{"id":237995,"date":"2019-03-20T23:00:00","date_gmt":"2019-03-20T22:00:00","guid":{"rendered":"https:\/\/rtrsports.com\/businesses-sponsor-events\/"},"modified":"2024-08-09T03:28:15","modified_gmt":"2024-08-09T01:28:15","slug":"businesses-sponsor-events","status":"publish","type":"post","link":"https:\/\/rtrsports.com\/en\/blog\/businesses-sponsor-events\/","title":{"rendered":"Why do businesses sponsor events?"},"content":{"rendered":"<p><strong>\u201cWhy do businesses sponsor events\u201d <\/strong>you might ask. Sponsoring experiential experiences or live events might seem like a bit of an anomaly for a marketer, especially when there are so many traditional or digital opportunities available, in a constantly innovating tech landscape &#8211; but if you dismiss live events you\u2019re missing out on a hugely lucrative revenue stream.<\/p>\n<p>Here we\u2019ll try to answer the question, \u201c<strong>why do businesses sponsor events?\u201d <\/strong>using our own experiences and knowledge as experts in the sports marketing arena.<\/p>\n<h2><strong>The landscape of live events in 2019<\/strong><\/h2>\n<p>Bizzabo has broken down the stats on event marketing, giving us a clear view of its benefits in 2019. Here are some of their most compelling findings:<\/p>\n<ul>\n<li>84% of businesses leaders believe that in-person events are critical to their company\u2019s success<\/li>\n<li>The <strong>most successful<\/strong> businesses are spending almost twice the average marketing budget on live events<\/li>\n<li>41% of marketers name live events as their most effective marketing channel &#8211; this is a huge increase from 2017, showing that events are becoming more, rather than less, important<\/li>\n<\/ul>\n<p>Clearly, business leaders can see that there is value in live events &#8211; so if we\u2019re asking \u201c<strong>why do businesses sponsor events?\u201d<\/strong> following their lead is likely to be a good place to start.<\/p>\n<h2><strong>Sponsoring live events <\/strong><\/h2>\n<p>Bizzabo has broken down the stats on event sponsorship specifically, and as brands looking to answer <strong>why do businesses sponsor events,<\/strong> these numbers are likely to be hugely important. The company reveals that, up from 40% in 2010, 60% of event organizers now have a budget dedicated to measuring the value of sponsorship campaigns. Added to this, 16% consider finding sponsors to be the biggest challenge they face &#8211; so if you have a clear vision and can enact it well, this space is likely to be very successful for you. According to Statista, sponsorship spending currently sits at USD $62.8 billion &#8211; up from $60.1 billion in 2016.<\/p>\n<h2><strong>B2B benefits of live events <\/strong><\/h2>\n<p>The benefits of live events from a B2B perspective can\u2019t be overstated: <strong>62% of marketers use live events for lead generation<\/strong>, over half spend more than 20% of their entire marketing budget on live events, and almost a quarter use live events to aid in building a community (this goes up to 28% for B2C brands.)<\/p>\n<h2><strong>Adding value with digital promotion <\/strong><\/h2>\n<p>Of course, having a live event or <strong>sponsoring an existing event<\/strong> gives you a chance to get in front of potential customers in real time &#8211; and stay there for days, hours or even weeks.<\/p>\n<p>This valuable experience can be amplified afterward with <strong>digital promotions<\/strong>, which can have two purposes: firstly, to demonstrate to potential customers who weren\u2019t there how effectively you engaged with those that were, and secondly, to re-engage those that did attend and ensure that their eyes remain on your brand going forward.<\/p>\n<h2><strong>Events marketing in sports: MotoGP sponsorship <\/strong><\/h2>\n<p>The sports industry lends itself particularly well to sponsorship of live events, not least because there are just so many events that brands can potentially become part of.<\/p>\n<p><a href=\"https:\/\/rtrsports.com\/en\/sports-sponsorship-program\/\"><strong>MotoGP<\/strong><\/a> is a prime example of a sport that has a huge audience, a global stage, and numerous opportunities for live sponsorship &#8211; from leathers and bikes to banners, billboards and technical sponsorships (Michelin is MotoGP\u2019s long-term tyre supplier, for example, which offers a clear value on both sides.)<\/p>\n<p>Discover more about<a href=\"https:\/\/rtrsports.com\/en\/blog\/what-is-sports-sponsorship-activation\/\"><strong> Sponsorship Activation<\/strong><\/a> or If you want to find out more about live event sponsorship in sports, or discuss the question \u201c<strong>why do businesses sponsor events?\u201d<\/strong> in more detail, feel free to contact RTR Sports Marketing directly &#8211; we\u2019ll be waiting for your call.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWhy do businesses sponsor events\u201d you might ask. Sponsoring experiential experiences or live events might seem like a bit of an anomaly for a marketer, especially when there are so many traditional or digital opportunities available, in a constantly innovating tech landscape &#8211; but if you dismiss live events you\u2019re missing out on a hugely [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":158939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20271,20038],"tags":[],"class_list":["post-237995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motogp-10","category-sport-sponsorship"],"acf":[],"contentshake_article_id":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why do businesses sponsor events? - RTR Sports<\/title>\n<meta name=\"description\" content=\"\u201cWhy do businesses sponsor events\u201d you might ask. Sponsoring experiential experiences or live events might seem like a bit of an anomaly for a marketer, especially when there are so many traditional or digital opportunities available.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rtrsports.com\/en\/blog\/businesses-sponsor-events\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why do businesses sponsor events?\" \/>\n<meta property=\"og:description\" content=\"\u201cWhy do businesses sponsor events\u201d you might ask. Sponsoring experiential experiences or live events might seem like a bit of an anomaly for a marketer, especially when there are so many traditional or digital opportunities available.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rtrsports.com\/en\/blog\/businesses-sponsor-events\/\" \/>\n<meta property=\"og:site_name\" content=\"RTR Sports\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RTRSportsMarketing\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/rtrsportsmarketing\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rtrsports.com\/wp-content\/uploads\/2024\/07\/motogp_2019-2-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emanuele Venturoli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/RTR_motoGP\" \/>\n<meta name=\"twitter:site\" content=\"@rtrsports\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emanuele Venturoli\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/\"},\"author\":{\"name\":\"Emanuele Venturoli\",\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/#\\\/schema\\\/person\\\/6db38b859a8be0e39a3fb94a2a7b0a24\"},\"headline\":\"Why do businesses sponsor events?\",\"datePublished\":\"2019-03-20T22:00:00+00:00\",\"dateModified\":\"2024-08-09T01:28:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/\"},\"wordCount\":605,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rtrsports.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/motogp_2019-2-scaled-1.jpg\",\"articleSection\":[\"MotoGP\",\"Sport Sponsorship\"],\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/\",\"url\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/\",\"name\":\"Why do businesses sponsor events? - RTR Sports\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/rtrsports.com\\\/en\\\/blog\\\/businesses-sponsor-events\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rtrsports.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/motogp_2019-2-scaled-1.jpg\",\"datePublished\":\"2019-03-20T22:00:00+00:00\",\"dateModified\":\"2024-08-09T01:28:15+00:00\",\"description\":\"\u201cWhy do businesses sponsor events\u201d you might ask. 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