If your organization isn’t constantly striving to build and grow sponsorship opportunities, you’re missing out on an important revenue stream.
Understanding why sponsors buy, what techniques generate the most revenue, and how to price based on value rather than cost, are all key to selling sponsorships successfully.
In this free webinar, Dustin Gilbert, Business Development Representative at WebLink will share his wealth of experience with selling sponsorships in the association industry, identify the pitfalls most commonly seen and show you how to avoid those mistakes.
In this webinar, you will learn:
- Common misconceptions of selling sponsorships, and how a few quick fixes can mean big revenue.
- The keys for taking inventory and determining the various levels of participation you have to offer.
- How to research and qualify your ideal sponsors, and what messaging and value propositions will get them to buy.
- How to structure your pricing and packages in order to generate the maximum revenue for your organization.
2. 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
5. 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
18. 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
22. 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
26. 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”
28. 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
31. 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
37. 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
39. 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
43. 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
44. AUDIENCE POLL
Do you provide your top tier
sponsors with performance
metrics after your event?
45. Myth #15
You Thought Your Event Was
A Huge Success, So Your
Sponsors Feel The Same
You know that your organization has true value and strength, and they need to know that. When you promote a vibrant advertising strategy to your members, you are enabling them to get verifiable return of investment, in the form of traffic to their website and referrals for their businesses. What’s more? You are generating non-dues revenue for your organization - everybody benefits!