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2023 Motorsports Sponsorship Summit at Mechanix Wear

Recorded live January 7, 2023 — six sessions in three hours: 1. Why Brands Sponsor & How They Calculate ROI — Alex Striler with Ben Dolan (VP of Marketing, VP Racing Fuels), David Cardey (Sales Manager, Eibach Springs), Jackie Donahue (Group Marketing Manager, NGK Spark Plugs), and Jesse Spungin (President, Mechanix Wear). 2. Promoting Yourself & Sponsors Thru the Media — Tony Yorkman (Marketing Director, Team RTR), Megan Meyer (NHRA champion and founder of Driven By Social Academy), Dan Schechner (Editor, PRI Magazine), Don O'Neal (Racers in Rental Cars podcast), and champion drifter Vaughn Gittin Jr. 3. Activating at Events to Increase Brand Value — Alex Striler with Kevin Miller (CEO, USAC), Matt Martelli (CEO, Mad Media and the Mint 400), and Dan Dennehy-Rodriguez (SCCA). 4. Creating Decks That Attract & Writing Proposals That Sell — Alex Striler, Tony Yorkman, and Megan Meyer. 5. Finding Tire and Wheel Sponsors — Tony Yorkman with Chris Meyer (Senior Marketing Specialist, Maxxis), Brian Henderson (Wheel Pros), and Michael Mathis (CEO, Atturo Tires). 6. Networking and Meeting New Sponsors — Alex Striler with Kathryn Reinhardt (SEMA board member), Travis Clarke (SVP, Wasserman), and David Morton (Fifth Third Bank).

Companies in this video

MaxxisNGKEibachVP RacingFifth Third BankMechanix WearThe Mint 400WassermanUSAC

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?

Answer available with access

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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