Types of Sponsorship: How many are there?
As a brand that wants to move into the world of sports sponsorship, it’s likely that you have a lot of questions and that you wonder about how many types of sponsorships exist- but don’t worry, because we get asked this a lot and we are ready to provide some much-needed answers.
Sports or team sponsorship can reap lots of rewards, but there’s no doubt that there are multiple things to consider. What are the advantages and disadvantages of sports sponsorship? How important is it really? Should you sponsor a specific team? Are there any top sports sponsorship campaigns that you can learn from?
We won’t answer all of this today (although we’ll try to soon!) but we will focus on the different types of sponsorship and what it is that they can provide, as well as offering some tips on what you should be thinking about at the next stage of the decision-making process.
Different Types of Sponsorship in Sports
There are a few different types of sponsorship that you have most likely already heard about before approaching teams or individuals. Categories of sports sponsorship include, but are not limited to, the following:
which one of these do you need? Only you can tell. It depends on your objectives and budget to start with. To explain this simply, it’s better to give some examples: let’s say you’re a brand wishing to use the sport team or individual’s name, logo and/or imagery as part of your campaign but you are not interested in increasing your brand awareness since you are already well known. Let’s say that you would like to use the program mainly to build sales promotions for the consumers. In this case, you might want to consider becoming an official partner, rather than a main or title sponsor.
Main or title sponsors might have the most reach in terms of numbers, but maybe you want to target a specific or niche area. If that is the case – for example if you want to reach a community sports demographic, or fans of a local team – you don’t need this far-reaching audience. Your audience might need to be smaller, more specific, and more likely to buy into your brand as it plays directly into their interests or life. Again Official or technical partnerships can give you this.
Long story short, different sponsorship packages with their different names are as good as they are capable to deliveragainst the given objectives. There are no good or bad sponsorship packages, just ones that suits your needs and others that are a mismatch.
What are the advantages of sponsorship?
What are the benefits of this kind of sports sponsorship? First of all you get the marketing rights of teh sport property (eg team, organization, Testimonial) and as mentioned earlier you will be able to use your partner’s name, imagery and fame on your communications. You could utilise this digitally, for example through social media, websites or email, or through merchandise. On top of that you could get other benefits, such as corporate hospitality opportunities at the events, that your your existing or potential customers might be interested in and we did not even mention brand visibility.
I’ve picked which types of sponsorship are best – what’s next?
Now is the time to consider whether a sports team, a championship or an individual is best for you to put your brand behind.
We’ll discuss this question in more detail elsewhere – but for the moment, it’s useful to think of sports as you’d think of a media outlet that you might advertise with, and this means asking a few more questions. Will my potential customers see my brand if I position it here? Will this sportsperson/team/event make its followers more aware of us, leading to familiarity, the development of brand preference – and ultimately the intention to become a customer? Does the team/championship/individual represent our values? Will this sponsorship campaign create an emotional link with the people I want to reach?
The agency will answer you to all these questions and on the basis of these answers will lead you in the right direction. The next things to think about when moving forward in the sports sponsorship process is the plan you have to devise to exploit the sponsorship to its fullest (Discover more about Sponsorship Activation).
To stay up to date with news and for further advice on this subject, remember to keep checking out https://rtrsports.com/en Since 1995 RTR Sports Marketing is a leading sponsorship agency with its roots in motorsports, such as MotoGP and Formula 1.
Read more about MotoGP sponsorship costs and get in touch today for a consultancy.