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In this video tutorial, Chris Bayliss, President and CEO of the Sponsorship Collective, discusses the importance and purpose of a sponsorship letter. There are two basic frameworks for a sponsorship letter: one is a cover letter for a sponsorship proposal, and the other is used when having trouble reaching a prospect. The video emphasizes the importance of using a sponsorship letter to effectively communicate with potential sponsors and outlines strategies for crafting an impactful letter. Subscribe for more tips on securing sponsorships for your events.