How can companies that aren't directly related to racing (non-endemic sponsors) be good sponsorship targets?
Answered in: 2024 MSSS Part 3: Fifth Third Bank, EPIC Racewear, BELL & Optima BatteriesThe Answer
Non-endemic companies can be excellent sponsorship targets because there's less competition for their attention. Fifth Third Bank chose motorsports specifically because no other banks were doing it, giving them a wide open market to differentiate themselves from competitors. David Morton noted he doesn't receive many sponsorship pitches, suggesting racers are overlooking financial institutions and similar companies. Banking services are commoditized, so sponsorship in motorsports allowed them to stand out in a way that traditional marketing couldn't achieve.
Want the complete breakdown?
Get full access to 2024 MSSS Part 3: Fifth Third Bank, EPIC Racewear, BELL & Optima Batteries
Video Course
2024 MSSS Part 3: Fifth Third Bank, EPIC Racewear, BELL & Optima Batteries
$7.00one-time
Related Questions
What do financial services companies like banks look for in motorsports sponsorships?How long should a sponsorship commitment be to see real results?What is the best approach for sending sponsorship proposals to potential sponsors?What should race teams do to be effective brand ambassadors beyond just racing?How do product companies like helmet and safety gear manufacturers approach sponsorships differently?
Ready to master sponsorships?
Get instant access to 2024 MSSS Part 3: Fifth Third Bank, EPIC Racewear, BELL & Optima Batteries and start implementing these strategies today.