Tag: rights holder

Slingshot to run bootcamp in Oslo 7th July, 2016

Slingshot Sponsorship’s MD Jackie Fast will be presenting a one-day sponsorship bootcamp in Oslo on August 26th 2016 hosted by our friends at ANFO Oslo. This is a unique chance to hear from one of the industry’s leading experts on how to successfully secure sponsorship in today’s landscape.
Slingshot Sponsorship’s aim is to help you grow your company through sponsorship programs that create priceless opportunities to consumers and incorporate motivating factors to drive brands investing in sponsorship.

Slingshot Sponsorship has successfully been running sessions to help rights holders increase sponsorship revenue and improve relationships with existing sponsors. To date, Slingshot have hosted over 400 rights holders at sessions run across the world.
The aim of the bootcamp is to help you discover ground-breaking partnerships big or small, which punch above their weight and measurably build your businesses and your sponsor brands.

Key takeaways from the event will include:
1. Current sponsorship practices & how the industry has changed
2. How to create the right sponsorship proposal – including communications strategy planning, audience development & commercialising your social media
3. Understanding your competition, and therefore your USP in the market – including creation of assets, understanding how brands value your opportunity & pricing your package
4. Sales technique & how to close the deal

Jackie Fast commented, “I am looking forward to coming to Oslo to present our agency’s framework for sustainable sponsorship. With an office in Oslo we can help provide further support for our delegates in the long term so I am delighted to be able engage with the Norwegian sponsorship industry.”

Join other forward-thinking leaders to find new and emerging practices and insights to grow your business and sponsorship revenue in an industry where the only certainty is change.

To book your place please click here.

What Car? Win Excellence Award with the help of Slingshot Sponsorship 16th February, 2016

What Car? was awarded the Rights Holder Achievement Award at the prestigious European Sponsorship Association Awards held at Café de Paris in London.
Overcoming strong competition from around Europe, What Car? impressed the judging panel after turning around dwindling interest from sponsors in their flagship event and bringing numerous new sponsors on board.
In 2011 the What Car Awards only had one sponsor which signalled the lowest event revenue in its 36-year history, at this point they enlisted the help of Slingshot Sponsorship to overhaul the commercial strategy and attract new sponsors.
Four years later, the first sponsor Slingshot brought on board in 2012 are still sponsors today, despite signing one-year contracts each year. What Car Awards and Slingshot Sponsorship have achieved this by creating the right partnership for each sponsor, delivering results year in year out – ensuring the delivery of truly sustainable sponsorship.
Jackie Fast, MD of Slingshot Sponsorship commented; “We are really proud of our work with the What Car? Awards who were actually Slingshot’s first ever client, the Awards are a fabulous event which now has the sponsor partners it deserves.
Slingshot are unique in the fact that we exclusively specialise in sponsorship sales – particularly how to creatively build a commercial proposition. This award win (one of many for this client) supports how our innovative approach significantly impacts our client’s bottom line for the long term without compromising the culture and personality of the event. We are thrilled!”

To find out more about the What Car? Awards please click here.
To read the Slingshot case study on What Car please click here.
To find out more about Slingshot Sponsorship please click here.
To see more news from the ESA Excellence Awards 2015 please click here.

Billetto joins with Slingshot Sponsorship to develop digital sponsorship for event owners 27th January, 2016

Billetto, the ticketing platform has joined forces with Slingshot Sponsorship to develop an innovative activation platform for its event owners to connect with their fans.

The rich data Billetto has on each of its attendees is much sought-after by event owners wanting to engage with specific audiences based on lifestyle segmentation and with access to over 35,000 events across the UK, and an active email database of 250,000, the pickings are ripe for Billetto’s partner brands.

With access never before available with such ease, brands will now be able to hone into very niche audiences using demographics in addition to interest segments such as culture, music, sport and creative.
“Our USP as a data provider is that we can offer a model where the client only pays for the specific data they need, so if they are targeting a very small audience of 35-44 year-old foodies within a certain European region, they would only pay for the reach we could deliver,” explains Morten Jensen, Partner at Billetto.

Jackie Fast, MD of Slingshot Sponsorship says, “The potential of this is enormous and helps bridge the gap between online and onsite engagement. By working with rich data, we can segment campaigns and messages with minimal cost and resource. Equally there is the capability to create extremely widespread campaigns and develop continuity with the same consumer – regardless of which music festival or event they attend. It marks a shift in the way that brands and rights holders can operate in the sponsorship industry.”

To find out more about how your brand could utilise Billetto customer data to engage meaningfully with your target audience online, please contact Andrew Selby from Slingshot Sponsorship:
E: [email protected]
T: +44 (0)207 226 5052

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.

The Sponsorship Selfie 1st May, 2014

With June just round the corner, there has been time for a bit of light reflection about what 2014 has served up so far, and what a bizarre year it’s been. The list already includes conflict, flooding, missing planes, #moyesout, little Georgie, twerking and last but certainly not least, ‘the selfie’!

However lauded the ‘selfie’ might be, it can offer quite a good starting point for rights holders looking to gain sponsorship. Such introspection should be the first port of call when beginning the process of sourcing sponsorship, rather than the immediate ‘show me the money’ approach.

Making sure you know what you want to look like before your sponsorship selfie is essential; therefore, forming goals and objectives in order to create a pre-determined strategy will be key. So, how is this broken down – what should rights holders be concentrating on?

Engagement

Engagement is the acid test for any successful sponsorship. Making sure that sponsors are engaging with your audience and increasing the customer experience is essential; logo placement is never enough. This also helps drive other factors such as footfall, PR and unlocking extra assets within your platform. In recent years, O2 have been pioneers in engagement, using it to reduce churn and increase customer loyalty. This was subsequently achieved through priority moments, which amongst many things, offered fans a catalogue of benefits for being an O2 customer.

Added value

Sponsor activation and brand presence, if used strategically, should add value to your property. This has to be done with the brand image and objectives in mind, making sure that there is an authentic fit and your integrity is not challenged. Over the past twelve months integrated stadiums have been a hot topic; none showcase this more poignantly than the rise in Cisco’s investment. This activation fulfils a number of objectives, and ultimately allows the stadium to generate more revenue by offering mobile purchasing of refreshments, and the initial costs are offset by an exchange of assets in return.

Credibility

Having the endorsement from a big brand can revolutionise a rights holder’s public image, and provide the credibility needed to stand in an ever cluttered market place. British Airways’ new partnership with the Rooftop Film Club has done just this; an underground and relatively unknown rights holder has the backing of partner who will add kudos and an air of reputability (watch this space for 2014).

Not being blinded by the money is key to utilising any partnership to the full; a truly successful sponsorship deal must comprise all of the benefits above. However, going against the true spirit of the selfie – try not to be vain, consider the ugly duckling partnership. By broadening your horizons and keeping an eye out for the unlikely partnership, like ‘Good Earth Teas’ have formed with music supremo EMI, can launch something new – which is what partnerships are for, right?

Can too many Sponsors Dilute a Rights-Holder’s Brand? 22nd August, 2013

In sports leagues around the world, success on the field is ultimately driven by commercial revenue. As a consequence, their response has been to bring in sponsors to help facilitate the gap in funding. But this growing emphasis upon sponsorship has left many people asking – are too many sponsors diluting the right-holder’s brand?

Sponsors make the brand more vibrant

When discussing the ever increasing number of sponsors in sport, it would be hard not to mention Manchester United, having just signed another spread of partners across the globe. The club has recently signed the Indonesian tyre producer bringing the club’s sponsorship total to 33. It begs to ask the question – are these sponsors devaluing the Manchester United brand?

Jonathan Rigby CM for MU, has rejected that the club has anywhere near reached its limit. He states that by implementing a local model amongst the 77 countries they have sponsors in currently, they are appealing to each fan individually, making the brand more vibrant and producing a follow on effect which will ultimately benefit all sponsors involved.

This certainly seems to be the case when you look at their operating profit, which has increased this year by 13.7%. The club has also just signed a new shirt deal worth nearly £500 million over 8 years, increasing their commercial sponsorship revenue to £118 million annually.

More value lies in fewer partners

In comparison, Juventus believe going the other way is more rewarding. The club believes that having valuable relationships with fewer brands will bring you more credibility amongst your following, and as a result will lead to greater financial weight behind the deals. This is the case for Jeep who is currently their headline sponsor, and one of 15 corporate partners. In a public image driven market, and where it is only public interest which governs your reach; keeping it close to home can be seen as vital.

It’s the end product that matters

Brands enter into sponsorship for a multitude of reasons, but generally speaking, brands sponsor rights-holders for the audience, exposure, association and to fulfill their own brand objectives. For rights-holders, one of the main things they rely upon, aside from funding, is the fans/ their audience. As a platform, sponsorship allows both the rights-holder and brand to connect to their audience in a wholly tailored way.

The focus, therefore, shouldn’t be based on the amount of sponsors, but upon the end product – what the partnership has created for the fan, the overall experience and the club. MU’s model works because it has such a wide fan base and global sponsorship platform that allows them to associate with their following in all corners of the world. Juventus, on the other hand, has had success through its emphasis upon a few partners that have a strong affiliation to the club, keeping it close to home allows them to stay true to both the sponsor and the rights-holder’s objectives.

The Outcome

So long as the sponsorship is delivered and is aligned to the brand’s objectives and these objectives align with those of the rights-holder, the end product should ultimately benefit both club and sponsor. Dilution of the brand will come when parties lose sight of their overall objective.

Driving the Future of the Sponsorship Industry – ESA Appoints one of its Youngest ever Board Directors 29th May, 2013

Jackie Fast, Managing Director, Slingshot Sponsorship, was announced this morning as one of the youngest ever individuals to be elected as a Board Director of the European Sponsorship Association. Jackie will now sit alongside fourteen other Directors; setting the standard for the sponsorship industry for coming years.

In the wake of the success of this year’s ESA Sponsorship Summit, which addressed significant shifts within the industry, ESA is set to further develop itself alongside its new Board Directors. Jackie’s appointment highlights ESA’s continued drive to enhance the industry – seeking to challenge the ethos and make significant contribition to its progression.

ESA was formed ten years ago with the premise to unify, strengthen and advance the business of sponsorship throughout Europe. The industry itself, once predominantly focused upon sport and large corporates, has profoundly shifted in this time. The body’s appointment of Jackie Fast to the Board conveys its recognition of the changing market, and the need for the industry to adapt with it – further promoting its role to inspire and innovate.

With the sponsorship industry worth €26.5 billion, the European Sponsorship Association will have a vital role in its growth and development into the future. The key issues identified by ESA include:

Proving Sponsorship’s Business Value
Providing value to members
Creating stronger links with brands and rights holders
Technology – the way in which sponsorship can best icnorporate its benefits
Thought-leadership

Jackie commented, “It is an honour to have been elected to the Board of ESA. I have admired ESA as an organisation since its creation; to have the opportunity to develop and contribute to its decision making process is a humbling prospect for me. I am looking forward to really developing ESA into a body that is not only vital and leading the entire sponsorship industry, but reflective and influential in the marketing industry.”

At the age of only 29, Jackie is forging a path for aspiring young sponsorship professionals to follow.

Leverage vs. Rights: The Evolution of Sponsorship Spend 19th July, 2012

A weekend showcasing two of this year’s biggest boxing showdowns has prompted a blog looking further into sponsorship’s very own rights holder rivalry: the niche underdog versus the undisputed mass appeal property.

As sponsorship history goes, the large-scale established property has always been the primary choice for bigger brands to use as a marketing platform with such rights holders offering more exposure, better hospitality and a more expansive opportunity for activation than the smaller properties out there. However, brands are beginning to adopt a new approach by increasingly taking the power in their own hands via focusing investment towards leverage. No brand has received more success in this area of marketing than Red Bull. By taking ownership of smaller, less mainstream, properties from breakdancing to cliff-diving, the energy drink has been able to take control of brand messaging; completely tailoring their sponsorship, and the property, towards the values of their target demographic. With such success in publicising their presence within the actions sports arena, the brand has even gone one step further with the creation of Red Bull Media House, a platform allowing for extended communication of exclusive Red Bull content across TV, mobile, digital and print.

Where once it was a typical Haye vs. Chisora situation, where all bets and confidence were placed within the bigger name, brands are opening up to the concept of taking the side of the underdog, using their own financial and marketing resources to aggressively infiltrate the market, creating a more Garcia vs. Khan type scenario.

Despite 22% of global sponsors only investing in pure sponsorship rights with no leverage, the ratio of activation investment compared to rights currently stands at an all-time high of 1.7:1. So what is the reasoning behind brands shifting investment towards leveraging their sponsorships? Quite simply, when executed properly, activation spend is inextricably linked to return on investment. The more relevant a brand can make itself to an audience’s personal interests, the more likely the audience is going to buy into the concept. By working its way into the lifestyle fabric of a key demographic, a brand will naturally become the preferred choice among the numerous options available to the consumer.

As an energy drink, Red Bull has created a brand image that personifies stimulation and rebellion, pushing the boundaries in everything they do and showcasing the product’s core function on a truly emotional level. This innovative approach has in turn ensured that the original energy drink has continued to dominate the market, with competitors from Monster to Relentless all playing catch-up to Red Bull’s 42% market share – a true testament to the benefits of sponsorship leverage.

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