a brands’ success alongside that property is only as good as their determination to make the best use out of the assets purchased.

Awards Programmes & Sponsorship: A Winning Combination 29th February, 2012

Awards programmes provide a unique opportunity to celebrate excellence across each and every area of a particular sector. Recognising those who are leading the way ensures the promotion of forward thinking, encouraging the overall progression of an industry.

In establishing a respected awards platform, an opportunity is naturally presented for organisations to sponsor the programme and be seen to support the leaders of their market place.

An association with those leading the way will always emphasise, and potentially enhance, an organisation’s reputation within their respective industry. Therefore awards platforms are often the first place to look when considering sponsorship opportunities, especially in the B2B arena.

Benefits of Awards Programme Sponsorship

  • Media institution association: Many major awards platforms are hosted by key publishers and media institutions within the industry e.g. Haymarket’s What Car? Car of the Year Awards, the most recognised awards programme within the UK automotive industry. Being recognised as the most respected publication for car reviews, the Car of the Year Awards was a natural progression in the acknowledgment of engineering innovation. Being the go-to brand for decision making on new car purchases, the awards not only provide the opportunity to partner with the automotive sector’s elite, but also allows for association with the authority on the industry.

  • Targeted sponsorship: Via category sponsorships, brands have the chance to associate with a specific area of the industry, whether it be a smaller brand aiming to gain brand awareness amongst the industry’s major players, or a larger organisation looking to highlight key performance areas. In doing so, brands also have the exclusive opportunity to network and establish a future relationship with both the winner and all shortlisted companies within their respective categories.

  • Networking: Award ceremonies provide the rare chance for all key brands within a particular market place to be in one place at the same time, therefore allowing for invaluable lobbying opportunities for all sponsors with the front runners of the industry.

Additional Revenue Streams

Although quite expensive to implement, awards platforms can prove to be a strong additional source of revenue when properly executed, offering an array of sponsorship assets and the opportunity for truly integrated partnerships. However, many organisers are yet to realise the full commercial potential of their awards programmes, simply sticking to the traditional revenue streams of ticket sales and basic sponsorship packages with partners only receiving the usual branding and standard PR presence around their involvement.

However, there are in fact a whole host of additional assets that can be added to the sponsorship offerings of an awards programme. The following are just a handful of ways in which value can be added:

  • Sponsored shortlist announcements: Being shortlisted for an award is still a major achievement and so the announcement is highly anticipated. This therefore presents an ideal opportunity for brands to get their name in the spotlight, as announcements are sure to be covered by all major industry media titles.

  • Ownership of on-site properties: In addition to headline and category sponsorships, there is the opportunity to break down the event by area e.g. VIP receptions and press lounges or even creating on-site brand experiences.

  • Luncheons: These events provide the opportunity to build hype leading up to the main event, whilst giving sponsors the chance to network with key awards stakeholders i.e. judges, comperes and major industry opinion formers.

  • Consumer promotions/competitions: Depending on the market place, sponsors can be given the opportunity to run sales promotions and competitions, presenting the opportunity for consumers to attend the awards and meet the stars of the industry.

  • Exclusive access: Awards shows are notoriously exclusive and sponsorship therefore provides the opportunity for brands to act as a gateway to exclusive content, including interviews, speeches, photos, performances and more.

With brands now adopting a much more integrated approach to sponsorship, it is crucial for rights holders to fully evaluate the assets offered to sponsors and allow brands to maximise their involvement with the platform as well as provide sufficient marketing channels for them to communicate their sponsorship activity.

By introducing new and innovative ways for brands to activate their association with an awards programme, the sponsorship can be developed from association with a single event to a year-round partnership, adding significant value at minimal expense either the rights holder or the brand.

Experiential: 3 Ways to Maximise Your Assets 20th January, 2012

With the London 2012 Olympics fast approaching we are due an influx of experiential campaigns in 2012. With headline sponsors of P&G, Coke and McDonald’s taking the majority of the London 2012 marketing opportunities – both in sponsorship as well as ramped up advertising campaigns, other brands will be engaging in shorter term experiential marketing to capitalise on this once in a lifetime opportunity.

Experiential marketing at its basics is a live brand marketing campaign allowing consumers to experience the product through their senses.  It occurs in real time and is a two way communication between the brand and consumer – creating a lasting connection with the brand, which is then amplified through other marketing channels. Experiential activation offers a great way to showcase a brand’s products, or simply demonstrate what the company can offer with immediate feedback.  Some examples of experiential campaigns we’ve run include Tracker’s Photo Booth for the What Car Awards 2012 and the EA Sports’ Game Hub at the London Irish Rugby Club’s St. Patricks Day Party.

Maximising Assets for Experiential Sponsorship Campaigns

1) Brand Positioning

With immediate feedback, experiential activities first need to ensure their audience is the right audience to be receiving feedback from.  Ensure that you are very clear who the target audience is first and then decide how best to reach them and more importantly where to reach them.

Being relevant to the right consumers will provide both the correct feedback, but also will enable you to drive the communications further through additional marketing campaigns.

2) Engagement is Essential

You have to be engaging in activity consumers can relate to and want to engage with. The message and positioning should be clear and concise ensuring cut through.  Providing people an experience that is on brand for the experiential activation, on brand for the company and also on brand for the sponsorship platform will create a cohesive message with all parties building resonance with the audience.

3) Make it Last

Even if your experiential activity is a one-off campaign, ensure you are making the most of it and that you have resources to support this.  If the objective is to create a viral campaign through the experiential activity, do not forget to include a social strategy that will drive this communication forward through user networks and your own company network through user generated content, videos, competitions, etc.

Price Follows Prestige: Brand Asset Valuations 22nd September, 2011

Do you know how much your sponsorship proposal is truly worth?  We do.

One of the key causes of poor sponsorship sales is over-priced fees. This is often down to a methodology which focuses on covering the production costs of a property, rather than looking into the actual market value of the assets offered. Although making a property available for sponsorship can be a lucrative revenue stream, key factors such as the quality and quantity of rights and benefits, establishment of the property and brand exposure are all highly influential in determining the degree of investment a sponsor will be willing to make for association.

Therefore despite an event potentially carrying high production and running costs, rights holders need to be realistic ensuring that sponsorship fees rise in correlation with the calibre of the assets offered. The concept of price following prestige can also be seen by other rights holders within their respective industries, such as a start-up magazine, with the initial focus on publishing quality content and building circulation figures in order to then attract advertising revenue.

In order to create a fair and realistically priced sponsorship proposal, each of the following factors need to be taken into account:

Tangible Assets

These are benefits of a sponsorship package that can be measured and in turn given a specific monetary value, including such factors as signage, media collateral and tickets. Tangible assets are useful in giving the sponsor a direct insight into where a percentage of their investment will be spent.

Intangible Assets

These are qualitative factors that cannot be given an exact value but are also of significant benefit to the sponsor, such as audience engagement, branding prominence, property establishment etc. Intangible assets can only be measured by the opinion of the audience and therefore their value will alter from person to person, depending on perception. However, by conducting research such as surveys, which offer structured and quantitative feedback, a qualitative benefit can be given an estimated market worth.

Exposure and Reach

Whether a brand is looking to reinforce or alter its image via association with a sponsorship platform, this will only be worthwhile if a sizeable audience is going to be reached. Therefore the PR reach and geographical exposure of a brand’s association is a key factor in determining the overall value of a sponsorship package.

Lead-time

Approaching prospective sponsorship leads can be a time intensive process and therefore properties with short lead times (from commencing of sales approaches to execution) should be prepared to lower their fees if wanting to secure any sponsor investment at all. Corporate sponsorship responsibles have a strong knowledge of the properties within their market along with the value of the assets offered. Therefore by reducing fees, companies will be much more likely to invest when presented with a good deal, much more so than paying full price for something that they know the rights holder is in fact desperate to sell.

How can a sponsorship agency help?

Hiring an agency will bring experience and expertise in the area of optimising and valuating existing brand assets as well as discovering new beneficial aspects of a property that the rights holder may not have even thought of. With unjustifiable valuations being one of the key reasons behind unsuccessful sponsorship sales, an agency will help improve a rights holder’s understanding of the assets they are selling plus create additional benefits to offer, instilling confidence in the salesperson whilst providing a significantly more attractive proposition for prospective sponsors to invest in.

For further information on how Slingshot can provide professional advice on brand asset valuations, plus additional insight into your sponsorship potential, see the Slingshot Sponsorship Boot Camp.

Do Social Media Benefits Really Benefit Sponsors? 15th September, 2011

Social media has not only changed the way an audience can interact with a sponsorship property, but also with how they can interact with the sponsors of that property and vice versa.  Without fully understanding social media for the organisation in question, it would be impossible to try and deliver value to a sponsor associated.

Here are some top tips and questions to ask yourself before you consider integrating sponsorship benefits within your sponsorship proposal.

Do You Have an Online Audience?

Many sponsorship proposals include social media activation with their audience for prospective sponsors; however, this is typically even before they’ve even set up the account.  Many rights owners do not realise that it can take a significant amount of resource to develop and manage social networks so make time to do your research before you promise brands something you aren’t able to deliver at the point of signing the contract.

The benefit of social media is that it is instantaneous, but if you haven’t developed your social network before you offer the rights over to a sponsor, you aren’t offering much of anything.

Is Your Social Network Engaged?

Once you’ve built your social network, you need to ensure that the users are engaged with your content.  If you don’t have an engaged audience then there is no benefit to a sponsor of your property because their message will be falling on deaf ears.

5 Tips to Creating Engaging Content:

  1. Be relevant
  2. Provide insight
  3. Offer competitions or money-can’t buy benefits for engaging with you
  4. Provide exclusive content they can’t find anywhere else
  5. If possible, try to be genuinely funny

Does Your Social Network Want to Hear From Your Sponsors?

Your network is important and needs to be treated with care.  Do not sign them up and then bombard them with messages that they do not want to hear.  This rings true for any and all communication, but especially with social media as it far easier to individuals to block messages online than it is through the post.

Make sure to listen to your audience and provide them content that they find valuable.  As long as your sponsor’s messages fall in line with these guidelines you can ensure that you are truly delivering the benefits you are offering.

To connect with Slingshot’s social networks sign up to our Blog or follow us on Facebook and Twitter.

What Can I Sell? Top 5 Tips to Uncover Sponsorship Assets 10th August, 2011

We have been doing a lot of Slingshot Sponsorship Boot Camps recently to gear up for the start of September.  As such, I thought I’d start a blog series following what we discuss and some tips to think about when constructing your own sponsorship proposals.

Assets are typically a problem area for rights holders.  Being submersed in their own product, sometimes it’s difficult to uncover something that you see on a daily basis, so these top tips and questions should help you uncover opportunities you haven’t thought of yet!

1.  What communication tools do I have?

Although I am not a fan of badging (plastering logos on any and everything you have), communication to your audience is what the sponsor is after so you need to look at all opportunities to integrate sponsors within those communications, although bearing in mind that engaging communications are better than logos.  Communication can include everything from:

  • Email newsletters (to read more on how, check out my blog post on the DMA Email Blog: Email Sponsorship: How to do it and why?)
  • Printed communications
  • Promotional advertisements
  • Online display
  • Events

2.  Who are your super stars?

Do you have anyone within your company or anyone your company works with that could potentially be an asset to a brand?  If so, and they are willing, you could work with these leaders to provide benefits to your sponsor by speaking at their events or promoting their brand.  Some ideas of unusual super stars could be:

  • Talent or brand ambassadors
  • Politicians
  • Highly successful CEOs who could act as mentors/speakers
  • Musicians/artists

3.  Social media

If you are using social media and have a regular engagement with your audience, this is a great platform for brands to run competitions or promotions.  Typically the audience is younger and more technology friendly so keep the audience in mind when including social media assets within your sponsorship offering.  Social media is a great way for you to add value to a sponsor without much cost, but don’t underestimate the importance of having a ‘working’ social network.  Just tweeting or posting competitions is not enough – you must have a social media strategy which is engaging, both for your property and also for your sponsors.  More about how to integrate sponsorship with social media, read my guest blog post on Content and Motion’s Blog Social Media & Sponsorship: Can Facebook & YouTube Ever Become Co-brandable Assets for Brands?

4.  Partnerships: are there other partnerships that you can leverage for your sponsors?

Media partnerships can be great opportunities to provide content for promotion.  When this works well and everyone is working together these partnerships can be extremely successful.  Integrating these opportunities for your sponsors can add significant value and should be considered, especially if your property does not yet have a large audience.

5.  Extras

Any additional events that you could include, not only add value to the sponsor, but also to your property.  Extras can include providing a Sponsors Lunch or Sponsor’s VIP Reception.  These types of events allow sponsors to network with each other and often uncover other partnership opportunities that can be built around your property through brainstorming synergies.  Especially if these extra events are timed so they coincide with a lull in your marketing schedule, they provide an added opportunity for you to continue building your relationship with your sponsor throughout the year.