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Building partnerships with purpose Clarify Your Objectives: Begin by defining clear sponsorship objectives. Review the Proposal Basics: Assess the Audience: Examine the Benefits: Evaluate the Events Reputation: Assess the Fit with Your Brand: Analyze the Cost and ROI: Examine Activation Opportunities:
Useful Metrics Marketers say the most valuable metrics for measuring the effectiveness of sponsorship/event marketing initiatives are product/service sales (86%), amount of media exposure generated (85%), and increased brand awareness (84%).
Many sponsors measure the impact of their partnerships by quantifying the output: the visibility of the logo, the traffic on site, the TV or web audience, the media coverage, the number of interactions with the public, etc.
These can include increased sales, market share, leads, or media exposure. Sponsorship ROI is often measured by comparing the cost of the sponsorship with the revenue or value generated by it.
5 Steps for Unlocking the Market Value of Your Sponsorship Offering List your sponsorship assets. Gather your competitors prices. Estimate your competitors attendance. Calculate the cost-per-attendee. Write down the value proposition of each asset. Determine the value of your assets.

People also ask

EVALUATING YOUR SPONSORSHIPS: THE BASICS Does the sponsorship enhance the sponsors image? Do consumers have greater loyalty to sponsors than non-sponsors? Did the sponsorship generate brand awareness? Did the sponsors web traffic increase? Did the sponsorship generate leads? Did the sponsorship produce sales?

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