When you’re selling sponsorship — or anything for that matter — there is much you cannot control. But there is plenty you can. Why not take control of these things to tip the odds ever in your favor.
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The single biggest mistake I see sponsorship sellers make is offering bland, generic sponsorship offerings that have no value. Every organization and event has something unique to offer each sponsor. I have never failed to recognize this truism in all the years I sold sponsorship and all the years I’ve advised thousands of sponsorship sellers. It is your job to draw out this uniqueness and highlight it in alignment with the sponsor’s measurable objectives. But too many people strip out of the offering the creativity, the spark, the uniqueness. That’s how they become a commodity.
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You had a great conversation with a prospective sponsor. They’re super excited about the ideas you proposed, and you spend a couple days writing a rockin’ proposal.
Your colleagues add more suggestions. You finalize the document and want to pinch yourself—the ideas here are fantastic, and the dollar signs will take your event or organization to a new level.
You hit send and count the days till you get to discuss the proposal with the sponsor contact. You just know they’re going to love it and that this is the start of a long-lasting partnership between your organizations.
Did I mention all the money your organization is going to generate? Whew!
Might as well kick back and wait for the money to flow in, right?
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Several corporate representatives recently have asked me about the ROI of their nonprofit sponsorships. They’re wondering how they should be structuring these partnerships for the best results.
Then they drop in an important detail.
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Here’s some good news and bad news about how to price sponsorship.
Bad news? You probably aren’t charging enough for your sponsorship opportunities.
The good news? You can change this.
Wimpy sponsorship pricing only hurts you.
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You're overwhelmed with proposals. You may have success criteria for your sponsorship, but what about for your partners? Here are 10 signs of a successful sponsorship relationship.
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One of the 8 drivers of sponsorship success is the quality of your sponsorship program. When was the last time you took a good hard look at what you’re selling?
If your sponsorship program lacks value, you’re propping up a façade, which ultimately undermines your confidence.
It’s a new year and time to review and upgrade.
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Organizations hire Gail Bower as their revenue strategist. She works with nonprofit organizations to put more money in their missions and with mid-market and larger firms to put more mission in their money.
An expert on nonprofit-corporate partnerships, she is the author of "How to Jump-start Your Sponsorship Strategy in Tough Times." Gail is a a professional consultant, coach, writer, and speaker, with more than 25 years’ experience in marketing and managing some of the country’s most important events, festivals, and sponsorships. A trusted media source, Gail’s been interviewed about her work for the New York Times, Wall Street Journal, Marketplace, and Time magazine.
For more information, visit GailBower.com.
Gail Bower's Guidebook: How to Jump-start Your Sponsorship Strategy in Tough Times
Does the recent economic upheaval that sent seismic shifts through our culture have you wondering what to do next with your sponsorship development efforts?
Marketing and sponsorship strategist Gail Bower wrote this short guidebook for you. Get the confidence, perspective, and techniques you need to jump-start your sponsorship strategy today.
“A professional GPS system to keep you on a successful track.”
- Steven Wood Schmader, CFEE,
President & CEO
International Festivals & Events Association (IFEA
World)