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2023 Motorsports Sponsorship Summit at Mechanix Wear

WHY BRANDS SPONSOR & HOW THEY CALCULATE ROI Alex Striler, Ben Dolan, David Cardey, Jackie Donahue, Jesse Spungin PROMOTING YOURSELF & SPONSORS THRU THE MEDIA Tony Yorkman, Megan Meyer, Dan Schechner, Don O’Neal, Vaughn Gittin Jr. ACTIVATING AT EVENTS TO INCREASE BRAND VALUE Alex Striler, Kevin Miller, Matt Martelli, Dan Dennehy-Rodriguez CREATING DECKS THAT ATTRACT & WRITING PROPOSALS THAT SELL Alex Striler, Tony Yorkman, Megan Meyer FINDING TIRE AND WHEEL SPONSORS Tony Yorkman, Chris Meyer, Brian Henderson, Michael Mathis NETWORKING AND MEETING NEW SPONSORS Alex Striler, Kathryn Reinhardt, Travis Clarke, David Morton

Questions answered in this video

10 questions
Q
What is the difference between a sponsorship deck and a proposal, and when should each be used?

A deck is eye-catching marketing material used to attract initial attention and start a conversation with potential sponsors - it can be a postcard, video, website link, PDF, or pamphlet with lots of imagery showing what a brand could get involved with. You send decks when first meeting someone to 'fish' for interest. A proposal is a detailed Word document created AFTER you've established a relationship and learned what the sponsor needs. It lists specifically what you will deliver and what you expect in return. Never send a proposal to someone you just met - you don't propose to someone on a first date. The proposal becomes part of your contract and what sponsors will hold you accountable to.

Q
Why do sponsors say it's no longer about just putting logos on race cars, and what do they actually want instead?

Multiple brand representatives emphasized that logo placement alone doesn't provide enough value anymore. What sponsors want is: 1) Content creation - videos, testimonials, and explainer content they can repurpose, 2) Authentic product promotion and education that helps with the buyer's journey, 3) Extension of their marketing team - helping with social media, retailer relationships, and events, 4) Activities that drive actual sales through affiliate codes, coupons, or lead generation, 5) Building relationships and providing value between race events, not just on race day. VP Racing Fuels noted their top-performing content pieces were actually unplanned authentic moments, not the contracted minimum deliverables.

How can athletes find out what a potential sponsor's marketing plan and goals are before pitching them?

Answer available with access

What should athletes do to promote sponsors on social media beyond just announcing the partnership?

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How do tire and wheel companies prefer to be approached for sponsorship?

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What is the best way to network and meet potential sponsors at industry events?

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How can grassroots racers leverage their sanctioning body and series to add value for sponsors?

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Why is authenticity so important in sponsorship, and what does authentic promotion look like?

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How should athletes think about sponsorship when they can't directly prove sales ROI?

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What do successful sponsored athletes do between races and off the track that makes them valuable?

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