Innovative & “Doable” Sponsorship Programs that Add Value Kelly J. Semrad, Ph.D. Rosen College of Hospitality Management The Purpose of this Presentation: • Provide a method for planners to create innovative sponsorship opportunities that are a marketing asset for corporations. 1. 2. 3. 4. Increase experiential marketing opportunities Boost the event’s bottom-line Use digital platforms Add value to the event The Bare Bones Planners • • Sponsorships • Corporations Opportunity • Activation • • Congruency Why do most of us (planners) want to obtain sponsors? (Semrad, 2013) • • • • • • • • • • • To plug a budget hole To support a new project To make events more competitive To provide networking opportunities To increase exposure To provide start-up funds To fuel growth To add value To provide additional benefits To create a good image To form a marketing partnership Why do most of us (planners) struggle to sell sponsorships? (Semrad, 2013) • • • • • Lack of time Lack of resources Lack of funds Lack of expertise Lack of information • • Did not include sponsors in budget Started looking for sponsors to late • • • • • • • Event is not “sponsorable” Not successful in the past Short lead time Red tape Rules & Regulations Exclusivity issues Turf issues Let’s Start With the Basic Definition… A sponsorship is a marketing opportunity in which an individual or organization (the sponsor) invests cash, goods, or services in another organization or some aspect of that organization to gain access to specific assets (such as organization members or impressions) that are expected to improve the sponsor’s marketplace position. So, All you have to do is… • Plan a whole event with very limited resources simultaneous to planning other events while also doing the rest of your job AND… 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Find potential sponsors Write proposals Contact potential sponsors Meet with potential sponsors Negotiate with potential sponsors Scoot around any red tape to securing sponsorships Create a marketing opportunity for each potential sponsor Create a marketing asset for each potential sponsors Customize each sponsorship for the potential sponsors Close the deal for each sponsorship Get each sponsor to activate the sponsorship Help each sponsor achieve a market place improvement by using your event Problem: The Red Tape • Rules and regulations • Must be cost effective for government meetings • BUT, many of us also have our own red tape when it comes to sponsorship sales – What is your red tape when it comes to selling sponsorships? So, Let’s try to make sponsorship sales “doable” 1. Create a Congruent Context (CCC) 2. Create a Marketing Opportunity 3. Create an Innovative Activation Practice (Asset) BUT, first…make a commitment to giving yourself enough time to succeed. AND, second, assume we are building this process from scratch. #1. Creating a Congruent Context (CCC) (Semrad, 2013b) • Why? Why is the event occurring? Purpose Intention? • Who? Who are the attendees? What are their needs? – – – – – Demographic? Psychographic? Geographic? Benefits? Behavior? • When? • Where? • What? What is happening at the event? What is the position? #1. Creating a Congruent Context (CCC) (Semrad, 2013b) • Based on the event assessment especially the WHO? Are there potential sponsors that are congruent to the purpose of your event? Are there potential sponsors that are congruent to your target audiences? Congruency makes a difference when developing the marketing opportunity and asset! #1. Creating a Congruent Context (CCC) (Semrad, 2013b) • Environmental Event • BP • Dawn • MUSIC FESTIVALS SHUN BIG-NAME SPONSORS: Music festivals like Coachella and Bonnaroo are turning away big-name sponsors due to distractions from the music experience. Regardless of the large revenue, the festivals would rather have the brands give fans an interactive experience rather than market themselves on the stage. Ad Age: "Stage sponsorships are a big moneymaker, but our position has been that when you get 20,000 people in a field and they're looking at brand marketing, they're not focused on the editorial experience of the festival—the music," said Matt Frampton, vice president of advertising for Pitchfork Media. http://bit.ly/15uyaPtPosted July 10, 2013, 8.35 a.m. EDT • SOCIAL PARTNERSHIP LIFTS V.M.A.S SPONSORSHIP: The ratings for Video Music Awards may have dropped dramatically last year, but the growth of social media interaction has given the MTV event a big sponsor boost. The 2013 V.M.A.s has already set a sponsorship record, which the network partially credits to a new partnership with Twitter's TV ad targeting service, Amplify. Viacom Media Networks' Jeff Lucas told Billboard: "In the world of social media, the VMAs is our Super Bowl and even bigger in some ways. ... We have live events but we also have topical events, and we’re gonna build off of the VMAs. I know a lot of organizations have agreements with Twitter and do different things, but I think we are the best fit. It’s a great product to build off of, not just content. We have relevant content that we can customize." http://bit.ly/1bYH8XePosted August 23, 2013, 7:55 a.m. EDT • NBC PULLS SPONSORSHIP OF GUN SHOW: Variety: “NBC Sports will not sponsor next year’s Shooting Hunting and Outdoor Trade Show—after several years of backing what organizers bill as the world’s largest gun-related trade show—citing business reasons.” The network will still attend the Las Vegas trade show to meet with clients, according to a rep. http://bit.ly/1fdaFAFPosted October 8, 2013, 8:09 a.m. EDT #2. Create a Marketing Opportunity 1. How will the proposed sponsorship match the event objectives? 2. What are the sponsor’s objectives/desired outcomes? Seasonality issue? Demographic issue? Prestige issue? Market penetration issue? Publicity issue? Sales issues? 3. How do they want to measure the results of the sponsorship compared to the objective? #3. Create an Innovative Activation 1. Budget for the activation (Don’t under spend) 2. Timeline Activation connect the brand to the physical & digital sponsorship components 1. Engage before the event 2. Engage during the event 3. Engage after the event Unique, social, brand-centric, targeted, extendable, measurable #3. Create an Innovative Activation The University of Kentucky coordinated a hashtag campaign on Instagram resulted in powerful trending social campaign that had an incredible image database from tagged pictures on Instagram #WeAreUK #TravelPortlandSGMP 1. Why is your event an asset? 2. Why are your attendees an asset? 3. Why are planners an asset to suppliers? Why corporations would want to be involved with you? • Why government meeting planners are an asset to corporations! • Planners give access to: – Spend $890 million annually on meetings/services – Hold nearly 8,000 meetings a year – U.S. government spends approximately $14 billion annually on meeting related expenses – Seasonal relief • Diamond ($20,000) • Three – five minute piece video during a (TBD) general session (provided by sponsor) • One (1) high profile Island Booth, themed and set in your networking area as cafes (includes complimentary food and beverage provided by SGMP) • Three complimentary booth attendee registrations • Three (3) complimentary SGMP at-large memberships • Two pages (4 surfaces) ad in Government Connections digital version • Two ¼ page full-color ads in Government Connections print version • Featured ad on conference registration website • Three month sponsorship of SGMP Training Center in Alexandria, VA • Recognition on media screen during general sessions • Recognition via social media (Facebook, LinkedIn) • Sponsor ribbon on name badges • Company logo on expo and registration signage • Company logo with link on conference website • Company listing in conference and marketing newsletter • Enhanced company listing in onsite program • Platinum ($15,000) • Three – five minute piece video during a (TBD) general session (provided by sponsor) • One (1) high profile Island Booth, themed and set in your networking area as cafes (includes complimentary food and beverage provided by SGMP) • Two complimentary booth attendee registrations • Two (2) complimentary SGMP at-large memberships • Two pages (4 surfaces) ad in Government Connections digital version • Two ¼ page black and white ads in Government Connections print version • Featured ad on conference registration website • Two month sponsorship of SGMP Training Center in Alexandria, VA • Recognition on media screen during general sessions • Recognition via social media (Facebook, LinkedIn) • Sponsor ribbon on name badges • Company logo on expo and registration signage • Company logo with link on conference website • Company listing in conference and marketing newsletter • Enhanced company listing in onsite program • Bronze ($2,500) • • • • • Recognition via social media (Facebook, LinkedIn) Sponsor ribbon on name badges Company logo on conference website Company listing in conference and marketing newsletter Recognition on signage as co-sponsor of networking breaks • Copper ($1,000) • Recognition via social media (Facebook, LinkedIn) • Sponsor ribbon on name badges • Recognition on signage as co-sponsor for networking breaks • Pewter ($500) • Sponsor ribbon on name badges • Recognition on signage as co-sponsor for networking breaks Signs, banners, show directories still have their place… But…What Else is there to Offer to Sponsors? (Grimaldi, 2013) 1. Sponsor an event app splash page, embedded code, BUT make it interactive! 2. Interactive Video Walls 3. Charging stations 4. Wi-Fi Charges 5. QR-code games (www.scavengerhunt.biz) What Else is there to Offer to Sponsors? (Grimaldi, 2013) 6. Sell a sponsorship on the keynote or the break-out sessions 7. Unwind station Play stations (www.wowincevents.com) 8. Detox by retoxing station 9. “Flash Sales style” 10.Free head shots 11.Green Goods (www.meetgreen.com) So, where can you begin the brainstorming with future sponsorship ideas? 1. 2. 3. 4. Current offerings? Future offerings? Sponsor ideas? Sponsor’s future opportunities? BUT, First, commit to giving yourself the time you need to being successful! Want additional sources of information? 1. How to Jump Start Your Sponsorship Strategy in tough times by Gail S. Bower 2. Made possible by: Succeeding with Sponsorship by Patricia Martin 3. 10 Fresh Sponsorship Ideas: Innovative Ways to Boost Your Event’s Bottomline by Lisa Grimaldi (M&C) Innovative & “Doable” Sponsorship Programs that Add Value Kelly.Semrad@UCF.edu