Jackie Fast named as Entrepreneur of the Week 5th May, 2016

Jackie Fast has been announced Entrepreneur of the Week by The Budding Entrepreneur Magazine.

Jackie was interviewed for The Budding Entrepreneur Magazine, you can read the interview below:

Tell us about you and the business
Slingshot creates revenue for organisations through the process of transforming those organisations into viable marketing platforms for brands. Basically we get sponsors for events, online platforms, television, associations, celebrities and charities. Launched on the premise that sponsorship can do more than just brand awareness through logo badging, we uncover the true value and business synergies that deliver significant ROI for all parties involved. This approach is based on business value – we are essentially commercial experts for organisations wanting to grow.

How are you helping start-ups?
Almost 70% of our Bootcamps are with start-up businesses as creating a robust sponsorship strategy is vital to not only their ambitious growth plans, but tends to also be the only way the Founders can earn a salary.
We also have a quarterly training module with General Assembly, which is specific to the tech start up community. Many tech start-ups secure VC funding at product development stage; however, when they go to launch it – funds have dried out, so we teach tech start-ups (and VC fund managers) how to utilise sponsorship techniques to reach users critical mass for awareness (and sales).

Have you always wanted to be an entrepreneur?
I’ve always been an entrepreneur, but I’m not sure I always wanted to be one (or really understood what one was) at a young age. I like executing ideas – in often controversial ways, so being my own boss is typically the easiest way to do this.

Where did the idea come from?
I’ve been known as a financial fixer in my previous roles – I find solutions to money problems using creative commercial strategies. It was a very simple step to go from that into sponsorship.

Do you have a business role model?
I don’t have a particular business role model, but I admire people who don’t take no for an answer and who aren’t worried about what other people think. I’m also a huge fan of Harriet Green as she cold called her last employer (Thomas Cook). I love anyone who cold calls a Chairman of a company outlining why things could be done better.

What were you doing before you started?
I initiated and led the first sponsorship division of the Direct Marketing Association in the UK.

What has been your biggest challenge so far?
Hiring the right people for business growth. Our people are so vital to our business and so it’s so important to work with the right ones. However, it can also be a challenging job with a lot of pressure – and it’s been a learning experience trying to identify the right types of people who can be successful in this environment.

What has been the biggest breakthrough?
Learning that the emotions in business come in cycles – and everyone goes through hard times, but the important thing is to keep your vision and keep a smile on your face.

Do you think there is enough entrepreneurship taught in the education system?
I actually think there is a lot of entrepreneurship education everywhere (including the education system); however, most of the time it’s has little awareness with actual budding entrepreneurs. I think we could do more to promote the available opportunities.

What are your plans for this year?
Slingshot have been actively opening our horizons globally – with projects already in India, Africa, and Asia this year alone, we are hoping to build our presence in these new markets.

Where do you see yourself in five years’ time?
With a great team working on excellent partnership opportunities with brands you haven’t heard of yet.


Slingshot heads to India 7th April, 2016

Slingshot Sponsorship are heading to India later this month to work with IDBI Federal Life Insurance, one of India’s fastest growing life insurance companies.

Slingshot’s remit is to help build sponsorship strategy into the marketing team at IDBI Federal and support the team in their role to maximise the potential of their current and any future sponsorship investments.

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, said:
“As a growing organisation operating in a highly competitive marketplace, it’s important for us to have a differentiated marketing approach. In the last couple of months we have taken important steps to boost our brand building efforts using sponsorships and experiential marketing initiatives. We’re eager to work with Jackie and the team at Slingshot to help us to further derive the long term value of our brand and brand associations. We know that bringing practical implementation solutions to our sponsorships will result in increased benefits to our customers which we’re always striving to deliver.”

Jackie Fast, MD of Slingshot explains; “We’re looking forward to working with IDBI Federal and helping them leverage their sponsorship assets further than typical logo badging. It’s also very exciting for us to be working with firms in India as expanding our client portfolio within the World’s largest democracy is a central element to our global growth strategy.”


Will brands click play on creating an e-athlete megastar in 2016? 23rd February, 2016

E-Sports are fast becoming more popular as both a competitor and spectator sport in the West, with Wembley Arena playing host to large events such as League of Legends and a dedicated e-gaming space currently being developed in Fulham.

Despite numerous stalwarts’ draconian views and attempts to undermine the credibility of the platform, veteran e-sports journalist Rod Breslau commented in a VICE interview that it continues to surpass expectations in revenue and attention. A once tight knit community now draws in hundreds of thousands of attendees to events (surpassing many traditional sporting contests), eager to see their team take home cash prizes to $18million (The International 2015).

Already USA and Korea have ‘appointed’ superstar players (Faker, NadeShot), with the success of KSI (he would be the first to point out he is not a ‘gamer’) in the UK when will mainstream brands see the e-sports as a credible, substantial marketing platform? Red Bull were the first major brand to act signing Dave ‘Walshy’ Walsh in 2006 however relatively few brands have followed. Venturing outside traditional endorsements to capitalise on the expanse of the platform, Red Bull developed training labs focusing on nurturing and developing the e-sports athletes of the future, cementing their position and long term commitment in the sport.

E-sports is growing in size year on year with significant growth expected in 2016. The platform is already producing talent, major events and games which are capable of building and capturing a loyal fan base of elusive millennials. These can be reached through numerous, non-traditional channels including online streams and development YouTube channels, to note Matt ‘NadeShot’ Haag has over one million YouTube subscribers who follow his daily gaming sessions.

Yet Europe has yet to find their e-sports star on the same pedestal as their Asian counterparts such as Sang-Hyeok Lee, who is constantly in discussions with native Chinese companies interested in partnering.

There are a number of parallels with the growth of sports marketing in the 1970’s and the e-gaming platform of today with brands viewing the platform with trepidation as opposed to optimism. Brands should look towards e-sports as an exciting platform to engage with their market using all of the crucial buzz words of content and media coverage of the industry today (in 2014 over 70 million hours of content was captured from League of Legends online, with the BBC streaming the 2015 contest live on their IPlayer and Sport platforms).

2016 is set to be a monumental year for the growth of the e-sports industry, with tournament prize pools reaching up to $20 million and huge strides pending in the Western market.  With new launches of multiplayer sensations (such as Overwatch, Battleborn) sponsors will have the ability to engage in real-time with the audience something which is rarely achieved through traditional sporting means.

For those brands who position themselves as ground-breakers E-sports offers the perfect challenge. The only question is, who will click play?


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.


Slingshot Sponsorship’s Very Own Jackie Fast Has Been Shortlisted For Small Business Entrepreneur Of The Year 26th October, 2015

Slingshot Sponsorship’s MD Jackie Fast has been shortlisted for a GB Entrepreneur Award after she was recognised at last year’s event for her success and achievements within the sponsorship industry.

Having started the company from her bedroom 5 years ago, Jackie has rapidly grown the agency to open three international offices, working with the world’s biggest clients. By focussing on a diverse clientele base, Jackie is pioneering the current development of sponsorship.

The Great British Entrepreneur Awards is the benchmark for entrepreneurial success, designed to celebrate the contribution of entrepreneurs to the UK economy. The awards seek to acknowledge and honour the individual, not the business, and in Jackie’s case; her hard work, creativity and energy she has drove into the creation of Slingshot Sponsorship.

Jackie stated; “I am delighted to be nominated for this award. The event itself celebrates entrepreneurship in the UK, which I am particularly proud to be associated with.”

The entrepreneur who wins Small Business Entrepreneur of the Year will have examples that show their resilience and fortitude in overcoming obstacles and difficulties to ensure a secure and growing success.

The GB Entrepreneur Awards will take place on 25th November at The Ballroom, Southbank.


Forbes Speaks to Slingshot Sponsorship MD Jackie Fast on her mission in the industry 22nd October, 2015

Forbes recently caught up with Slingshot Sponsorship’s MD Jackie Fast to discuss her journey through the sponsorship industry to date.  Insight on how to break into the sponsorship industry, what drives entrepreneurs, and how changing the model has helped to drive Slingshot’s client successes.

Read the full article on Forbes here.


Slingshot Sponsorship’s MD Jackie Fast Expands Training Sessions to Singapore 22nd September, 2015

Slingshot Sponsorship’s MD Jackie Fast will be presenting a two day training course in Singapore on November 30th and December 1st with Marcus Evans. 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.

With the increase of digital and technology, a seismic shift has been created in the way consumers engage in the world around them – and this has a significant impact on brands and how brands utilise sponsorship to engage with their target audiences. Industry challenges can be addressed and deals done with a better understanding of sponsorship effectiveness than ever before.

Slingshot Sponsorship has successfully been a driving force within this new framework of sponsorship and this two day course will outline why traditional sponsorship practices no longer work in today’s industry. Slingshot will help you discover ground-breaking partnerships big or small, noble or novel, which are punching above their weight and measurably building businesses, brands and communities.

Key takeaways from the event will include:

  1. The New Benchmark: Why Are You Playing By Old Rules?
  2. Meaningful Marketing Mix: The New Heart of Corporation or Non-Profit Partnership
  3. Finding the Right Fit for Sponsorship: The Right Property to Maximise your Sponsorship Investment
  4. Captivating Ways to Create Values in Sponsorship
  5. Sponsorship Sales Contribution: Dynamically Embrace Reliable Results

Jackie Fast commented, “I am extremely thrilled to be coming to Singapore to present our agency’s framework for sustainable sponsorship for both rights holders and brands.  With an office in Singapore, we can help provide further support for our delegates in the long term so I am delighted to be able engage with the Singapore sponsorship industry.”

Be a part with other forward-thinking leaders to find new and emerging practices, insights and anecdotal sharing for succeeding in an industry where the only certainty is change.

To book your place please click here. 

 


When Doping Delivers – US Postal Service & Lance Armstrong 12th August, 2015

Following the fallout from the recent athletics doping scandal brought to the fore by The Times & German broadcaster ARD last week, this is an opportune time to look at one of the biggest and divisive scandals in sport. The continuing battle between Lance Armstrong and one of his prime sponsors, the US Postal Service.

The US Postal Service was a long term sponsor of Lance Armstrong’s cycling team, partnering from 1998 to the 2004 season. The US Postal Service paid $40 million in rights fees across the 6 year term with around $18 million received by Armstrong himself.

In the wake of Lance Armstrong’s sensational doping confession in 2013 the US Government are seeking damages of over $100 million under the False Claims Act as it was sold on the notion Armstrong competed as a ‘clean’ rider. In the blog Enter at Your Own Peril, Slingshot Sponsorship previously explored the facets that affect a sponsor when the rights holder is involved in controversy, however the current case has highlighted another valuable point of discussion.

The interesting development within the Armstrong vs. U.S.P.S. case is the comment from Armstrong’s legal team that the US Postal Service “got exactly what it bargained for, including tens of millions of dollars’ worth of publicity, exposure to more than 30 million spectators at international cycling events, and hundreds of hours of television coverage”.

Herein lies an interesting argument. The US Postal Service did indeed ‘get what it paid for’ with studies stating it received at least $139 million in worldwide brand exposure in four years. Bolstering this, in a document for a 2003 Postal Service news conference the Postal Service described the sponsorship as “may be one of the most effective public relations ventures the Postal Service, and for that matter, any other global service agency, has ever undertaken”.

The argument posed by the defending council is during the sponsorship of the team the US Postal Service reached its objective of overhauling the stereotypes of the postal workers, increasing brand exposure and driving sales and that the current revelations had no hand in the effectiveness of that partnership.

If the US Postal Service reached its outlined goals it would seem contrived to seek fiscal compensation over a decade after the sponsorship ended. With the battle still rumbling on in the courts only time will tell what the Federal Judge will decide.


Identifying Potential in the Barclays Premier League’s Transfer Window 26th November, 2014

It’s not even December and the rumour mill is in full flow regarding the opening of the Barclays Premier League’s January transfer window. Already dominating football-related conversations in pubs and bars across the UK, can we take a leaf out of our American counterparts’ book and capitalise on this excitement?  

Football is right at the epicentre of British culture. With revenue reaching €3 billion last year in the UK alone, it comes as no surprise that brands have attached themselves to every perceived point of value, from stadium naming rights to TV ad spots.

The Potential

With speculation rising as to how teams are aiming to strengthen through the mid-season transfer window, it seems an apt time to discuss the potential of the transfer market as a whole. As of the launch of Sky Sports News HQ in August this year, ‘Deadline Day’ is gaining traction and fast becoming a staple in the diets of football fans across the UK. As we saw last autumn, the transfer window offers a unique opportunity for brands to both reach and engage with their core audience in the off-season.

Furthermore, transfer deadline day is impossible to miss on social media. This year, Radamel Falcao’s switch from Monaco to Manchester United sparked a surge on Twitter with his name being mentioned over 1.6 million times before the window had even closed. Above all else, this clearly demonstrates the active participation of viewers.

The market is growing too, in just the last decade, due to the influx of wealthy overseas owners, English clubs have increased their spending in the transfer market from a combined £265million to £835million.

One of the challenges that we face is that in its current form, transfer deadline day is actually pretty dull; moments of excitement are surrounded with hours of ‘dead time’ and speculation. Whilst advertisers are aware of the increased interest on news outlets on deadline day, as yet none have been bold enough to do more than pay a premium for advertising space.

It’s Not Impossible

The NFL – America’s most watched sport on TV, and one that is making real progress in terms of successfully opening a London-based franchise, has proved that the transfer market is an area that holds great potential for the sponsorship industry. Their incredibly strong commercial strategy has contributed to their increasing success in the UK, having sold out Wembley for the Dallas Cowboys vs Jacksonville Jaguars game earlier this month.

Bud Light signed on as the official beer of the NFL in 2011 and has since adopted the NFL draft (a once-a-year event in which NFL teams select eligible college football players to add to their rosters) as a core aspect of their strategy. According to Mike Sundet, senior director at Bud Light, “the NFL Draft has become an unofficial holiday for fans – something they begin looking forward to almost as soon as the previous season ends.”

This year Bud Light is offering 32 fans, one representing each NFL team, an opportunity to be directly involved in the second-round draft, aired live on primetime US TV. Bud Light not only provides a channel for fans to directly connect and interact with their favourite teams, but also engages with fans increasing both brand advocacy and awareness.

The Opportunity

If a brand were to take total ownership of transfer deadline day with a clear strategy on how best to exploit the vast interest from the fan-base, there are huge potential gains for both the brand and the English Football Leagues.

If cooperation from the Premier League Football Association and Sky Sports could be secured, the space would be a blank canvas for a brand to create something both memorable and incredibly effective. The only part of the equation missing is the brand that’s willing to think outside of the perceived limits of the existing area.