How do I grow a sponsorship relationship from year one to a long-term partnership?
Answered in: How to get sponsored by Honda Off RoadThe Answer
In year one, immerse your sponsors in the experience - Jeff had Honda executives actually drive legs of the Baja 1000 and embed with the team. As the relationship matures, create dedicated VIP experiences like 'day in the dirt' events where 4-6 executives get behind the wheel, enjoy catered experiences, and see behind the curtains of your program. Reinvest sponsorship funds into thanking sponsors and exposing them to your world. Over time, you transition from sitting across the table in negotiation to sitting next to them as partners planning together.
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Related Questions
How do you approach a potential sponsor without coming across as too pushy or salesy?What should I include in a sponsorship pitch presentation to a major brand?Should I give sponsors one fixed price or multiple sponsorship options?How much of my sponsorship budget should go toward marketing content versus running my race program?How do I provide content to sponsors in a way that makes their jobs easier?
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