13+ Sample Corporate Sponsorship Proposal

What Is a Corporate Sponsorship Proposal?

Corporate sponsorship is a type of financial support that a nonprofit organization receives from a business for an event or other endeavor. The advantages include organizations getting the assistance they need to continue serving their objectives, while businesses get tax breaks and a boost in their brand. A corporate sponsorship proposal is a pitch sent by an individual or organization to another organization in the hopes of forming a partnership. You can look into the corporate sponsorship proposal examples provided for you within the article. To also save you time, proceed to the business sponsorship proposal template available as opposed to starting from scratch.

Reasons Sponsors Work with Businesses and Organizations

Similar to having an Event Sponsorship Proposal, there is a purpose behind companies or individuals reaching out to sponsors. Though to understand their side of business perspective further and to expand your initial knowledge, you should go through this curated list. Since there are various reasons why sponsorship is created, then one of these factors could possibly hit your needs well so that they are met by the sponsor. Keep in mind what you learn so that you can apply them as you prepare the corporate sponsorship proposal.

Lead Generation: When you are new to the industry, it’s easy to believe that other larger companies don’t have to do nearly as many of the same business activities you do. When it comes to lead generation, though, every company must commit. To attract leads, your sponsor company has a well-optimized website, a strong social media presence, and plenty of authority-driven Blog content. This should help to explain why sponsors are so selective about which businesses or organizations they work with. If there is no overlap between your audience and the sponsor, the sponsor is well aware that lead generation opportunities are low.Better Brand Awareness: Every brand aspires to reach the status of household name that huge and well-known corporations have achieved through time. It is the best possible outcome for the public to associate your brand with a particular item right away. This helps your organization climb the corporate ladder, gain more attention, and expand your audience. Even if your sponsor is more well-known than your company or organization, that doesn’t indicate the sponsor is well-known among the general public. Accepting sponsorship, on the other hand, will result in the sponsor company’s name being plastered all over the press. People will now favorably talk about them.Possibility to Take On a New Role: Another goal of the sponsor company is to take on a new function, which is linked to the aforementioned goal of becoming a bigger, more well-known name. Your sponsor company has taken on the unique position of corporate citizen, rather than merely being another company among thousands or millions in their field. These businesses play a different role than you may expect when they seek to improve a community or the health of its citizens. The publicity that such corporate citizenship generates brings respect and appreciation to the sponsoring company.Standing Out from the Competition: Regardless of the industry in which your sponsor company operates, there are thousands, if not millions, of others who do the same thing. However, there must be a reason why you want to collaborate with them in particular. You should have done some research on the sponsor company’s target demographic to see whether theirs and yours are compatible. If your target company accepts sponsorships when even a couple of their most fierce competitors don’t, the sponsor company gains an immediate edge. Those methods of differentiation will continue to attract sponsorship prospects for the sponsoring company.Gaining Media Exposure: If you have ever done some preliminary research into the expenses of having a billboard erected in your city or town, or simply paying for a radio or television commercial, you know how expensive media exposure can be. The more times a particular name is mentioned in the press, the more leads they create, the more web traffic they draw, and the more of a competitive advantage they have due to the Media buzz. Another significant reason why sponsors must carefully select the organizations and businesses with which they engage is because of the reputation they can exude.Greater Audience Reach: The chance for audience interaction is one of the most valuable benefits of a good corporate sponsorship output. This information pertains to the demographics of your target audience. It’s also beneficial to understand their brand preferences in areas that are particularly relevant to your company. This is the information you want to be prominently displayed. This information is useful not just for your potential sponsor company, but also for you to understand where audience alignment may exist. The sponsor is entrusting you with the keys to growing your business and, by extension, your audience. They may employ email marketing or gather the contact information of your event participants.Driving More Sales: Another important goal for sponsor companies is to increase their sales. After all, they require funds to continue selling sponsorships, whether with your organization or another. The sponsor company can market its products or services to your leads once they have been converted or have begun the conversion process. Since the leads are more qualified as a result of the sponsor company’s vetting, they are more likely to take advantage of these offers. It comes down to the increase of Sales or interaction with the audience and with your respective companies.

Benefits of a Corporate Sponsorship

Corporate sponsorship is typically a contribution of goods, in-kind services, or money made by a company to a non-profit organization to help fund a project or event. The company becomes a sponsor in exchange for the funding, which is akin to being an advertisement. Instead of paying for an advertisement, the sponsor pays a fee for the opportunity of having its name and brand associated with the company it promotes. Some Small Businesses may believe they can get by without corporate sponsorship, especially if they have been rejected repeatedly by larger corporations. While obtaining one of these sponsorships is not always straightforward, having one might benefit your company.

Projects and Events Funding: Organizations, particularly nonprofit organizations, frequently rely on corporate donations to fund their many activities and events. The benefit of receiving corporate sponsorship financing is that the group receives the funds it requires and simply has to put the sponsor’s name on signage and acknowledge the company’s support and participation in promotional materials. In some cases, an organization may additionally provide the sponsor with the opportunity to speak, distribute company brochures, or receive access to the organization’s mailing list for advertising.Credibility: Every local or budding company and individual entrepreneur wants to be noticed, yet the competition is strong. Your own company acquires credibility with the backing of a larger corporation through sponsorship. This might increase customer interest and income for your company. The positive outcome is that through the sponsorship, the company or sponsor backing you would also gain attention for working alongside your company as it gains the attention of the audience or market.Positive Affiliation: Through a good relationship, both the company making the financial commitment and the group receiving the donation can gain from corporate sponsorship funding. An ecologically conscious business that sponsors an Earth Day celebration at a local school, or a large medical supply company that sponsors a community health fair, for example, might portray itself as a good corporate citizen. Simultaneously, the organization organizing the event gains a positive reputation by demonstrating that it has the support of large and prominent corporations.Connection: Although you aspire for a longer-term relationship, the cooperation between you and the larger company could be a one-time agreement. This sense of belonging opens the door to new networking opportunities and the opportunity to expand your consumer base. Through working with a sponsor, your connections grow in terms of finding people for the specific or right job. It helps to know someone who will be able to aid you in times of need or difficult situations.Brand Recognition: Corporate sponsorship financing is frequently used by new businesses to get their name and product in front of the public. This strategy allows the corporation to associate its brand with a well-known group while also promoting its commitment to the Community. The strategy can also assist businesses in reaching out to a certain market. Sponsoring a huge bowling event, for example, would benefit a bowling ball manufacturer, while sponsoring a back-to-school fair would benefit an office supply store. Many companies choose the types of organizations they support depending on how closely they are related to their product, industry, or market.Tax Benefits: Corporate sponsorship money can have beneficial tax ramifications for both the companies that donate and the organizations that receive it in some situations. A tax expert can help a corporation figure out how much it can deduct from its donations. If you are lost in dealing with such matters, your local accountant can help you out. If you don’t have someone within the company who can handle that, then you can hire an outside but reliable accountant.

How to Write a Corporate Sponsorship Proposal

You have reached the section of the article where you will be writing the proposal itself. Despite the similarity to an event sponsorship proposal format, there are significant differences in the contents. The purpose remains the same of which you are intending to secure a sponsor for your company. If you still require additional references, then you can look into the available sample corporate sponsorship proposal provided. Otherwise, if you are short on time, then you can use the corporate sponsorship package template for a set of terms you can include in your proposal.

  • 1. Understand What Companies Are Searching For

    Way before jumping right into the sponsee market, you will need to be aware of the qualities and terms that sponsors are looking for. Since each sponsorship is unique, no deal will be the same as before. You need to be prepared so that once they require something of you, you are fully aware that you can present it while also fulfilling the needs of your company. In the end, it matters that both of what your company and the sponsors’ needs are achieved. Once you have done the necessary preparations, then you are ready to reach out to the companies that match the qualifications you are also looking for.

  • 2. Create a Plan for Marketing

    Sponsors will be more inclined to work with you once you have a thorough understanding of what you need from them. But first and foremost, you will need to make a marketing plan so that you can identify the opportunities and benefits you can obtain within a specific period. A marketing plan is a company’s advertising strategy for selling its product or service. The Marketing Plan will help the company determine who its target market is, how to effectively contact them, what price point the product or service should be sold at, and how it will track its progress.

  • 3. Make a Well-Structured Proposal

    This is the part where you will officially begin to write out the proposal after collecting the necessary information from the potential sponsors. The basic contents of a proposal for a corporate sponsorship proposal include the introduction, an outline of the program or particular project for which you are seeking sponsorship; the benefits your sponsors will receive in exchange for the partnership; and, finally, conclude your proposal with detailed information about your organization, such as the history, experiences, goal, mission statement, and so on.

  • 4. Build a Sturdy Foundation Working with Sponsors

    Other than establishing a professional working relationship with your sponsors, what follows after sending them the corporate sponsorship proposal is to make your ties sturdy enough that they should withstand the challenges that may come your way. Your company must gain the trust of the sponsor by cooperating with them in the sense that they can see the work and effort you are putting into the Project or program.

FAQs

What to keep in mind when selecting a sponsor?

It is not in your best interests to contact any corporation that appears to have money and influence and request them to sponsor you. Just because they have the goods doesn’t mean they will wind up being a good match for you. Make sure you do your research to avoid making a costly business mistake. Learn everything you can about the companies you want to sponsor. Then, make contact with those that share your company’s beliefs. This not only avoids various issues but also makes the corporation more likely to collaborate with you because you are more similar to them.

What makes a good sponsorship?

Strong sponsorship is truly a partnership between the sponsor and the sponsee, and that partnership must begin throughout the negotiation process. You want someone who will inquire about a sponsor’s marketing goals and try to provide perks that will help them achieve those goals. Sponsorship marketing is usually enjoyable, but it rarely yields the best results for the marketer. The causes are numerous, but most of them can be linked back to marketers treating sponsorship as a goal in and of itself rather than as a tool to help them achieve their larger goals and Objectives.

What is the most important objective of sponsorship?

The most essential sponsorship goal for both commercial and consumer firms is to develop community relations. There are generally a plethora of such possibilities to lend a hand in a community. Two or more businesses can band together to support a program that benefits the community in which they operate. Marketing should be used strategically to reach out to your target audience. Investigate the events and issues that your ideal clients care about as you develop your marketing strategy.

Reaching the end of the article signifies you are ready to begin writing the company sponsorship request letter. Since it is a strenuous process, you will need to take your time in filling the contents and making sure no relevant detail is left out. Make sure that you have thoroughly discussed the points before finalizing the document so you don’t waste time with unnecessary changes.