Regularly evaluate sponsorships to ensure alignment and ROI
Events
Regularly assessing sponsorships ensures they still fit with your company’s goals and values and that they deliver good returns. You’ll get solid brand exposure but it could be time-consuming. Evaluate often for maximum impact.
Tools
| Name | Description | Pricing | Ease of Use |
|---|---|---|---|
| OpenSponsorship | OpenSponsorship connects brands with athletes for seamless sponsorshi… |
Paid Only
|
Moderate
|
| Sponseasy | Sponseasy is a sophisticated marketing tool designed to streamline sp… |
Paid Only
|
Moderate
|
| SponsorMyEvent | SponsorMyEvent is a cutting-edge platform designed to streamline the … |
Paid Only
|
Moderate
|
| SponsorPitch | SponsorPitch is a data-driven platform designed for marketing profess… |
Paid Only
|
Moderate
|
| SponsorUnited | SponsorUnited is a premier sponsorship intelligence platform designed… |
Paid Only
|
Moderate
|
Objectives
| Name | Description |
|---|---|
| Brand Awareness | Brand awareness is the marketing objective of increasing a brand's vi… |
| Engagement | Engagement in marketing refers to the interactions between a brand an… |
| Enhance Brand Reputation | Enhancing brand reputation involves cultivating a favorable perceptio… |
| Reach | Reach is a key marketing objective focused on maximizing the exposure… |
| Sales | The marketing objective 'Sales' focuses on increasing revenue through… |
Demographics
| Name | Description |
|---|---|
| Entrepreneurs | Entrepreneurs are typically characterized by their innovation, risk-t… |
| High-Income Earners | High-Income Earners are characterized by their significant financial … |
| Professionals | Professionals are a diverse group typically aged 25 to 55, marked by … |
| Small Business Owners | Small Business Owners are a vital demographic characterized by their … |
| Tech Enthusiasts | Tech Enthusiasts are a dynamic demographic known for their passion fo… |
Promotes
Sectors
| Name | Description |
|---|---|
| Arts and Entertainment | The Arts and Entertainment sector is a dynamic industry encompassing … |
| Financial Services | The Financial Services sector is a vital part of the global economy, … |
| Food and Beverage | The Food and Beverage sector is a vital part of the global economy, e… |
| Healthcare | The Healthcare sector is a critical pillar of the global economy, enc… |
| Hospitality and Leisure | The Hospitality and Leisure sector encompasses hotels, restaurants, t… |
Strategy
| Name | Description |
|---|---|
| Brand Marketing Strategies | Building a brand's identity involves creating a unique image that con… |
| Data-Driven Marketing Strategies | Using data to guide marketing decisions helps target the right audien… |
| Partnership Marketing Strategies | Collaborating with other businesses can boost your reach and credibil… |
Sub-strategy
| Name | Description |
|---|---|
| Brand Awareness Strategy | Building a brand awareness strategy means getting your brand noticed … |
| Brand Loyalty Strategy | Building a brand loyalty strategy focuses on keeping customers coming… |
| Brand Positioning Strategy | Creating a brand positioning strategy means defining how you want you… |
| Reputation Management Strategy | Monitoring and influencing how your brand is perceived online and off… |
| Customer Loyalty Strategy | Encouraging repeat business through rewards, excellent service, and p… |
Technologies
| Name | Description |
|---|---|
| Analytics & Data Tracking |
Channel
| Name | Description |
|---|---|
| Events | Events are powerful for connecting and engaging with audiences in rea… |
Sub-channel
| Name | Description |
|---|---|
| Conferences | Conferences are a great way to network and learn industry trends in p… |
| Sponsorships | Sponsorships allow brands to reach new audiences by associating with … |
| Trade Shows | Trade shows are bustling events where companies showcase their produc… |
Quick Facts
Channel
Events
Advertising Type
OOH
Difficulty Level
Intermediate
Estimated Cost
Medium
Time to Impact
Short (Weeks)
Tags
B2B
B2C
Paid
Pros
- Aligns with company values ensuring all sponsorships align with your company goals and values.
- Maximizes ROI by focusing on sponsorships that deliver the most returns.
- Strengthens brand reputation through consistent and appropriate sponsorship choices.
- Builds trust and loyalty with your audience by supporting relevant causes and events.
- Increases brand visibility through promotions associated with well-chosen sponsorships.
- Facilitates strategic pivots ensuring agility in marketing strategy.
- Encourages efficient budget allocation minimizing wasted spend on ineffective sponsorships.
Cons
- Time-consuming requiring frequent and detailed evaluations.
- Resource-intensive as it may require additional staff or consultants.
- Potential for bias as subjective opinions may influence decisions.
- Market fluctuations can suddenly affect ROI, requiring even more frequent assessments.
- Risk of over-analysis which could delay decision-making.
- Dependence on market trends which may shift unpredictably.
- Impact on relationship-building focusing too hard on ROI might overshadow beneficial partnerships.