Are you willing to sponsor?
Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
By Riccardo Tafà| Posted May 15, 2018 | In MotoGP, Sport Sponsorship
There is no point in interrupting and begging someone for their attention when your brand can be embedded in something that your customers really want to watch and that they like. That’s exactly how sponsorship works, it’s a powerful marketing strategy utilized by many businesses, from small start-ups to global enterprises. Whether it be an in kind sponsorship or financial support, being a sports team sponsor, or working with media sponsors, these sponsorship opportunities provide exceptional reach and impact
Moreover, advertising after hindering what the audience has chosen to do (e.g. watching a movie) shows them products and services that most of the time they do not need and they are not looking for.
Good for brand awareness you’d say…but are you sure that these continuous interruptions won’t generate resentment in the people on whom advertisers endlessly force insurance policies, biscuits, cars, holiday packages and funeral services (have a look at this commercial if you don’t believe me) www.youtube.com/watch?v=XxDD_qvFqvM that they obviously don’t want to buy at the moment?
With a sponsorship the brand’s connection with the audience feels more authentic and less forced than traditional advertising. And the key here is finding the right sponsorship partner, whether that’s a financial sponsor, an official sponsor, or even a cash sponsor.
This rule tells you that just 3% of the viewers are ready to buy https://stickybranding.com/3-rule-engage-customers-before-they-need-your-services/
So if only 3% of those watching our commercial is looking for our product 97% of people do not find the commercial relevant, they are not interested and maybe they will get up and go to drink a glass of water, make a phone call or looking at their social. That is why it is important to create a sponsorship agreement that keeps your brand top of mind for the remaining 97% of the people. Whether this is within the local community, through media coverage, or as a result of sports sponsorship, your brand will benefit.
Have you ever considered that when entering someone’s place it is good courtesy to knock on the door and ask for permission? And that the less invasive you are the better it is?
Obviously, this is not the way advertising works and that’s why the long love story between the public and commercials is finished. Even the relatively young Digital advertising industry is in trouble, and that’s why the savviest companies are looking very much for more efficiency on that side as well. www.thedrum.com/news/2018/03/06/marc-pritchard-says-pg-will-soon-have-slashed-wasted-digital-media-spend-50
This is where a strategic sponsorship proposal comes into play. Be it a sport sponsorship or linked to music and the arts, the sponsorship benefits should align with your marketing plan and lead to increased brand exposure and recognition, moving away from advertising’s sole focus on sales. The aim here is not just increased brand awareness, but creating positive associations with your brand that last.
How can we communicate effectively and efficiently without wasting time, money and effort?
Let’s put our logo where 100% of the consumers’ attention is focused! It is a simple process, easy to understand: we put our brand on a show that they love to watch. This could mean sports teams, promotional partner collaborations, or even digital spaces where digital sponsors play a significant role.
If we do it, the viewers will connect said brand to something that they like and that, being associated with a show that is relevant to them will be perceived as positive.
We will show only the brand and we will not try to sell anything, (we also know that only 3 out of 100 people are ready to buy).
By doing so we will build a relationship with our target and in due time they will reward us with their preference for our brand.
The aim is to keep our brand top of mind and appreciated until the time they need it.
In fact, we will engage our target without interrupting it before it will need us, we will make ourselves known without being intrusive. We will be seen by our potential customers over time, in pleasant moments and we will become family members first and then favorites until our brand will become their choice when they have a need to satisfy. And they will satisfy that need choosing our products instead of the competitors’ one.
Let’s say that you have a friend who sells clothing and, today, you need a shirt. I am sure that it is highly likely that you will go to your friend’s shop before considering alternatives
By sponsoring you will be recognized and associated with something that your target appreciates. The target will remember your brand when it needs to buy the goods or service your company produces or delivers.
It is where sponsorships work to create a commercial advantage and positive benefit for brands. Not to mention the positive association that occurs in the minds of the consumers, effectively lowering consumer defense mechanisms.
By doing so, you will not only address the 3% of people that has an urgent need but you will talk to all the people who will potentially need you in the future.
With sponsorship, you will build a relationship based on the shared passion that leads to trust for brands and products that will ultimately result in increased sales: that’s how sponsorship works.
Clicking this link you can consult an interesting research that deepens the link between sponsorship and purchasing behavior.
Inside the piece, you will also find a link to download an abstract of the research.
A sponsorship expert can help facilitate this emotional connection and shape public perception of your brand, through both individual events and broader sponsorship programs. In this way, sponsorship helps bridge the gap between a brand and its target audience, offering a more personalized connection than traditional advertising and other forms of marketing.
Choosing the right sponsorship that aligns with past successful events and brand identity can create an exponential brand equity boost. Whether it’s a trade show, local music festival, or a sports event, these are all great opportunities for brand exposure. Media outlets, social media influencers, and promotional partners also play an important role in increasing your brand’s reach.
As we said earlier, Let’s say that you have a friend who sells clothing and, today, you need a shirt. I am sure that it is highly likely that you will go to your friend’s shop before considering alternatives. This is similar to how a sponsorship appears to your audience. It’s an extended brand extension, a business relationship that cultivates trust and loyalty in your target market.
If you wish to have more information on sponsorships read Sponsorship Activation and please contact us at our email address:info@rtrsports.com
Are you ready to explore the transformative power of athlete sponsorship for your brand? Click here to learn more about how sponsorship can help brands grow and thrive in the exciting world of motorsports.
Managing Director for RTR Sports, Riccardo graduated in law at the University of Bologna. He began his career in London in PR, then started working in two and four-wheelers. A brief move to Monaco followed before returning to Italy. There he founded RTR, first a consulting firm and then a sports marketing company which, eventually, he moved back to London.
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By doing so, we are convinced that we are shortening the value chain, saving time and money. However, these DYI methods are anything but risk-free and what initially appears to be a competitive advantage soon turns into a problem that is difficult to resolve. That’s why there are agencies. And this is why you should rely on us for your sponsorships.
When first approaching a sponsorship or sports marketing project, it is difficult to know immediately which stakeholders are correct, what the decision flow is, and what the right timelines are for each process. Sports is a very specialized field of action, and fitting effectively into its paths can take a lot of time and therefore money. We, on the other hand, know referents and spheres of action and know who to talk to, when and how. So you are also more effective.
Sports is an immense passion, and for our heart colors we would be willing to do anything. But business is a different business, and it is important to make the best possible strategic decisions based on independent research, statistics and reliable data. A sports marketing and sports sponsorship agency like RTR has an objective, 360-degree picture of the scenario and can tell you what is really best for you: which sport, which athlete, which team. This is because we possess a great deal of data and information on ratings, segmentation and attitudes. Because the numbers don’t lie. Never.
Activations are the real heart of sports sponsorship. Without them, there remains only a blank sticker on a motorcycle, car or uniform and no contact with the public, no emotional connection, no impact on the bottom line. Then how do you do it? It certainly won’t be the teams or the athletes who will help you leverage sponsorship and enjoy the many marketing rights you have paid for. To bring out the best in a sports marketing project you need an agency that knows how to use sponsorship to engage the fanbase on the Web, to reach out to Shopping Centers, to organize hospitality, to develop B2B and B2C opportunities, and to get “your” athletes in front of millions of potential consumers.
Would you ever go to the dealer who sold you the car and ask if the competitor’s car is better? No, of course. So, how do you expect to get firm measurements of the effectiveness of your sponsorship if you do not rely on someone super partes? At RTR, we have always worked with independent third-party agencies that allow us to know the return on any exposure of your brand on TV and in the media. In addition, we believe in calculating ROI as the ultimate measure of your success-so we can tell you for every penny you spend how much you are making.
We have been involved in sports sponsorship and sports marketing for more than 15 years. We are consultants in the sense that our goal is to maximize your investment, but we are also an agency that manages the project from start to finish. We have been doing this since 1995 with passion and professionalism, following three principles that have become cornerstones of our business: independence, verticality and transparency.
I would like to highlight the fact that one of the qualities of RTR is its great ability to approach the sponsorship scenario strategically, together with its passionate attitude, its amazing enthusiasm for solving problems, and its high level of professionalism.
Gianluca Degliesposti
Executive Director Server&Storage EMEA
Eurosport is truly delighted with its business relationship with Riccardo Tafà, who has become extremely popular, thanks to his detailed knowledge of the sports marketing sector and his highly diligent attitude to work.
Francois Ribeiro
Commercial Director
Passion and Expertise are the features that I have found in RTR since the very beginning. Serious and reliable professionals but also very helpful, nice and open-mind people, willing to listen and compare different ideas. All the values in which RTR believes make this agency a partner, not just a supplier, a partner with whom we have had the opportunity to achieve significant commercial results in term of success and image.
Luca Pacitto
Head of Communication
We have been working with RTR Sports Marketing for over 10 years. The objectives and the programmes of collaboration continue to be renewed and to grow with mutual satisfaction. I believe RTR is a team of great professionals led by Riccardo Tafà, who I consider a manager of exceptional skills and with a great passion for his work.
Lucio Cecchinello
Team Principal
I have known and worked with Riccardo Tafà since 1995 when we collaborated for the first time on a project for the Williams Formula 1 team. Several clients followed. After leaving Williams to work for Gerhard Berger then owner of the Toro Rosso F1 Team, I turned again to Riccardo to seek his help in finding a tool supplier for the team and Riccardo duly obliged with an introduction to USAG, a partnership with Toro Rosso which endured for five years. I recently started a new role as Group Commercial Director for the renowned Andretti Autosport organisation and I find myself working with Riccardo once again on a number of interesting projects. Why has this relationship with Riccardo endured ? He’s smart, knows the commercial side of sport inside out and back to front and he’s honest and trustworthy. Riccardo Tafà is a “doer” not a “talker”: in over 20 years I have never had a dispute either with him or with a company that he has introduced and each partnership introduced by Riccardo has delivered quantifiable ROI to rights holder and sponsor alike. I can think of no better testimonial of Riccardo’s diligence, knowledge, contact base and hard work than that.
Jim Wright
Group Commercial Director
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