If you’re a sports marketing enthusiast, a quick browse of the internet is enough to come across a rather strange question: “what advantages and disadvantages of sports sponsorship? ?” In short, what sponsorship benefitscan I expect from my sports marketing program?
Luckily, at RTR Sports Marketing we’re here to advise on these issues, as well as things that might not work so well. Here are some of our initial thoughts….
Pros and cons of sports sponsorship
We get it, if you’re trying to understand if sports sponsorship is the right path for you and you’ll want to know what the pros and cons really are.
Before getting into the details, if you have any doubts about the benefits of sponsorship in sports, it’s best to contact a sports marketing agency – they can guide you through the process and answer any questions you may have.
Advantages of sponsorship in sports and sponsorship benefits
Sports sponsorship is a lucrative industry around the world – so it’s only natural that there are many benefits you can reap when you enter this arena.
Sports sponsorship is truly a 360° marketing tool, and can enable content marketing, digital media, B2B programs, PR, hospitality and much more. The passion ignited by riders (in MotoGP), or by teams, or athletes in other sports, cannot be matched – and often their audiences and fans have long-standing and deep-rooted allegiances. If you can find a sports team or individual worth sponsoring that matches your brand ethos, be prepared to see all the advantages of sponsorship in sport and the benefits of sponsorship bear real fruit.
Sponsorship provides a strong sales boost, better brand positioning and higher brand awareness. On top of that, sponsorship is also a very powerful weapon in your social media storytelling strategy (think of the great work done by Etihad in the Premier League, or Repsol in MotoGP). In short, the benefits are plentiful – and all of these can come together to achieve real ROI for your brand,
Disadvantages of sponsorship in sports
Okay, we’ve talked about the positives of a successful sports sponsorship campaign and the bountiful benefits of sponsorship – but what about the downsides of sponsorship in sports?
In reality, as long as you prepare carefully, plan in advance, and activate your sponsorship plan the right way, there is very little to lose. You have to know your budget and what will allow you to achieve it, and that teams or drivers/athletes may get better rates from one season to the next – that shouldn’t be too much of a burden.
Are there any downsides to sponsorship in sports? The answer is no, as long as the team or athlete you are associated with is not involved in a scandal or embarrassing situation. We’ve covered this before: what if the athlete or team we sponsor is caught doping? What if in the middle of a match or race, your team’s behavior is embarrassing? Head over to our article here if you want to know more about how to handle it.
What sport should I use for my sponsorship campaign?
As experts on the advantages and disadvantages of sponsorship in sport, we can recommend the highly lucrative world of MotoGP as a great place to start. MotoGP sponsorship means multiple races per year, hundreds of thousands of viewers and an international reputation for high-quality racing. Before we even get into B2B, hospitality and digital activation opportunities are already available. Invest in MotoGP and you’ll be well protected from any problems you might encounter elsewhere. After all, there are many types of sponsorship in sports, such as Formula E Sponsorship.
Benefits of working with a reputable sports marketing agency
Since 1995 RTR Sports Marketing has been a leading sports marketing agency with a core business in MotoGP, one of the most effective sports to enter if you want to invest in sports sponsorship.
If you’re unsure about your next steps, you might want to have a chat with one of our consultants. We’d be happy to discuss all the benefits and risks involved in sports sponsorship.
We can answer your curiosity and we are willing, given specific objectives and a budget (marketing and/or commercial), to study specific sponsorship programs capable of achieving your objectives.
We are confident that the benefits of sports sponsorship will become apparent. If you’d like to discuss the ups and downs of sponsorship more, get in touch – we’d be delighted!
Read more about Sponsorship Activation.
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