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Published byGerard Ward Modified over 8 years ago
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FUNDRAISING & SPONSORSHIP PRESENTED BY ………..
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WHAT YOU’LL TAKE AWAY TODAY A changed attitude towards sponsorship and fundraising Ideas for fundraising activities How to promote your potential for sponsorship How to formalise a sponsorship proposal
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FUNDRAISING
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FUNDRAISING TYPES - Raising funds for your own society by: - participation in 3 rd party activity - participation in your own activity - Raising funds through financial partnerships
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FUNDRAISING MUST KNOWS! Budgeting Fundraising Charity events Political societies
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FUNDRAISING IDEAS ….. Usual Fundraising Ideas Raffles Bucket collections Coffee mornings Supermarket bag packs Pub quizzes Race nights Other Fundraising Ideas
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IF YOU HAVE A PARTNER - KEEP IN TOUCH Results - tell them what you are doing with their money and what difference it makes Success stories - personal stories that show the effect they are having on student’s lives Action alerts - tell them what more they can do to help Gratitude - make them feel thanked, included, and loved How-to - show them how they can get involved personally
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SPONSORSHIP
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THERE IS A HUGE DIFFERENCE.… - Fundraising vs Sponsorship - objectives - relevancy - relationship
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THE SPONSOR’S VIEW… - Remember, this is not a fundraising activity, it is a joint marketing activity - The sponsee must have the ability and desire to enter wholeheartedly into a marketing partnership
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THE BASIC RULES STILL APPLY To be real & relevant sponsors must bring an added-value component to the targeted audience & then they must get the credit from the audience for bringing or enhancing the experience.
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THE O’C&K PARTNERSHIP MODEL
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REMEMBER – IT’S A JOINT AGREEMENT…. - both property owners and sponsors must agree that they are equally responsible for: 1) providing those relevant and enhanced consumer experiences 2) making sure the sponsor gets the credit
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SPONSORS ARE LOOKING FOR … - A good working partner - Something they can amplify their relevance to individual people’s lives - Reasons not to give up sponsorship as a marketing tool, by choice
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ACTIVITY FOR SPONSORSHIP SEEKERS A structured approach
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PREPARATION - Is your society ready for sponsorship - Ensure you have internal support - Know your event audience (members) - Identify your sponsorship options
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IDENTIFYING OPPORTUNITIES -Find your most attractive sponsorship offerings -Determine the ones you will never sell -Identify the full range of benefits you can offer -Be conscious of financial disconnect between your need and your value
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TARGETING POTENTIAL SPONSORS Identify what relationships you already have Agree who you think would be a ‘good fit’ Decide on a target list Do desk top research How to get the information: Annual reports- Industry databases Websites- Forums Social media- Traditional media
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INTRODUCTORY LETTER (DOS) -Figure out who’s their best person to approach -Lead with their stated business objectives -Structure within their values -Use their words - Ask for the opportunity to show how good a partner you’d be
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INTRODUCTORY LETTER (DON’TS) - Send a general letter to the CEO / MD - Talk about yourselves up front - Enclose a standard presentation - Explain their business objectives to them - Tell them what good value you represent
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PROPOSAL DEVELOPMENT Why most proposals fail What information do they need in order to say yes Make it easy for them to sell on – internally Have proposal options / angles to consider Price your offer fairly Formalise your offer for presentation
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PROPOSAL INSIGHTS 1 -Get the proper name and title of the brand manager. -Match specific brand(s) to the sponsorship opportunity (some have different product brands). -Find the brand’s target markets that you can match. -Link to overall marketing objectives for the brand(s) that you are targeting.
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PROPOSAL INSIGHTS 2 -Study how they use other sponsorships to achieve their objectives. -Check whether they have any sponsorship exclusions (e.g. they mightn’t sponsor student events). -Determine how much lead time they need before the sponsorship term starts
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SALES AND NEGOTIATION Sponsorships are business decisions Who should sell your sponsorship Negotiate for mutual ‘wins’ Offer payment structure options Formalise the deal – in writing
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AFTER-SALES & MEASUREMENT Over deliver on the agreement Encourage the sponsor the leverage Agree what reporting is required Encourage the sponsor to measure their own results Help to analyse / understand their real results
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TAKEAWAYS -Decide whether you’re going to fundraise or get a partner. -Manage expectations -Decide to manage your own brand by being professional. -Always make new mistakes Thank You
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PRACTICAL WORK
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