Do you often see advertisements or sponsors when watching TV shows? This marketing technique is sponsorship marketing.
This marketing will feature one or more sponsoring brands in the TV program. The existence of this sponsor will help your business brand be seen by potential customers.
Then, what is sponsorship marketing? What are the advantages and benefits for marketing?
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Definition of Sponsorship Marketing
Sponsorship marketing is a marketing strategy as a way of promoting a product or service by funding or paying to be part of an activity or event.
The organizers will repay the service by displaying the product logo or carrying out promotions during the activity.
Not only through off-air events, but also on-air events. For example, commercials on television. The ad can appear because the company pays a certain amount of money for the product to appear on the television ad.
Types of Sponsorship Marketing
Here are some types of sponsorship marketing, including:
1. Event Sponsorship
Event sponsorship is the most common form of sponsorship marketing. The company supports and sponsors events such as conferences, music festivals, sporting events or trade shows.
In this form, companies gain brand exposure through their logo being displayed at event venues, during event advertising, and event-related promotions.
2. Media Sponsorship
Media sponsorship involves companies sponsoring media, such as television, radio, or online publications.
The company provides financial or in-kind support in the form of advertising, editorial content or brand promotion through the sponsoring media.
3. Team or Athlete Sponsorship
Sports team or athlete sponsorship involves companies partnering with sports teams, individual players, or athletes to promote their brands.
This is often the case in professional sports such as football, basketball or tennis, where companies get exclusive rights to display their logos on uniforms, equipment or playing areas.
4. Community Sponsorship
Furthermore, in the form of community sponsorship involving companies that support local activities and events, non-profit organizations, or social initiatives in certain communities.
Companies participate in activities such as charity events, educational programs or environmental projects to build strong relationships with local communities and strengthen their brand image.
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5. Product Sponsorship
Product sponsorship occurs when companies provide their products free or at a discount to events, organizations, or individuals who need them.
This creates a symbiotic relationship in which the company gains brand exposure through the use of their product, while the recipient of the sponsorship directly benefits from the product.
6. Sponsorship Education and Research
Next, there is educational and research sponsorship involving companies that support educational institutions, universities or research institutes.
These companies often partner with these institutions to finance education, research, or technology development programs.
This kind of sponsorship allows companies to engage in the latest research and innovation, while building relationships with the academic community.
Examples of Sponsorship Benefit Forms
Sponsorship marketing uses various media to reach the target audience and get maximum brand exposure.
Here are some media that are commonly used in sponsorship marketing:
1. Social Media
Social media platforms such as Facebook, Instagram, Twitter and LinkedIn can be used to promote sponsorship widely.
Companies can utilize visual, video and text content to inform their followers about sponsorship, upload photos and videos of related events or activities, and activate audiences through comments, likes and shares.
For those of you who want to easily manage social media, you can use AI chatbots that are fast, automatic, and provide various features.
2. TV and Live Broadcasts
Sponsoring a popular sporting event or TV show gives a company the opportunity to gain wide television exposure.
Brand logos and sponsor advertisements may be displayed during live broadcasts or in related commercial advertisements.
3. Print Media
Sponsorship marketing also involves the use of print media such as magazines, newspapers and flyers.
Companies may include sponsorship-related advertisements or articles in such publications to reach target audiences who subscribe to or read such media.
4. Websites and Blogs
Publishing information about sponsorships on company websites and brand blogs can provide audiences with detailed information about the partnership.
The benefits of sponsorship for companies can display photos, videos and stories on a special web page dedicated to sponsorship.
5. Podcasts and Radio
Furthermore, in the form of podcasts and radio broadcasts. Companies can sponsor podcast programs or radio segments relevant to their target audience, and they can gain brand exposure through sponsorship announcements during the event.
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6. Live Streaming
Through live streaming platforms such as YouTube, Twitch, or Facebook Live, companies can expand their reach and gain direct brand exposure to audiences currently watching sponsored events or content.
7. Email Marketing
Email marketing is an effective way to inform customers and prospects about ongoing sponsorships.
Companies may send their audience email newsletters, sponsorship updates, or special invitations to participate in sponsorship-related events or activities.
8. Product Placement and Content
Sponsorship marketing can also involve product placement in events, digital content or videos.
For example, a brand may be featured in a film, TV program or music video, providing strong exposure to the audience that views or consumes that content.
9. Digital Advertising Media
Digital advertising media such as banner ads, display ads, video ads or ads displayed on popular websites or streaming platforms.
Through proper targeting, companies can reach relevant audiences and gain significant brand exposure.
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Benefits of Sponsorship Marketing for Companies
Here are some of the main benefits of sponsorship marketing:
1. Increased Brand Exposure
The main benefit of sponsorship marketing is increased brand exposure.
Therefore, companies get the opportunity to display their logo and brand name on various platforms, including print media, broadcast television, websites and social media.
This allows companies to reach a wider audience and increase brand awareness.
2. Brand Differentiation
Sponsorship marketing allows companies to differentiate their brand from competitors.
For that, companies can create special relationships with their target audience and build a unique brand image and differentiate themselves from competitors in the market.
3. Strong Relations with Consumers
There are opportunities for companies to connect directly with their consumers.
Through sponsoring events or sports teams, companies can build emotional and personal connections with consumers, creating stronger bonds and increasing brand loyalty.
4. Increased Brand Awareness
From several examples, sponsorship marketing can provide a significant increase in brand awareness.
When a company becomes the main sponsor of a popular event or a well-known sports team, they can reach a wide audience and gain maximum exposure and become more recognized by consumers.
5. Improved Brand Image
Sponsorship marketing also affects the company’s brand image.
By partnering with reputable events, organizations or individuals, companies can gain a positive image and be respected by the public.
Association with related entities can give the company greater trust, reliability and authority in the marketplace.
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6. Special Marketing Opportunities
Companies get special marketing opportunities that cannot be achieved through traditional marketing methods.
This includes brand promotion through product placement, event-related brand activation, exclusive content, direct audience interaction opportunities, and other creative marketing activities.
This opportunity helps companies to create unique experiences that engage consumers and enhance their brand impressions.
7. Improvement of Business Relations
Through sponsorship partnerships, companies can establish business relationships with other parties involved, such as potential business partners, event owners or related industry players.
This kind of partnership can open cooperation in a sustainable manner. Well, businesses also have to get support to run smoothly.
So, those are some reviews regarding sponsorship marketing. Hope this article helps you.