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How to get sponsored by BFG

Peter Calhoun of BFGoodrich Racing and Michelin Motorsports — the world's #1 tire company — on how tire sponsorship really works and who they choose to support.

Companies in this video

BFGoodrichMichelin

Questions answered in this video

10 questions
Q
What's the difference between a sponsorship and a partnership, and why does it matter when approaching brands?

The old-school 'sponsorship' model was very one-directional - a company provides funding/product, and 12 months later you report back on races won and stickers on the car. This method no longer works in the 21st century. Replace 'sponsorship' with 'partnership' in your vocabulary because it needs to be a win-win for both parties. The two most important elements under partnership are content and commerce - these are the 'two big C's.' Partners who were strong during the pandemic were producing and pushing content through their social channels even when they weren't racing. Just being a brand awareness exercise is no longer good enough.

Q
How should I research a company before approaching them for sponsorship?

Know about the company and the industry they participate in. Educate yourself on where they fit within their competitive set - for example, how did they perform against their peers in recent industry rankings? Know the company's fiscal year because timing matters - Japanese companies often start their fiscal year on April 1, while most American companies follow a calendar year. Understanding these details shows you're knowledgeable and serious about the partnership.

When is the best time to submit sponsorship proposals to companies?

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What kind of content should racers create to attract tire company sponsorships?

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Are tire company sponsorships typically cash or product deals?

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What should be included in a sponsorship proposal deck?

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How important is sustainability and social responsibility in modern sponsorships?

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What's the best way to make initial contact with a potential sponsor?

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How can racers in non-televised series compete for sponsorships against those in televised series?

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What's the single most important piece of advice for maintaining sponsor relationships?

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