Why do different types of companies sponsor athletes and what are their specific goals?

Answered in: 2022 MX Sponsorship Summit: Why Brands Sponsor

The Answer

Different companies have different sponsorship needs based on their industry. Retailers want foot traffic into stores. Manufacturers want to prove product functionality. Service companies (like insurance) want to make their brand feel fun and collect leads from potential customers. Food and beverage companies want sampling opportunities so people can try their products. Endemic brands (those within the sport) want to prove functionality and achieve podium results. Understanding what a specific company needs helps athletes tailor their pitch accordingly.

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