Tuesday, September 7, 2010

18 Questions to Ask Before You Commit to a Sponsorship

September 6, 2009 by Mary White-Cornell  
Filed under Building Sales

sponsorships

Make sure you spend your sponsorship dollars wisely – ask yourself these questions before you sign on the dotted line.

General:

  • Is it proven?  Or is this the first year?
  • What is the investment?
  • Is it your customer?
  • Does it have PR potential?
  • What is the estimated attendance?
  • How many other sponsors are involved?
  • What other food vendors are involved?
  • What is the cost per impression?
  • Do you have first right of refusal?
  • Do you have category exclusivity?
  • Is there an in-kind (trade) opportunity to offset the cash investment?
  • Can you be on site to sample your product?

Media:

  • Are you paying for media as part of the sponsorship package?
  • Are the mediums chosen consistent with your customers?
  • Is it media that fits with your marketing strategy?

Charity:

  • Does the sponsorship have a charity component?
  • What percentage goes to charity?
  • Is the charity’s member base your customer?
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