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15 Myths and Mistakes
of Selling Sponsorships
ABOUT WEBLINK
• Leading SaaS AMS Company
• Over 720 Association Customers; 5,500
Users; Supporting 650K Members
• Established in 1996
• Based in Indianapolis, Indiana
• 60 Employees
• 94% Customer Retention Rate
• 96% Average Daily Satisfaction Rating
WebLink Customers
WebLink Customers
WebLink Connect™
 Association Management
Software Solution
 One web-based centralized
database
 Prospects, members, non-
members and all reps in same
system
 Financials, events, email,
committees, website, reporting
15 Myths and Mistakes
of Selling Sponsorships
Dustin Gilbert
SENIOR BUSINESS DEVELOPMENT
REPRESENTATIVE
SPONSORSHIPS.
AUDIENCE POLL
What is the biggest challenge
you face when selling
sponsorships?
Myth #1
Sponsorships Just Benefit Your
Association
WHAT
is a sponsorship?
WHAT
is a sponsorship to the customer?
WHAT
is a sponsorship to you?
Myth #2
That’s A Wrap!
Your Event is Over & It’s Time
To Relax…
FACT: The majority of
your sponsorship
selling and dollars
should come from
renewals from the
prior year.
Myth #3
If It Worked Last Year, It Will
Work Again Next Year
THE TRADITIONAL APPROACH
Meet Joe
 Joe is the owner of Joe’s Plumbing
and Water Damage Repair
 Sponsorship Package Options:
1. Gold, Silver or Bronze
Sponsorship OR
2. “DRAIN IT” Sponsorship
Get Creative With Your Sponsorship Real Estate
Myth #4
Category Exclusivity Does Not
Add Value To Your
Sponsorship Packages
Category Exclusivity
Giving the right to one organization
within any given industry, product or
service category exclusive sponsorship
rights
Myth #5
The More Sponsors, The Better
How Many Sponsors Is Ideal?
 It’s simple – there is no right answer.
 The number of sponsors that you have is
dependent upon the:
– Event
– Anticipated attendance
– Type and quality of attendees
– Promotional and marketing efforts utilized
Logo Soup
Myth #6
Cash Is King
In-Kind Donations
 Noncash contributions and/or contributed services
 Example: A supermarket or local grocer donates a food for your
event
 Remember to steer clear of “logo soup”
Myth #7
Accounting For In-Kind
Donations Is The Same As
Accounting For Cash
Nonprofit Accounting Basics
 There are specific to account for in-kind
donations
 Be smart and know the accounting guidelines
that you need to follow to properly account for
these donations on your financial statements
Myth #8
The Deeper The Pocket, The
Better The Sponsor
Who Should You Be Selling To?
Qualifying Potential Sponsors
 Research and qualify potential sponsors
 Ask: Is this sponsorship the right fit?
 Understand potential sponsors’ marketing
objectives and leverage them with your
organization’s marketing
Myth #9
Fundraising & Sponsorships
Are One In The Same
AUDIENCE POLL
Do you currently bundle
multiple event sponsorships
into one sponsorship package?
Myth #10
Discounting Sponsorships
Should Be Avoided To
Maximize Revenue
Bundle, Bundle, Bundle!
 Give sponsors the
option to bundle
their sponsorship
and marketing
dollars over
multiple events
Myth #11
Spell Check Catches All Errors
The Proposal
 Tailor sponsorship proposals based on the
sponsorship package
 Be specific and ensure that all sponsorship
details are explicitly outlined
 Always have someone proofread the final
proposal before submission
Myth #12
You Set the Value Of Your
Sponsorships
Pricing Your Sponsorships
 Be realistic - your sponsorship is only as valuable as
potential sponsor’s perceive it to be
 Communicate value
 Don’t over promise and under deliver
 Always remember sponsorship sales are all about yearly
renewals
Myth #13
Your Event Attendees Want To
Interact With Your Sponsors
ENGAGEMENT.
Myth #14
New Customer Acquisition Is
the Only Metric Your Sponsor
Cares About
Sugar Coat Statistics
 Make your sponsors feel GREAT
about their sponsorship
– Share stats to pump up the value of
your sponsorship (ex. social media
metrics)
– Understand your sponsors’ goals
– Remember, savvy sponsorship
buyers care about SALES
AUDIENCE POLL
Do you provide your top tier
sponsors with performance
metrics after your event?
Myth #15
You Thought Your Event Was
A Huge Success, So Your
Sponsors Feel The Same
The
Fulfillment
Report
Thank you!
WebLink International, Inc.
1-877-231-4970
www.weblinkinternational.com
marketing@weblinkinternational.com

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Notes de l'éditeur

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