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Managing Sponsorships and Partnerships Print

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Associating your name with others.

WHAT SPONSORSHIP PROVIDES

Visibility with a defined audience Association with something people value Community goodwill

WHAT TO ESTABLISH BEFORE COMMITTING

Who the audience actually is Whether they are your customers What you receive What it costs, including staff time

WHY THE AUDIENCE QUESTION

Sponsorship is frequently bought for the sponsor's enjoyment rather than for reach.

WHAT TO ASSESS

Whether association with this party is appropriate.

WHAT TO CONSIDER

Their conduct and reputation Whether their audience overlaps yours Whether the association could embarrass you

WHY

You inherit some of their reputation.

WHAT TO AGREE IN WRITING

What you provide What you receive, specifically How your name and mark are used Approval of materials Duration and termination

WHY NAME USE SPECIFICALLY

It is the commonest source of dispute.

WHAT TO ESTABLISH

That you approve how you are represented.

WHAT TO MEASURE

Whether anyone noticed.

HOW

Enquiries referencing it, and asking customers.

WHAT TO AVOID

Renewing automatically without assessment Sponsorship chosen by personal interest Commitments beyond the current year

WHAT PARTNERSHIPS WITH OTHER BUSINESSES PROVIDE

Access to each other's audiences.

WHAT TO ESTABLISH

What each party provides and receives How it is communicated What happens if either party's reputation suffers

WHAT TO PROTECT

Your ability to withdraw.


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