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2023 Drag Racing Sponsorship Summit Part 4

Questions answered in this video

9 questions
Q
What is the difference between a deck, a proposal, and a proof of performance report in sponsorship?

A deck is colorful marketing material (PDF flyer or video) used to get a sponsor's attention and secure an initial meeting. A proposal is a simple business plan created after you understand the company's goals, outlining what you will deliver and what you expect in return. A proof of performance report is documentation showing what you accomplished for the sponsor throughout the partnership, used to secure renewals and as a case study for new sponsors. The key is keeping these three documents separate and using each at the appropriate stage of the relationship.

Q
When is the best time to send a sponsorship deck to a company?

The best time to send a deck is after you've had an initial meeting with someone at the company, not before. Don't hand a deck to someone at a trade show expecting an immediate answer. First, have a meeting (Zoom or in-person) to understand the company's goals, then create a customized deck showing how you can help them reach their target market and meet their specific objectives.

How long does it typically take to build a sponsorship relationship with a major brand like Toyota?

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What should a proof of performance report focus on to help secure sponsorship renewals?

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How can athletes effectively network at trade shows like PRI and SEMA without being intrusive?

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How important is understanding a potential sponsor's business plan before approaching them?

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What role does social media play in getting noticed by major sponsors today?

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How can athletes differentiate themselves when approaching sponsors who receive many proposals?

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What is the key to making sponsorship content that remains valuable over time?

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