How do I keep sponsors long-term instead of just getting a one-year deal?
Answered in: 2023 Off Road Fall Sponsorship Summit 2The Answer
Long-term sponsorship retention comes from: building trust through consistent performance and reliability, making the sponsor's life easy rather than creating problems, having a solid team and program that doesn't require constant handholding, being relationship-oriented rather than transaction-oriented, and never pulling out the contract after it's signed (which signals no real relationship exists). Invest your own resources to ensure your program runs at a high level - sponsors want to back programs that would succeed anyway, not build race teams from scratch. Maintain the same key personnel so sponsors develop relationships with your whole team, not just you.
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2023 Off Road Fall Sponsorship Summit 2
Session from the 2023 Off Road Sponsorship Summit (October 4, 2023): How to Start a Factory Team — R&D, transfer of technology, and why brands need racers testing in the real desert. With Ryan Thomas (Factory Polaris Racing), Craig Scanlon (President, K&N), and Travis Clarke (Executive VP of Action Sports & Olympics, Wasserman).
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