the 10 commandments of event sponsorship by florin itu
TRANSCRIPT
Is sponsorship relevant for your brand?
Will sponsorship help you achieve your brand objectives? WHAT do you want to achieve? HOW do you want to achieve it? Within WHICH budget can you operate?
Be proactive, not just reactive. Allocate upfront a budget that will ensure you a relevant presence in the live entertainment field
1st Commandment: Determine your position vs. sponsorship
Don’t sponsor the events that YOU like, but the ones that YOUR TARGET likes.
Does a particular event fit your brand values / communication strategy and can be integrated in your marketing plan?
Does this event makes you stand out of the crowd?
2nd Commandment: Select the right event
Beware of events with potential damaging effect for your brand image!!!
Understand the effects of the sponsorship: Immediate positive / negative impact – unlike the other traditional advertising
channels The consumer will judge you based on the experience he had at the event
3rd Commandment: Evaluate the potential risks
4th Commandment: Create a memorable experience
Be part of the FUN, not just part of the branding !
Connect the atmosphere and the experience of the event with your brand values
Let your brand contribute to the success of the event
5th Commandment: Less is more
Avoid over-exposure!
People come to events for the stars and for the experience, not for the oversized logos
In event sponsorship, quality is always better than quantity
6th Commandment: Be single minded
Plan well ahead and then stick to your plans
Target a specific and well defined target group with the right events
If you have several target groups, create tailor made platforms for each of them
7th Commandment: Be consistent
Sponsoring an event once in a while will not make the difference
To become relevant to your target group, you must develop a long term platform that will:
• Bring credibility to your message• Create consistency for your brand• Gain a certain ‘’coolness’’ among your target group
8th Commandment: Maximize your sponsorship
Just being a sponsor is not enough
Plan your sponsorship and integrate it into your marketing calendar & budget
Use your sponsorship to create new marketing opportunities and activities before, during and after the event
9th Commandment: Pay attention to the details
A nice branding will never compensate for a poor experience
If you have selling presence at the venue, make sure you ensure:
- Enough selling points- Enough quantity- Adequate distribution methods- The proper product quality (ex: cold drinks)
10th Commandment: Evaluate your sponsorship results
Any event is a great research opportunity. Use it!
Look for quantifiable results and return on investment- Impact in your key brand indicators- Audience at the venue (both in terms of quantity and quality)- Media exposure and free PR- Direct sales and sampling