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By Silvia Schweiger| Posted March 25, 2022 | In Marketing Sportivo
The world of events is very large and full of offerings and opportunities, and the market for event marketing agencies is equally large and varied. But let’s take a small step back and understand how exactly events fit into marketing strategies and why.
It may seem strange and almost impossible to you, but even today, even with all the mass of information available on the net, there is a lot of confusion when it comes to marketing, advertising and events; let’s not even talk about sports marketing.
But let’s take one step at a time.
Usually when I am asked what exactly event marketing and sports marketing are and what is a marketing-oriented company, I answer with the classic definitions of historical marketing gurus such as Philip Kotler or Seth Godin, but today I would like to start with a simpler and more practical definition that is more in step with modern times. I often go into bookstores and browse through books on marketing and communication, and I like to see how this topic is treated as the years go by and then also proposed to the general public, not just to experts in the field.
This definition I found, perhaps more of an explanation really, I took from a very funny, simple marketing book with lots of interesting insights and says:
“Marketing is the most important thing you can do in business today, even if your job title does not contain the word marketing. Marketing, in all its various forms, focuses on attracting customers, getting them to buy your product/service, and making sure they are satisfied enough with their purchase to come back for more. “*
Too simple, you will say, but in fact that is exactly what it is, and it applies to everyone. In fact, the basic goal that all companies have is to attract customers/consumers and keep them coming back to buy what you are offering. Whether selling sneakers or financial services, computers or wrinkle creams, multivitamins or cars, every company always has one goal: to attract customers and keep them for as long as possible. What strategy you use to do this, and what tools you choose to use to achieve it, varies from company to company, brand to brand.
And this is where all the tools that marketing offers to promote one’s product or tell about it fit in, so that the target audience knows about it, buys it and possibly repurchases it as often as possible over time.
When it comes to promoting their brand, product or service, companies have various tools to use that they find under the popular Promotions umbrella as part of the marketing mix.
If we take Philip Kotler’s definition, “Promotion encompasses all the activities a company undertakes to communicate and promote its products to its target market.”
Promotion thus represents that whole series of activities that enable the company/brand to get in touch with the consumer to communicate something about our product that will stimulate them to choose it over another.
And this is where advertising, promotions, PR, (public relations) including event creation, and sponsorships come in.
Events have become increasingly important because it is crucial to be able to connect deeply with the consumer in order to create a memory that will endure.
In fact, receiving thousands of messages every day, consumers struggle to remember the brands with which the messages are associated.
We usually remember something that interests us or that has made a special impression on us.
Classic advertising (such as advertising on television, radio, the Internet, in transportation vehicles, etc.) alone is no longer enough to capture the consumer’s attention. Often, a plan that also includes events must be flanked so as to bring the consumer closer to the product in a more direct and profound way.
We hear about engagement all the time, and it is just that; creating moments, real or virtual, where the brand and target audience interact in an active way.
This is where event marketing companies (marketing and event companies) come in: their role is to help companies create moments in which to engage the target audience in an effective and memorable way. These moments or events or occasions, ensure that the memory of the brand remains over time and that this is thus remembered or preferred at the time of purchase.
The world of events is so broad that agencies have over time specialized in offering specific services to companies.
Based on what the brand or product needs, the specific event marketing firm (event marketing firm) is contacted and selected that will offer a tailor-made project on the individual client.
I’ll give you some examples right away:
There are companies that specialize in large events, trade show events, corporate conventions, and within this segment there are agencies that specialize in medical conventions, rather than conventions or political events; companies that specialize in product launches, those that do samplig activities, those that organize traveling promotional tours, guerrilla marketing, cultural events companies, or music events, or travel-related events companies, and then experiential events agencies. Then also to all those digital event companies, influencers, brand ambassadors, celebrities.
The list is really long.
Think, for example, of all those activities that are organized inside shopping malls or in large supermarkets; there are event companies that have specific experience in just that area.
Sports events and sports marketing always find themselves thrown somewhat in the middle, between events, promotions, and advertising.
Sports marketing and sponsorship agencies are not event agencies, but are consulting firms that work alongside companies/brands that want to use sports as a marketing and communication tool.
Thus, they do not deal with the conception and creation of a sports event, as is often thought, but define a mktg strategy that sees sports, and sponsorship, as the cornerstone on which to then create all communication and promotion activities, including the famous activations.
An example to better understand: a computer brand decides to invest in sports sponsorships. The agency, as a consultant, helps him figure out which area is best to invest in based on the company’s goals, values, target audience, budget, etc.
We then evaluate the various opportunities and then proceed with the property that most closely matches all the needs of the company/brand.
If, for example, a decision has been made to sponsor a Formula 1 team, the marketing agency assists the client in defining the partner, supports him in the evaluation of the proposed offers, assists him in the contractual part, and proposes the various marketing activities that can be built by taking advantage of the sponsorship.
From the communication of the sponsorship itself and the values behind the partnership (technology, innovation, competitiveness, team spirit, etc…) through the channels that the company defines, to the definition of a social media strategy to create and communicate the partnership content and thus interact with the target audience, to the whole part of the activations, that is, all those virtual or real activities that allow the company or brand to engage more directly with the target audience by leveraging the common passion that binds them through the sponsorship.
Think of all the promotional activities, events, contests, incentive programs, hospitality, and product launches that a company can organize by taking advantage of sponsorship.
All of these activities serve to connect with their target audience by leveraging the common passion that binds the brand and the consumer together: sports.
The sports marketing agency may also be in charge of organizing an event related to the sponsorship in which the company invests.
If, for example, there is a major annual convention or product launch in a specific city or location, the agency may advise the company to organize a special event in which to involve the sponsoring team, or driver, or team manager, or show car/show bike, so as to make the event unique. The consumer or customer is certainly more attracted and enticed to attend events where there is a chance to photograph an F1 or MotoGP bike or be able to get a rider’s autograph, or a team-related gadget.
Thesports marketing agency has experience and knowledge of the industry and the opportunities it offers that a generic event firm (event based marketing firm) often does not.
That is why even when it comes to event marketing, it would always be best to understand what kind of services the company is looking for so that the correct agency can be selected.
If you have any curiosity related to sports sponsorship, please do not hesitate to contact us.
* “Marketing for Dummiesby” – https://www.wob.com/en-gb/books/author/alexander-hiam
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.
Associate Director, Executive Marketing and Commercial at RTR Sports Marketing, a London-based sports marketing company specializing in motorsport for over 25 years. Without sports, life is boring
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Read MoreIn an era where it is possible to get anywhere with a click, there is a strong temptation to approach teams and properties directly for sponsorship projects.
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 motorsport sponsorship 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. Motorsport 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.
Motorsport 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 motorsport sponsorship agency like RTR has an objective, 360-degree picture of the scenario and can tell you what is really best for you: which racing series, 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 motorsport 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 motorsport marketing project, you need an agency that knows how to use sponsorship to engage the fanbase online, 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 motorsport 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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