How important is building relationships before pitching sponsors, and what's the best approach?

Answered in: 2023 Drag Racing Sponsorship Summit Part 2

The Answer

Building relationships before pitching is critical. Successful athletes introduce themselves, show who they are, and engage with marketing contacts before ever presenting a sponsorship deck. At trade shows like PRI, it's better to meet people during evenings at bars/restaurants or while they're setting up, rather than interrupting during show hours when they're selling to customers. One athlete spent 10 years building a relationship with VP Racing Fuels before securing a sponsorship. The approach should be inviting contacts to a follow-up call rather than immediately presenting deliverables and exposure metrics.

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