TYPES OF SPONSORSHIPS TYPES OF SPONSORSHIPS 1. Financial Event Sponsor 2. In-Kind Sponsor 3. Media Event Sponsor 4. Promotional Sponsor FINANCIAL SPONSOR Sometimes referred to as cash sponsors Leading type of event sponsorship A sponsor offers money to an event organizer in exchange for promotions or other benefits outlined in their sponsorship agreement. IN-KIND SPONSOR In-kind sponsorship provides goods or services instead of physical currency. Compared to financial sponsorship, it contributes more value to the event Examples: Venue Sponsor Prize Sponsor Food Sponsor Digital Sponsor Not limited to these – there are all types of in-kind sponsorship MEDIA EVENT & PROMOTIONAL SPONSORSHIP Media Pays for or contributes to the costs involved in social media advertising Very helpful for nonprofit organizations and smaller events tend to face, as budgets are usually limited When media sponsors are present, the organizations spend less time and money on the advertisements. Less difficulty of purchasing the media coverage they often require Promotional: Pays for or contributes to the costs promoting the event MORE EXAMPLES OF SPONSORSHIPS Sponsors may appear on the scoreboard, floorboards, rafters, or even rotating electronic screens. One major sponsor for an event. Company must pay a lot more to be th e official/title sponsor. Ex. Northern Trust Open, American Express Championship, Tim Horton’s B rier Company purchases the promotional rights to an entire stadium. Rickshaw, alpha roger, guinea pigs Ex. Heinz Field, Roger’s Centre, Scotia Bank Centre Only one product in a product category is granted sponsorship (excludes the competition). Ex. If Coca-Cola is an official sponsor for the Olympic Game s, only Coca-Cola soft sponsor. It is the at the games. only drink that can be sold. (Not Pepsi)